Gas Will Cost $12-$15 Gallon By Year ...

Gas Will Cost $12-$15 Gallon By Year 2012-2015

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CharlesTMaxwell

Forsyth, MO

#1 May 22, 2008
Oil Shortages Start in 2010; Peak Oil Hits 2012-2015

EnergyTechStocks.com had a very interesting post on peak oil based on an interview with

Charles T. Maxwell.

Maxwell spent 40 years on Wall Street, plus 12 years before that working for a major oil company, a lifetime of experience.

Now a senior energy analyst at Weeden & Co., Maxwell is known as the “dean of energy analysts.”

Princeton and Oxford-educated Maxwell has laid out in stark, uncomplicated terms what might be called the

“Nightmare on Main Street.”

Some key points from the first of four posts in EnergyTechStock.Com :

There is only about 1.2% more oil available each year, not enough to keep up with 1.5% annual demand growth.

Between now and 2010, this supply shortfall will be made up through a drawdown in inventories, helped out by a slowdown in demand in 2008 and 2009 due to a recession or near-recession in the U.S.

In 2010, the shortfall will become greater than can be made up by what’s still in inventory, thus beginning a period of global oil scarcity that will lead to a “peak” in conventional oil production in 2012 or 2013.

It gets even worse in 2015, which is when he expects a peak in the production of all liquids, a category that includes condensates, tar sands oil and biodiesel.

By 2025,“We can create some answers.” He explained that both plug-in electric vehicles and cellulosic biofuel are “wonderful ideas”; however, given that it takes 10 to 15 years or longer to turn over the world’s vehicular fleet, such technological breakthroughs won’t happen quickly enough to prevent the nightmare from happening.

In part 2 he forecasts $12 to $15 dollars a gallon gasoline "in a few years" with oil at $180 a barrel in 2015 and $300 a barrel in 2020.

Not too far from what I expect, based on a "virtual" consensus that I have created in my mind.

I don't have any idea whether his price forecasts are anywhere near reality, as few will stick there neck out that far on prices.

I know the long term trend is up and any short term decreases are just a blip in the trend.

Posted by: Marcus | February 05, 2008 at 11:03 AM

The only thing I don't see is how a 100% increase in the price of crude ($90 to $180 per barrel) translates into a 400% to 500% increase in the price of gasoline ($3 to $12-$15 per gallon).

Even with crude at $300 per barrel, gas should still be under $10 per gallon to maintain the same profit margins, in fact I don't see the cost of refining increasing at the same levels (or will refinery worker salaries be increased by 400% also?), so profits would be much bigger in proportion as well as in total.

Or is he projecting much larger taxes on gas at the pump?

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http://thefraserdomain.typepad.com/energy/200...
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Ryan Dwyer

Milwaukee, WI

#2 Jan 14, 2011
The panic of just $5.00 a gallon will send the world into panic and great depression. Food prices will rise to extreme prices, fighting will break out and as much as 50% of job feilds will close, wars will break out over who controlls the oil and the possiblity of nuclear warfar isnt far off. It will send us back into the middle ages. You may read this and think bs but its comming and your haste to take the warnings, the government has been hiding this from us but in indian its already happening. Once gas goses up so dose everything else, while your pay stays the same. I am 16 and i have been trained to survive this since i was born. Good Luck

Since: May 10

Ava, MO

#3 Jan 15, 2011
you people are nucking futs ! Worry, worry ,worry haven't you heard it all comes to a end in 2012 ! LOL
Phillyflame

Omaha, NE

#4 Jan 19, 2011
The panic of just $5.00 a gallon will send the world into panic and great depression. Food prices will rise to extreme prices, fighting will break out and as much as 50% of job feilds will close, wars will break out over who controlls the oil and the possiblity of nuclear warfar isnt far off. It will send us back into the middle ages. You may read this and think bs but its comming and your haste to take the warnings, the government has been hiding this from us but in indian its already happening. Once gas goses up so dose everything else, while your pay stays the same. I am 16 and i have been trained to survive this since i was born. Good Luck

