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Oil Prices, Energy Trends & What Comes Next

True but for once we are producing more than we are using. Also lets not forget about the surplus that everyone is hording out there waiting for it to return. Also as we become more environmentally friendly the demand will go down. Plus old gas guzzelers are getting phased out and replaced but more economical vehicles. Look at what new pickup get's these days. 20 years ago this would had been unheard of.
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World-wide demand for oil isn't going anywhere. It's only going to go up, and it's going to go up exponentially. Now, if someone creates and mass produces cold fusion soon I'd agree with you, but I don't think that's happening. The U.S. and the developed world may becoming more environmentally friendly, but the third world definitely isn't. As more countries develop that is only going to increase world-wide demand. Supply and demand, it's the simplest economic theorem out there and it's always right. Oil prices are directly tied to world-wide supply and demand. Worldwide production has dropped, price will undoubtedly go up. Besides, those sheiks in the Middle East have to buy their billion dollar yachts somehow.

 
Oil just jumped to a new 2015 high
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It's truly amazing how often we are given lessons in supply and demand. Harold Hamm was just on, I think CNBC or MSNBC, talking about how he thinks that if the U.S. changed regulations and allowed for exporting of oil that the price would jump to $80 very quickly. He also pointed out how ironic he thinks it is that the Obama Administration is negotiating with Iran to allow them to export their oil, but we can't export our own. Who's side is that guy on?

 
It's truly amazing how often we are given lessons in supply and demand. Harold Hamm was just on, I think CNBC or MSNBC, talking about how he thinks that if the U.S. changed regulations and allowed for exporting of oil that the price would jump to $80 very quickly. He also pointed out how ironic he thinks it is that the Obama Administration is negotiating with Iran to allow them to export their oil, but we can't export our own. Who's side is that guy on?
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Wolf in sheep's clothing.
 
Nah, we don't need a pipeline...
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I honestly don't know if a pipeline is the answer either. I think we need a re-evaluation of safety even if that means to slow down production. It's not always about money and selling fast when peoples lives are at stake. Companies don't care though. They only thing they care about is money.
 
I honestly don't know if a pipeline is the answer either. I think we need a re-evaluation of safety even if that means to slow down production. It's not always about money and selling fast when peoples lives are at stake. Companies don't care though. They only thing they care about is money.
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Pipelines are the answer. You are wrong.
 
Pipelines are the answer. You are wrong.
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Why would you want a huge tube running across the state? Maybe if it was underground (maybe). First off it's an eyesore. Second what if it leaks. Third it's a huge terrorist target.
 
Why would you want a huge tube running across the state? Maybe if it was underground (maybe). First off it's an eyesore. Second what if it leaks. Third it's a huge terrorist target.
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You'd bury it, just like probably 90% of all pipelines in America are.
 
You'd bury it, just like probably 90% of all pipelines in America are.
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Never knew that to be honest, if they are underground then that's a whole other story. I wouldn't have a problem with that.
 
Last year there was a small stink about a subdivision that had a pipeline break underneath it. I'll try to find the link. It was an ExxonMobil pipeline in Arkansas. Mayflower? Some residents had to be evacuated.
 
Why don't they encase the pipe within a bigger pipe so if a spill were to happen the outside pipe would contain it plus could be equipped with sensors. They are already spending huge money as is might as well do something better....but I guess they want to get by spending the least they can and as unsafe as possible so they can make more while still charging us a insane amount for gas.
 
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