$7 gasoline in the near future???

[Coronita]

Well, I guess the good news is that GM is doing one heck of a deal on cars these days. 0% financing + cash rebates of up to $8k, the “Please take our cars off our hands” sales strategy

Pretty soon, it will be -1% financing + cash rebates, the “please, we’ll pay you take our cars off our hands” sales strategy.

[an]

[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.

[an]

[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.

[an]

[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.

[an]

[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.

[an]

[quote=DWCAP]At $30/gallon of gas, crude would be…. I dont know, what? $1000/barrel? More? Something like that.
Anyways AN and Breeze are correct that we would see falling levels of obsesity, but not because everyone would be rideing bikes, but because no one could afford to eat(fertalizer, running a tractor, shipping, pesticides, herbacides, all oil as a base ingrediant).
Stores would have to charge like $50 for a loaf of bread. That is a recipe for disaster every time. [/quote]
DWCAP, I completely agree. I was being very sarcastic but I guess that didn’t come off well over the internet. I just love how some people say it’s better with higher oil price because we’ll use less, but they fail to look beyond their own little bubble. Cost of food will go through the roof, parents won’t be able to buy diapers because diapers are made out of oil, airline will go out of business due to the cost which would cause people to fly less. Same with car companies. So you’ll have very high unemployment. Then these will then trickle to retail & tech, which will cause even more unemployment. You’ll be looking at massive hyper-inflation at that point.

[DWCAP]

AN, I hope I didnt offend. I had a feeling that whole series of posts was totally tounge in cheek. I just wanted people to understand the consequences they dont see on a day to day basis.

I know this has nothing to do with anything, but can oil shale be made into the base ingreadients of fertalizer and pesticides? Maybe a good way to deal with gas prices is to drive the 40% or so of oil consumed for NON-transportation related purposes to a new feed stock and divert the standard crude to gasoline.

I wonder if feedstock uses will require so much inputs (heat/water) to get them ready for use. I am sure DOW would love to be paying $65/barrel equilivant and secure in the knowledge that Iran cant hurt them. Isnt oil shale just an oil field that is only a few million years underaged?

[DWCAP]

AN, I hope I didnt offend. I had a feeling that whole series of posts was totally tounge in cheek. I just wanted people to understand the consequences they dont see on a day to day basis.

I know this has nothing to do with anything, but can oil shale be made into the base ingreadients of fertalizer and pesticides? Maybe a good way to deal with gas prices is to drive the 40% or so of oil consumed for NON-transportation related purposes to a new feed stock and divert the standard crude to gasoline.

I wonder if feedstock uses will require so much inputs (heat/water) to get them ready for use. I am sure DOW would love to be paying $65/barrel equilivant and secure in the knowledge that Iran cant hurt them. Isnt oil shale just an oil field that is only a few million years underaged?

[DWCAP]

AN, I hope I didnt offend. I had a feeling that whole series of posts was totally tounge in cheek. I just wanted people to understand the consequences they dont see on a day to day basis.

I know this has nothing to do with anything, but can oil shale be made into the base ingreadients of fertalizer and pesticides? Maybe a good way to deal with gas prices is to drive the 40% or so of oil consumed for NON-transportation related purposes to a new feed stock and divert the standard crude to gasoline.

I wonder if feedstock uses will require so much inputs (heat/water) to get them ready for use. I am sure DOW would love to be paying $65/barrel equilivant and secure in the knowledge that Iran cant hurt them. Isnt oil shale just an oil field that is only a few million years underaged?

[DWCAP]

AN, I hope I didnt offend. I had a feeling that whole series of posts was totally tounge in cheek. I just wanted people to understand the consequences they dont see on a day to day basis.

I know this has nothing to do with anything, but can oil shale be made into the base ingreadients of fertalizer and pesticides? Maybe a good way to deal with gas prices is to drive the 40% or so of oil consumed for NON-transportation related purposes to a new feed stock and divert the standard crude to gasoline.

I wonder if feedstock uses will require so much inputs (heat/water) to get them ready for use. I am sure DOW would love to be paying $65/barrel equilivant and secure in the knowledge that Iran cant hurt them. Isnt oil shale just an oil field that is only a few million years underaged?

[DWCAP]

AN, I hope I didnt offend. I had a feeling that whole series of posts was totally tounge in cheek. I just wanted people to understand the consequences they dont see on a day to day basis.

I know this has nothing to do with anything, but can oil shale be made into the base ingreadients of fertalizer and pesticides? Maybe a good way to deal with gas prices is to drive the 40% or so of oil consumed for NON-transportation related purposes to a new feed stock and divert the standard crude to gasoline.

I wonder if feedstock uses will require so much inputs (heat/water) to get them ready for use. I am sure DOW would love to be paying $65/barrel equilivant and secure in the knowledge that Iran cant hurt them. Isnt oil shale just an oil field that is only a few million years underaged?

[an]

DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.

Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.

[an]

DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.

Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.

[an]

DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.

Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.

[an]

DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.

Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.

[Author]

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