RV Fuel Issues & Prices - Post 'Em Here!

Required water per shale oil well is now recycled. A well that uses a million gallons of recycled water last about 30 years. Your figures are way off. Don't believe the incorrect info from environmentalist blogs. Natural gas prices have dropped from $11 to $2.50. That is going through the floor, not the roof. A four function electronic calculator used to cost $500. Now they are 99 cents. Technology matters. This is a world wide revolution and a chance for the US to lead the way again. As RV'ers it is something that should excite us.

Tomman58

You miss the point. Oil is just the vanguard, the point of the spear so to speak of increasing prices when you dramatically increase the supply of money. Food is climbing regardless of drought. Food and fuel have not been inputs into the consumer price index for almost the last two decades for a reason. Seen gold and silver lately; scratch that, over the last five years?

One plus one equals two.

The only reason the NG cost is not going through the roof is the lack of infrastructure getting it's tremendous supply to an end user.

The ability to produce shale oil has drastically changed things in the oil business. There is a lots more of it out there and the production costs are lower. You drill into the shale layer and then go horizontal with fissures every several hundred feet for several miles. It is like drilling a new well every several hundred feet except you start out at the sweet spot. You can drill 8 to 10 wells from a half acre foot print. This drastically reduces the drilling price and drastically increases the supply. That spells lower prices. I am excited. This stuff about all the easy oil already being drilled is the old way. Shale oil at 8,000 feet is so much cheaper that going down 35,000 feet below the Gulf of Mexico. This is going to cut prices drastically.

DelCamper wrote:
When they discover oil and bring it to market in the same proportion that they are increasing the money supply at stable demand the price will remain the same. Oil prices should drop if oil supply exceeds demand unless the wild card of money production exceeds it all.

Prices are going to go up on everything, period.

Therein lies the problem Del. The new users of oil are growing exponentially. there is no end in sight.
There is no "cheap fossil fuel" nor will there be again,ever!
I see municipalities going to CNG. I also see the public embracing smaller electrics for their daily drivers.
The blessing in this is we are ahead of the world in the electric tech. As long as we hold the patents on this new tech we ill win. even China is shipping electric cars here now BUT the electric drive system is installed in California and the batteries are made here.

% years from now we will see a new outlook and the kids will grasp the new tech even if we don't.

When they discover oil and bring it to market in the same proportion that they are increasing the money supply at stable demand the price will remain the same. Oil prices should drop if oil supply exceeds demand unless the wild card of money production exceeds it all.

Prices are going to go up on everything, period.

The cheep oil has been harvested or is in full production. New extraction technology does reduce the cost of hard to get oil but it will be far from cheep. I beleve the price trnd is up up up even if we get a few dips along the way.

Do you really think this is just aUS technology? It is being done all over the world and has changed oil reserves forever. Old thinking no longer applies. we are no lonver dependant on pool okl reserves. shale is here and abundant. prices will drop world wide

All commodities will rise in price

The price of natural gas has dropped from over $11.50 per unit to about $2.25 per unit. This is due to the law of supply and demand. The supply has increase dramatically due to technology. Your and my opinion doesn't count much, but I was using you as a plural. Confidence matters. Our GDP was just reported today as 1.3% where 2% is required to keep up with population growth. We must keep faith in America.

Lindsay

"Being a defeatist and accepting that oil will never go down and that America is in decline sure doesn't help matters."

My opinion, your opinion or our collective opinion neither helps or hurts. Regardless oil is pretty much traded in US dollars and they're creating them in abundance. All commodities will rise in price. Even if more oil is brought to market it won't keep up with the increase in the supply of USDs.

The higher oil prices are the anomaly, not these inflated prices. The law of supply and demand has not been repealed. We have the crude, we just are with holding it. The value of our currency is partly a reflection of how the world views the future of America. Now they think it is not too bright. That can change fairly quickly when we turn the economy around. Being a defeatist and accepting that oil will never go down and that America is in decline sure doesn't help matters.