Maybe since you are so well trained you can learn proper grammer and spellin'!!
College educated Marine

Ann Arbor, MI

#5 Mar 11, 2011
Ryan Dwyer wrote:
The panic of just $5.00 a gallon will send the world into panic and great depression. Food prices will rise to extreme prices, fighting will break out and as much as 50% of job feilds will close, wars will break out over who controlls the oil and the possiblity of nuclear warfar isnt far off. It will send us back into the middle ages. You may read this and think bs but its comming and your haste to take the warnings, the government has been hiding this from us but in indian its already happening. Once gas goses up so dose everything else, while your pay stays the same. I am 16 and i have been trained to survive this since i was born. Good Luck
Listen kid, your ideas do have a basis but you have obvioulsy been brain washed by you parents into this paranoid state of mind. I too am a survivalist but don't start spouting off radical THEORYS like this as if its gospel, you just sound like a dumb kid.

“ Dump Obama November 6, 2012”

Since: Jan 11

Flush it.

#6 Mar 11, 2011
Ryan Dwyer wrote:
The panic of just $5.00 a gallon will send the world into panic and great depression. Food prices will rise to extreme prices, fighting will break out and as much as 50% of job feilds will close, wars will break out over who controlls the oil and the possiblity of nuclear warfar isnt far off. It will send us back into the middle ages. You may read this and think bs but its comming and your haste to take the warnings, the government has been hiding this from us but in indian its already happening. Once gas goses up so dose everything else, while your pay stays the same. I am 16 and i have been trained to survive this since i was born. Good Luck
So you are saying not much will change?
common sense man

Kissimmee, FL

#7 Mar 11, 2011
College educated Marine wrote:
<quoted text>
Listen kid, your ideas do have a basis but you have obvioulsy been brain washed by you parents into this paranoid state of mind. I too am a survivalist but don't start spouting off radical THEORYS like this as if its gospel, you just sound like a dumb kid.
.. don't agree with You on dumb kid
Duh

Covington, IN

#8 Apr 8, 2011
What do you mean trained? I agree with "College educated Marine" your just brain washed, i highly doubt that gas prices will hit 5.00 by next year and even if they do the world is not going to end. Humans will find another power source to run their cars, from the simple, electricity, or the complex, fusion.

“Somebody Stop Me”

Since: Nov 08

Branson

#9 Apr 8, 2011
waterdogg wrote:
you people are nucking futs ! Worry, worry ,worry haven't you heard it all comes to a end in 2012 ! LOL
I wouldn't have to leave a comment if they had an ostrich icon in the judge feature.
dresden

Chicago, IL

#10 Apr 11, 2011
Good, it will keep you poor people and your 1985 pieces of crapmobiles off of the road and out of the way of us who matter.
Open your eyes people

Peoria, AZ

#11 Apr 13, 2011
Don't want gas prices to go to $5.oo/gallon and beyond? DONT VOTE REPUBLICAN!!!!!!!!! Don't believe me? Follow the money, find out who the out of control Wall Street speculators are and what party the majority belong to. Look at the legislation, look at the lack of taxation on the oil corporations and what party made it that way. Look at the Corporate write-offs and actual kick backs given based on the lack of paying taxes and what party gave it. Oil companies make BILLIONS and get paid by us tax payers additional millions and billions just for doing business with us..TAX FREE!! Don't react to this until you've done your homework. Look back to good ole BUSH. FOLLOW THE MONEY, FOLLOW THE PARTY. Don't begin to think I believe the Democrats aren't the problem. They are almost as pathetic. Dont get mad at me, get mad at the Corporations that are in every way running this country and the idiot politicians that are taking care of them. The redistribution of wealth has happened and the Republicans don't mind rubbing it in your face and lying right to you!!!! DO YOUR HOMEWORK!!!!!
Drill Baby Drill

Albemarle, NC

#12 Apr 14, 2011
It will as long as Osama is still president!!!!!!!!!!

