Come Christmas, How Much Do You Think A BARREL Of Oil Will Cost?

[arwalden]

Looks like there's no end in sight... and because so many folks use fuel-oil (diesel) to heat their homes, there are going to be many people hurting this winter.

[whistle]

1. $120.00 per barrel is not at all out of the question, so Merry Christmas

[Ms. Clio]

11. Bin Laden believes oil should be selling for at least $100/barrel

He's gonna be so thrilled.

[lonestarnot]

26. My vote also and Merry Christmas.

[Jackpine Radical]

31. I voted for $100. What can I say?

I'm a hopeless optimist.

[Cobalt Violet]

2. Wal-Mart is going to lose it.

Their shoppers will not have any money to shop this year and their cheap Chinese goods will cost them a lot more.


I'm just trying to think of the positives that will come out of high oil prices.

[rateyes]

5. When I was in India...

I loved riding around in those "motorized rickshaws." Wonder if I started a business selling them here, if they would go over?

:think:

[htuttle]

7. This company already is

http://www.bajajusa.com/3-wheelers.htm



$6499, MSRP.

[rateyes]

9. I'd like the pick-up, but in BLUE please...

Wonder if they come equipped with A/C and a CD/mp3 player?

[htuttle]

14. A/C?

You noticed it had no doors, right? That's the A/C. :)

Regarding the CD/mp3 player, the electrical system should be able to support it without a problem. I've had a scooter from the same company for the last few years, and it generates enough 12V power to handle a whole pile of lights (Quadrophenia time!) if I wanted to install them.

I think that if even half the people who could commute in something like this actually did, we'd be able to make petroleum supplies last another few decades. Not to mention that the air would be a lot cleaner and greenhouse emissions would be reduced. Half of US petroleum usage is from transportation. Millions of people going from 30 mpg vehicles to 80-100 mpg vehicles would make a huge difference.

[Incitatus]

16. 80-100 mpg?

Those things?

EDIT- Ok, I found it.

For most riders in the U.S., you can expect 70 to 90 miles per gallon. In Europe and Asia, where fuel is more expensive, the driving styles are more conservative and mileage per gallon is higher.


http://www.bajajusa.com/answer%20to%20fuel%20consumption%20question.htm

[htuttle]

17. Yup

This link mentions 80mpg for the three wheelers:
http://www.extremetoystore.com/scooters/bajaj/3wheelers.htm

I can attest that I have a scooter with nearly the same engine (slightly smaller displacement, but slightly higher horsepower), and I easily get about 108 mpg.

It's a really nice 4 cycle engine design, not just efficient, but the cleanest burning ~150cc out there (my scoot is 145cc, this three wheeler is 175cc). They both have 4-speed manual transmissions to make the most of the small engine (8.5hp and 9hp respectively).

I can't recommend them enough (and I think I've done so no less than twice today...).

on edit:
Okay, I know what you're thinking: "What's this?! I thought the cars of the future would be cool looking!?"

Well, I think the looks grow on you. Think of it as sort of 'Volkswagen Bug-like'. :)

[rateyes]

20. The ad said that they do make them

with wrap-around doors or something to keep out the weather.

[charlie]

18. Those things

are awesome. I used to see similar vehicles in Japan and always wanted one.

[Gormy Cuss]

22. Wow, that would be a three season town car here

Good for every thing except the heavy rains of late winter. I'd like gold color with optional vinyl backdoors please.

[Donailin]

12. everyone ought to learn a trade that was highly valued pre-industrial

revolution. Basically anything ancient will probably come in handy.Blacksmith? Looming? Wood carving?

No, I'm not joking.

[rateyes]

13. Candle-making! eom

[Donailin]

21. I think that requires oil

so we're pretty much screwed there

[htuttle]

24. There were candles (and soap!) LONG before petroleum was widely used

You can make them out of animal fat, ie., 'tallow'.

[pitohui]

28. there is also a widely distributed tallow tree

this nuisance tree, chinese tallow, was introduced into usa by ben franklin & it has spread like wildfire, i can walk out my door & be steps away from several

some call it popcorn tree

this is a renewable source of tallow, in fact, it is darn hard to stop its spread

learning to identify useful plants could be useful

[Donailin]

32. ah! learn something new everyday

jeez, I am unprepared, or what??

[Jackpine Radical]

30. That's nuts.

Not that this won't happen (because it probably will), but that it's something to celebrate. Those MallWart shoppers are real people, typically on the bottom of the economic heap, and to suggest that they deserve even more hardship is wrong. Totally wrong. And I don't give a shit if they DID vote for Bush. Or didn't vote. If you actually knew these people, with their lives of "quiet desperation" and the chronic feelings of desolation they know, perhaps you wouldn't be so eager to see their condition get even worse.

