Oil prices to hit USD 200 a barrel

DieselFan · 7th May 2008, 13:07

here is the article publish on economic times site - 'Super-spike' could lift oil to $200: Goldman- Indicators-Economy-News-The Economic Times. This has come from none other than Goldman Sachs. So folks forget cars start riding bycycles.

If the cost of petrol/diesel is doubled in next year or so what would you all do?

anupmathur · 7th May 2008, 13:17

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khan_sultan · 7th May 2008, 13:27

In the Indian context, with inflation being one big worry and generals elections next year or so, I doubt if the government will increase the prices of Petrol/Diesel. So I am presuming that Indian fuel prices will remain stable for the next year or so..

Worst case scenario, the govt could increase the price of Petrol -- since it is "assumed" to be the fuel of people who can afford a price increase :-(

sujaylahiri · 7th May 2008, 13:38

Get those fuel cell powertrains on the road quickly. Or it'll be Doomsday soon.

snaronikar · 7th May 2008, 13:43

Presently I'am doing car pooling. In case there is any increase in petrol price, then I have to switch to 2 wheeler from present using 4 wheeler. The 4 wheeler will be joy ride then only with the family. I hope the Govt will not gamble right now as it will have cascading effect on every common man. The fuel price hike will also shoot up the prices of essential commodities/vegetables/fruits and even the snacks/coffee/tea prices in hotels.

srishiva · 7th May 2008, 14:57

Seriously thinking of buying a diesel hatchback. Would have already if they had a swift Zdi !

The government would then have to subsidize my personal travel or be wise and put up public transport infrastructure with the same money.

extreme_torque · 7th May 2008, 15:03

It has to come.... may be a bit late but it will.
I am already thinking of using a bicycle for short distances, it will help me keep fit, save fuel and will be my contribution towards the cause of global warming. Its about time we start thinking about the alternate sources of energy.... in India I feel we have not been doing enough... infact we havent dont anything at all. Even the nuclear deals is almost dead now.

7th May 2008, 15:42

Quote:

Originally Posted by extreme_torque

It has to come.... may be a bit late but it will.
I am already thinking of using a bicycle for short distances, it will help me keep fit, save fuel and will be my contribution towards the cause of global warming.

cycling is good! I am a massive fan of cycling, but too scared to use one now.
there is always going to be some one willing to spend money on fuel and try to kill you while you're cycling and trying to save the planet.

I used to commute by cycle in london- 14kms a day.
i used to cycle 30kms a day before i went to the UK in 2002

now, too scared to even walk on the road side. I've seen too many cyclists and pedestrians die to risk my life.

So i voted to spend more on fuel.

extreme_torque · 7th May 2008, 15:51

Quote:

Originally Posted by rippergeo

cycling is good! I am a massive fan of cycling, but too scared to use one now.
there is always going to be some one willing to spend money on fuel and try to kill you while you're cycling and trying to save the planet.

I used to commute by cycle in london- 14kms a day.
i used to cycle 30kms a day before i went to the UK in 2002

now, too scared to even walk on the road side. I've seen too many cyclists and pedestrians die to risk my life.

So i voted to spend more on fuel.

I agree with you on this... that is why I said shorter distances for which I now use my bike.

directinjection · 7th May 2008, 16:15

I wonder why using public transport hasn't been given as an option.
I'd shift to public transport, in fact have already done so partially!

hrishig · 7th May 2008, 16:26

Start using solar power machines!

n_aditya · 7th May 2008, 16:27

I wouldnt mind public transport if there were more volvo/tata air conditioned buses. Car pool seems to be the option for me till public transport options improve.

adentist · 7th May 2008, 17:00

If oil reaches 200$ a barrel, will probably start waking up early and going
via company shuttle

Nitin · 7th May 2008, 21:56

At $3.47 this morning,its a scary sight to look at gas stations. I commute 18 miles a day,so its not that bad.My wife does 80,and thats where we take a hit. Both cars average 30-32mpg,and my bike gives me aroung 50-55mpg.

Bad weather= bike sitting the garage. Need to give my car some rest!

ramie2400 · 7th May 2008, 22:29

Quote:

Originally Posted by hrishig

Start using solar power machines!

