While short term fluctuations in crude oil prices are usually not reflected in gas prices, they are still related in the longer term. You can see this at http://www.gasbuddy.com/Retail_Price_Chart.aspx, just choose "Canada Average" for Area1, set the time period 6 years, and check off "Show Crude Oil Price". For most of the past 6 years the prices stayed more or less in sync, even more so if you compare using "USA Average".It really has little to do with oil prices.
Oil peak is as real as it gets. The production in most major oil fields in the world is in decline. The cheap oil era is gone forever.Peak oil is more a scare tactic than a reality, however it should propel alternative energy and reduced consumption so I have no problem with it.
I'm not saying they're not related , just a question of how the relationship works.While short term fluctuations in crude oil prices are usually not reflected in gas prices, they are still related in the longer term. You can see this at http://www.gasbuddy.com/Retail_Price_Chart.aspx, just choose "Canada Average" for Area1, set the time period 6 years, and check off "Show Crude Oil Price". For most of the past 6 years the prices stayed more or less in sync, even more so if you compare using "USA Average".
And your 100% sure of this? The last part one could believe the rest is pure speculation. Just because something is in decline doesn't mean it always will be. Same could be said for stocks just over three months ago, bet those chicken littles are wishing now they weren't so gullible. Peak oil is a theory nothing more nothing less. Don't report speculation as fact it makes you look like a fool. And as the saying goes a fool and his money are soon parted.Oil peak is as real as it gets. The production in most major oil fields in the world is in decline. The cheap oil era is gone forever.
Sure I can. Eventhough I didn't actually compare them... it was a metaphor. But anyhow the whole "peak oil" delirium is simply a means to an end. Two very different bedfellows with a common benefit at the moment.It doesn't matter if it has or hasn't happened yet. If it hasn't, it will sooner than later. World oil discoveries have peaked so it's only a matter of time before the production has peaked. We're extracting oil from the ocean, oilsands (which take a lot of energy to extract) and waiting for polar ice caps to melt? Awesome.
"Just because something is in decline doesn't mean it always will be. Same could be said for stocks just over three months ago..." - You can't compare oil reserves to stocks. There are certainly things that can be in decline for good.
This planet can't sustain the current population without oil. You can't grow the world economy with decreasing energy supply. You wouldn't even be able to maintain it. Airlines and other oil intensive industries would be hard hit. Crops would be way less productive so a much higher proportion of total population would have to work the fields, like in the past. I hope I'm wrong though.
Good question. I have no idea.According to Yahoo news, gas prices have risen 41 days in a row. Refinery problems are shown as high prices but as you know imagine there are big players in gas industry. Some people say that oil demand is still weak. So how this is happening? If demand is weak then prices should go down. What’s your opinion?
It does matter , if it's already happened we are screwed for getting ourselves into this mess.It doesn't matter if it has or hasn't happened yet.
That's a fair and easy assumption.If it hasn't, it will sooner than later.
Have they? Just how do you know that?World oil discoveries have peaked
Everything is a matter of time , but can I make money off it in my lifetime?so it's only a matter of time before the production has peaked.
We're not waiting , they're melting whether we are prepared or not , that is a proven fact. http://www.commondreams.org/headlines03/1024-05.htmWe're extracting oil from the ocean, oilsands (which take a lot of energy to extract) and waiting for polar ice caps to melt? Awesome.
Again how do you know that? If alternative forms of energy are developed and used more efficiently , there's no reason it can't be done.This planet can't sustain the current population without oil.
See above.You can't grow the world economy with decreasing energy supply.
See aboveYou wouldn't even be able to maintain it.
Again a fair and easy assumption.Airlines and other oil intensive industries would be hard hit.
Why would crops be less productive , assuming we have alternative energies to take the place of internal combustion engines.Crops would be way less productive so a much higher proportion of total population would have to work the fields,
How far in the past? 10 years , 100 years , 1000 years?like in the past.
Wrong about what? All of the above or just some of it?I hope I'm wrong though.
