OIL to $100 ?

[gerihearne]

It's over 70 ... with no measured affect on consumer spending ...
anybody think this might be the low of the highs?

[mrmarket]

that would be nice, wouldn't it?

[gerihearne]

move to hawaii

that would be nice, wouldn't it?

yeah, you'd sell that princeton home and movie to maui ... not only the family, you'd take the TITANS with u !

[peanuts]

bye bye blazer

It's over 70 ... with no measured affect on consumer spending ...
anybody think this might be the low of the highs?

I'm junking my old S10 beater blazer and buying a motorcylce. I do not doubt your statements. This is nuts!

Besides Harley, what American company makes an OK motorcycle that will get me HUGE MPG??? Well, scratch Harley from the huge MPG, anyway...

[Adman]

I'm junking my old S10 beater blazer and buying a motorcylce. I do not doubt your statements. This is nuts!

Besides Harley, what American company makes an OK motorcycle that will get me HUGE MPG??? Well, scratch Harley from the huge MPG, anyway...

I believe Buell, Victory (by Polaris) and Steed (by Patriot) are all American made bikes.

[sisterwin2]

I believe Buell, Victory (by Polaris) and Steed (by Patriot) are all American made bikes.

My ole moped does well....... dont remember who put it out. I painted it too many yrs back. Engine is easy to work on an keeps running. I am actually taken it to work and back on nice days. I only live about ten blocks from home.

[TFred]

Greetings,

Kurt Wulff from Mcdep.com is calling for $150 oil by 2010.He's as respected as you can get in the energy field.

He also believes we've reached peak oil output,which doesnt bode well for economies based primarily on oil.Once its gone,what do you do for income?

cordially Tom

[New-born baby]

Hold your horses!

Greetings,

Kurt Wulff from Mcdep.com is calling for $150 oil by 2010.He's as respected as you can get in the energy field.

He also believes we've reached peak oil output,which doesnt bode well for economies based primarily on oil.Once its gone,what do you do for income?

cordially Tom

I don't know how old you are, Tom, but whatever age you may be I can say with certainty that you will not live long enough to see the world run out of oil. The Canadian oil sands contain 2 Saudi Arabias; there is enough oil sands in Wyoming to make another. Then Montana has a tremendous amount of coal (that can be made liquified diesel) under every square inch of land from the Rocky Mountains to its eastern border. Wyoming is one huge coal field. Then there are the Utah oil sands, too. And we haven't hardly touched Alaska. And Cuba is drilling for oil closer to the Florida coast than we are. Now in New Mexico there are also some oil reserves so far untouched.

My point: there is a lot of oil yet to be extracted. Sure, we are using a lot. But there is no proof how oil was/is being made. In other words, the theory--that is the correct word--that oil was made from dead dinasaurs has not been proven and is not universally held. There are many Russian scientists who hold that oil is being made by bacteria in the earth at this very moment.

Biblically--the book of Truth--even at the end of the Tribulation there seems to be flying machines of some type, perhaps nuclear warheads exploding in which whole cities are decimated--I would assume that they would require fuel, too. Sure, horses are mentioned and are no doubt there, too. But there are armies who even now use horses still.

So I am not prepared to say we will run out.

In the mid to late 1800's, scientists were telling us that we would run out of food and fuel to heat our homes in 20-30 years. "There's not enough wood to heat everyone's home." and "there's not enough productive land to feed the people's of the world." Of course we know that God has provided increased productivity of the land and "alternative fuels" for heat. God provides even for unsaved men.

No worries from this quarter.

[Olegeezer]

Morning,

All kind of sources for oil... In WW II when Germans lost access to oil reserves they made significant amouts of fuel from beets. Sounds great , finally reason to like beets !

[Rob]

Beet The Street

I've always liked beets. And that's weird, because I know a whole lot of people hate 'em, and I'm a really picky eater who likes relatively few vegetables. But I do like beets. Why? Beets me!

