Any chance oil will be $200 a barrell in 4 years?

not military war but economical war
if you can not beat them then beat them in there own game!

 

biggest oil found near Brazil just yet!!
and more to come!

CANOE Money: - Massive oil deposit found near Brazil's coast

todays higher oil price make's way for better more expensive techniques to find oil

lets drop that oil price

 

Thats barely a years supply of oil for the US alone, expensive to get out and won't make any difference to the rising market price.

 

the thing is that there are more discovery's to come
better technology
with this technology we can search more off this earth for oil and gas.

its a start and these company's are saying to expect to find a lot more in the next years.

 

i really thought the market would close at 110 today, but damn 115.05..i have a feeling monday is going to be bad.

 

DON'T FEEL BAD

that the negative att that makes stock go up

only spreading the word that its bad bad bad

lets look positive!

more oil will be found...... there is still a large area to cover with better technology

 

there was an excellent article written back in 2002 or 2003 (dont remember which but was in response to a mexican oil field passing its peak) that did a (so far) near perfect job of predicting gas and oil prices. unfortunately, i cannot find it and i believe it was archived on a computer that has since been donated (win 98... no major contribution here...)

he predicted oil to plateau at $150 a barrel and gas to hover around $5-7 per gallon. he felt that even in very good economic times, we would simply be unable to absorb more than that. also at that price, this opens up several domestic NA sources that up till now were not feasible to pump further stabilizing oil prices.

he stated that at that rate, alternatives would then be affordable, so he predicted a massive amounts of BEV's etc. (he stated back then he thought hydrogen would take decades if it ever made it and he personally thought they never would)

each time we have had an oil shock, prices have settled higher. this time, the shock will be much greater and unlike the last ones, prices will not settle back to a "comfortable" place.

 

you should have waited until the EVENING news...oil hit $116.49

 

LOL.. you stole my words!

 

exactly
thats wy there is no concurs about prices rising like the sky is the limit
it wil limit and stabilize

 

Any chance the next big bailout will be for Wall Street scum that lost their asses when oil dropped from $140 to $36???

Any chance that that oil going from $70 to $140 to $36 all in 9 months had more to do with "speculation" than with "American consumption"???

Any chance Obama will drop the move to a "green energy economy" because it does not fit in the budget at $1.50 a gallon???

 

most experts say that oil will be higher than it was last summer but will not start to rise until we come out of the recession we are in right now. only when goods start to move again will fuel costs again rise

 

Theres always the chance that the dollar will be worth 0.20 Euros.That would equate to $200 oil.

 

Gordon Brown had some interesting comments on that yesterday. Basically, he said that we can't let low commodities prices take our focus away from developing alternatives to fossil fuels. The volatile energy markets are bad for everybody. I hope that we can continue to make progress towards more sustainable energy situation during these rather difficult times.

 

When we get out of this depression we are in (and make no mistake, it's a depression when layaways are on the way back), maybe then gas will go back up. But I do think we need to keep working on alternatives to dino fuels.

 

we never should have allowed the price of gas to get so low. personally i think that we need to pay for all these bailouts somehow and we should have imposed a variable tax up to a buck a gallon... put some money away to pay for a REAL energy program. as the price of gas goes back up. reduce or eliminate the extra tax. its simply irresponsible management of the government that is allowing them to NOT do this.

it will take more than 10 years to pay for what we have already given away UNDER THE BEST SCENARIO... and i am pretty sure we are a long way from seeing outstretched hands

 

Doesn't matter, crude oil is traded in US currency only.

 

That's not to say it always will be. If the US dollar proves unstable, we'll use something else.