What VW needs to do is put in the PD130 engine rated at 134 bhp into the new VW Jetta and Golf coming out in a few months. I believe that this engine will be available in California once the US switches to low-sulfur motor fuels in September 2006.
Posted on 03/04/2005 6:26:18 AM PST by Crackingham
Prices of crude oil could rise to as high as $80 a barrel within the next two years although such a price band would not last long, OPEC's acting secretary general was quoted as saying Thursday. "I can affirm that the price of a barrel of crude oil rising to $80 in the near future is a weak possibility," Adnan Shehab al-Dine told Kuwait's Al-Qabas newspaper.
"But I cannot rule out (the possibility) of oil prices rising to $80 a barrel within the next two years," he said.
"If the oil price rises to this level for one reason or another - for example, interruption of supplies from a producing nation by 1 to 2 million barrels a day - it is not expected to continue for long," he said.
Shehab al-Dine said a price rise to between $50 to $60 a barrel for a period of two years or more will inevitably boost investments to increase supplies and lead to a drop in demand, eventually reducing prices.
World oil prices were mixed on Thursday after reaching four-month highs in New York and London the previous day amid a rise in U.S. crude stocks and jitters over increased global demand.
The crude oil closed in New York at just over $53.05 a barrel for the second day, the highest closing level since Oct. 26.
In London, the price of Brent North Sea crude oil for delivery in April rose $0.08 to $51.30 a barrel on Thursday, after earlier reaching a new four-month high of $51.50.
"The continued upward trend in crude prices is a reflection of market perception that has changed in the last few weeks," London-based Barclays Capital analyst Kevin Norrish said.
"The market is very sensitive to any kind of supply disruptions at the moment."
The Organization of Petroleum Exporting Countries (OPEC) was to meet in Isfahan, Iran on March 16, when it was expected to maintain its current production level of 27 million barrels a day.
"OPEC certainly won't cut production, the question is whether they will agree to increase production," Barclays Capital's Norrish said.
The primary source of methanol is natural gas. The primary source of fertilizer to grow crops to produce ethanol is natural gas. There is no free lunch when it comes to energy sources.
Your Merc will really like the new diesel coming in 2006...Low sulfur, higher cetane.
That is a bizarre comment. So you think that it is not simple? I'm sorry, but it is.
Nonsense. Look at the futures contract prices. People who actually have money to lose on this are betting the prices are going down over the next several years.
My 2005 bicycle commuting season just started this week.
This is a supply-and-demand problem. The Dems and eco-fascists don't want the U.S. to drill for our own oil so we have to pay the sheiks for it. Open up production and the price will go down.
Let's suppose that a lot of oil was found by drilling in ANWAR. That might help our balance of payments problem, but it's not clear to me that it would reduce the price of gas and other petroleum products to the individual user. Since oil is a fungible commodity, it has a price that is determined by world markets. Oil companies drilling in ANWAR are not going to just give away the oil to the U.S. They are going to sell it to the highest bidder.
Unless enough oil was found to significantly increase world supplies, it's not clear to me that the price of gas would drop very much if we had ANWAR oil.
Under Clinton the federal government locked up quite a few mineral reserves including coal and oil and those resources remain locked up.
If speculators are driving the price based on futures then it's no longer a matter of supply and demand but a matter of speculating on future prices where neither supply nor demand is known.
I read in the Star magazine about the new deisel, it is amazing. Fast and thrifty. I am retired and could never afford a new one. But I am so happy with my 1981.
You wrote 60 words without saying much of anything. Give me some clear arguments to respond to and I am happy to do so.
At $50 a barrel there is no production on-line that is not producing. It takes 10 years to bring oil in the ground to the market and I stand by my original statement regarding the consequences and appropriate response to the scenario.
Providing from the supply side is a necessity, but reducing demand through increased efficiency is equally needed. It is a common ground for the ( sei-reasonable) eco-facists and the realists to meet. Without recognizing that increased efficiency is a necessity, the United States will, in fairly short order, lose its economic advantage over China and India.
VW Jetta TDI (turbo Diesel) YR 2000
45 MPG
Oh Yeh!
With which party do you affiliate?
Winter will be over and prices will fall.
What VW needs to do is put in the PD130 engine rated at 134 bhp into the new VW Jetta and Golf coming out in a few months. I believe that this engine will be available in California once the US switches to low-sulfur motor fuels in September 2006.
Unless enough oil was found to significantly increase world supplies, it's not clear to me that the price of gas would drop very much if we had ANWAR oil.
From my understanding, ANWAR would make the mid-east look like second fiddle. Rumors about it being so abundant that in certain areas oil literally seeps out of the ground, making wildlife a laughable note at best.
"But alas, no power in the higher rev ranges"
True enough. But I no longer am a mad power freak.
I'm happy enough to get to where I'm going at a good clip and inexpensively, even if I can't go from 0-60 in 4.0 secs.
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