For REGULAR gas?? Are you fo' real? Goddamn, I'm gonna need to take out a loan to buy gas.

Bad news is, it's not gonna get better. Worldwide production is actually decreasing (wells drying up, becoming too expensive to pump) while demand is increasing.
Read www.lifeaftertheoilcrash.net
Warning: it'll scare you shitless.

we still have the cheapest gas in the world, basically.

And the highest per-capita demand. When stuff gets ugly, it'll get REAL ugly in a hurry.

[img][444:500]http://www.nataliedee.com/040605/america-is-awesome.jpg[/img]

Sometimes I pee in the gas tank when I run out of money for gas. It doesn't do anything, but it's fun.

Note: this is the kind of post you make when you're operating on 3 hours of sleep. Good night people.

Woooooowww. No kidding.

Looks like I'd better stock up on bike parts (especially the oil-based ones).

Thanks for that dose of reality.

Yeah, Lemur posted this on CMJ, and putting Bush's foreign policy in this framework makes a LOT more sense to me.

I talked to someone in the industry about "peak oil", and his main point was a lot of the supporting evidence being used by industry experts gave target dates assuming current (at the time) technology and known sources. Newer technology in drilling and refining can stretch the crude gallons futher. Will we run out of affordable oil? Yes. Will we run out of affordable oil before the energy industry can convert to alternative sources? This website says absolutely, while my industry buds are pretty optimistic we can make the switch.

All that said, UK petrol is going at about $5.75 after exchange rates and taxes, so quit your bitchin'.

I was reading something last week about the Oil Crash in 1980. Adjusted for inflation the price then at a high of $1.35, would be $3.20 in today's dollars. So I wouldn't be surprised at all to see the prices go up much farther.

We as American consumers seem not to be concerned as a group about gas prices. Where I work, the parking lot is filled with big sport-utes, Hummers, and the like. The few people out there who are driving, and loving, their hybrids, aren't making a dent. Until that changes for the masses, I doubt we will see prices fall much. Pretty sad really.

{shrug}I hate paying for high gas prices, yet I still lust for a gas guzzling 60's muscle car to drive around in summer. {/shrug}

i ride my bike to work half because it's fun and half because i'm scared to go to the gas station.

News just reported that some SoCal gas stations have posted $2.95 / gallon for regular. Fucking crazy.

I love my hybrid more and more every day.

I tend to think like this. I am not usually an optimist, I just think there's nothing we can't handle. That said, I think my half-baked idea that Bush et al don't care because they don't believe oil will run out because they don't believe in fossils, they believe in GAWD has some merit. Or, they feel we are in the endtimes, so who cares?

I care, jocko, the world ain't ending and $2.20 in Aladambama is ludicrous.

I pay 86 cents a litre (works out to about $3.25 a gallon) and Calgary has the cheapest gas in Canada. It really sucks because I drive for a living.

When I worked in a brewery in Germany in 98, I paid the same amount for a liter as we did here for a gallon, so that's 3.8 times the price. At today's WI gas prices ($2.29) that's $8.70 a gallon. Buuuuut, they also have killer public transportation, and enough common sense not to sprawl. So it's optional to drive there for most folks, whereas here it isn't.

This is indeed gonna hurt.

looks like we picked a good year to do a 500 mile road trip in canada.

don't we drill the shit out of alaska for a reason?

i think gas should be expensive, but in the taxed sense. not the "hey Getty, rich enough?" way.

Hold onto your hats, kids.

<--- technically a resource economist, though not a certified prognosticator

i paid 32 bucks for my fill where I used to pay like 24. 8 bucks a week is no big deal - where this shit hurts is in how it drives up the cost of all the consumer goods, especially groceries it seems.

so basically, we shouldn't be surprised to see $3.20 before bush's term is up?

only work 10 miles from home & yet a full tank costs nearly $20 every 2 weeks. awful. i'd take the bus (like i used to) but the routes around this town don't work out for me. (good news is, bus tickets would cost $46 for a month. so i saved a little, but eventually not when accounting for car maintenance and the eventual continual gas price rise.)

[EDIT: gas prices went down around me yesterday by 2 cents to 2.1599]

i need to change my lifestyle, because seriously, i won't be able to afford to drive up to la anymore. goddamnit.

100 years ago, locomotive power was generated almost exclusively through coal-fired external combustion. Buildings were heated mostly by coal-fired boilers. Homes were heated mostly by coal in the cities, and wood and coal in the countryside. 150 years ago, powered lights were generated by burning gas.

Within the last 100 years, we've moved away from coal to predominantly petroleum based fuels. Within the next 100 years, we'll've moved on to something else. We already generate electricity via nuclear power, and hybrid-electrics have hit the motorways.

These "After the oil crash" scenarios amount to nothing more than scare-mongering, much like the nuclear winter crap from the '80's.

I'll be flooring it extra loud and hard on the way home tonight. Faster 'n louder, baby.

That article scared me shitlless. Once Law School Starts itsmarta and my bike. I actually hope gas prices continue to go up. Hopefully this help inprove public transportation.

Bluejayway you didn't help my insecurities about the situation. I did get one undergrad degree in econ (like that means much of fucking anything) and the guys article made sense in places.

There's more there than we think, for sure. Extrapolations based on current reserves probably undercount. But consumption is large relative to a fixed (if not known with certainty) stock. Switching from coal to oil was like for like in a lot of ways. We may pull out 'and now for something completely different.' but given the costs to doing that we'll need mega price pressure before that happens.

You think they were making up that nuclear winter stuff? Not my field, but is there evidence that that wouldn't happen in a MAD-strike scenario? That was a good thing to be scared of, best as I can tell.