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Peak oil is here and it's not gona be nuthen nice. The price is predicted to be between 5/10 dollars a gallon by 2012, best to have a small fuel effeciant car tucked away you will be needing it unless your sitting on a boat load of dollars.
Oh please, I think someone has been listening to the left-wing conspiracy theorists a bit much. We have PLENTY of oil still left in the ground which hasn't been tapped much of it in Alaska and Canada at the moment. I'm not sure where you are getting between $5-$10 either, even many "peak oil" conspiracy theorists don't believe we will hit that by 2012 at all.
Nonetheless, I'll still be driving my 14 mpg F-150 whether $3/ gallon or $10/ gallon.
The rise has nothing to do with peak oil at this point, production is well under the max. Refineries are running around 80% of capacity. What you are seeing right now is INFLATION, the (US) government is printing money and it is inflating its value, thereby making commodities cost more. In reality what they are trying to do is inflate their way out of the housing mess, and it's having spillover effects throughout all our lives. I'm on a contract that limits my ability to make more, all I can do is work more to cover the difference in inflation.
One only has to lo at the chinese and indai econmies that are growing a like 10% rate. We rae no longer the driver in the energy race really. If our was back to normal we would see 4.00 again and then keep climbing.
Yep, this is due to disastrous monetary policy in a attempt to reinflate the credit bubble which means hot money ramping grains and oil which only benefits the big banks.
It seems like every other day the price of gas changes,A month ago it was $2.59 a gallon and was going up and down every few days then it just kept going up and now it is almost $3.00 a gallon! What is going on here?
What's going on is stocks are going up, metals are going up, commodities are going up, energy is going up.... when everything goes up in tandem like that, it usually means excess currency liquidity.
Oh please, I think someone has been listening to the left-wing conspiracy theorists a bit much. We have PLENTY of oil still left in the ground which hasn't been tapped much of it in Alaska and Canada at the moment. I'm not sure where you are getting between $5-$10 either, even many "peak oil" conspiracy theorists don't believe we will hit that by 2012 at all.
Nonetheless, I'll still be driving my 14 mpg F-150 whether $3/ gallon or $10/ gallon.
Well that's the whole problem, I haven't been listening to left wing Al Gore type idiots, I've been listening to people in the oil and gas drilling industry, they are the ones that are warning that no new major oil fields have been discovered in the last 10 years and that production on old oil fields are depleting fast. It wont be long before the small surplus is used up and speculators are picking up on this. Now if you commute say 56 miles each way to work and gas were to go to 10 dollars a gallon that would be 80$'s a day in gas, maybe that's doable for you, but not most of us.
Well that's the whole problem, I haven't been listening to left wing Al Gore type idiots, I've been listening to people in the oil and gas drilling industry, they are the ones that are warning that no new major oil fields have been discovered in the last 10 years and that production on old oil fields are depleting fast. It wont be long before the small surplus is used up and speculators are picking up on this. Now if you commute say 56 miles each way to work and gas were to go to 10 dollars a gallon that would be 80$'s a day in gas, maybe that's doable for you, but not most of us.
I also follow the oil industry, what about different oil fields just recently being tapped in Canada or just discovered in Brazil? What about ANWR?
There are MANY great, reputable online resources debunking the MYTH of peak oil. Many oil analysts have even publicly said that there is no oil shortage.
And I commute roughly 35 miles each way to work but on average after doing errands, I'll put on about 80-90 miles each week. Burn about 6 gallons each day, still will be driving my truck even if I pay $10 gallon.
Canada, Brazil and ANWR acoording to what I've read will be expensive and a drop in the bucket for overall world oil consumption. Now if your burning around 42 gallons of gas a week at 10$'s a gallon that's 21,840$'s a year on just gasoline, how much did you pay for your truck? I'll keep my large 4 door truck for hurricane evacuations, but I'll have a small 4 banger commuter to get me back and forth to work.
Canada, Brazil and ANWR acoording to what I've read will be expensive and a drop in the bucket for overall world oil consumption. Now if your burning around 42 gallons of gas a week at 10$'s a gallon that's 21,840$'s a year on just gasoline, how much did you pay for your truck? I'll keep my large 4 door truck for hurricane evacuations, but I'll have a small 4 banger commuter to get me back and forth to work.
Paid about $42K for my truck a few months back and obviously if gas would be $10/gallon I wouldn't be driving AS much...would have an excuse to buy a Cadillac CTS-V for my daily driver but NO, I will not be purchasing a compact vehicle anytime in my life.
Never say never, as you never know what life will throw at you, course in a few years they will be making pickups that get 30+ miles a gallon and I speculate Ford will be in the forefront of this production.
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. We have PLENTY of oil still left in the ground which hasn't been tapped much of it in Alaska and Canada at the moment. I'm not sure where you are getting between $5-$10 either, even many "peak oil" conspiracy theorists don't believe we will hit that by 2012 at all.
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