Oil prices up yet again.

joe-90 · 3 Jul 2008

About a week ago it was $139 a barrel.

Today it is $146.

If it keeps rising the whole of the Western economies will collapse.

It's a mathematical certainty that we will have a recession - maybe even a depression.

But the really bad news is - that it will never end in yours or your children's lifetimes.

libby lou lou · 3 Jul 2008

How do you reach that conclusion joe ? crystal ball ? you should of been a millionaire a long time ago !!

joe-90 · 3 Jul 2008

When the price of oil goes up - the price of everything goes up - except wages. Oh I forgot - you don't work do you?

joe-90 · 3 Jul 2008

Of course there's always biofuels.

http://www.guardian.co.uk/environment/2008/jul/03/biofuels.renewableenergy

jefoss · 4 Jul 2008

i read the same thing earlier, the price is shooting up, sure its not the work of bin laden?

BOB D.O.L.E · 4 Jul 2008

Been to work this morning on my petrol fly mo
it does 130 miles to a gallon and two weeks to do 130 miles.

im buying shares in the sinclair c5 its making a comback.

Thermo · 4 Jul 2008

ill just get a horse and cart

joe-90 · 4 Jul 2008

It's up again today. Won't be long before it passes the $150 mark.

Won't be long before the economy collapses.

Shytalkz · 5 Jul 2008

I've put my mileage rates up

nstreet · 5 Jul 2008

I get annoyed at the governments attitude that wind power will be our saviour, what a load of old tosh.

It would be much more effective, efficient and cost effective to put a solar panel on every new build house but do they consider that no, you have to ask why?

I think we will all have to get used to the continuos rise in oil prices, see you all soon in the benfits queue because it wont be long before wages wont cover outgoings!

Shytalkz · 5 Jul 2008

You've been reading too many of Joe's posts

oilman · 5 Jul 2008

nstreet said:
I get annoyed at the governments attitude that wind power will be our saviour, what a load of old tosh.

It's a vote grabber.

It would be much more effective, efficient and cost effective to put a solar panel on every new build house but do they consider that no, you have to ask why?

It's not much better than wind power, and definitely not cost effective.

Decades ago, railways started being electrified. Hmm, now there's a power saving exercise. That stopped when the dim government of the time sold of the railways and split it up. Ruth Kelly is now saying the business case for electrifying the railways is very strong. It has been for decades, but that won't get many headlines, so wind generators it is. Never mind the problems they have actually getting power from them.

Trazor · 5 Jul 2008

Are Snakes the answer.......

Snakes

megawatt · 5 Jul 2008

Oil prices have risen steadily year on year throughout my entire adult life forcing the cost of living to follow suit.

As a result, people like Joe have predicted recessions and depressions year on year throughout my entire adult life ...

And I'm still waiting

Joe wrote:

But the really bad news is - that it will never end in yours or your children's lifetimes.

Well Joe, do you actually finally admit that it WILL end at some point now or do you still maintain that there will NEVER be a replacement for oil, that we should stop wasting our time looking for something, roll over, curl up our toes and wait for God?

MW

joe-90 · 5 Jul 2008

Of course oil prices have risen throughout your lifetime, but so has the price of black pudding.

What is critical here is that black pudding doesn't power the economy but oil does, and that oil has just doubled in price in just 12 months.

In 2000 it was $30 per barrel - today it is almost $150 per barrel.
That's 5 TIMES the price it was just a few years ago.

Would you care to show me any other period in your life where the price has risen to 5 times its value in just 8 years?

The problem we have is that if the price were to double yet again (and it easily can) then our oil reliant economy would collapse.
If there were a bus full of people with hardly any money yet the price of fuel continued to rise and the passengers had no money to pay the fare increases - then you wouldn't be running a bus company for long would you? Well it's just the same in the big picture. People can't get more money yet the price of everything will continue to rise until they can no-longer afford to live and the economy will collapse. Think about it.
I can't wait for that new technology you've been telling me about. they'll wheel it out soon won't they? We need it NOW. So where is it?

Oil prices up yet again.

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