When it comes to the Oil situation, supposedly it's only going to get worse.

[Soundwave]

http://www.lifeaftertheoilcrash.net

It's a good read. Not saying it's 100% right, or even 1% right, but it's definately a frightening outlook of the future. I'd like you guys to let me know what you think of it.

 

[brink's]

Very interesting, me and my friend talked about this today and according to this article he was right and i was wrong. I thought we had about 100 good years of oil left but he said only 40 to 50.

 

[Top Secret]

Hahaha! I was actually engaged in that shit until I realised the guy is just trying to SELL HIS BOOK.

 

[Letters]

It was funny when it started talking about ordering some book.

Ed: Yaya, what TopSecret say.

 

[brink's]

Hahaha! I was actually engaged in that shit until I realised the guy is just trying to SELL HIS BOOK.

well don't I feel like a dink for not reading the whole thing.......lol

 

[DarkStar]

I'll bet you guys 100 bucks that oil prices drop sharply right before the election. Bush has had this rigged with his Saudi oil buddies for months and months. No doubt that we're going to run out of oil eventually, but this latest "crisis" has been a political machination all along.

 

[Soundwave]

That whole thing with his book, normally I would agree with you. However, he didn't add that until very recently, and if you guys checked around, this is not the only site addressing this issue. Seriously, read what the guy has to say, screw worrying about his book.

 

[blahblahblah]

I'll bet you guys 100 bucks that oil prices drop sharply right before the election. Bush has had this rigged with his Saudi oil buddies for months and months. No doubt that we're going to run out of oil eventually, but this latest "crisis" has been a political machination all along.

I hope your are being sarcastic because you aren't making any sense.

In case your aren't being sarcastic, let me do a little game with you. Its called connect the dots.

1) The american public likes a growing economy (more, higher paying jobs)
2) Low import prices/inflation help our economy grow faster. That means high oil prices slows down our economy and artifically creates inflation.
3) Most peopel directly attribute economic performance to the president (which happens to be wrong)
4) So if gas prices were high during a presidents stay in office, the economy would falter, and he would not get re-elected. If he wanted to ensure re-election, he would "somehow" fix gas prices for 4 years in office, to make him look really good. Oil Prices right now are doing a great job of keeping economic growth to a minimum (which means fewer, lower paying jobs)
5) Even having one OPEC country agreeing to your plan would not increase oil supplies enough to reduce prices. In case you don't know what OPEC is, it is a oliogopoly established to fix oil prices. President Bush has little say or influence on oil prices.
6) If you want to blame somebody either blame OPEC or the country of China entering in the Industrial/Modern age at full swing.

Please don't say random things you have no idea where you pulled them out off.

~~~

The writer of the article underestimates how fast and agile the world can be. It has taken the US under 20 years to fully adopt the Internet. That even includes the time and the cost of creating an infrastructure. I have no doubt that the US can do the same on some sort of renewable energy source.

 

[moz4rt]

I hope your are being sarcastic because you aren't making any sense.

In case your aren't being sarcastic, let me do a little game with you. Its called connect the dots.

1) The american public likes a growing economy (more, higher paying jobs)
2) Low import prices/inflation help our economy grow faster. That means high oil prices slows down our economy and artifically creates inflation.
3) Most peopel directly attribute economic performance to the president (which happens to be wrong)
4) So if gas prices were high during a presidents stay in office, the economy would falter, and he would not get re-elected. If he wanted to ensure re-election, he would "somehow" fix gas prices for 4 years in office, to make him look really good. Oil Prices right now are doing a great job of keeping economic growth to a minimum (which means fewer, lower paying jobs)
5) Even having one OPEC country agreeing to your plan would not increase oil supplies enough to reduce prices. In case you don't know what OPEC is, it is a oliogopoly established to fix oil prices. President Bush has little say or influence on oil prices.
6) If you want to blame somebody either blame OPEC or the country of China entering in the Industrial/Modern age at full swing.

Please don't say random things you have no idea where you pulled them out off.

~~~

The writer of the article underestimates how fast and agile the world can be. It has taken the US under 20 years to fully adopt the Internet. That even includes the time and the cost of creating an infrastructure. I have no doubt that the US can do the same on some sort of renewable energy source.

Dude, you nailed it!!

 

[Soundwave]

To add another side to this issue, here's a website refuting the claims of peak oil:

http://www.davesweb.cnchost.com/nwsltr52.html

Remember, I'm not saying the oil crash stuff is completely legit. What I WILL say is the possibility of it scares the shit out of me. I'm not looking to start a vicious debate of name-calling and the like, so don't turn it into one

 

[DarkStar]

I hope your are being sarcastic because you aren't making any sense.

In case your aren't being sarcastic, let me do a little game with you. Its called connect the dots.

1) The american public likes a growing economy (more, higher paying jobs)
2) Low import prices/inflation help our economy grow faster. That means high oil prices slows down our economy and artifically creates inflation.
3) Most peopel directly attribute economic performance to the president (which happens to be wrong)
4) So if gas prices were high during a presidents stay in office, the economy would falter, and he would not get re-elected. If he wanted to ensure re-election, he would "somehow" fix gas prices for 4 years in office, to make him look really good. Oil Prices right now are doing a great job of keeping economic growth to a minimum (which means fewer, lower paying jobs)
5) Even having one OPEC country agreeing to your plan would not increase oil supplies enough to reduce prices. In case you don't know what OPEC is, it is a oliogopoly established to fix oil prices. President Bush has little say or influence on oil prices.
6) If you want to blame somebody either blame OPEC or the country of China entering in the Industrial/Modern age at full swing.

