``It's not enough, it's something but it doesn't solve our problem,'' Bush told reporters in Sharm el-Sheikh, Egypt today when asked about the Saudi decision, taken May 10 and announced yesterday, to increase crude production.
``Our problem in America gets solved when we aggressively go for domestic exploration,'' Bush said after meeting Afghan President Hamid Karzai ahead of a World Economic Forum conference. ``Our problem gets solved if we expand our refining capacity, promote nuclear energy and continue our strategy for the advancement of alternative energy as well as conservation.''
What you are selling may indeed work. I just have a policy of not buying ANYTHING sold by MLM (Ponzi schemes). If they sell it at Costco or Napa it may be worth a try. There are too many snakeoil salesmen ready to skin a sucker with more money than brains. You will find people here with every level of automotive knowledge. They have seen these things come and go. You can bet your last dollar that anyone that comes up with a device or formula that cost effectively saves money at the pump that they will be Multi Billionaires and will not have to stoop to MLM schemes to sell the product.
"I consider my prediction conservative but not necessarily pessimistic as high fuel prices may wake the US creativity up and launch big alternative projects I am advocating."
Things are happening for sure. They would not be drilling in the Middle Bakken at $5 million a well if the price of gas was $2 a gallon. I also see the change taking place as a million little adjustments, not a few big changes. Politicians like to do the big project will save us speech, but in the end it is a lot of little actions that get the job done.
"However, if you mean by subsidize, injecting state money to lower the price at the pump, I am pretty convinced it is not the case in China. "
I would agree, from what I read it sounds as if the Government sets the price but also will give the refineries a tax rebate of sorts to make up for the loss. I am just reporting what I read from some of the international web sites. As always, you need to be somewhat skeptical until you can verify the information. http://www.theglobeandmail.com/servlet/story/LAC.20080514.IBCHINA14/TPStory/Busi- - ness
"Current prices pinch but are still acceptable. "
That really depends on who you talk to here in the U.S. I know people that live in rural North Dakota that live on a few hundred dollar social security check each month. The $4 a gallon gasoline is having a real impact. Many small town grocery stores have closed. These people usually have to drive anywhere from 10 to 40 miles to get to the nearest store or Wally Mart.
Just two weeks ago I was talking to a person from the far western part of the state. He commented that now when the wife says lets go into town he will say no more often than not. He wants to limit the 50 mile round trip to once a week or so.
http://www.reuters.com/article/marketsNews/idUSN1340931020080513 "We've never seen prices at this level. It really seems that it's had a material impact on consumers' driving patterns," said Michael McNamara, vice president of MasterCard Advisors. Gasoline demand was down 7% from a year ago. "Such drops are unusual for the spring season"
"but not enough to compensate for the other countries gas consumption rise. "
It will be interesting to see how this develops - unless you are in one of the countries that cannot afford the diesel to run your electric generators.
I could be wrong, but I think we are getting close to the limit to what many people can handle. As they adjust gasoline consumption will likely level off world wide.
While in Bellevue where the price was 3.88 near Mathews, we drove through the I 90 Mercer tunnel & heard the sound of a steam locomotive coming from another vehicle no doubt using a Denon 250W sound system! What a giggle!
you're in denial if you dont think $7 gas is coming.
Do you base that on facts or just gut feeling? I think a $3 average over the next 5 years is more likely. If we go to $7 per gallon the EU will be at $10.
"I have to assume that the people in the EU are as innovative as we are. They have had very high fuel prices for decades and have not come up with anything but using diesel fuel."
people who live in the EU use far less fuel per person. they have a better rail system as well. You don't see the roads filled with big SUV's in Europe.
I would agree that all the diesel usage in the EU makes for some bad air quality in some of the busier cities.
people who live in the EU use far less fuel per person. they have a better rail system as well. You don't see the roads filled with big SUV's in Europe.
I am sure what you say is true. That does not get to the issue which is finding an alternative to fossil fuel for our vehicles. I can tell you that a lot of people will still be driving big PU trucks and SUVs even when gas is $10 per gallon. If gas gets that expensive there will be a whole lot a people not able to get to work in this country.
We are spread out across this great land. As mentioned earlier there are people in states like ND that have a 50 mile round trip to go shopping. It was never a big issue until fuel prices started going crazy. Now that I am 14.8 miles from Costco I only go every two weeks. I make a list which is something I have never done in my life. I am fortunate that I don't have to make a budget. That would probably be the final nail in my coffin.
Yes , there are several such incidences over the past century . The CEO has had 18 attempts on his life already . That would not stop his technologies from moving forward . He's made arrangements to cover that event .
Phase #1 , the Hydro Assist Fuel Cell ( HAFC ) which the attach the 50% guaranteed MPG improvement and getting a 95% and as high as 300% has been on the market through their dealers since January . Their order backlog jumped from 2-4 week delivery to 10-12 . They have since caught up . They opened up a second factory in Canada .
Phase #2 , the " Pre Ignition Catalytic Converter ( PICC ) has been ready and submitted to EPA for approval since November . This is their Crown Jewel with which they'll be able to obtain 100 MPG on any vehicle including SUVs , V-8s or light trucks . Also recently submitted to CARB approval .
They already know that EPA is in collaboration with TPTB to suppress the PICC . What they'll accomplish is driving this technology overseas where they will be quite welcome and in fact under heavy solicitation to do so . The CEO wishes to keep the technology , the production and economical benefits in the U.S. , but ---- .
You don't really believe stuff like that? That is right up there with the Dead Drs Don't Lie tapes that made a lot of money as a MLM scheme. Any time someone gives me a line like: The CEO wishes to keep the technology , the production and economical benefits in the U.S
I smell a rat... You got sucked in buddy. Big time :sick:
I can see why so many attempts on this guys life. He has lawsuits against him for fraud from many different scams.
Dennis Lee, through the companies United Community Services of America, Better World Alternatives, Better World Technologies, and a multi-level marketing network, promotes a variety of his inventions, including: • A device that will enable your car to run on virtually any liquid, including pickle juice and Coke. • A free electricity machine.
It goes on and on...
