what if petrol hits 2 dollars, page-7

mickqld

you will find oil/gas will go up as much as it likes.

if you look at the 4 main resurves, and the amount we consume per day 85mil bbl a day thats 20 years.

problem is, consuption will go up, flow rates coming out will drop

we are running out of energy, and this is why the price can and will go up and through the roof and keep going.

you talk about hybrid vehicals, sure lets say all cars are electric.

think about it, in summer the power grid is killed by everyones air cons.. whats going to happen when every body is charging their car up every night!

you car at the moment might be 140kw, a aircon use's 6kw so what sort of power will we be draining to charge and electric car.

this mean coal is no good for fule, we will need to triple or more the power station and what wil lthat do with polution.

so we can go gas (up goes gas prices) or we can go nuclear and nuclear energy prices goes through the roof (buy nuke stocks)

Our energy is going to get quite expesnive.. General motors agree we have hit peak oil as well.

When the US was supplying their own oil they were pumping 20mil bbl a day.. now they can only get 5mmbl and are importing 15

oil is running out.. also. no petrol company has built new oil refinarys for a long time. because they also know the supply of oil per day is not going to go up so wont need them.

fule costs will go up.. and the other problem is everything you see right now in yoru house is thanks to oil.. you need huge amounts of oil to mine, the tiles on yoru floor are mined, and transported to your door with oil.. the wood in your house is logged using lots of oil, and transported and processed with lots of energy products.

energy wise, we are now going into decline ... the demand is going through the roof.. energy prices will go up.

people will have to start riding a bike to work, or live near work.. or pay $5 a liter to go to work

Think about that also, 100 year ago people lived within 1km from work, now people are traveling up to 100km a day in the same time.. that transport is very cheap still..

lot of room for it to go up.. the worl is going to get quite nasty moving forward.. thats why i am buying oil/gas juiour stocks now like BUR