Matthew Simmons: Oil will be $600

Quote from bellman:

Is $600/barrell oil really that crazy? I reckon with inflation that would only translate to about $8/gallon for the US consumer in today's dollars.
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That is the of the makes me really just pity the americans who complain at paying $8s per gallon!! :mad: :cool:


If you think thats expensive come to the UK and travel by taxi here!! :D :cool: :p


An average car can do 32miles to the gallon, so with gasoline at $8s that equals $4s to travel 1mile! :eek:

In UK with gasoline at its current $1.4 (roughly £1), to travel 1mile in a taxi will cost you minimum £6 ($10s).



So we are 'currently' already paying and affording to pay $20s per gallon!! :cool:

And thats just druing the daytime, you travel after 11pm on a friday or saturday night you pay over $30s per gallon.



So you have got it ridiculously easy already.
 
Quote from spanish89:


If you think thats expensive come to the UK and travel by taxi here!! :D :cool: :p


An average car can do 32miles to the gallon, so with gasoline at $8s that equals $4s to travel 1mile! :eek:

So we are 'currently' already paying and affording to pay $20s per gallon!! :cool:

So you have got it ridiculously easy already.
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Check your math buddy.

At 32miles/gallon and at $8/gallon. you'll be paying $1/4miles not $4/ mile like you said. So you're not paying $20/gallon...$20/gal Makes very little sense sense.
 
Quote from Eko_Trader:

Check your math buddy.

At 32miles/gallon and at $8/gallon. you'll be paying $1/4miles not $4/ mile like you said. So you're not paying $20/gallon...$20/gal Makes very little sense sense.
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Whoops, pressed the wrong calculator button. lol

Well we are currently paying $5 per gallon, even with energy prices so close to thw lows and down over 60% from the highs.
 
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