[KevO]

The reason Oil is up $5 this week
http://peakoil.com/bussiness/the-reason-oil-is-up-5-this-week/

[DoomersUnite]

The reason Oil is up $5 this week
http://peakoil.com/bussiness/the-reason-oil-is-up-5-this-week/

Maybe if we had peak oilers who could spell ("business") we might believe them? As long as the topic is debated by those who can't, how can they be expected to understand the more difficult topics involved, like addition, subtraction, petroleum geology or even supply and demand?

[KevO]

The reason Oil is up $5 this week
http://peakoil.com/bussiness/the-reason-oil-is-up-5-this-week/

Maybe if we had peak oilers who could spell ("business") we might believe them? As long as the topic is debated by those who can't, how can they be expected to understand the more difficult topics involved, like addition, subtraction, petroleum geology or even supply and demand?

good point, though I don't think spelling ability is going to be top of the preps

[DoomersUnite]

good point, though I don't think spelling ability is going to be top of the preps

Good point. Good thing we don't need preps for something as easy to counteract as $130/bbl oil.

[DoomersUnite]

good point, though I don't think spelling ability is going to be top of the preps

Good point. Good thing we don't need preps for something as easy to counteract as $130/bbl oil.

If you had read your Hamilton you'd know that $147/barrel petroleum caused this entire world financial collapse.

What collapse? Last I looked the world GDP hasn't even contracted since..well...since this graph started anyway. And it includes 2008...do you see any contraction in there, let alone collapse? Maybe this Hamilton guy was referring to an alternate universe?

http://www.google.com/publicdata?ds=wb- ... =world+gdp

[DoomersUnite]

Your moron you Don't you know that GDP as a measure of economic health is junk. In the trunk? It includes government debt.

Idiot

If you actually believe that, then perhaps you shouldn't reference the people using it.

[Blacksmith]

It is all the fault of speculators. Legislate a fixed price for oil or make speculation illegal. Ban dirty oil and while you at it make ethanol 100% at the pump.

All my problems solved...........................

[Cloud9]

You can fix prices in a closed system where there is only one producer and one buyer. In an open system where there are multiple producers and multiple buyers, the party that is willing to pay the highest price buys the oil.

You have to remember that all those good deals we got at Wal-Mart have pumped up the Chinese cash reserves. They use our own dollars to bid against us in the world oil market.

If you fix oil prices in the United States, you will cut oil supplies by 60%. OPEC will sell to the highest bidder and we will be left with local production. You will then be able to get cheap gas, but you will have to get in a queue to get your ten gallon ration. Been there and done that. It is no fun.

[SeaGypsy]

Perhaps world parity pricing could remain flat for several years but still go to $130 easily via inflation of the dollar? Dollars are getting cheaper day by day, thus oil looks more expensive only to those using USD$.
That's the way I see this going.
The 3 big reasons the USD$ must inflate like mad: debt reduction (in real terms), competivity with Chindia and increasing real oil prices at the bowser.
The elephant in the room is obvious from outside, but few inside want to see it or admit why it needs to be there.

[Newfie]

Perhaps world parity pricing could remain flat for several years but still go to $130 easily via inflation of the dollar? Dollars are getting cheaper day by day, thus oil looks more expensive only to those using USD$.
That's the way I see this going.
The 3 big reasons the USD$ must inflate like mad: debt reduction (in real terms), competivity with Chindia and increasing real oil prices at the bowser.
The elephant in the room is obvious from outside, but few inside want to see it or admit why it needs to be there.

Good points here SG.