“Somebody Stop Me”

Since: Nov 08

Branson

#13 Apr 17, 2011
G.W., a Texas oil man giving kick backs to the oil corporations....? Ha Ha. Obama, imposing drilling moratoriums after the oil rig exploded in the Gulf and insisting on keeping them in place even after a court lifted the ban, so his A. G. Eric Holder refiled the moratorium with a slightly different wording and maintained the drilling ban. Obama, who gave his good ole commie buddy George Soros something like 3.5 billion of our tax dollars recently for start up capital to collude with his commie friend Hugo Chavez, the Venezualian President, so Petrobras Oil can drill off our coast line. Obama, who is engaged in a third “Non-War” conflict in Libya, which for the second time since its inception will require our NATO alliance to turn the momentum of the conflict to allow the rebels to regain territory from the one remaining city they are currently backed into and in control of, because Obama is like a kid having a tantrum that insists on having his way. But I guess it is a “Non-War” when we aren’t actually providing the boots on the ground it will require, just the money and intelligence logistics it will take to fund the operation. Obama, who has created rampant speculation on the commodities market causing the price of a barrel of oil to sky rocket because of the ongoing turbulence in the Middle East, turbulence that doesn’t appear to have an end in sight, and that is also not confined to exclusively Libya, but is rather wide spread throughout the region.
Open your eyes people wrote:
Don't want gas prices to go to $5.oo/gallon and beyond? DONT VOTE REPUBLICAN!!!!!!!!! Don't believe me? Follow the money, find out who the out of control Wall Street speculators are and what party the majority belong to. Look at the legislation, look at the lack of taxation on the oil corporations and what party made it that way. Look at the Corporate write-offs and actual kick backs given based on the lack of paying taxes and what party gave it. Oil companies make BILLIONS and get paid by us tax payers additional millions and billions just for doing business with us..TAX FREE!! Don't react to this until you've done your homework. Look back to good ole BUSH. FOLLOW THE MONEY, FOLLOW THE PARTY. Don't begin to think I believe the Democrats aren't the problem. They are almost as pathetic. Dont get mad at me, get mad at the Corporations that are in every way running this country and the idiot politicians that are taking care of them. The redistribution of wealth has happened and the Republicans don't mind rubbing it in your face and lying right to you!!!! DO YOUR HOMEWORK!!!!!

“Somebody Stop Me”

Since: Nov 08

Branson

#14 Apr 17, 2011
Obama, who when he was a candidate, railed against several entities, spouting off about “Change”; those entities primarily being, Petroleum Companies, Pharmaceuticals, Insurance Corporations, and Financial Institutions. Obama, pontificating about the change he realized resulting from legislation passed related to the formerly stated industries, which amounts to taking credit for reforming industries that were at the top of the Fortune 500 List, and who still maintain their lofty statuses on the List . Perhaps because the lobbyists from the very industries he was barking about reforming sat right in on the conferences where the legislation was drafted. DON’T VOTE REPUBLICAN?:Yeah, VOTE DEMOCRAT instead, and when the country implodes don’t complain. Bush is a rat who exhibited cronyism to his buddy Chaney, Halliburton’s lap dog, also the oil industry, him being a resident of the area containing the largest concentration of domestic oil producing operations, and finally being a war monger he caused instability in the commodities market just like Obama’s “Non-War” campaign is doing, or Obama, who is a total phony, spouting off about societal change, and instead only delivering on an expansion of existing entities power, while at the same time prosecuting his obsession with turning us into a third world country while immersing us into all the kooky global initiatives promoted by the United Nations. Yeah, if you want to be part of a “One World Country” vote DEMOCRAT!
Open your eyes people wrote:
Don't want gas prices to go to $5.oo/gallon and beyond? DONT VOTE REPUBLICAN!!!!!!!!! Don't believe me? Follow the money, find out who the out of control Wall Street speculators are and what party the majority belong to. Look at the legislation, look at the lack of taxation on the oil corporations and what party made it that way. Look at the Corporate write-offs and actual kick backs given based on the lack of paying taxes and what party gave it. Oil companies make BILLIONS and get paid by us tax payers additional millions and billions just for doing business with us..TAX FREE!! Don't react to this until you've done your homework. Look back to good ole BUSH. FOLLOW THE MONEY, FOLLOW THE PARTY. Don't begin to think I believe the Democrats aren't the problem. They are almost as pathetic. Dont get mad at me, get mad at the Corporations that are in every way running this country and the idiot politicians that are taking care of them. The redistribution of wealth has happened and the Republicans don't mind rubbing it in your face and lying right to you!!!! DO YOUR HOMEWORK!!!!!
Freddy

