70 buck a barrel oil matched by rising airfares...talk of rationing.

[Cardinal]

"We are going to find out at what price level we start rationing demand," Cordier said

I don't think the man is talking about a government rationing program.

What he means is when will demand ration, or limit, itself due to high prices. Gasoline is the classic inelastic commodity on the macro level. Whatever the price, people tend to buy it in the same quantity. But all things are elastic to a degree, this guy just wonders where that price point is.

 

[jetflyer]

I posted this on another thread as well, but I'd like to tell you my views on these NUTTY PEAK OIL PEOPLE.

I personally think these nuts saying that oil is not a renewable resource and is going to get more rare in the near future are just scaremongerers.

People like vice president of Iran's national oil company:Samsan Bakhitari, Colin Campbell, advisor to Cheney and Bush:Matthew Simmons, Republican Congressman Roscoe Bartlett, George Soros, T. Boone Pickens, and ex-CIA chief James Woolsey must be just giggling at how they're making people scared preaching their peak oil prophecies and telling people to start using renewable resources!!! God forbid!!

I think oil will go back to the historic $20.00/barrel any day now. This is what a lot of the experts are saying. HISTORY has always said that more oil will be found and the price will go back to its historic norm. Surely this will NEVER change. It's only higher because of the terrorism premium, and there are Nigerians kidnapping oil workers. When the oil workers are released oil will go to $20.00.

There is an infinite amount of oil in the ground. It is created in the center of the earth. It's called abiotic oil. Dead Dino remains?! HAH! Whatever!!! .... Scientists are such retards.

I wouldn't listen to biased retards like the U.S. govt.'s Department of Energy that says Peak Oil is going to be the biggest challenge of modern society!!!!!
Have you noticed how they've been trying to freak out the world, by making such a big deal of their early 2005 findings on Peak oil found here:
http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf
Scaremongering Retards!!! I think I've seen the govt. mention peak oil atleast 4 times a day over the last year since they did that study. Why are they trying to scare us. I bet it's to give the oil companies higher profits!! Bush is one of dem oil men, ya know.

Y2K Part 2 that's all this is. These people just need to scare people. Dang Chicken Littles. Wolf Cryers!! They don't feel right unless they're scared and scaring others. That must be it.

Everything will be just fine. Go along with your using of 1000 barrels a second of oil. We'll soon be using 1200 barrels a second of oil, then 1500 barrels a second.

There are no limits to how much oil we can use!! It's created in the center of the Earth!!

Truth Speaker,
Jet

 

[jetflyer]

Also the oil companies are scamming us and just running up the price.

Did you know that in 1970 the U.S. produced 9.6 million barrels PER DAY of Oil!?

The UNITED STATES used to pump more oil than SAUDI ARABIA does today!!

Now the U.S. is only producing 5.4 million barrels per day and it falls every year even though they drill more oil wells and found Alaska's oil and the Gulf of Mexico oil since then.

Why is this?
It can't be as some claim that the U.S. reached its peak oil in 1970, as M. King Hubbert a Shell geologist predicted in 1956. He said that this is a natural geological process, that the pressure in the oil wells diminishes and even after pumping water or carbon in the wells that you'll eventually get less and less oil out every year.

This is impossible because there is an infinite amount of oil in the ground. It's created in the center of the earth.

I think the oil companies are choosing to produce only half as much oil as they did in the 1970's so they can run up the price. Then they'll save their oil for when it's really expensive.

Chevron claims at their "Move Past Oil Site":
http://www.willyoujoinus.com/issues/alternatives/
that 33 out of the world's 48 major oil producers have passed their peak oil production and are in decline like the United States. Here is the quote:

Oil production is in decline in 33 of the 48 largest oil producing countries, yet energy demand is increasing around the globe as economies grow and nations develop.

I think Chevron is lying to us all!! They're part of the SCAREMONGERING PHONEY Peak Oil crowd. They're trying to convince us, with Bush's help, that we're running out of oil. The elites are trying to run up the price so they can profit and make money off us little people.

It's all a grand conspiracy!!

