Peak oil...or not? (I'm expecting $3.50 gas by this spring and summer)

[suspectnumber961]

I'm expecting $3.50 gas by this spring and summer. Are you prepared humans?

Unleaded Gas Seasonal Chart

http://www.wtrg.com/daily/huspot.gif



The Oil Drum | Heads in the Sand? Or, Why Don?t Governments Talk about Peak Oil?

There is a train crash about to happen from an energy point of view. But politicians everywhere seem to have entirely missed the scale of the problem… [G]overnments and multilateral agencies have failed to recognize the imminence and scale of the global oil supply crunch, and most of them remain completely unprepared for its consequences.1

Anyone aware of peak oil has had to wonder (at least briefly) why the world's governments seem to be ignoring the issue. The official silence is difficult to fathom in light of the fact that the IEA has decidedly come down on the side of a likely peak by 2030, while Fatih Birol (the Agency's Chief Economist) suggests it's more likely a “plateau” from 2020, or even earlier – a claim recently published in the influential magazine, The Economist.2 As the UK's Energy Research Council points out, “The growing popular debate on ‘peak oil’ has had relatively little influence on conventional policy discourse. For example, the UK government rarely mentions the issue in official publications and …..'does not feel the need to hold contingency plans specifically for the eventuality of crude oil supplies peaking between now and 2020'.”3 The report notes that “the UK is one of many countries that are failing to give serious consideration to this risk.”4 But are governments really ignoring peak oil? Are they unaware of it? Or are they aware and taking steps to deal with it – even while they keep silent on it in public? Indeed, is their silence a policy choice itself?

This research note is an attempt to map out the range of reasons for governments' silence on peak oil. These reasons can be seen along a continuum, from ignorance (“we don't know”), to disbelief, to conspiratorial silence (“we know well, and have plans, but we're not sharing them”). This post surveys some of the more common ideas regarding governments' lack of attention to the issue, in the hope of spurring comments from readers regarding which of the scenarios is more plausible in light of available evidence.

more....

[pgfpro]

Heres a interesting read.

Iran behind the Oil Price Hike

[gone-ot]

...the proverbial case of the Iranian "tail" wagging the global "dog"

[rmay635703]

Originally Posted by Old Tele man

...the proverbial case of the Iranian "tail" wagging the global "dog"

The sad part is as our supply has INCREASED so has the price, we have been over 90% of storage capacity on both oil and natural gas since early this year and that is including new storage being added, meaning we have even more reserves now.

I don't believe the Iranians are completely to blame as we have a large set of banks manipulating the oil market here. Especially the eastern fuel oil market, nice that our bailout money helps banks buy more oil to store.

Very sad.

[RobertSmalls]

I'm still rooting for $250/bbl.

[pgfpro]

Holy crud or crude it just closed out at 83.19 a bbl.

[Katana]

I currently pay $6.50 per US gallon here in England, I'd love $3.50 a gallon again, i don't think it's been that low since the mid 90's.

[bgd73]

The only thing running out is respect for what needs to be done. "rockheads" of engineering have to go. Feeling safe for 50 years and more... gaining billions of dollars, gaining worlds attention, a king unstoppable. The tiniest midget mind in the world attempts to take a wild stab at taking it over...

Since the dawn of cultural divide, it goes to war, the same result.... Another rockhead of truth lasts a few more content years.....

I look forward to this like a happy daydream. I'd gimp with half a leg and a machine gun...smiling, smiling away.

Maybe I should become a muslim terrosrist..

nah.

[Laurentiu]

umm...some of us are already paying much more, like "katana" mentioned.
Here in Cyprus, 95 unleaded is currently approx. 5.2 USD/gallon and rising

[MadisonMPG]

Originally Posted by Laurentiu

umm...some of us are already paying much more, like "katana" mentioned.
Here in Cyprus, 95 unleaded is currently approx. 5.2 USD/gallon and rising

wow, how much is that for you? Like, what does a loaf of bread cost, or just something where I can judge how much more it is.