Lee and his promotion of such inventions have gotten him in trouble with attorneys general in several states, including New Mexico. In 2001, Attorney General Patricia Madrid obtained a restraining order against Lee and what she called his “free electricity scheme.” “Mr. Lee is selling the promise of a product that does not exist,” Madrid said. “I do not want to see New Mexicans duped by this scheme.” In 1999, the Wyoming attorney general’s office issued a warning to the public regarding Lee’s claims, characterizing them as being “calculated to confuse, deceive and ultimately, to defraud the public of large sums of money.” The warning also noted that “Lee served two years in a California prison after pleading guilty to charges relating to misrepresentation and misappropriation of more than $800,000” and that he “has a history of arrests for fraud, forgery, passing bad checks and drug offenses.” The Wyoming AG’s office stated it was seeking an injunction against Lee and his associates to halt any further activities in Wyoming. The AGs of several other states, including Oregon, Vermont, Maine, Kentucky and Tennessee, have taken action against Lee. The state of Washington fined Lee $65,000 in civil penalties and prohibited him from selling products in the state. The Washington AG said Lee violated that order last year and is now seeking to impose new penalties.
Further you could be breaking the law installing one of those devices.
The Environmental Protection Agency would not comment except to say, “Any device installed that modifies an engine is required to be reviewed by the agency because it might not pass emission standards. Additionally, all fuel additives need to be registered with the EPA.” The EPA Web site contains a list of all fuel additives thus registered. “Covalizer conditioning fluid” is not on that list, nor is any fuel additive produced by any of Lee’s companies.
Are you one of those who " shoots the messengers " ??
What I've posted in regards to available technologies is factual and I've refrained from posting URLs or the name of the company . The CEO has been offered billions to just go away and shut up . He draws a weekly paycheck from the Corporation of $297.50 take home . Does that sound like an opportunist ?
There is a character assassin that has been paid $200,000 annually by TPTB for the past decade to aid in the suppression of this company's technologies . His lies know no limits . He does his assignment very well .
The truth is like cream , it eventually floats to the top . It's also like gold , you're not going to find it without some digging . Yet , the general populace will believe everything the Main Stream Media feeds them and regard it as gospel . Amazing !!
To simply jump onto the critic's bandwagon void of your own due diligence serves to aid and abet the suppressors .
The CEO has been offered billions to just go away and shut up . He draws a weekly paycheck from the Corporation of $297.50 take home . Does that sound like an opportunist ?
He sounds like a con artist. The guy IS a con artist. He has spent time in Prison because he is a con artist. I don't watch the TV and believe little of what the mainstream media says. It don't take a degree in physics to know this is just a MLM scam.
You may wonder why I am such a skeptic. It is because I watched my mom and step dad get sucked in by every con artist MLM that came along offering huge rewards for pushing their product. The last one killed my mom. It was some mineral drink that clogged her kidneys and she died. It was part of that Dead Drs Don't Lie hoax. You can believe anything you want to believe. I would be careful calling others gullible.
I hate to say it but before we know it the avg US PRICE will be $5/gallon. Home heating oil is approaching $4/gallon and diesel is $0.70 more than regular gas in the NE. I have consolidated my trips and cut back. Interesting is that demand is down but the prices continue to climb. Speculation is really impacting the pricing more than the claimed 10%.
So , due to your unfortunate experience , you now place everyone in the same category ? You have my empathy , but everyone has been exposed to scams one time or another . That's why one should do their own search for the truth and I make that a constant endeavor . It's evident that you do not practice such . You sir are the one being hoaxed due to your own lack of competent investigation . You're letting a proven liar form your opinions . TSK , TSK , shame on you .
The man you speak of is not a con artist . Yes , he was sent to prison " WITHOUT A TRIAL , WITHOUT A CHARGE and WITHOUT A CONVICTION " . What does that tell you about our Judicial system ?? TPTB will do anything to suppress anything that threatens their controls over the masses .
BTW , his " Free Electricity " technology was proven to be real in a Court of Law and that sir , is a matter of record .
I haven't gone after all the ridiculous claims of the web site, not wanting to provide you with any free advertising, but I will go after this bunch of nonsense:
"The automobile manufacturers collaborate in the schemes by introducing their computerized controls . These computers are programmed to go into default whenever they detect that the automobile's fuel efficiency has improved over the setting by a significant amount for an extended period of time . Then the gain is eliminated ." What are you talking about? The computer controls monitor the intake and exhaust conditions to maximize efficiency. That these systems might not be compatible with the monkeying your system does is a GOOD thing.
"Why would the auto manufacturers join in on this fraud ?" They're Martians, trying to take over the earth, I guess!
"Gasoline as it's formulated only burns at 18% ." Pure nonsense. I hear this claim repeatedly. It is absolutely incorrect. I believe the 18% value is the amount of energy available in the gas that actually ends up propelling the car. The other 82% is lost to heat out the radiator and exhaust, and other inefficiencies inherent with internal combustion engines. Note: THOSE INEFFECIENCIES EXIST WITH GAS OR HYDROGEN, something all these hydrogen scams fail to mention.
"By converting it from liquid to vapor it will burn at 50%-60% leaving less sludge in the engine , thus instead of obtaining a 150,000 engine life it will last 500,000 miles life ." Another variation on another old scam, the vaporizer add-on. Very close to 100% of the gas burns in modern cars, there is no significant room for improvement there. Now mix up these claims with the oil-sludge problems (which had nothing to do with combustion, by the way) and the confusion is complete!
You might want to do some reading on the subject. It is an old technology that has been around since the 1960s. There are hundreds of devices similar to the one you are advocating that sell for a lot less than $995. They do exactly the same thing. You have been duped by a slick shyster.
Not sure about your Williams book connection. I went to Alaska in 1970. Worked the last 25 years until I retired in Prudhoe Bay. There are no secrets about energy or oil supplies.
Dr. William Rhodes technology invented in the 1960s is gaining momentum both in research results, device improvements, and manufacturing. Dr. Rhodes claims are the earliest documented.
i need you to provide some proof for this statement: "The automobile manufacturers collaborate in the schemes by introducing their computerized controls . These computers are programmed to go into default whenever they detect that the automobile's fuel efficiency has improved over the setting by a signifigent amount for an extended period of time ." :surprise:
2024 Ford F-150 STX, 2023 Ford Explorer ST, 91 Mustang GT vert
I got your point and it makes sense from your perspective.
I see from a European perspective that US price still look cheap and that despite high prices, European gas consumption is only very slowly decreasing.
One can argue that Europe economies are heavily subsidized and that alternative transports are more developed.
I can't help but think that unless the majority of the world comes to pay current European gas prices, Consumption growth won't be curbed enough as to stop oil hikes.
But your reasoning makes sense and we could well see gas stabilizing at $5 which would show me I was wrong.
In this context, an increase in US gas tax would be a very bold move. I don't think it is going to happen so the market will do it in place.
