[LadyRuby]

It's such a strange ride, this PO roller coaster. I watch oil prices going up and I feel anxious and yet somehow (sickly?) excited. Then oil prices come down and I feel relieved, less pressure, more time to prepare and plan, and yet a little disappointed somehow. What's with that?

How long can people ride this roller coaster before PO burnout takes hold?

[lapulapu]

the "markets" won't give you a good indication of PO. Those who really knows, ie Saudi/OPEC and oil co. insiders already own the assets, so they're not going to 'buy more in the market'. Those that needs to buy the oil futures to hedge, like airlines, either has already hedged or won't do it now because that will be admitting to everyone that they have no viable financial future and their stock price will dive.

For me, we'll know PO is here when we have 'shocks' where crude goes up $1-$2 each time and there's some excuse but the price never comes down and more press release from OPEC saying they'll produce more but the price never goes below the pre-'shock' level.

It'll be a slow 'creep' up with lots of zigs and zags in between. It'll be like me seeing myself in the mirror everyday so I don't notice I'm gotten fat until a relative I haven't seen in years tells me - 'boy you got fat'. The rise in oil price as we heads towards PO would be like that - IMHO

[Bas]

you just wanna see that you are right, right in what you have been telling people, it's natural. Stick around longer, read more, think more (I've been lucky to have studied economics in uni) so you really come to see the reality of this. It's going to be like the early 80's in my mind, starting this winter. Oil won't rise again until say november now, after that, peakoil will have started.

But really, this isn't going to be the end of the world, or even something close to it. It's not even going to be as bad as the 30's, trust me.

Bas

[Jack]

$this->bbcode_second_pass_quote('Bas', '
')But really, this isn't going to be the end of the world, or even something close to it. It's not even going to be as bad as the 30's, trust me.

Bas

[killJOY]

$this->bbcode_second_pass_quote('jack', 'P')erhaps you could be so kind as to explain your reasoning on this point?

[Bas]

hmmm, Jack, I see biotech boosting cropyields without artificial fertilizer, I see hybrid cars, I see biodiesel and I see worldpopulationgrowth already declining since the early 90's. I do see a decade of mostly recession, economic restructuring and inflation coming, but coming from very high income level, we have got more than enough fat to get through that, at least when we are compassionate and social enough to help the people that will lose their jobs (this isn't so much of a problem in Europe).

In the meanwhile Asia will continue to grow, though at a considerable slower pace as Western currencies will drop and their exports will to us will evoporate to some extend. Also they will start to buy more western products because of increase wealth in particular in China.

Bas

[gnm]

Uh, didn't world population INCREASE from th early 90's rather substantially? I mean saying that population growth is declining is like hey, we're still going to hell in a handbasket, BUT we're going SLOWER.....

oh goody.

-G

[Librarianne]

$this->bbcode_second_pass_quote('LadyRuby', 'I')t's such a strange ride, this PO roller coaster. I watch oil prices going up and I feel anxious and yet somehow (sickly?) excited. Then oil prices come down and I feel relieved, less pressure, more time to prepare and plan, and yet a little disappointed somehow. What's with that?

How long can people ride this roller coaster before PO burnout takes hold?

[rs]

I've been waiting for the day when filling up at the pump, the price guage will increase faster than the quantity.

Earlier this evening I filled up the car and the price at the pump was £0.96pence a litre. So it looks like it'll reach £1/litre by the end of the year.