PeakOil is You
Re: Another Oil price Record
Re: Another Record
by Zardoz » Fri 16 Nov 2007, 12:55:30
$this->bbcode_second_pass_quote('frankthetank', '.').. we can get this whole roller coaster ride over quicker. I think the high prices just delay this thing...
No, you don't want the roller coaster ride to end. You do want to delay this thing until the last possible second.
It is going to really, really suck when the ride comes to an end.
"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen
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Zardoz - Expert
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Re: Another Record
by Eli » Fri 16 Nov 2007, 13:10:34
I agree with that, we have been climbing up this last hill on the roller coaster for awhile.
We have ridden all the way to the top, but what we don't realize is there is no track on the other side.
I just don't see how energy hoarding will be avoided on the nation state level, as demand clearly outstrips supply.
We have ridden all the way to the top, but what we don't realize is there is no track on the other side.
I just don't see how energy hoarding will be avoided on the nation state level, as demand clearly outstrips supply.
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Eli - Intermediate Crude
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Re: Another Record
by shortonoil » Fri 16 Nov 2007, 13:13:48
Leanan said:
$this->bbcode_second_pass_quote('', 'I') think, whether we break $100 this week or not, the Long Emergency is going to be a lot longer than even Kunstler thought.
$this->bbcode_second_pass_quote('', 'I') think, whether we break $100 this week or not, the Long Emergency is going to be a lot longer than even Kunstler thought.
Kunstler’s Long Emergency will arrive and perhaps sooner than we might think. The cost of extracting and processing oil products, in energy terms, is increasing ; every day it takes more BTU to pump and refine a barrel of oil. At some point we hit a breaking point, an inflection in the curve; the function is not linear. Oil’s ERoEI has always been declining and allows will; it is as sure as the sun will rise tomorrow.
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shortonoil - False ETP Prophet
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Re: Another Record
by kevincarter » Fri 16 Nov 2007, 13:18:03
The way I see it oil was about to hit 100$, just days or hours before, then OPEC had to come and say.... something, whatever, just say something dude.
And then the market was like Ahhhhhhh, no problem. Had OPEC kept their mouth shout and it'd be over 100
But that Ahhhhhh is lasting little because is just words, and words are gone, gone with the wind.
So no matter what they say or what they do becasue this game is already over.
Am I sad to see the price go down? No, I'm glad to get some more time!
Am I sad to see the price go up?............. No
I really wonder what are they going to say nex time it reaches 98, any guesses?
And then the market was like Ahhhhhhh, no problem. Had OPEC kept their mouth shout and it'd be over 100
But that Ahhhhhh is lasting little because is just words, and words are gone, gone with the wind.
So no matter what they say or what they do becasue this game is already over.
Am I sad to see the price go down? No, I'm glad to get some more time!
Am I sad to see the price go up?............. No
I really wonder what are they going to say nex time it reaches 98, any guesses?
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Re: Another Record
by Eli » Fri 16 Nov 2007, 13:40:44
Well increasingly they are saying there is nothing we can do. In my short time here I have seen OPEC go from we have got it all under control, to we can't do anything. Also the dollar was king and the thought that OPEC would abandon the dollar peg was tin foil hat stuff, now? Many OPEC countries are moving away from the dollar.
Growth in places like the ME, China, and India cannot be stopped. They must grow to support their populations and just keep up with employment and food production. Their growth cannot be stopped unless it is hit with physical constraints, like PO.
Growth in places like the ME, China, and India cannot be stopped. They must grow to support their populations and just keep up with employment and food production. Their growth cannot be stopped unless it is hit with physical constraints, like PO.
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Eli - Intermediate Crude
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Re: Another Record
by shortonoil » Fri 16 Nov 2007, 13:41:17
kevincarter said:
$this->bbcode_second_pass_quote('', 'T')he way I see it oil was about to hit 100$, just days or hours before, then OPEC had to come and say.... something, whatever, just say something dude.
$this->bbcode_second_pass_quote('', 'T')he way I see it oil was about to hit 100$, just days or hours before, then OPEC had to come and say.... something, whatever, just say something dude.
NYMEX Crude Oil up $1.72
Every week their statements seem to have less and less effect, and they last for a shorter and shorter duration!
$this->bbcode_second_pass_quote('', 'I') really wonder what are they going to say nex time it reaches 98, any guesses?
At some point we might hear that Iran is a peace loving nation of vegetarians, and they are going to pump billions of barrels and sell to us for $3 a barrel?
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shortonoil - False ETP Prophet
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