Please don't say random things you have no idea where you pulled them out off.

I agree with you that most Americans wrongly blame the president for the relative strength/weakness of the economy, which is completely baseless because the president has very little control of the economic cycle. But the current economic slump isn't due to high oil prices, the recession started long before oil prices went through the roof. Even Bush doesn't have enough clout to convince OPEC to keep oil prices low throughout his entire presidency, that would mean he completely controlled the market -- which is ludicrous.

But IMHO the Administation does have enough clout with the Saudi ambassador Prince Bandar bin Sultan and his OPEC cronies to create a temporary slump in oil prices right before the election. This temporary fall in gas prices will undoubtedly make him look good in the eyes of the ignorant American gas-guzzling public. If you doubt how much sway Bush has on OPEC and the powerful families of the Middle East I suggest you go and see Micheal Moore's upcoming documentary "Farenheit 9/11." Furthermore, it has been a longstanding trend for gas prices to rise during the spring, only to fall right before the summer driving season. Watch as gas prices begin to fall in the upcoming months.

Also, you're obviously very intelligent so please don't be so condescending in the future. It just makes you look arrogant.

 

[blahblahblah]

I agree with you that most Americans wrongly blame the president for the relative strength/weakness of the economy, which is completely baseless because the president has very little control of the economic cycle. But the current economic slump isn't due to high oil prices, the recession started long before oil prices went through the roof. Even Bush doesn't have enough clout to convince OPEC to keep oil prices low throughout his entire presidency, that would mean he completely controlled the market -- which is ludicrous.

But IMHO the Administation does have enough clout with the Saudi ambassador Prince Bandar bin Sultan and his OPEC cronies to create a temporary slump in oil prices right before the election. This temporary fall in gas prices will undoubtedly make him look good in the eyes of the ignorant American gas-guzzling public. If you doubt how much sway Bush has on OPEC and the powerful families of the Middle East I suggest you go and see Micheal Moore's upcoming documentary "Farenheit 9/11." Furthermore, it has been a longstanding trend for gas prices to rise during the spring, only to fall right before the summer driving season. Watch as gas prices begin to fall in the upcoming months.

Also, you're obviously very intelligent so please don't be so condescending in the future. It just makes you look arrogant.

Sorry about the arrogance. When I read your first post it made me go off. :cheers:

But, I need to correct you on a few things.

Our current ecomic performance has/is being hampered by high oil prices. If I remember correctly, the cost of energy (in general) has risen 28% over the last year. Companies usually do not/cannot raise prices in anticipation of a rise in prices. As a result, this eats in to their profits which means they will spend less money on hiring people/pay raises. That means our economy does not grow as fast as it should be. So, yes oil prices had a negligible effect on the recent recession. But, we are currently in a period of economic expansion which is being hampered by these high gas prices.

As for a decrease in gas prices, it probably is unlikely. Your logic is based off of a closed economy which existed until very recently. We now have globalization which means every country is competing for the same resources at the same prices. So if Saudi Arabia puts out another million barrels of oil, it will have a limited effect on US gas prices. This is because other countries will want to purchase that extra oil.

Related, China has had a tremendous amount of economic growth over the past couple of years. As a result, China has developed a need to buy large amounts of rare resources (oil, copper, scrap metal) and has caused prices to increase dramatically in the marketplace. Like I said above, if Saudi Arabia decided to release more oil, there is a good chance China may try to take that extra oil to help fuel their economy. And that would negate any potential benefit.

You have to remember that OPEC is an oliogopoly that is primarily in control of a valuable commodity. So they have a huge role in determining the economic future of the US and the world. It actually hurts OPEC countries if the US/world enters into a recession. At the same time, OPEC wants to keep prices as high as possible to increase their profits. If OPEC increase output, it will only be in a direct response to the inflation/economic recession that we are currently having; not President Bush flexing his diplomatic/military muscles. Ironically, it seems like around election time, OPEC will have to have to increase oil supplies to help combat the inflation we are having. Unless the US has rescinded its decision to prohibit CIA assassinations, I doubt president Bush has much influence on OPEC. But I could be wrong.

 

[DarkStar]

We'll just have to wait and see what happens I guess. You make a good point about China's recent growth. 1 billion people all buying refrigerators and cars within the past few years cannot help world enery supplies. I think we can both agree that humanity is going to have to try and find alternate sources of energy sooner or later. Hopefully we can make the switch before its too late.

 

[crabcakes66]

Im sure we can all agree the war in Iraq is not helping things.

 

[DEATH eVADER]

1. Worldwide oil production would plateau sometime around the year 2000.



2. Within a few years of the plateau, the US would invade Iraq under false pretenses, depose Saddam, seize the oil fields, and set up an occupational government.

And this was predicted in 1997?

 

[clarky003]

so will anyone be buying petrol for their car, 'if' in 5 years a gallon costs 5 or 6 dollars,? (3 or 4 pounds) thats someting like $200 dollars to fill you tank lol

its £40 or 50 to fill your tank over here at the moment, and it just keeps going up although it may come down a little now and then temporalily.. the car manufactures are in for some fun theres no denying that those questions on that site are very important, probably more important than any rant that we end up yatting on about.