The EU is already geared for $10. The reality is that we will get to $7 sooner than you think unless you think today's $ will be worth more in 3 years.
All that you've done is to repeat the propaganda espoused by those who profit from our ignorance .
BTW , the statements I've made can all be proven . There's one of their dealers that made a $5,000 challenge to the super critics . At first they jumped right on it , but have since went silent . I find that quite comical . How about you ? Do you want to put your money where your mouth is ? If they can't obtain a 50% fuel efficiency on an vehicle of your choice you'll be $5,000 richer . Easy money , right ?
Yes , the manufacturers computers are set to maximize the fuel efficiencies - THAT WHICH THEY ARE SET FOR !! And yes , their computer will detect any attempts to , as you say it , MONKEYING with it's setting . These settings are not set for the benefit or advantage of the consumer .
" Pure nonsense " ?? BTW , hydrogen is not a fuel . It's a method of storage . Gasoline contains other hydrocarbons that aren't generally being consumed thus the sludge and waste . The HAFC vaporizes and cracks these hydrocarbons into smaller molecules and broadens the burn time so these other gases can be utilized for power . The catalytic converter is designed to burn this before it's released into our atmosphere . Why not recirculate it through the intake , burn it in the engine and utilize the additional power ? That's what the PICC does and the exhaust only contains water and oxygen .
Hey , you don't have to be a believer . Just continue paying the REAL fraudsters . They love ya !!
we need to energize like Foghat and we need to Energize now! Sitting around and waiting for the futures traders to get over their greed will not make internal-combustion-powered vehicles any cheaper to operate. I say some of us get together and build the perfect beast. The electric car!
Marty-it was the flux capacitor kicking in. Electric automotive technology is not new, however, solving the problem of short ranges needs to be done before I will bite at buying one of them. I need another 100 miles of range before I'll part with any of my Arizona money. Anyone want to start up an all-electric car company with me?
you are right, and the American Public will accept it like the sheep they are. Every time a pump breaks down, a ship goes off course, or one oil well shuts down, the prices rise. This is the biggest and most costly scam ever perpetrated on the STUPID Americans. Wake up before it's too late
Are you one of those who " shoots the messengers " ??
Smells like a total fraud to me and I think you are just here to promote the gizmo.
In any event, this topic is being discussed in the Hydrogen Fuel Cell Cars discussion so we're done with it here and any further posts about it will be removed.
Hers is and example...the Big 3 can't do this?????
ZAP-X is a Crossover Electric Vehicle designed by ZAP Motors and Lotus Engineering derived from the Lotus APX concept platform. The vehicle is estimated to be launched in 2010. The company claims that this car would be powered by a four in-wheel electric motors that generates 644 bhp (480 kW/653 PS) and reaches 350-mile or 560 km with a single charge. It also boasts a top speed of 155 mph or 249 km/h, acceleration of 0–60 mph in 4.8 s and a 10 min recharge time.
ZAP, in partnership with Lotus Engineering have designed a new EV that will result in one of the most advanced electric cars ever developed. The aptly-named ZAP-X Crossover does potentially offer a very real transition option from conventional combustion vehicles, as the short-falls of electric vehicles have been almost completely eradicated in this new design. The award-winning APX lightweight aluminium architecture allows for unparalleled performance and usability. The drive system comprises of innovative electric motors inside each of the wheels, which in partnership can deliver up to 644 horsepower, and speeds of 0-60mph in 4.8 seconds, up to a maximum speed of 155mph. The power system enables the vehicle to travel up to 350 miles before needing a charge, and the new rapid-charge technology allows for battery recharging in as little as 10 minutes. Seating allows for up to 7 passengers (not a type-o) and some very cool new gadgets included as standard too, such as touch-screen controls, Wi-Fi, Bluetooth, High-Res Video, Windows XP, iPod Ready, firewire, GPS, USB2 and more! Regenerative braking as standard, and energy collecting windows and windshields allow for some additional charging, too.
With everything you’d want out of a conventional sports car, it also has the versatility of being used as a family vehicle too!
I hope Zap comes up with some kind of winner. I got a lot of their stock. I bought it cheap so not a big deal. I think they have some real problems with their dealers. They keep promising stuff and the Xebra is all they have delivered on. It is not taking the market by storm.
the ZAP-X and the Mitsubishi i-MIEV and the BYD e6(Chinese automobile)all have my rapt attention. I will be researching them all and will report in here what I find. I am serious, this futures-trading overly-hyped up fuel shortage snot-trop is not only annoying it's unnecessary. Oh, yeah, I know, demand is pushing up gas prices. Uh-huh.
Sufferin' succatash! Bring on the electric vehicles! Time to energize!
Although many pundits predict the price of gas will climb well beyond $4.00 per gallon here's the other point of view. Gas will return to below $2.00 per gallon. This article points out that the price of gas is relatively inelastic. A small increase in demand beyond the available supply results in a large price increase. But the opposite is also true; a decrease in demand below the available supply will result in a large price decrease. The article quotes numbers that indicate production is up, demand is down and inventories are climbing. In addition much of the price rise is due to political instability, the weak dollar, and speculation, not demand. The dollar will regain strength and at some point the speculators will collect their profits and dump their futures. No comment about political instability. Based on these factors the article predicts oil will return to $60-$70 per barrel as opposed to the Goldman Sachs prediction of $200.
Many attribute the price rise to soaring demand from China and India. Certainly the demand for oil from China and India will effect the price to some degree but I suspect the analysts are over-predicting the effect of the price rise on their demand. Between them China and India consume only about 9 million barrels per day compared to the 22 million barrels consumed in the US. Their predicted annual growth rate is 10%. Even if they meet it it will still amount to less than 1 million barrels per day which production levels can absorb, particularly if US consumption decreases. Their "exploding" middle class is still a very small number considering that their per capita income is less than $2,000 per year. Their middle class will have difficulty paying for the oil as well so I suspect the 10% growth rate prediction is optimistic.
It may take a few years for this to happen. Let's just hope that when it does we don't return to driving SUVs again and cause another spike in prices as we did in 1973 and 1983.
One can argue that Europe economies are heavily subsidized and that alternative transports are more developed.
One could very DEFINITELY argue that...outside of major cities, our mass transit systems is underdeveloped at best, and nonexistent at worst. And to be honest, given the sheer square mileage involved, initial setting up new rail lines is an extremely expensive proposition, so we would probably have to be paying MORE than Europe for that to happen.
