How high will oil go? I think 100/barrel....

[catnap1972]

Originally posted by: PatboyX
it only took a couple posts to compare a political party to hitler.
im impressed.

And it came from the right :Q

 

[dmcowen674]

Originally posted by: catnap1972

Originally posted by: PatboyX
it only took a couple posts to compare a political party to hitler.
im impressed.

And it came from the right :Q

at least the Right is now admitting to their ways of taking the Country down such a dark path, it's OK because the Religious wing which is the most dominant of the party gives it their blessing.

 

[5LiterMustang]

Originally posted by: ExpertNovice

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

You are suggesting that the politicians finally ignore the environmentalists? What about the liberal judges and lawyers who support the environmentalists?

At $100 US per barrel we are still under the $5 per gallon mark that the liberals wanted during the President Carter gas-rationing double-digit-inflation days.

Then, you should adjust for inflation so how about estimating $300 per barrel to make the environmentalists happy.

The good side to this is it could spur private enterprise to start mass producing alternatives and I don't mean the wacko alternatives.

It appears that in Texas two different groups have taken the Toyota Prias (am I spelling it correctly?) and replaced it with a larger battery and modified the software to recognize the larger battery. I'm sure it voids the warranty... In both cases the battery is fully charged at night by plugging it in to an electrical outlet.

One company has improved the gas mileage to 80 miles per gallon (I don't know their testing conditions... is it track, residential roads, highways, rush hour, combination of all) and the conversion costs about $3,000. This batter has a "short" (unspecified) life and is probably not very cheap.

Another company is using a lithium battery and getting 100 mpg. I don't know how much the conversion costs but the battery sells for $15,000.

We have looked at the Prias and I like the car for a commuter car. (It is horrible on the open road.) While waiting to see actual costs associated with maintenance, battery replacement, life expectancey, etc. we are holding on to my Wifes older car a 1993 Toyota Corolla. When we sold our last car (the one I drove) it was 12 years old and hers has now reached that same 12 years. Hers, however, is very cheap to maintain. Very.

You do realize plugging it into the wall at night defeats the purpose right? Where do you think that energy comes from? More than like its from an OIL power plant so all you do is switch the consumption from your car to your home.

 

[tw1164]

Originally posted by: BDawg

Originally posted by: EatSpam

Originally posted by: Thera
This is a free market, no politicians needed. If you don't like it walk.

Not a free market. That energy bill was a big gift of tax breaks to the oil companies...that alone should tell you that this isn't a free market.

Oil companies who claim the high price of gas is due to high oil prices and low refinery capacity all the while enjoying double digit profit percent increases.

Is that double digit profits, or double digit profit percent increases?

 

[5LiterMustang]

Originally posted by: catnap1972

Fat chance!

They'd just reduce the supply to meet (or be just below) demand in order to keep the price right where it is.

Some of you obviously flunked that part of economics.

uhhh...you obviously dont know crap about energy...as refining as a % of capacity approach and/or goes above 90% prices start to rise, the US has been between 91 and 98% capacity for well over a year, thats one reason prices are so high. HOWEVER, as the percentage drops below 70 it becomes very hard to justify keeping a refinery running. So if they simply cut back production to keep demand high, while at the same time their refining percentage is dropping they just shot themselves in the foot. And if it were as you say, why then did the energy companies allow oil to drop to 10/barrel in 1997? Simple, the oil is traded at what the market dictates NOT what the energy company(ies) dictates. You can just reduce supply then your effeciency goes out the window driving up refining costs, cutting deep into profit margins.

 

[RichPLS]

There is no refinery shortage problem, this is obvious, no gas stations are out of fuel, no long fuel lines, you can buy as much as you want at $3.00 a gallon.
It is market supply and demand, prices will rise until that balance is reached where maximum cash is being bilked from U.S. citizens.

 

[TastesLikeChicken]

Originally posted by: 5LiterMustang

Originally posted by: ExpertNovice

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

You are suggesting that the politicians finally ignore the environmentalists? What about the liberal judges and lawyers who support the environmentalists?

At $100 US per barrel we are still under the $5 per gallon mark that the liberals wanted during the President Carter gas-rationing double-digit-inflation days.

Then, you should adjust for inflation so how about estimating $300 per barrel to make the environmentalists happy.

The good side to this is it could spur private enterprise to start mass producing alternatives and I don't mean the wacko alternatives.

It appears that in Texas two different groups have taken the Toyota Prias (am I spelling it correctly?) and replaced it with a larger battery and modified the software to recognize the larger battery. I'm sure it voids the warranty... In both cases the battery is fully charged at night by plugging it in to an electrical outlet.

