ISCA: Planet EarthThe ISCABBS forum: Planet Earth(Guardian Angel2344) - Okay. Maybe ANWR wasn't the best example to use.- June 18, 2008 Okay. Maybe ANWR wasn&39;t the best example to use. There are other, more accessible fields that we should at least explore developing.http://rss.iscabbs.com/getpost.cgi?forum=148&post=2344 (Erkki2343) - Also everyone keeps talking about these smaller fuel efficient cars like- June 18, 2008 Also everyone keeps talking about these smaller fuel efficient cars like everyone should move to them. Well unless there is a supersecret govt plot to keep families to 2 kids minimum, the minivan is here to stay. You need a vehicle big enough for all the car seats and booster seats you are required to have until your children are now 8 (soon to be higher). So once you have that 3rd kid bye bye tiny car.http://rss.iscabbs.com/getpost.cgi?forum=148&post=2343 (Knightshade2342) - Sure.- June 18, 2008 Sure. But it won&39;t stay at $4 once the oil bubble pops, so it&39;s kind of a moot point. I suppose you might see some of the effects you describe anyway from folks who even if they have $2 gas back will still be thinking "OMFG! What if it goes up at $4 again!!" You saw the same thing in the early 70s honestly, which is when Honda and Toyota began to be serious competition for GM and Ford. But eventually big cars and trucks came around again, and people still moved out of...http://rss.iscabbs.com/getpost.cgi?forum=148&post=2342 (Capa2340) - With enough time to absorb the "shock" of $4 gasoline, people won't mind the- June 18, 2008 With enough time to absorb the "shock" of $4 gasoline, people won&39;t mind the higher price. Suppose, hypothetically, that the price of gasoline was to remain at $4 for the next 15 years. During that time, people will be purchasing new vehicles. People will buy new vehicles regardless of the price of gasoline. But with $4 gasoline, those new vehicles are more likely to be smaller, efficient cars, not inefficient trucks and SUVs. Also, people will be moving to different homes, as...http://rss.iscabbs.com/getpost.cgi?forum=148&post=2340 (Rian2341) - That last is definitely true. The field is, itself, their reserve in the short- June 18, 2008 That last is definitely true. The field is, itself, their reserve in the short term, and they&39;re not concerned with having a reserve in the long term. It&39;s interesting (to me, anyway) that the latest person on the "supply is fine, it&39;s all speculation" bandwagon is Iran&39;s &39;president.&39; It&39;s a bit odd (scary, even) to see him agreeing with western analysts on anything, and makes me wonder if he&39;s using some type of reverse psychology, or what he&39;s up to....http://rss.iscabbs.com/getpost.cgi?forum=148&post=2341 (Egregious2339) - People who physically have oil -- like the SPR -- are in a perfect- June 18, 2008 People who physically have oil -- like the SPR -- are in a perfect position to short the market. They can just sell call options, and their only risk is the lost profits in case the market were to move higher. For the SPR, the obvious risk is that the people saying that this is all due to speculation are wrong, and then we either live with a smaller reserve or spend more tax money to buy back what we sold. Of course, the existence of all these players who have minimal risk in selling call...http://rss.iscabbs.com/getpost.cgi?forum=148&post=2339 (Matrix2338) - To scare the spectators who have driven up the price of oil But even I doubt- June 18, 2008 To scare the spectators who have driven up the price of oil But even I doubt it would scare them much.http://rss.iscabbs.com/getpost.cgi?forum=148&post=2338 (Knightshade2337) - The thing is... the current price of oil has nothing to do with a shortage of- June 18, 2008 The thing is... the current price of oil has nothing to do with a shortage of supply. So I&39;m unclear how increasing supply 5% does anything about the price.http://rss.iscabbs.com/getpost.cgi?forum=148&post=2337 (Knightshade2336) - 4.4 would be around 5%... total production is in the ballpark of 85 million- June 18, 2008 4.4 would be around 5%... total production is in the ballpark of 85 million barrels a day...http://rss.iscabbs.com/getpost.cgi?forum=148&post=2336 (Pluck Duck2335) - How many barrels of oil are being produced world world daily Im thinking 4.4- June 18, 2008 How many barrels of oil are being produced world world daily Im thinking 4.4 would be a decent percentage of that. Certainly enough to make an impact on aritifially inflated prices, righthttp://rss.iscabbs.com/getpost.cgi?forum=148&post=2335 |