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96 comments on Boone Pickens: There's No End in Sight for the Rise in Crude Oil Prices

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myndlessconsumption on October 18, 2007 - 7:03pm Permalink | Subthread | Parent | Comments top

The Bush Doctrine of lowering the dollar slowly over the next few years is turning dangerous. After what just happened with Turkey and China, its doubtful Bush cares anymore about the U.S dollar, and probably for good reason. While exports are up and will continue to rise in the coming years, the negative impact of higher oil, industrial metals, and imports will put a damper on the economy. The Housing bubble has yet to run its course.

Hopefully fuel demand falls. Thats all we can really hope for right now. If gasoline demand falls under 9 MBD, and overall demand stays at 20-22 MBD during the coming severe recession, we may just be all right for another 3-4 years, in a general sense. I think I'm hoping for the best. I'm going to go buy some more freeze drieds and scrap/tool metal and possibly some seeds. I honestly want to say I'm crazy, but right now, the best we can hope for is a few decent years. I will be tearful for joy if gas prices only double and food prices only triple, and unemployment doesn't reach 20%.

The prices have yet to really effect me, as my vehicle gets 45 MPG and I regular Costco. But for most people who drive Hummers and SUV's, minivans, and super trucks, and live in large cities/shop at the average Grocery, prices are getting unbearable. Along with Mortgage payments. Is there any money left? Hopefully credit cards have a ways to go before maxing out.

Thats the best we can hope for. Get those Oil/Gold futures now.

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FMagyar on October 18, 2007 - 7:16pm Permalink | Subthread | Parent | Comments top

Oh, slap a yellow ribbon on your SUV...

There does seem to be a "What, Me Worry?" attitude still being pushed in the popular media oulets such as CNN. One does wonder if the author of this statement, "Despite the recent gains in crude prices, when adjusted for inflation, oil is still slightly cheaper than the $95 a barrel or so it would have been in the early 1980s.", is trying say that things really aren't all that bad.

http://money.cnn.com/2007/10/18/markets/oil/index.htm?cnn=yes

I for one am curious to know when the concept of "Peak Oil" will finally start seeping into the mass consciousness.

We do indeed live in very interesting times.

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myndlessconsumption on October 18, 2007 - 7:48pm Permalink | Subthread | Parent | Comments top

Its already happening to a certain degree.

When the MSM unleashes the words Peak Oil, you can bet top dollar that things are going to be crazy. I suspect this site and others to shut down from the demand. Thats probably the intent too-

MSM: "Peak Oil" "the British are coming" "Fire"

all Peak Oil sites are bombarbed with 10 million SUV owning soccer moms, 20 million college students, and 30 million other large vehicled people- all at once.

Peak Oil sites shut down across the net, with help of government planted hackers. The sheeple never learn the truth as the repositories of information and free thought are cut off from them allowing the propaganda to reign supreme. Fox news wins.

something along those lines. Its like a sad, sad, sad story.

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SacredCowTipper on October 18, 2007 - 9:23pm Permalink | Subthread | Parent | Comments top

I think the internet is just a little more resilient than that :-) Sure, TOD, PeakOil, DieOff, etc will get bombarded at first and hosting may go down, but the cluefull know how to use Google cache and once the initial furor dies down the masses will listen to talking heads on Tee Vee while the existing peak oil oriented sites cope with a 10X increase in subscribers.

There will, of course, be efforts to spin it just like the effort to spin global warming. Unlike global warming denial we'll see blaming - the oil companies, the {Arabs|Iranians|Venezuelans|etc}, the environmentalists, and so on.

There will be an immediate ferocious effort to undo environmental laws and pillage everything in sight - the environmentalists will be blamed for not permitted the development of the ANWR, and so on.

It'll take a bit, perhaps a couple of years due to depression slowing consumption, but it'll sink in that its us and we have to change here.

