$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.