Time for the crazies to come out onto the Bing Blog comment board!

Right-wingers, your line is “If those stupid hippies let us drill in Alaska, all our problems would be solved.”

Left-wingers, your line is “If those ignorant jerks bought hybrids and recycled, all our problems would be solved.”

Me, I just hope someday soon I’ll be able to pop into a Tesla or Wrightspeed dealership to buy my next car…

I am ok with $5a gallon. The slow bleeding is the reason for resistance to acceptance of new technologies. Let’s get it done and get it done now.

America has been laughing at Europe for years because of their girly forms of transportation. Guess who is lauging now?

The current price of oil is driven by speculation, not supply and demand. Oil is currently in a speculatory bubble, and it will eventually pop especially if we see a global economic downturn. Short oil if you’re smart and have the stomach for commodities trading.

Grow our own oil fram alaga and watch the fossil fuel drop down to 10.00 a barrel

Bing: You, and this posting, are classics. This is why we come to you; visionary thinking and wit inextricably laced.
It’s akin to putting the frog in boiling water instead of cold. I just hope the right people read it.

This person is crazy.

Let’s start with scaling back to once-week-mail delivery.
Isn’t pretty stupid to be driving all those little trucks to every house in the nation 6 days a week?
I only look at my mail about once a week anyway. Stamps can go down in cost for a change.

My home in the city and job off the subway downtown are really starting to pay off right about now.

the reason for gas price keep going up because of people like you, keep giving out all the bad news;stupid

Read the book called The Long Emergency, much of what BING is saying was predicted long ago…

At least someone knows what’s going on.

One word… Horses

I say let them run up the price of oil. Eventually something will happen either the country itself will come to a grinding halt or the people will take over the oil. Nature has a way of evening the playing field.

I want back the four minutes it took to read this drivel… is the Bing Blog supposed to force open laughter?

Does anyone else smell a bubble? Your right Bing no one can predict the future. But history has shown us that when the herd is headed one way, the best thing to do is to go the other(remember housing, dot com the last energy crisis). Does anyone remember elastic and inelastic principles from their econ class? Next thing you know we will have to be giving banks more money because they invested heavily in the oils futures market, because someone predicted $1000/barrel oil.

Before this happens, the President would declare a national emergency and all environmental laws would be placed on hold. So that oil drilling and nuclear reactors would spring up everywhere.

I think the whole point of the story is that some of the big financial company’s have got a corner on the oil market. How else can you explain Goldman Sachs being able to determine the price of oil. Last time I checked their niche has nothing to do with finding oil, drilling oil, refining oil, ex. So why do they know so much about an industry they have little involvement? They don’t and they will speculate high oil because they are now vested in to energy and when the bubble pops the Fed will not be able to recuse them again because the rate slashing can only go so far.

I’m making my plans to start a commune on my land tomorrow! Now if I could just find a cult leader who’s in favor with the richies. Hmm….

We need a new approach:
2 child policy in America,
1 child policy in China and India,
0 child policy in Mexico and others.

This will reduce demand for oil.

Perhaps we need those high energy prices to teach us a lesson. Why do we need those big Mac Mansions, the big SUVs? And we are living in a throw-away society The higher energy prices hopefully will return us to a more energy-efficient country. We can all pitch in not to be so dependent on foreign oil.

The price will not go that high because no one will pay that much. The price you see today is a futures price and who wants to get caught with a price that high? No one.

WAR!

As the price of gasoline and other fossil fuels continues to increase at a rate faster than wage growth, more and more people will make more and more changes to their lifestyles.
I’ve already seen one person, who is so opposed to Green and PETA concepts and such a happy glutton that I almost fear for the lives and safety of vocal vegans who get near his flashing fork, trade his “I like it because it’s big” minivan for a “I like it because it’s fuel efficient” subcompact.

I have spent the last 5 years making efficiency improvements to my home, one by one.

My next two vehicles to purchase, and the order is not yet determined, are a Ford Escape Hybrid and an Aptera Type-1h.

My next home improvement objective is a SEER 20 upgrade to my A/C system.

I work with a bunch of ornery, fairly well-paid people. Most of them are starting to make real changes in their energy use. The only green that matters is money in my pocket.

