[JeeBoomba]

$this->bbcode_second_pass_quote('Kingcoal', 'W')ow, 147hp. My MDX has over 250hp.

[emersonbiggins]

$this->bbcode_second_pass_quote('Kingcoal', 'W')ow, 147hp. My MDX has over 250hp.

[0mar]

Diesel has way too big of a bad rap to catch on in America. Bring up diesel with most people and they'll talk about how much black smoke and pollution etc etc.

[Specop_007]

$this->bbcode_second_pass_quote('Kingcoal', 'W')ow, 147hp. My MDX has over 250hp.

[Marklar]

Oil executives are afraid that prices are going to fall. So what this means is we can keep the SUV and wasteful lifestyles.. Hooray! Whew, I thought I was going to have to conserve.
$this->bbcode_second_pass_quote('', 'H')old on to your gas guzzlers: Cheap oil may once again be just around the corner. Even as consumers worry about high gasoline prices and rising heating bills, oil executives in London, Texas and Saudi Arabia seem to be concerned about a prospect of falling oil prices.

[Heineken]

The solution is obvious, sayeth the American idiot. Own both an enormous SUV and a tiny hybrid. Then you're ready to meet all gas prices.

[FoxV]

$this->bbcode_second_pass_quote('', 'o')il executives in London, Texas and Saudi Arabia seem to be concerned about a prospect of falling oil prices.

[gt1370a]

$this->bbcode_second_pass_quote('Heineken', 'T')he solution is obvious, sayeth the American idiot. Own both an enormous SUV and a tiny hybrid. Then you're ready to meet all gas prices.

[EnergySpin]

$this->bbcode_second_pass_quote('gt1370a', '')$this->bbcode_second_pass_quote('Heineken', 'T')he solution is obvious, sayeth the American idiot. Own both an enormous SUV and a tiny hybrid. Then you're ready to meet all gas prices.

[Gary]

How much does it cost to implement newer technologies for finding, extracting, and refining oil?
How much will it cost to extract and refine and transport oil and refined products in the comong years?
Big oil has been making too much money, but could the bigger players be looking at the costs of working with oil sands on the one hand and hurricane-ridden GOM on the other?
How much will LNG transport infrastructure cost and how will it be paid for? How long before NG global peak if demand continues to climb?
My thought is that we will see the real cost of replacing the oil we burn, and sooner rather than later.

[Ancien_Opus]

Once bitten, twice shy.
The blood letting of the 1980's oil market collapse is all too fresh a memory for the major oil executives. This effect was caused by the market working correctly. The market will be come totally disfunctional once the inelastic effects of supply constriction occur. In my opinion, a roller coast ride of price volatility is in the offing. No one really knows what the future is holding and as supplies tighten, enter some crisis du jour terrorist/weather/accident so this fluctuation becomes what may pass for the time being as normal.
Most of the oil majors are only finding oil in the form of buying smaller companies. Their discovery rates are anemic and they are merely running
hard in place to keep production static. The hype is all around the new discoveries but look closely at total production because it is close to flat lining! The folks over at the oil drum have looked at this fairly closely.
Really amused by that "50 year project" quote from Lee Raymond of Exxon! Who in the hell does a 50 year project? Eisenhower was still president back then. The multigenerational Mercury/Gemini/Apollo only took about 12 years! That should give you some idea of the thought processes going on with these execs. They live from month-to-month and the deadline is always the quarterly report so give me a break.

[Seadragon]

The only thing useful in that article was the growth in demand projections...that's the real stuff. Keep your SUVs, though, you may be able to use them for a planter in the front yard.

[donshan]

1. Before cheap oil comes back the price of oil has to drop- by definition.
2. Since the oil market ( and all markets) move in a series of ups and downs, the first thing that has to happen before a new downtrend in oil prices begins is for the price of oil to drop below the last low price. i.e. establish a lower low. THAT requires a short term drop to below the $48/bbl price of last May. Then the price would go back up some, top out, and drop again to form a second lower low below the last one.
Here is the chart of WTI oil: [url=http://stockcharts.com/def/servlet/SC.web?c=$WTIC,uu[l,a]waclyyay[pb50!b200][vc60][iLh14,3!La12,26,9]&pref=G]Link[/url]
3. Instead of that series of lower lows the actual price chart is one of each low being higher than the previous one. We are still in an uptrend. The recent low of $56 is now history with the price starting a next cycle UP!. Over $60 today. Will it go to a new higher high? Ah that is the question we are waiting for. If the current price rise fails to go to a higher high and drops below $56 again they may have a point about cheaper oil coming. Has not happened yet.
Cheap oil is not coming back until a lower low occurs and the blue line 50 day moving average heads down. In fact most analysts would require that the spot price go below the red 200 day moving average in the lower right hand corner now at about $39 to signal a true long term return to cheap oil.

Charles Dow laid out this theory a century ago. If you want to know if the ocean tide is coming in or going out, mark any big waves distance up the beach with a stick in the sand. Wait a half an hour and see if the next big wave goes beyond your stick- the tide is coming in. If the big waves do not reach your stick the tide is going out. It works in all markets too! You establish the real trend this way, by ignoring the short term waves.
If you see any hint of cheaper oil in this oil price history now is the time to snap up several of those SUV "bargains".
If that WTI chart were a chart of daily temperatures would you say winter or summer is coming i. e. are higher or lower temperatures more probable?
BTW natural gas is up 22% in the last 6 trading days.
I am not holding my breath for cheaper oil!

[Seadragon]

I'd bet the farm (and I may, soon) on the big wave taking all of us out to sea...

[Leanan]

And you thought the Expedition was big

They were calling it the "Everest," until they realized that the name only drew attention to the vehicle's massive size.

[Sgs-Cruz]

Hey man, it's cool, it's not as big as the Excursion was.
$this->bbcode_second_pass_quote('', 'F')ord's new entry will be over 19 feet long, about 15 inches longer than the Expedition, and will boast significantly more cargo room behind its third row of seats, analysts say.
Unlike the Excursion, a 20-foot SUV built on a heavy-duty truck frame, it should be able to fit in most garages.

[Eli]

They should rename it the albatross.


The sad fact is that both GM and Ford are building vehicles that people no longer want. They are both so screwed.

[PrairieMule]

3 years ago I heard of Ford's concept suv the Supercruiser. It was a larger suv on a F350 long bed chassis vs the Excursion that was on a F250 chassis. I wonder if this is the same vehicle?

[o2ny]

Or could there be another, more subtle reason for the 'longer' SUV's
Bigger bodies require changes in car design
$this->bbcode_second_pass_quote('', 'A')utomakers are struggling with how to deal with a growing segment of buyers: obese Americans.

[Leanan]

I guess we just have to build bigger garages for the cars, then!