Amazing how, in just the past week, this sleepy little forum has been inundated with new names proclaiming the virtues of all kinds of new products! The "$4 gas" forum went from 10-20 posts per day to 60-80 posts.
We have the miracle 100 mpg carburetor. We have the 'your car can run on urine' engine conversion. We have the all-electric supercar with UP TO 644 hp, that goes UP TO 350 miles, and recharges in AS LITTLE AS 10 minutes.
And if those transparent qualifiying phrases don't give you a clue, re-read this tasty little piece of propoganda:
"The drive system comprises of innovative electric motors inside each of the wheels, which in partnership can deliver ....."
The grammatical errors and odd sentence structure make this sound like a solicitation for a Nigerian bank scam. "You, with wisdom of which is infinite, have thus my selection to offer assist in the freedom of moneys. Said moneys where an amount to exceed $7,000,000 US to transfer to your account in domestic, before which time I shall receive your bank account informations and security of social number."
The 'copy-n-paste' routine is getting old, and so is the "check out this website" thing. Yes, OPEC and oil companies are benefitting from widespread fraud in the oil markets. No, they're not putting out a hit, taking out a contract, green lighting, or whatever catchy little phrase is hip these days, on the guy who invented the 100 mpg carburetor.
Yes, most of us know we're getting scammed at the gas pump. No, we're not goint to fall for another scam just because some 14-year-old in his underwear on a computer in his parents' basement has maxed out the stolen credit card number on internet porn sites, but he's too hyped up on Red Bull and pizza to fall asleep, and he thinks he can make some easy money by trolling discussion forums. .
It may take a few years for this to happen. Let's just hope that when it does we don't return to driving SUVs again and cause another spike in prices as we did in 1973 and 1983.
I think the Saudi's are saying the same thing as Bailey in your article. We have a good supply. I think the bulk of the price is an oil speculation bubble. You have a lot of investors that have a lot of cash. It is worthless in the Money Market. Real Estate is shaky. The stock market is like a roller coaster. So why not trust the ONE thing we all need OIL. Some are trusting in Gold. Both are over inflated in my book.
I do not remember the SUVs being popular until the 1990s. Probably the most in your face decadent period in our countries history. My 1984 Ford Bronco was small by todays standards. I never got under 17 MPG with a 4 speed and 6 cylinder engine. I loved that SUV. Then came that POC Bronco II. I switched to GM PU trucks. My first new SUV was the 1964 Toyota Land Cruiser. It was small compared to the Big 3 boats wallowing down our highways. If you are going to have an SUV you should at least take it off road now and then. I will agree most never see a sandy wash or a rutted back road.
"you're in denial if you dont think $7 gas is coming...."
Thought about this some more overnight. Maybe you can give us some analysis on how people making less than 50K a year can handle the increase? Make sure you factor in the increasing costs for heating oil, natural gas, electricity and food. Here are a few web sites to get you started.
You may also want to tell us what will happen to the sales of larger vehicles as gasoline climbs past $5 or $6 a gallon. Hint, you can look at vehicle sales the last couple of months and do a projection.
And, so that we are comparing apples to apples, I suggest you use AAA numbers based on 2007 dollars. Make sure you think big picture. Look at how $4 a gallon is changing the entire U.S.
I know what's happening to sales of large vehicles since fuel began rising. They are DOA! It's all over the monthly stats. The first casualty is the midsized segment like the 4Runner, Xterra, TrailBlazer, Explorer and Durango.
Gas Prices this decade ( last 6 yrs )...: http://www.gasbuddy.com/gb_retail_price_chart.aspx In this same time frame large relatively inefficient vehicle sales have declined over 1 million units annually.
But...
Here is a rational proposal IMO for good use of our tax dollars. It may actually help save some of the large SUVs down the road. Both proposals ( PHEV tax credits and cellusoic ethanol production/implementation ) will reduce the outflows of money from this country to other countries. http://blogs.edmunds.com/.eea756e
"Based on these factors the article predicts oil will return to $60-$70 per barrel as opposed to the Goldman Sachs prediction of $200. "
I agree that we could see a bit of a correction in the next few years. A price of $60 to $70 a barrel is a little low from what I can tell. The EIA has stated that offshore oil production was costing $69.75. If the price drops down in the $60 range new offshore projects will start to get canceled. As the supply decreases prices will start rising again. http://www.eia.doe.gov/emeu/perfpro/tab12.htm
And as a reminder, OPEC countries like oil prices where they are now. Look at the demographics of KSA or all the building projects going on in the UAE. If oil prices start dropping they will start limiting supply. They will also cancel new oil and natural gas projects. It would make no sense for them to spend hundreds of billion of dollars to expand if prices drop back down.
", particularly if US consumption decreases. "
If gasoline goes back to $2 a gallon consumption in the U.S. will start increasing again. People that might be canceling driving vacations this year will certainly take them if the price is only $2 a gallon.
"Even if they meet it it will still amount to less than 1 million barrels per day which production levels can absorb"
I don't know about that statement. I keep reading about how Mexican oil production has dropped but their consumption of gasoline and diesel keeps rising. Russian oil production has leveled off a bit in the last few months. Is this a sign that they have peaked? Alberta and Alaska recently increased taxes which will result in some oil projects getting canceled.
We probably should not start a new forum titled "What will you do when gas price drops to $2 a gallon?"
I think the SUVs are the major gas guzzlers on the highways. At least of the new vehicles being sold. I think big PU sales peaked a couple years ago. Though the crew cabs offer more flexibility for a one vehicle family. I just wish they built them with a small diesel that gets 30 MPG.
If gasoline goes back to $2 a gallon consumption in the U.S. will start increasing again. People that might be canceling driving vacations this year will certainly take them if the price is only $2 a gallon.
I am more optimistic about gas prices than most. I would be real surprised if gas drops below $3 this year. I think that Congress will watch real close and stick US with more tax if the price drops much. They know we will accept $4 gas without burning down buildings and shooting politicians. They feel empowered to stick it to US. They are also looking at CO2 reduction taxes. They would likely be added onto our fuel source.
I do think there would be a big surge in usage if the price dropped radically. As far as vacations. I just read that Disneyland and Disney World are up this Spring by 28%. When I was in Hawaii they were saying their tourism is up 18% over last year. I think it is mostly foreign tourists. With the dollar in the toilet we are a bargain vacation location.
...this morning called "Escape from Suburbia that was focused mostly on the Peak Oil argument. It's free on Comcast On Demand until tomorrow. One of the most disturbing statements was that the U.S. hit its peak oil production back in 1970.
