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News.com.au believes that the oil bubble will burst and go as low as 80/90 dollars a barrel, of course news.com doesnt give any proof for their claims and the general lack of journalism seen on the site is nothing short of criminal.
Goldman sachs (they predicted the recent crash, and basically every other recent occurance) beleives oil prices will hit $150 - $200
http://www.bloomberg.com/apps/news?pid=20601087&sid=ayxRKcAZi630&refer=home
Citibank was estimating that oil would goto $75 until just recently when they suddenly changed their mind to $117.
http://biz.yahoo.com/ap/080610/bp_analyst_note.html?.v=1
Citibank doesnt know whats is doing. In the recent crisis they have lost billions while Goldman has made billions. I would take the advice from Goldman
A few points..good posts smurf. what do you think is the best way to secure basic electricity needs? obviously transport is whole other debate.
is it possible to export electricity overseas? i like the idea of a nuclear australia exporting energy.
Motorists 'playing poker' with petrol prices
Posted 7 hours 52 minutes ago
Updated 2 hours 55 minutes ago
The competition watchdog says motorists are playing poker with oil companies until FuelWatch is introduced.
Australian Competition and Consumer Commission (ACCC) chairman Graeme Samuel says oil companies use a price monitoring service called Informed Sources to make sure they do not over-discount.
Mr Samuel says the difference between the lowest and highest fuel price in Sydney today is 20 cents.
But he says without FuelWatch, motorists will not know where the cheapest prices are.
Mr Samuel says the price monitoring carried out by oil companies and retailers borders on being illegal.
He says the major petrol retailers, Coles and Woolworths have up to the minute information on each other's prices, which they use to avoid discounting their prices.
Mr Samuel told a business gathering FuelWatch will transfer this power of knowledge to motorists. etc
He says FuelWatch could save motorists more than 20 cents a litre by ending retailer collaboration
Google electric cars and get one from overseas from $3,000aus. You certainly could do it, but guess what, Feds told me it would not pass Aussie safety test & would not be able to be registered. Worried about my safety, Sure, I'll just go and get a 1000cc motor bike.
1. The much vaunted "FuelWatch" scheme might be ok for city dwellers who perhaps have a choice of maybe 50 service stations within a 5km radius of their home.
2. However, the scheme is a total joke when applied to rural situations. Just how many servos do cityfolk and pollies think are scattered around within easy driving distance in rural regions?
3. Would YOU drive 1,000km to save 10c litre??????
A point I've made many times here and elsewhere. Try and develop ANY power source that (1) actually provides a real alternative rather than a small supplement and (2) isn't oil or gas and the greens etc will do everything possible to stop you.There was a proposal to construct a tidal power plant in the Clarence River. I believe it has been scuttled by the greens, the nimbys and the professional fishermen.
I for one am going to look at the possibility of changing my car over to natural gas shortly as we have plenty of that.
The great tragedy is that government WAS doing something 25 - 30 years ago. Then we stopped...Where does that leave us? I can't see our government doing ANYTHING about peak oil.
Is anybody out there thinking about what they will do in the case of a severe crisis?
That's twice the size of the US SPR, so it will never happen.When oil gets under $100 barrel, like to see our govt. buy 500 mill barrels for storage/resale. Better return than investing in future fund.
The great tragedy is that government WAS doing something 25 - 30 years ago. Then we stopped...
The old state energy authorities, particularly the HEC (Tas) and SECWA (WA) were very well aware of the situation 30 years ago and were taking action.
The HEC always had as its underlying basis for existence an understanding that oil wouldn't be around forever. Meanwhile the SECWA was noted internationally at the time for it's exceptionally speedy response to the situation.
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