[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('Eli', 'T')hat is a typical report find a reason for the decline whatever it may be it really doesn't matter.

The real reason we are seeing oil going down is because of margin calls and their are many people now betting we are headed into a recession and think we will have significant decline in oil demand.

These are professional traders I am talking about, a lot of them however have no idea what the fundamentals are behind oil.

[cat]

in the article that I read,

http://www.easybourse.com/Website/dynam ... sID=337830

it stated that they might consider raising output if oil continued above $100.

"If the market progresses (and rises above) $100 a barrel, I think the Saudis will push for something then and not wait until the December meeting," the official said. "

Now, because of this statement oil is back around $95. I kind of puts those traders in a weird position doesn't it?

[kadoomsoon]

Here is the future I have always known would exist ifor each of us in less than a few years, and the Wall street journal agrees this is a promising way to help us in our future!

Amazing how genius minds think alike!

Ooo, I wand one of these!

(Watch the video)

CLICK HERE

After Mogambidu goes to school we can all have one! I bet Ruperd Tictock is eager to have Merca lead into this golden new age.

Don't worry, everything is looking up, and just think, we can still have mind control when we get a few watts of electricity post peak just like Mogambidu has, a nice low voltage TV.

And our life values will change, for example, here is a quote from mogambidus sisters-
Two of Mr. Kamkwamba's six sisters stay up late studying for school. "Our lives are much happier now," Mrs. Kamkwamba says.

Why, if after peak, I could stay up late studying for school, I would be much happier too... Wow.

[kadoomsoon]

Actually I will forego the days of maintenance for this and resort to a bright young Peak oil lad, and choose his lifestyle...

[alokin]

I just read in "der Spiegel" that $4 a Gallon of petrol is about 0.7 EUR a liter - Isn't this ridiculously cheap?

[MacG]

Last time I filled up here it was the equivalent of $8.7 per gallon.

[drgoodword]

$this->bbcode_second_pass_quote('Drifter', '
')I expect an even bigger jump in gasoline prices, because it will have to catch up with oil prices sooner or later.

[joewp]

$this->bbcode_second_pass_quote('drgoodword', '
')When I mention this to people in conversation about the oil issue, they look at me like I'm from another planet. They just can't imagine that they are not already being maximally gouged at the pumps. And, of course, the oil companies are to blame for it all.

[TheDude]

Drifter, man, why didn't you excerpt this little nugget:

$this->bbcode_second_pass_quote('', 'U').S. drivers haven't radically changed their behavior, and it is unclear at what price it becomes unprofitable for Americans to go about their usual day-to-day activities, said Eric DeGesero, executive vice president of the Fuel Merchants Association of New Jersey.

"Maybe at $6 or $7 a gallon, it becomes less attractive to go to work," Mr. DeGesero said. "We haven't hit that point yet, but we might soon."

[frankthetank]

I think most people need a smack up side the head... and $6 gasoline should help accomplish that.

Bring it on. I wouldn't mind a little more peach and quiet... although the riots could get loud.

[Starvid]

The fools at WSJ doesn't appear to know that futures have no predicitive power. They are just bets. You might just as well divine gasoline prices from betting on horse races.

If you look at how the 6 month futures have behaved, you'll notice that they have always been trading at around $20 a barrel until the invasion of Iraq since when they have followed the oil price upwards.

Just look at what 6 month futures were trading for 6 months ago. $130 a barrel? Hardly.

[Heineken]

$this->bbcode_second_pass_quote('alokin', 'I') just read in "der Spiegel" that $4 a Gallon of petrol is about 0.7 EUR a liter - Isn't this ridiculously cheap?

[vision-master]

$this->bbcode_second_pass_quote('pstarr', '')$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('alokin', 'I') just read in "der Spiegel" that $4 a Gallon of petrol is about 0.7 EUR a liter - Isn't this ridiculously cheap?

[mmasters]

IMO they are testing and marketing some doom and gloom on the public to see how they respond and prepare them eventually for what will happen.

[arretium]

$this->bbcode_second_pass_quote('Heineken', '')$this->bbcode_second_pass_quote('alokin', 'I') just read in "der Spiegel" that $4 a Gallon of petrol is about 0.7 EUR a liter - Isn't this ridiculously cheap?

[TheDude]

$this->bbcode_second_pass_quote('Heineken', 'T')he efforts to adjust so far are laughable. For example, on the PBS "News Hour" last night they had a segment on gasoline prices, and the analysis concluded that the problem is mainly psychological. TOTALLY CLUELESS.

[TT]

$this->bbcode_second_pass_quote('Drifter', 'I') guess that's what bothers me most on this board. No offense, but a lot of Europeans posting here seem to be clueless about the large size of the US, the infrastructure system, and how utterly dependent Americans are on their cars. Hell, just the size of California state is larger than some European countries. What I am trying to say is YES, $4+ gasoline will be detrimental to the American system and infrastructure. The entire US infrastructure system was built around the availability of cheap gasoline and oil. That is why many of the posters here are more negative about their peak oil outlook. They understand that the US and it's infrastructure is just too large for any other technology besides cheap oil.

-America's rail system is practically non-existent.

-America's public transportation system is practically non-existent.

-Almost the entire US is held together by the trucking system. America's vast highway and road system requires massive amounts of energy to build and maintain.

-The average vegetable is transported over 1500 miles by truck. NOT grown locally. In may cases CANNOT be grown locally.

Yes, Europe and North America have very different sizes and infrastructures.

[Starvid]

High gas prices are perfect for me. First, I don't have a car so I don't give a shit how much gas costs. Or actually I do. Higher gas prices means more money to Exxon shareholders like me.

As gas prices increase, so does government tax revenue as the gas tax is linked to the gas price. Dearer gas -> even higher gas tax.

Which means the government becomes flush with money and has been signaling lower income taxes. Yay!