<DrumBeat: October 18, 2007 The Oil Drum Boone Pickens: There's No End in Sight for the Rise in Crude Oil Prices>

22 comments on Houston ASPO - the Workshop day

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LoveOregon on October 18, 2007 - 8:05pm Permalink | Subthread | Parent | Comments top

Thanks HO for the commentary on yesterdays' sessions. I arrived last night...light rail out to the airport in Portland, OR, then two+ hours to get from the Houston IAH airport via SuperShuttle to my hotel room in downtown for the ASPO conference. A study in contrasts, shall we say.

Today's sessions very stimulating. Just as soon as I get to feeling a bit optimistic about humanity's ability to deal with PO, I look at the data again and get pretty bummed out. We can do this, but where's the tipping point? Nobody seems to know, including Boone Pickens (drumbeat), Tom Whipple, Matt Simmons, etc., etc.

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Perpetual Energy on October 18, 2007 - 10:28pm Permalink | Subthread | Parent | Comments top

The tipping point in the U.S. will be when lines start forming at the gas stations. Our balancing act is just about over and the teeter-totter will smack the ground very soon.

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gernos on October 19, 2007 - 5:30am Permalink | Subthread | Parent | Comments top

Judging by the third quarter OECD inventory trends, it won't be the US where the shortages hit but more likely a european country.

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memmel on October 19, 2007 - 3:37pm Permalink | Subthread | Parent | Comments top

Since Europe exports Gasoline to the US I disagree.
They will stop exports before they suffer internal shortages.
Even in a open market your talking about one buyer on a pipeline and the other needing a tanker.

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CLZ09 on October 19, 2007 - 4:31pm Permalink | Subthread | Parent | Comments top

The gas lines of the 70's were the result of price controls. No one in this administration thinks that price controls are a good idea, hence we will in all probability not have gas lines but rather $7.50 / gallon on the sign out front. That will keep the lines more than adequately short.

The supply will be whatever it will be, the price will simply adjust to keep the good stuff flowing to those willing or capable of paying.

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FuturePundit on October 20, 2007 - 6:31pm Permalink | Subthread | Parent | Comments top

There won't be lines at gas stations. There'll be higher prices.

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22 comments on Houston ASPO - the Workshop day

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