Hang on to your equipment. You might want to make some fuel. I don't believe everything I read, but it never hurts to be prepared.

http://www.guardian.co.uk/busi.../oil-market-reserves

Open up the eastern Gulf of Mexico.... It would help keep prices reasonable while allowing the country to develop sustainable resources....

But the dirty little secret that you never here is that politicians WANT higher fuel prices so that can dictate our choices.... Why else would they talk about a $4/gal tax when oil went to $34 after hitting 147?

The search for Non-hydrocarbon energy should not be driven by fears of Global Cooling, or Global Warming, or what crisis is it now.... Crisis Climate Change, which is a farce, the search should be driven by the need and desire to find sustainable, cheap energy for the future of our kids and the security of our country. Everyone that has ever worked in the oil industry knows that wells run dry, that is why we keep drilling....and everyone knows that the globe has a finite source, so the long term answer is to find, invent, develop, the next cheap energy source while at the same time keep oil prices in check so that the world economy doesn't completely fall apart leading to wars and mayhem. Right now we need to focus on both MORE production AND MORE incentives to find the next affordable, sustainable source.

BTW, I do believe that within 1 year, we will see at least 150 again...just speaking as one in the field...why???? Have you seen the rig count drop in the US, and even though oil is climbing steadily rig count continues to fall due to a large part the attacks and threats by the current administration. One things for sure, we got what we wanted, now the question is, how painful is the bill gonna be and will we survive as a sovereign Nation...

quote:

Originally posted by irokcj5:
BTW, I do believe that within 1 year, we will see at least 150 again...just speaking as one in the field...why???? Have you seen the rig count drop in the US, and even though oil is climbing steadily rig count continues to fall due to a large part the attacks and threats by the current administration. One things for sure, we got what we wanted, now the question is, how painful is the bill gonna be and will we survive as a sovereign Nation...

we'll always be sovereign... I just wonder what language we'll be speaking... lol

too many people on this marble.

What do you think happens when we make our entire economy dependent on people who don't like us?

The only way we will get our energy and food requirements in check is if we get our population, and the global population under control.

quote:

Originally posted by keelec:
What do you think happens when we make our entire economy dependent on people who don't like us?

quote:

Originally posted by keelec:
What do you think happens when we make our entire economy dependent on people who don't like us?

The only way we will get our energy and food requirements in check is if we get our population, and the global population under control.

I agree, and trust you mean via humane means such as education and access to technology.

quote:

Originally posted by UFO:
I agree, and trust you mean via humane means such as education and access to technology.

In the USA, we need to revise our tax & welfare system to recognize 1 child per person, two for couple, for all "future" children. No more deducting 5 to 10 children. Perhaps giving an exception if children numbers 2&3 are naturally conceived twins.

And, apply the same rules to immigrants to the USA.

If a woman (or man) has 2 or more children and applies for public assistance, then they should be required to utilize long-term birth control.

• Norplant
  
• IUD (with periodic verification)
  
• Tubal Ligation (or hysterectomy)
  
• Vasectomy

Foreign Aid is a tough issue.

I don not wish to withhold food. But, I'd rather teach people how to make tractors than how to sew my pants.

However, if we are sending truckloads of wheat... and truckloads of anti-aids meds... then they can certainly learn about birth control. And, as some people have pointed out, this includes general education and literacy programs for both men and women.

And, I would apply the same long-term birth control requirements to recipients of foreign aid as suggested for domestic aid.

Sorry, I managed to digress a bit.

The price of oil in many senses is based on the laws of supply and demand, except that governments can artificially create and perpetuate shortages.

In a sense, or current economic crisis was a "Perfect Storm" in the making:

• Katrina hit the gulf-coast USA, boosting fuel prices to extraordinary levels.
  
• High oil and fuel prices endured far longer than necessary, being propped up by foreign and corporate activities.
  
• As the global economy increases, demand for oil and fuel has been increasing significantly.
  
• Couple that with the USA having the least fuel efficient vehicles globally, the longest commutes globally, and the worst public transportation globally.
  
