peak oil is gunna get u!

[MrAngryFace]

http://articles.moneycentral.msn.com/Investing/JubaksJournal/TheOilSqueezeHasJustBegun.aspx

Let me explain what is leading to the squeeze that will be so painful over the next five years, and then I'll give you my pick for the oil stock that's best positioned for this scenario.

This big squeeze is coming from both the demand and supply ends of the oil market.

Higher oil prices so far have not led to lower consumption. That's what's supposed to happen, right? As oil and gasoline get more expensive, people should use less, economic theory says. But not this time.

Time to buy that hybrid OMG

[Mupepe]

I thought it was already known, demand for fuel has very low elasticity.

[CajoleJuice]

I thought it was already known, demand for fuel has very low elasticity.

Yea, really. I learned this in like 11th grade economics.

[Saint Cornelius]

This war for oil sucks.

[Flannel Boy]

have they made cars that run on rainbows yet?

[MrAngryFace]

Im waiting for cars that run on PURE RAGE

[FlameOfCallandor]

This war for oil sucks.

How is it a war for oil? Oil went up in price not down.

[Mandark]

There's some debate about just how much higher oil prices will lower consumption.

This study was making the rounds a little while back.  Basically it says that short-term, consumption is pretty inelastic, but long-term, it does change things.  So hopefully over the course of several years, people would adjust somewhat.

And yeah, I know that it's hard for lots of people to significantly change how much gas they use without buying a new car, changing jobs, moving, etc.

spoiler (click to show/hide)

In before ToxicAdam anti-alarmist you're all luddites and hate technology and hate progress don't you see the market will solve this blah blah blah

[close]

[MrAngryFace]

Well a lot of people who guzzle gas with supercars/trucks put it upon themselves and openly accept the cost. Most normal people are driving the sedans n shit which already get great milage which makes it more an issue of sprawl and travel alternatives that dont negatively impact lifestyle.

I CANT ride a bike to work, its impossible. Even a bus would impact my life way too much. I spend 2 hours getting to and from work a day, by bus id imagine that growing to 3-4 hours.

[Mupepe]

i like my truck.  20mpg    put some exhaust and headers on that bitch and now it's up to 24 according to my computer. 

so probably when i'm going 70 miles down the freeway, a/c off, windows up, i'm getting around 25 or 26 mpg  <3 <3

[hyp]

time to buy a tesla

[ToxicAdam]

So, if it jumps up to 4 dollars a gallon I will have to pay an extra 23 bucks a week?

HOLY SHIT THE WORLD IS ENDING.


Some of my disposable goods will also raise a few pennies?

OH MY GOD, SOUND THE ALARMS. AMERICA IS DOOOOOOMED.


Maybe we should look into alternative fuels?! I've heard that Big Oil is suppressing this technology!!

OH MY GOD, BIG OIL ACTUALLY HAPPENS TO BE THE NUMBER ONE INVESTOR IN SAID ENERGIES!!!

In before ToxicAdam anti-alarmist you're all luddites and hate technology and hate progress don't you see the market will solve this blah blah blah

http://www.htlounge.net/articles/2387/1/Transform-trash-into-energy-using-a-ethanol-based-machine

http://www.dnr.state.oh.us/recycling/news/040211trashgas.htm

BlueFire Ethanol, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com

http://www.marketwire.com/2.0/release.do?id=694081&sourceType=1

Oh well .. I guess I will continue to live in my bubble of ignorance and denial awaiting our certain doom as a society.

[MrAngryFace]

Your bubble is so magical

[Mandark]

I'm tired of the raving of anti-capitalist, anti-technology neo-Luddites at...   MSN Money.

[MrAngryFace]

MSN MONEY is like a bible for people who dont wanna bother learning FACTS ABOUT STUFF ie. me

[ToxicAdam]

Jim Jubak is watching you masturbate.

[MrAngryFace]