We are going to continue to choose the cheapest way of doing things regardless of the consequences, unfortunately, the barometer of our country is measured in $, being the easiest to quantify, and not something more along the lines a ‘quality of life’ measurement…whatever that may be…

in the end, we ARE going to get what we deserve, whether that be doom and gloom or a fairytale ending…its a bit unfortunate, though, that there is such a minority that get to choose the ending for the rest of us

I work at the NSA and at $208 a barrel the world economy begins shrinking at an uncontrollable pace and the government has plans with China and Russia to attack iran, iraq and saudi arabia with bombs that kill people not destroy infrastructure and sieze the oil supply to stabilize the price at $140 a barrel, which is seen as the optimum pricing to meet global demand and promote investment in other alternative energies simultaneously.

$1000/barrel = $29.50/gal

House of Dragons people, house of dragons.
Greed rules and they won’t do anything about it.

I have a complete view. I do believe that the barrel is going to 10$ over the next 5 years. Why? Have anyone here about the physics research based on the Lie groups. If these searchers are correct then we should be able to produce energy at extremely cheap level based on neutrinos.
Is the current spike driven by an organized scarcity (by the oil business) to maximize their revenues before the decline?

I believe you. Bring it on.

Um, that’s rather contradictory. If an average coop in NY or LA goes for $50 mil, then gas at $27 a gallon is dirt cheap. Nah, things can’t be that great.

You might as well add the prediction of WWIII. Before the U.S., China and Europe let themselves be raped into the 19th century, you’ll see them make a land grab for any country with oil. Don’t you think Venezuela with all that oil should be saved from Chavez?

All you have to do is google Peak Oil and everything you see around you starts making sense. Our entire population base is built on an irreplaceable, finite resource that must be at an extremely low cost for civilization to function. Once demand outstrips supply, as it nearly is now, that’s when the real fireworks happen. If you need it to live, is $1000/b too much? You can think of it like heart replacement surgery. If you have the money, you get the heart. If not, you probably die. Oil is as necessary to modern life as a heart is to you or I. Green energy is just a ridiculous red herring. Drilling more is a red herring too, because the easy oil is already gone. Those who are paying attention are preparing themselves for what is coming. For many it is already too late.

I agree with Bing. What’s stopping it from going to $200 next month?

And it doesn’t really matter how much Americans stop driving… until the planes stop flying, the military stops its thirsty habits, and China and India crash, demand will continue to escalate.

My suggestion? We need a Do Not Drive or Fly Day once a week.

Let’s say oil goes to $1000 and translates to $33 per gallon. May be that will necessitate Americans to live prudently. For too long we have relied too much of what we have gained in the past and borrowed even more from the future. With the republicans selling out our enviroment and the democrates spending like there is no tomorrow, I hope they both fall flat on their faces.

Why is everyone in the instant graticfication generation so upset by this temporary inconvenience.
We haven’t had a major extinction event in 65 million years; and it’s about time we gave natural selection a boost .

Never mind $1000-a-barrel…It would only take a decade or two of current prices to cause these kinds of scenarios (take a look around if you don’t believe me). By the time oil trades for $1000, our grandchildren are going to be fighting Mad Max in the Thunderdome.

We built a whole civilization on this stuff folks, a civilization that has NO FUTURE, and we had better come up with something new very soon if we want to continue anything that resembles the “American Dream.”

Humankind survived before we used oil. We will survive after we stop using oil. Things will just look more like they used to.

-more people will be farmers
-people will consume less
-people will travel less

It won’t be the end of western civilization . . . well maybe it will be if everyone starts slingin’ nukes.

In reflecting on the “1974 OIL EMBARGO” and the price run-up of oil at that time, I recall a statement made by “RALPH NADER”: “THE WORLD IS DROWNING IN OIL”!

Are the “MARKETS” so “INEPT” that they will manufacture oil consuming products in an enviornment that has “NO OIL?” to “CONSUME”?

Ralph Nader, where are you?

It’s misleading to say that “nobody knows what’s going to happen.” The realities of geological constraints on petroleum extraction have been known since Dr. M. King Hubbert presented his theory on the peak of oil production in 1956.

Roughly the first half of the well is relatively easy to extract, with an increasing rate of production over time; the other half is more difficult to extract, with a decreasing rate of production over time. The bell curve for one well also describes the production rate of all wells combined. There is a growing consensus that we are now at or very near the peak of world oil production. After the peak (which will only last a couple of years), global oil production will decrease year after year, irregardless of demand, price or infrastructure.

While $1000 oil won’t likely happen within the next two years, it probably will within the next ten. And many of the dire consequences noted in this blog entry will be realized.

It is likely too late to avert the worst of this crisis. There was an opportunity thirty years ago, but it died a political death at the hands of greed, desire for luxury and want of ease. Only a universal spirit of self-discipline, moderation and conservation could have averted this disaster, but this spirit is rarely found in this age.

