Shell CEO Predicts $5 Gas by the End of 2011

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Comments

  • Jeanwah
    Jeanwah Posts: 6,363
    Best of Times wrote:
    The Gulf is already fucked. we might as well have the oil.
    :roll: :roll: :roll:
  • Best of Times
    Best of Times Posts: 296
    You can't see my eyes rolling b/c I wear shades... 8-)
  • haffajappa
    haffajappa British Columbia Posts: 5,955
    Best of Times wrote:
    You can't see my eyes rolling b/c I wear shades... 8-)
    maybe you should get some prescription shades so you can see the world a little more clearly.
    live pearl jam is best pearl jam
  • Best of Times
    Best of Times Posts: 296
    haffajappa wrote:
    Best of Times wrote:
    You can't see my eyes rolling b/c I wear shades... 8-)
    maybe you should get some prescription shades so you can see the world a little more clearly.


    What do you care weirdo? My opinion is just as valid as yours is. Or maybe I should just stop thinkin and listen to celebrities....
  • haffajappa
    haffajappa British Columbia Posts: 5,955
    Best of Times wrote:
    haffajappa wrote:
    Best of Times wrote:
    You can't see my eyes rolling b/c I wear shades... 8-)
    maybe you should get some prescription shades so you can see the world a little more clearly.


    What do you care weirdo? My opinion is just as valid as yours is. Or maybe I should just stop thinkin and listen to celebrities....
    Sorry, i wasn't aware you had started thinking.
    live pearl jam is best pearl jam
  • Best of Times
    Best of Times Posts: 296
    grow up, Haji.
  • ed243421
    ed243421 Posts: 7,744
    Godfather. wrote:
    economy car prices will jump through the friggin roof, buy now !..me and my bike will be doing a a lot more riding. it really sucks being held captive to the oil companies,don't you think our government (that sucks us $$ dry anyway) should do something about this ?

    Godfather.


    whats up with all the anti U.S talk you post frequently ? you make it sound that the U.S is always the instigator of every conflict we have.
    The whole world will be different soon... - EV
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  • Shawshank
    Shawshank Posts: 1,018
    It will be game over for our economy once gas hits $4.50 much less $5. If you really want to see us in shambles they should increase our currency production until the $ is so devalued that they don't even base the price of oil on the U.S. Dollar. Those will be good times there my friends......good times indeed. :(
  • Best of Times
    Best of Times Posts: 296
    Shawshank wrote:
    It will be game over for our economy once gas hits $4.50 much less $5. If you really want to see us in shambles they should increase our currency production until the $ is so devalued that they don't even base the price of oil on the U.S. Dollar. Those will be good times there my friends......good times indeed. :(


    Unfortunately, that's the reality we're headed for.

    But, these facts have no place on the TRAIN- it will only confuse the "intellectuals". 8-)
  • he still stands
    he still stands Posts: 2,835
    Best of Times wrote:
    Fair enough, but just so you know, ethanol production in US was consistent w/ other leading nations through 2006. When the Democratic Congress took over, ethanol production in US jumped from 6 billion gallons to 11 billon gallons. It wasn't Bush's baby necessarily. Just like Iraq: it couldn't have happened w/out the support of Democrats.

    ummm... nope.... http://en.wikipedia.org/wiki/Ethanol_fu ... by_country

    ethanol WAS supported by pretty much everyone 5 or 6 years ago, so I'll concede that we should (edit; should NOT) just "blame bush" like many people do in regards to many different topics.

    I'm not really interested in pointing fingers at who is to blame on this subject. But, you could even point a finger at the scientists because back then we didn't really understand the net energy gain was so small (or maybe even negative). Corn industry lobbyists might be the one's who really should be kicked in the cunt, though. They're the ones who got the ball rolling on all of this and made sure that millions of dollars were spent on ethanol infrastructure.
    Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
  • Best of Times
    Best of Times Posts: 296
    he still stands wrote:
    Best of Times wrote:
    Fair enough, but just so you know, ethanol production in US was consistent w/ other leading nations through 2006. When the Democratic Congress took over, ethanol production in US jumped from 6 billion gallons to 11 billon gallons. It wasn't Bush's baby necessarily. Just like Iraq: it couldn't have happened w/out the support of Democrats.

    ummm... nope.... http://en.wikipedia.org/wiki/Ethanol_fu ... by_country

    ethanol WAS supported by pretty much everyone 5 or 6 years ago, so I'll concede that we should (edit; should NOT) just "blame bush" like many people do in regards to many different topics.

