Get Ready for $150 Oil

[Lord Beria3]

After 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.

http://online.barrons.com/article/SB500 ... rticle%3D1

[frank_begbie]

After 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.

http://online.barrons.com/article/SB500 ... rticle%3D1

So all this austerity will be for nothing


Never mind, I'm sure something will turn up

[RGR]

[quote="frank_begbie"]

[Catweazle]

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.

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]

[quote="Catweazle"]

[Catweazle]

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.

Those of us who didn't listen to the people who said "don't worry, it'll be fine" made preparations way before then.

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.

Fascinating, but not really a prep for $150 oil unless you've dug an oilwell in your garden.

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.

[JavaScriptDonkey]

Those of us who didn't listen to the people who said "don't worry, it'll be fine" made preparations way before then.

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.

Fascinating, but not really a prep for $150 oil unless you've dug an oilwell in your garden.

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.

I think he was suggesting that his preparation was financial.

[RGR]

[quote="Catweazle"]

[RGR]

[quote="JavaScriptDonkey"]

[Lord Beria3]

http://www.financialsense.com/financial ... ing-likely

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

[Catweazle]

Never owned a Prius in my life. But I do have a Hummer, but I certainly didn't trade the hybrid in on it.

My mistake, what hybrid do you drive now ? How do you rate it ?

Back to preparations, I don't think it's possible for everyone to move closer to work in a country that is divided into residential and industrial zones.

I've just given up commuting and will soon be working from home, but it's a significant investment / risk and not everyone can do it. It still won't divorce me from the effects of increased delivery charges, food prices, electricity costs etc. etc.

[RGR]

[quote="Lord Beria3"]

[RGR]

[quote="Catweazle"

[Lord Beria3]

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.

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?

Never said it was a bad thing... just linked a report which thought prices were going higher.

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.

[RGR]

[quote="Lord Beria3"]