Forecast: oil prices to hit 70$ per barrel border

[SLCPUNK]

So demanding accountability=speaking out against your country?

Yes.

I guess you definition of "speaking out against your country" would be bad.

In my book, calling somebody on a pack of lies, and war crimes, is the most patriotic thing I can do.

The legal definition of what you're doing is sedition and during world war 2 would probably have gotten you locked up.

Funny...that sounds like the country we are trying to liberate. 

Your Amerika sure is different than mine. Sounds like you'd prefer a dictatorship, lock 'em up if you don't like what they say.

 

[Where is Hassan Nasrallah ?]

Kitano, the definition of what you've been force fed is propaganda.

I sure am glad that we have such a wonderful rail system in this country to help offset the gas prices.? Oh wait, that's Europe, not oil junky US.

You may not have noticed this but your trains run on diesel.  Higher oil prices mean higher ticket prices on your "workers transport".

my trains runs on electricity, that comes from nuclear plants.

it's not like george bush and his coal .... ?___?

ps: you don't deserve the name Kitano ....

[Will]

Thats why we are trying in France at least to get our public transportation to work exclusively on electricity, so we dont have to rely on oil for that.

Edit, damn, missed a page and didnt see Bessam's reply lol

[nesquick]

Will said it correctly. Don't waste your time hating someone. It's the most worthless emotion.

Very true. if axl could hear that and give a call to Slash... But well, it's kinda off-topic, it was just a little mention.

[SLCPUNK]

Kitano, the definition of what you've been force fed is propaganda.

I sure am glad that we have such a wonderful rail system in this country to help offset the gas prices.  Oh wait, that's Europe, not oil junky US.

You may not have noticed this but your trains run on diesel.  Higher oil prices mean higher ticket prices on your "workers transport".

my trains runs on electricity, that comes from nuclear plants.

it's not like george bush and his coal .... ?___?

ps: you don't deserve the name Kitano ....

Owned!!!!



Maybe we should take note of the Europeans? Or no?

[Prometheus]

well if we are going to profile tehm........

[SLCPUNK]

Nuclear is the way to go I think, but we are so far away from anything like that here. I am afraid we will dick around until it's too late. There is a chance oil could be used up one day............

[Prometheus]

Nuclear is the way to go I think, but we are so far away from anything like that here. I am afraid we will dick around until it's too late. There is a chance oil could be used up one day............

 the chance is rather high..... lol


but for really clean nuke.... we should be looking towards India... tehy got some new type of plant that they are building..... going to be amazing... uses some rather abundant material that is found in regualr dirt..... but in the best concentrations with uranium......... god i wish i could remember it...... time to goolge.......thorium


there ya go

hers teh link

http://www.uic.com.au/nip67.htm

3 times more abundant then uranium

[SLCPUNK]

Nuclear is the way to go I think, but we are so far away from anything like that here. I am afraid we will dick around until it's too late. There is a chance oil could be used up one day............

 the chance is rather high..... lol


but for really clean nuke.... we should be looking towards India... tehy got some new type of plant that they are building..... going to be amazing... uses some rather abundant material that is found in regualr dirt..... but in the best concentrations with uranium......... god i wish i could remember it...... time to goolge.......thorium


there ya go

hers teh link

http://www.uic.com.au/nip67.htm

3 times more abundant then uranium

Very interesting.....

Based on the reserves it appears that  Australia is the next country we will liberate after we team up with India......

Seriously though, that is very interesting. I wish somebody here would put money into R and D and have a working model in the next 10-15 yrs. Oil will run out eventually. Even if it does not right away, the time leading up to the end of the hydrocarbon man can, and will be...ugly.

[Prometheus]

agreed here....its funny were looking at different things for power production for my provience for teh short to mid term future..... so were going to do my hydro... but if we can get something going with india it would be great for us to do be at the leading edge in canada.... and well NA.... and the way we are we would gladly help out the poor impovrished country of the US with our magical technology

[SLCPUNK]

Gasoline Futures market going berserk

At one point they hit $3 a gallon wholesale for delivery in Sept/Oct. That means Euro-style pump prices are coming to America. Time to sell your gas hog is now.

A one dollar a barrell jump usually takes months to happen, and now we are seeing it daily. No telling what is going to happen.

I wish I had never sold my old 1981 Mercedes diesel. That thing was awesome in it's on right: old, cool, big, slow, safe, easy to work on, cheap, and reliable...but I also could have converted it to run on veggie oil. I may start looking for one soon.

[SLCPUNK]

Here is an interesting older article....


While U.S. backslides, France has cut oil use

October 7, 2004

By Jad Mouawad New York Times

The United States, land of gas-guzzling SUVs and air-conditioned McMansions, might do well to turn to the country Americans love to hate for lessons on how to curb its reliance on imported oil: France.

Now that oil has reached at least $50 a barrel and the world is coming to expect relatively high oil prices to last a long time, experts say that a rethinking of America's wasteful ways is once again an urgent undertaking.

And like it or not, France, whose perceived diplomatic obstructionism in the run-up to the Iraq war provoked a boycott of French products, has displayed a quality ripe for import: an impressive tenacity in waging what the French call the war on gaspi, short for gaspillage, or waste. It has also done so in a way that the United States has not been able to: over the long term.

Spurred by the oil shocks of the 1970s, France embarked on a vast state-led drive to flush as much oil from its economy as possible. With the national slogan at the time, "We don't have oil, but we have ideas," it accelerated the shift of electricity production from oil-fired power plants to nuclear reactors, increased taxes on gasoline to the equivalent of $3.75 a gallon, encouraged the sale of diesel-powered cars and gave tax breaks to energy-hungry industries like aluminum, cement and paper to shift from oil to other fuels.