Bottom line is that the U.S. could pump oil at 9.6 million barrels a day like they did in the 1970's if they wanted to, and we wouldn't have the problems we're having now.

The oil companies are CHOOSING to pump 4.2 million barrels less per day today than in 1970, even though they have brought on the Alaskan Slope and Gulf of Mexico oil since then!!

It's a crime!

America did not pass no phoney Peak Oil in 1970. Malarchy! Bologna sandwich!! Horse Manure!!!

It's all a conspiracy by dee elites!

Plus Chevron is lying by saying 33 of the 48 major oil producers have passed their peak oil, like the United States! BOLOGNA SANDWICH!!

Dang Conspiracy. We's needs a congressional investigashun!! I's tells ya!

Scaremongerers!!!

Jetflyer

 

[sleddriver71]

Also the oil companies are scamming us and just running up the price.

Did you know that in 1970 the U.S. produced 9.6 million barrels PER DAY of Oil!?

The UNITED STATES used to pump more oil than SAUDI ARABIA does today!!

Now the U.S. is only producing 5.4 million barrels per day and it falls every year even though they drill more oil wells and found Alaska's oil and the Gulf of Mexico oil since then.

Why is this?
It can't be as some claim that the U.S. reached its peak oil in 1970, as M. King Hubbert a Shell geologist predicted in 1956. He said that this is a natural geological process, that the pressure in the oil wells diminishes and even after pumping water or carbon in the wells that you'll eventually get less and less oil out every year.

This is impossible because there is an infinite amount of oil in the ground. It's created in the center of the earth.

I think the oil companies are choosing to produce only half as much oil as they did in the 1970's so they can run up the price. Then they'll save their oil for when it's really expensive.

Chevron claims at their "Move Past Oil Site":
http://www.willyoujoinus.com/issues/alternatives/
that 33 out of the world's 48 major oil producers have passed their peak oil production and are in decline like the United States. Here is the quote:

I think Chevron is lying to us all!! They're part of the SCAREMONGERING PHONEY Peak Oil crowd. They're trying to convince us, with Bush's help, that we're running out of oil. The elites are trying to run up the price so they can profit and make money off us little people.

It's all a grand conspiracy!!

Bottom line is that the U.S. could pump oil at 9.6 million barrels a day like they did in the 1970's if they wanted to, and we wouldn't have the problems we're having now.

The oil companies are CHOOSING to pump 4.2 million barrels less per day today than in 1970, even though they have brought on the Alaskan Slope and Gulf of Mexico oil since then!!

It's a crime!

America did not pass no phoney Peak Oil in 1970. Malarchy! Bologna sandwich!! Horse Manure!!!

It's all a conspiracy by dee elites!

Plus Chevron is lying by saying 33 of the 48 major oil producers have passed their peak oil, like the United States! BOLOGNA SANDWICH!!

Dang Conspiracy. We's needs a congressional investigashun!! I's tells ya!

Scaremongerers!!!

Jetflyer

Wow, you seem to know an awful lot about the earths supply of oil. I wish there were an infinite amount of oil in the ground like you say. So, oil is made at the center of the earth... Well, how fast does the earth produce this oil? Do you think it is being produced a lot faster than we are using it? I sure hope you're right but I highly doubt it. Specifically what process at the center of the earth are you talking about that creates oil? I would honestly like to know because I have never heard that one. Whether our oil is running out or not (it is), I'm going to enjoy it while I can. If it really is running out, what good is it for me to try and slow down my consumption of it by getting a little car that gets great mileage? Is it so our offspring can have a little trickle so they can go to the grocery store on their 150 mpg scooter? What's the point? It's still going to run out! I'm going to enjoy my gas hog muscle cars, and airplanes as long as there's oil to burn.

 

[jetflyer]

ABIOTIC OIL. Do a research. It's why peak oil will never happen. Because there's an infinite amount of oil from the center of the earth.

Jet

 

[jetflyer]

The peak oil crazies think they're on a mission to help save the world from hard times, but really they're just scaring people.

The peak oil crazies think they're going to help bring upon a lot more investment and a MANHATTAN project on renewable energy sources, but really they're just scaring people.

