Gasoline Prices up Bike Riding up

You want to know what gas prices are going to be in the next year ot two? Here’s the math. Over the past decade or so, convention crude oil production numbers are about 6 barrels of oil for every barrel of oil  equivalent used for energy to produce them, so the net gain is 5 barrels of oil to be sold for every barrel of consumed by the oil companies. This means, at today's prices, the oil companies need to get about $500  ($100 per barrel) out of every barrel they consume in producing the oil they sell. BUT, the tar sands oil, and other expensive deep sea stuff, only net about 1.5 barrels of oil for every barrel consumed in production. So now, the oil companies, running out of conventional oil, are going to have to get $500 back from every 1.5 barrels they sell. Prices are going to be $330 per barrel instead of $100. So gasoline is going to be over 3 times as expensive in a few years... for sure...there is no science that can compensate for the increased cost of producing hard to get oil out of the ground. The best way to prepare for our future is to do a lot of bike riding, figure out how to live without a car. 

All other life, and our grandchildren, will be happy if we quit using crude oil.