Other topics discussed were not only the unsustainability of the suburban model, but of cities themselves.
One part that made me really angry was a portion where a bunch of people from South Central Los Angeles planted a 14-acre community garden only to have it torn up by some developer as part of a shady back door deal with city council.
The movie had a very left wing feel to it, but did present a lot of interesting arguments and solutions that can be made on an individual and local basis.
since we are spread out more than the EU, then we have more desire/need to stick to the auto. This should be reason enough to created the demand for better fuel effenciency or alternatives to fossil fuel cars.
I think the massive downsizing of cars from 1977 through 1986 must've had an effect, because fuel prices fell dramatically during a time we were driving much smaller cars. My 1988 Buick Park Avenue, which was considered a full-size luxury car, looks small compared to my girlfriend's 2005 Buick LaCrosse which is considered a mid-size these days.
I still think GM has an excellent engine in the 3.8 V-6 which so many people criticize as being old-fashioned. It is reliable, efficient, and delivers decent power while remaining quite fuel efficient.
Well, one immediate effect is that there are going to be a lot fewer people traveling for Memorial Day according to an expert I saw on MSNBC this morning. I don't necessarily think this is a bad thing. I plan on staying home myself.
I'm always amazed by the notion that the current price of oil is driven primarily by speculation. In 1998 oil was twenty bucks per barrel. We know where it is now. It's hit this point due to tightness in supply due to technical, political, and most importantly, geological constraints. The speculative portion of the current price structure reflects these fundamentals, not the reverse.
The world's reserve oil capacity was primarily in the hands of the Saudis. They used to have considerable reserve capacity. My best guess is that they now have much less. Here in the States, even if current consumption stays flat, we will still have to import more oil each year. Since 1970 our production has declined by around -1.38% per year through 2006 (I based that on BP production stats).
New global production will have to meet both increasing global demand and declines from existing fields. Whether it will or not is open to question... personally I suspect that the best way to determine the answer to that question is to simply observe the price trend for oil over the rest of this year. Even Daniel Yergin of CERA, who has been famously bullish on a plentiful oil supply is now backing away from that position and suggesting much higher prices for crude.
As for gas heading back down, forget about it. Refinery margins are extremely tight and that alone will prevent a price fall back.
And what are we doing in this country? The gov is talking about suing OPEC. Great idea:) But don't drill off the California coast or, heaven forbid, ANWR.
But Soylent Green is people, Twinkies are not. On the other hand, some people are Twinkies so maybe it would be alright. I'm so confused. Could you give me more info on how to get in on that Nigerian money deal? :confuse:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
Folks, we can't repeal the laws of physics. There is only so much energy in gasoline. Regarding vaporizing gas before it enters the combustion chamber, well that's the way it has always been done. Liquid gasoline cannot burn. And as for converting your car to run on pickle juice, coke or urine, well good luck with that.
Comments
``Our problem in America gets solved when we aggressively go for domestic exploration,'' Bush said after meeting Afghan President Hamid Karzai ahead of a World Economic Forum conference. ``Our problem gets solved if we expand our refining capacity, promote nuclear energy and continue our strategy for the advancement of alternative energy as well as conservation.''
See? He does know more than us!!
Regards,
OW
Things are happening for sure. They would not be drilling in the Middle Bakken at $5 million a well if the price of gas was $2 a gallon. I also see the change taking place as a million little adjustments, not a few big changes. Politicians like to do the big project will save us speech, but in the end it is a lot of little actions that get the job done.
"However, if you mean by subsidize, injecting state money to lower the price at the pump, I am pretty convinced it is not the case in China. "
I would agree, from what I read it sounds as if the Government sets the price but also will give the refineries a tax rebate of sorts to make up for the loss. I am just reporting what I read from some of the international web sites. As always, you need to be somewhat skeptical until you can verify the information.
http://www.theglobeandmail.com/servlet/story/LAC.20080514.IBCHINA14/TPStory/Busi- - ness
"Current prices pinch but are still acceptable. "
That really depends on who you talk to here in the U.S. I know people that live in rural North Dakota that live on a few hundred dollar social security check each month. The $4 a gallon gasoline is having a real impact. Many small town grocery stores have closed. These people usually have to drive anywhere from 10 to 40 miles to get to the nearest store or Wally Mart.
Just two weeks ago I was talking to a person from the far western part of the state. He commented that now when the wife says lets go into town he will say no more often than not. He wants to limit the 50 mile round trip to once a week or so.
http://www.reuters.com/article/marketsNews/idUSN1340931020080513
"We've never seen prices at this level. It really seems that it's had a material impact on consumers' driving patterns," said Michael McNamara, vice president of MasterCard Advisors.
Gasoline demand was down 7% from a year ago. "Such drops are unusual for the spring season"
"but not enough to compensate for the other countries gas consumption rise. "
It will be interesting to see how this develops - unless you are in one of the countries that cannot afford the diesel to run your electric generators.
I could be wrong, but I think we are getting close to the limit to what many people can handle. As they adjust gasoline consumption will likely level off world wide.
Do you base that on facts or just gut feeling? I think a $3 average over the next 5 years is more likely. If we go to $7 per gallon the EU will be at $10.
Are we talking AAA national average? Should we consider inflation?
people who live in the EU use far less fuel per person. they have a better rail system as well. You don't see the roads filled with big SUV's in Europe.
I would agree that all the diesel usage in the EU makes for some bad air quality in some of the busier cities.
I am sure what you say is true. That does not get to the issue which is finding an alternative to fossil fuel for our vehicles. I can tell you that a lot of people will still be driving big PU trucks and SUVs even when gas is $10 per gallon. If gas gets that expensive there will be a whole lot a people not able to get to work in this country.
We are spread out across this great land. As mentioned earlier there are people in states like ND that have a 50 mile round trip to go shopping. It was never a big issue until fuel prices started going crazy. Now that I am 14.8 miles from Costco I only go every two weeks. I make a list which is something I have never done in my life. I am fortunate that I don't have to make a budget. That would probably be the final nail in my coffin.
Phase #1 , the Hydro Assist Fuel Cell ( HAFC ) which the attach the 50% guaranteed MPG improvement and getting a 95% and as high as 300% has been on the market through their dealers since January . Their order backlog jumped from 2-4 week delivery to 10-12 . They have since caught up . They opened up a second factory in Canada .