I wish these peak oil crazies that think they're going to help save AMERICA, would just shut up and leave us alone. Times are good now. I don't want to know that they're going to change because I have an American Idol episode to watch tonight. I don't have time for the peak oil crazies' prophecies.

Anyways oil is created in the center of the earth, and we'll never run out. Duhhh.

Jet

 

[jetflyer]

Here are some points I have to make about some of these peak oil crazies.

Robert Hirsch of the U.S. government DOE is just a scaremongering crazy predicting that it will take 20 years of intense effort before peak oil to avoid extreme economic hardship. Then he goes on to say that many experts are predicting a near term peak oil!! That would mean I might get a pay cut!! What a crazy retard...
Did you see the Report the DOE came up with under his lead about Peak Oil and how it is going to be the hardest problem Man has ever faced???:
http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf
The DOE is saying we may have like, dude, like a recession or something..... No way it's the new economy!
Here is the speech he gave to CONGRESS on that report:
http://www.tomudall.house.gov/pdf/PeakOilHearingHirschtestimony120705.pdf
What a nutjob telling CONGRESS that PEAK OIL will be the hardest thing that man has ever faced! He obvoiusly hasn't seen my wife when she's mad. I think she could rival this fake peak oil thing!

T.Boone Pickens is just trying to run up the price when he says we're about at peak oil now.
China's CNOOC executive's prediction of 2012 as a peak oil date, is just crazy.
Iranian oil expert Bakhitari's prediction of 2007 as peak oil date is even more crazy.
Matthew Simmons who is a buddy of Bush and Cheney predicting a 2008 peak is just idiotic.

David Goodstein, Caltech Vice provost is just a lunatic predicting Peak Oil before 2010 and these crazies would say the site below written by him is the best EXPLANATION and INTRODUCTION TO PEAK OIL:
http://www.yubanet.com/cgi-bin/artman/exec/view.cgi/8/15426

I'm learning I shouldn't listen to the crazies anymore, and I should listen to educated people like some on these boards, that know it all. Why wasn't I listening to you educated, omniscient people earlier???!!! I feel so much better now!!

I've seen the light and it's bright! I'm going out to buy new matching Hummers for me and my wife now, since the oil party will never end!!:beer: Bottoms UP!!

Jet

 

[sleddriver71]

You may be right, I don't know. I don't know why you say duhhh. Maybe you're right but your "theory" isn't the only one out there. I asked you three questions about this theory but all you can do is take what I said and asked as a personal attack. Now I know how you feel about these "peak oil crazies" although I could really care less. You seem to be pretty sure about abiotic oil, that's great. You tell me to do a research, that tells me you can't answer the questions I asked. That's fine, but don't get an attitude with me for questioning a theory that isn't exactly mainstream.

 

[jetflyer]

This so called expert from the U.S. govt. Dept of Energy Robert Hirsch seems like the biggest crazy of all.

He's talking about his findings from research he and a team did on Peak Oil. Here is where the U.S. govt. DOE study on Peak Oil can be found:
http://www.netl.doe.gov/publications/others/pdf/Oil_Peaking_NETL.pdf

SPEECH TO CONGRESS: TESTIMONY ON PEAK OIL
Dr. ROBERT L. HIRSCH, SENIOR ENERGY PROGRAM ADVISOR, SAIC. BEFORE THE HOUSE SUBCOMMITTEE ON ENERGY AND AIR QUALITY
WEDNESDAY, DECEMBER 7, 2005.http://www.tomudall.house.gov/pdf/PeakOilHearingHirschtestimony120705.pdf

This NUTJOB from the U.S. GOVT. DEPT. OF ENERGY gave the above speech to CONGRESS!! Read some of the wacky, out there comments he told CONGRESS about PEAK OIL:

The results were startling: Unless a mitigation crash program is started 20 years before peaking occurs, the economic consequences will be dire.

The world has never confronted a problem like peak oil.

The concept of the peaking of world oil production follows from the fact that the output of an individual oil field rises after discovery, reaches a peak, and then declines.

