Oil at $60.80 a barrel.

[Nordmadr]

This has been your friendly neighorhood peak oil reminder. Be informed, be safe.

http://www.usatoday.com/money/industries/energy/2005-06-27-oil-daily_x.htm

Keep in mind forecasters are predicting a shortfall in supply available to meet demand in the 4th quarter of THIS year.

Peace.

Olaf

[patrice]

1. How does this bail-out compare to Silverado?

Quite a bit bigger I suspect.

Same crowd, different project.

[Warpy]

2. I usually put $20 worth of gas into my truck every 6 months

but I'm afraid the June 1 trip will last only until October.

Oh well.

[Ezlivin]

3. Oil will never run out!

Well, that's what the administration has been saying.

I made a bet with a friend one year ago that oil would be closer to $60/bbl than it would be to $30/bbl. I would lose the bet if oil got down to $39.99/bbl or lower.

I won. Big deal.

Now the experts are saying we'll quickly arrive at $70/bbl and may see $200/bbl prices within two years.

I don't even want to bet on that, even if I'm the "winner."

[madrchsod]

4. the more i read about this the more i smell-enron-

the oil engineers are not panicking about peak oil and they are the guys who actually know. new job growth in the next few years? oil engineers.

[patrice]

6. Oil and other War Contractors. I've watched the state Jobs board

for Leavenworth, as in Fort Leavenworth, for more than 2 years now. Lots of contracts floating around, but not responses to queries from a fully qualified ex-teacher with technical skills. And yet dozens of contract with the Army jobs remain on that job-board for dozens of months.

More evidence of the effort to root war profiteers in the Middle Class jobs base.

[madrchsod]

5. the more i read about this the more i smell-enron-

the oil engineers are not panicking but peak oil and they are the guys who actually know. new job growth in the next few years? oil enigineers.

[Rageneau]

7. BartCop predicted months ago that oil will hit $100 per barrel

And, so far as I know, BartCop has NEVER been wrong.

The pity is that all it would take for the gouging oil companies to retreat is just a little scrutiny from the press or our public officials. Unfortunately, all the GOP officials are in the pockets of the oil bidness, and all the Dem officials are too scared of their own shadows to say squat.

[Amonester]

8. can they also predict ExxonMobil's next record breaking ups? nt

[newportdadde]

9. Bullish!! Dow 36,000!!! to the mooon!