Future Watch: Price of Gas To Hit $5 per Gallon by 2020
#19
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#20
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And, unlike with us, in China, you can basically drill anywhere you want, any time you want.
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#22
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Premium gas DID reach $4 and even $5 a gallon in a couple of places, but only very briefly during and after Katrina in August-September 2005...and before states started kicking in enforcement of their price-gouging laws. Then it went back down, climbed again to $3-4 a gallon last summer, then took a long nose dive during the fall, and basically has stayed down since then.
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[QUOTE=Overclocker;2366473][SIZE="1"]Gas prices will spike to $4 per gallon by 2015 and $5 per gallon by 2020.
QUOTE]
Oh come on. Another hurricane summer and we will spike to $4 a gallon next year. Not sure who the geniuses are that were surveyed but maybe the only attitude you can take away about the price of gas with the current world situation, the vulnerability demonstrated by the hurricanes, presidential election staring us in the face, additional supply abnormalities like Iraq's tenuous oil industry stability, and so forth is that gas prices are becoming more volatile. Price stability in gasoline is getting very hard to predict. If the survey were on average gas price for the year for the country, I would say it is also on the low side. If it is for temporary spikes, it is even less useful.
QUOTE]
Oh come on. Another hurricane summer and we will spike to $4 a gallon next year. Not sure who the geniuses are that were surveyed but maybe the only attitude you can take away about the price of gas with the current world situation, the vulnerability demonstrated by the hurricanes, presidential election staring us in the face, additional supply abnormalities like Iraq's tenuous oil industry stability, and so forth is that gas prices are becoming more volatile. Price stability in gasoline is getting very hard to predict. If the survey were on average gas price for the year for the country, I would say it is also on the low side. If it is for temporary spikes, it is even less useful.
#25
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[Oh come on. Another hurricane summer and we will spike to $4 a gallon next year. Not sure who the geniuses are that were surveyed but maybe the only attitude you can take away about the price of gas with the current world situation, the vulnerability demonstrated by the hurricanes, presidential election staring us in the face, additional supply abnormalities like Iraq's tenuous oil industry stability, and so forth is that gas prices are becoming more volatile. Price stability in gasoline is getting very hard to predict. If the survey were on average gas price for the year for the country, I would say it is also on the low side. If it is for temporary spikes, it is even less useful.
#26
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Even going back to about 1985, some thought that we'd be flying in cars by around 2015. Things don't change in the auto industry as fast as we'd predict. There is to much that is hard to change.
#27
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Honda ( usually the leader in new engine technology ) is only a couple of years away from putting a hydrogen fuel-cell car...the FCX.....into production. It has already been in limited use, for evaluation, by some government organizations and automotive testing firms.
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It's not quite as slow as you think. GM has E85 ( 85% ethanol-gas ) certified engines in general production now ( mostly for trucks and large SUV's). That fuel is generally available in the Midwest, but not on the East or West coasts yet, where it is still hard to find and expensive. And it doesn't get the mileage that plain gasoline does either.
Honda ( usually the leader in new engine technology ) is only a couple of years away from putting a hydrogen fuel-cell car...the FCX.....into production. It has already been in limited use, for evaluation, by some government organizations and automotive testing firms.
Honda ( usually the leader in new engine technology ) is only a couple of years away from putting a hydrogen fuel-cell car...the FCX.....into production. It has already been in limited use, for evaluation, by some government organizations and automotive testing firms.
Mavericck stated that we're all going to be driving those types of cars in 13 years. I responded to that statement. I can guarantee that we'll still have a lot of cars running around with gasoline as a primary source of power. People would be suprised to hear that 100 years ago we had more electric cars on the road than today! 100 years of progress and we're primarily gas powered.
#29
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People would be suprised to hear that 100 years ago we had more electric cars on the road than today! 100 years of progress and we're primarily gas powered.
Interesting that you should say that. 100 years ago, there were quite a few electric cars in production, along with steam-powered ones as well. Gasoline-powered engines had not really been perfected yet, and starting them up with the cantankerous hand cranks was testy at best, and often dangerous....the cranks could kick back and injure your arm or shoulder. When Cadillac invented the electric self-starter ( either 1908 or 1912...can't remember ), it completely revolutionized the gas-engine buisness, and led to the demise of the early steam and electric cars....with their limited ranges and the time and inconvience of heating up boilers, they could no longer compete.
Last edited by mmarshall; 01-21-07 at 05:55 PM.
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That's exactly the problem. To start with, there's a million gas stations all set up to pump gas. Does anyone really want to go though the trouble of completely changing all that? Nope. Nevermind all the other industries catered to serving gasoline and gas powered vehicle needs. It will take a tremendous amount of work and time and billions of dollars to switch to a complete alternative.
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