Quick Post on Gas & Oil

How quickly our perspective changes…

According to CNN, oil prices have ‘retreated’ to only $107 and change on news of a surprise jump in oil inventory. A few months back oil at over $100 was a sign of economic doomsday… now it’s just business as usual. The number 100 is one of those big psychological barriers that looks really nasty, but once breached it loses a lot of its ability to inspire fear.

In a related news story about spiking gasoline prices, this article notes that prices will spike in late spring, and then return to a more normal level of around three dollars per gallon. The underlying message: $3 gasoline is now the new baseline for gas prices in the eyes of economists… it is no longer the high end of the price spectrum.

A quick plug as well… a friend of mine works for a company that has put out a new website that collects opinions about pretty much everything. I’ve registered and have been polluting the meme stream there with stuff related to energy, economics and the like. If you’re bored and have some time to kill, check it out. It could use more voters and more opinions. Here’s one of the opinions I’ve put out there… I’d link it here, but WordPress strips javascript code out of their websites.

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5 Responses to Quick Post on Gas & Oil

  1. phaedrus says:

    Three Bucks a Gallon?
    I really had not a clue.
    My Bicycle Rocks!

  2. Bart says:

    What won’t rock is the general rise in the price of everything that will be coming courtesy of both rising oil prices & the decline of the dollar.

  3. Jared says:

    There’s a meeting next week at my municipal center with the title ‘State of the City’. I plan on attending and asking what their plan for food, transportation and housing is for the future. I hope I have a chance to spread some constructive memes as well.

  4. David Houser says:

    Tried out Slantly, and it doesn’t seem all that interesting so far – I’ll definitely check back in with it, but have you tried http://www.essembly.com? You might want to give that a shot.

  5. Bart says:

    Yeah, Slantly is still definitely in ‘beta’ mode… still working on content, and there’s distinct lack of participation at this point. The idea is to get more arguments started I think, and that requires more people posting.

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