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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: benwood who wrote (78876)	5/7/2008 8:15:14 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 116555

When your oil is gone you have to wonder where you're going to get your oil . . . just as much as you need to wonder where to live after you sell your house. After you sell, you need to: a.) buy or rent a new house; b.) buy a new oil reservoir, because it's unlikely anyone will rent you one. .

To: benwood who wrote (78876)	5/8/2008 12:36:08 AM
From: elmatador	Respond to of 116555

Supply and demand. Price up. Consumption must come down. It takes a while to sink in the increased price. It must dawn on consumer that the high prices are there to stay. Then they change their habits. The first thing they do, is not to stay at home. They buy cars that consumes less fuel. (This is where the US is today.) The firms who use lots of cars to tranbsport good look also to the fuel cost, the fleets of cars to be rented are also going to be made of small cars and pretty soon, small cars are de rigeur. Now everyone is driving a very little car. Prices are still high and still biting. Perceptions start changing. It goes to the next level. Perhaps it should be allowing oil companies to drill everyhwre they want to. Perhaps we should not be applauding greenism and environment ideas. Greenism is also a cost that must be factored in the price of fuel on your car. This is where we are going to be in 2010.