Wheeldog

Please read the following quotes from an article on record oil prices written in April of last year and another that appeared today. Notice how the "record price" adjusted for inflation has jumped from $87 a barrel to $100-$110. More below:

MyWire | USA TODAY: Oil sets record as gas prices gain, too FT.com / MARKETS / Commodities - Crude oil price likely to hit peak The marked difference in the two estimates is evdence of the reluctance to accept the fact that oil costs have entered new territory and will likely result in economic impacts at least on a par with those of the early 1980s. Each time the cost of oil surges past an old record, the pundants simply move the goal posts. When are we going to admit that oil costs have crossed the goal line, and we are now in a new game?

LessGovMrPrez

Yeah I see what you are saying. This is equivalent to the pundants saying that the housing market lost 2.3% in July, but fail to give you the historical context of where it still is at overall. They do the same with jobless claims. They give you the current numbers but don't relate it to anything in the past, which would give you the overall health of where it really is.

At least I think that is what you are getting at no?

Wheeldog

That's about it. I don't necessarily believe it is a conspiracy, but more an unspoken effort to avoid uncomfortable facts. The issue of peak oil can seem almost overwhelming, especially to those who have taken for granted that there would always be plenty of energy to keep modern society humming along forever. Even so-called "experts" often go into denial when confronted by the harsh realities of shrinking oil availability. So, when the price of oil reaches new historic highs, they assure us and themselves that we still have not reached a new record.

Oil is so ingrained in our lives that it is virtually invisible. It pervades every aspect of modern living. We take it for granted much as we take the air for granted. Regardless of where you are or what you are doing, oil is touching and affecting you - and just about everyone else on the planet. We long ago surpassed the natural carrying capacity of the earth. The only thing that props up our enormous population is abundant cheap energy - largely in the form of fossil fuels. We have some really big adjustments ahead. Simply waiting until they begin to happen before preparing is like being in front of a fast moving forest fire and figuring that you do not need to run until the grass at your feet ignites.

kjhworld

[quote]Sure, the price of oil in this year will be better than in futures, it means the prices will become more and more higher, that is vey normal.
It 's why we must to find the other energy urgently now.
Did you rememmber that I said about the electricity by new technology from water system, but not from big Dams?
Now our fabrications from big Dams is no good for many reasons and dangerous!
And this technic can use normal rivers and the seas, even sable of desert.
I say again, the technic of Mr. Park Ji Sou must try to examin the chance for him but rather for human of world.
Don't forget it I am not commercian of it.
Why don't people try to contact to him?
That is real, if the other scientist can help him together make better, but have to give garant for him, that's all.