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THE END OF CHEAP OIL. HOW WILL YOU ADAPT?
Posts
harmonic
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CloseAt the height of the United States' prosperity (1998-1999) Oil almost got as low as 10 dollars a barrel. Now it's above 139 dollars a barrel. Oil got 14 times more expensive.
Yeah be lucky our gas only got 4 times more expensive so far. And guess what, if you make good steady money like most of us old farts at RMN, you probably don't worry too much about spending 50-60 bucks per fill up at the pump. But not only will that get worse as time goes on, EVERYTHING gets more expensive, since everything is so closely tied to oil prices.
-I plan on buying a motorcycle or an extremely gas efficient vehicle when my current vehicle finally craps out. (150k miles and still cherry, I love you Nissan)
-I also plan to try my damnedest to have a short commute to work.
Yeah be lucky our gas only got 4 times more expensive so far. And guess what, if you make good steady money like most of us old farts at RMN, you probably don't worry too much about spending 50-60 bucks per fill up at the pump. But not only will that get worse as time goes on, EVERYTHING gets more expensive, since everything is so closely tied to oil prices.
-I plan on buying a motorcycle or an extremely gas efficient vehicle when my current vehicle finally craps out. (150k miles and still cherry, I love you Nissan)
-I also plan to try my damnedest to have a short commute to work.
Aren't we supposed to be drilling for that oil we found in the Canadian Sand Fields or something like that?
sdm42393
0
Isn't there oil in Alaska? Anyway, when I get my licence I don't plan on driving too much (*sigh, so much for joy-rides) unless I absolutely need to.
Erave
1444
author=sdm42393 link=topic=1281.msg19305#msg19305 date=1212869726
Isn't there oil in Alaska? Anyway, when I get my licence I don't plan on driving too much (*sigh, so much for joy-rides) unless I absolutely need to.
We can't drill in Alaska because Polar Bears are endangered. Too bad there are no Polar Bears in Alaska, but it's good enough excuse right!?
Blitzen
3253
We can still burn whale oil.
EDIT: I decided that I might actually say something more serious.
In the past ten years, its not that oil has become so more rare, or that our worldwide consumption rates have risen outside expected magnitudes. Bearing this in mind, it is not mere market forces of supply and demand at work when it comes to oil prices. Things like the War in Iraq and the tanking of the US economy have more to do with the current price of oil than the actual availability of oil, not to mention the idea that petrochemical companies are experiencing record profits (omg i wonder why). I would say optimistically that we can probably have cheap oil again in the future, but you can thank the higher ups in governments and corperations for the state of affairs as they are now.
There is a lot of crap made from oil and gasoline is just one of them, keeping this in mind when thinking about rising prices.
EDIT: I decided that I might actually say something more serious.
In the past ten years, its not that oil has become so more rare, or that our worldwide consumption rates have risen outside expected magnitudes. Bearing this in mind, it is not mere market forces of supply and demand at work when it comes to oil prices. Things like the War in Iraq and the tanking of the US economy have more to do with the current price of oil than the actual availability of oil, not to mention the idea that petrochemical companies are experiencing record profits (omg i wonder why). I would say optimistically that we can probably have cheap oil again in the future, but you can thank the higher ups in governments and corperations for the state of affairs as they are now.
There is a lot of crap made from oil and gasoline is just one of them, keeping this in mind when thinking about rising prices.
Shadowtext
120
Finding more oil isn't anything more than applying duct tape to a crumbling bridge. It'll keep us going a bit longer, but the system is going to fail at some point in the near future no matter what we do.
We really need to be putting all of our efforts (or at least a great majority of them) into finding something else. If we spent half the money on increasing the efficiency of solar panels that we do on finding more oil, we'd probably have more or less as much free energy as we need (at least until we start using enough energy to need a Dyson Sphere, and the solar panels are a good start on that project anyway).
We're throwing a bit of money behind alternative energy sources, I know, but not enough. And even as much as we are doing, I can just about guarantee you that the oil companies aren't going to allow the infrastructure to support alternative energy sources to develop until they've milked everything they can out of us. They'll buy the patent on every energy-cell-fueling-apparatus and solar-to-DC converter that they can get their hands on and sit on the patent until it suits them.
Like they did with the electric car.
The thing that really concerns me about oil prices going up is plastic. Plastic's made from petroleum, isn't it? Do we have alternative sources for that?
We really need to be putting all of our efforts (or at least a great majority of them) into finding something else. If we spent half the money on increasing the efficiency of solar panels that we do on finding more oil, we'd probably have more or less as much free energy as we need (at least until we start using enough energy to need a Dyson Sphere, and the solar panels are a good start on that project anyway).
We're throwing a bit of money behind alternative energy sources, I know, but not enough. And even as much as we are doing, I can just about guarantee you that the oil companies aren't going to allow the infrastructure to support alternative energy sources to develop until they've milked everything they can out of us. They'll buy the patent on every energy-cell-fueling-apparatus and solar-to-DC converter that they can get their hands on and sit on the patent until it suits them.
Like they did with the electric car.
The thing that really concerns me about oil prices going up is plastic. Plastic's made from petroleum, isn't it? Do we have alternative sources for that?
I don't really drive as it is. I just bike almost everywhere I go. Since I live in an urban set up, its definitely not out of the question. Given the way traffic is nowadays, biking and walking has always been much more favorable to me since not only do I save gas and a gym fee, I usually only spend a little bit more time biking.
I don't really care what the price of gas is, though I think it's the biggest issue on my wife's mind. Funny that, seeing as she doesn't work anyway. It was less than a dollar a gallon when I started driving, but $20, $40, $60 a tank, it's not the end of the world for me.
I live less than a mile from my job, so I routinely bike to work anyways. I plan on buying a Prius or some other sort of hybrid, high mileage car a year or two down the road.
