$100 Barrel Oil-- $5.00 Gallon Gas ????

Mort · Posted: Sat Oct 20, 2007 7:44 pm Post subject:

I had off road diesel delivered today, 3.11/gal, he said it will be four dollars by thanksgiving and five will not be far behind. Mad

Oldtimer · Posted: Sat Oct 20, 2007 9:56 pm Post subject:

jigs · Rancher Joined: 17 Mar 2005 Posts: 4565 Location: KANSAS

the economy IS great....if you own an oil well!

Mort · Posted: Sun Oct 21, 2007 7:58 pm Post subject:

The government in calculating the inflation rate does not include food or fuel in those calculations, personally I think they will tell us whatever they feel like telling us. Reality has nothing to do with it.

young gun · Posted: Sat Nov 03, 2007 8:23 am Post subject:

what do you think will happen when the opec countries decide to stop using us currency for trading oil. it looks like thay are going to start using the euro. will that bring the value of the us dollar down more than it already is. if that happens the world will not use the us currency for trade it will switch over to the euro, and even further damaging the value of the us dollar. in turn putting the us economy into a tailspin that would be very difficult to pull out of. this is a war of a different measure, this is a war on the us economy. wouldn't you think that is what iran is trying to do bankrupt the united states. with world trade it doesn't matter who has the biggest guns all that matters is who controls the money.

Cowpuncher · Posted: Sat Nov 03, 2007 9:00 am Post subject:

Anyone paying any attention to China?

The world is approaching peak oil production capacity with thousand of older oil fields declining and relatively few new fields coming on line.

At the same time, China is using much more oil than in the past - they are up to around 7,000,000 barrels per day - about 2 or 3 times what they used 10 years ago.

Get used to high prices and start thinking about alternatives. If we got 80% of our electricity from nuclear (like France) and had some decent electric automobiles, we could work around the other needs such as transportation and farming with biodiesel and ethanol.

When oil was discovered in Saudi Arabia, the world had a lot of oil. The Arabs were happy to get 10 cents per barrel - now it is almost $100.

Complaining isn't going to make any more oil. Eventually, democrats will allow drilling in the NWP in Alsaka, but it won't make much difference.

The only thing that is going to curb petroleum demand is high prices. And it is not going to be fun.

Oldtimer · Posted: Sat Nov 03, 2007 9:33 am Post subject:

Mort · Posted: Mon Nov 05, 2007 8:50 pm Post subject:

The politicians have no answers on anything, the energy crisis, immigration, or has anyone paid any college tuition lately, try over seven thousand a quarter to a state university, not private, and thats not including books and room and board. That is also out of control and not one politician is saying anything about slowing that up. They are not going to fix anything they are just going to stand there and tell us how good everything is. Remember them on election day.

efb · Posted: Fri Nov 23, 2007 7:52 am Post subject: $100 a barrel oil

Those OPEC nations and oil Co's ( Mobil- EXXOn, etc) must be making huge amounts of money. I heard a presentation last week that scared me. China and India together are now consuming as much oil as US. And they are just getting started. Our concern down the road a couple years may not be price, but can we even get it. Everything we do today consumes energy. Clothers dryers for example. How many people hang their wash out to dry anymore ? I don't walk anywhere anymore. I step on the atv and go. It saves me a lot of time and is cheaper than the pick up, but we are the first generation to have them. We are going to have to start reducing our energy requirements and have to develop other sources of energy now. Texas A&M is presenting a program " Burning Sunshine" (bio fuels). We have been burning fossel fuels, sunshine from millions of years ago. We need to move that up to burning bio fuels from today's sunshine. Should be an opportunity in there for agriculture. It's going to take some research, time and money, but if we keep depending on fossel fuels I am afraid we are in big trouble, soon.

Mort · Posted: Fri Nov 23, 2007 7:37 pm Post subject:

Hydrogen, I think is the answer, there's water everywhere, but suppling it to the consumer will require a new supply system to come into place and the oil companies and auto makers will fight it tooth and nail. The politicans are in the pockets of whoever has the most money, right now thats big oil, I don't see much happening anytime soon.

	Ranchers.net's Bull Session Forum Index -> Everything Else	All times are GMT - 6 Hours
Page 1 of 1