Don't look now but the oil market is collapsing

[memphis]

The peak oil chicken littles continue to look silly.

Do you think the supply of oil is infinite? We've made some enormous technological advances that allow us to get previously unobtainable oil. Doesn't mean it will last forever.

[memphis]

If you've been following the long term trend of gasoline prices and worldwide usage, the overall message is very much that it hasn't been working out.

[memphis]

Oh goody, the 2014 version of JJ's Gold thread has arrived.

[memphis]

Loving this. North American energy independence will be the biggest geo-political boon to America since the fall of the Soviet Union.

I can't wait.

Not on the soccer mom's watch.
http://www.usnews.com/news/business/articles/2014/11/03/nissan-honda-chrysler-report-us-sales-increases

[memphis]

I saw gas for $2.36 today. I like where things are headed.

[memphis]

I'm as pleased as anybody that oil is plummeting. And it may well stay low for several years. But don't think for a second that we'rd done with pricey oil forever. I was saying the exact same thing when it was high. It's been an extremely volatile commodity since man first realized its utility. Infrastructure, like pipelines, are longer term investments and one year's price is not the only factor under consideration.

[memphis]

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What?! I call BS on that. And even if not, the issue of space would still remain a major barrier.

You need to leave New York City more often. Space is a resource this country has plenty of.