How long till we tell... ( Gas Topic )

[firepokemon]

Interesting but what harm will that do to the environment if you believe in that kind of thing. And I think the two that will bring major savings are optimistic at best.

Anyway thought I would reply to this since I was listening to the radio with some American on it who said in two years oil will be back to 70-80 dollars a barrel. All I thought was wtf was he smoking. I can't forsee oil dropping that far back. Barrels at 100 dollars are here for good, and I forsee oil never dropping past 120 dollars again.

[Roy Karrde]

Interesting but what harm will that do to the environment if you believe in that kind of thing. And I think the two that will bring major savings are optimistic at best.

Little to none seeing how we have advanced greatly in oil technology since the 70s where we can basically drill in places, and do almost no harm to the environment. Although of course the environmental groups will not tell you this...

Anyway thought I would reply to this since I was listening to the radio with some American on it who said in two years oil will be back to 70-80 dollars a barrel. All I thought was wtf was he smoking. I can't forsee oil dropping that far back. Barrels at 100 dollars are here for good, and I forsee oil never dropping past 120 dollars again.

Actually I could see it dropping below 100 dollars soon. The Oil companies are only making 9 cents off of every dollar, with the drop of demand, they are losing more profits each week even with the high price. Not to mention that it is speculators and taxes that are driving these prices up, the actual price should be in the 60s right now.