• Now... house prices in many communities have been going up by about 10% a year. Yet, wages have been going up by 3%.
  
• Many people had been supplementing their income with tax-deductible second and third mortgages and refinancing on their houses.
  
• Interest rates were artificially lowered to “stimulate” the economy which pumped up house prices even more as well as more refinancing and pulling money out of mortgages.
  
• Interest rates were then pushed back up lowering the affordability of houses, and reducing the ability to pull money out of houses.
  
• At the same time, fuel prices doubled... say a person fueled up once a week for $30... suddenly it was $60 or more a week.... GONE.

Anyway, put it all together, and the economy crashed.

$250/barrel oil will not be good on our economy, or any sense of recovery.

And, the only way we can fix the problem is to start building and buying more fuel efficient cars. And, while perhaps EV cars may not be the answer to energy... anything to help wean us off of foreign oil.

quote:

The price of oil in many senses is based on the laws of supply and demand, except that governments can artificially create and perpetuate shortages.

Do you guys realize how much oil consumption in the US effects the global price of oil.
Here in Oz the price of diesel goes up if the winter in the US is severe because of the increase heating oil use.

The key to reducing oil prices is reducing demand, which is why I make bio like most on this board. Every gallon of fuel we don't buy reduces demand and prices.

The US leads the world in oil consumption, China with 3 times the population comes next using a third as much as the US.
I think that is why China is growing so rapidly, they can make more with less.

quote:

Originally posted by keelec:

quote:

Originally posted by UFO:
I agree, and trust you mean via humane means such as education and access to technology.

In the USA, we need to revise our tax & welfare system to recognize 1 child per person, two for couple, for all "future" children. No more deducting 5 to 10 children. Perhaps giving an exception if children numbers 2&3 are naturally conceived twins.

And, apply the same rules to immigrants to the USA.

If a woman (or man) has 2 or more children and applies for public assistance, then they should be required to utilize long-term birth control.

• Norplant
  
• IUD (with periodic verification)
  
• Tubal Ligation (or hysterectomy)
  
• Vasectomy

Foreign Aid is a tough issue.

I don not wish to withhold food. But, I'd rather teach people how to make tractors than how to sew my pants.

However, if we are sending truckloads of wheat... and truckloads of anti-aids meds... then they can certainly learn about birth control. And, as some people have pointed out, this includes general education and literacy programs for both men and women.

And, I would apply the same long-term birth control requirements to recipients of foreign aid as suggested for domestic aid.

That's a bit scary. You'll NEVER find the political will to do that in any humane government by for and of the people. Like I said earlier, the only way population will stabilize of it's own accord is through education and access to technology, or in other words, enlarge the middle class.

I agree with Mr.K.... ALL forms of social assistance [foreign aid, welfare, etc.] should come with birth control 'strings' attached, otherwise those of us who are working to keep the population down are only shooting ourselves in the foot by enabling others to breed more hungry mouths. I contribute as little as I can to the system, since it's only making the problem worse. [see "Going Galt" ]

The realities of the current 'economic crisis' will probably increase global starvation. That's good, if people are not smart enough to grow food to feed themselves then they deserve to die. Life is not fair, it's hard; adapt or die. If that offends the 'bleeding heart do-gooders' well tough shift, welcome to the REAL world.

quote:

The key to reducing oil prices is reducing demand, which is why I make bio like most on this board.

Maybe... don't forget that that petroleum is the primary ingredient in making VO. The only way to significantly reduce demand is to use less motor fuel of any type. The current 'economic crisis' has done more to reduce petroleum demand than all the 'conservation' efforts combined. Most people won't use less unless they're forced to.

I plan to reduce my dependence on the sun. All that free light has made me dependent. I'll be shuttering and insulating my home, and providing my own lighting and heating needs myself.

quote:

Originally posted by clean and green:
I plan to reduce my dependence on the sun. All that free light has made me dependent. I'll be shuttering and insulating my home, and providing my own lighting and heating needs myself.

Your opportunities will mushroom, and people will think you're a 'fun guy'.