Will Oil Hit $105 per barrel as Goldman Sachs said was possible ?

[EVDebs]

Poll question: Will Oil Hit $105 per barrel as Goldman Sachs said was possible ?

[Systematic Chaos]

1. Why not measure it in barrels per ounce of gold instead?

It's a given at this point that a Weimar-style hyperinflation is in our future. Not a matter of if, but simply when. I suppose at some point a $20 million dollar barrel of oil will be feasible....

[saltpoint]

2. Superpowers don't fare as well if no one who lives in them can board

an airplane affordably, or commute to work affordably, and so forth.

Either we must learn to conserve and not waste or oil-producing regions of the world can and likely will use the energy card against us.

I like our line-up of candidates, but the pro-environmental record could loom a lot larger than many believe possible right now. I think the eventual nominee will be decided among those with the most persuasive energy/conservation plan.

Some dismiss "the environment" as "that 70s issue," but with peak oil and tensions in the Middle East so front-and-center, I think it could be the issue that drives the election.

We don't need permanent tax cuts, Mr. Bush. We need global focus on energy conservation and renewable fuels.

[abburdlen]

3. the real question

ought to be when will oil top $100 a barrel.

Near the end of April last year oil was trading about $52 a barrel. By September it peaked at about $70. It certainly isn't out of the question a similar jump this summer.

[Delphinus]

4. Not only Goldman Sachs,

but over on the Peak Oil board it's been discussed that Matthew Simmons said the same thing before Goldman Sachs did.

[cliss]

5. Let's look at the implications of $100.00/barrel.

What will happen to our economy, which is 100% dependent on gasoline as fuel. How will this affect peoples' driving habits?

Most importantly: what price will gas settle at? $3.50/gallon? $4.00? $5.00? I'm talking about the long-term here, not just a few spikes. But if this is the new Peak Oil price, where will it settle?

World instability: what will Bush do about Iran? What will other countries, like China and India do? How will this affect the BIG producers, like Iraq, Venezuela, Saudi Arabia? Will it create more instability? How about Nigeria, which is a powder keg already.

Will the average American make drastic changes?

[puerco-bellies]

6. Oil WILL top 100 to 150 by the end of the year.

Just briefly if we or the Israeli's strike the Iranian nuclear sites, or Iraq implodes in to all out civil war. On 1/20/6 on a response to another's post I predicted that we will see $76 to $85 bbl crude, and gasoline averaging $3.45 to $3.85 across the country by August, and I will be right. Even if we "just" have another bad hurricane season this fall we will touch, or at least get very close to $100 bbl oil. Factor in all three scenarios and kiss it goodnight.

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=2054420

[IndianaGreen]

10. We are assuming that gasoline will be available at the pump

there is a point in time in which oil becomes so scarce, that only those willing to pay for it will get it. For American consumers, gas rationing may become a reality if Bush nukes Iran.

[formercia]

7. Goldman Sachs holds a large portion of the US Debt.

Would they say something that goes against their own interests?

[General Lee]

8. All time high oil prices,

well that should be no surprise when we figure that the bush family, condolezza rice and cheney (aka Beelzebub, Damion, the Anti-Christ and so on) are all from the oil industry and owe every nickel they have to the oil industry. Perhaps we should have a law that gives the American people the right to prosecute (and hang!) any of our elected crooks in DC at anytime who we feel are part of any rip-off.

[MissMarple]

9. Not too long ago, folks thought $50 dollar oil wouldn't happen.

These guys want to make all they can before the realities of global warming cut off the flow.