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The Price Of Oil - Page 27

With flooding and severe weather in the midwest I do not think things are looking up. I hope that my raise this year helps some but I know it is not going to cover it much.

Oil Price The

Some things that NEED to happen:

1. Congress needs to allow drilling in Alaska (I think they are the ones keeping that back) at least as a temporarily solution.

2. Arabs have to increase production and stop capitalizing on laid back output because of the high price.

3. People need to step up major protest action.

4. Meanwhile get the oil companies to release their patents on inventions that fuel cars for little resources (just dreaming there)

5. Stop the alternative biofuels completely - stop funding these programs.

The Price Of Oil History & Civil Business Politics

I agree on all points exept for points 2 and 5. I believe that the arabs may not be able to increase production because they are at peak or over peak of what the wells can produce now. I believe thier oil supplyis are dwindling below what they want to admit.

I believe we can find non food ways of prucing biofuels. This will keep the food situation at a better managed situation. We do not need to make ethanol out of corn.

Page 27 Oil Price The

It is not cars I fear families have to worry about it is the Furnace fuel. Old prices around 1.0 to 1.20 a litre now push 1.40 1.60 at 500 ltres per fill it will hurt a lot. Average winter used 1200 to 1500 litres.

Oil Price The

https://news.yahoo.com/s/ap/20080609/ap_on_bi_ge/saudi_oil

So, now that "the kingdom" is concerned about its profitability in the future, they want to "have a sit down" with their customers. Think it will change anything? Nawhh.

The Price Of Oil

I doubt it will change anything. When oil was first found in the middle east and then in the 70's with the oil crunch experts maintained that the oil would reach peak outflow between 2008 and 2012 depending on how oil was used. With China using more and more oil all the time I think we have crossed the threshold and they can not longer produce as much oil as they have been.

Granted they are not out of oil but I believe in the next few years the output of oil will continue to lessen and thus the cost of crude oil is going to skyrocket beyond what we are seeing now.

The Price Oil - Page 27

Krakyn wrote:

I am concerned about both. I live in Alaska where it costs more to heat in the winter anyway (longer & colder). We heat our home with oil. We used to fill our 300gallon tank twice a year at a cost of about $600 a year. Now we still use the same amount of oil only we rarely fill it because to do that it would cost over $1200 each time. So now our annual cost has quadrupled and then some.
We will probably end up putting in a gas furnace, but it won't be happening this year.

I have already complained about the cost of my commute. $1000 a month just for gasoline. Today's prices were $4.12 a gallon.

The Price Oil Politics Business Civil & History - Page 27

Yes I am banking extra monies for the summer to help my parents this winter with the oil. I think the heating oil is more critical because a person can chose to live closer to work but not to freeze to death. I am betting wood makes a big come back as it will be 4 times cheaper then oil. (In my area)

Alskann I were you I would get an outback from Subaru great car in snow and the 4 cylinder model are reliable with enough horse power to do what you need. I know snow and cold is your life up there.