Just some perspective...of course none of these are the lifeblood of world economies (growth) like oil....

$100/Barrel = $.15 a cup

Motorists in UK paid $9.00/gallon last fall:

-This equates to $378/Barrel
-Many other less valuable liquids sell much higher

Lowfat Milk

128 ounces
$3.79 price per container
$3.79 price per gallon
$159.18 price per barrel

Evian Spring water

33.8 ounces
$1.69 per container
$6.40 price per gallon
$268.80 price per barrel

Budweiser

12 ounces
$0.83 per container
$8.88 per gallon
$372.96 per barrel

Carlo Rossi blush wine

135.6 ounces
$5.99 per container
$5.65 per gallon
$237.30 per barrel

Others

Coca-Cola - $8.00 per gallon
Vicks Nyquil - $98.13 per gallon
Right Guard deodorant spray - $57.22 per gallon
Pert Plus deodorant stick - $35.93 per gallon
Shout Spray bottle - $14.04 per gallon

Can the World Survive $100(+) Oil?

I'm glad you said 100 +...because it's going to be ++++++++++.....Can the world survive?...well, sure, but it's going to be like having a heroin addict living in your house, stealing money from your wallet every day, then , when he can't find your wallet, pawning your TV, stereo, household appliances etc...and maybe he has access to your credit cards, too...so what do you do, finally?...throw him out?...you can't throw him out?...maybe you'll have to take 'drastic measures'...you see where this is all leading?...Henry Kissinger talked about $125 a barrel oil years ago...and there is no oil shortgage in reality...only 'artificial scarcity' caused by the 'monopoly men'...as Bob Dylan said in his great song 'Sweetheart Like You' :
How much abuse
Will you be able to take?
It's hard to tell
From just the first kiss...

Peak oil proponents argue that it's not the price we should be worried about, it's that demand is outstripping supply...the information below was pulled from the link I have copied. He believes we probably hit peak in 2006. Those that debunk Peak oil theorists believe that Peak oil and climate change are meant to deliberately create demand destruction in large economies such as the U.S. or that they are simply "crazy" chicken little theories not based in reality...

Either way..people's ways of life will have to change because the pressures that emerging economies such as China and India are exerting on the globe and finite resources such as oil is unsustainable. I don't know about you but I'm not sure we have enough cotton to make close to 2 billion T-shirts to sell to the Chinese and Indians (sarcasm here). Besides, they are selling them to us! Common sense seems to suggest that you can't treat the earth as one big CO2 trash can or refrigerator that doesn't require trips to the food store to restock it. Resource wars are going to become more commonplace at this rate..we are already seeing nations turn inward because of food shortages due to climate problems, biofuel focus, as well as commodities speculation particularly in agriculture.

http://www.321energy.com/editorials/...ons041208.html

“Control oil and you control nations; control food and you control people." ~Henry Kissinger

Keep in mind that some economists argue that the price of oil is rising in part due to the decreased value of the dollar. For example, the price of oil over the last five years is essentially constant relative to the price of gold. We're just witnessing the effects of inflation.



http://digg.com/business_finance/Oil...nchanged_Graph

Definitely, mismanagement of the economy and devaluing of the dollar are among the factors as well...but it's not the sole contributor as you note ("part due"). The sovereign wealth fund managers in the MidEast are particularly enjoying it..but not their populations who suffer inflation like us because their currencies are pegged to the dollar. That won't last though as they are slowly backing out of buying our worthless T-bills in exchange for oil but instead using the money to purchase strategic assets here in this country and all over the globe....the big boys are investing in asia and mid east..capital flight is in full effect. Jim Rogers is one of many big boys. They are just shorting the U.S. stock market and hedging their money against the dollar dropping. They are buying other currencies and mainly investing in countries with resources...

Will this make a difference? Ten years away at least...well Britain was reborn when it made the North Sea discovery...bears following more closely. Another reason to invest in BRIC funds (Brazil, Russia, India, China) and why money is moving away from the U.S.

http://www.msnbc.msn.com/id/24114460/

There is a lot of handwaving going on here. Gas does not sell for $100/barrel, oil does. But you seem to be saying that $9.00/gallon gas equate with $378/barrel oil. I realize you're saying a barrel of gas costs $378, but it's confusing to most people. Especially since no one ever refers to gas prices as cost/barrel. Most people don't even know how much liquid is in a barrel. So the only context in which cost/barrel could possibly mean anything to them is comparing barrels of oil to other barrels of oil. Even then most people would have no idea how much oil costs/barrel would have to go up to increase the cost of a gallon of gas by a dollar.

In general, I think comparisons of cost/gallon of gas and "other liquids" is ridiculous. None of these other liquids do what gas does for me. I need something I can put in my car and make it go. You are making an apples and oranges comparison and could just as easily choose cheap liquids (tap water, winshield wiper fluid, etc.) to show how expensive gas is.

HOW MANY GAL.OF CRUDE OIL IN A BARREL? HOW MANY GAL OF GAS DOES THAT EQUAL?
-----------------
There are 42 gallons / barrel of crude oil. The conversion to gasoline depends upon several factors -- refining efficiency, product mix desired by the refiner, quality of the crude to name a few. In short, the amount of gasoline that can be distilled from crude depends on where the crude is obtained. Venezuelan crude yields little gasoline (about 5%), whereas Texas or Arabian crude yields about 30% gasoline. This is called "straight run" gasoline. In general, 42 gallons, after refining makes about 19.5 gallons
of gasoline in addition to numerous other products such as heating oil..

The following site provides additional info.



http://www.newton.dep.anl.gov/askasc...9/gen99675.htm

In addition, few households consume several gallons of milk or wine per day.

That's why I said

"of course none of these are the lifeblood of world economies (growth) like oil...."

Here is some additional info from California's angle..

What's in a Barrel of Oil?

http://www.energy.ca.gov/gasoline/wh...arrel_oil.html