Jump at the pump?

[Paully_44]

Dont get used to low pump prices

Some analysts say oil could eventually eclipse $150 a barrel, maybe even on its way to $200. In such a scenario, gasoline would easily cost more than the record high of $4.11 a gallon set last summer. Oil trades at about $50 today.

No one knows for sure, but some analysts say the spike could happen as soon as next year, perhaps in 2011 or 2012.

What I really found interesting was

Another part of the problem, said Judy Dugan, research director for the nonprofit Consumer Watchdog, is that oil companies didn't invest enough in new exploration over the past several years, as they raked in billions in profits.

"They're screaming, 'Drill, baby, drill,' but they didn't invest anywhere near where they should have been investing when prices were high," she said. "Now that prices have crashed, they say prices are too low, knowing full well prices are going to go back up."

I want an alternative to oil.

[TW]

HAY POWER!


TW

[dolfan]

I do, too. I'm sick of it. BUT, the problem is that the alternative is likely to come from ExxonMobil or BP/Amoco or ConocoPhillips.

[MacUser]

I want to deregulate our own hands on our own properties that we know contains oil and natural gas. Especially now that we know Global Warming is bunk.

Oil is here to stay and autos only make up a small segment. Airplanes, Bull Dozers, Farm Eq etc will not be able to be retrofit to this new alternative energy... unless something truly ground breaking is invented that behaves JUST LIKE OIL.

Until then.. vote against anyone restricting access to our own natural resources. Then support and promote real work on REAL alternatives and not political distractions.