Comments on: Oil Prices Will Continue to Rise, IEA Reports

By: Zachary Shahan

Zachary Shahan — Mon, 23 Apr 2012 22:26:00 +0000

We certainly are, but transport. accounts for about 71% of US consumption: http://planetsave.com/2010/07/12/where-oil-comes-from-and-how-we-use-oil/

By: Harald Walker

Harald Walker — Mon, 23 Apr 2012 12:15:00 +0000

Do you have an overview of the oil usage? Most people seem to think about gasoline but while we might be able to switch to electric or hydrogen cars in time, there might be other areas where we are even more dependent on oil without alternatives.

By: Important Media Umbrella Acct

Important Media Umbrella Acct — Sun, 15 May 2011 11:35:00 +0000

nice point, Josh

By: Anonymous

Anonymous — Mon, 09 May 2011 14:32:00 +0000

Sorry, I think you failed to include your clue.

Or perhaps it got lost in the equine excretion you posted.

By: Heres_a_clue

Heres_a_clue — Mon, 09 May 2011 12:08:00 +0000

Given the fact that we are headed for a double dip recession, I will bet you anything that oil prices will fall over the next 5 years despite what the IEA may think. They are as wrong on this prediction as the rest of you CO2 zealots are on global warming and all your fear mongering predictions related to it.

By: Anumakonda Jagadeesh

Anumakonda Jagadeesh — Mon, 09 May 2011 03:37:00 +0000

Yes. Oil Prices are always fluctuating. That is why many Nations are turning to New and Renewable Energy.

Dr.A.Jagadeesh Nellore(AP),India

By: Anonymous

Anonymous — Sun, 08 May 2011 18:32:00 +0000

Let’s do massive hybridization of vehicles and cut fuel use in half by 2020.

By: Anonymous

Anonymous — Sun, 08 May 2011 17:24:00 +0000

The US might have already passed peak oil demand…

—

“Motor gasoline [consumption] is down, it is headed down. It is going to continue to head down,” said ExxonMobil CEO Rex Tillerson during an Economic Club of Washington speech in October 2009.

Tillerson
says the reasons are improvements in vehicle mileage standards, more
hybrids on the road and federal mandates to include a higher percentage
of ethanol in the nation’s fuel supply.

There’s yet another factor at play: As baby boomers grow older, they’re going to drive less.

http://www.npr.org/2011/05/08/136069839/as-oil-prices-fall-whats-happening-to-gas-prices

Of course China and India are on the rise when it comes to demand, so oil prices are likely to keep increasing as we have to go further and deeper to find oil because the easy to extract stuff is gone.

It’s pretty clear that EVs and better public transportation are our way out of this dilemma.