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BlinkBlink
Heavy Crude
Joined: Dec 27, 2005
Posts: 120
Location: Australia
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 Posted: Sun Jun 08, 2008 6:01 am Post subject: Pheww. It's all ok, nothing to worry about |
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Well Kevin Rudd has asked the G8 to put a blow torch to OPEC to increase oil production.
The Age
Expect $70 a barrel any day now.
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Leonard Cohen
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Impervius
Tar Sands
Joined: May 27, 2008
Posts: 20
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| Posted: Sun Jun 08, 2008 7:22 am Post subject: Re: Pheww. It's all ok, nothing to worry about |
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$70 a barrel? No, oil is gonna go straight to $19.99 a barrel.
$138 is just a big bubble that was built up by crazy speculators. That bubble is gonna pop any day now!
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socrates1fan
Heavy Crude
Joined: Jun 04, 2008
Posts: 284
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| Posted: Sun Jun 08, 2008 8:44 am Post subject: Re: Pheww. It's all ok, nothing to worry about |
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| The only way the price will go down is if the demand does too. |
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pstarr
Expert
Joined: Sep 27, 2004
Posts: 7089
Location: Behind the Redwood Curtain
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| Posted: Sun Jun 08, 2008 8:49 am Post subject: Re: Pheww. It's all ok, nothing to worry about |
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| socrates1fan wrote: | | The only way the price will go down is if the demand does too. |
And that'll happen when people become depressed, scared and stop leaving the house. That happens when it cost more money to go to work then they get from work, kind of like bad EROEI except it'll be negative MROMI--Money Returned On Money Input. The combination of the two--declining income and depression--causes an economic Depression.
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Johny_Bloggsy
Coal
Joined: Jun 05, 2008
Posts: 9
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| Posted: Mon Jun 09, 2008 1:08 am Post subject: Re: Pheww. It's all ok, nothing to worry about |
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| pstarr wrote: | | socrates1fan wrote: | | The only way the price will go down is if the demand does too. |
And that'll happen when people become depressed, scared and stop leaving the house. That happens when it cost more money to go to work then they get from work, kind of like bad EROEI except it'll be negative MROMI--Money Returned On Money Input. The combination of the two--declining income and depression--causes an economic Depression. |
That's ok with me, I hate going to work anyway... |
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Judgie
Heavy Crude
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Joined: May 07, 2007
Posts: 434
Location: Adelaide, South Australia
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| Posted: Mon Jun 09, 2008 2:34 am Post subject: Re: Pheww. It's all ok, nothing to worry about |
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| Johny_Bloggsy wrote: | | pstarr wrote: | | socrates1fan wrote: | | The only way the price will go down is if the demand does too. |
And that'll happen when people become depressed, scared and stop leaving the house. That happens when it cost more money to go to work then they get from work, kind of like bad EROEI except it'll be negative MROMI--Money Returned On Money Input. The combination of the two--declining income and depression--causes an economic Depression. |
That's ok with me, I hate going to work anyway... |
On seven news tonight, we heard that *some* petrol stations are starting to have trouble paying for each tanker load of fuel. I'm sure that'll confuse the average joe, whom naturally equates petrol stations as being part of the company themselves. The shortages may be closer than we thought.....
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"That the cream cannot help but always rise up to the top, well I say, <censored by peakoil.com> floats"
Jarvis Cocker - "Running the World" |
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