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Well with national average of gas at $4 at current oil prices...would that mean a ... Stackers' Lounge forum

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    j llama's Avatar
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    More Oil Speculation Fun...Gazprom predicts $250 a barrel in 2009

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    Well with national average of gas at $4 at current oil prices...would that mean a gallon of gas 'could' be over $8 a gallon in the US in a year?

    ++

    Russia's Gazprom predicts $250 oil by 2009

    Gazprom Sees Oil at $250 in `Foreseeable Future'
    June 10 (Bloomberg)
    OAO Gazprom, the world's biggest natural-gas company, expects oil prices to reach $250 a barrel in the ``foreseeable future'' as competition for energy resources increases, Chief Executive Officer Alexei Miller said


    Russia's Gazprom Sees Oil At $250, Refuses To Be Topped By US Analysts
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    i dont see that happening. the public would rebel the price. and the overall demand would be capped. the economy isnt stable enough to support those costs.
    Sorrow is tranquility remembered in emotion.

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    Who is the #1 provider of oil for the US ( 2/3 of the total amount)?

    Did you say Middle East? Wrong. North America.


    Who is #2?

    Did you say Middle East? Wrong. South America.

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    ok but where are you going with this?
    Sorrow is tranquility remembered in emotion.

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    j llama's Avatar
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    How about some facts and data from the Department of Energy...yay!!!!

    http://www.eia.doe.gov/oiaf/forecasting.html
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    With gas prices so high, who here is driving less?
    Who here is driving differently?
    Who here has changed or cancelled travel plans?

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    yea what J said ^^
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    In the LA area use of Metro and buses has spiked up. People do react.

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    I highly, highly, highly recommend everyone go read "Gusher of Lies - The Dangerous Delusions of 'Energy Independence'" by Robert Bryce.

    I just got it the other day, its an amazing read. So many things I thought I knew about the Energy Markets. Wow. Just Wow.
    If I knew where I was going, I might already be there. -- Cross Canadian Ragweed.

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    I read a few reviews Fu, it'll definitely make my must read list. Thanks for the heads up.
    The above commentary is for entertainment purposes only. If this was actual joke the tone you just heard would have been followed by emergency response information. It's supposed to be fun people.

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    Quote Originally Posted by twieder View Post
    With gas prices so high, who here is driving less?
    Who here is driving differently?
    Who here has changed or cancelled travel plans?
    I don't drive less. I was gonna start riding my bicycle to work, ya know, save gas, get excercise... someone stole it from infront of my house!! Can't drive differently because there's just certain place you have to go!

    Quote Originally Posted by gkast1 View Post
    In the LA area use of Metro and buses has spiked up. People do react.
    I'm sure people who actually work in these areas are using public transportation, but that reaction is nowhere close to the reaction of those who still fill up there tank because they have to and still get pissed because of what they spent at the pump.

    There was some "brilliant" idear floating around the internet that said the best way to do it is to not go to Mobile, wait until Mobile drops prices, then only go there; thus starting a gas price war. I saw thousands of people sign this little thing saying they were going to do it. Whether they did it or not, it didn't work. People still need to drive and the oil company is getting away with this crap!
    It's not an iPhone addiction, it's insomnia!

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    Quote Originally Posted by Justyn View Post
    I don't drive less. I was gonna start riding my bicycle to work, ya know, save gas, get excercise... someone stole it from infront of my house!! Can't drive differently because there's just certain place you have to go!



    I'm sure people who actually work in these areas are using public transportation, but that reaction is nowhere close to the reaction of those who still fill up there tank because they have to and still get pissed because of what they spent at the pump.

    There was some "brilliant" idear floating around the internet that said the best way to do it is to not go to Mobile, wait until Mobile drops prices, then only go there; thus starting a gas price war. I saw thousands of people sign this little thing saying they were going to do it. Whether they did it or not, it didn't work. People still need to drive and the oil company is getting away with this crap!

    Bummer. Sorry about your bike.


    Yes, some people have to fill up their tank... and if they can, they pass it on -- and prices go up. Those who cannot (e.g. some truckers, an article said) are actually in trouble these days.

    There are Internet groups monitoring gas prices, reporting lowest ones...even starting local, grassroots action. A gas station distinguished by higher prices
    finds out the hard way that word went out: a morning comes when business is down 50%. That usually gets effects.

    But of course that is local, and too little. Like you said, it doesn't break this way
    of life's addiction to gasoline.

    In the long run, in 50 or 50+ years when there will be no more oil, something will
    be done, of course. But (as indeed an economist said) in the long run we are all dead.
    [J. Maynard Keynes]

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    In the long run, 50 years from now Solar and Wind Technologies (or some other alternative technology) will most likely replace Fossil Fuels.

    Remember, at the end of this discussion, we're still using a 19th century technology in the 21st century. Mostly because its still a cheap form of energy and easily produced (relative to other sources of energy).

    That is slowly changing.
    If I knew where I was going, I might already be there. -- Cross Canadian Ragweed.

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