Date:         Wed, 23 Apr 2008 20:05:10 -0700
Reply-To:     Mark Drillock <mdrillock@COX.NET>
Sender:       Vanagon Mailing List <vanagon@gerry.vanagon.com>
From:         Mark Drillock <mdrillock@COX.NET>
Subject:      Re: Gas, milage, etc (was Air Engine)
Comments: To: Bernie <berniej@GMAIL.COM>
In-Reply-To:  <2d5213e00804231813k612ad41em78cb1ba5b2678285@mail.gmail.com>
Content-Type: text/plain; charset=ISO-8859-1; format=flowed

The article was somewhat right. Prices fell shortly after that was
written, rose and then fell way back again.  The current massive price
spike came later.

Vanagons get better MPG than many less useful vehicles. I can't see
prices getting so high that I would stop driving mine when I needed it.
I have cut back some and I may look for something with way better MPG if
this keeps up.

Mark



Bernie wrote:
>  Regarding the price of oil.
> One analysis ........read about this in the Wall Street Journal........
> It's recognized that the price of oil is on a Bubble curve now......a very
> very servere bubble - and in all speculative markets, like real estate ,
> perfect example...........when prices keep going up and up .....the bubble
> affect, eventually it collapses.
> This one analyst was saying oil will be back down to 80 a barrel by late
> summer ( it hit a mid-day high of $ 117 per barrel recently )
> ...........another guy said 50 a barrel, though that's hard to imagine.
>
>
> Just doing a google for WSJ and price of oil bubble and I get an article
> written
> in Oct 2005 and oil is 70 dollars a barrel and they are saying relax it's a
> bubble
> it will never stay there.
> Guess what it didn't stay there it moved to 117!
> Oil production has peaked and we use more than we find everyday.
> Yes there is some "hot" money in the oil market but longterm the price
> is headed only one way and that ain't down.
> China and India will pickup any slowing demand in North America.
>
>
> Bernie
> Vancouver
>