Comments on: Oil at $200 a barrel?

By: lord of lords

lord of lords — Sat, 16 Aug 2008 02:31:29 +0000

The price of oil has to go down . And then will go up again. Up to maximum level 1,70 for a USD with the Euro. Down up to 1,20. In this interval you will keep working and save nothing. You ll stay were you are. There is enough oil for next 1000 years at this spending level even 20 % increase. Did you know that?

By: Ron Tan

Ron Tan — Tue, 27 May 2008 18:47:57 +0000

Dear Sir,
As oil hit higher price, it will discourage the use of fossil fuel.
It will be a plus for combating climate change and global warming.
As it is the weather is getting hotter this summer, and the
prohibitive market price of oil will lower the demand on theuses of airconditioning in USA and Europe.
Higher oil price is likely to help Sir Nicholas Stern report on
lowering carbon emission by 80% to 90% to avoid
catastrophic disasters.
Regards,
Ron Tan
http://www.infernofuel.com

By: Ron Tan

Ron Tan — Tue, 27 May 2008 18:39:28 +0000

Dear Sir,
It is possible that oil price will hit US$200 per barrel.Most users
of energy is not fully aware that theory of science defines combustion
is inefficient anywhere except in a laboratory controlled environment.
There are 2 immediate ways to combat oil consumption crisis now,
one is to extend more km for each litre used, and the other is to expand and develop alternative source of renewable energy.
In the meantime leave the politicians to sort the hike in prices out,
as government can demolish taxes on fuel or demolish VAT to cushion the blow.The best bet is to be energy efficient and enhancing the combustion efficiency of fuel.Energy efficiency by itself is actually
oil reserves not being used in the most beneficial ways to all economy.http://www.infernofuel.com

By: Tomas

Tomas — Mon, 26 May 2008 10:44:25 +0000

Price of oil and gas i Poland:
oil 8,31$ per gallon / 4,75PLN per litr
gas 7,98$ per gallon / 4,56PLN per litr

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By: John

John — Fri, 23 May 2008 19:09:32 +0000

Loose the v6's and v8's and 3+ litre cars in America and things will improve. It may be hard for Americans to believe this but there one of the biggest cause of the fuel price hikes.

By: Andrian Harsono

Andrian Harsono — Fri, 23 May 2008 18:38:49 +0000

Even for someone like myself who works for an oil company, it really hurts for me to see oil price shoot up so quickly. For those who demand that OPEC increase production or that national governments cut down on fuel tax, you guys are missing the point! Deep inside I am glad that people (especially the americans) are feeling the pain in their wallets. We will never have cheap oil again, so face up to it and get green! While I help the company get more oil out of the ground, I walk to work (at the age of 28, I still haven't my first car), use energy-saving light bulbs, refuse paper bank statements and recycle magazines/paper. As an industry, we will continue to make record profits every quarter and I will still be the least affected by the all this hooha.

By: A.Y.

A.Y. — Fri, 23 May 2008 15:11:29 +0000

Crude oil may cross $160 a barrel at the time of Beijing Olympic. That is the time of high demand for this year. Crude oil price already crossed $134 a barrel this week. At the current trend if we add 40% than it may cross $187.6 a barrel in January 2009.

Thank god there is no war at present. I am afraid if war or something starts in the world than crude oil may cross $300 a barrel.

By: emanuel galdes

emanuel galdes — Fri, 23 May 2008 14:52:57 +0000

Economics will always win out over politics. Politics is the art of make-believe whereas economics is harsh reality. So a finite source will eventually dry out and become available only to the highest bidders. Those who have this source would do well not to sell it for any price. That is what I would do if I were a supplier. I would supply just me mostly and that`s about it. Of course that risks that I get invaded. If I am sufficiently disgusting like the leaders of most gulf medieval states it makes it easier for America to just do that under the pretext of democracy or decency or right or whatever the heck you want to call it.

But look at the brighter side. So many new technologies have been sidelined just because they are too expensive to operate when compared to cheap oil. Cheap oil? You just wait for it buddy to hit a thousand a barrel ($1000/pbl) and you will know how cheap oil is then.

This will ensue into the new energy order of solar, wind and wave-motion power. When you have that you don`t need farmland to produce crops for cars to guzzle.

Politically this means that all states who are foremost oil producers will eventually end up disempowered because their main produce will not net them the huge finances which they do under present economic regimes. Of course they too will have to adapt to the alternative methods but they would have to adapt much more than the western world does. The western world is not based on just oil production. They will never have that energy clout again. Energy production will be democratised. As it is energy production is subsidising a world on a medieval monopolistic model. The new way would mean that you and I can decide what to do about it.

Politics will gain from this but not before the old stratum of political wheeling and dealing will be done away with too.

By: willie pabalan

willie pabalan — Fri, 23 May 2008 07:15:21 +0000

other sources of energy are available. Jatropha is one of them. the world will see a shift to alternative fuels. The world will adjust.

By: James

James — Wed, 21 May 2008 17:45:52 +0000

Americans need to learn a thing or two about building efficient cars… I have a fairly normal car by UK standards (think VW golf sized), small 1.4L diesel engine that gives me 60mpg, but can still push a sub 10 second 0-60 and 125mph top speed.. And no need for fancy hybrid tech that just causes the car to add an extra 500 pounds in weight thus eliminating any efficiency savings...

Cars with incredible efficiency are possible, just the car manufacturers need a public that are demanding better mpg...