What would you do when your told Oil and Gas isn't available?, page 2
Pages: <<  1    2  >>
ATS Members have flagged this thread 0 times


reply posted on 15-9-2005 @ 12:45 AM by Thatoneguy
Last winter it, in my area, it got as low as 8 degrees F. (better than a lot of places)

I had no heater

Boy that sucked lol

So I strapped up in jackets, electric blankets, and pretty much slept that way until I went to work. Luckily pipes didnt freeze, except for once.

Most of the time it stayed around 40 degrees in the house, but im better prepared for this winter.

If I were told Oil and Gas weren't available then I would sit at home and stare at the walls thinking really hard. I know the day is coming eventually. I'm not prepared for it but atleast I have the knowledge beforehand and wont be as schocked as most people.

Our best hope is that this happens slowly and allows us to adapt. If there was any good news to come out of the latest price spikes it could have been awareness on how vulnerable we are but all I seemed to detect were people shouting "price gouging!!".

Oil got down to some pretty low numbers recently. Down in the $63 range. It was $66-$68 pre-Katrina... But a report came out showing lower inventories and it shot back up over $65.

Matthew Simmons is almost certain this winter will be one to remember due to oil prices. He has an interesting interview here.

edge.channel4.com...

In a recent radio interview he said that this winter demand could easily outstrip supply by 2 to 4 mpd and could send prices 5 to 10 times higher. I'm no expert but I dont think we will see that happening this winter. I predict the $90-$100 range.

Check out the latest, just got from theoildrum.com


Oil may average $84 a barrel next year, $93 in 2007, and $100 in the fourth quarter of 2007, as demand outpaces supply, Canadian Imperial Bank of Commerce's chief economist said, jumping ahead of other analysts who are trying to catch up with surging prices.


www.bloomberg.com...
Pages: <<  1    2  >>    ^^TOP^^