Its the exact opposite, there is way too much oil out there and not enough demand. The western nations have been burning the oil 1st to get it out of the way so that the east cant develop on the cheap like the west did. Did you know Thomas Edison & Henri Ford were bombing around Detroit in an eletric car more than a 100 years ago? 1903 actually, when Edison was pressed by reporters as to why he spent 3 yaers and much funding working on the cars non corrosive Nickle Hydrate Alkaline Battery he replied that no citizens ANYWHERE in the world tolerate fossil fuel emissions in thier cities where they work live and play. Something else to consider - Hemp seed is 30% OIL, can you guess what vegetable oil Mr Diesel designed his motor to burn? The arable USA grown to hemp would provide more than the entire planets energy and nutritional needs. When the empiracal brits mapped out earth they were looking for land to grow hemp! Colonists were given land in exchange they grew 25% of the arable land as hemp for the crown which came to collect every fall. 1936 the global ban was pushed by the US, the same year nylon was patented. Guess what nylon is derived from? The single most valuable commodity thoughout human history until 150 yeras ago was hemp. Not enough OIL ... lol
Just because electric cars are available doesn’t make them viable. Diesel engines aren’t designed to burn anything, they explode it, there’s no real fire, and they certainly aren’t made to burn veggie oil, their designed to burn diesel. Also, vegetable oil can't be used for everything crude can. And as for the supply and demand thing, I just know I', not one to go against hundreds of years of economic thought. They don't call it the LAW of supply and demand because sometimes it works.
Explain oilisgold, I'm guessing DD is research, I'll find you some tommorow. But as I do for you, I expect you to do for me, just saying a bunch of stuff that doesn't make any sence, that you think makes you sound smart, doesn't qualify as a valid arument.
I`m guessing you really are 19, cool. When I was your age I realized that I knew nothing and set out to read thousands and thousands of business section news paper/magazine articles and books until it got to a point where I could no longer derive pleasure from reading as it all became too derivative and repetitive. If I had a need to sound smart I would have become a professor. On the subject of OIL there is just way too much stuff too get into a few posts so you can expect posts of more facts mixed with what might seem like gibberish at first but in time it will all come together for you. You do however seem more interested in the argument than the learning and thats too bad. My objective is to get you to do just that - DD. DD stands for `Due Diligence` - research. Its my personal belief that there is absolutely no need to burn OIL, we could have the exact same level of economic development AND an even better quality of life in our cities due to the clean air. If it was not for the smog I would live in the big city but its just too nasty to breath that CRAP. A man can live for several weeks without food, a few days without water and only a few minutes without AIR. (in 40 years my handle will be airisgold). When I hear kids say a persons basic needs are - food clothing shelter - I like to point out the air and water thing as in the west breathing has long been forgot and overlooked. Kung-Fu teaches me about these things, breathing is way important dude. Did you know that $10K worth of catalytic equipment on a standard car can clean the exhaust gasses enough that a new born baby could breath from the tail pipe?
First of all, I seem to be the only one of us mature enough to realize that age has nothing to do with it. Just because you had your "epiphany" at 19 doesn’t mean I didn’t have it at 10. "Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place." - Abigail Von Buren. Your right there is too much to write in a few posts, however; that doesn’t mean that you cant make an entire summarized coherent post. One of the best ways to learn is to defend your argument, and a truly wise man knows when he's beaten. I don't disagree with you that there is no need to burn oil. There’s also no need to drink alcohol, or as a better example there’s no need to put our garbage in landfills instead of ultra efficient incinerators. However, whether we are willing to pay a pile of money to have it that way is doubtful. Did you know that $10,000 can keep 21 families in Africa alive for a year?
