Why have the prices of natural resources gone up when we have more efficient methods of gathering them then we did 100 years ago?

Question

Why do things like wood and gas go up over the years when the world has developed way better methods and equipment for gathering and refining them?

In: 0

Answer 1

Many things. Corporate greed, inflation (5¢ back in the 80s are not worth the same as 5¢ now), increased population (and thus increased demand).