$5 gas by 2012 ?

Been hearing $4 gas bu Spring 11, then just heard $5 by 2012, noted China's thirst a contributor. In past these rumors generally come true IMO.

Buy your coal soon.

Oh,what the hell,why not ! I'm sick of being threatened that we're turning into a third-world country. Let's really go for it !

Kiss the recovery good bye if that comes to pass! Camel dung on a valve in Nigeria will cause it too. Trading up the price
for fun and profit.

Horses for sale or rent,rooms to rent fifty cent---let's see what this 2011 government can do about all that

Gov can/will not do crap. Openly traded, unless they nationalize the oil industry, we are at the whim of the market/traders.

http://www.foxnews.com/politics/2010/12/27/oil-exec-predicts-gallon-gas-energy-shortages-decades-end/

They are talking about "peak oil" again, one of these days they will be right... You would think with this "great recession" gas prices would drop not be at record highs for December. And what if they are right about "globe cooling", hang on for a rough ride.

Peak oil production in the U S happened over 40 years ago about

1970, but I have see other charts that said we peaked in the 1950's.

We've been going down hill for a long time.


http://en.wikipedia.org/wiki/File:US_Oi ... o_2005.png


BigBarney

Uglysquirrel wrote:Been hearing $4 gas bu Spring 11, then just heard $5 by 2012, noted China's thirst a contributor. In past these rumors generally come true IMO.

Buy your coal soon.

As a matter of fact, I went for more coal today. Bagged coal had gone up .15 a bag since the first of NOV. I expect that to go higher as the gas prices go higher. I hadn't planned on Jan or Feb temperatures hitting us in DEC so I was running short on coal for those colder months. When you add in the higher cost of transportation burning coal for my heat just got more expensive. I'm still spending less then the neighbors for a warmer house but the gap is closing; at least for now. I know that their heating bill will "necessarily skyrocket" do to actions taken by the administration unless the Congress grows a pair and pulls the plug on the EPA. I'm not holding my breath. I'm going to take the Uglysquirrel's advise and get my next year's coal in as soon as I can. Stockpiling coal is like putting money in the bank. Lisa

Yep Lisa you have got it! I bought a tractor trailer load of rice and got a great price. Now I am actively considering buying another load. Inflation is coming big time and I am not smart enough to think of a better investment than a load of good coal. My variable sized coal bin is a load of two ton cement blocks ($75 each) and the base is pallets from my shavings delivery as we are a horse farm. As the truck would collapse the pallets as it unloaded I filled the holes with old sand and put cheap plywood on top. The sand stopped the pallets from crushing. Sure it will rot out in a few years so I will rebuild. I can make the coal bin as large (or small) as I want for very little money. Imagine a pile of 40 tons of coal in my yard. Forget going to the museum to gaze at a Picasso, I could just go and look at my coal pile. It is a sickness you know!

coalnewbie wrote:Yep Lisa you have got it! I bought a tractor trailer load of rice and got a great price. Now I am actively considering buying another load. Inflation is coming big time and I am not smart enough to think of a better investment than a load of good coal. My variable sized coal bin is a load of two ton cement blocks ($75 each) and the base is pallets from my shavings delivery as we are a horse farm. As the truck would collapse the pallets as it unloaded I filled the holes with old sand and put cheap plywood on top. The sand stopped the pallets from crushing. Sure it will rot out in a few years so I will rebuild. I can make the coal bin as large (or small) as I want for very little money. Imagine a pile of 40 tons of coal in my yard. Forget going to the museum to gaze at a Picasso, I could just go and look at my coal pile. It is a sickness you know!

Yes, it's a sickness. I saw that someone started a new club, the "I can't leave it alone" club. I think you could safely say I'm a charter member. Inflation is definitely coming, you can see it already in the grocery store.

I've noticed over the years I've been burning coal that coal delivery companies are spreading out from the NEPA more and more. I'm going to look into building an outside coal bin over the summer and going with bulk coal - lots of bulk coal. It's the natural progression. The trick for me is getting DK to go along with it. He is always a little slow to see the vision but comes around down the road. Also because we are in the suburbs we have to be concerned with the neighbors and maybe building codes. Nevertheless, it will be done if at all possible. Take care, stay warm, Lisa

Wait till this inflation hits for real at the grocerie stores

Corn 6.23
Beans 13.75
Wheat 7.95

I just got my fuel tanks for off road filled yesterday, up to 2.89 (cheaper because it does not have road tax, and it does not have as much sulfer removed, 500PPM left in it.) Hay prices are going up next year for my customers.

I would be surprised if we do not see $5 gas by the end of 2011.

Wow, so many smart guys on this board. Indeed, right now already we can kiss our lifestyle goodbye.

http://home.entouch.net/dmd/ghawar.htm

http://home.entouch.net/dmd/saud.htm (make that $10 gas)

Just wait until SA tells us there aint that much oil left. $5 could be an underestimate. I worked in UAE for many years and my Arab buddies were always saying that they really do not have a good handle on how much oil is left in any of these fields. We really do have to wean ourselves off of oil, it's a shame we are so stupid about it.

Bear, we're doing square bales at $1.25 this year--on the wagon--you take wagon & bring it back (local) (not hamster bales) I guess we'll have to wait & see what next yr brings

Bear038 wrote:Wait till this inflation hits for real at the grocerie stores

Corn 6.23
Beans 13.75
Wheat 7.95

I just got my fuel tanks for off road filled yesterday, up to 2.89 (cheaper because it does not have road tax, and it does not have as much sulfer removed, 500PPM left in it.) Hay prices are going up next year for my customers.

I would be surprised if we do not see $5 gas by the end of 2011.

Can't blame the ones pumping the oil out of the ground. There just bringing it to the surface.
Could blame the speculators I guess. But if you took away the tools (gas guzzlers) that the speculators have then would there be many speculators. No I blame the public and the behemoths vehicles that people have to have, that have just one person in them and no luggage. The funny thing is, the people that bitch the most about gas prices are the ones with the best gas guzzlers. I know most probably didn't get the memo, but when car sales rose in the last few months, it was because of gas guzzling SUVs being bought up again. I bet it was easy for the speculators to figure that one out.

.. and Jero just think how easy it is to solve. If congress grew a pair and just stated gas taxes will rise 50 cents a year until forever and meant it and stayed with the program we would all adapt. Trouble is that takes political courage and consistency.