Oil prices could double by 2022, IMF warned

[Swede Atlanta]

10. We cannot base policy on what MIGHT happen in the future.......

There might be predictions such as this of a doubling of the price of oil, a steep plunge in the availability of oil, an expectation that any day we will develop truly cheap renewable energy such as in one of the posts above.

All those should inform our policy but they cannot drive or define it. We have to look at the projections in the near term, look at the recent historic impact of oil availability and price on our economy, impact of burning fossil fuels on the environment, etc. Those are the factors that should drive our policy.

All else is interesting but speculation at best.