[MNJohnnie]

really does not comfort me if the price is $3.00 a gallon, and it certainly won't comfort me if the price goes to $5.00 per gallon or more in the next couple of years

Never going to happen. Tell you what. I bet you the price of a gallon of gas will be CHEAPER Aug 15, 2006 then it is today. I just paid $2.65 a gallon. We can use that as a bench mark.

[MNJohnnie]

Here is why gas will be cheaper a year from now. See that number for Canada? If oil stays over $55 a barrel that oil suddenly is economically viable to pump. Because of the geology of most of the Canadian Oil reserves, it has never been able to be economically feasible against cheap mid east oil.

Greatest Oil Reserves by Country, 2005
Rank Country Proved reserves
(billion barrels)
1. Saudi Arabia 261.9
2. Canada 178.81
3. Iran 125.8
4. Iraq 115.0
5. Kuwait 101.5
6. United Arab Emirates 97.8
7. Venezuela 77.2
8. Russia 60.0

[FightThePower!]

What do you base you bet on? Is supply going to increase or is demand goign to decrease?