Pray tell sir, which demi god do you suppose will control the price of oil?

Bottom line is that politicos can't control world markets.

 

Well why not? Hillary promised to lower gasoline prices if elected!!!

 

As a rule they have a knack for making it more expensive in their home market: http://europe.theoildrum.com/node/2653

Promises without an explanation of how are frequently made.

 

Interesting essay refuting the onset of Peak Oil Theory.
http://online.wsj.com/article/SB1204...n_commentaries

 

Energy efficiency via new technology, not conservation is key.

As rates increase over the next few years the USD will rebound, barring a major geopolitical crisis~price of oil and gold will eventually retard and then retract, oil won't look like such a great speculative investment and Russia and Venzeuela won't be so cocky.

High price of oil is a direct side effect to a once robust but now confused world economy, this has far less to do with geology than one may think and that is good news for pilots.

This is the free market economy operating on a real time global scale and it will take some time to shake itself out just like in the housing inflation or recent and oil boom/bust periods in times past. This bubble is alot of hot air, lacking firmness and reality and it will eventually burst and take a lot of investors with it.

Peak oil, carbon footprint, deforesting, global warming, alternative energy is every bit an industry as much as it is a political movement. Buyer Beware.

EAHINC

 

Oil discoveries worldwide and the extraction of that oil has always followed Hubbert's peak...that's what makes Hubbert's peak so fascinating. The modern market place is built on oil...of course the market is going to deny the premise of Peak Oil. It's a hard pill to swallow for the market. The invisible hand likes to think that it can control everything, yet even the invisible hand is powered by a combustion engine...

Initially, the market will try to adapt to the changes brought about by Peak Oil. We're all seeing this right now as airline pilots. Look how much our wages and quality of life have sufferred since oil production has managed to not keep pace w/ demand. Most airline pilots are working more for less, in order to help compensate for rising fuel costs.

I've been hearing for years now from pilots who are "experts in the field" that oil prices are going to fall precipitously. That's a pipe dream. Everyone wants to believe that, but it's not going to happen. Then I hear folks gleefully announce that, adjusted for inflation, oil today is no more expensive than it was during the embargo. Well that's true, but it's also true that, adjusted for inflation, pilots 20 years ago made twice as much as they do today...so something here is not right.

Not many of the financial publications out there will admit it, but they've been claiming for years that what we're seeing right now w/ oil would never happen. They laughed at people who claimed oil would soon be over $100/bbl...how could they have gotten it so wrong?

The bottom line is that the forecast re: oil's price spike made by peak oil theorists years ago has actually happened. Maybe they just got lucky, I don't know, but the accuracy of their predictions makes me want to at least lend some credence to their ideas/viewpoint.

 

Up over $5 a bbl today. This kind of crap has to stop. Article in USA Today stated some "speculators" are being investigated for screwing around with airline fuel contracts and that "speculation" has propped up the price AT LEAST 10% above where it should be. It's about time these speculators were being looked at, but still way too late in my opinion. Glad to see our good friends in the middle east and the oil companies are at least making a small but meager profit............. (Apparently even though US consumption has dropped in the past few months, we DEMANDED 5% more oil today according to the "supply and demand" experts on this forum who say the price is tied to demand).

 

Even a broken watch is right twice a day....................

 

Ron Paul for President...I think he would really live up to his promises if he could overcome the senate and house.

 

I think this thread is burned out, outta gas, empty...