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Benzin
Heavy Crude
Joined: Apr 25, 2006
Posts: 144
Location: middle of somewhere
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 Posted: Tue Sep 18, 2007 8:24 pm Post subject: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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| Quote: | | Sept. 18 (Bloomberg) -- Crude oil prices may rise to $150 a barrel in the next 20 years because demand is growing in China and some other developing nations and reserves are dwindling, said the former chairman of the U.K. branch of Royal Dutch Shell Plc. |
Link to story
In other news, the stock market is up! |
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roccman
Peak Oil Prophet
Joined: Apr 27, 2007
Posts: 4353
Location: The Great Sonoran Desert
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| Posted: Tue Sep 18, 2007 8:29 pm Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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20 years!!!
Bwhahahahahahahha!!!
try 20 days.
_________________
"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
We are going back to roccland - me |
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Benzin
Heavy Crude
Joined: Apr 25, 2006
Posts: 144
Location: middle of somewhere
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| Posted: Tue Sep 18, 2007 8:48 pm Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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Oil posted it's highest today at $82.22 USD. Yet I heard nothing from national media other than: fed cuts interest rate, stock market up, OJ in jail, kid at UFL get tased, and some girl from UK is still missing.
They don't call it the long emergency for nothing. |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4454
Location: Southwest WI
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| Posted: Tue Sep 18, 2007 9:02 pm Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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Right on Benzin... 100% Keep the masses occupied.
_________________
"Oil is going up because we use too much oil, and the capacity to replace reserves is dwindling"
-President Bush 11/07/07 |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3422
Location: Oh really?
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| Posted: Wed Sep 19, 2007 2:56 am Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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| frankthetank wrote: | | Right on Benzin... 100% Keep the masses occupied. |
But you don't understand!
The masses want to be occupied; in oh-so-many ways!
_________________
"It's not demand; It's not supply.
It's coming up with credit to buy"
10-Oct-2008
Schultz: I see NOTHING! I know NOTHING!
md@peakoil.com |
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EndOfGrowth
Heavy Crude
Joined: Dec 04, 2006
Posts: 229
Location: End of the plateau
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| Posted: Wed Sep 19, 2007 3:40 am Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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| MD wrote: | | frankthetank wrote: | | Right on Benzin... 100% Keep the masses occupied. |
But you don't understand!
The masses want to be occupied; in oh-so-many ways! |
Deleted
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Machines are what distinguish modern man from the savage. |
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MD
Community Manager
Joined: May 02, 2005
Posts: 3422
Location: Oh really?
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| Posted: Wed Sep 19, 2007 4:10 am Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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| EndOfGrowth wrote: | | MD wrote: | | frankthetank wrote: | | Right on Benzin... 100% Keep the masses occupied. |
But you don't understand!
The masses want to be occupied; in oh-so-many ways! |
Deleted |
I'm sure your response was interesting.
It is the sad truth of mass psychology though, isn't it? Barnum was right, the bastard.
_________________
"It's not demand; It's not supply.
It's coming up with credit to buy"
10-Oct-2008
Schultz: I see NOTHING! I know NOTHING!
md@peakoil.com |
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KevO
Expert
Joined: May 24, 2005
Posts: 2358
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| Posted: Wed Sep 19, 2007 9:01 am Post subject: Re: Oil May Rise to $150 a Barrel, Ex-Shell Chairman Says |
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| roccman wrote: | 20 years!!!
Bwhahahahahahahha!!!
try 20 days. |
but so what?
Remember what we said the world would be like when it hit $80?
Well it's $82. Stocks are once again at an all time high, gas prices are coming DOWN 
Then we said when it hits $100, it's all over.
I don't think $250 will make THAT much difference. We are adapting.
I think Oil will need to be nearer the $500 mark before we
S T O P C O N S U M I N G.
We may slow at $200 but I don't think $100 will make a dent.
Of course I cold be talking right out of my asshole |
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