"CRUDE" oil, an absolute must see program !!!

There is reason...

 

More stuff to read and or listen to on "Peak Oil" http://www.npr.org/templates/story/story.php?storyId=98203926 and its detractors http://cera.ecnext.com/coms2/summary_0236-821_ITM (otherwise known as ostriches suffocating with their heads buried in the sands of the desert.....)

 

I gotta go with Meanz Beanz on this one
when those prices go up again
they are going through the roof

and with Frosty for noting that the price drop at the pumps is not even close to the price drop on the barrel

we are still getting screwed

I say one barrel of oil is worth about an apple
the middle east is about one overcrowded place
they dont grow nearly enough food for themselves
the food producing countries of the world should form a cartel and place the price of food in relation to a barrel of oil for oil producing countries
so instead of free fuel in many of the OPEC countries you end up with free food in food producing countries
what say we beet em at there own game
and get a gallon of gas back to 27.9 C were it belongs

I think Venezuela got the plan early and is a great example when they moved to run the country on alcohol and sold there oil on the overseas market

regards B

 

When this technology matures to the point of real practical returns, then the whole point will be moot, with regard to peak oil, as we'll use scrap wood (of which we have an enormous amount when you include scrap paper) to make fuel alcohols. We have no reason to believe that the tech won't mature; it's only a matter of time at this point.

Now this will be great news for the US, China, India and all of Europe, as all will be freed from the uncertainties of the oil market. Ironically it will probably be good news for oil companies, too as they long ago transformed themselves into 'energy' companies and are ready to invest in whatever comes next.

Ironic also will be how such a turn of events would devastate the economies of the countries that produce oil and have recently got very rich on the recent price spike. In a different way, they have become addicted to oil. Where that economic devastation will lead, nobody knows

For the boat builders it will undoubtedly be a boon as the price of resins and solvents will tumble (presuming adoption of the tech above will lead to a more or less permanent crash in oil prices) making the composites and painting businesses cheap again. Ditto for all the other plastics. I'm getting tired of $140/gallon Awl-Grip, since I remember quite well $62/gallon Awl-Grip

Jimbo

 

We will never be freed from the uncertanties of a commodity market as long as speculators are allowed to speculate on a contract they could not accept, and indeed never any intention of accepting.

Their purchase of that commodity is registered as a sale and therfore less on the market when infact it they are merley holding the contact for a while trying to make money.

This makes it look like a shortage when infact there isnt a shortage if the price is right,--- forcing the price up more.

This is exagerated even more when the commodity is already at max production as in oil.

 

Jimbo1490, If that works (and that is a BIG IF as I see things at the moment) it could almost be called a "Godsend".... Scaling up will be the problem to resolve.... as also with using titanium dioxide and algal components to facilitate electrical production from light....

 

Global economic crisis spawns depression booklet - - - http://www.abc.net.au/news/stories/2008/12/16/2447322.htm?section=justin - - - So "Don't worry, be happy....." and some valium may help - consult your doctor.....

 

4 million barrels a day is what we need to replace, think of the scale, think of the infrastructure lead times to deliver that scale (decades!), think of what we are doing now (sweet FA!)... this is not a "we can't solve it" issue with alternates its more a logistical nightmare in the time we have left. 9.1% depletion means half of todays flows by 2015... Typically we can't build a refinery in that time scale! This is a major stumble coming right up on top of a financial mess when we can least afford to address it. We will use technology to get past this but there will be a really ropey decade or two in the middle of it all! & if we stay true to form a freakin resource war over oil! Lets hope not.... but... USA, 25% of the worlds oil consumption, 4% of the worlds people and lots guns.... the up an coming world hungry for energy... who's going to lose out? and will they do it gracefully? nah... push will come to shove, bet on it!

 

Not real nice, any way one looks at it, - - - - tangible commodities (oil, gold food), credit (the means to buy stuff), financial resources (the means to pay for and get credit) and politics (the dick-heads we elected to office?) - - now you remind us of guns? (the dick-heads who think might is right)....

Remind me to accept the next offer on the "Office with a view" and go sailing in my piece of peace asap.....

for more entertainment ..... http://www.financialsense.com/editorials/navarro/2008/1215.html ...

and on oils and stuff......... http://www.financialsense.com/editorials/mckillop/2008/1215.html ...

 

http://www.worldenergysource.com/

As you know timing is everything Mas... We may get a bounce in the first part of next year, this is all over done in the short term, mebe that will provide opportunity for you. IMO the trick is to keep the wider picture in view and the wind aft of the mast and not get sucked into the short term swings...

 

Only in the USA!

 

Meanz, would this on "peak oil be of interest? World Energy Television: Interview with Richard Loomis (video) http://www.financialsense.com/fsn/video.html

 

Yes, Loomis runs that site I linked below.. http://www.worldenergysource.com/

They have lots of stuff from industry insiders there... the FSO videos are aimed at getting Joe Sixpack to understand the issue... he will not read, much like some here!

 

http://www.boatdesign.net/forums/op...-we-think-about-climate-change-21390-110.html are mostly totally dedicated to their cause and have neither ears nor intelligence to think of other matters of relevant impact/importance - - and may well be those who cry loudest and longest for a handout to alleviate their suffering.....

 

Its become its own industry..