Goodby cheap oil, so long suburbia

Discussion in '2008 Archive' started by Crabtownboy, Apr 30, 2008.

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  1. Crabtownboy

    Crabtownboy
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    Folks, I hate to say it, but I really believe we are in for some very bad times and it will be hard to adjust.

    http://tinyurl.com/5sd2jd





    (Edited by 'tiny URL' because link was offsetting page.)
     
    #1 Crabtownboy, Apr 30, 2008
    Last edited by a moderator: May 1, 2008
  2. Revmitchell

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    Since it is completely untrue that we are running out of oil the whole premise of this articel is false and not credible.
     
  3. billwald

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    We will never run out of oil because as the price increases the uneconomical uses will disappear.

    No one can explain to me why wholesalers and retailers should charge less than people are willing to pay. As long as profits increase as sales increase prices should be raised. When the point is reached that rising prices cut profits then prices will stop rising. This will not happen until people find a more economical substitute.

    All you people who, in the last 5 years bought a house 10 miles from your work and a new 15 MPG SUV to make your commute . . . didn't you know that gas was going to 4 or 5 dollars? Are you surprised that gas has jumped? Why? How else could it be?

    You all married folk with 2 working parents, one with a minimum wage job . . . maybe it is no longer cost effective for one of you to drive to work. Stay home and home teach your kids. Going to work is expensive.

    You want a job in the city and a house in the country? You want. . . you want . . . stop buying your wants on credit. I should feel sorry for you that you can't have everything you want? Breaks my heart.

    Yes, there are low income people out there that are breaking their backs and losing ground but they are probably not in this list. They don't have the time to waste as I do.
     
  4. KenH

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    It is true that over the next decade that we will run out of the cheapest, most easily accessible crude oil, according to the president of Shell Oil Co.:

    HOFMEISTER: Well, I think there is some argument [that] with convenient, easyoil we will peak sometime in the next decade. I think Shell sees that coming, but in terms of total oil supply to the world, we're a long way from reaching peak oil because it doesn't take into account unconventional oil.

    - www.cnn.com/2008/US/04/30/shell.qa/index.html
     
  5. Revmitchell

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    It is not true. We just need to drill more. Plenty of undrilled sources.
     
  6. KenH

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    Pastor Mitchell thinks he knows more about the oil business than the president of Shell Oil Co. Now that's funny. :laugh:
     
    #6 KenH, Apr 30, 2008
    Last edited: Apr 30, 2008
  7. windcatcher

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    Contrare, my dear! The president of Shell Oil Company publishes what he wants you to hear and believe. Company secrets are kept, and one of them is the extent of the oil fields. In a sense, 'he who controls the oil controls the world.'

    (A good exercise, what other things create a position of control? Food perhaps? How about health care? How about water? How about clean air? How about energy to run our homes? How about monopolizing media news? What's next..... the Internet? ......organized religion?)

    What we think is the high price of oil is really a reflection of the devaluing of our dollar in the global market. Money doesn't obtain value by printing it: Paper gains its value by something of value backing it. The more money that is printed, the lower the value unless something is added on the other end. Food is going up. Milk prices especially. Locally the shelves are well stocked. The price isn't due to demand; The price is due to the drop in the value of our dollar in a global economy.
     
  8. KenH

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    Not nowadays under Sarbanes-Oxley requirements.
     
  9. Ed Edwards

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    //All you people who, in the last 5 years bought a house 10 miles from your work and a new 15 MPG SUV to make your commute . . . didn't you know that gas was going to 4 or 5 dollars? Are you surprised that gas has jumped? Why? How else could it be?//

    I retired. I went into an auto sales and had a fitting for a sub-compact. My car payment won't be as big as my pills payments.

    If I were younger, i'd get a job where i could cyber-commute to work.
     
  10. Ed Edwards

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    Windcatcher: //The president of Shell Oil Company publishes what he wants you to hear and believe. Company secrets are kept, and one of them is the extent of the oil fields. In a sense, 'he who controls the oil controls the world.'//

    I read a geography book and my first father-in-law was an Oil Field pumper. Via Google Maps, the president of Shell Oil Company can't hide that stuff from anybody except those who only read consipiracy sights. As the tree huggers note: "the problem is Soccer moms who love SUVs".
     
  11. webdog

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    Analysts predict it will reach $120 a barrel...and then due to supply and demand, level back out at $60. That's about $2.30 a gallon. It won't last long.
     
  12. hillclimber1

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    I agree. The OPEC ministers meet each year and decide how much oil to pump. That right there is a big tool that greatly helps decide the cost of our oil.

    As long as we continue to ignore these strategies, these manipulators will continue to extract every dollar they can. Meanwhile, we keep our known (and unexplored) oil deposits undeveloped, and will continue to help finance the evil interests of those in that region.

