[emersonbiggins]

$this->bbcode_second_pass_quote('LoneSnark', '')$this->bbcode_second_pass_quote('', 'A')hem... Diesel demand is driving the price of oil up.

[sittinguy]

BigTex, has it rite.
THE PRICE OF GAS DOES NOT MATTER!!!!

as long as its availible.

The first shortage should be very enlightening for some, terror, panic, hording for some. And for a few of us doomers,,,,,,,,, entertaining

As for the sleeping problem, do what I do ,,,,, Ambien

[LoneSnark]

To the best of my knowledge only third world governments have implimented price controls, and without them shortages are very hard to come by. As such, to say the price does not matter as long as it is available is akin to saying the enlightenment of which you speak, namely terror, panic, entertainment, will not likely occur.

[basil_hayden]

$this->bbcode_second_pass_quote('misterno', 'A')verage gas prices is not even $3.30 in the US and yet we are seeing huge demand destruction. Just look at EIA's weekly gas consumption figures and you will understand that people react to these high prices.

Prius and small car sales are exploding and people stopped buying SUVs. Imagine what is going to happen when it hits $4/gl

So the truth of the matter is, demand destruction will push the oil prices down.

Period.

[perdition79]

$this->bbcode_second_pass_quote('basil_hayden', 'E')very gallon we don't burn, Chindia does. There is no significant demand destruction yet, and oil prices will not come down significantly either.

[mos6507]

$this->bbcode_second_pass_quote('perdition79', '
')That's how I explain the danger of conservation to anyone who complains about gas prices. I lead with "Is America the only nation on the planet?"

[Ainan]

$this->bbcode_second_pass_quote('jlw61', '')$this->bbcode_second_pass_quote('GreenOil08', 'I') sure feel sorry for all those computer and tech nerds out there, they won't have a damn thing to do

[jlw61]

$this->bbcode_second_pass_quote('Ainan', 'T')here are quite a few low energy computers out these days using technology created for embedded systems. The one linked below 5w max, 500mhz, ubuntu or gentoo pre-installed, will do anything most users need at a tiny fraction of the energy cost. The nutritional energy in a banana could run this thing at max for 25.5 hours @ 110 Cals for the banana. You can check if thats right after you find a way to feed bananas to it.

http://www.fit-pc.com/new/

[misterno]

$this->bbcode_second_pass_quote('perdition79', '')$this->bbcode_second_pass_quote('basil_hayden', 'E')very gallon we don't burn, Chindia does. There is no significant demand destruction yet, and oil prices will not come down significantly either.

[KaiserCesar06]

$this->bbcode_second_pass_quote('misterno', '')$this->bbcode_second_pass_quote('perdition79', '')$this->bbcode_second_pass_quote('basil_hayden', 'E')very gallon we don't burn, Chindia does. There is no significant demand destruction yet, and oil prices will not come down significantly either.

[Gandalf_the_White]

$this->bbcode_second_pass_quote('pup55', '')$this->bbcode_second_pass_quote('', 'I') am worried. Can anyone else sleep at night?

[perdition79]

$this->bbcode_second_pass_quote('misterno', 'N')ow how can you imagine US having a much higher per capita income and much lower gas prices will have a demand destruction and Chindia with higher gas prices and much lower per capita income is not going to have DRASTIC demand destruction.

[Gandalf_the_White]

For every American who gets knocked out of the market to consume gasoline there are ten Chinese and another ten Indians waiting to get in. America established it's oil infrastructure and way of life when oil was cheap so expensive oil is a shock to our system, not so much so to those who are getting in with a little more reasonable perspective on what to expect from what remains of the world's oil supply. It does sound odd, but european nations are already handling $6 per gallon, but they did not build sprawling cities where you have to drive ten miles to get anything. They have compact little cities or cosmopolitan hubs with great rail service and bus lines and a very nice train service that can get you almost anywhere you want to go. Europe is well situated to handle peak oil. They will have some issues, as we see the gazprom worries, but America is so far behind in it's, well in even acknowledging that there is an energy issue to be faced.