reuters.com— World oil prices could easily fall below $50 a barrel and might even slip toward $40 or perhaps $35, but they will recover and could do so fairly quickly, analysts and economists say.
Nov 13, 2008View in Crawl 4
Actually that graph goes from 1890 to 2006, and if it is accurate (which I have no reason not to think so) it is pretty obvious the prices started an unusual climb in about 1997. Wow.
Going to have to agree with piper999 here, house prices are going to drop pretty far from where they even are now. They'll level off, but there's no chance they'll go back to the astronomical highs they are at now. If they start to, then now we know it's a huge warning sign! I'd bet the median price will level off at about 120,000.
"" I remember gas being $.99 a gallon in the summer of 2003""I don't know where you were living, but it wasn't in reality. The national avg for gas in MAY of 2003 was $1.73 per gallon. And there is no way it went DOWN in the summer.
Klinky, we can vastly decrease that amount by using breeder reactors to process the waste.The choices you have, are either using a technology that has a reasonable expectation of containment, or using the cheaper one that you can expect vast pollution with.
Not if we share the technologies with China, India and Indonesia. But then we'll have to generate the electricity somehow but using oil to run a generator is much more efficient than burning it in a zillion vehicles.
Closed AccountNov 14, 2008
You have to be foolish to think that Obama has some sort of lever that controls oil production.
nextekcarlNov 14, 2008
Actually that graph goes from 1890 to 2006, and if it is accurate (which I have no reason not to think so) it is pretty obvious the prices started an unusual climb in about 1997. Wow.
orlandogeekNov 15, 2008
Going to have to agree with piper999 here, house prices are going to drop pretty far from where they even are now. They'll level off, but there's no chance they'll go back to the astronomical highs they are at now. If they start to, then now we know it's a huge warning sign! I'd bet the median price will level off at about 120,000.
flip2tripNov 15, 2008
"" I remember gas being $.99 a gallon in the summer of 2003""I don't know where you were living, but it wasn't in reality. The national avg for gas in MAY of 2003 was $1.73 per gallon. And there is no way it went DOWN in the summer.
flip2tripNov 15, 2008
"About half of Americans are idiots."It's actually about 54%.
zap2Nov 15, 2008
Well duh...but not because the "analysts and economists" says so....thats the same people who claimed it would be 200 a barrel now!
edeboltNov 16, 2008
no we would go from depressed commodity and asset prices to inflated commodity and asset values if the price went back up. Econ 101.
naieveNov 16, 2008
Klinky, we can vastly decrease that amount by using breeder reactors to process the waste.The choices you have, are either using a technology that has a reasonable expectation of containment, or using the cheaper one that you can expect vast pollution with.
professrNov 20, 2008
I did once, and I'm just a redneck college kid who had a cool idea. If I knew I'd lose most of it to taxes anyway, I wouldn't even try.
kd1sNov 27, 2008
Not if we share the technologies with China, India and Indonesia. But then we'll have to generate the electricity somehow but using oil to run a generator is much more efficient than burning it in a zillion vehicles.
rspawnDec 25, 2008
25-12-2008WTI Cushing Spot $32.35