$262/barrel Oil
 

Does anyone think this could actually happen?
http://money.cnn.com/2006/01/27/news...ex.htm?cnn=yes

Re: $262/barrel Oil
 

It better not cause i love driving my car. I would be really pissed. How much would that be a gallon like what 9 bucks that would blow.

Re: $262/barrel Oil
 

As long as the price per barrel/price per gallon ratio remains constant and based off of $2.15/gallon gas (what super unleaded, 89 octane, currently is in Ames), super unleaded would be $8.31/gallon.

Re: $262/barrel Oil
 

That Blows! Our DSM driving days will soon be over. Time for the Hybrids. Maybe we should start investing more money into performance part for those hyrbid cars. hahahaha, funny idea huh?

Re: $262/barrel Oil
 

I'm buying stock in oil! ;)

Re: $262/barrel Oil
 

lol

Re: $262/barrel Oil
 

The cost of oil is not helping the heating cost of my house! At least it a warm winter.

Re: $262/barrel Oil
 

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

Re: $262/barrel Oil
 

If it does, I can tell you I will be out of a job Jakey.

Re: $262/barrel Oil
 

You mean to say the already struggling airline industry couldn't handle that drastic of a jump in fuel prices? :rolleyes:

Re: $262/barrel Oil
 

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

Re: $262/barrel Oil
 

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.

Re: $262/barrel Oil
 

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

Re: $262/barrel Oil
 

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.

Re: $262/barrel Oil
 

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

Re: $262/barrel Oil
 

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.

Re: $262/barrel Oil
 

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).

Re: $262/barrel Oil
 

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

Re: $262/barrel Oil
 

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.

Re: $262/barrel Oil
 

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.

Re: $262/barrel Oil
 

dude, just get something with a desil, and brew yourself up some bio-desil from leftover vegtable oil from any resturant :)

Re: $262/barrel Oil
 

With what those prices could be, even owning a motorcycle would suck. That would be insane if prices every got that high. You'll see drive-offs with every other car! :D

Re: $262/barrel Oil
 

No wonder Mark keeps buying bikes. He's going to sell them for a HUGE profit! lol

Re: $262/barrel Oil
 

So you dont think Bush being a huge Oil tycoon has ANYTHING to do with our high oil prices?? I beg to differ, but everyone has there own opinion I guess. Just seems a lil to coincidental to me. I just hear other countries crying about it as much as the U.S.

Re: $262/barrel Oil
 

Yes Bush owns the middle east and is driving oil prices just so he can make some sweet money... please...

Do some research on how oil prices are controlled and how oil goes from the ground and eventually ends up in the consumers hands. Prices are not controlled by Bush or the govt. Its the suppliers and distributors that contribute to that. Supply and demand...

Im in class right now so I cant talk much.

Re: $262/barrel Oil
 

Liberals know how to do research?

Re: $262/barrel Oil
 

I doubt this could ever happen. I think the most it could ever get to is about $5 and I still doubt it would last that was for long. Once you start charging that much no one is going want to pay for it and they are going to have lower the prices again or my guess is they will lose an ass load of money. I don't know how much of this is true or not, but my dad told me back in the day when prices were getting up to $3/gallon that it was illegal for the companies to charge that much and they were doing it because with all of the media talking they thought they could sucker people into paying that much. Supposedly (according to my dad) the government caught on and was threatening to sue the companies so they lowered the prices to save their asses. Either way, if the prices get this high at all, I think it would be farther off in the future, and with our economy the way it is, I don't think it would last long. But I do agree with Hughes. I don't agree with people blaming Bush. I'm not for or against Bush, but Hughes is right. He's not God. He doesn't control the whole world. Thats just my opinion.

Re: $262/barrel Oil
 

The prices better go up or the poor oil companies will go under. Oh wait, maybe not:
http://money.cnn.com/2006/01/30/news...arns/index.htm

Bastards.

Re: $262/barrel Oil
 

You know any thing that ups the DOW makes a hell of alot of bank!



HAHA best quote ever!


-Colin

Re: $262/barrel Oil
 

You think enough people could quit driving cars that they would be able to lower the demand enough to control oil prices?? We are so dependant on oil, I have a feeling they could do just about anything they want, if they charge 4 times as much, they only need 1/4 of the customers. How do you think goods will get shipped around the country, and other things that need oil that aren't optional.

Sadly enough, until we figure out how to make hydrogen powered cars with hydrogen produced by nuclear powered electrolysis, we are going to be way to dependent on fossil fuels to do anyhting about it if the shit hits the fan.

Re: $262/barrel Oil
 

Nuclear Power Plants are going to be springing up quite a bit here soon. My company has the most contracts then ever before. And not just US, but all over the world They are doing somethings to help lower our dependancy on natural gas and oil products, and changing to nuclear power is one of them!

Re: $262/barrel Oil
 

They also said gas would exceed $3 a gallon by winter and remain that way...

Re: $262/barrel Oil
 

Honestly, people really need to get past the stigma that nuclear power is so terrible.

Chernobyl and Three mile island were both caused by people being idiots and not safely running the power plants. Nobody was killed because of three mile island, and the death toll from chernobyl is so disputed that we will probably never know how many people actually died. But think about how many people have gotten sick from pollution from regular power plants.

I would prefer the very small risk of a meltdown, which would be greatly reduced from even 20 years ago when Chernobyl happened, than deal with pollution from coal plants, and increased reliance of fossil fuels for power generation.

If we had more nuclear power, that would oil prices down because we wouldn't need nearly as much of it.

Re: $262/barrel Oil
 

I agree, and I was in no way saying it was terrible. I work on Nuclear Plants, and I think it is by far the best way we currently have of producing power. Polution free, safe, reliable. Anti-Nuclear protests have gone down in incredible numbers. I think people are realising it as a positive alternative to other petroleum powered plants. Plus hey, it means more job security for me as well!! Bush just announced also in the speech that he will be moving towards having even more Nuclear Plants constructed, I think it's a great thing personally!