The fault in your predictions is that we will have WWIII (or IV – who’s counting) if the price of oil reached $1000 by 2010. With drastically reduced world population, there will be drastically reduced demand.

Life as we know it is over. I’m building a shelter in my basement, a garden in my backyard, and I’m collecting an arsenal of weapons to defend my home and family. I suggest the 30mm rapid fire automatic machine guns. I have 4. One on each corner of my home.
God Bless the USA!

Today is a banner day on this blog. First, I love it when we all get together and trade paranoia and predictions of doom like this. But that’s not the real event to celebrate. Up until now, my favorite comment of all time was from a reader who wrote in simply to say “Your stupid.” The spelling is rendered as it was sent. But today’s missive from doc, who lives in Hebron, IL, trumps that gem, if only by a little bit: “I want back the four minutes it took to read this drivel… is the Bing Blog supposed to force open laughter?” Yes, Doc! It is! Thanks for writing! I wish you could see the smile on my face right now!

FWIW, my favorite alternative energy vehicle has an average speed of 15 mph on rolling hills, higher on the flats, and reaches 40+ mph down hills. I’m hoping to upgrade the engine over the next few months to up that average speed, since it will be nice riding weather.

I love my bike.

AWWW MAN!

In Norway we’re already paying between $15 and $20 for a gallon of gas, and we’re driving just as much as ever before. You just have to learn to prioritize..

$1000 barrel of oil? It’s possible.. But not with the scenario you point out. The cost of oil skyrockets because it’s demand is outstripped by it’s supply. The world produces less oil than it needs. In your scenario, the demand will drop dramatically. Nobody will drive or fly or live in the suburbs. With such a dramatic decrease in the demand, a glut of oil will ensue and the OPEC will have to lower it’s price before it runs out of places to store it. Also, hybrids are a mere bump in our forward progress. Alternative fuels are where it’s headed. CNG, Hydrogen, Electric. Those technologies will also lower our demand for oil without a detriment to our daily lives.

Bing! You are such a trouble-maker! Your blog was a headline on CNNMoney and now look what you did…

- Dow lost 227 points.
- Oil up $4.19.
- Fed basically saying we’re screwed.

I blame you!

(Just kidding, and happy late birthday.)

Is there a similarity between the “OIL EXECUTIVES” today and the “TOBACCO EXECUTIVES” of yesterday testifying before the “U.S. SENATE”?

“BIG TOBACCO” relented with repentence! Can “BIG OIL” be the next “CARTEL” to relent and repent?

Will “CONGRESS” lead its “CASH COW” (tax-payers) to pick up the “TAB” for “CORPORATE AMERICA’S” exploits like they did the “SAVINGS AND LOAN” debacle?

Bing,
Don’t try to scare me or else I
will sell my Cadillac escalade
and hummer SUVs to you. just
kidding… I don’t think that
will ever happened. The price of
oil is largely driven by the
demand and most of all by the
speculators. These speculators
are the one who screwed the
mortgage industry and now they
are trying to do again in the
oil industry. bustard..

Yes Bing…i do understand what you mean to say….and i think thats good…just kidding…. but i do hope that people do control their consumption of gasoline like in the U.S the ratio of cars to people is crazy 1:1 but in other developing countries have a 1:30 ratio. So I believe that US should control their spending.

.

YES, it CAN happen soon!!!

so, start build NOW many alternative energy power plants!!!

I’ve a suggestion to build CHEAPER amd much ENERGY-DENSE Wind Power Plants:

http://www.gaetanomarano.it/articles/028energy.html

.

All: What happens if China or Russia invades and seizes Iran or Saudi and takes over the oil for themselves, cutting off distribution to competing nations? And I don’t mean invade like we do, I mean invade like serious people with conquering on their minds without a lot of concern for hearts and minds. If we see the concerns of a Peak Oil scenario – and heck, it’s on the front page of the WSJ today (5-22) – then you know Russia and China see it. They seem to have a heap more ruthlessness than we do, and it might be that ruthlessness is what would be needed. Oil peaks for all of us and then supply dwindles, but how long could China or Russia run if no one else got the oil? Seems like a real possibility to me.

Soon we will be replacing the gold in Ft. Knox with barrels of oil.
The dollar will be useless because no one will have any and you won’t be able to drive anyway because everyone will be living on the streets.

Okay, and since our worthless “leaders” are still cashing in big, when we we launch the tax revolt and stop paying???

IRAQ…WILL be our 51st state. After all we’ve already paid for it!

