[Newsseeker]

From oil importing to the KSA this article covers most of the things that could send oil skyrocketing here in just a few months.

http://www.energybulletin.net/27521.html

[vision-master]

And how high will gas prices get this year?

[KevO]

$this->bbcode_second_pass_quote('vision-master', 'A')nd how high will gas prices get this year?

[vision-master]

$85 barrel? What's this? About $3.50 gal.

[Newsseeker]

$this->bbcode_second_pass_quote('vision-master', '$')85 barrel? What's this? About $3.50 gal.

[gnm]

$this->bbcode_second_pass_quote('vision-master', '$')85 barrel? What's this? About $3.50 gal.

[Twilight]

Here in the UK and 88p per litre petrol, we are ready.

We have had the pound digit in place since 2000.

[nth]

Nigeria is going into a civil war after Presidential elections.
What is his definition of a civil war?
I will say we are in a civil war, now!

US GoM discoveries are entering production all the time. In 5-6 years, we won't see anything different than in the next 3 years. It is not like they discover some field that was larger than fields past.

I am surprised no one mention that Cantarell has decline over 50kbpd this year based on unaudited numbers from Pemex. That is based on February numbers. At this pace, we will see at least 300kbpd of production drop. Sadly, Pemex engineers are predicting a drop similar to that number: somewhere north of 200kbpd.

[pea-jay]

$this->bbcode_second_pass_quote('gnm', '')$this->bbcode_second_pass_quote('vision-master', '$')85 barrel? What's this? About $3.50 gal.

[TreebeardsUncle]

Hi.
I talked to someone today in LA who thinks that gas will not reach $4/gallon while premium is already up to around $3.50 in some places around there. Denial runs strong. A lot of people seem to be generally unable to imagine things being significantly any different than they are now.

Geoff

[Eli]

The big problem will be the fact that the 4.00 gas is going to be able to drive up inflation.

That in turn will force the Fed to raise rates when that happens the stock market and the whole economy is going to tank.

[bshirt]

$this->bbcode_second_pass_quote('Eli', 'T')he big problem will be the fact that the 4.00 gas is going to be able to drive up inflation.

That in turn will force the Fed to raise rates when that happens the stock market and the whole economy is going to tank.

[Newsseeker]

$this->bbcode_second_pass_quote('bshirt', '')$this->bbcode_second_pass_quote('Eli', 'T')he big problem will be the fact that the 4.00 gas is going to be able to drive up inflation.

That in turn will force the Fed to raise rates when that happens the stock market and the whole economy is going to tank.

[TreebeardsUncle]

Hi.
Actually, folks, I don't think $4/gallon gas will really make that big an impact. Here in Ca, people are adjusting to $3/gallon gas without much of a problem at all. Still the idea is that it is just high due to the greedy oil companies machinations. People have difficulty in understanding physical limitations. They tend to just think in terms of economic and social competition.

Geoff

[lateStarter]

$this->bbcode_second_pass_quote('TreebeardsUncle', 'H')i.
Actually, folks, I don't think $4/gallon gas will really make that big an impact. Here in Ca, people are adjusting to $3/gallon gas without much of a problem at all. Still the idea is that it is just high due to the greedy oil companies machinations. People have difficulty in understanding physical limitations. They tend to just think in terms of economic and social competition.

Geoff

[Newsseeker]

$this->bbcode_second_pass_quote('lateStarter', '')$this->bbcode_second_pass_quote('TreebeardsUncle', 'H')i.
Actually, folks, I don't think $4/gallon gas will really make that big an impact. Here in Ca, people are adjusting to $3/gallon gas without much of a problem at all. Still the idea is that it is just high due to the greedy oil companies machinations. People have difficulty in understanding physical limitations. They tend to just think in terms of economic and social competition.

Geoff

[ColossalContrarian]

$this->bbcode_second_pass_quote('pea-jay', '')$this->bbcode_second_pass_quote('gnm', '')$this->bbcode_second_pass_quote('vision-master', '$')85 barrel? What's this? About $3.50 gal.