CaptBob

Oil, Housing and the Dollar

Whew!--Thanks Bill for reassuring me I was still on Earth.
The Author has a right to adopt views from the third ring of Saturn--but---when the commentators join him in space, I have to pinch myself!.

Inflation-Adjusted Gas Prices at Record Levels as China Raises Energy Prices

It's not how much they pay, it's how much they consume!
There's not enough oil production in the world for 2 billion Chinese and Indians to go from bicycle to scooter no matter what they pay!
They're just like us-without high prices they would step up to cars!!
High prices=we give up SUV's for a Prious.
" " =They give up a scooter for a motorbike.
Either way all the worlds production is consumed!=prices stay high!

Oil Will Peak at $150-200 - Barron's Interview

Oil is strictly in a supply demand mode.
The reserves have peaked and the supply is declining--check production.
China has replaced Japan as #2 consumer.
The Chinese and Indians are increasing their demand.
Per-capita they use a minuscule amount compared to the U.S.
There are a lot more of them!

America's Energy Policy: Coming to Terms with Reality

In 1980, the U.S. Government established the Synthetic Fuels Corporation to produce an alternative to imported fossil fuels.

That was right after the 1979 Gas Crisis and the Carter Administrations answer with price controls-which put lines of cars around the block from the only station in town with gas--remember that??

Glad we're rid of that dunce--and these other Rip Van Winkles awake 28 years later to call hearings---Here's a ?? how's their synthetic fuel Corp. doing after all that time???