www.mygallons.com. Check it out. This may save money for some people.
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a fair sign that the gas bubble will pop. Thats what they are counting on.
Doubtful. Two words; peak oil.
a fair sign that the gas bubble will pop. Thats what they are counting on.
while I agree that peak oil has it influence, it is not the sole reason for our oil crisis.
87mil bbls/day usage compared to 85mil bbl/day import probably has the largest influence.
quirky speculators freaked out over the peak oil claims is another.
china/india, several other up and coming industrial coutries are subsidizing their fuel costs so their demand is sky high.
opec nations, specifically the saudis, have determined that they want to "ration" oil exports so their future generations can reap the benefits. They have stated several years ago that oil should have been over $100/bbl 20 years ago.
regional politics such as the iranian/israeli crisis continues to drive the price up as well as places such as Iraq still not coming up to 100%. Iraq is just now inviting the oil companies back in for production.
lots of factors that can cause the price to come back down if something changes.
while I agree that peak oil has it influence, it is not the sole reason for our oil crisis.
87mil bbls/day usage compared to 85mil bbl/day import probably has the largest influence.
quirky speculators freaked out over the peak oil claims is another.
china/india, several other up and coming industrial coutries are subsidizing their fuel costs so their demand is sky high.
opec nations, specifically the saudis, have determined that they want to "ration" oil exports so their future generations can reap the benefits. They have stated several years ago that oil should have been over $100/bbl 20 years ago.
regional politics such as the iranian/israeli crisis continues to drive the price up as well as places such as Iraq still not coming up to 100%. Iraq is just now inviting the oil companies back in for production.
lots of factors that can cause the price to come back down if something changes.
Hmmm... you maybe right.
You might remember when this accident happened... March 5, 2000.
On Southwest Airlines Flight 1455 from Vegas overshot the runway at Burbank . The plane crashed through the airport fence, careened across the street and ended up with a collapsed landing gear, right next to a gas station. But that's not the amazing part - Look at the picture. It's freaking $1.59 per gallon. I miss those days.
Wow, great response! Of these factors that you listed though, what could possibly change?
With the continual development of these nations you mentioned, which is surely only going to increase, the demand for fuel is only going to increase more.
OPEC nations rationing their resources to protect their interests makes sense for them, and I can't blame them for that or reasonably expect them to back down on that decision simply because we would want them to. It's not as if they have a great wealth of other resources to rely on, they need to control what they can. Even with conflict nations such as Iraq rebuilding their infrastructure and contributing additional oil to the market, we will still have to compete with the increasing demand, right?
I just don't see what could possibly change to make a product with perpetually decreasing supply as well as a steadily increasing demand, suddenly go down in price again?
I think the writing has been on the wall ever since the American oil crisis of the 1970's, the general population didn't bother to read it. Oil is a finite resource, we've been consuming it as if we thought it would always be there! In the same respect that the Saudi's are saying that oil should have been $100.00+/bbl years ago, we should have been exploring and engineering alternate and most importantly renewable sources of energy years ago as well. The transition should have been voluntary, but it looks like it is going to have to be forced.
I just don't see how the price of oil could possibly return to previous levels, it's a lot of wishful thinking in my opinion. Then again, I have only been taught the scientific aspect of the petroleum, not the business aspects of it.
Time to go down into the lab and start working with Dexter to modify a hybrid car to run on Brown's Gas and keep Mandark out. Not sure which will be harder....
are you 7 :confused2: