[yesplease]

$this->bbcode_second_pass_quote('dohboi', 'I') see no end in sight for this exponential curve

[dohboi]

Yes indeed, we have a wealth of troubles ahead--truly an embarrassment of riches.

Did I see Tapis at $130?

[shortonoil]

dohboi said:

$this->bbcode_second_pass_quote('', 'P')rices have been doubling about every two years since 2000 when they were way down around $10! I see no end in sight for this exponential curve, except perhaps the end of the grand old USD.

[sameu]

makes me long to the period of denial

[Starvid]

$this->bbcode_second_pass_quote('shortonoil', 'T')his is not about oil, it about energy.

[Ferretlover]

$this->bbcode_second_pass_quote('dohboi', 'M')ost of the MSM will stay in denial mode, and they're explanations and rationalizations will get wackier and zanier, but many will believe because they need to. ...

[threadbear]

Ferretgirl, Amazingly cute ferret. We have lots of wild mink around here, and they are remarkably strong and tough as hell- wolverine like. I imagine ferrets are much the same, cute but tough!

[Ferretlover]

$this->bbcode_second_pass_quote('threadbear', 'F')erretgirl, Amazingly cute ferret. We have lots of wild mink around here, and they are remarkably strong and tough as hell- wolverine like. I imagine ferrets are much the same, cute but tough!

[Gazzatrone]

$this->bbcode_second_pass_quote('Ferretlover', 'F')errets, minks, wolverines, river otters-all the same family. Ferrets are just domesticated, charming (ancestors of the future tribbles! ), and totally adorable!

[yesplease]

$this->bbcode_second_pass_quote('Starvid', '')$this->bbcode_second_pass_quote('shortonoil', 'T')his is not about oil, it about energy.

[idiom]

Actually is a apathy crisis.

The global d00m scenarios basically argue about how broadly America takes everyone else down with the ship.

[yesplease]

How can America take everyone else down with the ship, do all those other countries have to have America's permission to minimize oil consumption or something?

[Starvid]

If those numbers had been compared to 1970 or 1975 instead of 1980, they would have said -50 % instead of -32 %.

The US is much like Sweden. A big pretty sparsely populated country were people love big strong gas guzzling cars. If the US just does what Sweden did they could first get rid of that +21 % increase (go from 20 mbpd to 16) and then halve consumption, like we did. That would mean consuming 8 mbpd, pretty much eliminating oil imports entirely.

That 12 mbpd cut, taken togheter with the possible saving of 15 mbpd just in emerging market substitution of non-transport sector oil to coal, gas and electricity would go quite a bit.

27 mbpd is not chump change. It's almost the oil output of OPEC. Off course, these changes don't happen overnight. But then, neither does oil depletion.

[GoghGoner]

$this->bbcode_second_pass_quote('Starvid', 'I')f the US just does what Sweden did they could first get rid of that +21 % increase (go from 20 mbpd to 16) and then halve consumption, like we did. That would mean consuming 8 mbpd, pretty much eliminating oil imports entirely.

That 12 mbpd cut, taken togheter with the possible saving of 15 mbpd just in emerging market substitution of non-transport sector oil to coal, gas and electricity would go quite a bit.

[yesplease]

$this->bbcode_second_pass_quote('GoghGoner', 'I')t is a good point regarding the excess in the US consumption, however, passenger cars account for 40% of the toal US consumption of oil..

[GoghGoner]

$this->bbcode_second_pass_quote('yesplease', '')$this->bbcode_second_pass_quote('GoghGoner', 'I')t is a good point regarding the excess in the US consumption, however, passenger cars account for 40% of the toal US consumption of oil..

[lowem]

Earlier in the day-time over here, Bloomberg was mumbling something about oil prices due for a correction because it had gone up "too far too fast" or something of the sort. I sort of grumbled and remarked to my friend that we'll probably do the reverse.

And here we are, it's night-time this side and morning-time New York side, and with the brand new day, we have a brand new record. Crude oil on NYMEX just went someplace north of $126.30 a while ago.

[lowem]

The NYMEX CSO page just got updated.
And the new record is $126.40.

Okay y'all Americans can take over now. I might wake up to a brand new record or a brand new world, who knows

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('', 'O')kay y'all Americans can take over now. I might wake up to a brand new record or a brand new world, who knows

[dorlomin]

$this->bbcode_second_pass_quote('lowem', 'T')he NYMEX CSO page just got updated.
And the new record is $126.40.

Okay y'all Americans can take over now. I might wake up to a brand new record or a brand new world, who knows