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Cars and Cappuccino
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Remember "Peak Oil"?
I figured some could use a smile in light of recent market events.
https://en.wikipedia.org/wiki/Peak_oil#/media/File:Hubbert_Upper-Bound_Peak_1956.png
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http://www.carsandcappuccino.com 1987 Grand Prix White "Outlaw" Turbo Coupe w/go-fast bits 1985 Prussian Blau M491 Targa 1977 Mexico Blue back-dated,flared,3.2,sunroof-delete Coupe 1972 Black 911 T Coupe to first factory Turbo (R5 chassis) tribute car (someday) |
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01-16-2016, 04:54 AM
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I don't believe there is any real correlation between the market and the realities of finding new supplies of easily accessible oil. I've heard from our local oil refineries that good crude is long gone and what we have now is more difficult to process waxy crude. Basically the quality has diminished and is not coming back. The market is manipulated beyond belief. I don't mind the cheap gas while we have it though.
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1984 Porsche 911 |
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01-16-2016, 08:26 AM
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Join Date: Aug 2009
Location: PNW
Posts: 2,977
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And once the OPEC competition (tar sands, etc.) is halted then the price/bbl. is going to go back up.
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'84 Carrera Cabriolet |
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01-16-2016, 10:13 AM
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Make Bruins Great Again
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Prices will go back up right after the elections in November.
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-------------------------------------- Joe See Porsche run. Run, Porsche, Run: `87 911 Carrera |
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01-16-2016, 10:31 AM
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1966 - 912 - SOLD
Join Date: May 2008
Location: oak grove, OREGON
Posts: 3,193
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oil will hit $18 before it goes up-
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i was too tired to be pretty last night! |
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01-17-2016, 01:02 AM
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Now, after the Embargo. will cheap high quality crude oil from Iran flood the world market?
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01-17-2016, 02:29 AM
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Registered
Join Date: Apr 2007
Location: I live on the road, I just stay here sometimes...
Posts: 7,104
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I think low prices are a tactic to starve ISIS
Look at who did not lower production for the firs time ever when prices got soft
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73 RSR replica (soon for sale) SOLD - 928 5 speed with phone dials and Pasha seats SOLD - 914 wide body hot rod My 73RSR build http://forums.pelicanparts.com/porsche-911-technical-forum/893954-saving-73-crusher-again.html |
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01-17-2016, 05:12 AM
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Max
Porsche