I am already thinking of doing a D.I.Y. on my bajaj pulsar to make it solar hehehehe

View Poll Results: What do you do if Oil prices double in next 1 year?
Do nothing. Spend twice the amount on fuel.	34	54.84%
Carpool and reduce the fuel spent by half	15	24.19%
Use alternative energy vehicles - eletric cars/ hybrid	7	11.29%
Use Bicycles or walk	6	9.68%
Voters: 62. You may not vote on this poll

7th May 2008, 13:07	#1
DieselFan Senior - BHPian Join Date: Mar 2007 Location: Bangalore Posts: 1,584 Thanked: 260 Times	Oil prices to hit USD 200 a barrel here is the article publish on economic times site - 'Super-spike' could lift oil to $200: Goldman- Indicators-Economy-News-The Economic Times. This has come from none other than Goldman Sachs. So folks forget cars start riding bycycles. If the cost of petrol/diesel is doubled in next year or so what would you all do?
	() Thanks

7th May 2008, 13:17	#2
anupmathur Senior - BHPian Join Date: Sep 2007 Location: New Delhi Posts: 3,095 Thanked: 311 Times	Some suggestions: ........................................ ....................................
	() Thanks

7th May 2008, 13:27	#3
khan_sultan Distinguished - BHPian Join Date: Apr 2006 Location: Noida/Bangalore Posts: 4,944 Thanked: 6,469 Times View My Garage	In the Indian context, with inflation being one big worry and generals elections next year or so, I doubt if the government will increase the prices of Petrol/Diesel. So I am presuming that Indian fuel prices will remain stable for the next year or so.. Worst case scenario, the govt could increase the price of Petrol -- since it is "assumed" to be the fuel of people who can afford a price increase :-(
	() Thanks

7th May 2008, 13:38	#4
sujaylahiri BHPian Join Date: Apr 2006 Location: North America Posts: 960 Thanked: 6 Times View My Garage	Get those fuel cell powertrains on the road quickly. Or it'll be Doomsday soon.
	() Thanks

7th May 2008, 13:43	#5
snaronikar Senior - BHPian Join Date: Jun 2007 Location: Bengaluru Posts: 2,845 Thanked: 31 Times View My Garage	Presently I'am doing car pooling. In case there is any increase in petrol price, then I have to switch to 2 wheeler from present using 4 wheeler. The 4 wheeler will be joy ride then only with the family. I hope the Govt will not gamble right now as it will have cascading effect on every common man. The fuel price hike will also shoot up the prices of essential commodities/vegetables/fruits and even the snacks/coffee/tea prices in hotels.
	() Thanks

7th May 2008, 14:57	#6
srishiva Senior - BHPian Join Date: Nov 2006 Location: Bengaluru Posts: 4,372 Thanked: 2,260 Times	Seriously thinking of buying a diesel hatchback. Would have already if they had a swift Zdi ! The government would then have to subsidize my personal travel or be wise and put up public transport infrastructure with the same money.
	() Thanks

7th May 2008, 15:03	#7
extreme_torque BANNED Join Date: Feb 2005 Location: Melbourne Posts: 4,461 Thanked: 5,534 Times	It has to come.... may be a bit late but it will. I am already thinking of using a bicycle for short distances, it will help me keep fit, save fuel and will be my contribution towards the cause of global warming. Its about time we start thinking about the alternate sources of energy.... in India I feel we have not been doing enough... infact we havent dont anything at all. Even the nuclear deals is almost dead now.
	() Thanks

7th May 2008, 16:15	#10
directinjection Senior - BHPian Join Date: Oct 2005 Location: Faridabad/Delhi Posts: 1,717 Thanked: 830 Times	I wonder why using public transport hasn't been given as an option. I'd shift to public transport, in fact have already done so partially!
	() Thanks

7th May 2008, 16:26	#11
hrishig BHPian Join Date: Apr 2007 Location: Pune Posts: 466 Thanked: 183 Times	Start using solar power machines!
	() Thanks

7th May 2008, 16:27	#12
n_aditya Senior - BHPian Join Date: Oct 2005 Location: Namma Bengaluru Posts: 5,372 Thanked: 3,806 Times View My Garage	I wouldnt mind public transport if there were more volvo/tata air conditioned buses. Car pool seems to be the option for me till public transport options improve.
	() Thanks

7th May 2008, 17:00	#13
adentist BHPian Join Date: Jul 2007 Location: Hyderabad Posts: 35 Thanked: 9 Times	If oil reaches 200$ a barrel, will probably start waking up early and going via company shuttle
	() Thanks

7th May 2008, 21:56	#14
Nitin Senior - BHPian Join Date: May 2006 Location: Houston, Texas Posts: 3,294 Thanked: 22 Times View My Garage	At $3.47 this morning,its a scary sight to look at gas stations. I commute 18 miles a day,so its not that bad.My wife does 80,and thats where we take a hit. Both cars average 30-32mpg,and my bike gives me aroung 50-55mpg. Bad weather= bike sitting the garage. Need to give my car some rest!
	() Thanks