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TrueKaiser on October 19, 2007 - 9:39am Permalink | Subthread | Parent | Comments top

(please don't mind the poorer then normal spelling i am posting from a work computer)
sorry but it'a mostly a myth that the internet is that reseliant.
the hosting company that hosts this place and the other peak oil sites do not 'just' host these sites. They like many others host hundreds to thousands of other sites as well. such a ddos(disatributed denial of service) attack might make them tell the people who manage this site that they will no longer accept their busnius or demand that they pay a much higher rate. because this is only one site out of many they host and it's preventing them from getting revenue from the other's.

The effect of blacking out the internet sites might not be intended when they start to tell the populace of peak oil happening now or in a couple of years on the msm. but as you said though they will take advantage of it.

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john macklin on October 19, 2007 - 9:56am Permalink | Subthread | Parent | Comments top

Best to brush up on shortwave radio.

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Yosemite Sam on October 18, 2007 - 8:36pm Permalink | Subthread | Parent | Comments top

Note that in the third video, Kevin Kerr said even though he is not a "peak oil nut" he then said that "peak oil is starting to come to fruition." I think "Peak Oil" has arrived. It's the implications that are not being explored in detail as they are here at TOD.

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step back on October 18, 2007 - 10:09pm Permalink | Subthread | Parent | Comments top

You almost had a hit song going there.
(Apologies to Tony Orlando and Dawn.)
((Music if you please, maestro.))

Oh slap a yellow ribbon on the old SUV,
There's no reason for oil ta' worry me,
Cause we've got a dynamite econo-me,
Or so say the talking heads on CNBC,

So forget about crude,
Don't be rude,
Go out to stock that Christmas tree,
And slap a yellow ribbon on yer' old SUV.
Slap a yellow ribbon on yer' old SUV.

I'm drivin' home, I've done my time
Now I've got to know how much gas will all be mine
If you received my email tellin' you gas will soon be three (or $6)
Then you'll know just what to do if want it free
If you want it free

CHORUS:
Oh slap a yellow ribbon on the old SUV,
There's no reason for oil ta' worry you & me,
Cause we've got that unstoppable dynamite econo-me,
Or so say the talking heads on Fox and CNBC,

...

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artaxt on October 18, 2007 - 10:31pm Permalink | Subthread | Parent | Comments top

Gotta work on some of the phrasing, but I agree, there's a great song there.

- Scott
"Try sour grapes; you might like them."

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710 on October 19, 2007 - 2:04am Permalink | Subthread | Parent | Comments top

Check out the Asylum Street Spankers video, Stick Magnetic Ribbons on Your SUV.

Warning: language. For mature audiences, with the sound turned down.

"I'm sitting here in Iraq
And I wish my head eyeballs in the back
It's a bummer that my Hummer
Isn't armored to a T
To show me your support
You've spent a dollar ninety-three ... "

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davebygolly on October 18, 2007 - 8:22pm Permalink | Subthread | Parent | Comments top

Ah, but that's just it: even if I am better "positioned" than my neighbor in the near term, as the social fabric begins to tear apart we all will suffer, some sooner, some later. It's a completely alien notion to us (US), but at some point we're are going have to start thinking cooperation. Much can be done even on the local level. But ultimately we need to do so on the national and international level as well. Otherwise it will be hell, nay worse, hell without hope.

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doublefly on October 19, 2007 - 12:06am Permalink | Subthread | Parent | Comments top

Are you running for prez? I would vote for you ;)

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oilmanbob on October 19, 2007 - 4:50am Permalink | Subthread | Parent | Comments top

mindlessconsumption:

Gold still isn't back to its 1982 or 1983 high. Thats 20 years plus with no return, while the US dollar has had about 250% inflation.I'd like to suggest that people do

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oilmanbob on October 19, 2007 - 5:18am Permalink | Subthread | Parent | Comments top

mindlessconsumption:

Gold still isn't back to its 1982 or 1983 high. Thats 20 years plus with no return, while the US dollar has had about 250% inflation.I'd like to suggest that people do their own research and use good judgement when making investments.

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96 comments on Boone Pickens: There's No End in Sight for the Rise in Crude Oil Prices

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