If mitigation is too little, too late, world supply/demand balance will have to be achieved through massive demand destruction and shortages, which would translate to extreme economic hardship. On the other hand, with timely mitigation, economic damage can be minimized.

This Moron thinks we need to get off oil to avoid economic hardship. Bologna. Keep burning it boys. It will never run out!

Chinese officials have forecast the peaking of world oil production around the year 2012.

Previous energy transitions (wood to coal, coal to oil, etc.) were gradual and evolutionary; oil peaking will be abrupt and revolutionary.

This moron is trying to warn us of an IMAGINARY EVENT. PEAK OIL WILL NEVER HAPPEN!!

Jet

 

[jetflyer]

I almost forgot to mention this Peak Oil crazy Politician. We all know politicians lie!! He's been trying to get congress to start implementing a MANHATTAN PROJECT on ENERGY to reduce our usage of oil. He's a very passionate CRAZY
Roscoe Bartlett, Republican Congressman from Maryland gave this speech to Congress, broadcast on C-SPAN on July 19, 2005 about COMING OIL SUPPLY PROBLEMS(PEAK OIL).
Here is the transcript.:
http://www.xecu.net/thorn/PO/PO-July19-2005.html

April 19th Bartlett gave this speech to congress. This would be a good speech to read if you believed this crazy!,
http://www.bartlett.house.gov/SupportingFiles/documents/energyspeech.pdf

Roscoe Bartlett met with Bush about Peak Oil on June 29th. So Bush, no doubt knows about what these crazies are saying about potential oil supply problems. Here is the press release:
http://www.bartlett.house.gov/latestnews.asp?ARTICLE2900=7308

Sorry those are old speeches by this crazy guy. I don't have any links to the many new crazy prophecies he's been giving congress. He's been speaking to them a lot about this BUNK PEAK OIL THING.

Can you believe they made this crazy guy a politician? Maybe it shouldn't be a surprise!

Jet

 

[CrimsonEclipse]

if I Type Reallly Big, Then I Must Be Correct!!!!!

Lots Of Links And Inflamatory Remarks
Also Make Me Right

Ce

 

[jetflyer]

I KNOW PEAK OIL IS FAKE. IT'S TRUE BECAUSE I TYPE BIG AND HAVE A LOT OF LINKS!

PEAK OIL IS FAKE.

OIL IS CREATED IN THE CENTER OF THE EARTH!

Jet

 

[Icelandair]

The fat cat station owners are going to keep gouging us at the gas pumps. I hate these gas prices.

 

[CrimsonEclipse]

It's not the JUST the Arabs, it's not JUST the oil companies, it's not JUST
American policy, it's not JUST station owners and it's not JUST H2 drivers.

It's also NOT an oil crisis. It is an ENERGY crisis. Oil is a problem, but it is
one of MANY problem that need to be dealt with.

Drilled oil is becoming more expensive to extract, PERIOD. The easy oil is gone. But that does NOT mean a Mad Max typ of future. It means that alternatives become ecnomically viable. (insert lecture about flexi-fuel,
bio-diesel, and electrical cars)

Now the difficult part.
1. Av-Gas is a dying breed. At last check, there is only ONE refinery producing 100LL. Most piston engines can be converted to MoGas relatively
easily. Higher performance piston engines are basically screwd. That is why
the Eclipse type airplanes and the new prototype mini turboprop engines are
great for the Gen-Av sector.

2. Alternative fuels for turbines are difficult to certify and implement due to
laws, liability, and infrastructure. That is why turbines, particuarly vunerable
to any change in price and availability.

Want to stick your head in the sand? fine by me. It was time to change our
energy system during the 1970's fuel crisies. I have backup plans to low,
medium, and high level interuptions.

Cheers.

CE

 

[inline]

All this while W's buddies pocket record profits..But hey go ahead and buy that nice Hummer or Tahoe you get that employee discount with it.After all, we gotta support the economy.

Oh yeah. It's all Bush's fault. Part of the reason for high gas prices is the fact that a refinery hasn't been built in the U.S. in over 30 years, thanks to tree hugging democrats. Also, India and China are competing for energy resources.