We cannot drill our way out of this oil crisis. Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year.
Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the terminal decline of existing fields.
We are going to have to import more of our oil. Period.
Joined: Dec 29, 2004 Posts: 708 Location: Galveston
Posted: Thu Apr 24, 2008 10:26 pm Post subject: Aaron, I am stuck in the Houston area and I'm freaking out.
Divorce has relocated me back home.
I've got to get stable, and find a way to get the gas monkey off my back. I have a lease on Galveston Island until the end of the year, then I'd like to find something permanant. Maybe the hill country.
I need to calm down first. I need help with making priorities.
What is the biggest threat to folks in the Houston area? How are we going to make it through the summer when gas hits 4 bucks? _________________ “When people get married because they think it's a long-time love affair, they'll be divorced very soon, because all love affairs end in disappointment. But marriage is a recognition of a spiritual identity.” - Joseph Campbell
Joined: Sep 01, 2005 Posts: 202 Location: New Hampshire USA
Posted: Fri Apr 25, 2008 10:07 am Post subject: Re: Aaron, I am stuck in the Houston area and I'm freaking o
I'm sorry to hear about a divorce, it must be tough for you to deal with that as well as increases in bills. I would suggest looking for someone you trust (hard to do) to take on as a room mate.
Posted: Fri Apr 25, 2008 1:04 pm Post subject: Re: Aaron, I am stuck in the Houston area and I'm freaking o
misterno's correct... Houston is a PetroChem town, and the higher oil goes, the more money & jobs flow into Houston & the surrounding areas.
I anticipate this condition will persist for some time to come, since there is a lengthy time-lag in the energy biz between investment & profit.
20 years ago companies were preparing for $36/bbl oil, and they invested accordingly.
At $120+, it's raining money in Houston. _________________ "We shall not cease from exploration
And the end of all our exploring
Will be to arrive where we started
And know the place for the first time." - TS Eliot*
Joined: Dec 29, 2004 Posts: 708 Location: Galveston
Posted: Sun Apr 27, 2008 6:42 am Post subject: Re: Aaron, I am stuck in the Houston area and I'm freaking o
I am not really concerned about making ends meet in the present, I am very concerned about the long range problems in Houston.
I just dont feel like I will stay in the area more than a year or two, unless I can find a long range plan. _________________ “When people get married because they think it's a long-time love affair, they'll be divorced very soon, because all love affairs end in disappointment. But marriage is a recognition of a spiritual identity.” - Joseph Campbell
Joined: Dec 29, 2004 Posts: 708 Location: Galveston
Posted: Sun Apr 27, 2008 5:19 pm Post subject: Re: Aaron, I am stuck in the Houston area and I'm freaking o
I should have been more specific. I covered my personal situation in another thread.
What I would really like to discuss is the long range problems Houston is likely to face. If I am not mistaken I think the population for the greater metropolitan area is approaching 7 million souls and that makes me a little nervous.
I realize no one can predict the future, but I'd like to speculate on the situation in Houston in the event of a fast crash. _________________ “When people get married because they think it's a long-time love affair, they'll be divorced very soon, because all love affairs end in disappointment. But marriage is a recognition of a spiritual identity.” - Joseph Campbell
Posted: Mon May 05, 2008 10:52 am Post subject: Re: Aaron, I am stuck in the Houston area and I'm freaking o
It will be one helluva nightmare. No one will be going anywhere. There will be lots of depression, anger, fear, people will lose their jobs because they can't get to work, or the customers can't get there to buy whatever it is they sell (good or services). Some people will suicide, I am sure of it.
The only way people are going to move is via bicycle and walking.
Wednesday wrote:
I should have been more specific. I covered my personal situation in another thread.
What I would really like to discuss is the long range problems Houston is likely to face. If I am not mistaken I think the population for the greater metropolitan area is approaching 7 million souls and that makes me a little nervous.
I realize no one can predict the future, but I'd like to speculate on the situation in Houston in the event of a fast crash.
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