Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Posted: Thu Aug 11, 2005 3:37 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
Quote:
Rockdoc, it's not so much the fact that gasoline is going to cost more. That'll just be the first effect. It's that a shortage of energy affects all the other products, too. It'll just take a bit longer and won't be as obvious as to why it's happening.
Yup...which is why I think folks will be able to stand quite a run up in fuel prices as compared to the seventies, the other cost increases will be delayed.
The big problem no one has really addressed is we are going to see a further widing of the gap between lower and middle classes and middle and upper classes in terms of disposable income.
Quote:
I agree with this as well as the fact that our economy in the U.S. is BASED on the availability of cheap fossil fuels. Our economy is not really in any position to deal with a sudden RESOURCE REAL VALUE ADJUSTMENT.
which is why we are sitting on the edge of the shitstorm now I'm afraid. Whether your ready or not....here it comes!!
Posted: Thu Aug 11, 2005 4:12 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
So we can see by that graph that the US uses more total oil than Europe - not accurate unless considered per/capita, and we can also see by that graph that apparently Canada, Mexico, and OPEC members don't use any oil...
Hmmmmm....
-G _________________ 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!
Joined: Aug 17, 2004 Posts: 3541 Location: 39° 39' N 77° 77' W or thereabouts
Posted: Thu Aug 11, 2005 4:56 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
gnm wrote:
So we can see by that graph that the US uses more total oil than Europe - not accurate unless considered per/capita, and we can also see by that graph that apparently Canada, Mexico, and OPEC members don't use any oil...
Joined: Feb 23, 2005 Posts: 242 Location: Kingston, ON, Canada
Posted: Thu Aug 11, 2005 5:26 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
rockdoc123 wrote:
Yup...which is why I think folks will be able to stand quite a run up in fuel prices as compared to the seventies, the other cost increases will be delayed.
Ah. In that case, I agree. People will complain as gas hits $1.00/litre, $1.50/litre, $2.00/litre but pay it. It's when food starts to become expensive, or auto parts, or anything else that's energy-intensive to make (which would be, um, just about everything with modern manufacturing) that the real problems will start.
Posted: Thu Aug 11, 2005 5:48 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
gnm wrote:
So we can see by that graph that the US uses more total oil than Europe - not accurate unless considered per/capita, and we can also see by that graph that apparently Canada, Mexico, and OPEC members don't use any oil...
Hmmmmm....
-G
I'm assuming here "Europe" means EU, not the continent with fuzzy boundaries. IIRC and too lazy to google, US uses twice as much oil per capita as EU, so with respective populations of 300 million and 450 million, US would still end up using more oil than EU.
Joined: Jul 21, 2004 Posts: 1333 Location: Suburban tar sands
Posted: Thu Aug 11, 2005 11:40 pm Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
rockdoc123 wrote:
Visine Eye Drops ---- $995.84
Then there's that electrically conducting paint for repairing car rear window defogger grids. $10 for 1.4 ml. Works out to $25,000/gal. Can anyone top that?
Joined: Feb 23, 2005 Posts: 242 Location: Kingston, ON, Canada
Posted: Fri Aug 12, 2005 12:17 am Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
Keith_McClary wrote:
Then there's that electrically conducting paint for repairing car rear window defogger grids. $10 for 1.4 ml. Works out to $25,000/gal. Can anyone top that?
Posted: Fri Aug 12, 2005 12:36 am Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
Sgs-Cruz wrote:
Keith_McClary wrote:
Then there's that electrically conducting paint for repairing car rear window defogger grids. $10 for 1.4 ml. Works out to $25,000/gal. Can anyone top that?
$12 / 0.004375 L = $2742.86 / L = $10382.85 per gallon. Dammit.
You guys are well out of the most expensive liquids. For the most expensive liquids, outside of exotic lab reagents, I guess you should look at women's stuff. A casual google search provides Clive Christian Perfume at around $243,200/gal
Posted: Fri Aug 12, 2005 1:48 am Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
It already IS affecting other things. For instance, it wasn't too long ago that my warehouse grocery store sold cans of green beans at 2/$1.00. Last week, they were ON SALE for 3/$2.00!
Snack foods? Last year, a bag of pretzels went for $1.99. Now, $2.18. Ah, and the joy I had in finding a pound of lean ground beef for JUST $3.50!
Notice the prices the next time you shop. If you feel like, "I thought it was less than that," it probably was!
Posted: Fri Aug 12, 2005 7:03 am Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
Non-Opec production: the IEA oil report from July has an interesting graph for Mexican output which is seen down entire 2006, p. 19. IEA also admits that new wells won't be able to compensate for the Cantarell decline.
Link (pdf) _________________ Peak Oil; Today is the first day of the rest in your life
Joined: Sep 09, 2004 Posts: 421 Location: Upstate New York, U.S.A.
Posted: Fri Aug 12, 2005 7:49 am Post subject: Re: Oil surges to 66$/barrel...non-OPEC output falling short
I'm never going to get my homestead built in time at this rate.
Olaf _________________ "I went to the woods because I wished to live deliberately, to front only the essential facts of life, and see if I could not learn what it had to teach, and not, when I came to die, discover that I had not lived." - Henry David Thoreau
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