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I think this is the beginnings of an economy based on perpetual growth and fossil fuel energy running headlong into geological energy constraints. Basically I see an undulatory downward path for the rest of my life. From here out, I think any rallies in our economic condition are going to be met with spiking commodity prices that knock us right back down.

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Peakoil.com :: View topic - Oil prices fall below $131... peak oil is DEFEATED !!!
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Oil prices fall below $131... peak oil is DEFEATED !!!

 
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ClassicSpiderman
Heavy Crude
Heavy Crude


Joined: Mar 16, 2006
Posts: 253
Location: Calgary

PostPosted: Fri May 23, 2008 10:05 am    Post subject: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

I bet that the "peak oilists" who were predicting $200 a barrel are pretty embarassed now, huh? Smile

Read it and weep, peak oil "doom porn fans" !!!!

http://seattletimes.nwsource.com/html/businesstechnology/2004433410_stox23.html
Oil prices' slight dip welcomed By TIM PARADIS ...

NEW YORK — Wall Street steadied itself Thursday after two sessions of steep declines, rebounding moderately as oil prices stepped back from their frenetic upward run.

The Dow Jones industrial average rose 24.43 to 12,625.62. ...

Oil set another trading record overnight — moving above $135 a barrel for the first time — then pulled back below $131, offering some relief for investors.
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gnm
Expert
Expert


Joined: Jul 08, 2004
Posts: 2721
Location: plundering eco-villages

PostPosted: Fri May 23, 2008 10:13 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

You forgot the "/sarcasm"

You're not serious are you? Shocked

-G
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I Have and will continue to vote against ANY politician who supports the various bailouts. Curse you for selling out our future for status quo now!
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eXpat
Light Sweet Crude
Light Sweet Crude


Joined: Jun 08, 2006
Posts: 1044

PostPosted: Fri May 23, 2008 10:38 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

We are saved!!!!, we have enter Utopia! robots will work for us and will colonize the starts!
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Stocking up on popcorn Smile
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Kingcoal
Expert
Expert


Joined: Sep 29, 2004
Posts: 2330
Location: Pennsylvania, USA

PostPosted: Fri May 23, 2008 11:20 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

I'm relieved, here I thought I'd have to cut back!
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"That's the problem with mercy, kid... It just ain't professional" - Fast Eddie, The Color of Money
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peasea
Tar Sands
Tar Sands


Joined: Jul 26, 2007
Posts: 48

PostPosted: Fri May 23, 2008 11:28 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

LoL!

much needed friday humour !

after all its ONLY double what it was last year innit ?

and

"Oil set another trading record overnight — moving above $135 a barrel for the first time — then pulled back below $131, offering some relief for investors."

relief ? wot ? rest rooms ? Smile

$4.00 relief - about tuppence at the pumps ?
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TheDude
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Joined: Apr 06, 2006
Posts: 3623
Location: 3 miles NW of Champoeg, Republic of Cascadia

PostPosted: Fri May 23, 2008 11:47 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

gnm wrote:
You forgot the "/sarcasm"
You're not serious are you? Shocked
-G

You've been here four years and you haven't learned code yet? Laughing

[/sarcasm]

Come on, man. It's gone through the floor - $130.44! Party on dudes! We're saved! BAU Forever! OPEC is providing more supply! Admittedly it's all going to Asia! But! Twisted Evil
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Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe?
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gnm
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Joined: Jul 08, 2004
Posts: 2721
Location: plundering eco-villages

PostPosted: Fri May 23, 2008 11:59 am    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

TheDude wrote:
gnm wrote:
You forgot the "/sarcasm"
You're not serious are you? Shocked
-G

You've been here four years and you haven't learned code yet? Laughing
[/sarcasm]

01010011 01101111 01110010 01110010 01111001 00100000 01001001 00100111 01101101 00100000 01100001 00100000 01100010 01101001 01110100 00100000 01101111 01100110 00100000 01100001 00100000 01001100 01110101 01100100 01100100 01101001 01110100 01100101 00100000 01100001 01101110 01100100 00100000 01100100 01101111 01101110 00100111 01110100 00100000 01101011 01101110 01101111 01110111 00100000 01110100 01101000 01100001 01110100 00100000 01100110 01100001 01101110 01100011 01111001 00100000 01101110 01100101 01110111 00100000 01100011 01101111 01100100 01100101 00101110

-G
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I Have and will continue to vote against ANY politician who supports the various bailouts. Curse you for selling out our future for status quo now!
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ThunderChunky
Tar Sands
Tar Sands


Joined: Dec 09, 2005
Posts: 79

PostPosted: Fri May 23, 2008 12:27 pm    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

Beat that strawman, beat him down!
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alwayslean
Coal
Coal


Joined: May 23, 2008
Posts: 2

PostPosted: Fri May 23, 2008 12:48 pm    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

People have been talking about oil running out for so long, this is hardly even considered newsworthy. People will only take notice when it is way too late.

10% a month = 300% in a year

maybe we shouldn't be laughing about this?
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Revi
Fusion
Fusion


Joined: Apr 25, 2005
Posts: 3460
Location: Maine

PostPosted: Fri May 23, 2008 12:54 pm    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

It's all over. Thank god. I think we're going to get an Avalanche now. When will gas start to go down? Soon?

It just went up to $3.94 yesterday.
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Deep in the mud and slime of things, even there, something sings.
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dohboi
Light Sweet Crude
Light Sweet Crude


Joined: Dec 05, 2005
Posts: 1441

PostPosted: Fri May 23, 2008 2:55 pm    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

Don't worry, Revi, I have it on good authority that gas will soon follow oil and plunge all the way back down to...$385.95 Razz
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jdumars
Heavy Crude
Heavy Crude


Joined: Apr 02, 2005
Posts: 439
Location: Nashville, TN

PostPosted: Fri May 23, 2008 7:52 pm    Post subject: Re: Oil prices fall below $131... peak oil is DEFEATED !!! Add User to Ignore List Reply with quote

GNM, nice. I am a Luddite too. Rolling Eyes
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