Sure $5 a gallon gas will be here as well as $10 a gallon and higher than that. As to when... I have no clew. In the long term our crude supplies will be depleted and oil / gas prices can only go one way in the general trend and that is UP. It may have blips here and there, but the writing is on the wall as to our future with oil and the rest of the fossil fuels we gobble up. Many people just think of crude oil for gasoline production. From this list we can see that we are still massively depend on crude for our non sustainable lifestyle. There is no replacement for crude...crude is in the details of our life. So even if we all stop driving we will just be postponing the inevitable that our artificial way of living is going to change in the not so distant future. A partial list of products made from Petroleum (144 of over 6000 items) One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like: Solvents Diesel Motor Oil Bearing Grease Ink Floor Wax Ballpoint Pens Football Cleats Upholstery Sweaters Boats Insecticides Bicycle Tires Sports Car Bodies Nail Polish Fishing lures Dresses Tires Golf Bags Perfumes Cassettes Dishwasher Tool Boxes Shoe Polish Motorcycle Helmet Caulking Petroleum Jelly Transparent Tape CD Player Faucet Washers Antiseptics Clothesline Curtains Food Preservatives Basketballs Soap Vitamin Capsules Antihistamines Purses Shoes Dashboards Cortisone Deodorant Footballs Putty Dyes Panty Hose Refrigerant Percolators Life Jackets Rubbing Alcohol Linings Skis TV Cabinets Shag Rugs Electrician's Tape Tool Racks Car Battery Cases Epoxy Paint Mops Slacks Insect Repellent Oil Filters Umbrellas Yarn Fertilizers Hair Coloring Roofing Toilet Seats Fishing Rods Lipstick Denture Adhesive Linoleum Ice Cube Trays Synthetic Rubber Speakers Plastic Wood Electric Blankets Glycerin Tennis Rackets Rubber Cement Fishing Boots Dice Nylon Rope Candles Trash Bags House Paint Water Pipes Hand Lotion Roller Skates Surf Boards Shampoo Wheels Paint Rollers Shower Curtains Guitar Strings Luggage Aspirin Safety Glasses Antifreeze Football Helmets Awnings Eyeglasses Clothes Toothbrushes Ice Chests Footballs Combs CD's Paint Brushes Detergents Vaporizers Balloons Sun Glasses Tents Heart Valves Crayons Parachutes Telephones Enamel Pillows Dishes Cameras Anesthetics Artificial Turf Artificial limbs Bandages Dentures Model Cars Folding Doors Hair Curlers Cold cream Movie film Soft Contact lenses Drinking Cups Fan Belts Car Enamel Shaving Cream Ammonia Refrigerators Golf Balls Toothpaste Gasoline Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than 250 cubic feet of natural gas per day each! http://www.beloit.edu/~SEPM/Geology_and_the_enviro/Petroleum_need.html Realize this, throughout history many great nations that once were are not around any longer. Hopefully the US will understand this and start accepting the truth that something has to give and it can't be business as usual. Always remember, none of us will be ultimate survivors, we all have to die one day. But the successful survivor extends his or her life beyond an earlier death...a death that was caused by ignorance of how to make that life last longer. You still have some valuable time left to prepare for what awaits you down the road. We are in the 'Indian Summer' of a carbon based world. Don't wait until the winter sets in to start work on your preparedness efforts. Beyond Oil: the view from Hubbert's Peak by Deffeyes, Kenneth S. http://www.princeton.edu/hubbert/ Bowling Alone: the collapse and revival of American community by Putnam, Robert D. Breathe No Evil Safe-Tek Publishers Collapse http://en.wikipedia.org/wiki/Collapse_(book The Coming Economic Collapse - how you can thrive when oil costs $200 a barrel by Leeb, Stephen Crossing the Rubicon: the decline of the American empire at the end of the age of oil by Ruppert, Michael C. Dancing at Armageddon: Survivalism and Chaos in Modern Times by Richard G. Mitchell Jr The Long Emergency: surviving the converging catastrophes of the twenty-first century by Kunstler, James Howard The Oil Depletion Protocol : a plan to avert oil wars, terrorism and economic collapse by Heinberg, Richard Peak Oil Survival: preparation for life after gridcrash by McBay, Aric Powerdown: options and actions for a post-carbon world by Heinberg, Richard Resource Wars: the new landscape of global conflict by Klare, Michael T [ame="http://www.amazon.com/Resource-Wars-Landscape-Conflict-Introduction/dp/0805055762"]Amazon.com: Resource Wars: The New Landscape of Global Conflict With a New Introduction by the Author: Michael T. Klare: Books[/ame] A Thousand Barrels a Second: the coming oil break point and the challenges facing an energy dependent world by Tertzakian, Peter Twilight in the Desert: the coming Saudi oil shock and the world economy by Simmons, Matthew R. Zoom:the global race to fuel the car of the future by Iain Carson and Vijay V. Vaitheeswaran.
Wow I wondered how many gallons of gas came from a barrel of oil. Also I know tons of products are made from crude aside from the amount used for gas, but had not searched for what all contained it (I was certain almost all household products contained it somehow). However, I had not sought out that list or information yet. Thanks Allenwrench!
