The price of gas

I'm too young to comment on the 70's oil fiasco, but was there as much
doomsday talk back then about 'Peak Oil' as there seems to be today? I
don't pay much attention to it, but I've been getting email links from
others freaked out about Peak Oil. And they refer to sites such as
lifeaftertheoilcrash.net and so on.


I'm not too young to remember, and I have been told we would run out of oil
within 30 years for as long as I have been alive.

We will run out of $20 a barrel oil, but there is a LOT of $60 a barrel oil.

On the bright side, I own 1/6 of an oil well in Louisiana.

Well, it is a bright side for me, anyway.

:-)

--
Wm. Donald (Don) Tabor Jr., DDS
PP-ASEL
Chesapeake, VA - CPK, PVG

"Wdtabor" wrote in message
...


I'm not too young to remember, and I have been told we would run out of
oil
within 30 years for as long as I have been alive.


That figure was bandied about by Erhlick's Club of Rome and published in the
book "Limits to Growth." These neo-Malthusians will never admit that they
were wrong. They were wrong. On everything.

The trouble is that the oil companies explore enough to keep a thirty year
reserve in the pipeline. Thus, there is always thirty years left of "known
oil reserves." That is a far cry from saying that there is only thirty years
of oil left in the world.

"C J Campbell" wrote in message
The trouble is that the oil companies explore enough to keep a thirty year
reserve in the pipeline. Thus, there is always thirty years left of "known
oil reserves." That is a far cry from saying that there is only thirty
years
of oil left in the world.

My common response to this "We're runnin' outta earl!" is that I just can't
WAIT until oil becomes so damn expensive that alternative fuels finally
become reality.

There is all this wonderful, cool technology out there just waiting for
fossil fuels to become so expensive that they become viable. We just need
to run out of something before they are affordable.

Necessity is the momma of invention.

--
Jim Fisher

Hear hear!

My common response to this "We're runnin' outta earl!" is that I just can't
WAIT until oil becomes so damn expensive that alternative fuels finally
become reality.

Hear hear!

My common response to this "We're runnin' outta earl!" is that I just
can't
WAIT until oil becomes so damn expensive that alternative fuels finally
become reality.

Yeah, but will we be able to afford all that cool technology?

It doesn't become "viable" until oil is unaffordable.
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Jay Honeck wrote:

Yeah, but will we be able to afford all that cool technology?

Yep. Just like we were able to afford kerosene when whale oil became too expensive.

George Patterson
I childproofed my house, but they *still* get in.

"Jay Honeck" wrote in message
Yeah, but will we be able to afford all that cool technology?

It doesn't become "viable" until oil is unaffordable.

Probably not, Jay. I would like to think that capitalism will keep prices
in check. It's always worked in the past. I've no doubt it will work in
the future.

The bonus for us is that we can finally tell the OPEC nations kiss our
shiny, hairy, American asses for good. Let 'em all kill themselves and we
will all live happily ever after.

--
Jim Fisher

in article , Jim Fisher at
wrote on 5/17/04 6:33 PM:

"Jay Honeck" wrote in message
Yeah, but will we be able to afford all that cool technology?

It doesn't become "viable" until oil is unaffordable.

Probably not, Jay. I would like to think that capitalism will keep prices
in check. It's always worked in the past. I've no doubt it will work in
the future.

The bonus for us is that we can finally tell the OPEC nations kiss our
shiny, hairy, American asses for good. Let 'em all kill themselves and we
will all live happily ever after.

--
Jim Fisher

Some day, historians will view our current obsession with petrolium much the
same way we look upon ancient commodities such as spices and silk. Just as
we wonder what all the fuss was about, they'll marvel at how much strife has
resulted from this particular natural resource.

Jim Fisher wrote:

"Jay Honeck" wrote in message
Yeah, but will we be able to afford all that cool technology?

It doesn't become "viable" until oil is unaffordable.

Probably not, Jay. I would like to think that capitalism will keep prices
in check. It's always worked in the past. I've no doubt it will work in
the future.

If you look at the history of similar items (petroleum is a good example), they start
off with pretty high prices and then get cheap as people switch over and economies of
scale come into play.

George Patterson
I childproofed my house, but they *still* get in.

Jim Fisher wrote:

The bonus for us is that we can finally tell the OPEC nations kiss our
shiny, hairy, American asses for good. Let 'em all kill themselves and we
will all live happily ever after.


I doubt that will happen any time soon. America accounts for 25% of
the worlds oil consumption all by itself.