If you have a chance please consider reading these.
“Jeff Rubin believes that oil prices are going to escalate much higher. In his book Why Your World is About to Get a Whole Lot Smaller, Rubin foretells $200 oil and a vastly transformed global economic picture coming into focus very soon.”
“Unfortunately, this romanticized and sanitized vision of the economy led most economists to ignore all the things that can go wrong. They turned a blind eye to the limitations of human rationality that often lead to bubbles and busts; to the problems of institutions that run amok; to the imperfections of markets — especially financial markets — that can cause the economy’s operating system to undergo sudden, unpredictable crashes; and to the dangers created when regulators don’t believe in regulation.”
Gold has passed the $1000/Oz rate, this indicates that businesses are betting against global economy recovery in a big way. Here is the story.
So, what happens when oil gas to $20/Gallon? This is a rather out-there book, but an interesting read.
“Steiner has adopted a nicely readable structure for the book. Starting at $4 a gallon, each chapter tracks what will happen when gas hits a particular price, escalating by $2 until he gets to $20. He visits an airplane graveyard in order to explain how $8-a-gallon gas will crush the airline industry. At $14, he checks out an abandoned Wal-Mart “ghost box” and imagines a grim end to the car-dominated exurb. “Stores will return to the downtowns of yore as small towns’ populations . . . return to the small-town infrastructures that their grandparents and great-grandparents built.”
By $18 a gallon, high-speed railroads serve our travel needs, and by $20 a gallon, we just can’t do oil anymore. And like a lot of people who’ve studied our post-oil energy options, he comes down on the side of nuclear. Eventually, he’s replaced transatlantic flights with leisurely ocean passages akin to the grand liners of yesteryear. Except these new Queen Marys will run on nuclear reactors. Personal cars will be a thing of the past. Citizens of the future will wonder why we ever thought we needed them.”
“In short, Mr. Steiner has written a book full of fanciful predictions, some of which should probably be taken seriously, though certainly not all of them. Here are just a few: $8 gasoline will doom most United States airlines. When gas reaches $10 a gallon, Disney World will close. At $12, suburbanites will no longer be able to afford McMansions or their long commutes. And, at $14, it will be too expensive for Wal-Mart to gas up the truck fleet that moves goods around the country.”
There is an interesting potential for stored CO2 to aid in both enhanced oil recovery (EOR) and enhanced natural gas production. Many states are presently involved in an national program to determine and investigate storage sites for CO2. The same geological systems that have isolated hydrocarbons, such as oil and gas, can be used to story CO2. In addition the chemical and physical properties of supercritical CO2 are ideal to enhance hydrocarbon recovery.