San Diego Housing Market News and Analysis
Gas prices this summer
User Forum Topic
Submitted by Bubblesitter on February 22, 2011 - 5:01am
All these Mideast revolution stuff pushing up crude prices. That pesky notion of democracy seems to be spreading. Can you image having George W or Obama or (insert your political villian here) as dictator for 40 years.
China out buying the US in cars 2 years running now. Global economic slow recovery.
Is peak oil and overstated reserves (see recent Wikileaks Saudi embassy cable) true?
What we may have coming is a perfect storm of supply, demand and geopolitics hitting oil prices. Drill baby drill may have a few cent impact on global commodity prices in 5+ years. My head is spinning.
Will Nissan leaf owners zipping by in carpool lanes, sneering at "smokers" seem like geniuses?
My prediction of San Diego average gas price at peak summer driving season, say July 4th is $4.67. With 39% chance of over $5.29. Ok ok I pulled those numbers out of an orifice.
What is your prediction?
Full disclosure. I'm invested heavily in diversified oil, oil services along with some speculative bets in alternative energy, eg natural gas engine tech, etc. I'm also on Nissan leaf list this delivery later this year. Is that a contradiction?
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