First of all, I seem to be the only one of us mature enough to realize that age has nothing to do with it. Just because you had your "epiphany" at 19 doesn’t mean I didn’t have it at 10. "Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age. But only if the grapes were good in the first place." - Abigail Von Buren. Your right there is too much to write in a few posts, however; that doesn’t mean that you cant make an entire summarized coherent post. One of the best ways to learn is to defend your argument, and a truly wise man knows when he's beaten. I don't disagree with you that there is no need to burn oil. There’s also no need to drink alcohol, or as a better example there’s no need to put our garbage in landfills instead of ultra efficient incinerators. However, whether we are willing to pay a pile of money to have it that way is doubtful. Did you know that $10,000 can keep 21 families in Africa alive for a year?
IMO, the future is in Hydregon and Fuel cell power and not Oil. Yes Oil will always be importent, but other things like Hydregon and fuel cell, plus Solar will be a big factor in the future
Hydrgen may very well be the fuel of the future but the question is wether it will be easily accessable at a reasonable price before the worlds oil becomes dangerously low. The same thing goes for solar power. As for the worlds oil running out I'll quote a post of lemonbutt's and yu can check the info out yourself.
"The oil peak is expected to happen in 2012. This is when half of the world's oil will be pumped already, leaving only half left. This sounds harmless, but it will be an "economic Hiroshima". Exit Mundi has an excellent scenario which describes the oil peak in simplest terms: http://www.exitmundi.nl/oilcrash.htm " - Lemonbutt
Hydrgen may very well be the fuel of the future but the question is wether it will be easily accessable at a reasonable price before the worlds oil becomes dangerously low. The same thing goes for solar power. As for the worlds oil running out I'll quote a post of lemonbutt's and yu can check the info out yourself.
"The oil peak is expected to happen in 2012. This is when half of the world's oil will be pumped already, leaving only half left. This sounds harmless, but it will be an "economic Hiroshima". Exit Mundi has an excellent scenario which describes the oil peak in simplest terms: http://www.exitmundi.nl/oilcrash.htm" - Lemonbutt
Thats great you guys are into this OIL subject, how could you not be?!?! Merch - I know what you mean, when I was 4 years old I was certain that many/most adults were liars and full of it so I/my parents opted for the `experiental` style of education and only at 19 did I start cracking the books HARD CORE, for a few years I was reading a book a day. At 35 my reading trailed off and I`m about to turn 39 in june, yikes. Your assumption about the value of years of experience may be somewhat misguided however, the ONLY way one can truely appreciate its value is to have a little =). I have been fully addicted to stocks since I bought NT at the very very bottom at $0.93.TO and have been a stocks junkie since but still consider myself a WAY novice for my lack of years with 7 more years of learning curb ahead! I`m into that old europe/farmer hard core work ethic thing. Speaking of grapes I am growing some of the BEST! - Cabernet Sauvignon, Merlot, Cab Franc and Pinot Noir. They are on year 3 from graft and have maybe 2 more before fruit but the weather here in quebec blows. My retirement goal is a Northern California Vinyard/Winery. I have been making all grain beer for oh I dont know, 11 years or so. My grandfathers grandfather was Emil Christian Hansen, the 1st to propagate pure brewers yeast at the Carlsberg Brewery Laboratory in 1883 on Nov. 11th so its kind of in my blood the brewing thing ... I cant wait to see those grapes! I have several cultivars of hops too on year 2 from rhizome. OH CRAP! attack of the clones is on - samuel jackson! ciao oil burners, expect more OIL & gibberish posts!
Yeah ugh I used to have a Fortune mag subsription through the mid nineties and EXACTLY this was predicted but many insiders did reveal that at $50 per barrel most of it becomes econimically viable(under ice, water, tarsands pssssst - COS if oil stays$50 and it wont) at which price there is 200 years supply at current consumption. Raise the price = more years...
"High crude prices in recent months have slowed the growth of oil demand modestly, Federal Reserve Chairman Alan Greenspan noted Friday in a speech before the Economic Club of New York.
World oil prices are down more than $11 a barrel from the highs set back in early April. Seigle contended oil prices could drop to the low $40 range in late June or early July."
Looks like the high oil prices are defaintly slowing down demand, hopefully keeps lowering the price.
As oilisgold said it, raise the price=more years, =less demand,= lower amounts of oil used.
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