Crude Oil Targeted - $150-200 per Barrel

[pstarr]

Steve talks a lot about Chevy Volt's and happy motoring until the end of time pretty much like you do here. It must be a pure coincidence I'm sure.

Oh this is just classic. Actual Doomers are becoming less Doomerish, noticing that "gee, the game ain't what it was 5 years ago" and its a CONSPIRACY! You guys just slay me.

You are missing his point, douche. Cog is being sarcastic suggesting that Steve is you, you are Steve. You must be paid handsomely to humiliate yourself and waste so many people's time.

[Revi]

This guy thinks it could hit $150 by 2012, and he was all over CNN yesterday.

I think they are getting us ready for the shock of $5 gas.

http://money.cnn.com/2010/12/27/markets ... /index.htm

[Xenophobe]

This guy thinks it could hit $150 by 2012, and he was all over CNN yesterday.

I think they are getting us ready for the shock of $5 gas.

http://money.cnn.com/2010/12/27/markets ... /index.htm

deleted

[Cog]

Given that you can't respond on the board without violating the TOS Xenophobe, maybe its time you moved on to another peak oil board to spread your message of hope and cornucopia.

[vision-master]

He would be banned the 1st day.

[Xenophobe]

Given that you can't respond on the board without violating the TOS Xenophobe, maybe its time you moved on to another peak oil board to spread your message of hope and cornucopia.

deletedand B) If the professional background of this particular guru is so dangerous for other people to know, what else might TPTB wish to hide?

[Xenophobe]

He would be banned the 1st day.

Thanks for displaying an honest peaker point of view Vision.

"I look upon those who would deny others the right to urge and argue their position, however irksome and pernicious they may seem, as intellectual and moral cowards."
-- William E. Borah

[Revi]

What would the per gallon gasoline price be at $150-$200 a barrel? I am guessing around $5-$8 a gallon, but I could be wrong.

That's what they are already paying in Europe.

[Xenophobe]

What would the per gallon gasoline price be at $150-$200 a barrel? I am guessing around $5-$8 a gallon, but I could be wrong.

That's what they are already paying in Europe.

Of course. If $90 is worth $3, $200 should be worth a solid $6+.

I think we should start petitioning our state and federal representatives to tax crude to that level tomorrow. We need it, if peak oil can't give us the prices we need to change America's wasteful crude habits, our politicians should.

[Outcast_Searcher]

That was one thing he said. More recently, here is another.

Demand for oil will drop due to the growing availability of solar, wind and nuclear power as alternative sources for electricity, Yamani said during a recent interview with Kyodo News.

I think he has a good point. However, what does the middle class do in the (at least) 10 to 15 years that the 3 billion 3rd worlders, let by Chindia ramp up net global demand while the green energy technologies mature enough to produce sufficient supply to deal with the demand? (Answer, burn less. Back door austerity program).

The general glonal crude price trend for the past 7 years or so seems pretty obvious. I see no reason why that general TREND should change anytime soon. The global price will be what the global market will bear. People won't like it, but they can drive small cars, and they can drive less. I think the price can climb to roughly $200 in 5 to 10 years, easily.

[Lore]

What would the per gallon gasoline price be at $150-$200 a barrel? I am guessing around $5-$8 a gallon, but I could be wrong.

That's what they are already paying in Europe.

I believe the correlation will not be so consistent, because you will have demand destruction as well as supply, affecting the actual pump price.

[sparky]

.
There seems to be a demand destruction " lite" ,
it's not yet to such a level of pain as to change a lot of people habits
but it's always there , like a millstone around the neck of a swimmer
the ever rising trade deficit to pay for Oil imports is holding the economy's head underwater
Taking an import size of 10MBd a rise of 1 $ cost the U.S. 360 billions
at 200 $ the barrel that would be 730 $
Of course that's WTI prices ,the real trading price is ~10% cheaper

Next year there should be substantial rise in farming costs , that's food inflation
at a time of great worries about the world grains stocks ,
this year was a disappointment , the stocks went down with an average harvest
and , just to make everybody freak out some more ,Ug99 has spread to South Africa

[energyhoggin]

next summer if the market is still some what recovering we are in trouble, going to be another recession caused by another surge in oil prices...it will be time to get rid of the houses on wheels and get some good ole geo metros or some plain ole mopeds. History will repeat itself, the same thing happened after the 70s oil embargo the only thing different this time is that it wont repeat again