Oil over $100

Today oil shot over $100 and it will keep on rising. Last month it was $74 and change, but who is counting now. Friends, this is a sign. Oh yes, of what is to come. Please do believe me. Oil cannot keep going up. Sadly, our economy is in shambles as it is. If gas continues to go up, then people have less money. Also, it will increase costs for transportation and services. Basically, inflation will pick up. That means even less money. Most of us cannot see any positives to this development if there are any.

iranian warships head for syria

Folks, things are getting a bit warm. Here is the news. Well, this just in. It seems iranian warships are heading for syria. Oil prices are rising. Situation is going from very bad to much worse. There are demonstrations all over the middle east - in lybia even. OK now that the genie is out of the bottle they cannot put him back in. Hey, this is a very angry genie.

Oil over $110 again

Citizens, this is very grim news. Oil will soon go over $110 again. This is due to rising demand from india and china that is now increasing. Well, the petroleum supply is decreasing after we hit peak oil in 2005, but politicians say all is fine now. Actually, this is not the case. Expect this year to have some expensive gas. It should not come as any major surprise.

Peak Oil

Jeremy Rifkin says that excessive oil prices cause our credit crisis. That may be so. However, peak oil is now. I predict major oil shortages in coming years. Stores have very few cars in their parking lot now. Sadly, many people are using the city bus instead of having a car. This does save money. However, I expect peak oil to affect bus fares soon.

Oil prices rising

Debunkers claim that peak oil is decades away. They seems to forget that it cheap now. The only reason gas is not over $5/gal is our current economic crisis. With millions out of work there are less people going to work everyday and less cars. However, China is growing. The supply of black gold dwindles every single day until it will be no more. Future price of oil is rising. In the last decade we saw a meteoric rise. Well, I predict in this decade you will soon see not only gas shortages, but pay a lot more.

Oil prices

Folks, yesterday I calculate that it cost me over a dime a mile to move. This restricts long journeys. Find myself using an electric assist bicycle more. John Titor did say to get a bicycle and it seems a prudent sense. I predict that oil prices will skyrocket in this decade. There is less over every day, but the demand increases. It is more than just india and china, but the whole world is becoming more reliant on technology as we go. For example, twenty years ago cell phones in africa were rare. Well, now they are common. It requires petroleum to make the plastic pieces. Sadly, our world is becoming more industrial and less agrarian. This means future price of oil will increase.

Oil near $80/b

Price of petroleum affects all other prices. Back when oil was under $50/b this year 2009 I predicted it would go over 60 soon, then over 70. and finally over 80 this year. A dumber than dog dirt debunker said that peak oil was a hoax and it would go down under 20 soon. Well, I went on to predict oil would go over 100 next year. When oil did go over 80 he said it was a sign of a recovery, but that it would start to go back down soon. Yeah when? Well, I told him "Last year oil hit 147/barrel is that sign of a recovery?" You should have seen that fools face, there was a big idiotic grin.

iran fires missiles

Today, iran fired some long range missiles in a show of defiance. They are threatening israel again. The situation is getting hot. I predict that a war in middle east involving iran will affect the price of oil. In fact, future price of oil will go up a lot.

gas goes up

While you were sleeping, petroleum prices are going up. Also, gasoline is heading in the same direction. Expect to pay at the pump a lot more soon. We hit peak oil in 2005. This means that gas should be a lot more expensive than it is now. The only thing holding it down it a terrible recession that is slowly turning into a depression.

Toyota loss

Back in August 2008 when oil was $147/b and gasoline was over $4/gallon sales of the Toyota Prius were red hot. Well, yesterday I saw the owner of a used car lots, more than one. He is full of hybrid cars. Like ten Toyota Prius hybrid cars unsold and sitting there. They are not selling because gas is now under $2/gal. Sales of Ford F150 Pickup trucks is up!

Toyota reports first ever operating loss. This tells us that people are not buying hybrids; they are not buying small cars anymore, instead they are back to getting the old big ass SUV. People please, we hit peak oil in 2005. The price of oil will go up, gasoline will be rationed in the future.

Oil heading higher

As predicted the price of oil is going up. Gasoline is going up even faster. Last month regular at the pump was as low as $1.87/gallon and now it stands at $2.39/gallon and rising. I predict that it will soon pass the magical three dollar mark.

This will reduce profits for companies and slow down the economy. We will see a return to higher inflation triggered by high oil prices. Analysts say that the current prices of of at $58/b is high and that it will hold under sixty.

Don't believe it. The current crisis in Nigeria, the sixth largest petroleum producer in the world is fueling this price increase. Expect prices to continue upward.