Dodge's Mustang Fighter Coming in 2009
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Joined: February 8, 2004
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Originally posted by Gisarm@June 14, 2005, 8:37 AM
Gasoline won't reach $5.00 or $6.00 any time soon. Current prices are a market glitch - the mid-term estimate is that oil prices will fall substantially in the next few years. (Producers are producing flat out right now to take advantage of higher prices. At some point new production will overtake consumption and prices will fall. I'm not exactly sure of current estimates but there are at least 663 billion barrels of proven reserves of conventional oil in the Middle East alone. This is supplemented by over a trillion barrels of unproven reserves.
Additionally, according the the US Geological Survey oil is the fuel of the future. There is more alternative oil in this hemisphere in the form of tar sands in Canada and heavy oil fields in South America than there are proven reserves in all of the Middle East. According to their estimates it would cost an additional 50 cents per gallon to refine this alternative oil into the gasoline we all know and love today. (This estimate was from last year - before prices spiked. Right now my local gas station is about 20 cents away from the USGS estimate to make alternative oils economically viable.)
Venezuela estimates it's own heavy oil reserves at around 4 trillion barrels; thet's trillion with a tr! The Atasca Tar Sands also contain over a trillion barrels of unconventional oil. Additionally there are huge quantities of shale oil here in the US that could also be exploited.
From what I see we have many happy years of fairly cheap motoring in front of us.
Gasoline won't reach $5.00 or $6.00 any time soon. Current prices are a market glitch - the mid-term estimate is that oil prices will fall substantially in the next few years. (Producers are producing flat out right now to take advantage of higher prices. At some point new production will overtake consumption and prices will fall. I'm not exactly sure of current estimates but there are at least 663 billion barrels of proven reserves of conventional oil in the Middle East alone. This is supplemented by over a trillion barrels of unproven reserves.
Additionally, according the the US Geological Survey oil is the fuel of the future. There is more alternative oil in this hemisphere in the form of tar sands in Canada and heavy oil fields in South America than there are proven reserves in all of the Middle East. According to their estimates it would cost an additional 50 cents per gallon to refine this alternative oil into the gasoline we all know and love today. (This estimate was from last year - before prices spiked. Right now my local gas station is about 20 cents away from the USGS estimate to make alternative oils economically viable.)
Venezuela estimates it's own heavy oil reserves at around 4 trillion barrels; thet's trillion with a tr! The Atasca Tar Sands also contain over a trillion barrels of unconventional oil. Additionally there are huge quantities of shale oil here in the US that could also be exploited.
From what I see we have many happy years of fairly cheap motoring in front of us.
Mach 1 Member
Joined: March 2, 2005
Posts: 945
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From: Glenn Mills, Pennsylvania
Yeah well the SRT-8 is going to have 425hp Hemi engine that produces the same specs as our 300hp / 333 lbft torque 4.6. Now say is something not right here?? :scratch: I know weight , etc. has a lot to do with it , but come on M.o.p.a.r. - Many Outrageous Parts Arranged Ridicuously !!! hehe my good ol mother taught me that one when I was a youngin. 
Matt
Matt
Tasca Super Boss 429 Member
Joined: May 18, 2004
Posts: 3,657
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From: San Antonio, TX
Originally posted by 05WindveilGT@June 15, 2005, 6:24 AM
Yeah well the SRT-8 is going to have 425hp Hemi engine that produces the same specs as our 300hp / 333 lbft torque 4.6. Now say is something not right here?? :scratch: I know weight , etc. has a lot to do with it , but come on M.o.p.a.r. - Many Outrageous Parts Arranged Ridicuously !!! hehe my good ol mother taught me that one when I was a youngin.
Matt
Yeah well the SRT-8 is going to have 425hp Hemi engine that produces the same specs as our 300hp / 333 lbft torque 4.6. Now say is something not right here?? :scratch: I know weight , etc. has a lot to do with it , but come on M.o.p.a.r. - Many Outrageous Parts Arranged Ridicuously !!! hehe my good ol mother taught me that one when I was a youngin.
Matt
Team Mustang Source
Joined: October 15, 2004
Posts: 744
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Originally posted by 2005Stang032@June 15, 2005, 9:43 AM
I HOPE IT DOESN'T HAVE FOUR DOORS!!!!!
I HOPE IT DOESN'T HAVE FOUR DOORS!!!!! 
Bullitt Member
Joined: March 31, 2005
Posts: 280
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Originally posted by TomServo92@June 13, 2005, 10:32 AM
Yeah, I posted it earlier today:
http://forums.bradbarnett.net/index.php?showtopic=26846
Yeah, I posted it earlier today:
http://forums.bradbarnett.net/index.php?showtopic=26846
Mark...you're a little wierd about being the first to know.
P.S....ever have an unexpressed thought?
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