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Old 07-09-2007, 02:27 PM   #1
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Oil Squeeze coming

IEA sees oil supply crunch looming


I think the only logical responses to this situation are to breed lots of kids, build a McMansion and move as far away from my job as I can, and get a commuter Expedition. Oh, and demand that someone else (govt., industry, military, whoever) DO something.
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Old 07-09-2007, 02:36 PM   #2
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Now yer thinkin'. Driving those old Tempos wasn't getting you anywhere.

Pretty bleak. And rightfully so. Too bad most of the oil is in places with high political risk. Tends to make it more difficult to forecast production.
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Old 07-09-2007, 07:18 PM   #3
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I think the only logical responses to this situation are to breed lots of kids, build a McMansion and move as far away from my job as I can, and get a commuter Expedition. Oh, and demand that someone else (govt., industry, military, whoever) DO something.

Very very well said!
I might add, try not to be informed about what is going on in this world. Like don't listen to NPR, and hear what might bother you. Just keep spending and spending, and getting more material possessions.
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Old 07-09-2007, 07:28 PM   #4
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Stupid OPEC. Can't we just take over a few more countries? Don't they know we have kids to drive to Walmart?!
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Old 08-13-2007, 01:53 AM   #5
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Lookit:

"...Oil prices climbed towards $72 a barrel on Monday as central bankers injected cash into jittery financial markets and as expectations of energy demand remained robust... Demand from the world's second largest consumer China also remains strong, with July imports of crude surging 39 percent versus a year ago."

39% increase?!?

http://news.yahoo.com/s/nm/20070813/...n8h.V0qvlg.3QA

And this too:

"...The price of oil is headed for $US100," Chavez told Caribbean leaders at an energy summit. "OPEC says so ... We should prepare ourselves for those prices." He added that "the world is entering into an energy crisis" largely caused by a US-influenced "consumerist model and the limitless waste".

http://au.news.yahoo.com/070811/2/146er.html

"US-influenced "consumerist model and the limitless waste"- LOL! He's right and no "leader" in this country has the ballz to say it. :sad:

Also: "Hugo Chavez, President of Opec member Venezuela, has said he believes oil is headed for $100 a barrel, reported Reuters. Chavez blamed 'voracious consumption' for creating a global energy crisis which has seen oil reserves dwindle. Meanwhile, the country's Oil Minister Rafael Ramirez has said he will advise Opec to leave its output levels unchanged when it meets in September.

http://www.ameinfo.com/128941.html

Interesting how gas prices dropped in my town today. Something tells me this is the calm before the storm...
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Old 08-13-2007, 05:44 AM   #6
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China's demand is, is, I can't even explain it. If you get 500 million off donkeys and onto mopeds, they are going to use a lot of oil. And if they start to want electricity or running water, wow, that will be another huge increase in demand. Sort of scary.
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Old 10-16-2007, 07:04 PM   #7
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Thanks to the dollar, not supply AFAIK.
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Old 10-16-2007, 07:35 PM   #8
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Quote:
Originally Posted by omgwtfbyobbq View Post
Thanks to the dollar, not supply AFAIK.
I think the Canadian dollar is now worth more than the US dollar.... Maybe that will attract some Canadian tourists to infuse some more US dollar power so interest rates can be cut to put power to the stock market while keeping the dollar down at current status low... I mean quo
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Old 10-16-2007, 08:02 PM   #9
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If we keep going, all the factories we disassembled and sent to China/Central&South America may be shipped back. I can finally look forward to gainful employment!
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Old 11-05-2007, 10:25 PM   #10
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Nice lil price bump this last week from 2.74 to 3.09!

Can hardly wait for $4!
I noticed that too.... I saw a 2.75 to 2.89+ :/
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