It worked. In contrast to the United States, where oil consumption initially fell but then ended up rising by a total of 16 percent from 1973 to 2003, in France, despite some increase in recent years, oil use is still 10 percent lower today than it was three decades ago, according to the U.S. Energy Information Administration. (Germany also matched France's record.)

"Americans have completely abandoned their efforts at energy conservation over the past decade and have been incredibly carefree about oil consumption because they believed they would get access to cheap energy ? through force if necessary," said Pierre Terzian, an energy specialist who runs the Paris-based consulting firm PetroStrategies.

The contrast between French resolve and American abandon in recent years is sharp. The United States, too, took the high road in the 1970s and early '80s, when the combined effect of the 1973 oil embargo, the growing power of OPEC and the Iranian revolution of 1979 created long gas lines and raised the prospect of an oil producers' stranglehold over the American economy.

The price of Arabian light crude rose from $1.85 a barrel in 1972 to $40 in 1981, or $80 in today's dollars.

Americans responded with a nationwide speed limit of 55 mph, a home-insulating boom and a blossoming of energy-technology start-ups to help businesses cut their energy bills. Vast improvements came in the home-appliance industry: Refrigerators, for example, now consume a third of the energy needed 30 years ago.

But slowly, the nation resumed old habits. By the late 1980s, with the economy booming and oil prices below $20 a barrel, gas guzzlers were back, cars raced along highways at 75 mph with impunity and new vehicles' average mileage per gallon, which had almost doubled to 27.5 in 1987 from 14 in 1972, slipped back to 24 mpg, compared with Europe's 36.

In the 1990s, the United States, which represents roughly 24 percent of world economic output and an even lower share of industrial production, nonetheless accounted for a third of the growth in demand for global oil.

A big reason for the policy divide, said Amy Jaffe, the associate director of Rice University's energy program, is a cultural contrast of two sharply opposed ways of looking at the world.

"In the United States, we try to control things over which we have no control, like Russia or Saudi Arabia, instead of looking at what we could do inside," Jaffe said. "We're like drug addicts. We're looking around for another dealer instead of going to detox."

But with oil now at $50 a barrel, double what it was two years ago, and with many analysts expecting substantially higher energy prices in the next decade than during the 1990s, some experts are saying that both government and industry are going to need to do some fundamental rethinking of some basic policies.

"The lack of emphasis on demand in the past 20 years in the United States has a lot to do with the predicament we're in now," said Ashok Gupta, an economist with the National Resources Defense Council. "We need to look at what it will take to get manufacturers to offer technologies that people want."

One obvious step, which politicians are loath to even mention, would be to increase taxes on gasoline. Here again, the divergence between the United States and Europe is instructive. To encourage the use of mass-transit systems and finance their development, European governments impose generally high taxes on gasoline. French drivers pay more than $5 a gallon for gasoline, $3.75 of that in taxes, compared with $1.90 a gallon on average in the United States, with only 41 cents of that going to taxes.

To be sure, the depiction of the United States as the world's energy wastrel and of France as a model of virtue can be overdrawn. All developed countries have significantly improved their energy efficiencies in manufacturing and construction since 1973. Moreover, oil's slice of global energy demand has fallen to 35 percent today from 45 percent 30 years ago.

Still, oil will remain the main source of energy for decades to come, and official projections still show oil consumption in the United States rising by 43 percent by 2025.

But rising prices could go a long way to damp demand.

"The question is, How much do prices have to increase for attitudes to change?" said Gupta of the National Resources Defense Council.

[Carlos_f_Rose]

I read that the price of oil will hit 112 $  to 120 $ wich means that Venezuela will take over the world... nah just kidding, but they will keep on pissing USA off.. hehe

                                   @;---,----.--.-,-.-,-.,-------- TPR

[SLCPUNK]

I read that the price of oil will hit 112 $  to 120 $ wich means that Venezuela will take over the world... nah just kidding, but they will keep on pissing USA off.. hehe

                                   @;---,----.--.-,-.-,-.,-------- TPR

They could wreck us financially as could China and Japan. If we piss these guys off enough with our plans for world domination, they could attack our economy and it could be devastating. Just a small percentage of our oil supply being cut, or slowed even could make prices sky rocket.

[Charity Case]

They could wreck us financially as could China and Japan. If we piss these guys off enough with our plans for world domination

 

What plans?

[Izzy]

They could wreck us financially as could China and Japan. If we piss these guys off enough with our plans for world domination

 

What plans?

That's what u get for being late to meetings!

[Charity Case]

Well with 5 meetings a day I sometimes have to pick and choose.

[Carlos_f_Rose]

Well certainly Venezuela and the rest of the countries members of the OPEP (I dont know how you write it in English, but its the organization or countries producing oil) are in a very powerful place, lets hope that they take advantage of their position specially Venezuela...

Chavez rules...

                @;---,----.,-.-,-.-,.-,-,-------- tpr

[SLCPUNK]

Many of these countries hold huge amounts of our debt, and if they choose to dump it, we could be in for real trouble. These nations understand that war not need be fought with bullets and bombs, but rather economically. They (as many other countries) are growing tired of our actions and probably willing to do something about it.

We are the largest debtor nation on earth. We have spent the farm, and live on credit. Over the past three decades, we have given China and Japan trillions and trillions of dollars in cash in exchange for cheap junk (and great cars), much of which they put in the bank. We have given them the means and the power to destroy us simply by continuely bidding up the price of oil.

If the Chinese and Saudi quit buying our debt, never mind dumping it, it could cause a serious economic depression in this country. Which I think (sadly) we are headed.

[Carlos_f_Rose]

The whole world is suffering because of U.S.A. ambitions maybe its time of a change....

                                     @;---,.---.,--------tpr)