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Old 05-21-2008, 03:47 PM
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Exclamation 'Squawk Box' Guest Warns of $12-15-a-Gallon Gas

Still can't see where the $12/gal figure comes from, but this doomsayer is in the business:

Quote:
It may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”

Robert Hirsch, Management Information Services Senior Energy Advisor, gave a dire warning about the potential future of gas prices on CNBC’s May 20 “Squawk Box”. He told host Becky Quick there was no single thing that would solve the problem, due to the enormity of the problem.


“[T]he prices that we’re paying at the pump today are, I think, going to be ‘the good old days,’ because others who watch this very closely forecast that we’re going to be hitting $12 and $15 per gallon,” Hirsch said. “And then, after that, when oil – world oil production goes into decline, we’re going to talk about rationing. In other words, not only are we going to be paying high prices and have considerable economic problems, but in addition to that, we’re not going to be able to get the fuel when we want it.”
rest: link

Hmmm...that still seems rather high, but then again oil futures are setting record highs every other day it seems.
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Old 05-22-2008, 11:08 AM
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If you don't set any deadline and assume that we won't get anywhere in replacing oil as a fuel, what he says makes sense.
Eventually we will see $12 a gallon gas if the current pattern continues.

That means we definitely need to start working on a plan to get off oil NOW.
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Old 05-22-2008, 12:13 PM
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All the money that goes to NASA, oil companies, and corporate welfare should be going to find an alternative! If we don't pull our heads out, we are on the verge of a prison planet controlled by the elite. Who do ya think they (the rich) will ration first?
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Old 05-22-2008, 01:03 PM
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All the money that goes to NASA, oil companies, and corporate welfare should be going to find an alternative! If we don't pull our heads out, we are on the verge of a prison planet controlled by the elite. Who do ya think they (the rich) will ration first?
Why not drill first, build nuclear and while doing this fund research for alternatives. Our wait for the alternatives while not doing the prior is why we have the problem we have today.
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Old 05-22-2008, 02:07 PM
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Our wait for the alternatives while not doing the prior is why we have the problem we have today.
How would drilling for more oil prevent the problem? It would only speed up the usage (plus it wouldn't help much without also building more refineries).
And I'm for building some nuclear... but on the other hand, depending on how close they are to something else... why build something that expensive that you're going to be replacing sometime in the near future?

And the problem is that we've just been WAITING for alternatives. We can't wait. We have to put more effort into working on it.
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Old 05-22-2008, 02:29 PM
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Originally Posted by JavaBlack View Post
If you don't set any deadline and assume that we won't get anywhere in replacing oil as a fuel, what he says makes sense.
Eventually we will see $12 a gallon gas if the current pattern continues.

That means we definitely need to start working on a plan to get off oil NOW.
I agree, but I am so disappointed that it didn't start right after the first oil embargo back in the 1970's. It's positively shameful that so many Presidents and Congresses have gone by with so little progress to that end.
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Old 05-22-2008, 03:34 PM
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I agree, but I am so disappointed that it didn't start right after the first oil embargo back in the 1970's.
I agree. The time to act was then. Pity we squandered the moment.
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Old 05-22-2008, 05:08 PM
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I agree. The time to act was then. Pity we squandered the moment.
I agree it's idiotic that we didn't act then, and now we have what we have. How do we get from here to where we want to be?
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Old 05-22-2008, 11:50 PM
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I agree it's idiotic that we didn't act then, and now we have what we have. How do we get from here to where we want to be?
Mas my suggestion is this:

I have my state and federal senators and reps offices on my speed dial. I monitor the way they vote and bark at them on the phone regularly. If more folks did this we would have a government far more responsive to the people!

p.s. To anyone reading this, do you know you congressmen and representatives in both the state and federal houses by name? If you don't, you need to!
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Old 05-27-2008, 06:47 AM
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How would drilling for more oil prevent the problem? It would only speed up the usage (plus it wouldn't help much without also building more refineries).
Exactly, we have plenty of oil! We just do not have the refineries necessary to keep up with demand, at least that is the excuse. The only reason the oil companies want to drill everywhere at the present moment is so they can take advantage of the high price of "oil"! The minute it drops down (very doubtful at this stage of the game) to a more realistic cost level they will be capping wells faster than you can spit and holler howdy.

Higher prices promote the incentive to do more drilling! Lower prices create less of a desire to invest into a product with little/small returns.
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