Will Oil Make A New High This Time?

[jw33]

The middle east is blowing up, we about to go to war, invest in some nuclear bombs....

[Sean88gt]

[QUOTE=Vertnut;153632]

been hearing on the radio that if oil goes above $140 a barrel, Europe is going to be hit very hard and on the verge of collapse. They say $160 is not sustainable for Europe.


Gas is about $6 a gallon in Rome as we speak. If oil goes to $160, i'd guess they'll see about $9 a gallon, easy.

It was $9.xx(usd) in London last week.

[thesource]

If oil gets too high it will kill consumer spending and cause a whole new mess. In my opinion, we'll be back in a recession before it gets to $147 unless it shoots up overnight.

Its like getting into a fucking car wreck on the way home leaving the hospital after being in a full body cast for 6 months from the wreck you had on the way to the hospital for a piece of glass in your eye.

[mustangguy289]

I wonder what would happen in if we told these countries that why they are fighting we will not purchase their oil.

Everytime they fight we speculate here in the US, the sand crackers get more money and we suffer. Hell I would fight all the time if I were them.


How much reserves do we have and how long would it last?

[Captain Crawfish]

Invest in Liquid Natural Gas while its low. More things will be converting.

x2 18 wheelers will be the first to convert NG is too cheap and plentiful in the US. We would have to be idiots not to use it.

[Mr_Fiux]

Europe being affected by $9 gas? I doubt it, they would just wise up and take public transport. They have it pretty easy. My choices are limited here.

[mustangguy289]

Europe being affected by $9 gas? I doubt it, they would just wise up and take public transport. They have it pretty easy. My choices are limited here.

I will take my distance between neighbors and have to drive my own car anyday over living like most Europeans do in those crowded towns with mass transit.

[fordracing19]

Copper was $3.50+ ( a pound) a week or so ago around here. No where near that during the last oil highpoint.

I agree, oil will continue to rocket up and this shit will come to a big festering head soon.

The shit is going to hit the fan and it is going to be a scary ride for us little folk.

Stevo

Dad sold ~1000lb today for $4.12lb

[Mr_Fiux]

I will take my distance between neighbors and have to drive my own car anyday over living like most Europeans do in those crowded towns with mass transit.

I wouldn't most people don't even know each other here. There is no personal atmosphere. I like how Europeans live in a community where in a small village everyone knows each other.

Before you say it, there is no fucking way I am giving up my gun rights and moving over there. I rather drive as well. But that is the only reason I do so. I don't like driving, nor long distances. Fuck commuting.

[SMEGMA STENCH]

What's that magic gas price number that dooms us all? I heard somewhere that it was known that if gas reached something like 5.40 per gallon, its game over for the united states. As in, total economic collapse.

[SaTx04Lightning]

If it ever hit that point....i'll be the first to purchase a eletric hybrid vehicle that gets 60-70 mpg.

[Mr_Fiux]

If oil hits an all time high what on earth will I ever do!? I'll just go to the Racetrack and get a bunch of Mexicans to pull my car. (Paying them of course). Better yet I would make a wooden war chariot and get 6 Mexicans to pull my chariot, like in Colosseum times from the Roman empire. It would be the most epic scene ever. Invest in war chariots guys... This could be the next thing. I should get to work on this.

[SMEGMA STENCH]

If it ever hit that point....i'll be the first to purchase a eletric hybrid vehicle that gets 60-70 mpg.

No I mean there is no money left anywhere, we're all eating cockroaches to live. That kind of economic collapse.

[Denny]

Well, now that speculation is based more on real-time issues than it was back @ $147, I'll say it will smash that price. There will, however, be a few pull-backs along the way (like when people try to vut back before the realize they can't).

Don't bother fucking around with LNG and hybrids. This is going to be a world-altering event. You'll be more successful preparing you and your families for living within new means. I'd invest in horses and mountian bikes before a hybrid. Operational expenses will still be astronomical for those as well. Also, think beyond oil as just a fuel and lubricant and realize just how much petro-products are in our daily lives with just about everything (even the manufacturing of "eco-friendly" trinkettes that everyone thinks they'll aviod the petromonster with.

The world's depenence on this fossil fuel (yes, it is not abiotic) is ridiculous. The world's markets are no longer dollar-influenced. It is oil-influenced. As goes oil, so goes the rest of the world.

[Denny]

Money won't matter for too long anyway.