The Oil Drum: New York City

Helping New Yorkers understand, prepare and adapt to the implications of Peak Oil

Friday, August 12, 2005

What's driving gas prices higher?

I'm about to take off for the weekend to go camping. A little homework for everyone this weekend: Ask your friends, co-workers and relatives "what is driving gas prices higher?" Humor them as they talk about Bush, the Chinese, the war, the oil companies, etc.

Then mention these 3 facts:

1. No good information on oil exists inside of OPEC. There is no independently verified estimates of OPEC production rates or reserves. If we had a firm accounting of how much oil is really left and what fields are in decline then the markets might stabilize around a price that makes economic sense. Maybe mention Matt Simmons' book.

2. Add that OPEC has publicly stated that they cannot produce any more oil than current production rates and that non- OPEC producers have had a decline in production despite the high prices that should encourage more production. If price instead of geology drives supply then why hasn't this mechanism worked yet.

3. Tell them that we only have ourselves to blame for not using technology The average vehicle fuel efficiency has actually decreased since the the late 1980s and many of the new hybrids are being built for enhanced performance instead of fuel efficiency.

I'm interested in how these conversations go. Please post the results of your conversations in the comment section.

3 Comments:

At 11:08 AM, Anonymous Tim said...

Good Job! :)

 
At 4:38 AM, Anonymous Anonymous said...

tibia money tibia gold tibia item runescape accounts buy runescape accounts runescape money runescape gold runescape gp runescape power leveling runescape powerleveling cheap rs2 powerleveling runescape equipment buy rs equipment runescape runes cheap rs2 runes runescape logs cheap rs2 logs runescape items buy runescape items runescape quest point rs2 quest point cheap runescape questpoint runescape gold runescape items runescape power leveling runescape money runescape gold buy runescape gold buy runescape money runescape items runescape accounts runescape gp runescape accounts runescape money runescape power leveling runescape powerleveling tibia gold dofus kamas buy dofus kamas wow power leveling wow powerleveling runescape questpoint rs2 questpoint Warcraft PowerLeveling Warcraft Power Leveling World of Warcraft PowerLeveling World of Warcraft Power Leveling Hellgate money Hellgate gold buy runescape logs buy rs2 items cheap runescape items Hellgate London gold Guild Wars Gold buy Guild Wars Gold runescape items rs2 accounts cheap rs2 equipments lotro gold buy lotro gold buy runescape money buy runescape gold buy runescape runes lotro gold buy lotro gold runescape money runescape gold cheap rs2 powerleveling eve isk eve online isk buy runescape power leveling rs2 power leveling tibia gold tibia item runescape accounts Fiesta Silver Fiesta Gold SilkRoad Gold buy SilkRoad Gold Scions of Fate Gold Hellgate Palladium Hellgate London Palladium SOF Gold Age Of Conan Gold AOC Gold ArchLord gold tibia money tibia gold runescape accounts runescape gold cheap rs2 powerleveling buy ArchLord gold DDO Plat Dungeons and Dragons Online Plat

 
At 1:56 AM, Anonymous Anonymous said...

29833691750427282 Earthrise Air Jordan Shoe
and GHD Hair Straighteners
and Replica Watch
and Replica Handbag
of Masthead DVD BoxSet Studios, where DVD BoxSets we read that DVD Box Set Earthrise is DVD TV Series scheduled for DVD Box Sets release DVD Box Sets For Sale for third Best DVD Box Sets quarter of 2010.

 

Post a Comment

<< Home