The shear craziness of that statement makes me wonder how anyone can believe anything analysts and experts say - IEF 2008: OIL AND GAS WILL LAST DECADES. When we started PickupPal in the fall of 2007, (some 8 months ago), Oil was creeping up to the $80 a barrel and at that time the news reports were all saying this was an anomaly - would not last - back to $60 a barrel in no time. Well today we are a handful of loose change away from $120 a barrel and again the rhetoric comes out - the claims that this is a blip and that we will always find ways to get more oil. Now as anyone who knows me can attest - I am not a rocket scientist but I am pretty sure that there are few smart engineers working on the riddle - how do we find more cheap oil? My guess is they have been working on this one since the 70’s and still no answer. When I talk with friends and say I think by 2010 oil will be $200 a barrel and that gas will be $7.00 a gallon they all think I have lost my mind - have I? When we were researching the RCOD we studied traditional calculations on the cost of ownership of a vehicle and the AAA (American Automobile Association) - came up with this statement - “AAA estimates that new-car driver will have $8,121 in ownership costs for a car driven 15,000 miles per year, up from $7,823 a year ago.” One of the biggest points where increases in costs will occur will be the price of fuel - what do we do when fuel is twice what is is now? right now 15,000 miles costs approximately 3K and when gas is $7 a gallon it will be 7K - where does one find the extra 4K per year - perhaps the analyst’s will stroke everyone a cheque?

Bad news is never a welcomed thing - however ignoring where we are heading is a dangerous game to play and just because someone with a tie on tells you that there is nothing to worry about does not mean a lot to me.

Cheers - Eric
P.S. Not sure about this rant but I just wanted to get it out there.