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post #1 of 4 Old 05-22-2008, 08:24 AM Thread Starter

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Future Fuel Prices

This is an article that brings a different angle on the future of fuel prices. A warning though.....it is a long read and kind of tedious. Close to the end it also addresses how countries that have been subsidizing their nations fuel are having to raise the prices because they can no longer afford to do it. Nations like China, India, etc.......

Oil's perfect storm may blow over - Telegraph


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post #2 of 4 Old 05-22-2008, 08:33 AM
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It would be better if we could start producing more oil from here instead of Nigeria and Saudi... OR we can use all of their oil and then suck ours out?

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post #3 of 4 Old 05-22-2008, 08:38 AM
What u talkin bout willis

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i really dont care what it takes really i would rather be using us oil but fuel prices are killing the economy

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post #4 of 4 Old 05-22-2008, 08:53 AM
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As prices rise in those developing countries, demand will taper off. It's hard to believe that the poeple in those country's can afford todays prices, they can't. This article actuly sheads some light down the road.

When oil was $20 a bl I didn't see the need to use our own oil, for $20 leave it in the grould. Also at $20 I think alot of our oil isn't economicly feasable to exstract. At $120 it is and that's the time not to import, produce it here and keep the money here. There's at least a 140 year supply in the ground that is knowen, alot of which isn't counted.

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