Tuesday, April 29, 2008

Good luck to those Christians...

...praying at that Chevron station for gas prices to come down. I wouldn't hold my breath, though.

The New York Sun
Gasoline May Soon Cost a Sawbuck
Big New Shock at the Pump Forecast by Two Analysts
By DAN DORFMAN April 28, 2008
Get ready for another economic shock of major proportions - a virtual doubling of prices at the gas pump to as much as $10 a gallon.

...Oil recently hit an all-time high of nearly $120 a barrel, more than double its early 2007 price of about $50 a barrel. It closed Friday at $118.52.

The forecasts calling for a jump to between $7 and $10 a gallon are based on the view that the price of crude is on its way to $200 in two to three years...

...Early last year, with a barrel of oil trading in the low $50s and gasoline nationally selling in a range of $2.30 to $2.50 a gallon, Mr. Gaines, in an impressive display of crystal ball gazing, accurately predicted oil was $100-bound and that gasoline would follow suit by reaching $4 a gallon...

...While Mr. Gaines thinks there could be a temporary decline in the oil price, he's convinced an overall uptrend is unstoppable. In fact, he thinks his $200 forecast could be conservative, and that perhaps $250 could be reached. His reasoning: a combination of shrinking supply and increasing demand, especially from China, India, and America.

Mr. Brodrick's $200 oil forecast is largely predicated on a combination of pretty flat supply and rip-roaring demand. Other key catalysts include surging demand in China and India, where auto sales are booming, and major supply disruptions in Nigeria and also in Mexico, our second-largest source of oil imports, where oil production has fallen off a cliff...


OPEC seconds that motion.

BBC News: Opec warns oil could reach $200
Opec, the oil producing cartel, has warned that the price of crude could keep rising to reach $200 a barrel.
Page last updated at 21:10 GMT, Monday, 28 April 2008 22:10 UK

...Regular attacks on oil facilities in Nigeria, the weak US dollar and general concerns about the ability of supply to meet global demand have underpinned the market this year.

Oil producers' body Opec has shown itself disinclined to raise quotas to curb rising prices.

The dollar's decline has also made dollar-denominated assets such as oil and other commodities relatively cheap for some investors.

"We have got a confluence of a number of events that have really disrupted crude oil supply and that's what's driving oil to a new record," said Victor Shum, from energy consultants Purvin and Gertz.


Don't think sitting around waiting and praying for a miracle is going to help. Hashem helps those who help themselves. Move to a place where you can get rid of your car. Problem solved.

5 comments:

Junie B. said...

Just wondering, do you have a car?

Ahavah said...

We do own one, but we are in biking distance of my husband's office and even groceries if necessary, and within walking distance of the boys high school. There is also a main artery of the mass transit line that is only a 10 minute walk from our home. We sold our house two and a half years ago and moved to the spot where we are now specifically for those reasons. Peak Oil isn't a surprise to anyone who's had their ear to the ground, starting in about 2005 oil commodity analysts were already talking about it.

The price of gas is not coming down - praying won't help. There is not enough production for all the customers out there, no more capacity for seriously increased production, and economic triage will be the result. We have been bad stewards of our resources and God has no obligation to make oil spring from the ground perpetually. Good stewardship is one of the requirements of a disciple, is it not?

Junie B. said...

Sounds like you've made wise choices.
I agree with you, praying won't help now. I'm a Christian, and I believe the world is traveling quickly towards the end of the last days. It is G-d's will and no amout of prayer will stop Him now.
I believe Yeshua/Jesus is the Messiah and the son of G-d. And I believe he will be rapturing his church very soon.
The prophesies of G-d are occuring right before our eyes.

The world is indeed a lost cause. Nothing but down-hill from here.
Praise G-d that through Yeshua there is a way out of this mess soon!
Praying for the true peace of Israel.
Junie B.

P.S. No offense intended if you do not believe that Yeshua is the Son of G-d. I'm not sure if you are Messianic Jewish or Jewish?

Ahavah said...

No offense taken. We can at least agree on one thing - redemption is nigh. But we have some unpleasantness to go through. This week's parashat is BeChukotei, which covers Leviticus 26:3-27:34. This passage was fulfilled once, but is still prophetic. WWIII is not going to be any fun at all.

As a philosophy major, I have read the NT, including Revelation. What is written in the prophetic portions of the book is not different from what the prophets of the Tanakh have to say about the events of the last days. Isaiah says man will be made more scarce than pure gold - according to the calculations in Revelation, about 5/6 of the world's population will die due to starvation, plague, economic collapse, and warfare.

The Leviticus passage describes these very same things. My frustration is that my people don't seem to recognize that peak oil leads to economic collapse which leads to starvation and warfare for scarce resources which leads to plagues (both naturally occurring viruses and germs and those resulting from nuclear, chemical and biological warfare). I think a lot of Christians are suffering from the same naive inability to link prophecy to modern events, and are far more fragmented than us, which will make banding together for mutual aid even more difficult for you.

You get branded as crazy for even suggesting that people should take peak oil and economic decline seriously as a prophetic issue, so I don't even bother. If I can't convince people on the economic merits to give up cars and relocalize the arts, crafts, skills, manufacturing and farming needed by their community, then claiming they should be prepared for future prophecy isn't going to do it. I don't know how you surfed to my blog, but we have an enemy in common, I think - too much attachment to the world system and the status quo in our communities. If you promote Torah observance and fight against attachment to worldly things in preparation for peak oil, you will do your community a big favor, whether they acknowledge it or not.

Shalom.

Junie B. said...

Love of the world is the downfall of all, Jew, gentile, and Christian alike.
Personally, I am in the world, but I am not OF the world. My home is in Heaven. By the worlds standards, I am a Christian nut.

People seem to know that something is wrong with the world, but they don't realize it is the hand of G-d fulfilling his word. The Jewish people don't realize it, and even the majority of Christians do not realize what time it is.
I agree there will be rough times ahead but depending on where people's faith lies determines their time and amount of sufferage. I believe in a Pre-tribulation rapture, which means I do not believe I will be here through judgement and wrath. Or, WWIII. I strongly believe all who believe in Yeshua will only have a short time on earth to endure sufferage. Those who do not, had better hope they have provisions for quite a long duration of sufferage. Of course even the best of provisions will not save one from being in the middle of warfare.
I am currently stocking food provisions to be prepared for whatever comes before I am called home.
Storing away gas is not really a safe thing to do. Highly flamible ya know... My husband works 30 minutes away from our home but has a very economic car. Moving closer to his work is not currently an option at the moment. I stay at home and don't drive much.
War, famine, pestilance, economic crash, and general hell on earth. We are witnessing the beginings of the birthpains that Yeshua spoke of. They are getting harder and closer together, as he said they would. I'm looking up, our redemption is drawing near.

"Baruch haba ba'Shem Adonai !"
"Blessed is He that comes in the Name of the LORD !"
Matthew 23:39

Junie B.