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Peak Oil News:  $80 Oil…

The Oil Drum:  Drumbeat: October 26, 2009

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RT @StopSpeculation: Fragile economy might derail if oil remains at $80 or higher. http://bit.ly/1D9Eb1 #speculators 28 days ago

$80 Oil… http://bit.ly/22lp9X #postrank #politics 29 days ago

$80 Oil…: David R. Kotok co-founded Cumberland Advisors in 1973 and has been its Chief Investment Officer.. http://bit.ly/1DcodR 30 days ago

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$80 Oil…
Peak Oil News — ... rate is 10% instead of 5% and when many household balance sheets are wrecked, and when the credit mechanism is damaged. SO – The issue now is what gasoline price change it takes to impact consumer’s behavior. Does the price have to go as high as previously to hurt? Some retail experts I consulted say yes and that there will be no change in the relationship. Others disagree and say there is a new lower level, but they have insufficient experience to estimate what it is. The Big Picture

Drumbeat: October 26, 2009
The Oil Drum — ... 91 million barrels a day. To get down to the same oil price as before 2010, adjusted for inflation, an estimated world production increase of about 10% is needed. This can only be achieved in three deposits in the world, Green River Oil Shale in the US, Athabasca Oil Sand in Canada, or Orinoco Oil Sand in Venezuela. However, all of them are extremely stressed at the moment with full capacity, which prevent them from increasing production for a lower oil price. $80 Oil… The $80 oil price is starting to worry me a little. Translate it into ...