Madison, WI

#15 Aug 16, 2011
DRCarp, So what do you suggest?
kaos

Naperville, IL

#16 Dec 22, 2011
sorry stupids but oil has already peaked and there are many studies saying so but no one wants to believe it. Oil shortages are going to greatly increase the price of gas and oil based products (as we have all seen with our own eyes) in the next few years. We will not see that all the oil is out of the ground until we already have it in barrels and at that point it will be to late and with in a few years all the reserves in the world will only be enough for a few years. We are F'ed.
kaos

Naperville, IL

#17 Dec 22, 2011
dresden wrote:
Good, it will keep you poor people and your 1985 pieces of crapmobiles off of the road and out of the way of us who matter.
ppl like you are what is wrong with this world, just so you know you don't matter at all and this world would be much better off with out idiots like you. retard
t-smegma

Claremore, OK

#18 Dec 23, 2011
Ryan Dwyer wrote:
The panic of just $5.00 a gallon will send the world into panic and great depression. Food prices will rise to extreme prices, fighting will break out and as much as 50% of job feilds will close, wars will break out over who controlls the oil and the possiblity of nuclear warfar isnt far off. It will send us back into the middle ages. You may read this and think bs but its comming and your haste to take the warnings, the government has been hiding this from us but in indian its already happening. Once gas goses up so dose everything else, while your pay stays the same. I am 16 and i have been trained to survive this since i was born. Good Luck
jacking off is not very good survival training kid!
t-smegma

Claremore, OK

#19 Dec 23, 2011
Open your eyes people wrote:
Don't want gas prices to go to $5.oo/gallon and beyond? DONT VOTE REPUBLICAN!!!!!!!!! Don't believe me? Follow the money, find out who the out of control Wall Street speculators are and what party the majority belong to. Look at the legislation, look at the lack of taxation on the oil corporations and what party made it that way. Look at the Corporate write-offs and actual kick backs given based on the lack of paying taxes and what party gave it. Oil companies make BILLIONS and get paid by us tax payers additional millions and billions just for doing business with us..TAX FREE!! Don't react to this until you've done your homework. Look back to good ole BUSH. FOLLOW THE MONEY, FOLLOW THE PARTY. Don't begin to think I believe the Democrats aren't the problem. They are almost as pathetic. Dont get mad at me, get mad at the Corporations that are in every way running this country and the idiot politicians that are taking care of them. The redistribution of wealth has happened and the Republicans don't mind rubbing it in your face and lying right to you!!!! DO YOUR HOMEWORK!!!!!
your an IDIOT! Taxing big oil will just raise prices more you brainwashed democratic stooge! Follow the money to Nancy pelosi and Harry Reid. They are the biggest insider traders of all you Obama Muslim loving MORON!
TheMan

Whitehall, PA

#20 Jan 23, 2012
Hey, look on the bright side, if we go back to riding bikes everywhere we wont have to worry about gas or the fat people because we'll all get exercise! Positive thoughts people

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