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Old 06-21-2008, 10:35 PM
 
5,090 posts, read 10,039,714 times
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Well considering . . . .

Quote:
Originally Posted by ViewFromThePeak View Post
This is soooo funny yet so true
and

Quote:
Originally Posted by Jaxson View Post
That sentence is so true Philip T! But "we the people" don't want to give up our driving styles to force the reduction in price of gas by keeping our money more in our pockets. It is easier to blame big oil, our govie and foreign countries. Accountability in America seems to have been throw out the proverbial window in a lot of areas of our culture.

Supply and demand means nothing to most folks in America because we have lived high on the hog too long.
I should not be so hard on [my fellow] moron Americans.

If this chart is to believed, there may be hope for US.

From a story on this topic at: The Oil Drum | Have we passed “Peak Travel?”

Attached Thumbnails
After Hike In China, Global Oil Prices Fall-milesdriven.jpg  
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Old 06-22-2008, 01:43 AM
 
13 posts, read 28,586 times
Reputation: 15
Now we need to compare this chart in about 18 months with the oil production one. You will see it too has peaked and the graph runs about the same as this one does. This is no mistake. The two will always run hand in hand. Prices just needed to catch up. Too bad they have not yet. We need to hit about $8 a gallon, US for this to happen. Ugly and sad, but true!
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Old 06-22-2008, 01:52 AM
 
Location: Cicero, NY
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The thing most people dont realize is that the wall street price(or harbor price) of crude oil does not effect the consumer market (or shouldnt) for 6 months.
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Old 06-22-2008, 10:37 AM
 
Location: America
6,987 posts, read 15,759,702 times
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Quote:
Originally Posted by baystater View Post
washingtonpost.com - nation, world, technology and Washington area news and headlines

Oil falls on reports that China will raise gas prices - Jun. 19, 2008


Now things are going to start to get interesting in the world of petroleum. I know there are plenty of other factors involved in the prices of oil but one of the big ones (in my opinion) is china's subsidies of gas.
I think a lot of people are going to be disappointed when all this is said and done.
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