hey s2020, what do you think of avastin injections for patients with macular degeneration?

 

If I were to do it over again I would not have purchased the S.

I've been aware of peak oil for a while now, but thought we had at least 5 or 10 years until it hit. So the S was going to be my last hoorah before it did. But it's looking to me and to a lot of others that it's upon us.

China and India have been growing by leaps and bounds recently, yet crude oil production has been on a plateau. More buyers + stagnant supply = higher prices. I'm sure speculation influences the price a bit, but the underlying fundamentals of this being a supply/demand issue appear sound:



To get more oil on the market we need to find and extract more of it, but we haven't been finding significant amounts for quite a while now. And in the mean time we've been extracting more and more:



So unless a lot of new production comes online and/or severe demand destruction occurs, prices will continue to rise. A $5 gallon of gas will look like a bargain in a few years.

Here's a link to some current analysis on the issue:

http://www.theoildrum.com/node/4172

 

Drive your S conservatively, and you'll get 30mpg highway.. why would I take a loss on a trade in.. possibly thousands of dollars, to get a 5 mpg boost? It would take 3 years to make up the difference on $1000 loss if I were to drive 15k/year.

 

That diagram of past discovery to future discovery looks like complete crap. Discovery has been a pretty large hit and miss proposition over the decades. But now, all of a sudden, it's going to have a continuous downward cycle. I have some ignorance because I don't know how much of the Earth has been researched, but I know not all of it has. And with new technology, who is to say more will not be found. Didn't they just find a huge amount under Brazil?

The US has a lot of acres that we're not even allowing to see if anything exists. I'd have to believe other countries are doing the same.

Also, China has already limited their subsidizing of oil and probably will continue to do so along with India. But the big thing is that people will adjust, other technologies that will come about that will make money, so more development will occur. The world has always adjusted, why won't it this time?

 

I live in Alberta, Canada. As gas prices go up, my wage goes up. I am loving it

 

[QUOTE=vtec9,Jun 30 2008, 10:45 AM] Drive your S conservatively, and you'll get 30mpg highway.. why would I take a loss on a trade in.. possibly thousands of dollars, to get a 5 mpg boost?

 

28 months ago I switched to a Golf diesel. I am averaging over 45mph over the last 52,000 miles in a car that now has 157,000 miles on the odo. Would I rather be driving a Fit? Most likely, but why trade for a (in this case) more expensive car that gets lower mpg's?