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04-30-2008, 06:39 AM
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#1 |
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XDTalk 500 Member
Join Date: Jan 2007
Posts: 806
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So....when is the oil market bubble going to pop?
Seems every overpriced, overinflated market pops eventually....
I've been waiting for Oil to pop since around 2000... |
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04-30-2008, 06:57 AM
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#2 |
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XDTalk 10K Member
 
Join Date: Feb 2007
Location: Valley of the GUN
Posts: 10,781
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The only thing that is certain is that those who argue over peak oil production, argue over something that is a 20 year range. It doesn't really matter just when the peak will occur. What is in the ground is being depleted and cost effective methods are only justified by what the consumer can afford. It will eventually become an unprofitable business.
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Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD Goracle Profit Zombies ... It's not their fault. Gore's nutty idea Gore proposed last week that the United States "commit to producing 100 percent of our electricity from renewable energy and truly clean carbon-free sources within 10 years." Not just all new electricity, mind you, which would be challenging enough. But all existing electricity, too. |
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04-30-2008, 06:59 AM
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#3 |
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XDTalk 500 Member
Join Date: Feb 2008
Location: Houston, Texas
Posts: 861
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or it just becomes too damn expensive to conduct business because gas prices are so high. Gas is needed for virtually every major aspect of business
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XD9 Service Black XD9 Subcompact Black w/ Heine NS AR15 16" Midlength |
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04-30-2008, 07:12 PM
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#4 |
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XDTalk 5K Member
 
Join Date: Jul 2006
Location: Phoenix, AZ
Posts: 6,197
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Go park the Super Duty and buy a motorcycle. Less demand = more supply and lower prices. We really do have a measure of control over this, but most folks don't want to give up their big toys. No matter what new domestic resources we tap (assuming we can shove the greenies in the closet long enough to get it done), IMO cheap gas is a thing of the past, and even though I like my V8's, it's time to start adjusting.
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The AK-47: Designed to be field-stripped and used effectively by a half-drunk, half-frozen illiterate conscript who found it buried in Mother Russia's mud after last year's Regiment exercises. SOP: retrieve from ground, pee in action, cycle bolt, go back to work. I cannot and will not recant anything, for to go against conscience is neither right nor safe. Here I stand, I can do no other, so help me God. --Martin Luther Last edited by DanTheEldest : 04-30-2008 at 07:21 PM. |
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05-01-2008, 03:52 AM
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#5 | ||
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XDTalk 3K Member
Join Date: Dec 2005
Location: Wake Forest, NC
Posts: 3,386
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Quote:
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Creo que debo empezar a aprender espaņol Juan McAmnesty si va a ser Presidente. I have cast my vote and my political allegiance: No Confidence '08. Long live America! 
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05-01-2008, 04:49 AM
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#6 | |
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XDTalk Newbie
Join Date: Apr 2008
Location: Warthen,GA
Posts: 12
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Quote:
Don't hold your breath... One start would be to make all energy speculators and oil traders ,actually pay cash on the barrell head for there "purchases" rather than let them fleece the rest of us for almost no risk. they get away with legalized robbery and no one bats an eyelash...reminds me of the Old Chicago Merchantile. Then again...if it crashes they can always look forward to a golden parachute/bail out in the vein of the U.S. government/taxpayer backing the bonds in JP Morgan's buyout of Bear Stearns. How's that for free markets and market driven forces correcting the imbalances all by themselves? |
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05-01-2008, 06:35 AM
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#7 | |
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XDTalk 10K Member
Join Date: Mar 2001
Location: Mid-Missouri
Posts: 12,389
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Quote:
50 miles round trip is killing me.
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~SC Harvey~  2008 Election..."Imbrace your ignorance, and vote your preference". It's quite simple, really... If you vote for Obama, you are a fu*king idiot. If you vote for McCain, you are a fu*king idiot. If your vote is for the lessor of two evils, then you can be comforted knowing that you're less of a fu*king idiot than the other guy! Because Fritz says so! RON PAUL IN 2008 |
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05-01-2008, 07:04 AM
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#8 | |
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XDTalk 10K Member
Join Date: Feb 2007
Location: Valley of the GUN
Posts: 10,781
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Quote:
I bought a motorcycle, after being off them for about 20years, in anticipation of 5 dollar per gallon gas. When it hits that mark, my 80mpg bike will become a primary means of getting around town. It has nothing to do with making an impact on the market, but everything to do with the impact on my expendable income. ETA: Honestly, it was bought as a toy and $5 gas was an excuse 
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Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD Goracle Profit Zombies ... It's not their fault. Gore's nutty idea Gore proposed last week that the United States "commit to producing 100 percent of our electricity from renewable energy and truly clean carbon-free sources within 10 years." Not just all new electricity, mind you, which would be challenging enough. But all existing electricity, too. Last edited by AZXD : 05-01-2008 at 07:13 AM. |
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05-01-2008, 08:59 AM
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#9 | |
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XDTalk 500 Member
Join Date: Feb 2008
Posts: 763
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05-01-2008, 09:50 AM
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#10 |
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XDTalk 5K Member
Join Date: Dec 2004
Location: Houston, TX, USA
Posts: 8,495
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When will it "pop?"
Well, Hillary and Obama plan on taxing the oil company's profits. So...seeing that most oil companies already pay more in taxes than they do their shareholders in dividends and more than that on maintenance and infrastructure to keep their refineries running...I'd say it will all "pop" when gas runs about 10-12 bucks a gallon, due to their meddling and nobody can afford to get to work. LOL - brickboy240 PS: doubt my math on the taxes and profits? Look up Shells profits and taxation for last year...its public record!
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NOBAMA 2008...neo-Marxism is a very poor substitute for pretend conservatism! Es mejor morir a pie que vivir arrodillado Volvo...the Swedish Brick! |
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