Fuel predicted to double in price by 2007

[MITCHAY]

Originally Posted by Unco

friday traded around $62
funny how it's come down nearly $15 per barrel since July last year, yet we're paying the same or more at the pump still...
]

I payed $1.46/l for Ultimate tonight :

Dont think it has doubled.....

Originally Posted by VeloXR6

Man I hate tree hugging hippies, and dont really care if oil does run out I will just buy a diesel and run it on vegetable oil or just walk and think about those great times I had burning up the last of the oil.

LOL same here. Hopefully by the time it runs out we will have fully sic hektic OMg LoLz mega batteries by then if I'm alive! :

[BlueRaven]

I payed $1.21... and premium was 1.29 I think... Brisbane ftw!

[AC/DC]

Who cares about how much fuel we all have left, , and who cares how much it costs. . simply beacuse when its all gone, , its all gone !

I am so sick of people whinging about the price of petrol.

Last night on the Sideshow there was a comedian that said you never hear of people whinging when they pay $2.50 for a can of coke, when you can buy it at coles hot for about 60c....

AC/DC

[troppo]

With that mining ability, a job in the oil exploration industry beckons....

[Steffo]

139.9 for Vortex 98 this morning. Nope... hasn't doubled.

[GT290]

Originally Posted by Mike Gayner

People have been saying the oil fields will dry up for years. It's just hype, oil won't dry up for a long time. Remember one of the worlds largest oil resources is sitting under Texas and has been capped for years. Even in the slim chance that the middle east runs out in the next few decades, there is still a shitload a oil in Texas, Alaska, Australia, New Zealand, hell pretty much everywhere.

Yep, they are just sitting on it. been finding oil for years in Aussie and NZ.

[Dazza XLT]

$1.19CPL for diesel yesterday.

[Vdouw]

Hey UNCO ... wat program did you use for that chart? ... looks familar was it Market Analyst?

[Vdouw]

Originally Posted by VeloXR6
Man I hate tree hugging hippies, and dont really care if oil does run out I will just buy a diesel and run it on vegetable oil or just walk and think about those great times I had burning up the last of the oil.


BAHAHAHA funny because its true... plus petrol won't run out in our life time ... the media takes the information from the source that will allow them to sell the most pappers and give them the best ratings. My lil sis is studying journalism and she says they are told to sell a story not tell the full truth ... none the less the is a truth in what they wright .. what ever that may be

[Unco]

Originally Posted by Vdouw

Hey UNCO ... wat program did you use for that chart? ... looks familar was it Market Analyst?

i used profitsource. i've heard a lot about market analyst though, just never tried it.

[Ives]

We'll be driving hover-crafts in 40 years time. We'll have warp portals etc etc.

[blur1]

47 cents per litre for lpg! :

[Rollin]

Originally Posted by VeloXR6

Man I hate tree hugging hippies, and dont really care if oil does run out I will just buy a diesel and run it on vegetable oil or just walk and think about those great times I had burning up the last of the oil.

Good plan...except the machines used to build said diesel require oil for lubrication, and oil is required to make the plastics for the trim panels to the wiring insulation...

Then you would have to run said diesel car on it's rims, because nobody could make tyres for it because tyres require oil in their manufacture.

And you would never be able to change the diff/gearbox/engine oil or regrease the wheel bearings of said diesel car, because OMG they are lubricated by oil....and said car would be unpainted as oil products are used to make paint.

Oil for fuel is the least of our dramas - EVERYTHING we make today requires oil or oil products in its manufacture - from the chair you are sitting on to the computer that is in front of you, the carpet in your living room, the bitumen on the road outside, your plates and cups and the food in your pantry.

If we run out of oil we are seriously stuffed - you REALLY want to hope it doesn't happen for a long time.

I think it will happen ~next hundred years though, because the rate of oil the world consumes is increasing exponentially each year, due to under developed countries clawing their way into the first world, and first world countries wasting so much of their resources.

Won't stop me building a 500rwhp ED though

[Dezza]

Originally Posted by AC/DC

Last night on the Sideshow there was a comedian that said you never hear of people whinging when they pay $2.50 for a can of coke, when you can buy it at coles hot for about 60c....

AC/DC

There's a big difference between paying $2.50 for a can of coke than what there is paying $90 for a tank of fuel.

[Martyvan]

Originally Posted by Unco

friday traded around $62

this is where oil was at the time the first post was made and where it is now.

funny how it's come down nearly $15 per barrel since July last year, yet we're paying the same or more at the pump still...

what can we do? nothing by the look of things :S

Also interesting that the Australian Dollar has increased in value since the first post as well (Around $0.60c to over $0.80 - Guestimate!) So in real terms, fuel should be maybe be around the same price as 2005. Which on Tuesday 5th April 2005 i paid 104.5 for Optimax.

[pottsy44]

they will make artifical oil. i imagine it would be possible. hell we can make artifical diamonds.

[AussieJason]

Originally Posted by XR8Master

LOL, thats good

What a comment to revive a 2 year old thread !

I doubt petrol will run out in less than 100 years, but we will stop using it within 50 anyway due to everyone wanting to reduce carbon emissions (well, everyone except those of us that frequent car forums).

[Green X]

Talk about thread mining.

[Unco]

^^ i think thread mining is warranted in this case. the relevance being the oiginal post's prediction for fuel price in 2007.

petrol is the least of peoples worries 'when' oil runs out; what about plastic? maybe there are substitutes for oil when it comes to making plastics but im pretty sure oil is a large part of it

Not just plastics, but i remember a lot of other everyday items are made from byproducts of oil, paracetamol was one of them from memory.

[Rollin]

As I said - EVERYTHING we have either starts out as crude oil or requires oil in its manufacture.

Then have a guess what is used to move products from factories to your home? OMG!!!! Fossil fuels!!!

[flukey77]

Originally Posted by Unco

funny how it's come down nearly $15 per barrel since July last year, yet we're paying the same or more at the pump still...

Oh this really cheeses me off!! I remember a few months ago when they had an inquiry into the price of fuel. The price of V-power suddenly dropped down fro $1.31 to $1.21, and in only a matter of months it has slowly gone right back up to $1.31 again!! At one point during this period I was fueling up at the beginning of the school holidays and I noticed that it was about 2 cents a litre more exy than when i had fuelled up about 2 days before. I commented to the cashier about the sudden rise and she said "yeh that seems to happen every holiday period". Man I was cheesed off!! Its like seeing flash for cash parked on the side of overtaking lanes, pure revenue!!

[henry 351]

Originally Posted by pottsy44

they will make artifical oil. i imagine it would be possible. hell we can make artifical diamonds.

We have synthetic oil, so synthetic fuel is certainly possible.

The Germans were using synthetic fuel during WW2 so it's nothing new really, just the cost factor associated with it.

[exrtnz]

Originally Posted by Mutley

The news tonight (6th Apr) announced fuel had hit a record ($58 US I think) and we would be out of fossle fuel in 40 years.

I suppose the only practical short term alternative is gas for existing vehicles.

How does gas effect performance?

What are the best modifications to do to an engine to maintain performance?

What mods are available that don't look ugly? I have an XY that I don't want to end up looking like a bush bashing taxi from the 80's

LOL there prediction is a long way out! there will be petrol around for at least 30-40 more years ,may even get cheaper once other fuels are created.