There is the possibility of some hope. Many geologists think that oil is formed not only from carbon based life breaking down under pressure, but also by intense pressure by itself.. Pressure that can be found around the Earth's mantle. In other words pressure alone could create pockets of oil. This has been verified by experients simulating Earth's pressure at these depths and methane was produced. Assuming drilling technology catches up with theory, there could be vast untapped reservoirs of energy beneath the Earth's crust, at Earth's mantle. Just a possibility of course. http://physicsworld.com/cws/article/news/20222
Well, gas has now risen 40 cents in my town and they are saying it is going to rise higher still. Also, they are rationing now, limiting purchases to 10 gallons a customer.
You know every time I hear a report and some right wing opposite world talking head say " Our economy is suffering because of our energy demands" I laugh and then sigh. The Oil Corporations have us where they want us. The Republican corporate advocating traitors will scream drill , drill , drill and blame the congress ; who was just following the will of their constituents by not advocating to drill. Start an Ev program with tax incentive the opposite way to the ones that stopped the Ev experiment from the 1996 - 2003. Do you guys remember that. The tax incentive for big suv's was triple the allowance given to EV's (there's that capitalism and lobbyist at their best) also add the renewed interest in natural gas and the pre-existing infrastructure for it (Needs to be expanded) the price will come down and we will begin to thumb our noses toward the Saudis and the money hungry traitors. Drilling solves nothing , moving forward with alternative is the answer , but unfortunately there are a great many that this will effect their pockets ...Boo Hoo!
Gas has jumped over a dollar so far today here in NC. They "estimate" it'll stop at about $5, when it was $3.60 this morning.
If it ain't the greedy bankers, it's the greedy oil companies... Ex Shell president sees $5 gas in 2012 December 27, 2010 -- The former president of Shell Oil, John Hofmeister, says Americans could be paying $5 for a gallon of gasoline by 2012.
Crude oil prices goin' back up... Oil's surge in 2010 paves the way for $4 gasoline 12/31/10 - The price of oil is poised for another run at $100 a barrel after a global economic rebound sent it surging 34 percent since May. That could push gasoline prices to $4 a gallon by summer in some parts of the country, experts say.
Rising gasoline prices are actually a good thing so long as the increase in cost is not going to the government. Gasoline historically is a very inexpensive form of transportable energy that has typically lagged behind overall inflation. Of course that was before peak oil production was reached and today we have diminishing supplies with an increase in overall world usage (although US consumption in gallons used has actually gone down since 2006). Increased costs due to supply and demand will be the driver behind exploration of alternate fuels/energy for transportation. It will also lead to fewer cars on the road as more individuals will choose to carpool or make fewer trips. As long as the increased costs are based upon supply and demand this is a natural economic cost increase and is something we should expect. The increase in cost will spur economic activity. Only when the price is artificially inflated by government taxation do we need to be concerned.
Exactly. As long as the cost rises are the result of natural market forces then no one really has any reason to complain. Premium just topped 3.29 a gallon here. I was surprised because when I filled up last week it was 20 cents cheaper.
Saudi's stickin' it to us for supportin' freedom in the mid-east... Saudi slashes oil output, says market oversupplied Sun Apr 17,`11 – Saudi Arabia's oil minister said on Sunday the kingdom had slashed output by 800,000 barrels per day in March due to oversupply, sending the strongest signal yet that OPEC will not act to quell soaring prices. See also: Americans Driving to Mexico to Buy Gas Should Wake Up U.S. Politicians Sun Apr 17,`11 | With the price of oil soaring to more than $100 a barrel, many Americans are making a shocking decision on how to fill up their vehicles. Americans who live near Mexico are sometimes driving across the border for gas where prices are on average $1.20 per gallon cheaper. There are conservative and liberal solutions to our dangerous dependence on foreign oil.
Of note the price of gasoline in Mexico is less than in the United States because the Mexican government subsidizes gasoline which reduces it's costs. In the United States both the federal and state governments tax gasoline which increases it's cost per gallon. Depending on the state gasoline would probably sell for about fifty cents or more less if it wasn't taxed.
So ... any explanation as why my local Gas price has gone down from $4.30 almost 2 1/2 weeks ago to $4.05 this morning? I just need to know if I should blame the President or not? What do the Experts have to say?
It is probably because some western countries have been stock piling oil and now there is a glut but do not worry it will start heading up again soon.
That's right... When summer comes and American's start using more and the old "supply / demand" thing becomes evident again. You guys should have started using fuel efficient vehicles a very long time ago - like the rest of the world!
With the insignificant exception of the "Strategic Oil Reserver" the United States government does not purchase oil. Oil is purchased by private companies so "countries" don't purchase oil, enterprise does. The world as a whole is increasing oil consumption although the United States reached peak oil consumption in 2007. As the same time the world is producing less oil as "peak oil" production has been passed. We have less world supply and more world demand so the price of oil is going to continue to rise indefinately into the future based upon world supply and demand. There is absolutely nothing the government can do about this and never has been.
