My wife will enjoy biking to work, seriously. ;-)
Maybe if at least 10 Nukes go off.
These good ole rich boys would not be trying to scare the little people because of politics now would they?
So this is a story from Yahoo, quoting CNN, quoting George Soros.....
If this isn't Soros trying to manipulate the market... I don't know what is....
Geopolitical problems may drive it that high, but Peak Oil will be the fundamental driver. Investment banker Matt Simmons, for example, is predicting $200-$250 oil by 2010.
I'm sure it is you piece of cr*p Soros, he's probably already arranged it with his mussie friends...
Time to drill - ANWAR, California, Gulf Coast, National Parks, etc.
Opps. It's from CNN. Not Yahoo.
Well if all of these are possible scenarios then bring on the technology that allows us to get oil from shale. Let the rest of the world pay $262 while we sit fat and happy on our own resources.
There are an estimated one trillion barrels of oil recoverable at today's prices from the oil sands of Alberta. The number one customer for that oil is the USA. If the Arabs want to sit on their oil, embargo their oil, eat their oil or rub it on their camels' heinies, I say let them.
$262/bbl oil is not sustainable over a long period. There are plenty of other technologies -- coal liquefaction, biodiesel, and the like, that become profitable well before that pricepoint.
Well, Soros bet on John Kerry and the 'Rats in the last election and lost everything he invested.
Before the United States allows oil to hit $262 a barrel, you will see total mobilization and a combined U.S./NATO occupation army moving into the Middle East for keeps.
I can't see the market surviving $260 a barrel oil. Economies would collapse long before then, dropping the demand and the price.
What a crock. And these people are supposed to be smart investors. We would change to alternate sources of energy before it ever reached this high. Look what happened to demand in this country when Katrina hit.
Well before we ever reached this level, solar, wind, water, grain alcohol, shale and coal would become economically feasible.
This is nothing more than political fear mongering.
Personally, I wish foriegn oil supplies would dry up tomorrow. We would be fine and the ragheads could hump their camels for all I care.
I've burned about a cord of wood since the new year. I'm getting 3 cords of oak, maple and ash tomorrow at $75/cord. That should see us throught the end of April.
The prospect of not buying any heating oil this year eases the pain of speculating on the future price shocks.
Relax. The other posters are correct. At well below $200 a barrel, North America has enough oil to meet its needs for the next hundred years.
The stress is to much ... I am going to:
1. Jam miniature marshmallows up my nose and sneeze them out. See how many I can do at once.
2. Pop some popcorn without putting the lid on
3. When someone says "Have a nice day!" tell them I have other plans.
4. Make a list of things to do that I've already done.
5. Dance naked in front of my pets.
6. Fill out my tax form using Roman numerals.
7. Leaf through a National Geographic and draw underwear on the natives.
8. Drive to work in reverse.
9. Stare at people through the tines of a fork and pretend they are in jail.
10. Make up a language and ask people for directions.