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http://online.barrons.com/article/SB500 ... rticle%3D1After a decline this summer, crude's price is likely to rise sharply by next spring. It will hurt the economy, but it won't be a disaster.
So all this austerity will be for nothingLord Beria3 wrote:http://online.barrons.com/article/SB500 ... rticle%3D1After a decline this summer, crude's price is likely to rise sharply by next spring. It will hurt the economy, but it won't be a disaster.
Those of us who didn't listen to the people who said "don't worry, it'll be fine" made preparations way before then.RGR wrote:For anyone paying attention during the summer of 2008, who actually DID something about it, $150/bbl oil coming back shouldn't be a big deal.
Fascinating, but not really a prep for $150 oil unless you've dug an oilwell in your garden.RGR wrote:Quite true. Once Jimmy Carter told us we would run out of oil by the end of the 80's, I decided a career finding and producing and studying oil might come in handy in such an environment. As preps go, it has worked out pretty well.Catweazle wrote:Those of us who didn't listen to the people who said "don't worry, it'll be fine" made preparations way before then.RGR wrote:For anyone paying attention during the summer of 2008, who actually DID something about it, $150/bbl oil coming back shouldn't be a big deal.
I think he was suggesting that his preparation was financial.Catweazle wrote:Fascinating, but not really a prep for $150 oil unless you've dug an oilwell in your garden.RGR wrote:Quite true. Once Jimmy Carter told us we would run out of oil by the end of the 80's, I decided a career finding and producing and studying oil might come in handy in such an environment. As preps go, it has worked out pretty well.Catweazle wrote: Those of us who didn't listen to the people who said "don't worry, it'll be fine" made preparations way before then.
What preps have you made to reduce your oil dependency ? I believe you sold the Prius and bought a Hummer, that doesn't sound like a sensible prep to me.
Jim Puplava is joined by Chris Nelder this week on Financial Sense Newshour. Chris believes a 2012 energy crisis is likely and that we will see $150 per barrel oil or higher next year.
Chris is an energy analyst, journalist, and investor, and regularly consults and lectures on energy investing and policy. While spending nearly a decade studying energy, Chris has written two books on investing and energy: Profit from the Peak and Investing in Renewable Energy and nearly 800 blog posts. In addition to his careers in energy journalism and software, Chris has worn many other hats, including solar PV system designer
My mistake, what hybrid do you drive now ? How do you rate it ?RGR wrote:Never owned a Prius in my life. But I do have a Hummer, but I certainly didn't trade the hybrid in on it.
RGR wrote:Never said it was a bad thing... just linked a report which thought prices were going higher.Lord Beria3 wrote:LB3, why is the price of oil going higher a bad thing, from your perspective? It seems to me that peakers should be advocating higher crude prices in order to drive change, rather than reporting every return to previous highs as though it is a bad thing?Jim Puplava is joined by Chris Nelder this week on Financial Sense Newshour. Chris believes a 2012 energy crisis is likely and that we will see $150 per barrel oil or higher next year.
Obviously if prices go too high too soon, that the world tips into recession. A orderly rise in oil prices will lead us to seriously develop alternatives, which is what the worlds needs in the long run.