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Gasoline May Soon Cost a Sawbuck

Submitted by Rabbit, Apr 29, 2008 21:27

It doesn't take great qualifications to predict this. No more did it take any special training to have predict ed current prices a year ago. I certainly did. I have been predicting oil and fuel prices accurately now, a year in advance for years. There is a clear trend over time and there is a definate trend in the world matters which contribute to the rising price. These matters, such as developing countries increasing consumption, the tapering off and then dropping off of supplies and the unstable global situation being caused by US and Israeli aggression are all here to stay with the current crop of world leaders and all the replacements in the wings.

Having said this I shall predict that we will see $200 a barrel oil within one, to two years. In fact it won't surprise me if we see that by years end, assuming the USA makes good on its threats against Iran. In the event this happens and whenever it does, all bets are off. The rising price of oil is charting a rising curve. At what point does a rising curve become exponential?

Conversely, what will it take to see prices lowered again?

* Oil companies profit margins reduced................not likely
* Vast new oil discoveries..................dream on
* The USA and or Israel moderates their aggressive stance and stops threatening and waging wars in the Middle East...............not likely
* Middle Eastern countries currently resisting US hegemony lie down and accept repression and resources...............not likely

The only direction the price of oil can go is upwards. I fully expect even the most radical predictions to seem conservative by the specified dates..

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Other reader comments on this article

Comment	By	Date
Has the world passed the peak oil production? Colin Campbell's argument is that most government and corporate estimates of reserves are... [MORE]	Bobbi	May 19, 2008 09:10
I feel that the fuel prices of fuel will not make a bit of difference. Because the people are use... [MORE]	James O. Rorie	May 19, 2008 03:58
I am sick and tired of us Americans driving the gas guzzling SUV's and 140 ton "I want to be... [MORE]	Paul	May 18, 2008 14:00
My dear American friends, Many greetings from Germany. Right now we have to pay about 1,50 Euro per liter of unleaded... [MORE]	thomas coss	May 16, 2008 16:36
In my part of the country a ten dollar bill was a fin and a five dollar bill was a... [MORE]	Brother	May 4, 2008 20:07
why does e85 stay a dollar a gallon less than gas if gas goes up e85 goes up the same... [MORE]	brett	May 2, 2008 01:14
Gas will go much higher than just $10 per gallon in time. I'll be yelling Armageddon up and down the... [MORE]	Ange	May 1, 2008 22:42
Why are we continuing to depend on other countries for our oil? Mr. Bush said we can get our... [MORE]	CW	May 1, 2008 21:58
How are hard working Americans on a lower pay scale going to get to work every day? $10 dollars a... [MORE]	Dustin Castellano	May 1, 2008 21:35
From all I have read, the gasoline we are now purchasing did not come from the crude oil that is... [MORE]	susu	May 1, 2008 13:43
Now, now, let's be fair. As much as I dislike the thought of Big Oil dominating our energy supply, we... [MORE]	Jake	Apr 30, 2008 23:07
blame the car makers who sold out back in the 70s -- Nissan @ Datsun-- who had the technology and... [MORE]	Gara	Apr 30, 2008 22:46
look i grew up after the 70's crunch when gas got cheap during the '80's my dad was in the... [MORE]	Patrick Burks	Apr 30, 2008 22:02
i bought a toyota scion. the small 2006 xa wh ich is the counterpart to the toyota yarus. my first one... [MORE]	marc	Apr 30, 2008 19:05
I think we should use the oil that we have drilled in the U.S for the U.S. Build our own... [MORE]	b julias	Apr 30, 2008 17:18
Maybe it is time to nationalize the oil industry....along with health care, education...and other entities necessary for the general welfare....like... [MORE]	Larry Steward	Apr 30, 2008 17:06
Sure, its the SUV driving americans responsible for buying foreign oil. Nice spin there. How about the US politicians who... [MORE]	Steven	Apr 30, 2008 16:16
Mr. Dorfman: I commend you on your excellent article! However, I fear that few people will believe you. From what I've... [MORE]	Kevin Swindle	Apr 30, 2008 16:11
Why would anyone in the New York metro area worry about the price of gasoline? When I left Long Island... [MORE]	72LongIsland08Arizona	Apr 30, 2008 12:05
There no reason oil should be this high, this is way out of line. Somebody ought to be able to... [MORE]	Stan	Apr 30, 2008 11:26
This article is very informative and good. Why not make it $ 20.00 per gallon. Just like everything else. We have... [MORE]	Dottie Hendricks	Apr 30, 2008 10:27
How long can our economy continue with the HUGE trade imbalance we are running. Part of the oil price run-up... [MORE]	Klaus	Apr 30, 2008 10:09
In The Netherlands we pay about €1.50 per liter. That's about $ 2.32. A gallon is 4.5 liters, thus we... [MORE]	JR	Apr 30, 2008 10:06
We here in the UK are currently paying $10 for a gallon of petrol (gasoline); there is talk of this... [MORE]	Neil McPhee	Apr 30, 2008 08:43
I would love gas to be $5 a gallon in the uk, i have seen it for as much as... [MORE]	Blake	Apr 30, 2008 07:49
Our Congress is composed mainly of career politicians and re-treaded lawyers, most of whom failed Science 101. I believe that... [MORE]	Norm Looper	Apr 30, 2008 04:16
Why don't the petroleum companies just tell the "public" the bleedin' obvious...that it is running out fast and that they... [MORE]	Mark Skinner	Apr 30, 2008 03:33
Let's say for arguments sake, that the price of gas does crest $7.00 per gallon. The implications of such a... [MORE]	Chad Bilstein	Apr 30, 2008 02:18
You can thank the US Government for this. We have as much or more oil than Saudi Arabia has but... [MORE]	JW	Apr 30, 2008 01:52
With soaring international demand, peaking worldwide production, an inability of bio-fuels to cover more than 20% of current American... [MORE]	Geoffrey Harris	Apr 30, 2008 00:53
Well.... Dan, I am not holding my breath, but thanks for opening my ears to hear what some experts say ...and... [MORE]	Anna	Apr 29, 2008 23:19
I am so sick of hearing everyone whining and crying about the high price of gasoline! Somebody's got to pay... [MORE]	Mike	Apr 29, 2008 22:32
I think there is something seriously wrong about this country. Since president Bush stepped into office, we have nothing but... [MORE]	CINDY	Apr 29, 2008 21:56
It doesn't take great qualifications to predict this. No more did it take any special training to have predict ed...	Rabbit	Apr 29, 2008 21:27
While it may be conceivable that oil will trade @ $250 per barrel in coming months, why should Americans trim... [MORE]	TONY	Apr 29, 2008 20:08
Well thats the way it goes...first your money then your clothes. [MORE]	ted	Apr 29, 2008 19:59
Oil prices are surging because Ben Bernanke is lowering rates when he should be raising them and printing money out... [MORE]	Mike	Apr 29, 2008 19:58
Even though I have been a registered Democrat for the last 41 years, I lay the full blame for todays... [MORE]	Larry Baker	Apr 29, 2008 19:56
Why do the Liberals still cling to the corporate campaigns of Obama/Clinton --with Clinton only slightly more disengenous than Obama... [MORE]	Gary Oppewall	Apr 29, 2008 18:48
Thanks America keep outsourcing! What a great way to live! [MORE]	walt	Apr 29, 2008 18:33
Unfortunately this all could have been avoided if GM's EV1 and Toyota's Rav 4 EV were allowed to remain in... [MORE]	Edward Mandel House	Apr 29, 2008 16:46

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