OPEC: Still the same problems of limited oil supply

[lovuian]

http://newsfromrussia.com/world/2004/10/11/56531.html


US crude prices are now up by more than 60% compared with the end of 2003, and analysts believe they may rise higher still.

"It's been a heck of a run, but nothing has changed fundamentally. We still have the same problems of limited supply and limited spare capacity," said John Brady at ABN Amro in New York, BBC News reported.


Bottomline Prices for Oil are going up!!!

[rman]

1. BBC source:

http://news.bbc.co.uk/1/hi/business/3731692.stm

[jmcgowanjm]

2. Yep and "US oil prices will most likely be in the $60-70

price band next month," said Bruce Evers at Investec Securities in London.

There's a "time wall" racing towards us and when it hits
we'll have more in common w/ 1935 and today
than that future "time."

GM to build hybrid busses for China in China.
What's wrong w/ this picture.

[lovuian]

3. This is going to Spiral the World into a Depression

This is going to be a disaster So Mass transit is going to happen whether we like it or not....... which might be good for the earth

[MADem]

4. Gasoline is projected to rise as well

...so what can we look forward to? Locking gas tanks? Punks puncturing your gas tank and draining off your gas? Odd-even rationing? Deja vu all over again!

I remember those miserable, awful gray days. Homes were cold because no one had decent insulation. No one knew how to conserve. Everyone was unhappy and angry.

Here we go again. Thanks a lot, weecowboy.