Originally Posted by Donger (Post 4765041)

What are you going to do about it?

Originally Posted by J-Town Fan 1988 (Post 4765084)

My thought is he's about to join the posse of Chiefsplanet members who are about to launch an assault against your household as some sort of measure of revenge over the gas prices. Once they're done, they'll proceed to pull up some tacky-ass plastic fold-up chairs in a neighbor's garage and bitch about the gas prices over a cold Keystone.

Originally Posted by J-Town Fan 1988 (Post 4765431)

Are you part of the 1% of people capable of teleportation?
...

Or, you are 1% of the people who are Saudi royalty.

Originally Posted by jidar (Post 4766528)

I've given this more and more thought and the answer I think is simple although not entirely obvious. The key to this is speculation. Speculation on the prices of oil by investors raises the price and curtails demand in advance of supply side shortage, in effect the speculators jumpstart the price and profit off of it before it gets to the point of a real shortage.

I think if you mull that over for awhile you will see that this is not only likely, but in todays economic world it's almost inevitable. I believe it would be difficult to have a true shortage of anything today unless it somehow caught us by complete surprise such as a natural disaster drastically changing a commodity market. Speculation will always get their first if there are any real indicators to lead off of, and in this case there were tons and tons.

Originally Posted by Bowser (Post 4766708)

What can I do about it? Have any helpful suggestions?

Originally Posted by Donger (Post 4766724)

So, you agree that we've not reached peak oil?

Originally Posted by Bowser (Post 4766832)

Why has production "flatlined"? It certainly can't be from lack of funds.

Originally Posted by jidar (Post 4766831)

No. I'm trying to explain that we have price increases ahead of supply shortage so it serves to keep demand down and this in turn means that we don't have real shortage situations. Production has flat lined so where we are taking the hit right now is in our normal growth of demand, so instead of growth we're maintaining.

It's important to realize that this is not business as usual though. Just because speculation is driving costs up ahead of supply shortage does not mean that supplies are not in a decline. In fact, Id say it pretty much has to happen this way since the supply shortage is largely predictable so speculation is hardly surprising.

Originally Posted by Donger (Post 4766720)

No. I probably use less gasoline than 99% of the population. Well, maybe 90%

Originally Posted by GoBo (Post 4766975)

Ummm, don't you travel a lot for your job?

Originally Posted by Donger (Post 4766725)

Yes. Reduce your demand.

Originally Posted by Donger (Post 4766963)

With the new supplies coming online (~600,000 bpd), I simply don't see it.

Originally Posted by Deberg_1990 (Post 4766980)

SO what do you do? Walk to work and sit at home when your not at work?

For alot of people its not that easy to reduce their consumption.

Originally Posted by Deberg_1990 (Post 4766980)

SO what do you do? Walk to work and sit at home when your not at work?

For alot of people its not that easy to reduce their consumption.