Gas prices this summer

[Bubblesitter]

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?

[Zeitgeist]

Once the prices get high enough, maybe 200. per barrel, then they will drill and refine again in this country, even off the Coast of Kali. It is just a matter of greed prevailing. The corporations do not care about the environment.

[Zeitgeist]

Once the prices get high enough, maybe 200. per barrel, then they will drill and refine again in this country, even off the Coast of Kali. It is just a matter of greed prevailing. The corporations do not care about the environment.

[Zeitgeist]

Once the prices get high enough, maybe 200. per barrel, then they will drill and refine again in this country, even off the Coast of Kali. It is just a matter of greed prevailing. The corporations do not care about the environment.

[Zeitgeist]

Once the prices get high enough, maybe 200. per barrel, then they will drill and refine again in this country, even off the Coast of Kali. It is just a matter of greed prevailing. The corporations do not care about the environment.

[Zeitgeist]

Once the prices get high enough, maybe 200. per barrel, then they will drill and refine again in this country, even off the Coast of Kali. It is just a matter of greed prevailing. The corporations do not care about the environment.

[Arraya]

The 2008 price spike was a pretty good case study. I think it is unlikely the world can sustain above $120-130 for any length of time. It’s when airline-trucking starts going bankrupt, things shipped long distances profit gets eaten up, food riots in the third world and fuel riots in Europe start flaring up. $100-120 is the orange zone and 120 plus is the red zone. We’ll have to shed jobs again if oil gets to high. Consider it the world putting a ceiling on economic growth.

[Arraya]

The 2008 price spike was a pretty good case study. I think it is unlikely the world can sustain above $120-130 for any length of time. It’s when airline-trucking starts going bankrupt, things shipped long distances profit gets eaten up, food riots in the third world and fuel riots in Europe start flaring up. $100-120 is the orange zone and 120 plus is the red zone. We’ll have to shed jobs again if oil gets to high. Consider it the world putting a ceiling on economic growth.

[Arraya]

The 2008 price spike was a pretty good case study. I think it is unlikely the world can sustain above $120-130 for any length of time. It’s when airline-trucking starts going bankrupt, things shipped long distances profit gets eaten up, food riots in the third world and fuel riots in Europe start flaring up. $100-120 is the orange zone and 120 plus is the red zone. We’ll have to shed jobs again if oil gets to high. Consider it the world putting a ceiling on economic growth.

[Arraya]

The 2008 price spike was a pretty good case study. I think it is unlikely the world can sustain above $120-130 for any length of time. It’s when airline-trucking starts going bankrupt, things shipped long distances profit gets eaten up, food riots in the third world and fuel riots in Europe start flaring up. $100-120 is the orange zone and 120 plus is the red zone. We’ll have to shed jobs again if oil gets to high. Consider it the world putting a ceiling on economic growth.

[Arraya]

The 2008 price spike was a pretty good case study. I think it is unlikely the world can sustain above $120-130 for any length of time. It’s when airline-trucking starts going bankrupt, things shipped long distances profit gets eaten up, food riots in the third world and fuel riots in Europe start flaring up. $100-120 is the orange zone and 120 plus is the red zone. We’ll have to shed jobs again if oil gets to high. Consider it the world putting a ceiling on economic growth.

[Zeitgeist]

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