$262/barrel Oil

[Kracka]

Airlines will never go away, doesn't matter how expensive oil gets this world needs them to function.

[Onefast99gsx]

If Iran gets pissed off because of U.N. not allowing them to do nuclear research, they may cut off their supply of oil to OPEC. Roughly, it's a nickel increase for every dollar that oil goes up per barrel. So if oil was at $58 right now, that would be a $204 more, which would be over $10 more than what we pay now. $12/gallon. Yikes! It would be a doomsday scenario but the impact on the economy would be devastating.

[Jacek]

Believe me, airlines can go away. They come and go all the time. You just don't hear of them.

[tim]

How hard would it be to take the engine and tranny out of a 1G, and attach an electric motor to each one of the hubs (where the axles would have gone)

that would leave us with a light electric AWD car

as for a power plant, how about one of JETs corn burning furnaces modified to boil water with the corn.

Steam>turbine>alternator>electricity>

a cost effective method of transportation, not really a DSM anymore, but it will look and feel somewhat similiar
Not impossible but would cost way more than what it is worth.

I had a doctor come into work today with an electric 1997 s-10. He payed like 17,000 for it last year. I have always heard of them but never seen one in person. His other vehicle is an 02 F-250, go figure.

[A.G.]

itll never happen. as soon as bush gets out of the white house the prices will go back down to normal.

[Kracka]

itll never happen. as soon as bush gets out of the white house the prices will go back down to normal.
Bush has nothing to do with the gas prices; had Kerry been elected they'd be right at the same level. I am getting real sick of every problem being blamed on Bush when he has no control over the most of it. I don't understand how someone can be so irrational as to think one man controls the world. We have a thing called the Senate...checks and balances.

[Kracka]

Believe me, airlines can go away. They come and go all the time. You just don't hear of them.
I am talking about the airline industry as a whole, not individual companies. Of course companies come and go, but industries do not (with rare exceptions).

[Onefast99gsx]

I agree. Bush has nothing to do with it. Actually oil companies have very little to do with it. It has alot to do with the Investors on Wall Street. Now if Iran cuts off their supplies, that's a whole other story. If you look at the chart in the link below, you'll see that Iran is #4. It would be extremely hard to make up for that loss, demand would have by far exceeded supply. So the people to blame for high oil prices are the investors and the reasons for supply shortages in the first place. The analysts that try to predict when the world oil supply with fade, don't help matters either. That just makes the market investors jumpy and cause the barrel price to rise.

http://www.infoplease.com/ipa/A0922041.html

[JET]

One other thing, what would happen to Iran if they lost the money from the oil? I seriously doubt their economy could handle a shutoff for any length of time.

[Black97civic]

One other thing, what would happen to Iran if they lost the money from the oil? I seriously doubt their economy could handle a shutoff for any length of time.

That is also a very good point.

Not everyone in Iran is rich, and they do depend on that oil money for a big part of the economy, so they would be screwing over a lot of their own people even if the rich guys could survive a couple months without income.