    I'm not really interested in pointing fingers at who is to blame on this subject. But, you could even point a finger at the scientists because back then we didn't really understand the net energy gain was so small (or maybe even negative). Corn industry lobbyists might be the one's who really should be kicked in the cunt, though. They're the ones who got the ball rolling on all of this and made sure that millions of dollars were spent on ethanol infrastructure.


    I agree, but that link you posted is the same one I got my info from- (where would all of geniuses be w/out wikipedia :D ) US jumped from 6-11 billion gallons in those years. Anyway, I'll reserve my nutkick for the lobbyists as you suggested.

    8-)
  • he still stands
    he still stands Posts: 2,835
    well, yeah they increased production dramatically during those years - that's what I'm talking about. And every year during those years they produced well over 50% of the total ethanol in the world.
    Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
  • Jason P
    Jason P Posts: 19,327
    I know ethanol is an easy target, but as production has increased, so have jobs. More farmland is being utilized then ever and for once the farmers are making some money.

    I think the whole industry would like the federal government to step out of the picture and stop trying to mandate quantities and prices. That is the real problem the industry is facing. Once a free market is established, supply and demand will even things out appropriately.
    Be Excellent To Each Other
    Party On, Dudes!
  • he still stands
    he still stands Posts: 2,835
    ethanol has definitely created jobs, thousands actually, and been great for grain farmers (and equally poor for livestock farmers). I highly doubt those benefits outweigh the higher energy and food costs attributed to 1/3 of the corn crop being used for ethanol.

    If the government stepped out of the picture and didn't subsidize ethanol production, the plants and property would be idle because it wouldn't be profitable. That would be a PR nightmare for the government, since they were responsible for the creation of those plants, so they won't let that happen. But yeah, that's what SHOULD happen.
    Everything not forbidden is compulsory and eveything not compulsory is forbidden. You are free... free to do what the government says you can do.
  • fife
    fife Posts: 3,327
    All i know is that if you guys are paying $5 than us Canadians are going to get screwed.
  • tvismyfriend
    tvismyfriend Posts: 2,118
    fife wrote:
    All i know is that if you guys are paying $5 than us Canadians are going to get screwed.
    Yep. The sad thing is we're already paying close to $5 a gallon and it doesn't seem that bad anymore.
  • MotoDC
    MotoDC Posts: 947
    tvismyfriend wrote:
    fife wrote:
    All i know is that if you guys are paying $5 than us Canadians are going to get screwed.
    Yep. The sad thing is we're already paying close to $5 a gallon and it doesn't seem that bad anymore.
    This is a telling insight, or could be. Are canadians less dependent on gas-powered travel than us 'mericans? In other words, if $5/gal "just feels normal" to canadians now, will the economic impacts of $5 gas in the US be as dire as everyone predicts?
  • fife
    fife Posts: 3,327
    MotoDC wrote:
    tvismyfriend wrote:
    fife wrote:
    All i know is that if you guys are paying $5 than us Canadians are going to get screwed.
    Yep. The sad thing is we're already paying close to $5 a gallon and it doesn't seem that bad anymore.
    This is a telling insight, or could be. Are canadians less dependent on gas-powered travel than us 'mericans? In other words, if $5/gal "just feels normal" to canadians now, will the economic impacts of $5 gas in the US be as dire as everyone predicts?

    i just think it feels normal for us because its always been the case that we will always pay more in gas prices than Americans. I think another reason is that Canadians just accept things where Americans don't.
  • tvismyfriend
    tvismyfriend Posts: 2,118
    MotoDC wrote:
    tvismyfriend wrote:
    fife wrote:
    All i know is that if you guys are paying $5 than us Canadians are going to get screwed.
    Yep. The sad thing is we're already paying close to $5 a gallon and it doesn't seem that bad anymore.
    This is a telling insight, or could be. Are canadians less dependent on gas-powered travel than us 'mericans? In other words, if $5/gal "just feels normal" to canadians now, will the economic impacts of $5 gas in the US be as dire as everyone predicts?
    They've just been slowly raising prices and you really just don't notice it. Hell, I honestly can't remember the last time it was below $4 a gallon. I think that they're just screwing us because down the road about 15kms it's .60 cents cheaper.
  • MotoDC
    MotoDC Posts: 947
    tvismyfriend wrote:
    MotoDC wrote:
    [
    Taxes, maybe? Socialists! winkwink

    I guess what I meant in my last post was that gas is expensive in Canada, but your economy has adjusted to it and it isn't the end of the world. What makes the US economy so different that has people all up in arms about $5 gas? Obviously I don't want to pay $5/gal for the premium shite I have to pump into my SUV, but is it really going to be the end of the world?

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