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To: Think4Yourself who wrote (124350)	5/21/2008 10:24:43 AM
From: John Chen	Respond to of 306849

"Americans are definitely cutting back on energy consumption right now.".. but we're also developing energy consumption based products: 'games'. The game-PC is at 1000w level. The gain in saving energy with CFL bulbs is a lost battle if you have game-PC in the house, or any PC. While "peak oil" maybe approaching, the 'peak price of oil' is not even close. Society should adjust to 'high oil price' as reality and stop complaining/sueing. Know the rule (price), play the game (live). Pay up and shut up.

To: Think4Yourself who wrote (124350)	5/21/2008 10:35:35 AM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

I disagree (vehemently) that oil is in a bubble. Look at the forward contracts, they say it's permanent. Barring a depression, that's likely to last. Production just isn't keeping up, the export land model says we see rapidly dropping exports and at this point that's all that matters....I think we see the price of crude double for the next 10 years about every 15 to 18 months. BTW, huge draws in crude in the EIA inventories this week...even with price at 125/bbl and up.