We are getting all screwed and no one is doning a damn thing about it. When the President does nothing that should tell everybody to get a third job so he can buy another Mansion.

Is the handwriting on the wall? for those of us who can read-yes! We all need to downsize our consumption of petroleum products, not just gasoline. With an economy that is suffering we alos neeed to buy locally and put americans back to work, not just for today, but for our children. When you purchase something you need to be asking yourself what country it came from? and when you start complaining about what the government needs to do, you need to ask yourself why I bought the new Hyundai, Kia, Nissan, mitsubishi etc.. Its’ your money, what little there is. Save it, invest it and investigate where you spend it. America is fast becoming owned by other countries, where do you want your children to live now?

will stop paying money for oil oil should be free

THIS CAN HAPPEN IN REALITY GUYS………just that dollar will be worth a yen as of today and demand remains the same…..nobody cries in horror in japan when someone says “1000 yen a gallon “..it’s already there!

THE END IS NEAR OHHH NO… yeah we will eventually go to war with them then the us and the rest of the world will use up all of the oil and still not have much of an alternative source to speak of..

“We haven’t had a major extinction event in 65 million years; and it’s about time we gave natural selection a boost”

Waitaminute Tom… you’re suggesting we off ourselves to solve the oil problem?…

1000 a barrel, Not gonna happen, the US economy will have collapsed long before that happens. 170 perhaps, maybe 190. 12 to 18 months before the end is in sight for even the most doubtful.

I’m amazed we don’t have more dissenters chiming in.However I’m more concerned with our apparent NSA person speaking up and no one commenting on it. Has the US, Russia, and China really pre-arranged a deal for this? I find that hard to believe.

I think that wells and fargo will soon be escorting tanker trucks to make their deliveries, either that or armed guards riding with the tanker trucks to prevent hijacking

I’m amazed we don’t have more dissenters chiming in.However I’m more concerned with our apparent NSA person speaking up and no one commenting on it. Has the US, Russia, and China really pre-arranged a deal for this? I find that hard to believe.

Posted By WDM in Raleigh, NC :

Not gonna happen, mister NSA has his head up his backside. Any military intervention by anybody would lead to total collapse of the world economy.
I am amazed that the Iraqis have not seen the obvious way of making the US leave by blowing up their own oil infasructure instead of fighting troops.

Supply side economics has a new meaning for the world

Here’s the real scenario,There is a supply and demand problem now and in the future,however speculation has driven the price per barrel up $40 to $50 dollars higher than should be.Oil may go up to who knows what but it will fall like most bubbles and eventualy settle back to the true supply demand market value.
In the near future 2-3 years Americans will have traded in their SUV,s and fullsize trucks.This market is currently at over 50% of all sales in the U.S. It will shrink to 20-25 percent of the market.The ones who traded in their fullsize SUV’s that average 13-18 mpg will most likely downsize to larger crossovers that get 20 to 23mpg.This is a big drop for the largest car market in the world at 15 to 17 million new vehicles per year and 40 million a year used. So consumption in the U.S will go down, but will it be enough to offset the explosive growth of China,India and Russia.China is the second largest market at approximate 6 million vehicles a year (but growing at 20% per year) with a very small used car market.Add India with a $2,500 new car for the masses and Russia on it’s way to becoming the largest European car market and you can see how automobile oil consumpsion will continue to increase in the next 10 years.
The oil company’s and petro national country’s have all the incentive to explore and drill like crazy now,that they didn’t have in the not so near past.They will find it and yes they will sell it and the beat goes on and on.

If we don’t get control of the “greenies” and get to building many more coal fired generating plants NOW, then the lights will literally go out, homes in the greater Northeast will freeze-up and then all hell will break loose!!

It’s not too late yet. We’ll go to school and study Petroleum Engineering. This will be the sector that will boom in the next century. Tell your kids, friends and relatives to take up this field in engineering. We might be able to convert sea water into gas. Who knows… what do you guys think …any scientist here?

I hate to be the one to crash the doomsday party, but check out the link below. This is only one example of a number of companies that are currently working on advanced solar technology. Long before oil runs out, utility companies will be selling us enough electricity to maintain all of our needs. In the future, everything will run on electricity, and there will be enough oil left to use for other goods (anything made out of plastic, for example) for eons. Mankind is way too clever to run out of power. It’s not going to happen.

