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$90/ Barrel Oil Just ahead? |
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Superglide Ken 
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SGK Joined: 17/March/2004 Location: Canada Status: Offline Points: 4868 |
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 Posted: 15/October/2004 at 1:26am |
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Hopefully we will be into a "Hydrogen" economy by then. Still is at least 20 years away though.
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Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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Steaminpile
Master Carpet Cleaner 
Joined: 04/February/2004 Location: Canada Status: Offline Points: 1155 |
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Posted: 14/October/2004 at 11:55pm |
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Canada should REALLY start tapping some of their reserves for "future generations" I don't think there will be the oil and gas we use now in the future. |
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Superglide Ken
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SGK Joined: 17/March/2004 Location: Canada Status: Offline Points: 4868 |
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Posted: 14/October/2004 at 9:41pm |
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Well, even if it happens, it is not sustainable beyond the short term. A price that high would shut down alot of demand in the market and bring on the Oil sands development and shale deposits in a very major way.If it does spike up , it will be coming back down by February at the latest when Winter starts winding down. The huricane season has made it almost certain that there will be fuel shortages this winter in the US market. The oil in the salt domes is being tapped right now. Longer term, the demand from China means that from this point forward, the world has changed, and the days of cheap oil are now done.
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Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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Steaminpile
Master Carpet Cleaner
Joined: 04/February/2004 Location: Canada Status: Offline Points: 1155 |
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Posted: 14/October/2004 at 9:24pm |
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I would just raise my prices and be thankful I bought a slide in.
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Superglide Ken
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SGK Joined: 17/March/2004 Location: Canada Status: Offline Points: 4868 |
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Posted: 14/October/2004 at 8:18pm |
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I have been seeing this on my price charts for over a month now, and none of the fundamentals shaping up in the market are saying any different. $90 oil translates in $3/gallon gas in the US and $1.25/litre here in Canada.I expect that we will see this next month IMO.
Might be time to dust off the portables and buy the pad machines before much longer! lol
Edited by Superglide Ken |
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Inventor of the Teflon Wand Glide and the Turboteck Rotary Air Duct Cleaners for TMs.
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