[Cobalt Violet]

36. I live across the street from a Wal-Mart.

Those are not the cars of the working poor that fill their parking lot. I drive by it 4 to 6 times a day.

[ShockediSay]

3. Don't know but I'm asking Santa

for a barrel of unleaded regular this coming Christmas.

[Sgent]

4. It depends on Iran

and how its handled

[NeoGreen]

6. Each Barrel will cost...

The lives of too many American soldiers and Iraqis.

More then we can bear.

[karlrschneider]

8. I'm betting between 70 and 80 but obviously have no crystal ball.

And I'm conflicted on this because most of my income comes from the sale of crude oil. I'm getting more than twice the royalties I did a year ago which isn't something I want to complain about...but the big picture in the situation doesn't make me happy at all. Grr.

[Donailin]

10. It will be at least 100.

Count on it, and then read this:http://www.financialsense.com/transcriptions/Simmons.html

snip>>JIM: Matt, give us a bit of a history, because most people know oil wells don’t last forever, but some of these in Saudi Arabia have been around for 50 years. I like the analogy that you use of the chess board and I wonder if we might start with that analogy, as we get to the Saudi fields.

MATT: Yes. The French Petroleum Institute did a major study a couple of decades ago, about the distribution of oil fields by basin. And what they found was that what seems to happen with phenomenal regularity is that within about 5-7 years of moving into a new area of prospective hydrocarbon, you tend to find the queen first, which is the second largest field you’re going to find; you then calibrate in on the knowledge of how you found that and within a handful of years you find the king; and then over the next decade, you find there too, the next 8-10 lords. And once you’ve found the royal family, the rest of everything you’ll ever find are basically peons in size.

And if you then say, “how did that work in Saudi Arabia?” In 1940 they basically found Abqaiq which was the best, in reservoir quality and quality of oil, field they’ve ever found, and Abqaiq peaked at about 1.2 million bpd in 1972. And then they had a hiatus during World War II when they really weren’t exploring. So had they not had a hiatus, they would probably have fast-forwarded this 4 years. In 1948 they discovered Ghawar which is the world’s largest oil field. In 1951, Ghawar came on production. In 1951 they discovered Safaniya which is basically the largest offshore oil field ever, and in terms of output was bigger than Abqaiq, but basically 40% of Ghawar. And then over the course of the next 15 years they found the rest of the royal family. And from 1967-2005 they’ve actually found an accumulation of little deposits they’ve never produced, even though they were always worried about too little diversification of supply. But for some reason or other they just couldn’t produce these fields. Now they’re going back and trying to rehabilitate a bunch of fields that were crummy fields in the 60s and 70s, that couldn’t ever sustain much production, and they’re claiming these fields can easily get up to 500,000 bpd and last 30-50 years. There is no technical support that that can be possible. You can’t say it’s impossible, but the fact that these fields couldn’t produce in the 70s gives rise to real caution that basically they’re deluding themselves that through the use of modern oil field technology they will be able to do something no one in the world has been able to do. <22:42><<

[charlie]

15. Dunno

If it shoots up fast enough to cause people worldwide to get miserly with the stuff because they really can't afford it, there might actually be an oil glut by then, with prices tumbling.

[sintax]

19. A lot more n/t

[Mari333]

23. with the way things are going I wont be doing Christmas this year

[tigersumtin]

27. Hell the way things are

going, I won't be able to afford to go to work. I spend $11.00 a day to get to an from work. whew!!!!! Just to work. tack on another $3.00 to stop by the waterin hole. I need to grow a garden so I don't have to stop by the grocery store.

[Mari333]

29. I quit my 35 mile to work job last week

to work closer to home, at less pay..I was spending so much on gas it didnt make the trip worth it..down to the bare minumum here, live on 3 dollars a day .

[pitohui]

25. i'll take the low

i think the price is too high as it is based on production & reserves, i believe current prices are artificially high based on hysteria

so i'll say $50

notice i'm not actually getting my money out and shorting oil futures tho, my record in that area has been spotty at best

nor do i advise anyone else to dabble in oil speculation

but if you held gun to head & told me to pick a #, i'd definitely go w. the low

don't think it's impossible we'll see $40 again

[puerco-bellies]

33. $71.00 to $75.00bbl just B-4 Labor Day Then prices will drop to $58-$60

Till beginning of October. By years end $75.00 to $79.00. When the price of Light Sweet Crude first hits $70.00 there will be a psychological shift with the sentiment that oil is finally overbought. Prices will implode downward over $10.00bbl but by the end of the year it should make new highs.

At least that is where I'm am planning on placing my clients money.

[Spock_is_Skeptical]

34. at least 80$ by x-mas

[Jamison]

35. I voted $100

Call me crazy but I have a feeling it'll happen.