Oil peak

[daedong]

The oil issue has been relatively quite here in Australia with the exception of the normal how much we are paying, until the last few weeks. There is all of a sudden an explosion of talk about the future and how oil reserves are in decline. How China and India’s requirements of oil will continue to push prices higher, The consequences of this and how the recessions of the 70’s were only hiccups compared to what we will probably see in the future as oil skyrockets in price.
Below are some interesting links, if you are interested in some of the stuff we are getting on public TV (you will need broadband for this one) http://abc.net.au/4corners/special_eds/20060710/

What this guy says on the topic is interesting
Colin J. Campbell

http://www.hubbertpeak.com/campbell/

 

[Melensdad]

Vin, I follow the oil market to some degree as it relates to my business and many of the customers I do business with. I am expecting the prices to continue to rise, at least up to the $4.00 per gallon point. Most experts here in the US figured that at $3 the consumers would start to drive less. And while some folks here are driving less, the reality it that there is still very strong demand for gas and diesel here, the US market has not contracted and since the demand has not slowed, the supply is still tight. Consequently the pressure on the price is still constant and our prices in the US are still climbing.

For the first time we are not seeing a real push to cars with engines that will operate with E-85 fuels, and E-85 is running about 20-cents per gallon lower than gasoline in my local market.

 

[Dr.Divine]

Ummm Guys I know I got nothing to do with what ur saying
But her in KSA a litre of Gas = 0.2$
Its soooo cheap!!
I get My MO with a full tank for about 9$
So God Bless KSA!!!
Sorry for Butting in!!
Buhbyeeeeeeeeeeeeeee

 

[daedong]

Bob, driving habits have not changed here and I don’t think petrol prices at the pump will stop people but the general decline in the economy will. I think at least in the medium term (next 2-5 years) we are going to have some economic problems. We are starting to see price increases in nearly every aspect of life, at this point no data has been released indicating inflation but I am sure it is on its way. In the last month our land rates have gone up 8%, I see on TV that rail and air travel has gone up. Every day something seems to go up, it reminds me of the seventies. But there is one big difference compared to the seventies, that is our government has all but crippled unions making individuals bargain for their own pay. So we won’t see wages keeping up like they did back then.

Is there a similar trend with price increases across the board in the US

 

[Melensdad]

Vin, delivered goods now have 'surcharges' added to them, so the cost of the item has gone up, but in a round about sort of way. I don't see our economy slowing down yet, teh general economic numbers here seem to confirm that our economy is still pretty healthy. We do show some signs of inflation in our overall data, wages don't seem to be depressed they way they are for you Aussies (not that they are growing rapidly, but generally they are doing fine, some industries are under severe wage pressure but those are industries that are over priced such as the auto industry).


Dr.D, we may pay more for gas, but at least we have free speech, free press, freedom of religion, and simple things like public movie theaters!

 

[daedong]

I don't see our economy slowing down yet, teh general economic numbers here seem to confirm that our economy is still pretty healthy. We do show some signs of inflation in our overall data,

[FONT=&quot]Bob, the official figures for inflation here are not that dissimilar to the US I understand, but the reality for Mums and Dads is their spending power certainly has wavered in my view. I can't figure official rates they don't always reflect the facts it appears, or maybe they are just a little slow to be release [/FONT]

 

[jakki]

...speaking of OIL.....I HIGHLY recommend this fascinating little read I'm devouring called "Armed Madhouse" by Greg Palast. A must-read for Americans and Saudis alike (considering ).....brand new and extreeeeeeemely informative. Talk about taking a peek behind the scenes, inside the files....ahh, that wretched crude

.......... jak

 

[Dr.Divine]

we may pay more for gas, but at least we have free speech, free press, freedom of religion, and simple things like public movie theaters

at least we have cars that move cuz we can afford the gas
NYAHAHAHAHAHA<<<<My trademark Evil Laugh WoooooooHooooooo
Bu'bye Guys!!

 

[daedong]

at least we have cars that move cuz we can afford the gas
NYAHAHAHAHAHA<<<<My trademark Evil Laugh WoooooooHooooooo
Bu'bye Guys!!

Hey brother, you guys have less cars per capita than the yanks or the Aussies, most of your roads are goat tracks compared to the expanse of sealed roads in the USA or OZ, both USA and OZ have more disposable income per capita than you folks to buy fuel to drive on our well sealed roads.

 

[Melensdad]

at least we have cars that move cuz we can afford the gas

Hey brother, you guys have less cars per capita than the yanks or the Aussies

Ahhh Vin, maybe it is because they have no place to drive? They are not allowed to have movie theatres in the KSA. They are not allowed to go on 'dates' in the KSA (at least not without all sorts of restrictions).

Maybe a few of them have nice cars, but do they dry rot from lack of use?

 

[beds]

Maybe a few of them have nice cars, but do they dry rot from lack of use?

No! They drive to Bahrain so they can enjoy movie theaters, women and alcohol!

 

[Dr.Divine]

Hhehehe

Hehehehe this is Fun!!
Well we have well made roads and my car is complaining of being used too much
and heeeeeeey its not nice to pick on an 18 year old
and btw
We dont necessarily go to bahrain
since im Going to Paris in a couple of hours to do the same thing
NYAHAHAHAHA
Ill Miss you Guys
Buhbyeeeeeeeeee

 

[bczoom]

Re: Hhehehe

Well we have well made roads and my car is complaining of being used too much

I have no knowledge of road conditions in the KSA but out of curiosity, what do you consider "too much" driving? How many kilometers (or miles) do you drive in a normal week or year?

 

[daedong]

The source is from CIA world Factbook http://stronghold.n00bless.com/cia/publications/factbook/geos/sa.html



USA

GDP - per capita (PPP): $41,800 (2005 est.)

Roadways: total: 6,407,637 km
paved: 4,164,964 km (including 74,950 km of expressways)
unpaved: 2,242,673 km (2004)



Australia


GDP - per capita (PPP): $31,900 (2005 est.)

Roadways: total: 811,601 km paved: 316,524 km unpaved: 495,077 km (2002)



Saudi Arabia


GDP - per capita (PPP): $12,800 (2005 est.)

Roadways: total: 152,044 km
paved: 45,461 km
unpaved: 106,583 km (2000)