Well, let's hope not. Steve Forbes predicts oil at $30-40 within a year:
http://www.forbes.com/business/feeds/afx/2005/08/30/afx2195813.html
Bill
- In peugeot-L@yahoogroups.com, "hugo_steincamp" <hsteincamp@h...> wrote:
> According to a geologist at Princeton, OPEC oilfields have reached
> their peak and now are at the tipping point for decline. He argues
> that this, coupled with (a) increasing demand for oil from India and
> China, and (b) the paucity of new oil discoveries, means that the
> end of cheap oil is over. If we think oil is expensive now, wait a
> few years. He argues that during the next five or six years, oil
> will reach $200 a barrel.
>
> Hugo
>
>
>
>
>
> --- In peugeot-L@yahoogroups.com, Ben Pender <ben_pender@y...> wrote:
> >
> > > Eduardo,
> > >
> > > I don't know, give us another 9-12 months with
> > > these
> > > ridiculous (to us, at least) fuel prices, and there
> > > might just be a market for it.
> > >
> > > I realize that the hurricane is the primary reason
> > > for the spike in fuel prices over the past week, but
> > > that still doesnt explain the spike in fuel prices
> > > over the past 6 months, or even last several years.
> > > Its quite telling that the petroleum companies
> > > reported a $7.5 BILLION increase in revenues in the
> > > first quarter of this year, which is an increase
> > > OVER
> > > what they made last year. You can't tell me that
> > > these companies are raking it in. Anyway, the point
> > > of this is the petroleum companies better start
> > > curbing their greed, because, another 12 months of
> > > this, and the Americans might actually begin to curb
> > > our thirst for the stuff, and demand will drop,
> > > ultimately cutting into the potential profits of the
> > > petro companies. Remember the gas crisis of the
> > > 70's?
> > > After a while Americans woke up and dumped the gas
> > > guzzlers (only to return to them 20 years later).
> > >
> > > I would love to see a fuel efficient Pug back in
> > > the
> > > states. I would even consider buying one. If you
> > > can
> > > make them tow a 4000# boat, Americans would be all
> > > over them!
> > >
> > > Regards,
> > > Ben Pender
> > > some MGs
> > > some VWs
> > > some Audis
> > > some Yugos
> > > a Fiat X1/9
> > > coming soon-Saab c900
> > > possibly coming soon-Peugeot 405 Mi16
> > >
> > > --- Eduardo Kaftanski <e@nn.cl> wrote:
> > >
> > > > >
> > > > > Where are they going to sell 30,000 of these
> > > with
> > > > gas prices as they are
> > > > > worldwide, and not selling a single one in North
> > > > America?
> > > > >
> > > >
> > > > Would a car like the 206 sell at all in the US?
> > > >
> > > > They do get 32/42mpg. Diesels get 40/57mpg.
> > > >
> > > >
> > > > --
> > > > Eduardo Kaftanski
> > > > eduardo@l...
> > > > Red Hat Certified Engineer/Instructor/Examiner
> > > > Gerente Ingenieria LinuxCenter LatinAmerica
> > > > Mariano Sanchez Fontecilla 310, 2do piso, Edificio
> > > > Birmann24, Las Condes, Chile
> > > > http://www.linuxcenterla.com +56-2-4834000
> > > >
> > >
> > >
> > > __________________________________________________
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> >
> >
> >
> >
> >
> > ______________________________________________________
> > Click here to donate to the Hurricane Katrina relief effort.
> > http://store.yahoo.com/redcross-donate3/
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Received on Wed Sep 7 19:38:37 2005