    And I believe Mr. Hofmeister is being somewhat PC and disingenuous.
     
  13. Revmitchell

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    We need to tell the environmentalists to take a long walk off a short peer and drill in the gulf and Alaska.
     
  14. I Am Blessed 24

    I Am Blessed 24
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    When I bought my new (used) car 2 years ago, it cost me $25.00 to fill the gas tank. I am going on a week-end trip to my daughter's wedding and last night it cost me $55.00 to fill the gas tank. And that's all I have to say about that...
     
  15. Crabtownboy

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    Oil Reserves --
    2006

    Rank Country Proved reserves
    (billion barrels)
    1. Saudi Arabia 264.3
    2. Canada 178.8
    3. Iran 132.5
    4. Iraq 115.0
    5. Kuwait 101.5
    6. United Arab Emirates 97.8
    7. Venezuela 79.7
    8. Russia 60.0
    9. Libya 39.1
    10. Nigeria 35.9
    11. United States 21.4
    12. China 18.3
    13. Qatar 15.2
    14. Mexico 12.9
    15. Algeria 11.4
    16. Brazil 11.2
    17. Kazakhstan 9.0
    18. Norway 7.7
    19. Azerbaijan 7.0
    20. India 5.8

    http://74.125.39.104/search?q=cache:j6MPgEchqJgJ:www.infoplease.com/ipa/A0872964.html+oil+reserves&hl=cs&ct=clnk&cd=3&gl=cz

