[Cog]

The amount of energy used to extract oil is trivial in comparison to the energy gained. Cost/Benefit is the only thing that matter when drilling for oil.

[KaiserJeep]

Yes, and back around 1900, you got back 30 barrels or so when you invested one barrel of energy. Today an average conventional well averages less than 5 barrels, and the tar sands less than 3. The trend lines are not good. But if you've hung around here for a while, you know that. When the numbers get down below 2 barrels, we either have to use better extraction tech, or cap it off. When that happens to the average well, the age of oil has effectively ended.

[vtsnowedin]

$this->bbcode_second_pass_quote('KaiserJeep', ' ') I have decided to indulge her and allow her to get whatever she wants, including another Jeep. .

[Newfie]

VT,
Spot on!

[KaiserJeep]

Of course I take care to work on the marriage. But I am retired and she is still working, so she gets privileges to go with earned income.

[vtsnowedin]

$this->bbcode_second_pass_quote('KaiserJeep', 'O')f course I take care to work on the marriage. But I am retired and she is still working, so she gets privileges to go with earned income.

[KaiserJeep]

Nope. Equal partnership, never any other way for 42 years. I earned more, she has worked longer, but we remain equal partners. She did allow me to buy a couple of Italian sports cars and a '67 Kaiser Jeep, not to mention a new Wrangler Rubicon. If she buys another Jeep, it'll be her third new one.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('dinopello', 'W')e have been greening our work force - hiring younger/cheaper engineers. At least half of these 20 somethings don't even own cars. They think driving is stupid and especially the cost of owning. They would rather spend it at whole foods.

[AdamB]

$this->bbcode_second_pass_quote('onlooker', 'A')dam you have absolutely no insight into the the state of the oil plays we are now forced to resign ourselves to.

[AdamB]

$this->bbcode_second_pass_quote('Cog', 'T')he amount of energy used to extract oil is trivial in comparison to the energy gained. Cost/Benefit is the only thing that matter when drilling for oil.

[Cog]

I've been around doomers a very long time. Even considered myself one. Its the end state that drives the facts they will receive and those that they reject. They view the world ending in some sort of Mad Max future where billions die, pretty much instantly. Everything stops. Now it doesn't matter which facts counteract that scenario. Those are inconvenient facts and can be disregarded. That is why the doomers who thought the high price of oil would lead to collapse have no problem adopting the idea that low price of oil will lead to collapse. Everything they choose to observe leads to the same end state, that being collapse. There are no other possibilities for a doomer.

This does not mean that is all is right with the world. We do have to deal with the fact that oil is not infinite and transition away from it. My solution is to let price do that and it will in time.

[Subjectivist]

$this->bbcode_second_pass_quote('Outcast_Searcher', '')$this->bbcode_second_pass_quote('dinopello', 'W')e have been greening our work force - hiring younger/cheaper engineers. At least half of these 20 somethings don't even own cars. They think driving is stupid and especially the cost of owning. They would rather spend it at whole foods.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('Subjectivist', '
')When I visited D.C. As a tourist a few years ago I was very impressed with the Metro rail system. If Toledo had a system like that I wouldn't need a car either.

[AdamB]

$this->bbcode_second_pass_quote('Cog', ' ')We do have to deal with the fact that oil is not infinite and transition away from it. My solution is to let price do that and it will in time.

[AdamB]

$this->bbcode_second_pass_quote('Subjectivist', '
')When I visited D.C. As a tourist a few years ago I was very impressed with the Metro rail system. If Toledo had a system like that I wouldn't need a car either.

[Cog]

$this->bbcode_second_pass_quote('AdamB', '')$this->bbcode_second_pass_quote('Cog', ' ')We do have to deal with the fact that oil is not infinite and transition away from it. My solution is to let price do that and it will in time.

[sparky]

.
I'm not sure if this is relevant but city driving speed and public parking size have shrunk to the point where a smaller car make plenty of sense , there is less small country folks and more city dwellers now .

[evilgenius]

The looming death of Sears, JCPenny, Macy's and no talk of how much internet shopping has changed demand for gasoline? People aren't going shopping as much as they used to. They are looking stuff up on the net. It used to be that even when they shopped online they went to the stores, but the stores have gotten more clever at not stocking exactly what you see online. Also, there has been a greater development of comments concerning products for sale online. Online retailers actually encourage that, even if the reviews are bad, because the mere presence of reviews gives people confidence, and if people leave the site they may not come back. There is a lot of competition.

Unrelated to that, car insurance is going up. My insurance just rose almost a hundred bucks for six months. When I saw that I called a broker friend of mine. He couldn't find me anything cheaper. He said everybody is raising their rates. He said they are citing cheaper gasoline, that it will cause people to drive more and increase their liability.

When my broker friend said that the first thing that occurred to me was that I ought to buy insurance company stock. Then I started thinking about all the other times I've seen similar things happen, and they did not translate into higher stock prices. There is always some hidden cost that is not so evident on the balance sheet that they can use to write down a windfall like this, unless it would boost the value of stock options, or the windfall doesn't beat analyst's expectations. The little guy never wins unless he coincidentally wants to do what the rich guy is already planning. I know I'm being cynical, but I can see that insurance companies are about to make a windfall and I am still not going to buy their stock.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('evilgenius', '
')Unrelated to that, car insurance is going up. My insurance just rose almost a hundred bucks for six months. When I saw that I called a broker friend of mine. He couldn't find me anything cheaper. He said everybody is raising their rates. He said they are citing cheaper gasoline, that it will cause people to drive more and increase their liability.

[Outcast_Searcher]

$this->bbcode_second_pass_quote('evilgenius', 'T')he looming death of Sears, JCPenny, Macy's and no talk of how much internet shopping has changed demand for gasoline? People aren't going shopping as much as they used to. They are looking stuff up on the net. It used to be that even when they shopped online they went to the stores, but the stores have gotten more clever at not stocking exactly what you see online. Also, there has been a greater development of comments concerning products for sale online. Online retailers actually encourage that, even if the reviews are bad, because the mere presence of reviews gives people confidence, and if people leave the site they may not come back. There is a lot of competition.