"RCE" wrote in message
...

"Jeff Rigby" wrote in message
...

"Shortwave Sportfishing" wrote in message
...
On Thu, 13 Apr 2006 06:37:22 -0400, Harry Krause
wrote:

Shortwave Sportfishing wrote:
On 12 Apr 2006 21:59:25 -0700, "
wrote:

Driving home this evening, I listened to a local talk radio station
discussing the probable fuel prices during the next few months. They
kept referring to an article in USA Today that projected $4/gallon
gas
prices (would probably run $5 at a fuel dock).

Anybody actually see this story and know the details?

I can't find it online- does anybody have a website address to check?

Self-fulfilling prophecy. This is a market driven by speculation and
insider information.

I saw the article yesterday and just put it away. Watching CNBC
yesterday, you had prices going from $2.62 to $6 a gallon.

My guess is it will hit a high around $2,90 and settle back once the
refineries come back on-line.

Hugo Chavez says $50 a barrel for oil is sufficient.

Unfortunately, Hugo Chaves doesn't control the price of oil. I know
he likes to think he does, but he doesn't.

At what price does harvesting oil shale and oil sand become economical.
That is the price OPEC will not want oil to reach.


You have a good point. I recently saw a documentary on shale oil and if I
recall correctly, the price is right around 50 dollars per barrel to
justify the cost. Developers must be waiting for a long term
stabilization of oil prices before having at it.

RCE

IF I remember correctly I thought it was Canadian oil sands and slightly
higher than $50 was the price point. Oil shale is harder to mine and
process. Also most of the regions that contain oil shale in this country
are under government control and that makes it harder to get at. As a
political statement we need to have in place laws outlining the sale and
recovery methods so that it won't take 10 years to get them through
congress.

That would go a long way toward stabilizing oil prices and relieve consumers
minds about our oil independence. At a certain price point we would become
100% energy independent as we process our own shale oil reserves.