$98 per barrel oil

kontiki wrote in news:ZgpYi.20300$ya1.9138
@news02.roc.ny:

Jay Honeck wrote:
Well, boys and girls, here it comes. $4/gallon gas in America. This
will translate into $7/gallon avgas soon enough.



If the price of corn went to $10 an ear would people sit around
and bitch about their loss of purchasing power or would they
plant some corn in their yard and increase their net worth?

The United States has huge reserves of crude oil. As long as
we sit around with out thumb up our butt complaining and
and worshiping Owl Gore we will enjoy a continued lower US Dollar,
less purchasing power and make other countries rich.

An example of Stupidity.

in actual fact, by just about every index going your purchasing power is
vastly greater than at any period in the past.


Bertie

Bertie the Bunyip wrote:

in actual fact, by just about every index going your purchasing power is
vastly greater than at any period in the past.



Give some examples of how my purchasing power is increased as the
value of the dollar decreases? Remember its a global economy.

kontiki wrote in
:

Bertie the Bunyip wrote:

in actual fact, by just about every index going your purchasing power
is vastly greater than at any period in the past.



Give some examples of how my purchasing power is increased as the
value of the dollar decreases? Remember its a global economy.


Well, let's see, people make more money and stuff costs less.



'splain it for you?


Bertie

Wolfgang Schwanke wrote in
:

Bertie the Bunyip wrote in
news:Xns99E1D62D7DDFA****upropeeh@
207.14.116.130:

kontiki wrote in
:

Bertie the Bunyip wrote:

in actual fact, by just about every index going your purchasing
power
is vastly greater than at any period in the past.



Give some examples of how my purchasing power is increased as the
value of the dollar decreases? Remember its a global economy.


Well, let's see, people make more money and stuff costs less.

If the dollar goes down, a lot of stuff costs more for them (merkins).
Imported stuff, domestic stuff which uses imported parts, and travel
abroad (which is also sorta "import" from the POV of the tourist's
country - you buy foreign services with your domestic money, except
you
consume them on location instead of having them delivered).

OTOH it's good for their exporters, because their prices appear to go
down for foreign customers.

From the EUR POV it's the reverse.

True.

That has little to do with the standard of living in the long term,
though.

and that was the point you snipped from the beginning of the discussion,
decinding instead to focus on the spurious fallacy of temporal exchange
fluctuations instead.


Bertie

Back on topic, the future of the USA is coal as the main source of
energy... WIth some 200 years supply on hand, once oil hits some
magic figure, say $300/bbl, those who's main concern is global
warming, pollution and environmental protection will find themselves
shouted down in the halls of congress by the majority (it is a
representational democracy after all) who want warm houses and their
porn movies at an affordable price...
Cars will become electric for town with 300 miles being the norm for
range
(attainable right now in very small/light vehicles, much as 300 is
the normal range for my 4X4 truck)
and only use big vehicles burning expensive hydrocarbon fuels for the
vacation and special events - with these big cars being rented or time
share owned -
We will begin small steps back into light electric rail in the heavily
populated urban corridors sorrounding the big cities...
It is good we have the highway system as we let the railroad right of
ways get away... The rail systems will begin using the turn pike
centers as the new rail system... And it is efficient because the
turnpikes now go where we want to go, whereas the old rail right of
ways no longer go where the population wants...
House will begin shrinking after the bloat of the past 30 years...
And on....


A few years back, roughly 3, I said in these forums that oil would be
$100 within 5 years and I was snickered at... I now admit I was
wrong .... it is sooner...

denny

Denny wrote in news:1194553620.452564.220860
@i13g2000prf.googlegroups.com:

Back on topic, the future of the USA is coal as the main source of
energy... WIth some 200 years supply on hand, once oil hits some
magic figure, say $300/bbl, those who's main concern is global
warming, pollution and environmental protection will find themselves
shouted down in the halls of congress by the majority

Yep, that is what will happen.

(it is a
representational democracy after all)

No, it isn't.


who want warm houses and their
porn movies at an affordable price...
Cars will become electric for town with 300 miles being the norm for
range
(attainable right now in very small/light vehicles, much as 300 is
the normal range for my 4X4 truck)
and only use big vehicles burning expensive hydrocarbon fuels for the
vacation and special events - with these big cars being rented or time
share owned -
We will begin small steps back into light electric rail in the heavily
populated urban corridors sorrounding the big cities...
It is good we have the highway system as we let the railroad right of
ways get away... The rail systems will begin using the turn pike
centers as the new rail system... And it is efficient because the
turnpikes now go where we want to go, whereas the old rail right of
ways no longer go where the population wants...
House will begin shrinking after the bloat of the past 30 years...
And on....


A few years back, roughly 3, I said in these forums that oil would be
$100 within 5 years and I was snickered at... I now admit I was
wrong .... it is sooner...

Me, I'm backing lukewarm fusion.


Bertie

Denny wrote:

A few years back, roughly 3, I said in these forums that oil would be
$100 within 5 years and I was snickered at... I now admit I was
wrong .... it is sooner...


Good call. I hope you put your money where your mouth was. I was
thinking along the same lines in '03 and invested in oil. I don't plan on
getting out anytime soon. About the only thing that will slow overall
consumption (particularly in the asia/pacific region) will be a global
recession.

John Galban=====N4BQ (PA28-180)

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