Phase #2 , the " Pre Ignition Catalytic Converter ( PICC ) has been ready and submitted to EPA for approval since November . This is their Crown Jewel with which they'll be able to obtain 100 MPG on any vehicle including SUVs , V-8s or light trucks . Also recently submitted to CARB approval .
They already know that EPA is in collaboration with TPTB to suppress the PICC . What they'll accomplish is driving this technology overseas where they will be quite welcome and in fact under heavy solicitation to do so . The CEO wishes to keep the technology , the production and economical benefits in the U.S. , but ---- .
This year should be exciting
You don't really believe stuff like that? That is right up there with the Dead Drs Don't Lie tapes that made a lot of money as a MLM scheme. Any time someone gives me a line like: The CEO wishes to keep the technology , the production and economical benefits in the U.S
I smell a rat... You got sucked in buddy. Big time :sick:
Dennis Lee, through the companies United Community Services of America, Better World Alternatives, Better World Technologies, and a multi-level marketing network, promotes a variety of his inventions, including:
• A device that will enable your car to run on virtually any liquid, including pickle juice and Coke.
• A free electricity machine.
It goes on and on...
Lee and his promotion of such inventions have gotten him in trouble with attorneys general in several states, including New Mexico. In 2001, Attorney General Patricia Madrid obtained a restraining order against Lee and what she called his “free electricity scheme.”
“Mr. Lee is selling the promise of a product that does not exist,” Madrid said. “I do not want to see New Mexicans duped by this scheme.”
In 1999, the Wyoming attorney general’s office issued a warning to the public regarding Lee’s claims, characterizing them as being “calculated to confuse, deceive and ultimately, to defraud the public of large sums of money.”
The warning also noted that “Lee served two years in a California prison after pleading guilty to charges relating to misrepresentation and misappropriation of more than $800,000” and that he “has a history of arrests for fraud, forgery, passing bad checks and drug offenses.” The Wyoming AG’s office stated it was seeking an injunction against Lee and his associates to halt any further activities in Wyoming.
The AGs of several other states, including Oregon, Vermont, Maine, Kentucky and Tennessee, have taken action against Lee. The state of Washington fined Lee $65,000 in civil penalties and prohibited him from selling products in the state. The Washington AG said Lee violated that order last year and is now seeking to impose new penalties.
Further you could be breaking the law installing one of those devices.
The Environmental Protection Agency would not comment except to say, “Any device installed that modifies an engine is required to be reviewed by the agency because it might not pass emission standards. Additionally, all fuel additives need to be registered with the EPA.”
The EPA Web site contains a list of all fuel additives thus registered. “Covalizer conditioning fluid” is not on that list, nor is any fuel additive produced by any of Lee’s companies.
Are you one of those who " shoots the messengers " ??
What I've posted in regards to available technologies is factual and
I've refrained from posting URLs or the name of the company . The CEO has been
offered billions to just go away and shut up . He draws a weekly paycheck from the Corporation of $297.50 take home . Does that sound like an opportunist ?
There is a character assassin that has been paid $200,000 annually by TPTB for the past decade to aid in the suppression of this company's technologies . His lies know no limits . He does his assignment very well .
The truth is like cream , it eventually floats to the top . It's also like gold , you're not going to find it without some digging . Yet , the general populace will believe everything the Main Stream Media feeds them and regard it as gospel . Amazing !!
To simply jump onto the critic's bandwagon void of your own due diligence serves to aid and abet the suppressors .
He sounds like a con artist. The guy IS a con artist. He has spent time in Prison because he is a con artist. I don't watch the TV and believe little of what the mainstream media says. It don't take a degree in physics to know this is just a MLM scam.
You may wonder why I am such a skeptic. It is because I watched my mom and step dad get sucked in by every con artist MLM that came along offering huge rewards for pushing their product. The last one killed my mom. It was some mineral drink that clogged her kidneys and she died. It was part of that Dead Drs Don't Lie hoax. You can believe anything you want to believe. I would be careful calling others gullible.
The man you speak of is not a con artist . Yes , he was sent to prison " WITHOUT A TRIAL , WITHOUT A CHARGE and WITHOUT A CONVICTION " . What does that tell you about our Judicial system ?? TPTB will do anything to suppress anything that threatens their controls over the masses .
BTW , his " Free Electricity " technology was proven to be real in a Court of Law and that sir , is a matter of record .
"The automobile manufacturers collaborate in the schemes by introducing their computerized controls . These computers are programmed to go into default whenever they detect that the automobile's fuel efficiency has improved over the
setting by a significant amount for an extended period of time . Then the gain is eliminated ." What are you talking about? The computer controls monitor the intake and exhaust conditions to maximize efficiency. That these systems might not be compatible with the monkeying your system does is a GOOD thing.
"Why would the auto manufacturers join in on this fraud ?" They're Martians, trying to take over the earth, I guess!
"Gasoline as it's formulated only burns at 18% ." Pure nonsense. I hear this claim repeatedly. It is absolutely incorrect. I believe the 18% value is the amount of energy available in the gas that actually ends up propelling the car. The other 82% is lost to heat out the radiator and exhaust, and other inefficiencies inherent with internal combustion engines. Note: THOSE INEFFECIENCIES EXIST WITH GAS OR HYDROGEN, something all these hydrogen scams fail to mention.
"By converting it from liquid to vapor it will burn at 50%-60% leaving less sludge in the engine , thus instead of obtaining a 150,000 engine life it will last 500,000 miles life ." Another variation on another old scam, the vaporizer add-on. Very close to 100% of the gas burns in modern cars, there is no significant room for improvement there. Now mix up these claims with the oil-sludge problems (which had nothing to do with combustion, by the way) and the confusion is complete!
Yep, Gary, you smelled a rat. And you found it.
Not sure about your Williams book connection. I went to Alaska in 1970. Worked the last 25 years until I retired in Prudhoe Bay. There are no secrets about energy or oil supplies.
Dr. William Rhodes technology invented in the 1960s is gaining momentum both in research results, device improvements, and manufacturing. Dr. Rhodes claims are the earliest documented.
http://freeenergynews.com/Directory/RhodesGas/index.html
I am sure Dennis Lee would love to get billions for something he did not invent... He is probably happy with every $995 some one sends his way.
Dale, I have to ask you. what court and what was the court case number and date.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
"The automobile manufacturers collaborate in the schemes by introducing their computerized controls . These computers are programmed to go into default whenever they detect that the automobile's fuel efficiency has improved over the
setting by a signifigent amount for an extended period of time ." :surprise:
I see from a European perspective that US price still look cheap and that despite high prices, European gas consumption is only very slowly decreasing.
