Oil Pushing $60

[psysicx]

The reason oil is so high is because they know that they can get away with it.What we should be doing is turning are trash into fuel like indy cars.That way we don't have to worry about oil.

 

[atpcliff]

Hi!

Peak Oil:
"Analysts at John S. Herold, Inc., the energy research outfit that first spotted the flimflam at Enron, have joined the crowd in predicting oil production is topping off.

Robert Bryce, in Salon, wrote on Tuesday, "Since last fall, Herold has done peak estimates on about two dozen oil companies. Herold believes that the French oil company, Total S.A., will reach its peak production in 2007.

Herold expects 2008 to be critical, with Exxon Mobil Corp., ConocoPhillips Co., BP, Royal Dutch/Shell Group, and the Italian producer, Eni S.p.A., all hitting their peaks. In 2009, Herold expects ChevronTexaco Corp. to peak.

In Herold's view, each of the world's seven largest publicly traded oil companies will begin seeing production declines within the next 48 months or so." Says Herold Executive Vice President Richard Gordon: "If the dinosaurs are going extinct, we are trying to figure out which ones are going to go extinct the soonest."

What can you do? Single-engine taxi, take the proper amount of fuel, drive less-walk and bike more, switch to a higher gas-mileage car, write your political representatives.

Cliff
YIP

 

[atpcliff]

Hi!

Here is an article in FORBES, not some left-wing magazine, that explains that high oil prices are here to stay, because of basic supply and demand constraints.

http://www.forbes.com/business/energy/2005/03/11/cx_da_0311topnews.html
"Oil Crises Now And Then
Dan Ackman, 03.11.05, 9:30 AM ET
...
In real terms, oil prices were higher in 1981 than they are now. But they had fallen by half by 1986. As the early 1980s prices were caused by OPEC and politics, they eventually fell. Many oil prognosticators today say oil is more likely to stay high as the price is a function of ordinary supply and surging demand, especially in India and China. Indeed, this morning, the International Energy Agency raised its forecast for China's oil demand this year by 100,000 barrels per day to 500,000 barrels."

CLiff
YIP

 

[atpcliff]

Hi!

Here's what the CEO of ChevronTexaco had to say, compliments of Investors Business Daily:

http://www.investors.com/breakingnews.asp?journalid=26458788&brk=1

"Oil is no longer in plentiful supply. The time when we could count on cheap oil and even cheaper natural gas is clearly ending," ChevronTexaco Chairman David O'Reilly said in a recent speech."

Cliff
YIP

 

[G100driver]

Instead of worrying about what we are or are not going to do in ANWAR how about just raise the cost of airline tickets to what they cost to produce, .......

naaaaaaaa that is silly. Let all listen to what our Senators and G.W. Bush have to say about this

 

[Icelandair]

Anyone hear about Michael Savage's "Oil for Illegals" program? Pretty much Mexico should be giving us one barrel of oil for every illegal in the country to make up for the fact that they are causing our hospitals to go broke and sucking up money for free schooling and welfare services. That would help ease the price at the pump.