rwieder 0 #101 July 7, 2005 They Patiently Await We need to be energy independendt, we do not need to let the Saudis take further control over the market. See this article, i'll post another in a minute. High oil prices causing a recession is a possibility, but it does mean jobs. Click Here For The Job Postings Here are the jobs i was telling you about.-Richard- "You're Holding The Rope And I'm Taking The Fall" Quote Share this post Link to post Share on other sites
Alias 0 #102 July 7, 2005 PEAK OIL If true, and once realized - watch all hell break loose. It's not about who and how much produces. It's who has the largest reserves - hint Iraq has second largest behind the Saudi's The Hubbert peak theory, also known as peak oil, is an influential theory concerning the long-term rate of conventional oil and other fossil fuels production and depletion. It predicts that future world oil production will soon reach a peak and then rapidly decline. The actual peak year will only be known after it has passed. Carpe Diem Quote Share this post Link to post Share on other sites
billvon 2,989 #103 July 7, 2005 >They Patiently Await That article indicates Saudi Arabia can only increase its output by 500,000 barrels a day. That's half of one percent of the worldwide demand; we'll blow through that in a month of normal demand increases. Scary. Quote Share this post Link to post Share on other sites
billvon 2,989 #104 July 7, 2005 A bit of good news - Cypress Semiconductor just announced commercial availability of a 21% efficient solar cell, which is significantly higher than any previous commercially available cell. Space-grade cells can get to 36%, but they're hideously expensive and are only used on spacecraft and mars rovers. Quote Share this post Link to post Share on other sites
kallend 2,026 #105 July 7, 2005 QuoteA bit of good news - Cypress Semiconductor just announced commercial availability of a 21% efficient solar cell, which is significantly higher than any previous commercially available cell. Space-grade cells can get to 36%, but they're hideously expensive and are only used on spacecraft and mars rovers. Cool, but what we really need is a good perpetual motion machine. Edited to add - even a bad perpetual motion machine would be OK.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kelpdiver 2 #106 July 7, 2005 there's a diverging opinion in the investment markets, with some going with $100 and others expecting a 'crash' down to as low at 40. Short of a major disruption, it seems to me like it's an a plateau for a good while. Quote Share this post Link to post Share on other sites
billvon 2,989 #107 July 7, 2005 >it seems to me like it's an a plateau for a good while. I think it might be a mistake to consider oil like oranges or cattle futures. You can make more oranges and cows. Quote Share this post Link to post Share on other sites
kelpdiver 2 #108 July 7, 2005 There are many sources of oil that were not cost effective to obtain at $30/barrel. They are at 50 or 60. So supply increases, with a certain time lag to set up facilities. Quote Share this post Link to post Share on other sites
StreetScooby 5 #109 July 7, 2005 Back in the 80s, Chevron invested heavily in shale oil extraction technology. It was break even around $60/barrel, at that time. Likewise, Exxon invested heavily in coal gasification technology. Don't know what the break even was, but the project was canned.We are all engines of karma Quote Share this post Link to post Share on other sites
kelpdiver 2 #110 July 7, 2005 QuoteBack in the 80s, Chevron invested heavily in shale oil extraction technology. It was break even around $60/barrel, at that time. I've read that Canadians are moving into shale oil extraction as a result of the current prices. Quote Share this post Link to post Share on other sites
rwieder 0 #111 July 7, 2005 QuoteI've read that Canadians are moving into shale oil extraction as a result of the current prices This is not true. Most majors have contracts for their marketers, and the marketers "Lock In" at a certain price for the majors oil and gas, whether it be $35,00 a BBL of oil or $135.00 BBL of oil, the major (Or Operator) is only recovering the amount that they "Locked in" at. There is no such thing as a "Sliding Scale" to where when the price of oil goes up so does the Operator's revenues. It's the marketers who are making the vast majority of cash. Thus the reasoning for oil companies building and running their own filling stations/convience stores, and at best those are just franchises owned and operated by non U.S. citizens.-Richard- "You're Holding The Rope And I'm Taking The Fall" Quote Share this post Link to post Share on other sites
eaglenrider 0 #112 July 7, 2005 Higher lift tickets? Higher gas prices? Recession? __________________________________________________ Has anyone ever considered that the higher oil prices may be due to the fact that the dollar is worth less? It ain't that oil is worth more. It is a fact that the dollar is worth less! Soon the dollar will be worthless and then you'll really be crying the blues if you haven't prepared. Blues, Cliff You been warned so Don't come knockin on my shelter door! Quote Share this post Link to post Share on other sites
