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Dismissive of Peak Oil

Alan "reasonably dangerous" Berman


Dismissive of Peak Oil

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I've come to the conclusion that people love to complain about the price of gasoline.  I spose if I drove more often, I too would complain about the price of gas.  (I'm thankful I don't shell out $100 a week for gas, which I would be, if I were to drive to/from work every day in a vehicle of my own.)

I see a very obvious reason why the price of gas is going up, but whenever I mention it to my gas consuming friends, they dismiss it as crazy paranoid theories.  That reason being the imminent threat of Peak Oil.  I don't mean to say that when the price of gas fluctuates a couple cents up and down over a weekend that Peak Oil is the cause... that's more likely due to smaller market factors.  I mean overall.  The price of a gallon of gas is $3.50+ out here in CA.  I fully expect it to hit $4 by the end of the year.  It's slowly inching higher, and it's not going to go back down.

Lamenting over back-in-the-day when gas was $1.50 or $2 or whatever... it's never gonna be that way again.  Oil companies aren't stupid... they've now proven they can get $100 for a barrel of oil and we'll still pay it.  They also know that their product is gonna run out -- and soon.  Why is it so unimaginable that the reason gas prices are so high is because they're trying to get as much money as they can before their production runs dry?  Imagine what the price of gas will be when we're on the downward slope and oil production starts dropping?  As it is current models predict that point is within the next 5 years.  Any industry as huge and powerful as Oil thinks way beyond a mere 5 years. They see their demise on the horizon and they're provisioning for later.

There's very little we as consumers can do about the rising prices, as long as capitalism still rules supreme... so do what you can: use as little gas as possible.

If anything, I see this spike in oil prices as somewhat of a good thing, as necessity is the mother of invention.  There's more research in alternative energy going on now than ever. More energy being put into alternate modes of transportation, redesigning mass transit, etc.

But then again, I don't buy gas very often.

  • just to note..

    The particularly high price of gas in Cali is also partly a function of the tighter environmental regulation in that state, some of which tries to counter the externalities produced from gas consumption and production. So it's not just the oil companies hiking prices, and I don't think it should be. It's just not politically feasible for anybody to say, 'let's raise gas taxes!' and then expect to get re-elected right away -in most states.
  • In a funny twist of irony, with this post, I think you've officially talked about gasoline more than anybody else I've listened to in quite some time.
  • In spite of having one of the most fuel-efficient non-hybrids I could get my hands on, I still find myself turning down hockey opportunities from time to time, based solely on the gas I'll need to expend to get to them.

    I'm just lucky I can get by on about one tank a week, if I put a little effort into it.
  • I am also one of those rare people who doesn't complain about (or even notice) rising gas prices much. I believe it's largely due to the fact that Dave and I have worked for the past couple years to reduce our driving as much as possible. Unless we're taking weekend trips to far off places (ie, travelling) we only use about a tank a month.
    Granted, it was tough at first, but I was surprised by how fast and easy it became to arrange our lives so that we could bike or walk nearly everywhere. Now all we need it the public transportation to improve a little so it actually makes sense to take the train up to the city and we'll be nearly independent of car.

    I do worry about how rising gas prices will affect things like prices of food and other such things that need to be shipped around in gas guzzling vehicles.
  • Look I learnt how to make a line!

    Are you proud?
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