JREwing

The End of OPEC

About the press listening to what the OPEC chief has to say:

This is what must have been going on in Hitlers bunker close to the end.
The Sowjets are on top of the bunker, but we still talk about 'Endsieg'. CRAZY!

Folks just can't believe, that times change. 'Because it cannot be, what we don't want to happen!'

The rules of Evolution apply to everyone, not just flora and fauna but people and societies, too.

YOU EITHER ADAPT TO A CHANGING ENVIRONMENT OR YOU GO UNDER!

While we may not die, like an animal in the wilds, we will get a lot poorer, if we don't adapt.

It is fascinating. People, most of all in the business world, try to be so dynamic, they run around with their blackberries beeping and what not, but when it comes to oil they are completely baffled. It's like getting a baby from milk to solid food.

I don't understand, what's so complicated?

If the price of fuel goes up, people demand cars with better fuel economy.

It is already happening. Who would have thought, that Daimler could sell 2500 Smart Cars (here in Germany we call them ELEPHANT-ROLLER SKATES) a month in the US?

The market works. People will stop driving V8s with 25 year old engine technology and drive 6 cylinder turbo diesels instead. It took these oil prices for BMW to invent a device, that automatically stops your engine when you come to a standstill at a red light or in a traffic jam and automatically restarts the engine once you touch the gas pedal, which saves a significant amount of fuel.

The market works. The higher fuel prices get - and they will get higher
(Someone has yet to tell me one logical reason, why the per capita oil consumption in countries like China or India will be a fraction of that in the OECD countries until the end of time)- the more efficient the use of it will become.
Their per capita oil consumption will go up. Ours will come down.