rwieder 0 #113 July 7, 2005 QuoteSoon the dollar will be worthless and then you'll really be crying the blues if you haven't prepared You'll have to splain that one. How can we prepare for the dollar being worthless? Invest in the NYSE? Oh, i get it, stock away thousands of MRE's and endless gallons of H2O in an underground bunker?-Richard- "You're Holding The Rope And I'm Taking The Fall" Quote Share this post Link to post Share on other sites
eaglenrider 0 #114 July 7, 2005 QuoteQuoteSoon the dollar will be worthless and then you'll really be crying the blues if you haven't prepared You'll have to splain that one. How can we prepare for the dollar being worthless? Invest in the NYSE? __________________________________________________ I was thinking about storing 50 gallon drums full of dried beans, rice,and water(BE SURE TO PLACE DRIED ICE IN THE BOTTOM TO PREVENT PESTS). Don't forget the silver , and ammo. Blues, Cliff Quote Share this post Link to post Share on other sites billvon 2,989 #115 July 7, 2005 >BE SURE TO PLACE DRIED ICE IN THE BOTTOM TO PREVENT PESTS . . . I've tried that, but no matter how many times I dry my ice, it always gets wet again for some reason. Quote Share this post Link to post Share on other sites eaglenrider 0 #116 July 7, 2005 I've tried that, but no matter how many times I dry my ice, it always gets wet again for some reason. __________________________________________________ Bummer! Guess you'll be hungry or eating bad beans! LOL! Blues, Cliff Quote Share this post Link to post Share on other sites
billvon 2,989 #115 July 7, 2005 >BE SURE TO PLACE DRIED ICE IN THE BOTTOM TO PREVENT PESTS . . . I've tried that, but no matter how many times I dry my ice, it always gets wet again for some reason. Quote Share this post Link to post Share on other sites
eaglenrider 0 #116 July 7, 2005 I've tried that, but no matter how many times I dry my ice, it always gets wet again for some reason. __________________________________________________ Bummer! Guess you'll be hungry or eating bad beans! LOL! Blues, Cliff Quote Share this post Link to post Share on other sites
kelpdiver 2 #117 July 7, 2005 QuoteQuoteI've read that Canadians are moving into shale oil extraction as a result of the current prices This is not true. Most majors have contracts for their marketers, and the marketers "Lock In" at a certain price for the majors oil and gas, whether it be $35,00 a BBL of oil or $135.00 BBL of oil, the major (Or Operator) is only recovering the amount that they "Locked in" at. There is no such thing as a "Sliding Scale" to where when the price of oil goes up so does the Operator's revenues. Get with the program. If you're sitting on oil resources that only become cost effective when the market price increases, you're not taking contracts out on that oil. You either wait for the price, or for technology to lower the extraction costs. Shale oil extraction is an example - apparently they have large quantities up north that are now viable. Quote Share this post Link to post Share on other sites
rwieder 0 #118 July 8, 2005 QuoteGet with the program. If you're sitting on oil resources that only become cost effective when the market price increases, you're not taking contracts out on that oil. You either wait for the price, or for technology to lower the extraction costs. Shale oil extraction is an example - apparently they have large quantities up north that are now viable. I am the program. It's what i do for a living. Shale gas extraction is nothing new, it's going on right now in East Texas. That said, it doesn't matter what the price of oil and gas is, the marketers aren't going to pay a "floating price" or the going price what ever it may be that particular day, how would they make money? You get with the program and stop making wild statements about something you know nothing about. for more information please go Here -Richard- "You're Holding The Rope And I'm Taking The Fall" Quote Share this post Link to post Share on other sites
Alias 0 #119 July 8, 2005 QuoteQuoteBack in the 80s, Chevron invested heavily in shale oil extraction technology. It was break even around $60/barrel, at that time. I've read that Canadians are moving into shale oil extraction as a result of the current prices. The technology to develop shale oil as a viable resource no doubt exists. It is more expensive than traditional oil drilling and thus has not been seen as economical. Recent increases in crude oil prices resulting more from politics than physical reality have made shale oil more of an option. With that in mind, it puts Canada in the top three in regards to "reserves" Carpe Diem Quote Share this post Link to post Share on other sites
Dougiefresh 0 #120 November 18, 2005 The question isn't "how do we keep people from driving their hummers?" That is an impossibility -- as long as people want them, there will be companies that sell them. "How do we fuel those things with what we've got?" is a question we can start to answer. http://www.setamericafree.org/ Some good ideas here. I wish they'd talk a bit more about biodiesel. Iit seems like our best bet, short-term anyway. Easy to make, uses waste, and no $ sent overseas.Human beings, who are almost unique in having the ability to learn from the experience of others, are also remarkable for their apparent disinclination to do so. --Douglas Adams Quote Share this post Link to post Share on other sites
rehmwa 2 #121 November 18, 2005 Local gas prices dropped to $1.99/gal yesterday still miss 89 cents/gal ... Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants Quote Share this post Link to post Share on other sites