    Oil Usage

    Rank Countries Amount (top to bottom)
    #1 United States: 20,730,000 bbl/day
    #2 China: 6,534,000 bbl/day
    #3 Japan: 5,578,000 bbl/day
    #4 Germany: 2,650,000 bbl/day
    #5 Russia: 2,500,000 bbl/day
    #6 India: 2,450,000 bbl/day
    #7 Canada: 2,294,000 bbl/day
    #8 Korea, South: 2,149,000 bbl/day
    #9 Brazil: 2,100,000 bbl/day
    #10 France: 1,970,000 bbl/day
    #11 Mexico: 1,970,000 bbl/day
    #12 Italy: 1,881,000 bbl/day
    #13 Saudi Arabia: 1,845,000 bbl/day
    #14 United Kingdom: 1,827,000 bbl/day
    #15 Spain: 1,573,000 bbl/day
    #16 Iran: 1,510,000 bbl/day
    #17 Indonesia: 1,168,000 bbl/day
    #18 Taiwan: 965,000 bbl/day
    #19 Netherlands: 946,700 bbl/day
    #20 Thailand: 900,000 bbl/day
    #21 Australia: 877,300 bbl/day
    #22 Singapore: 800,000 bbl/day
    #23 Turkey: 715,100 bbl/day
    #24 Belgium: 641,000 bbl/day
    #25 Egypt: 590,000 bbl/day
    #26 Venezuela: 560,000 bbl/day
    #27 Malaysia: 515,000 bbl/day
    #28 South Africa: 502,000 bbl/day
    #29 Argentina: 470,000 bbl/day
    #30 Poland: 445,700 bbl/day
    #31 Greece: 435,700 bbl/day
    #32 United Arab Emirates: 400,000 bbl/day
    #33 Iraq: 377,000 bbl/day
    #34 Sweden: 362,400 bbl/day
    #35 Philippines: 342,000 bbl/day
    #36 Kuwait: 335,000 bbl/day
    #37 Portugal: 332,000 bbl/day
    #38 Pakistan: 324,000 bbl/day
    #39 Nigeria: 290,000 bbl/day
    #40 Hong Kong: 285,000 bbl/day
    #41 Ukraine: 284,600 bbl/day
    #42 Austria: 282,000 bbl/day
    #43 Colombia: 269,000 bbl/day
    #44 Switzerland: 268,100 bbl/day
    #45 Israel: 249,500 bbl/day
    #46 Norway: 244,300 bbl/day
    #47 Chile: 238,000 bbl/day
    #48 Libya: 237,000 bbl/day
    #49 Puerto Rico: 234,000 bbl/day
    #50 Algeria: 233,000 bbl/day
    #51 Vietnam: 230,000 bbl/day
    #52 Syria: 230,000 bbl/day
    #53 Kazakhstan: 222,000 bbl/day
    #54 Finland: 220,400 bbl/day
    #55 Romania: 212,000 bbl/day
    #56 Cuba: 204,000 bbl/day
    #57 Czech Republic: 203,100 bbl/day
    #58 Ireland: 182,400 bbl/day
    #59 Denmark: 171,000 bbl/day
    #60 Morocco: 170,000 bbl/day
    #61 Belarus: 165,000 bbl/day
    #62 Peru: 156,000 bbl/day
    #63 New Zealand: 150,600 bbl/day
    #64 Uzbekistan: 148,000 bbl/day
    #65 Ecuador: 148,000 bbl/day
    #66 Hungary: 132,000 bbl/day
    #67 Bulgaria: 131,400 bbl/day
    #68 Dominican Republic: 127,000 bbl/day
    #69 Azerbaijan: 120,000 bbl/day
    #70 Virgin Islands: 115,000 bbl/day
    #71 Lebanon: 107,000 bbl/day
    #72 Jordan: 107,000 bbl/day
    #73 Turkmenistan: 95,000 bbl/day
    #74 Croatia: 93,000 bbl/day
    #75 Tunisia: 89,000 bbl/day
    #76 Serbia and Montenegro: 85,000 bbl/day
    #77 Yemen: 85,000 bbl/day
    #78 Bangladesh: 85,000 bbl/day
    #79 Sri Lanka: 82,000 bbl/day
    #80 Qatar: 80,000 bbl/day
    #81 Panama: 79,000 bbl/day
    #82 Slovakia: 74,000 bbl/day
    #83 Guatemala: 73,510 bbl/day
    #84 Jamaica: 72,080 bbl/day
    #85 Netherlands Antilles: 70,000 bbl/day
    #86 Sudan: 66,000 bbl/day
    #87 Luxembourg: 62,420 bbl/day
    #88 Estonia: 60,000 bbl/day
    #89 Oman: 60,000 bbl/day
    #90 Lithuania: 56,000 bbl/day
    #91 Kenya: 55,000 bbl/day
    #92 Slovenia: 53,000 bbl/day
    #93 Angola: 48,000 bbl/day
    #94 Latvia: 47,000 bbl/day
    #95 Bolivia: 47,000 bbl/day
    #96 Costa Rica: 44,000 bbl/day
    #97 Ghana: 44,000 bbl/day
    #98 El Salvador: 43,000 bbl/day
    #99 Armenia: 41,000 bbl/day
    #100 Uruguay: 38,100 bbl/day
    #101 Honduras: 37,000 bbl/day
    #102 Trinidad and Tobago: 34,000 bbl/day
    #103 Senegal: 31,000 bbl/day
    #104 Ethiopia: 29,000 bbl/day
    #105 Tajikistan: 28,000 bbl/day
    #106 Bahrain: 27,000 bbl/day
    #107 Paraguay: 27,000 bbl/day
    #108 Bahamas, The: 27,000 bbl/day
    #109 Nicaragua: 25,200 bbl/day
    #110 Albania: 25,200 bbl/day
    #111 Korea, North: 25,000 bbl/day
    #112 Mauritania: 24,200 bbl/day
    #113 Cameroon: 24,000 bbl/day
    #114 Gibraltar: 24,000 bbl/day
    #115 Côte d'Ivoire: 23,000 bbl/day
    #116 Tanzania: 23,000 bbl/day
    #117 Bosnia and Herzegovina: 23,000 bbl/day
    #118 Macedonia, Republic of: 23,000 bbl/day
    #119 Zimbabwe: 22,500 bbl/day
    #120 Mauritius: 21,500 bbl/day
    #121 Iceland: 20,560 bbl/day
    #122 Burma: 20,460 bbl/day
    #123 Malta: 19,000 bbl/day
    #124 Papua New Guinea: 18,000 bbl/day
    #125 Namibia: 18,000 bbl/day
    #126 Guam: 16,000 bbl/day
    #127 Brunei: 14,900 bbl/day
    #128 Madagascar: 14,500 bbl/day
    #129 Togo: 14,000 bbl/day
    #130 Benin: 14,000 bbl/day
    #131 Moldova: 14,000 bbl/day
    #132 Georgia: 13,000 bbl/day
    #133 Gabon: 13,000 bbl/day
    #134 Zambia: 13,000 bbl/day
    #135 Macau: 12,360 bbl/day
    #136 Djibouti: 11,900 bbl/day
    #137 Haiti: 11,600 bbl/day
    #138 Nepal: 11,550 bbl/day
    #139 Mozambique: 11,500 bbl/day
    #140 Botswana: 11,500 bbl/day
    #141 Mongolia: 11,220 bbl/day
    #142 Guyana: 11,200 bbl/day
    #143 Suriname: 11,200 bbl/day
    #144 Barbados: 11,000 bbl/day
    #145 Uganda: 10,890 bbl/day
    #146 New Caledonia: 10,000 bbl/day
    #147 Kyrgyzstan: 10,000 bbl/day
    #148 Fiji: 10,000 bbl/day
    #149 Guinea: 9,650 bbl/day
    #150 Congo, Democratic Republic of the: 8,200 bbl/day
    #151 Burkina Faso: 8,200 bbl/day
    #152 Maldives: 7,200 bbl/day
    #153 Aruba: 7,000 bbl/day
    #154 Sierra Leone: 6,600 bbl/day
    #155 French Polynesia: 6,000 bbl/day
    #156 Congo, Republic of the: 6,000 bbl/day
    #157 Seychelles: 5,600 bbl/day
    #158 Niger: 5,500 bbl/day
    #159 Malawi: 5,500 bbl/day
    #160 Rwanda: 5,400 bbl/day
    #161 Eritrea: 5,300 bbl/day
    #162 Somalia: 5,000 bbl/day
    #163 Bermuda: 4,658 bbl/day
    #164 Faroe Islands: 4,550 bbl/day
    #165 Afghanistan: 4,500 bbl/day
    #166 Mali: 4,300 bbl/day
    #167 American Samoa: 3,900 bbl/day
    #168 Greenland: 3,860 bbl/day
    #169 Antigua and Barbuda: 3,800 bbl/day
    #170 Cambodia: 3,750 bbl/day
    #171 Liberia: 3,500 bbl/day
    #172 Swaziland: 3,500 bbl/day
    #173 Burundi: 3,100 bbl/day
    #174 Belize: 3,000 bbl/day
    #175 Laos: 3,000 bbl/day
    #176 Saint Lucia: 2,800 bbl/day
    #177 Cayman Islands: 2,600 bbl/day
    #178 Guinea-Bissau: 2,500 bbl/day
    #179 Central African Republic: 2,420 bbl/day
    #180 Gambia, The: 2,000 bbl/day
    #181 Grenada: 1,800 bbl/day
    #182 Western Sahara: 1,800 bbl/day
    #183 Chad: 1,460 bbl/day
    #184 Lesotho: 1,400 bbl/day
    #185 Saint Vincent and the Grenadines: 1,400 bbl/day
    #186 Solomon Islands: 1,280 bbl/day
    #187 Equatorial Guinea: 1,220 bbl/day
    #188 Bhutan: 1,160 bbl/day
    #189 Cape Verde: 1,150 bbl/day
    #190 Samoa: 1,000 bbl/day
    #191 Nauru: 1,000 bbl/day
    #192 Tonga: 900 bbl/day
    #193 Dominica: 900 bbl/day
    #194 Saint Kitts and Nevis: 800 bbl/day
    #195 Comoros: 720 bbl/day
    #196 São Tomé and Príncipe: 660 bbl/day
    #197 Vanuatu: 620 bbl/day
    #198 Saint Pierre and Miquelon: 500 bbl/day
    #199 British Virgin Islands: 480 bbl/day
    #200 Cook Islands: 420 bbl/day
    #201 Montserrat: 380 bbl/day
    #202 Falkland Islands (Islas Malvinas): 230 bbl/day
    #203 Kiribati: 200 bbl/day
    #204 Saint Helena: 100 bbl/day
    #205 Turks and Caicos Islands: 80 bbl/day
    #206 Niue: 20 bbl/day
    Total: 82,234,918 bbl/day