Interesting word trivia: to "decimate" something has the primary meaning of reducing it by ten percent.

[daskro]

I don't know how old you are, Tom, but whatever age you may be I can say with certainty that you will not live long enough to see the world run out of oil. The Canadian oil sands contain 2 Saudi Arabias; there is enough oil sands in Wyoming to make another. Then Montana has a tremendous amount of coal (that can be made liquified diesel) under every square inch of land from the Rocky Mountains to its eastern border. Wyoming is one huge coal field. Then there are the Utah oil sands, too. And we haven't hardly touched Alaska. And Cuba is drilling for oil closer to the Florida coast than we are. Now in New Mexico there are also some oil reserves so far untouched.

My point: there is a lot of oil yet to be extracted. Sure, we are using a lot. But there is no proof how oil was/is being made. In other words, the theory--that is the correct word--that oil was made from dead dinasaurs has not been proven and is not universally held. There are many Russian scientists who hold that oil is being made by bacteria in the earth at this very moment.

Biblically--the book of Truth--even at the end of the Tribulation there seems to be flying machines of some type, perhaps nuclear warheads exploding in which whole cities are decimated--I would assume that they would require fuel, too. Sure, horses are mentioned and are no doubt there, too. But there are armies who even now use horses still.

So I am not prepared to say we will run out.

In the mid to late 1800's, scientists were telling us that we would run out of food and fuel to heat our homes in 20-30 years. "There's not enough wood to heat everyone's home." and "there's not enough productive land to feed the people's of the world." Of course we know that God has provided increased productivity of the land and "alternative fuels" for heat. God provides even for unsaved men.

No worries from this quarter.

And this is all contigent on that oil prices continue to rise to give oil sand production a comparative advantage.

I think it's safe to say that cheap oil will be a thing of the past.

[diogenes]

Well, perhaps there is an upside to higher oil costs: it should ease rate increases by the fed. Since higher oil prices are thought to act like a de facto fed rate hike, which keeps inflation in check. Of course the fun argument is, if the fed rate hikes have any impact at all.

My understanding of the Canadian oil is that it will be very pricey to extract relative to other sources.

[New-born baby]

Well, perhaps there is an upside to higher oil costs: it should ease rate increases by the fed. Since higher oil prices are thought to act like a de facto fed rate hike, which keeps inflation in check. Of course the fun argument is, if the fed rate hikes have any impact at all.

My understanding of the Canadian oil is that it will be very pricey to extract relative to other sources.

They can profitably extract the oil at $30 bbl. Compared to Saudi's $4, or the normal US $10 bbl, it sounds pricey. Compared to $70 oil, it's profitable. One thing that would make it cheap is if the Canadian govt would build nuclear reactors to generate electricity and use nuclear power (instead of Natural gas) to convert the sands into oil.

[Lyehopper]

I've always liked beets. And that's weird, because I know a whole lot of people hate 'em, and I'm a really picky eater who likes relatively few vegetables. But I do like beets. Why? Beets me!

Interesting word trivia: to "decimate" something has the primary meaning of reducing it by ten percent.

You decimated that steak tonight to zero percent.... You should have ordered the baked beet instead of that sweet pototo dude!.lol

Hey Rockin'Rob.... My ma-in-law makes these purple pickled boiled eggs that are addictive. She pickles them in beet juice and they absorb the juice and turn purple.... They are another great source of natural gas.

[Lyehopper]

They can profitably extract the oil at $30 bbl. Compared to Saudi's $4, or the normal US $10 bbl, it sounds pricey. Compared to $70 oil, it's profitable. One thing that would make it cheap is if the Canadian govt would build nuclear reactors to generate electricity and use nuclear power (instead of Natural gas) to convert the sands into oil.

It would be cheaper to buy a fleet of GEHL EX-Tractors.... Wouldn't it BillyJoe?

GO BMD!!!!