The Mudcat Café TM
Thread #66696   Message #1251136
Posted By: robomatic
19-Aug-04 - 03:21 PM
Thread Name: BS: Oil will run out
Subject: RE: BS: Oil will run out
I remember in 1999 the price of oil was $9 per barrel and the airwave media claimed that experts were predicting it could stay that way for years. I knew that was a load of bull. I think our current situation is similar in that the oil price will come down once the Yukos situation resolves and we get some 'stability' in such places as Nigeria, Venezuela, and Iraq.

Other issues may influence gasoline prices which I already mentioned in previous posts. While the events are unpredictable, the type of events (pipeline problems, refinery problems) could lead to gasoline price spikes.

So short term I expect continued high sales of Hummers (the vehicles), yet also increasing sales of Prius's (Looks to me to be the ideal middle age crisis car for nerds).

We are not ON THE BRINK. We are getting there, and some people are claiming they can see it from there. But can they really?

I've really enjoyed reading the posts on this thread!

And as for Soylent Green, it has come true for cattle, and it's making us mad.