In Reply to: What are your 10 year predictions on oil/cars/society?, Caarma [Profile/Gallery] , Tue, 10 Jun 2008 06:42:19

My thoughts:
Gas prices will top out. Once they went over $3.00 a gallon, the oil companies re-evaluated sources that were too cost prohibitive to extract in the past. Old wells are coming on line again in Texas. Canadians are starting to extract the oil out of their oil sands. New wells are being drilled all across the world. Russian investors are gearing up oil production in Siberia. This will keep stabilize the oil prices once the middle east sees competition. They may even lower their prices like they did during the last oil rush.
Lots of money will also be made exploiting the fears of the consumer. America is obsessed with extremist alarms. Some of what comes out of this will be good: electric cars, energy conservation, research, etc. Some will be bad: Price gouging, inferior goods promising things they can’t provide, and laws that restrict certain products and highly regulate them (feel good laws we’re already starting to see that drive cost up).
So, I hate to admit doing the un-pc thing, but I just bought a gas guzzling hot rod. I lived through the ‘70’s and saw these cars disappear as government regulations killed this kind of vehicle. So, I’m going to be to freakin old to enjoy the hot rod revival in another 30 years. I pick up my new M3 sedan tomorrow and plan on owning it a very, very long time……


posted by 71.211.2...

• What are your 10 year predictions on oil/cars/society?, Caarma , Tue, 10 Jun 2008 06:42:19
  • $2.95, ursaw, Tue, 10 Jun 2008 20:29:02
    • Link fixed! Here it is..., Scott Paterson , Tue, 10 Jun 2008 21:03:12
  • My thoughts, cfishgo, Tue, 10 Jun 2008 20:19:22 <-- Viewing This Message
    • Re: My thoughts, Noel, Wed, 11 Jun 2008 05:17:27
  • Abandoning Suburbs - RANT - Long, Gargoyle, Tue, 10 Jun 2008 14:45:55
    • Re: Abandoning Suburbs - impossible by some gov't, samk, Tue, 10 Jun 2008 16:13:40
  • Great thoughts, some more random ones, Caarma , Tue, 10 Jun 2008 14:22:34
    • Re: Great thoughts, some more random ones, Noel, Tue, 10 Jun 2008 16:16:55
      • I am unwilling to change, CBraxton, Tue, 10 Jun 2008 19:19:41
        • OK, but how do we overcome the politics?, Noel, Wed, 11 Jun 2008 05:22:11
          • Make it expensive not to improve, BrianG, Wed, 11 Jun 2008 11:03:13
            • The EU is looking at instituting an emissions tax, Noel, Wed, 11 Jun 2008 14:05:08
              • Re: The EU is looking at instituting an emissions tax, cfishgo, Thu, 12 Jun 2008 09:42:50
  • 10 years? How about the next 3?, Railhead , Tue, 10 Jun 2008 13:27:01
    • Additional info., Railhead , Wed, 11 Jun 2008 01:28:56
  • A wonderful thread! First thoughts...., Noel, Tue, 10 Jun 2008 13:12:18
    • I tried your steering advice and it worked., JohnA , Wed, 18 Jun 2008 07:40:43
  • A Combination of Things, OKSaabs, Tue, 10 Jun 2008 12:03:48
  • I think we will just adjust..., Paul H., Tue, 10 Jun 2008 09:18:39
    • A shift back to cities, Mike NY, Tue, 10 Jun 2008 10:59:31
    • Re: I think we will just adjust..., Rod , Tue, 10 Jun 2008 09:35:38
      • Re: I think we will just adjust..., oldsaab, Tue, 10 Jun 2008 12:42:42
  • Re: What are your 10 year predictions on oil/cars/socie, rob 94 aero, Tue, 10 Jun 2008 09:11:48
    • Re: What are your 10 year predictions on oil/cars/socie, Brian C, Tue, 10 Jun 2008 11:25:44

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