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Oil prices to reach $200???

Discussion in 'Politics & Religion' started by guru-seo, Oct 26, 2007.

  1. it career

    it career Notable Member

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    #21
    Yes stock oils in your farms. You will become rich in a night.
    SEMrush
     
    it career, Oct 30, 2007 IP
    SEMrush
  2. guru-seo

    guru-seo Peon

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    #22
    Getting closer to the $200 mark. Oil reaches $143 a barrel today. WTF!!!
     
    guru-seo, Jun 30, 2008 IP
  3. Jackuul

    Jackuul Well-Known Member

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    #23
    Yay!

    All Hail Big Oil!
     
    Jackuul, Jun 30, 2008 IP
  4. guru-seo

    guru-seo Peon

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    #24
    "Long live king Bush!!! I'm rich biatchhhh!!!"
    -- The Cheney gang and cronies.
     
    guru-seo, Jun 30, 2008 IP
  5. bogart

    bogart Notable Member

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    #25
    You can get a SUV real cheap now. I've heard some dealers aren't even taking them as trade-ins.
     
    bogart, Jun 30, 2008 IP
  6. Cheap SEO Services

    Cheap SEO Services <------DoFollow Backlinks

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    #26
    Price of fuel in Australia is escalating. The poor truckies are feeling it for diesel prices. Many are out of work because they can't afford to fill up.
     
    Cheap SEO Services, Jun 30, 2008 IP
  7. bogart

    bogart Notable Member

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    #27
    bogart, Jun 30, 2008 IP
  8. sachin410

    sachin410 Illustrious Member

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    #28
    Why don't they increase the freight charges and pass on the costs to the customers?
     
    sachin410, Jun 30, 2008 IP
  9. guru-seo

    guru-seo Peon

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    #29
    Brilliant idea!
     
    guru-seo, Jun 30, 2008 IP
    wisdomtool likes this.
  10. Kim-Webgirl

    Kim-Webgirl Peon

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    #30
    The oil price is crazy....we are getting hit with a petrol price increase tonight we are paying over R10 a litre now!!!!
     
    Kim-Webgirl, Jun 30, 2008 IP
  11. xlcho

    xlcho Guest

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    #31
    Funny thing is that even though the oil price is still rising, in my country they lowered the prices a little bit the last two weeks. Hope they'll drop even further :)
     
    xlcho, Jun 30, 2008 IP
  12. gauharjk

    gauharjk Well-Known Member

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    #32
    In my country, Oil Production and Distribution companies have been nationalized, and they are on the brink of bankruptcy. They have a loss-sharing agreement with the government, where the government subsidies fuel, massive subsidies I'd say, and the poor oil companies have to bear the losses.

    These companies don't haVe enough cash in hand to last a month. ANd we all know buying Oil is cash intensive. I hope all this mess if figured out soon, else of Oil distribution companies start going belly up, then its gonna be "CHAOS"
     
    gauharjk, Jul 1, 2008 IP
  13. wisdomtool

    wisdomtool Moderator Staff

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    #33
    My datacenter prices nearly doubled as a result of electricity surcharge, a new item they introduced recently. Everything seemed a nightmare, money is not what it used to be. It buys less and less things.
     
    wisdomtool, Jul 1, 2008 IP
  14. gauharjk

    gauharjk Well-Known Member

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    #34
    Thats bad news :( Inflation is hitting us all. There is extreme Energy Deficiency. Will the days of Cheap Energy come back soon? Coz if the problems are not solved soon, we may lose our way of life. :(
     
    gauharjk, Jul 1, 2008 IP
  15. bogart

    bogart Notable Member

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    #35
    Supplies are tight except for 1 million barrel per day field that will come on line next year in Saudi Arabia. Price could hit $170 by later next year.
     
    bogart, Jul 1, 2008 IP
  16. gauharjk

    gauharjk Well-Known Member

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    #36

    Brazil's state oil company said (November 2007) that it has discovered
    between 5bn and 8bn barrels of recoverable light crude in an ultra-deep field off the coast of Rio de Janeiro, an amount that could help transform the country into a major world oil exporter.

    Then there's another smaller 700 million barrel oil field in Brazil that was found in 2005. It will be online by 2011.

    According to Wkikpedia, Ghawar Oil Field in Saudi Arabia has about 71 Billion barrels of Crude Oil remaining in reserves. It produces around 5 million barrels daily, i.e. 1800 million barrels a year. That makes it (1800/71000) x 100 = 2.5% of total reserves.

    If we assume similar production cap on these new oil fields, then for 8 billion barrels of oil, the production could be 2.5% of 8 billion = 200 million barrels a year, i.e. 5,50,000 barrels of new oil everyday by 2013.

     
    gauharjk, Jul 1, 2008 IP
  17. Cheap SEO Services

    Cheap SEO Services <------DoFollow Backlinks

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    #37
    Yeah...that's another problem...customers turn to cheaper truckies..those truckies run until they run out of money...it's a wicked cycle.
     
    Cheap SEO Services, Jul 1, 2008 IP
  18. wisdomtool

    wisdomtool Moderator Staff

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    #38
    Yeap, it is bad for customers and bad for the truckies. I expect the situation to get worse before it gets better :(

     
    wisdomtool, Jul 1, 2008 IP
  19. Jackuul

    Jackuul Well-Known Member

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    #39
    How long until we run out of oil, considering the ever expanding usage and pumping?
     
    Jackuul, Jul 1, 2008 IP
  20. gauharjk

    gauharjk Well-Known Member

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    #40
    If Peak has really been reached, then even a small decline in production would quadruple the price of oil, coz everyone needs it for the smooth functioning of the country. Its now a gamble. IF we can shift to alternatives quickly enough, the world moves on. If not, then the problem could cripple the planet.
     
    gauharjk, Jul 1, 2008 IP