The price of gas

Roger Halstead wrote:

I still maintain until the average American learns to conserve, gas is
going to be a problem.

It's going to be a problem whether we learn to conserve or not. We *will* learn to
conserve to some extent, because it's going to get more and more expensive as the
Saudi oil runs out.

George Patterson
None of us is as dumb as all of us.

In article , Roger Halstead wrote:
On Tue, 01 Jun 2004 21:18:20 GMT, "Jay Honeck"
wrote:

I'm no expert in the field, but one of my best friends is.

Thank you for taking the time to write a most enlightening post.

One thing though: You're going to ruin Usenet's reputation for hyperbole if
you keep this up!

I still maintain until the average American learns to conserve, gas is
going to be a problem.

The geologist who gave the information above showed exactly the point I
tried to make earlier - we aren't going to run out of oil in absolute
terms, but we are close to running out of _cheap_ oil. All the sources
that were identified in the grandparent post all had one thing in common
- they weren't cheap oil, they were all more expensive oil.

I also agree that we (not just the US, but ourselves) need to reduce
dependence on foreign oil. It's strategically worthwhile to develop
alternative fuel sources. If the fact that our oil is coming largely
from countries that dislike us doesn't get us, then the environmental
consequences may well do. (We'd do well to switch our electricity
generation more to nuclear energy using modern reactor designs, for a
start).

--
Dylan Smith, Castletown, Isle of Man
Flying: http://www.dylansmith.net
Frontier Elite Universe: http://www.alioth.net
"Maintain thine airspeed, lest the ground come up and smite thee"

"Roger Halstead" wrote in message
...
On Tue, 01 Jun 2004 21:18:20 GMT, "Jay Honeck"
wrote:

I still maintain until the average American learns to conserve, gas is
going to be a problem.

That's the function _prices_ serve in a free market.

In article , Tom Sixkiller wrote:
Reserves (from the time) and known resources are much higher than what we're
extracting.

I think the point is not that we are about to run out of oil, but we're
going to run out of *cheap* oil.

Necessity being the mother of invention will mean that as the *cheap*
oil all disappears, new technologies will become economically viable
(biodiesels, renewable sources, energy from agricultural waste) that
aren't at the moment because oil is so much cheaper.

In our urban society, the threads are intricately woven, so even those
of us who don't fly or don't drive will see the cost of living increase
for a while. We'll survive, but it might not be all milk and honey for a
few years whilst we get used not to the lack of oil, but the lack of
cheap oil.

--
Dylan Smith, Castletown, Isle of Man
Flying: http://www.dylansmith.net
Frontier Elite Universe: http://www.alioth.net
"Maintain thine airspeed, lest the ground come up and smite thee"

"Dylan Smith" wrote in message
...

In our urban society, the threads are intricately woven, so even those
of us who don't fly or don't drive will see the cost of living increase
for a while. We'll survive, but it might not be all milk and honey for a
few years whilst we get used not to the lack of oil, but the lack of
cheap oil.

Y'all worry too much. We have plenty of cheap oil. 5 years ago the price
of gas, for a few months, was 86 cents a gallon. We'll be right back to
where we're supposed to be by winter. Except California, you're problems
are not economic.

On Sat, 22 May 2004 09:31:00 -0000, Dylan Smith
wrote:

In our urban society, the threads are intricately woven,

Indeed they are, and globally as well. Oil at $40/bbl affects Europe
and China as much as it does the U.S.

America-bashers like to point out that the U.S. greedily consumes 25
percent of the world's energy. Of course, it follows that 75 percent
of the world's energy is consumed outside of the U.S., and that the
U.S. has a correspondingly small influence on the price and
availability of oil.

all the best -- Dan Ford
email: (put Cubdriver in subject line)

The Warbird's Forum www.warbirdforum.com
The Piper Cub Forum www.pipercubforum.com
Viva Bush! blog www.vivabush.org

I agree that refining capacity has been impacted by various enviornmental
regs. These haven't affected drilling (and hence production) much though.

Mike
MU-2
"Tom Sixkiller" wrote in message
...

"Peter Gottlieb" wrote in message
et...
This doesn't sound right. Are you saying the "EPA and others," meaning
government regulation, reduced the oil well reserves?

Reserves (from the time) and known resources are much higher than what
we're
extracting.



"Tom Sixkiller" wrote in message
news

Production peaked due to interference by EPA and others, not due to
availability or resources. IOW he was right for the wrong reasons.

"Mike Rapoport" wrote in message
nk.net...
I agree that refining capacity has been impacted by various enviornmental
regs. These haven't affected drilling (and hence production) much
though.


Environmental regs haven't affected drilling? Are you kidding?

"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
nk.net...
I agree that refining capacity has been impacted by various
enviornmental
regs. These haven't affected drilling (and hence production) much
though.


Environmental regs haven't affected drilling? Are you kidding?



Let's see...where have I been. I was an energy analyst for about a decade
and since then I have made a reasonable living investing in energy
companies. Where have you been? Listening to AM radio?

Mike
MU-2

"Mike Rapoport" wrote in message
ink.net...
"Tom Sixkiller" wrote in message
...

"Mike Rapoport" wrote in message
nk.net...
I agree that refining capacity has been impacted by various
enviornmental
regs. These haven't affected drilling (and hence production) much
though.


Environmental regs haven't affected drilling? Are you kidding?



Let's see...where have I been. I was an energy analyst for about a decade
and since then I have made a reasonable living investing in energy
companies. Where have you been? Listening to AM radio?


I don't get a good AM signal here.

Do your energy companies have to abide by more and more, or less and less
environmental regulation? Is it easier or harder to drill now than it was
back 30 or so years ago?

Ask your energy companies how mush they do new drilling now than they did in
years past.

Are you always so goddamn pompous?