    http:www //64.233.183.104/search?q=cache:pcuhSKfQIaIJ:www.nationmaster.com/graph/ene_oil_con-energy-oil-consumption+oil+usage+annual&hl=cs&ct=clnk&cd=6&gl=cz
     
    #15 Crabtownboy, May 1, 2008
    Last edited by a moderator: May 1, 2008
  16. Palatka51

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    Well everyone had better go and get your horse while the price of equine flesh is cheap.[​IMG]
     
    #16 Palatka51, May 1, 2008
    Last edited by a moderator: May 1, 2008
  17. queenbee

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    Filled up my trusty rusty (used compact) just the other day- $30 to fill up just a smidge over 1/2 a tank and I drive sparingly!
     
  18. windcatcher

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    Unfortunately, even a horse demands maintenance, and pasture, and supplimental feed.

    If I could afford a scooter, I'd almost be willing to buy one for the economy of travel. My Taurus is paid for and I get 22-25mpg: Still I try to be frugal...... I use to think cranking a car used more fuel, so would idle if going through drive window such as bank or fast food: Then I read an article which said idling longer than 30 seconds consumes more fuel than stopping and restarting.... So you may guess what I do now when I see I'll have to wait. I guess if being really frugal ...I'd park the car and walk in.... oh well!
     
  19. dragonfly

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    You might want to check the price of a starter before you start and stop it too often to save a few cents worth of gasoline.
     
  20. windcatcher

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    I'll accept your admonition. Thank you.
    Guess I'll start parking it and walking in.... That should work! :)
     
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