Oil for December 2016 delivery is trading at around $140pb at the moment. With your prediction the price would jump over 70 folds in the coming few months. Not to mention the rather large gap between your prediction and the direction of the market. So did you walk the talk and invest all your assests into oil stocks, contracts, futures and etfs? Nah, you just want a bit of attention, like all the other cloumnists.

I’m going to disagree with one of your predictions because it conflicts with another. “There will be no food available that is not grown locally” is exactly why the countryside will not empty out. In fact, rural population will increase, as more people are forced back to a life off the land.

Horses and other non-petroleum based modes of transportation are more practical in the country — you need a barn for those critters, and a food supply, and someplace to spread their manure. Behemoth tractors will go by the wayside, meaning that farms will either be smaller and more numerous, or more farmhands will be hired to raise and harvest crops/livestock. Country living also lends itself better to small-scale wind/solar/hydro power generation.

As for those who remain in the city, they will have basically three options for transportation — walk, ride a bike, or electric-powered mass transit.

Temporary solution? How many shares of Exxon would someone need to own to receive dividends enough to cover cost of gas at the pump as it rises??? ie. is there an algorhythm for this???

Make that algorithm.

Everyone reading this page needs to go to http://lifeaftertheoilcrash.net . You will quickly learn that there are no alternative fuels that don’t take oil to make. We all need to wake up and take responsibility for our waistfull shortsighted habits. 1000 dollars a barrel is not neccessary to see the changes in which you speak of. When we are at 200 a barrel, our economy will have already colapsed. Don’t just reply to this blindly, go to the website I previously mentioned and look at the facts about oil, our economy and alternative fuel. Everything in your life has oil involved. The best alternative fuel I have personally seen was invented by Stan Meyer. Unfortunately, he was mysteriously killed in 1995.

I am so tried of the Fat Cat in Congress parading around in hearings acting like they are going to do something about high oil prices then going play golf with the oil industries leaders.

If you aren’t going to do something the high price of oil, please stop insulting the American people and stop wasting our tax dollars, while subsubizing the oil industry.

DRILL THE ARCTIC!!!

It’s too late already — if it’s business as usual.

The solution is two-pronged: radical conservation, to buy ourselves some time to develop a new energy economy, and bipartisan support fora 12-year energy plan whih includes massive, DARPA-style investment in energy R&D. The market is just too slow to go it alone.

Coal isn’t a good answer. Supplies are more finite than most would lead us to believe, and the environmental and health damage it would cause is unthinkable.

Time to get cracking. The clock is ticking.

I say what ever the price of gas is we should make the price the same for everything we sell them. Five doller gas, five dollar a pound corn, five dollar a pound soy beans, five dollar for anything that our country sells to them. Let um eat sand….

Why don´t you write about ocean power. There is all the electrical power anybody could wish for – at very reasonable prices. With this we can have unlimited hydrogen, to drive our cars and planes- much cheaper than uing oil and not polluting either.

What’s going to happen when the US economy collapses?? I’ve always thought that our whole economy is based on cheap energy, period. If you haven’t read the book “Patroits” by James Wesley, Rawles (ISBN 13: 978-1-4257-3407-7), then you should. A novel about what’s in our near future when we can’t afford gas anymore. June 23 “While you were out” is right on.

this is way more than I can text msg to my friends driving everywhwere talking on their cells.

I say BRING IT. I calculated I can still drive my Prius at $2000 a barrel.

Here’s how I got there:

There are 42 gallons in a barrel, so $2000/barrel is $47.60 per gallon. I get about 47.6 miles per gallon, so it would cost me $1/mile to drive around. If I carpool with 3 other people, this drops down to $.25/mile. THIS IS ALREADY WHAT STUPID SOLO SUV DRIVERS ARE PAYING TODAY. Gas here in California is $4.76/gallon, and the BEST (highway) mileage for those SUVs is 19 mpg – which (surprise!) is costing the driver $.25/mile.

So, even with oil at $2000/barrel, I’d be able to get around with three car-poolers. And since they’d be leaving their (more guzzling) cars at home, all it would take for the world to get around at $2000/barrel is for the 75% of the population who have the least efficient cars to carpool with the 25% who have the most efficient cars.

Now, as far as how to power the semi trucks that bring us food, medicine and everything else, well, we could convert them to run off of BIOgas (natural gas from landfills and wastewater facilities) – yep, we can run them on crap!

Giving public assets as blackmail to big oil companies to get lower gas prices has never worked. Yet, republicans continue to insist that we should contine to give more public assets to big oil companies and wait for them to lower gas prices…eventually. How long do republicans want voters to continue playing “blackmail fool and high gas price victim” to big oil companies?