Comments on: Saving Gas – Part 1 of 3 http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/ Dedicated to the balanced discussion of global warming Mon, 23 Aug 2010 16:53:03 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: admin http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/comment-page-1/#comment-5053 admin Wed, 11 Jun 2008 00:50:57 +0000 http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/#comment-5053 Tim - I partially agree with you. I am concerned that this recent spike is caused by additional elements other than the typical fears of war in the ME and price gouging that can occur with a small number of suppliers. In this case, China, India, and Japan have very strong economies and there doesn't appear to be immediate relief in their need to buy oil. I heard Newt Gingrich in a speech a while back and he felt that this level of oil pricing would push through new innovation to make diversification possible. Of course, if alternate energy sources catch on, the price of oil will drop rapidly to prevent the widespread adoption of a competitor. Tim – I partially agree with you. I am concerned that this recent spike is caused by additional elements other than the typical fears of war in the ME and price gouging that can occur with a small number of suppliers. In this case, China, India, and Japan have very strong economies and there doesn’t appear to be immediate relief in their need to buy oil.

I heard Newt Gingrich in a speech a while back and he felt that this level of oil pricing would push through new innovation to make diversification possible. Of course, if alternate energy sources catch on, the price of oil will drop rapidly to prevent the widespread adoption of a competitor.

]]> By: tim maguire http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/comment-page-1/#comment-5051 tim maguire Tue, 10 Jun 2008 21:12:04 +0000 http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/#comment-5051 While this particular oil spike is harsh, oil historically has advanced this way--a dramatic spike followed by a long slow drop as the historical, inflation-adjusted price cathes up with and surpasses it until it hits another spike, followed by a long slow drop... This shows in your chart and a year by year breakdown would show it even more dramatically. At the moment, I dont see any reason why it won't happen again. Two differences this time are increased demand from growing economies like China and India and production lags created artificially by governments like our own playing to misplaced environmentalist fears, but eventually production and technology will do what they do and gas prices will fall back into line. While this particular oil spike is harsh, oil historically has advanced this way–a dramatic spike followed by a long slow drop as the historical, inflation-adjusted price cathes up with and surpasses it until it hits another spike, followed by a long slow drop…

This shows in your chart and a year by year breakdown would show it even more dramatically.

At the moment, I dont see any reason why it won’t happen again. Two differences this time are increased demand from growing economies like China and India and production lags created artificially by governments like our own playing to misplaced environmentalist fears, but eventually production and technology will do what they do and gas prices will fall back into line.

]]> By: Is It Getting Warmer? » Saving Gas - Part 2 of 3 http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/comment-page-1/#comment-5049 Is It Getting Warmer? » Saving Gas - Part 2 of 3 Tue, 10 Jun 2008 15:30:29 +0000 http://globalwarming-factorfiction.com/2008/06/09/saving-gas-part-1-of-3/#comment-5049 [...] is the second of our series on dealing with the high price of gas.  Yesterday, we discussed what the true price of gas was but that still acknowledged that the rapid increase has left people and companies feeling the pinch [...] [...] is the second of our series on dealing with the high price of gas.  Yesterday, we discussed what the true price of gas was but that still acknowledged that the rapid increase has left people and companies feeling the pinch [...]

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