[DMCForum] Peak Oil

["Joe OBrien" <joeyoseppijoe@xxxxxxxxx>]

Might as well drive while we still can. We're reaching the top of 
the hill, soon we will be on the downside of the oil charts. Where 
our consumption far exceeds our ability to refine, and supply is 
dwindling. Then things will start to REALLY get scary. Sometimes I 
wished I lived 50 years ago so I wouldn't have to see this coming in 
my lifetime. 


Joe




--- In DMCForum@xxxxxxxxxxxxxxx, Marc Levy <malevy_nj@xxxx> wrote:
> Sometime in the past week during the political
> discussion, someone asked What happened to the drop in
> gasoline prices before the election that I had
> predicted earlier in the year..
> 
> I had some time today to check in to it.
> 
> 
> This past summer, when gas prices exceeded $2.00 a
> gallon in most places (Here in NJ it just hit $2.00
> before it started to go back down) the cost of crude
> oil PEAKED at 38.50 a barrel.  In June the price
> dropped back down to the $34 range.  Soon after, the
> price at the pump started to slowly decrease.
> 
> Gasoline here in New Jersey has slowly been creeping
> back up.  Regular is about $1.92 here.  So, give or
> take a few pennies it is back up to the same price it
> was in late May/Early June at the last peek..  But
> today, crude oil is about $52 a barrel.
> 
> If we compare gasoline prices VS crude oil prices, I
> would say we are getting a HUGE discount at the pump
> right now.....  How long after the election will the
> price at the pump go up??  No matter who wins (or is
> appointed).
> 
> 
> 
> 
> 
> 
> 
> 
>             
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