[johnnyburst79]

Video of CNBC Futures: Crude to reach $225 by 2012

CNBC Article

I saw the futures market on CNBC earlier today where the price for crude will reach $225 per barrel by 2012 and by 2010, just a year and a half away, the price will be $150 per barrel. Reasoning for the increase is that developing nations such as China and India will force prices to go higher as their demand outstrips the US demand for oil.

Gasoline is expected to reach prices of $6 or $7 per gallon by 2012. With families now choosing to either buy food or gasoline with gasoline at $3.60-$3.80, how will the average family afford to travel with the prices almost double. The median family income will reduce the average family to living in poverty as in the end, the average American WILL be paying for all the fuel to bring groceries to the stores and to grow it.

How can the American family, or even, the man or woman living on their own making ~$40K afford to travel on vacation with just their sheer driving expenses doubling? A trip to the beach for me is a 220 mile drive which right now would cost me at least $60, there and back. How can it be expected for a person living by themselves to spend $120 just in gasoline to take a weekend excursion?

How will families afford to heat their homes in winter? Is this what will finally put the internal combustion engine on the shelf as manufacturers find a way to bring transportation to the masses without oil as the basis of energy?

Video: Ethanol drives up the price of everything else

[Rep]

Well, maybe it is time to begin asking ourselves, "when is enough, enough?"

Maybe we will begin redefining travel and vacations. Maybe we will seek alternatives to how we have been doing things. It might be as simple as living closer to where we work.

Right now there are so many attitudinal blocks to implementing change. The energy cartels have worked hard to set them up. Marginalizing anybody that has questioned our need to adapt new strategies is well embedded in our public discussions. And they now hamper us in moving forward to adopt new ways.

[johnnyburst79]

How many people bicycle to work and how many people look down on cyclists? Be honest....

[bassetman]

Originally Posted by johnnyburst79

How many people bicycle to work and how many people look down on cyclists? Be honest....

I know Rep has been doing a lot of biking vs. driving lately!

[iltos]

oh,come on, jb....if we'd just keep minimum wage low, none of this would be happening

[bassetman]

Originally Posted by iltos

oh,come on, jb....if we'd just keep minimum wage low, none of this would be happening

[johnnyburst79]

Originally Posted by iltos

oh,come on, jb....if we'd just keep minimum wage low, none of this would be happening

Are you able to comprehend the difference between minimum wage and a job that pays $40K per year? For a single person living on their own (depending on where of course), that isn't too bad.

Or, can you grasp that there is more to oil pricing and the world than the US and that other nations also have a need for it? What about that old concept of supply and demand, surely that has nothing to do with it.

[bassetman]

Originally Posted by johnnyburst79

Are you able to comprehend the difference between minimum wage and a job that pays $40K per year? For a single person living on their own (depending on where of course), that isn't too bad.

Or, can you grasp that there is more to oil pricing and the world than the US and that other nations also have a need for it? What about that old concept of supply and demand, surely that has nothing to do with it.

I believe you missed his sarcasism!

[iltos]

Originally Posted by bassetman

I believe you missed his sarcasism!

i believe you're right, bman

jb....note the

[Stoner]

I'm going drag racing before it's all used up

[Rep]

Originally Posted by iltos

oh,come on, jb....if we'd just keep minimum wage low, none of this would be happening

Quoting myself from above: "...Marginalizing anybody that has questioned our need to adapt new strategies is well embedded in our public discussions. And they now hamper us in moving forward to adopt new ways."

Humor is one method of marginalizing. If a joke can be made of anybody supporting an issue, you then control that issue. You control it by showing others that the person in support of an issue does not have serious ideas. They are a, "joke" and should be discarded as such.

How wins in that scene? Nobody. Issues no longer get serious debate.

Look what happened to Al Gore and his message on climate change. What happens if he is right? The public thinks its a joke, even as they see their environment hanging and know that something must be done.

Itos...sorry, this popped up and I wanted to use it as an example. I have no intention to poke your eye with it.

[johnnyburst79]

Originally Posted by bassetman

I believe you missed his sarcasism!

Originally Posted by iltos

i believe you're right, bman

jb....note the

Yup, missed the sarcasm as I don't think there is anything humorous about this and it is a serious topic. And, it really isn't my strong suit.

[Stoner]

Originally Posted by Rep

...........................

Look what happened to Al Gore and his message on climate change. What happens if he is right? ...........................

Look to the science and economics of issues like these, not the quackery of political activists.

[iltos]

Originally Posted by Rep

Itos...sorry, this popped up and I wanted to use it as an example. I have no intention to poke your eye with it.

no worries rep....i'd a might a done the same thing myself...have elsewhere in fact.

Originally Posted by johnnyburst79

Yup, missed the sarcasm as I don't think there is anything humorous about this and it is a serious topic. And, it really isn't my strong suit.

i know, jb...it is a very serious topic....but i've been talking about it for years, in one way or another.....and few here want to actually discuss it...it too quickly boils down to partisan politics and the laying of blame

as Rep says (to paraphrase) "we're all in this together".....unless we can grow up and understand that, what will never be prettier is bound to get uglier.

along with ww2, this may be the greatest test of our society's ability to respond to a threatening situation....made more so, perhaps, by the fact there is no "bad guy" we can simply mobilize against

it saddens me that -rich or poor- we are under the thumb of our economic determinants, so enthralled by their power to order our lives that we have subtituted that order for its quality. it's gonna be a tough lesson

hope we figure it out.

[johnnyburst79]

Originally Posted by iltos

i know, jb...it is a very serious topic....but i've been talking about it for years, in one way or another.....and few here want to actually discuss it...it too quickly boils down to partisan politics and the laying of blame

as Rep says (to paraphrase) "we're all in this together".....unless we can grow up and understand that, what will never be prettier is bound to get uglier.

along with ww2, this may be the greatest test of our society's ability to respond to a threatening situation....made more so, perhaps, by the fact there is no "bad guy" we can simply mobilize against

it saddens me that -rich or poor- we are under the thumb of our economic determinants, so enthralled by their power to order our lives that we have subtituted that order for its quality. it's gonna be a tough lesson

hope we figure it out.

There should be no laying of blame. This is no one's fault as oil is the commodity of the earth, not of politics and pricing is driven by those who own the oil companies and seek to get richer and richer. Such is capitalism. I certainly cannot fault anyone for being capitalist. Furthermore, this is an issue which will be affecting the whole world, but due to my limited exposure to solely US markets, I am unsure of how the rising costs will affect other regions of the world.

Could one break it down to politics? Sure, it COULD happen, but that is typical and serves to dumb down the conversation into retaliations instead of allowing us to use our minds to think and resolve this problem both on a personal level and potentially a global one.