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

Why should OPEC keep using Dollars, especially if the currency falls in value? If OPEC switched to Euro's, we would be wiped out, overnight

 

The dollar seems to be doing pretty well at the moment. It's actually recovered quite a bit against the Pound Sterling since the summer.

 

what would they gain from wiping us out financially,,,, and the impact on the rest of the worlds economy would be?

besides,,, we are doing that ourselves currently. i do not see how the US economy remains viable without outside interference....

 

I look forward to gasoline at $10 gallon as in Europe. Many of us will be driving PHEVs and bypassing the fossil fuel stations for our daily trips. You need to watch "Crude Awakening" and "Heat" (Frontline, 21 Oct 2008). The future belongs to the efficient and conservative, not the "just go get more" short-term thinking crowd. At $10 gallon much of the "extra" goes to support public infrastructure - walking & bicycle routes, electric & high speed rail - all based on renewable & sustainable energy (solar, wind, geothermal, small hydro, efficiency & conservation).

 

careful what you wish for... $10/gal gasoline will be a economic crusher,,, what will the poor and middle income do,,, how do you afford to hear homes.

look at europe,,, you really want to be like them,,, economically? plus,,, to be like europe we better start building a hundred or so nuclear power plants :rockon:

curious,,, when do you think renewable sources of energy will provide more than 10% of all US needs?

 

$10/gallon gasoline, do you know how much circumstances would have to change for $10/gallon gas? @$4.00/gallon the demand caved-in.

 

$10/gal would kill detroit dead. gone are all those jobs we just spent tens of billions on..

heard the canadians threw a bit in to...

anyhow,,, some of these guys are off their rockers... and we have so much here in terms of oil and coal and oil shale to make gas for centuries....

 

Not soon enough. and what will the poor do? They'll be pushing for better rail & other public transportation infrastructure ... as europe has. As for 'being' like europe, would that be so bad? ... being more conscious of waste? ... more in tune w/ the environment? more public transportation?

 

the poor will be pushing for what? i work in manhattan,, we already have pretty good public transportation,,,, $10 gas would kill the poor here,,, and how do you propose them paying to heat their homes?

conscious of waste? come on, be serious.... there is a lot more to life than gas, and waste,,,, what about its effects on the economy?

 

That's what I'm really worried about. We're pretty much in a de facto state of Indentured Servitude as it is

So what if I have zero debt and savings put aside? At bank interest, it's a joke

 

Actually, that would be the best plan to get us through the next 50-70 years. Consider the Canadian designed CANDU is relatively safe, proven, and a *very* efficient breeder reactor that only needs natural uranium and thorium

One can even take plutonium from other reactor designs, and reburn in a Canda mixed-element bundle to annihilate the plutonium

Consider what a socialist country like France has done with their nuclear power program. It's embarrassing and shameful that we can't do the same. For awhile, Canada was on track to have a similar scheme, but in the mid 1990's we seem to have lost our will to do so

Now we have a critical shortage of medical isotopes because the Canadian government can't commit to replacing the ancient medical isotope reactor at Chalk River with the now-canceled MAPLE.

The Canadian Nuclear FAQ - Section H: Research Reactors

That ancient isotope unit at Chalk River produces almost ONE HALF of the total world supply of medical isotopes!

I'm sure you've heard that old saying: "S*** or get off the pot"

 

Don't even get me started. Or that vein in my forehead will explode

 

i understand... who thought our coconuts would have other friendly coconuts up north.... jeeze,,, we are all being governed by coconuts....

they're all crazy... like the big 3 will survive :mod:

hey,, for us,,, its about 1% of the total of all the money our coconuts have thrown down the drain...

 

Hmm, I hear my home right now for free...


:focus::bounce:

 

Oil trades i US dollars because the US uses most of it then whines about the Chinese and the Indians using too much when on a per capita basis they both use a tiny fraction of what the US uses.

 

really, and so what?

 

Careful, the vein in my forehead is visibly pulsating

 

Gasoline should be $10 gallon as in Europe. The "extra" helps support the infrastructure - universal health care, trains, etc. The $10 gallon "just is" and people deal with it. They do not cater to poverty and those who lack of education. It is more of a long-term, "least cost, end use" perspective. The US is 100 years behind Europe. A fleet of individual vehicles nationwide is not sustainable, whether electric or oil-based.

Germany charges about $0.30 kWh for electricity. This is high compared to most places in the US. But then Germany subsidizes long-term sustainable energy efficiency and energy production (wind, solar; more efficient architecture in houses and public buildings). The US has substituted oil for knowledge for too long. We now need to apply the knowledge and live more efficiently.

As pointed out by the Rocky Mountain Institute and the US Dept of Defense, using nuclear (fission) centralized energy to produce electricity is like using a chain saw to cut butter. It is overkill and makes an awful mess. Conservation and efficiency are much more cost effective as discussed in Winning the Oil Endgame (and emphasized in "Heat" and "Crude Awakening", recent Frontline videos). Using nuclear (fusion, solar) decentralized energy is cost effective for every school, business, home and government building. The problem is that utilities have not upgraded the quality and reliability of the grid. Having an inverter on each building "cleans up" electricity received from the grid (sine wave vs. spikey square wave flow of electrons).

Whether it is transportation, lighting, heating, cooling or electricity, using what we already have (efficiency and conservation) wisely is the most cost effective long-term solution. Germany and other countries realize this and are well positioned compared to the countries that continue to rely on short-term "just go get more."