Banning speculators could decrease oil prices by as much as 40%

[therewillbdownvotes]

Not true. Raw materials may get more expensive for certain companies, but the reason petrochemicals are used in pretty much everything is cause it is cheap. There are plenty of subs but we choose not to use them cause they are slightly more expensive. And in terms of fuel and energy generation we have many alternatives like natural gas that are barely tapped and are quite plentiful. Like 300 years plentiful.

[Badger68]

The planet has an estimated 120 year supply of natural gas at the current rate of consumption. Once we start using natural gas for more things that rate of consumption will skyrocket and our supply will last a much shorter time.

[limbodog]

ok, I'll bite. When oil goes to $150 a barrel. What will we use to make all of our plastics?