I am hoping to relocate to the northeast in the future (again), and most larger cities there have decent public transportation.
I want a monorail, damn it.
I live less than a mile from my job, so I routinely bike to work anyways. I plan on buying a Prius or some other sort of hybrid, high mileage car a year or two down the road.
I am hoping to relocate to the northeast in the future (again), and most larger cities there have decent public transportation.
I want a monorail, damn it.
Terin
13
I'm actually working at a major oil company right now as a client right now. From what I can tell (I'm actually working on watching production and the like) there is almost no difference between now and 6 years ago between accumulation and production. It seems more and more like OPEC (I believe this is the governing body) is basically doing a supply/demand thing on oil and saying "More demand, we'll charge you more."
There are a lot of cool new techniques to harvest oil too -- I imagine that we'll be able to eventually get plenty of oil cheap again -- just gotta give time for the markets to cool and the like. A coworker of mine was saying that in Venezuela, they have like 200 years worth of oil for current consumption around the world -- just in Venezuela. Add in America's self-sufficient well in the northern set of the states that could fuel America for like 50 years without other... The world is definitely alright for oil consumption.
However, I do agree that we need to find better, alternate methods of fuel. Something renewable. For now, though, it'd be REALLY NICE to have cheap gas again... Thankfully, traveling to said oil company is a big distance compared to my normal office, so I get to invoice ~30 miles per day at $0.50 compensation per mile... I more or less pay my gas off (and lunches) for an entire week via that.
There are a lot of cool new techniques to harvest oil too -- I imagine that we'll be able to eventually get plenty of oil cheap again -- just gotta give time for the markets to cool and the like. A coworker of mine was saying that in Venezuela, they have like 200 years worth of oil for current consumption around the world -- just in Venezuela. Add in America's self-sufficient well in the northern set of the states that could fuel America for like 50 years without other... The world is definitely alright for oil consumption.
However, I do agree that we need to find better, alternate methods of fuel. Something renewable. For now, though, it'd be REALLY NICE to have cheap gas again... Thankfully, traveling to said oil company is a big distance compared to my normal office, so I get to invoice ~30 miles per day at $0.50 compensation per mile... I more or less pay my gas off (and lunches) for an entire week via that.
author=Terin link=topic=1281.msg19333#msg19333 date=1212904298
It seems more and more like OPEC (I believe this is the governing body) is basically doing a supply/demand thing on oil and saying "More demand, we'll charge you more."
I might be inclined to agree with you if not for the fact that we get the vast majority of our oil resources from non-OPEC nations like Mexico and Canada, or if we also didn't have oil reserves of our own outside of OPEC authority, or if American oil corporations like Exxon didn't have skyrocketing profits for the last several years as the price consumer pay at the pump has doubled.
Ody
0
The end of cheap oil
In France I would say that the oil is very expensive and so since a long time. :p
But the Liquid Petrol Gaz (I'm translating from "GPL" in France, I don't know the word in english :o) is still quite cheap. However, there are no GPL pumps everywhere...
demondestiny
889
author=harmonic link=topic=1281.msg19298#msg19298 date=1212863071
At the height of the United States' prosperity (1998-1999) Oil almost got as low as 10 dollars a barrel. Now it's above 139 dollars a barrel. Oil got 14 times more expensive.
I've got my bike. I'll just ride everywhere and use public transport. That's how i'll adapt.
I think a lot of people missed Shadowtext's point: Oil is used for more than gasoline (although it is true that like 60% of our consumption is transportation - that's still 40% for everything else).
Even so, prices on EVERYTHING will go up, because we are super-reliant on cheap transportation. Everything made in China, food, plastics, heating, electricity, beer, etc... will all go up.
To quote a recent Maclean's article:
"It's impossible to understate how crucial cheap oil has become to our way of life. It's shaped how we get our food, what we buy, where we live, how we work, and the way we play. Cheap oil opened up the world to millions of travellers via discount airlines, allowed thousands to buy their first homes in sprawling suburbs, and enabled consumers to get their hands on ever cheaper goods, shipped just in time, from around the globe."
Even so, prices on EVERYTHING will go up, because we are super-reliant on cheap transportation. Everything made in China, food, plastics, heating, electricity, beer, etc... will all go up.
To quote a recent Maclean's article:
"It's impossible to understate how crucial cheap oil has become to our way of life. It's shaped how we get our food, what we buy, where we live, how we work, and the way we play. Cheap oil opened up the world to millions of travellers via discount airlines, allowed thousands to buy their first homes in sprawling suburbs, and enabled consumers to get their hands on ever cheaper goods, shipped just in time, from around the globe."
warmadii
0
say we should all just sccrew the oil and switch to alcohol or vegies or something... hell, unpave the roads and lets go back with carriages and horses. im down. shoot bring back the old west ah hahaha. other then that.
To adapt is simply just changing the way we live.
Which may be a good thing if they made it to where everyone had to ride a bike instead. make our damn country loose some wieght. damn lazy bastages.
just my thought
(cants wait to be a lazy civ. again) ::) ::) ::)
To adapt is simply just changing the way we live.
Which may be a good thing if they made it to where everyone had to ride a bike instead. make our damn country loose some wieght. damn lazy bastages.
just my thought
(cants wait to be a lazy civ. again) ::) ::) ::)
demondestiny
889
author=kentona link=topic=1281.msg19362#msg19362 date=1212936330
Even so, prices on EVERYTHING will go up, because we are super-reliant on cheap transportation. Everything made in China, food, plastics, heating, electricity, beer, etc... will all go up.
Yeah i know. I have already started saving on food and electricity. For the food i have been saving about 50 to 60 bucks a week and for the electricity i have already started as well. They are expected to go up even further.
