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Yeah, lots worse unfortunately
Posted by john b (more from john b) on Sun, 6 Mar 2011 22:08:22
In Reply to: And it's gonna get worse., Noel, Sun, 6 Mar 2011 16:52:17
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Yes, and many people don't realize that many of the oil exporting countries have rising internal demand due to subsidies and population growth, so their export rate is dropping. At the same time many of the large oil fields are experiencing a "natural" decline rate on the order of 5-6%/yr that can't be made up by the types of discoveries/technologies that are being made now. What it all means is increasing competition for a diminishing supply. Welcome to Peak Oil. We will bump along for a few years this way with price and global economy oscillating back and forth, then it's really going to get ugly.
Posts in this Thread:
- $4.29 a gallon, No Snaab, Sun, 6 Mar 2011 08:49:57
- $7.90 in Pisa, OKSaabs, Wed, 16 Mar 2011 14:10:34
- $3.549/gallon for 93 octane in Detroit area, MI-Roger , Tue, 8 Mar 2011 16:33:49
- DISTANCE, Saabinhappy, Tue, 8 Mar 2011 12:25:07
- Very valid point, AdamB , Thu, 10 Mar 2011 09:05:45
- The U.S. is set up around the car. Other places,, Noel, Wed, 9 Mar 2011 14:16:30
- we have similar distances here in Australia too..., sab, Tue, 8 Mar 2011 18:34:46
- That's true, Kristjan , Tue, 8 Mar 2011 15:08:16
- Re: DISTANCE, turbocon86, Tue, 8 Mar 2011 13:01:45
- $8.82 current Shell list price for regular in Denmark, AdamB , Tue, 8 Mar 2011 08:59:44
- Re: $3.59 Greenville SC...bringin up the rear, baby!nm, scott k, Mon, 7 Mar 2011 21:32:04
- $4.019 Costco Premium San Diego, Mike Lynch , Mon, 7 Mar 2011 10:27:14
- $3.60 in central VA, nuotatore, Sun, 6 Mar 2011 18:25:32
- Re: $4.29 a gallon - still cheap there, LesH, Sun, 6 Mar 2011 17:40:07
- And it's gonna get worse., Noel, Sun, 6 Mar 2011 16:52:17
- Damn thats cheap! abt US$6.02 here in Oz, sab, Sun, 6 Mar 2011 13:01:11
- Sweden ~$7.76 a gallon, SWEDECAR , Sun, 6 Mar 2011 11:52:15
- Re: $4.29 a gallon, EGD , Sun, 6 Mar 2011 11:11:17
- $4.50 REGULAR in DC..., Craig, Sun, 6 Mar 2011 10:48:13
- Just filled Mobil 91 yesterday. $4.10 locally. n/m, SWEDECAR , Sun, 6 Mar 2011 09:46:16
- $3.79-3.89, Slug , Sun, 6 Mar 2011 09:23:06
- Re: $4.29 a gallon, kkelley, Sun, 6 Mar 2011 09:09:17
- $3.73.., Chris9k , Sun, 6 Mar 2011 08:53:47
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