To clarify.

In one of my earlier posts, I said something to the effect of "gasoline prices are not coming down". I believe this comment made me lose some credibility with some of my fellow friends because they literally interpreted that comment as "gasoline prices will not possibly go lower than the record $3 a gallon that we're currently experiencing".

Well, I don't think I was clear with that comment and so I wanted to apologize and clarify things. Gasoline prices are always going to fluctuate for as long as we have gasoline available and being sold. However, the trend is that gasoline prices will only go up. So in this sense, gas prices will never come down again, as an overall trend. That is to say, over time. I would dare say (and am willing to bet money) that gasoline prices will be higher a year from now than today. And two years from now gas will cost even more. And so forth. This is based on understanding the serious issue of Peak Oil. As supply starts to diminish and demand continues to increase the law of supply and demand determines that gas prices will only go up (over time). Unless some major event happens that changes this trend, such as the unlikely discovery of a major oil field, or a catastrophic natural disaster that wipes out a big portion of the population, thus lowering the demand for oil (or gasoline) by having fewer people consuming energy.

On the same topic, a barrel of crude oil cost less than $25 in 9/11, around $60 a year ago (Nov 2007), and today it's being sold at $96.70.

I understand that oil prices are not determined simply by supply and demand, but largely by market speculation. Still, I think this is a trend. And I say that based on understanding the serious issue of Peak Oil.

I am grateful to Greg Rock for opening my eyes to this issue and explaining in detail what Peak Oil is and how it's starting to and will affect our society and the world at large. Greg is an expert on the issue of Peak Oil, and an active and dedicated individual to seeking and providing solutions to the energy crisis we're starting to face. It was Greg who finally steered me in the direction of conservation also, as part of the solution to the upcoming energy crisis.

To learn more about Peak Oil, search for the term on the Internet, or look for books by Dr. M. King Hubbert. Dr. Hubbert was an engineer and expert in the oil industry who first understood and introduced the term Peak Oil. He correctly predicted that oil production would peak in the United States. What we are facing now is worldwide oil production peaking, at a time when demand continues growing because most countries have economies that are dependant on constant growth.

This energy crisis by the way, is the most serious issue yet faced by humankind.

But my intention today is not to write a scary post. So let me finish by saying that I'll soon be visiting Tesla Motors down in Sillicon Valley, assuming they will welcome me. I should come back with some great news and stories.

- Ricardo Parker

To clarify.

In one of my earlier posts, I said something to the effect of "gasoline prices are not coming down". I believe this comment made me lose some credibility with some of my fellow friends because they literally interpreted that comment as "gasoline prices will not possibly go lower than the record $3 a gallon that we're currently experiencing".

Well, I don't think I was clear with that comment and so I wanted to apologize and clarify things. Gasoline prices are always going to fluctuate for as long as we have gasoline available and being sold. However, the trend is that gasoline prices will only go up. So in this sense, gas prices will never come down again, as an overall trend. That is to say, over time. I would dare say (and am willing to bet money) that gasoline prices will be higher a year from now than today. And two years from now gas will cost even more. And so forth. This is based on understanding the serious issue of Peak Oil. As supply starts to diminish and demand continues to increase the law of supply and demand determines that gas prices will only go up (over time). Unless some major event happens that changes this trend, such as the unlikely discovery of a major oil field, or a catastrophic natural disaster that wipes out a big portion of the population, thus lowering the demand for oil (or gasoline) by having fewer people consuming energy.

On the same topic, a barrel of crude oil cost less than $25 in 9/11, around $60 a year ago (Nov 2007), and today it's being sold at $96.70.

I understand that oil prices are not determined simply by supply and demand, but largely by market speculation. Still, I think this is a trend. And I say that based on understanding the serious issue of Peak Oil.

I am grateful to Greg Rock for opening my eyes to this issue and explaining in detail what Peak Oil is and how it's starting to and will affect our society and the world at large. Greg is an expert on the issue of Peak Oil, and an active and dedicated individual to seeking and providing solutions to the energy crisis we're starting to face. It was Greg who finally steered me in the direction of conservation also, as part of the solution to the upcoming energy crisis.

To learn more about Peak Oil, search for the term on the Internet, or look for books by Dr. M. King Hubbert. Dr. Hubbert was an engineer and expert in the oil industry who first understood and introduced the term Peak Oil. He correctly predicted that oil production would peak in the United States. What we are facing now is worldwide oil production peaking, at a time when demand continues growing because most countries have economies that are dependant on constant growth.

This energy crisis by the way, is the most serious issue yet faced by humankind.

But my intention today is not to write a scary post. So let me finish by saying that I'll soon be visiting Tesla Motors down in Sillicon Valley, assuming they will welcome me. I should come back with some great news and stories.

- Ricardo Parker