Hey Guys,
I remember when I was in school back in 1994, that my teacher said, at the time, that there was a estimated 20 year supply of oil
left in the world before we humans would exhaust that supply. That was 14 years ago.
Do you guys think that estimate was close and that this might be the reason that oil prices are going through the roof?
Can we be running out of oil and the oil companies are not telling us about because they don't want to start a panic?
Whatcha Think?
Are we heading for Soylant Green?
No, there is plenty of Oil left.
I remember the "gas shortage" in 1978. 100 cars lined up for gas along Bolsa Chica in Huntington Beach. I'd walk to jr. high and see these people sitting in their cars like zombies, just waiting for their turn at the pump.
If you recall....there was no gas shortage.
well maybe but the media likes to scare us a lot. We need to find better ways to get us around.
The media is there to keep us in line.
They constantly are clubbing the public with the fear stick.
Long live Big Oil
Quote from: Tim on July 29, 2008, 04:50:22 PM
The media is there to keep us in line.
They constantly are clubbing the public with the fear stick.
Long live Big Oil
I love that line out of that John Mayer song , "Waiting on the World to Change":
"When you trust your television, what you get is what you got...
Cuz when they own the information, oh..they can bend it all they want"
So most of you who have answered this question believe that there is no oil shortage.
Can I ask you this.
What do you think we would be experience if there was a real oil shortage?
How would the world look?
What do you think we would see?
In this short temr it would affect a lot, but in the long term not much would change because there are alternatives.
Did you think if there was a shortage in the world's oil could a spark a world war?
"Oh Death and Murder, and Grief and Sorrow".....
Steve Martin's comedy routine comes to mind as he is singing the above line with a cheery voice while playing the banjo.
It's TOO early in the morning to get depressed!
I think the song from monty python comes to mind.
Always looking on the bright side of life!
Come on,
Whistle the tune.
http://www.youtube.com/watch?v=jHPOzQzk9Qo
Quote from: Tim on July 30, 2008, 11:53:12 AM
I think the song from monty python comes to mind.
Always looking on the bright side of life!
Come on,
Whistle the tune.
http://www.youtube.com/watch?v=jHPOzQzk9Qo
I love that song/scene/movie!
What's really sad is that yesterday I was actually thrilled to be paying $3.79 a gallon for gas last night. Not to long ago, I would have been fuming.
It is sick. You have me envious. $3.79 for gas. Here in San Diego I saw a sign for gas that read
$4.05. I found myself going "Cool!, I'm ONLY paying $4.09 for gas!"
I saw the $4.05 sign AFTER I fill my tank at another gas station >:(
The estimate of 20 years supply 14 years ago was just that, an estimate. They really have no way of knowing how much oil there is left in the world. They may have better estimates now, but again, they are only estimates.
Quote from: Tim on July 30, 2008, 02:47:45 AM
So most of you who have answered this question believe that there is no oil shortage.
Can I ask you this.
What do you think we would be experience if there was a real oil shortage?
How would the world look?
What do you think we would see?
1. mayhem caused by the media
2. change in tax structure for oil giants...and "green"energy providers and consumers
3. telecommuting will become somewhat mandatory in many workplaces due to the conditions
4. over time, assuming we aren't dependant on batteries, the earth may become cleaner (this goes for batteries in cars as well, they aren't great for the enviro if you take the making and disposing of them into account)
5. the world economy will be shaken up entirely. food transports will be the most obvious, along with clothing and other goods (China beware). Hey, maybe this will lead to less poisonings due to imported toys and food products!!! :D
Nothing is for sure, but if things don't picking up speed into the "green" energy department, we're all in for a rough ride.
Quote from: Tim on July 30, 2008, 04:36:53 PM
It is sick. You have me envious. $3.79 for gas. Here in San Diego I saw a sign for gas that read
$4.05. I found myself going "Cool!, I'm ONLY paying $4.09 for gas!"
I saw the $4.05 sign AFTER I fill my tank at another gas station >:(
Heh, I am in San Diego.
Quote from: MichaelF (FPIE) on July 30, 2008, 07:04:18 PM
Quote from: Tim on July 30, 2008, 04:36:53 PM
It is sick. You have me envious. $3.79 for gas. Here in San Diego I saw a sign for gas that read
$4.05. I found myself going "Cool!, I'm ONLY paying $4.09 for gas!"
I saw the $4.05 sign AFTER I fill my tank at another gas station >:(
Heh, I am in San Diego.
Getting gas ast the base I presume.... ;)
Where are you paying for gas at that rate?
Kristen nailed it :P
I thought you were going to say TJ
I'm still envious of the $4.09...I paid $4.25 3 days ago.
The lowest I have seen was in Cypress yesterday. It was 4.05
I feel really twisted getting all excited at the prospect of paying "only $4.05"
No Kidding.
I don't what I'm going to do with myself when I'm paying under $4.00 for gas.
WAHOO :o
Quote from: TAPS Tracy on July 31, 2008, 06:21:57 PM
The lowest I have seen was in Cypress yesterday. It was 4.05
I feel really twisted getting all excited at the prospect of paying "only $4.05"
I paid $4.05 this morning for gas too. Last time I paid less than $4.00 a gallon I was in Arizona. :P
Gas is now $3.91 at the Arco in El Cajon.
Don't be fooled by OIL companies!
I'm sure that gas prices will be up just in time for Christmas.