One company has improved the gas mileage to 80 miles per gallon (I don't know their testing conditions... is it track, residential roads, highways, rush hour, combination of all) and the conversion costs about $3,000. This batter has a "short" (unspecified) life and is probably not very cheap.

Another company is using a lithium battery and getting 100 mpg. I don't know how much the conversion costs but the battery sells for $15,000.

We have looked at the Prias and I like the car for a commuter car. (It is horrible on the open road.) While waiting to see actual costs associated with maintenance, battery replacement, life expectancey, etc. we are holding on to my Wifes older car a 1993 Toyota Corolla. When we sold our last car (the one I drove) it was 12 years old and hers has now reached that same 12 years. Hers, however, is very cheap to maintain. Very.

You do realize plugging it into the wall at night defeats the purpose right? Where do you think that energy comes from? More than like its from an OIL power plant so all you do is switch the consumption from your car to your home.

Oil fired plants are a minority in the US, so that's not necessarily true. But we're still burning coal or whatever fuel, so I understand your point. Additionally, coal-fired plants are the biggest contributors to atmospheric CO2, so we're robbing Peter to pay Paul no matter how you slice it.

 

[BDawg]

Originally posted by: tw1164

Originally posted by: BDawg

Originally posted by: EatSpam

Originally posted by: Thera
This is a free market, no politicians needed. If you don't like it walk.

Not a free market. That energy bill was a big gift of tax breaks to the oil companies...that alone should tell you that this isn't a free market.

Oil companies who claim the high price of gas is due to high oil prices and low refinery capacity all the while enjoying double digit profit percent increases.

Is that double digit profits, or double digit profit percent increases?

I'm pretty sure it's profit percent increases.

"We made $20 last quarter."

That doesn't sound so impressive, does it?

 

[piasabird]

If it gets much higher, I might start digging an Oil Well in my back yard or build an electric car.

 

[Bitek]

Originally posted by: TastesLikeChicken

Originally posted by: 5LiterMustang

Originally posted by: ExpertNovice

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

You are suggesting that the politicians finally ignore the environmentalists? What about the liberal judges and lawyers who support the environmentalists?

At $100 US per barrel we are still under the $5 per gallon mark that the liberals wanted during the President Carter gas-rationing double-digit-inflation days.

Then, you should adjust for inflation so how about estimating $300 per barrel to make the environmentalists happy.

The good side to this is it could spur private enterprise to start mass producing alternatives and I don't mean the wacko alternatives.

It appears that in Texas two different groups have taken the Toyota Prias (am I spelling it correctly?) and replaced it with a larger battery and modified the software to recognize the larger battery. I'm sure it voids the warranty... In both cases the battery is fully charged at night by plugging it in to an electrical outlet.

One company has improved the gas mileage to 80 miles per gallon (I don't know their testing conditions... is it track, residential roads, highways, rush hour, combination of all) and the conversion costs about $3,000. This batter has a "short" (unspecified) life and is probably not very cheap.

Another company is using a lithium battery and getting 100 mpg. I don't know how much the conversion costs but the battery sells for $15,000.

We have looked at the Prias and I like the car for a commuter car. (It is horrible on the open road.) While waiting to see actual costs associated with maintenance, battery replacement, life expectancey, etc. we are holding on to my Wifes older car a 1993 Toyota Corolla. When we sold our last car (the one I drove) it was 12 years old and hers has now reached that same 12 years. Hers, however, is very cheap to maintain. Very.

You do realize plugging it into the wall at night defeats the purpose right? Where do you think that energy comes from? More than like its from an OIL power plant so all you do is switch the consumption from your car to your home.

Oil fired plants are a minority in the US, so that's not necessarily true. But we're still burning coal or whatever fuel, so I understand your point. Additionally, coal-fired plants are the biggest contributors to atmospheric CO2, so we're robbing Peter to pay Paul no matter how you slice it.

But it does make some difference. Many power plants are gas-fired which are much more efficient and cleaner burning than than other fossil fuel sources. The net is that you contribute less carbon per unit energy than you would with other methods. Coal-fired would produce the most carbon per unit. Also, powerplants are designed for efficiency, where as a gas-engine must operate under dynamic and less than ideal conditions.

Also, I am doubtful on the nuclear-power/ Fuel-cell route as far as the energy future goes. Nuclear energy is actually quite expensive /MWHr when compared to fossil fuels, with gas being the cheapest. Nuke+new fuels cells may make the tech cost prohibitive, let alone all the security and disposal issues. Gas would be much more practical. Wind sources are actually quite cheap, but not heavily employed in this country (yet. )

Edit: OP: I think also $80 before $40. We've shown the market we are willing to pay higher prices (and not change driving patterns) so producers will have little incentive to lower prices. Hey, that's capitalism. How many of your companies give thier product away?