Comments on The US Budget Deficit - And the Price of Oil

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Any Rising Market...

...wil occasionally dip.

Don't bet your hocked-up SUV that it won't, bub!

D

posted by DamonLeigh on November 15, 2004 at 9:16 PM | link to this | reply

My, my

How we worry and project. I have a flash for both of you~~~Oil prices are down! The Fed has not raised to the points you projected and the market is up! Some of you are so sure you have it all figured out. You are sure the Christians are fooled into doing any rash thing in the world. That we haven't a clue. Don't bet that debt-free farm house on it.
 

posted by Justi on November 6, 2004 at 1:57 AM | link to this | reply

You're Absolutely...

...right. Oil production either has peaked already, or will in the next couple of years. As I've written before, the danger is not that oil will run out. The (very real) danger is that the easy-to-get (and therefore cheap to extract) oil will run out. And that will happen in my lifetime.

Know how many significant oil finds have been made in the last three years? None. We know where it all is now. We know fairly accurately how much is there. And we know that, as China and India keep pushing towards Western standards of living, the Age of Oil is going to come to an end and, without significant investment NOW in viable alternatives we are, as the Bard said, truly fucked.

Thanks for reading.

D

posted by DamonLeigh on September 11, 2004 at 7:04 AM | link to this | reply

Which is, of course, the reason Cheney

fights harder to defend his "secret energy panel"  than he does for the security of our ports and highways.

posted by sarwood on September 11, 2004 at 6:50 AM | link to this | reply

Future of oil consumption

It's estimated that China could have nearly 30 million automobiles by 2010.  We have in the U.S. only 3 percent of the world' oil resources.  We cannot drill our way out of the reality of an oil shortage and an oil resource confrontation with China -- coming sooner than you may realize.  We desperately need a president who is not tied to the oil industry and can think "outside the box."  (Bush/Cheney/Rice are all oil executives and Bush's largest contributers are oil companies (ExxonMobil)....    

posted by sarwood on September 11, 2004 at 6:49 AM | link to this | reply