OR
Is the gas prices going to stay down?
You know Big Oil love Republican Stooges for President?
I can't believe how much of the country falls for this.
Oil prices will keep dropping so that by the time the election comes around it wont be on peoples mind as much.
$3.99 in Cypress.
$3.99 in Casa De Oro
JOY, JOY JOY!
I wish food prices would drop as fast as gas prices can.
I paid $3.99 at 7-11 on Bonita Road this morning.
I was downtown in El Cajon this afternoon and I saw $3.87 at an Arco.
I have noticed....working with rates now....that cost of living usually goes down starting in August. It usually comes back on up in May usually surpassing prices and rate in the years prior. Ok government I am on to you. LOL
Quote from: PPI Ellie on August 05, 2008, 06:42:19 PM
I have noticed....working with rates now....that cost of living usually goes down starting in August. It usually comes back on up in May usually surpassing prices and rate in the years prior. Ok government I am on to you. LOL
The cost of living is a measure of the cost of our goods. As the cost of our goods go down because of increased supply or decreased demand, the cost of living goes down. Right now, the demand for gasoline is much lower than the supply of gasoline, therefore the price of gas is going down. It is referred to as Market Economy or simply what is known as Supply and Demand. People are taking "Stay-cations" instead of traveling like they used to. Also due to the Olympics, China is using a lot less oil right now. The port of LA when it comes to the containers of goods that come in from China is way down. Less containers = fewer trucks transporting the containers around the country = less demand for gas. China closed down a lot of their factories and took millions of cars off the road to help their pollution problem for the Olympics. When the Olympics are over, it will go back to business as usual, thus the likelihood of prices increasing.
Thank you all for attending tonight's lecture of the study of Economics. I'll be here all week. Try the fish. 8)
Quote from: TAPS Tracy on August 06, 2008, 12:45:13 AM
Thank you all for attending tonight's lecture of the study of Economics. I'll be here all week. Try the fish. 8)
Only if the mercury levels are within acceptable limits. ;D
Quote from: PPI Brian M on August 06, 2008, 02:02:06 AM
Quote from: TAPS Tracy on August 06, 2008, 12:45:13 AM
Thank you all for attending tonight's lecture of the study of Economics. I'll be here all week. Try the fish. 8)
Only if the mercury levels are within acceptable limits. ;D
Yeah...no doubt! :D
Tracy, what you said is very true, but supply is often controlled by certain interests. For example, there was no lack of supply recently that pushes costs up, the Oil tanks in Saudi Arabia were filled to the brim. Supply can be manipulated at times.
Yea,
Like during a election year.
I think the price of gas will be low enough where
Americans won't consider them a political issue.
That is until the election is over.
Quote from: MichaelF (FPIE) on August 06, 2008, 11:52:02 PM
Tracy, what you said is very true, but supply is often controlled by certain interests. For example, there was no lack of supply recently that pushes costs up, the Oil tanks in Saudi Arabia were filled to the brim. Supply can be manipulated at times.
I just meant the theory of supply and demand, in general. There isn't a lack of supply at the current moment, just a change in demand in certain areas.
gees, we're still paying about 4.16 for regular at the pump here... send some of those prices over this way, I gotta fill up tomorrow :)
Anyone for off-shore drilling off the California coast yet?
Yesterday I paid $3.65 at Costco. On Wednesday, I paid $3.45 in Yuma.
I've always heard we had enough oil reserves to last us hundreds of years. Who knows for sure. It might run out next week.
I remember (in the Dark Ages) when the gas stations used to have gas wars. Gas was .49 cents a gallon. They gave away gifts too. Also, green stamps and blue chip stamps.
God, am I giving away my age? What can I say. I was a child of the sixties (I'm young at heart).
I think if we were to run out, we would get by. Like they say "Necessity is the mother of invention".
Quote from: PPI Tim on September 05, 2008, 04:40:40 PM
Anyone for off-shore drilling off the California coast yet?
No doubt!
Quote from: PPI Tim on September 05, 2008, 04:40:40 PM
Anyone for off-shore drilling off the California coast yet?
I live where offshore drilling was invented by one of the founders of Summerland, just below Carpenteria. I am mixed on this subject because I live in Santa Barbara and Santa Barbara was the reason why Nixon signed the Federal ban on off shore drilling in the US in the first place so it's not so popular here, but 1.5 hours north in Santa Maria they are all for it, they want the growth up there while Santa Barbara doesn't, so its a big debate going on in the Santa Barbara county right now about it. A pipeline damaged in the early 90s also caused some havoc up here in SB, it stunk for a couple years, fish and birds were dying everywhere and no one could move or sell their houses because it was so bad. The otters all left and now their back!
I also strongly believe gas is high due to inflation and manipulation by the OPEC cartel, not because we're running out of oil. Just like the gold market, it's been highly speculative and manipulated while inflation has caused all dollar backed commodities to rise. Now that inflation is being reigned in, you will see all commodity prices drop for the US and go higher for the rest of the world. OPEC is already considering cutting down on oil production because demand is down by 2 to 3 from last year in the US alone to keep oil above $100 a barrel. I'm going to speculate that gas will pressure under $100 a barrel while OPEC tries to keep it above $100 a barrel.
We're slaves to the dollar and oil, however, finally found a 3.65 a gallon place in Carpenteria today! Woot!