One can argue that Europe economies are heavily subsidized and that alternative transports are more developed.
I can't help but think that unless the majority of the world comes to pay current European gas prices, Consumption growth won't be curbed enough as to stop oil hikes.
But your reasoning makes sense and we could well see gas stabilizing at $5 which would show me I was wrong.
In this context, an increase in US gas tax would be a very bold move. I don't think it is going to happen so the market will do it in place.
Regards,
OW
BTW , the statements I've made can all be proven . There's one of their dealers that made a $5,000 challenge to the super critics . At first they jumped right on it , but have since went silent . I find that quite comical . How about you ? Do you want to put your money where your mouth is ? If they can't obtain a 50% fuel efficiency on an vehicle of your choice you'll be $5,000 richer . Easy money , right ?
Yes , the manufacturers computers are set to maximize the fuel efficiencies - THAT WHICH THEY ARE SET FOR !! And yes , their computer will detect any attempts to , as you say it , MONKEYING with it's setting . These settings are not set for the benefit or advantage of the consumer .
" Pure nonsense " ?? BTW , hydrogen is not a fuel . It's a method of storage . Gasoline contains other hydrocarbons that aren't generally being consumed thus
the sludge and waste . The HAFC vaporizes and cracks these hydrocarbons into smaller molecules and broadens the burn time so these other gases can be utilized for power . The catalytic converter is designed to burn this before it's released into our atmosphere . Why not recirculate it through the intake , burn it in the engine and utilize the additional power ? That's what the PICC does and the exhaust only contains water and oxygen .
Hey , you don't have to be a believer . Just continue paying the REAL fraudsters . They love ya !!
Marty-it was the flux capacitor kicking in. Electric automotive technology is not new, however, solving the problem of short ranges needs to be done before I will bite at buying one of them. I need another 100 miles of range before I'll part with any of my Arizona money. Anyone want to start up an all-electric car company with me?
2021 Kia Soul LX 6-speed stick
Thats pretty much what you have been doing.
There's one of their dealers that made a $5,000 challenge to the super critics
May I ask who made this challenge.
2011 Hyundai Sonata, 2014 BMW 428i convertible, 2015 Honda CTX700D
Are you one of those who " shoots the messengers " ??
Smells like a total fraud to me and I think you are just here to promote the gizmo.
In any event, this topic is being discussed in the Hydrogen Fuel Cell Cars discussion so we're done with it here and any further posts about it will be removed.
ZAP-X is a Crossover Electric Vehicle designed by ZAP Motors and Lotus Engineering derived from the Lotus APX concept platform. The vehicle is estimated to be launched in 2010. The company claims that this car would be powered by a four in-wheel electric motors that generates 644 bhp (480 kW/653 PS) and reaches 350-mile or 560 km with a single charge. It also boasts a top speed of 155 mph or 249 km/h, acceleration of 0–60 mph in 4.8 s and a 10 min recharge time.
ZAP, in partnership with Lotus Engineering have designed a new EV that will result in one of the most advanced electric cars ever developed. The aptly-named ZAP-X Crossover does potentially offer a very real transition option from conventional combustion vehicles, as the short-falls of electric vehicles have been almost completely eradicated in this new design. The award-winning APX lightweight aluminium architecture allows for unparalleled performance and usability. The drive system comprises of innovative electric motors inside each of the wheels, which in partnership can deliver up to 644 horsepower, and speeds of 0-60mph in 4.8 seconds, up to a maximum speed of 155mph. The power system enables the vehicle to travel up to 350 miles before needing a charge, and the new rapid-charge technology allows for battery recharging in as little as 10 minutes. Seating allows for up to 7 passengers (not a type-o) and some very cool new gadgets included as standard too, such as touch-screen controls, Wi-Fi, Bluetooth, High-Res Video, Windows XP, iPod Ready, firewire, GPS, USB2 and more! Regenerative braking as standard, and energy collecting windows and windshields allow for some additional charging, too.
With everything you’d want out of a conventional sports car, it also has the versatility of being used as a family vehicle too!
Give me a break...I WANT THIS NOW!
Regards,
OW
Sufferin' succatash! Bring on the electric vehicles! Time to energize!
2021 Kia Soul LX 6-speed stick
http://www.reason.com/news/show/125414.html
Many attribute the price rise to soaring demand from China and India. Certainly the demand for oil from China and India will effect the price to some degree but I suspect the analysts are over-predicting the effect of the price rise on their demand. Between them China and India consume only about 9 million barrels per day compared to the 22 million barrels consumed in the US. Their predicted annual growth rate is 10%. Even if they meet it it will still amount to less than 1 million barrels per day which production levels can absorb, particularly if US consumption decreases. Their "exploding" middle class is still a very small number considering that their per capita income is less than $2,000 per year. Their middle class will have difficulty paying for the oil as well so I suspect the 10% growth rate prediction is optimistic.
It may take a few years for this to happen. Let's just hope that when it does we don't return to driving SUVs again and cause another spike in prices as we did in 1973 and 1983.
One could very DEFINITELY argue that...outside of major cities, our mass transit systems is underdeveloped at best, and nonexistent at worst. And to be honest, given the sheer square mileage involved, initial setting up new rail lines is an extremely expensive proposition, so we would probably have to be paying MORE than Europe for that to happen.
We have the miracle 100 mpg carburetor. We have the 'your car can run on urine' engine conversion. We have the all-electric supercar with UP TO 644 hp, that goes UP TO 350 miles, and recharges in AS LITTLE AS 10 minutes.
And if those transparent qualifiying phrases don't give you a clue, re-read this tasty little piece of propoganda:
"The drive system comprises of innovative electric motors inside each of the wheels, which in partnership can deliver ....."
The grammatical errors and odd sentence structure make this sound like a solicitation for a Nigerian bank scam. "You, with wisdom of which is infinite, have thus my selection to offer assist in the freedom of moneys. Said moneys where an amount to exceed $7,000,000 US to transfer to your account in domestic, before which time I shall receive your bank account informations and security of social number."
The 'copy-n-paste' routine is getting old, and so is the "check out this website" thing. Yes, OPEC and oil companies are benefitting from widespread fraud in the oil markets. No, they're not putting out a hit, taking out a contract, green lighting, or whatever catchy little phrase is hip these days, on the guy who invented the 100 mpg carburetor.
Yes, most of us know we're getting scammed at the gas pump. No, we're not goint to fall for another scam just because some 14-year-old in his underwear on a computer in his parents' basement has maxed out the stolen credit card number on internet porn sites, but he's too hyped up on Red Bull and pizza to fall asleep, and he thinks he can make some easy money by trolling discussion forums.
