God I hope so.
Nazi Zombie chicks are kinda sexy.
Posted on 05/21/2008 12:47:05 PM PDT by Rufus2007
It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”
Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC’s May 20 “Squawk Box”. He told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.
“[T]he prices that we’re paying at the pump today are, I think, going to be ‘the good old days,’ because others who watch this very closely forecast that we’re going to be hitting $12 and $15 per gallon,” Hirsch said. “And then, after that, when oil – world oil production goes into decline, we’re going to talk about rationing. In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we’re not going to be able to get the fuel when we want it.”
(Excerpt) Read more at businessandmedia.org ...
Geez, everyone is predicting higher costs than the other guy just to get people to read their blog. A lot of these predictions are just hot air, but they cause the costs to increase even a little more.
I’m betting not that long, but probably will take a looong time before it gets to our cars.
This guys is a flaming moron! We have oil. The myth of all of the globe's oil running out is just that. Plus, way before this price point is hit, a slew of alternate sources would become very, very viable.
Incremental supply will only help incrementally. We need more than that. There is oil shale in the Rockies which would be profitable to extract at Crude prices above $120. Our economy will adapt eventually however the short term will be a nightmare.
The outrageous the claim, the more attention these kooks get.
Not going to happen. If it gets to $7 or $8 a gallon the economy will collapse or we will find something cheaper to power our cars with.
We’re dead. Concentration camps and radioactive Nazi zombies on the way...
I think the continued demand for gasoline will cause two phenomena:
1. the irrational fear of drilling for oil and building new refineries will disappear and an abundance of oil and gasoline will become available
2. a market-driven demand for alternative sources of energy will cause flurry of private investment and viable fuels and technologies
3. oil extraction from shale will become viable and will explode
Laz A. Mataz, owner of Laz Asset Management, predicted today that there is a 100% eventuality of $349.99 a gallon gasoline, in an effort to drive more people to his blog.
Economy tanks at $6 to $7 a gallon, so it’s probably not going to hit $12.
God I hope so.
Nazi Zombie chicks are kinda sexy.
I predict that a gallon of gas will eventually reach $87 a gallon. Can I be a guest on a financial show now?
this time, the old saw is true, “hurts poor and minorities the worst.” Add the burden of increasing hunger around the world, and it’s criminal not to make the moves you mention. McCain better get himself out of the green box in a hurry.
If there is not a viable alternative that is price competitive today at $4 a gallon or in the near future, how will an alternative be invented and produced on a scale the size of gasoline in quick fashion?
If this is true, invest in oil futures now. You’ll triple or quadruple your investment. And the more people that take this course of action (speculating in oil futures) the more certain the tulip market price will continue to rise.
Buy now! Sell high!!!
Or buy gold to protect your buying power. Purple Prince colored $5 bills is a BAD investment. The government will just print more and Soros will work against our greenbacks.
And every time one of these clowns opens his piehole, the price goes up more because of speculators.
I hate to say it, but the liberals are succeeding. They’ve gotten us into the kind of price spiral that resembles their wet dream of global warming’s tipping point, where the increase takes on its own energy and drives itself.
I still think Soros is behind it. He’s probably driving up the price of oil on the QT, which is why he didn’t want to lose the dollar as the currency of record just yet.
Well, sure $12 is inevitable if the Dems are writing the budget and need tax dollars and want to push a “green” agenda.
We used to play a card game called “Setback” - a sort of back-alley Bridge; when you or your partner got a bit giddy or tipsy one would “Shoot-the-moon!”
It’s about Oh dark-thirty out there right now, it seems.
THERE IS NOTHING ELSE, like turtles, it’s carbon all the way down.
“We’re dead. Concentration camps and radioactive Nazi zombies on the way...”
Good! In the words of R.E.M, “I’ve had my fun and now it is time for me to go”
Got a link?
This Hirsch is a moron. Gas Prices are going to go higher but not that high. Nowhere near that high. I think gas prices will top out at about $5-6 a gallon over the next couple of years. At these prices we will get very serious about drilling and synthetics.
I think the whole point of crude skyrocketing is to get a Dem elected president and the muslim oil countries are supporting this.
Let me make another prediction that’s probably more accurate than this guy:
Within the next 12 months, oil will crash to somewhere in the $70’s. Gas prices, having topped out at $4/gallon around August 1, will be around $2.29 or so by June of 2009, brought on by a slowly strengthening dollar, and the speculators finally running out of steam.
I can save the country. I’ll buy some oil stock. That will surely cause it to drop like a rock. It never fails to happen to me.
This scenario wouldn't surprise me in the least. How long before the pranksters that once hit Soros in his with a cream pie trade in their desserts for firearms?
All we have to do is chase the over-commitment of speculative money out of the futures markets. There’s far, far, far too much spec money being thrown into commodity futures.
Regulators need to:
1. Eliminate swap transactions.
2. Raise margin requirements.
We need to get the hedge funds and their oh-too-clever kids with their huge leverage out of commodities markets before we see Yet Another Bubble hurt the economy even further.
Price is now completely divorced from supply/demand fundamentals in oil markets. Today’s contango is at odds with what supply/demand projections are going forward out to 2012 and beyond.
Republicans could be spearheading this move, but they won’t, because they’re wedded to this mental masturbation of “free markets.” The GOP is perfectly happy to stand by and watch financial anarchy occur while mumbling their mantra of “we support free markets!” - all the while, there is no such thing as a free market outside of contraband such as drugs, prostitution and gun-running.
Wait a minute .. I already own some oil stock.
The oilfields in Alaska will remain untapped, even though discoveries confirmed a 400-years supply of oil ready to be pumped. Plenty of oil
Worst-case scenario, you’ll break even. When the hex is put on oil, it’ll fall, you’ll lose your ass, but think of all the money you’ll save in gas costs.
The economy will go belly-up long before gas prices reach $12.00 per gallon. The problem is that the crude oil that is used to make gasoline also makes diesel fuel, jet fuel, heating oil and petrochemicals. Before crude oil gets high enough to make gasoline $12.00 per gallon, it will have driven those other fractional distillates ( which are used heavily inindustry) to the point that they will bankrupt the economy.
We need to get rid of that nut in Iran now. Imanutjob is partially responsible for the high oil prices.
The prices sure went down after we got rid of the Butcher of Baghdad. oh wait. They didn't. No one ever even jokes about "No war for oil" anymore. Congress and the Federal Reserve are more responsible in that Congress caused the (sub-prime mortgage fueled) credit crisis that was supposedly fixed by the Fed successively weakening the dollar, which predictably caused inflation of the price of commodities.
We are all government largesse addicted smiley-faced-fascists these days and we get what we deserve. "Imanutjob" just needs to sit back and let us kill ourselves. Liberalism/fascism/socialism/environmentalism will kill us. That is inevitable.
I would think $12 a gallon would do it! Although it will be fun to hang politicians and others first.
Do it. Do it for your countrymen.
Thanks for the link. I’ll have to finish watching that at a better hour. I think I heard him on Coast to Coast a few months back.
your prediction of June 2009 seems about right for the fall. I think America will come out stronger and more fuel efficient and less dependent on outside energy.
You’re welcome!
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