He is saying that oil should be sold well below the rate of inflation.
As long as Competitors (China, India and others) are gunning for the last drop of oil, prices will never be low.
I have referred to the practice of "hoarding" where the race to secure exclusive supplies at all cost is leading to hoarding of oilfields by these hunters thereby making oil more scarcer than it should be.
What is wrong with these US types? Why do they insist on being part of "Alice in Wonderland?
