Have we seen the peak in oil yet?

Discussion in 'Finance, Investing & Economy' started by Matt in the Hat, Mar 10, 2005.

  1. eric_appleby

    eric_appleby Member+

    Jun 11, 1999
    Down East
    Club:
    New England Revolution
    Nat'l Team:
    United States
    What some of the experts are missing is that demand is already taking a hit.
    At over $3 a gallon, people are cutting back. I know I'm cutting back, and a gas station owner I was talking to also mentioned much less traffic on the road.
    An AP story, I believe, also cited light traffic on the highways.

    I'm also thinking about the positives. Now there is much more financial incentive to develop alternatives. I remember travelling on I-85 through Georgia not too many years ago. The price was well under a dollar a gallon at most stations.
     
  2. Chicago1871

    Chicago1871 Member

    Apr 21, 2001
    Chicago
    Nat'l Team:
    United States
    Supposedly when gas peaked this weekend it was, after adjusted for inflation, tied for the highest price in history.
     
  3. Anthony

    Anthony Member+

    Chelsea
    United States
    Aug 20, 1999
    Chicago
    Club:
    DC United
    Nat'l Team:
    United States
    Actually, the next step is extracting oil from sand in Canada. Sale il is the step after that.

    I think you are onto something. PJ O'Rourke once wrote about whale oil. Whales once provided a huge portion of the oil and other industrial materials used in factories. So whales were hunted to extinction. And what happened? Other things were found to replace whale products. Hopefully, the same happens here.

    I want to buy stock in companies that make windmills.
     
  4. Sachin

    Sachin New Member

    Jan 14, 2000
    La Norte
    Club:
    DC United
    GE may be your best bet.

    http://www.msnbc.msn.com/id/7549533/

    Sachin
     
  5. Txtriathlete

    Txtriathlete Member

    Aug 6, 2004
    The American Empire
    Thats one area that Ive never ventured into, how does one go about buying that? would places like Ameritrade (my broker) offer that? if not, then who would?
    Thanks for the replies (if any) in advance.
     
  6. eric_appleby

    eric_appleby Member+

    Jun 11, 1999
    Down East
    Club:
    New England Revolution
    Nat'l Team:
    United States
    Ask Ameritrade. If they don't offer it, they will know who does.
     
  7. Hucsman

    Hucsman Football Ayatollah

    Jun 26, 2005
    México
    Here's for the "paranoia" post.

    Mind you, this is the worst possible cases cenario, and very conspiracy theory, it makes an interesting read though.

    http://www.lifeaftertheoilcrash.net/
     
  8. Matt in the Hat

    Matt in the Hat Moderator
    Staff Member

    Sep 21, 2002
    Brooklyn
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    www.winergy.com
     

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