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OneWayTraffic
Joined: 14 Mar 2005
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 Posted: Wed Jul 02, 2008 11:42 pm Post subject: |
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| Manner of Speaking wrote: |
And now for an example of stupid journalism, or a stupid journalist. This guy just doesn't get it:
http://news.yahoo.com/s/ap/20080629/ap_on_re_mi_ea/saudi_giant_oil_field
Bringing another proven reserve on-line is only a short-term solution to a big, long-term problem. But it's comforting to those who just don't want to face facts. |
In fairness he's simply reporting, not giving his opinion. Now in an editorial it would be different.
The US uses more petrol than the next 20 biggest nations put together. It really annoys me when they talk about demand from India and China as if that was the problem.
1.5 million barrels a day won't see prices fall much. Demand is strong and not going downwards without recession. We will see strong oil prices at levels from $70-$300+ over the next few years until there's some serious answers or at least a sign that we will have the answers. |
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tefain
Joined: 19 Sep 2007
Location: Not too far out there
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| Posted: Tue Jul 08, 2008 7:57 am Post subject: US Gas Prices May Rise to $7/gallon: CIBC |
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I think it would have to go that high for Americans to really change how they live. They complain plenty, look for smaller cars, and even avoid some road trips. BUT they still are reliant on their cars to get them anywhere. Mass transit is wonderful, but isn't available in most places outside cities or surburbs. I've heard they don't even do much carpooling. A couple will drive separtate cars even if they work a short distance from one another. Not sure how high it will get, but it's still a ways from really changing the society.
To be continued... |
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Pluto
Joined: 19 Dec 2006
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| Posted: Tue Jul 08, 2008 8:12 am Post subject: Re: US Gas Prices May Rise to $7/gallon: CIBC |
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| tefain wrote: |
I think it would have to go that high for Americans to really change how they live. They complain plenty, look for smaller cars, and even avoid some road trips. BUT they still are reliant on their cars to get them anywhere. Mass transit is wonderful, but isn't available in most places outside cities or surburbs. I've heard they don't even do much carpooling. A couple will drive separtate cars even if they work a short distance from one another. Not sure how high it will get, but it's still a ways from really changing the society.
To be continued... |
Changes have been occurring throughout the economy. Many homeowners are moving closer to their places of work. These changes take time as people just can't get up and move houses over night. People will move closer to each other, people will take the train, population centers will start becoming more dense as is happening at this instant but it would take many years for such an economic shift to be realized. |
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