The NY Times article http://www.nytimes.com/2008/04/28/bu...28oil-WEB.html reports on the lack of optimism of expanded oil mining in the coming decades, leading to the prospect of ever increasing oil prices.

The points made include
- oil futures 4-5 years out are selling for $105 a barrel
- no new fields are being opened up by oil companies anywhere in the world equivalent to Alaska North Slopes, the North Seas, etc
- Saudi Arabia isn't expanding rapidly enough
- Mexico's production is falling while Mexico's consumption is increasing so that soon one of the largest exporters to the US is nolonger exporting anything

Will the US economy, or the US and world economy suck in the future?

Or will the US economy grow rapidly, with increasing wages and equality as rapid investment in a sustainable economy creates demand for labor, from skilled scientists and engineers to people in manufacturing to people installing and maintaining solar equipment?

The President of OPEC said yesterday he can see oil at $200 in the near future.

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Please don't tell mama I work for Obama's campaign. She thinks I am a piano player in a whore house.

What if the price of oil never goes down?


Then Americans had best start living very close to where they work and shop.

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If you want change stop electing "liberal: democrats and "radical" Republicans. Find and support true Conservatives; those who believe in fiscal responsibilities, individual accountability, and a smaller government, with less control of your daily life.

this is what the europeans have going for them is there close proximity.
America is at the beginning of the most profound wake up call of this industrial age ,why do I sound so bleak? because there are few signs that new oil fields are emerging to keep up with demand period. you don't have to look at it any closer then that it is cut and dry, slowing down of production with increases in demand equal high prices at the pump. There is a market shift as we speak that identifies itself with an economy that is and has been living beyond it means in energy consumption falling victim to this tight rope that american consumerism has set us up for. bring on the hybrid and all visit the humm-v at the museum

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Dwight D. Eisenhower warned this country of a "military industrial complex" pulling the strings

Hello! Oil comes from long dead & heavly compressed past living things: the present world population is somewhere near 4.3 billion people, and still expanding. So guess what? Regardless of where we drill & how many new oil fields we find, the world is still running out of oil.

Yes we seem to have a window of grace: the most advanced nation in the world has just wasted the past 8 years in gaining any solution to this absolute truth: how many more years of grace do we have?

However, we all know how important it is to forever discuss a Constitutional Ammendment to preserve the notion that marriage must be between a male & female: or examen the sermons of some lunatic radical preacher who's church one of our candidates attended: or question the loyalty of a candidate that does not wear a flag on his clothes: or which "Big Brother" gets tossed out of the house, or which "American Idol" should be crowned.

There is one thing that Rev. Wright said that I agree with, "we are going to reap the consequences of our foolish decisions." ...pjwky

I agree with you 100%. Can you imagine how little will be done in the way of extraction, drilling etc. if the Dems get elected? If the dems get elected you can take our current crisis and double it every 10 years if you factor in a usage> of 3.2 per year. Dems, Repubs are all missing the beat in regards to energy concerns, in my opinion.

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"oops there goes sanity, oops there goes gravity"

http://www.youtube.com/watch?v=xFYQQPAOz7Y
Cottonbroker.....formerly known as "the Aritist"

Throw away that old almanac! Try 6.6 billion and counting...

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Hehetchetu. Wa uyun tinkte!

Actually closer to 6.6 billion currently. Hasn't been 4.3 billion since the 70's (let me guess, when you were in grade school :-)

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Thanks all, I stand corrected and I guess its really worse than I thought.

Thanks for the complement Solomon Soho: in the early 70s I was in lovely sunny tropical South Vietnam.

CottonB, I am glad to see you up and going: I hope you continue to feel better. As for the oil, what time we have wasted: may our children forgive us: but why should they? ...pjwky

For too long in this country "growth" has been equated with "progress"

Personally I equate never ending growth with cancer. Not something to be sought after....

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"If you're going to tell people the truth, be funny or they'll kill you." -- Billy Wilder

"Never believe anything in politics until it has been officially denied." -- Otto Von Bismark