My Friends: We are at Peak Oil. Price of Gas = Price of Milk (Story on CNN)

[berni_mccoy]

CNN was doing a story on the price of oil at lunch time. One of the U.S. billionaire Oil Investors is now investing in the World's Largest Wind-farm (to be in Texas). The man was speaking and said that the price of oil is high because there is no more oil. Putting pressure on the Saudis to increase production to open the spigot won't work because the spigot is wide-open. Other oil fields world-wide are in decline from the barrels of oil they are able to produce. Expect the price of Oil to continue sky-rocketing.

And as a follow-up to the interview, an analyst on CNN demonstrated that the national average price for gas and for milk is now $3.79 for gas to $3.80 for milk. He said, in the history of the U.S. this has never happened and is a momentous event. He said expect gas to get much more expensive than milk.

Welcome to post-Peak-Oil.

[marmar]

1. Scary but fascinating Peak Oil website:

http://www.lifeaftertheoilcrash.net/Index.html

[DJ13]

2. We are at "peak speculation", not peak oil

[Deja Q]

3. Thank you.

:thumbsup:

[berni_mccoy]

4. While market speculation does impact the price, there is no doubt that the oil fields are at or past

peak. Furthermore, global demand is rising far faster than production. This is *not* speculation.

[marmar]

5. Exactly.....The denial and naivete about Peak Oil is going to be our undoing.....

..... Doubters should watch the films "End of Suburbia" and "Escape from Suburbia"


http://www.endofsuburbia.com/

[DJ13]

7. If you were a major oil producing country, how do you keep prices high?

Restrict supply, and promote the absurd notion that you may be running out.

Welcome to marketing 101.

[tridim]

6. Remember when milk was just over 2 bucks about 5 years ago?

I don't buy this metric, because the price of milk is inherently tied to the rising price of gas and other factors. There are too many variables.

Gas prices are a scam right now.

[KillCapitalism]

8. We have a trifecta going on.

- Increased demand
- Decreasing production from fields (peak oil)
- Rampant Speculation

[Faux pas]

9. Just the other day I was thinking about how gas and milk were

almost the same price and wondered if both products were being stifled production-wise.

With this thread, I'm wondering which lie we're supposed to believe? I thought we were 'out of gas', so to speak, b/c there aren't enough refineries up and running? Peak oil has been a threat for years, but they don't want to tell us about all the oil we are leaving in the ground right here in the old US of A. Here's just one example, there are plenty more.

http://www.americanfreepress.net/html/u_s__has_massive_oil.html