not a huge surprise...
Mar. 16th, 2005 01:38 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
chelidon"Oil Hits Record High". And this on the same day it was earlier reported that OPEC Boosts Production, a prospect which apparently did nothing to reassure petrochemical traders, who should know. Interesting to note the somewhat buried fact in the OPEC article that only two of the OPEC countries, Saudia Arabia and Kuwait, have any significant excess capacity left to draw on -- *all* of the other OPEC nations are already producing to capacity, tapped out. Ominous.
Also no surprise here, that gas prices are set to rise as well. Look to gas prices up another .20 to .25/gallon in the next couple of weeks. No, there's no precognition here, that price hike is already in the channel, it's just a matter of time until the more expensive gas makes it to the pump.
As many have noted, any drilling in the Arctic National Wildlife Refuge will make little to no difference to this situation, at the cost of huge habitat destruction, in one of the very few unspoiled places left in this country. The only real benefit from ANWR drilling is to the revenue and profits of a few oil companies, though it gets sold by Bush & Co as some kind of national defence against terrorism and foreign oil. Bulsh*t. Business as usual, in other words.
I'm going to stop posting these things, because it's going to become awfully monotonous otherwise. No, it's not the end of the world. But it is the start of a trend so obvious that even the head-in-the-sand Republican-owned government economists and Republican-owning oil company execs won't be able to deny it forever.
Simple year 1 macro-economics: supply stays flat, and eventually starts dropping *and* getting more expensive to extract and produce. Demand continues to spike even more steeply than it is now. What happens to price? Up, up, and more up. There will be temporary downturns here and there, but the overall trend will be nowhere but up. And that means everything from gas to fertilizer, electricity, airfares, transportation costs for all goods going up, too. Get used to it. Bug your local electric company about their investment in alternative/renewable energy sources, like hydro, wind, solar and geothermal. Because investment in those sources of energy, now considered expensive, will look awfully cheap pretty soon.
This has been your socially responsible message of the day from the Great White Nawth, where heating oil prices just hit a record high. Thank goodness for swift-running streams, wind farms, and wood stoves.
Also no surprise here, that gas prices are set to rise as well. Look to gas prices up another .20 to .25/gallon in the next couple of weeks. No, there's no precognition here, that price hike is already in the channel, it's just a matter of time until the more expensive gas makes it to the pump.
As many have noted, any drilling in the Arctic National Wildlife Refuge will make little to no difference to this situation, at the cost of huge habitat destruction, in one of the very few unspoiled places left in this country. The only real benefit from ANWR drilling is to the revenue and profits of a few oil companies, though it gets sold by Bush & Co as some kind of national defence against terrorism and foreign oil. Bulsh*t. Business as usual, in other words.
I'm going to stop posting these things, because it's going to become awfully monotonous otherwise. No, it's not the end of the world. But it is the start of a trend so obvious that even the head-in-the-sand Republican-owned government economists and Republican-owning oil company execs won't be able to deny it forever.
Simple year 1 macro-economics: supply stays flat, and eventually starts dropping *and* getting more expensive to extract and produce. Demand continues to spike even more steeply than it is now. What happens to price? Up, up, and more up. There will be temporary downturns here and there, but the overall trend will be nowhere but up. And that means everything from gas to fertilizer, electricity, airfares, transportation costs for all goods going up, too. Get used to it. Bug your local electric company about their investment in alternative/renewable energy sources, like hydro, wind, solar and geothermal. Because investment in those sources of energy, now considered expensive, will look awfully cheap pretty soon.
This has been your socially responsible message of the day from the Great White Nawth, where heating oil prices just hit a record high. Thank goodness for swift-running streams, wind farms, and wood stoves.
![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png){kind=small}
no subject
Date: 2005-03-16 07:58 pm (UTC)no subject
Date: 2005-03-17 07:54 pm (UTC)