.
Didn't it used to be Mountain Dew and Twinkies? Ahh, I remember the energy rush of those days, heh.
You know, I wonder if we can convert them to some sort of automotive fuel? :shades:
I think converting them all to Soylent Green to feed the starving masses would be a better plan....
I think the Saudi's are saying the same thing as Bailey in your article. We have a good supply. I think the bulk of the price is an oil speculation bubble. You have a lot of investors that have a lot of cash. It is worthless in the Money Market. Real Estate is shaky. The stock market is like a roller coaster. So why not trust the ONE thing we all need OIL. Some are trusting in Gold. Both are over inflated in my book.
I do not remember the SUVs being popular until the 1990s. Probably the most in your face decadent period in our countries history. My 1984 Ford Bronco was small by todays standards. I never got under 17 MPG with a 4 speed and 6 cylinder engine. I loved that SUV. Then came that POC Bronco II. I switched to GM PU trucks. My first new SUV was the 1964 Toyota Land Cruiser. It was small compared to the Big 3 boats wallowing down our highways. If you are going to have an SUV you should at least take it off road now and then. I will agree most never see a sandy wash or a rutted back road.
Thought about this some more overnight. Maybe you can give us some analysis on how people making less than 50K a year can handle the increase? Make sure you factor in the increasing costs for heating oil, natural gas, electricity and food. Here are a few web sites to get you started.
http://www.bls.gov/cex/csxann05.pdf
http://en.wikipedia.org/wiki/Household_income_in_the_United_States
http://en.wikipedia.org/wiki/Personal_budget
You may also want to tell us what will happen to the sales of larger vehicles as gasoline climbs past $5 or $6 a gallon. Hint, you can look at vehicle sales the last couple of months and do a projection.
And, so that we are comparing apples to apples, I suggest you use AAA numbers based on 2007 dollars. Make sure you think big picture. Look at how $4 a gallon is changing the entire U.S.
We await your expert analysis. :shades:
Gas Prices this decade ( last 6 yrs )...:
http://www.gasbuddy.com/gb_retail_price_chart.aspx
In this same time frame large relatively inefficient vehicle sales have declined over 1 million units annually.
But...
Here is a rational proposal IMO for good use of our tax dollars. It may actually help save some of the large SUVs down the road. Both proposals ( PHEV tax credits and cellusoic ethanol production/implementation ) will reduce the outflows of money from this country to other countries.
http://blogs.edmunds.com/.eea756e
I agree that we could see a bit of a correction in the next few years. A price of $60 to $70 a barrel is a little low from what I can tell. The EIA has stated that offshore oil production was costing $69.75. If the price drops down in the $60 range new offshore projects will start to get canceled. As the supply decreases prices will start rising again.
http://www.eia.doe.gov/emeu/perfpro/tab12.htm
And as a reminder, OPEC countries like oil prices where they are now. Look at the demographics of KSA or all the building projects going on in the UAE. If oil prices start dropping they will start limiting supply. They will also cancel new oil and natural gas projects. It would make no sense for them to spend hundreds of billion of dollars to expand if prices drop back down.
", particularly if US consumption decreases. "
If gasoline goes back to $2 a gallon consumption in the U.S. will start increasing again. People that might be canceling driving vacations this year will certainly take them if the price is only $2 a gallon.
"Even if they meet it it will still amount to less than 1 million barrels per day which production levels can absorb"
I don't know about that statement. I keep reading about how Mexican oil production has dropped but their consumption of gasoline and diesel keeps rising. Russian oil production has leveled off a bit in the last few months. Is this a sign that they have peaked? Alberta and Alaska recently increased taxes which will result in some oil projects getting canceled.
We probably should not start a new forum titled "What will you do when gas price drops to $2 a gallon?"
I am more optimistic about gas prices than most. I would be real surprised if gas drops below $3 this year. I think that Congress will watch real close and stick US with more tax if the price drops much. They know we will accept $4 gas without burning down buildings and shooting politicians. They feel empowered to stick it to US. They are also looking at CO2 reduction taxes. They would likely be added onto our fuel source.
I do think there would be a big surge in usage if the price dropped radically. As far as vacations. I just read that Disneyland and Disney World are up this Spring by 28%. When I was in Hawaii they were saying their tourism is up 18% over last year. I think it is mostly foreign tourists. With the dollar in the toilet we are a bargain vacation location.
Other topics discussed were not only the unsustainability of the suburban model, but of cities themselves.
One part that made me really angry was a portion where a bunch of people from South Central Los Angeles planted a 14-acre community garden only to have it torn up by some developer as part of a shady back door deal with city council.
The movie had a very left wing feel to it, but did present a lot of interesting arguments and solutions that can be made on an individual and local basis.
since we are spread out more than the EU, then we have more desire/need to stick to the auto. This should be reason enough to created the demand for better fuel effenciency or alternatives to fossil fuel cars.
I still think GM has an excellent engine in the 3.8 V-6 which so many people criticize as being old-fashioned. It is reliable, efficient, and delivers decent power while remaining quite fuel efficient.
The world's reserve oil capacity was primarily in the hands of the Saudis. They used to have considerable reserve capacity. My best guess is that they now have much less. Here in the States, even if current consumption stays flat, we will still have to import more oil each year. Since 1970 our production has declined by around -1.38% per year through 2006 (I based that on BP production stats).
New global production will have to meet both increasing global demand and declines from existing fields. Whether it will or not is open to question... personally I suspect that the best way to determine the answer to that question is to simply observe the price trend for oil over the rest of this year. Even Daniel Yergin of CERA, who has been famously bullish on a plentiful oil supply is now backing away from that position and suggesting much higher prices for crude.
As for gas heading back down, forget about it. Refinery margins are extremely tight and that alone will prevent a price fall back.
And what are we doing in this country? The gov is talking about suing OPEC. Great idea:) But don't drill off the California coast or, heaven forbid, ANWR.
But Soylent Green is people, Twinkies are not. On the other hand, some people are Twinkies so maybe it would be alright. I'm so confused. Could you give me more info on how to get in on that Nigerian money deal? :confuse:
2019 Kia Soul+, 2015 Mustang GT, 2013 Ford F-150, 2000 Chrysler Sebring convertible
How do you know that for a fact? God only knows what goes into a Twinkie nowadays! :P
Next thing you know they'll be breeding us like cattle.