Jet Fuel Prices WILL Be Climbing A LOT, and Soon

[atpcliff]

The peak of liquid oil already occurred. The peak of oil produced from all sources, including fracking, shale, synthetic oil, will also occur. There is not an unlimited supply of oil to be fracked, etc. However, it does sound like the total oil production may go down before the total oil peak, because of the cost of extracting/making non-liquid oil. As the direct cost of extracting non-liquid oil, and making synthetic oil goes up, at some point the direct costs to produce it will be higher than the direct price that it can be sold for, hence a total oil production decline.

Renewable energy is THE ONLY long-term solution, and it is also the cheapest long-term solution.

The more money we put into operations such as fracking, the less money we have to put into renewable energy. Because our oil supply is limited, putting money into more indirect ways of producing oil is very counterproductive in the long run. We would be MUCH better off, both economically and physically, to stop putting money into fracking and instead put it into renewable energy.

The sooner we get to 100% renewable energy, which will occur at some point, the more money we will save and the healthier we will all be.

 

[pilotyip]

The sooner we get to 100% renewable energy, which will occur at some point, the more money we will save and the healthier we will all be.

Yea like those windmills you are constantly tilling at that produce energy at 4-5 times the cost of carbon energy plants and kill millions of birds in the name of green. Then you get the Califorina problem when the wind doesn't blow or the sun doesn't shine so they import electricty from neigboring states at high cost in the name of green while comdemming the neightboring states about their lack of concern for the environment.

 

[PCL_128]

The peak of liquid oil already occurred. The peak of oil produced from all sources, including fracking, shale, synthetic oil, will also occur. There is not an unlimited supply of oil to be fracked, etc. However, it does sound like the total oil production may go down before the total oil peak, because of the cost of extracting/making non-liquid oil. As the direct cost of extracting non-liquid oil, and making synthetic oil goes up, at some point the direct costs to produce it will be higher than the direct price that it can be sold for, hence a total oil production decline.

Renewable energy is THE ONLY long-term solution, and it is also the cheapest long-term solution.

The more money we put into operations such as fracking, the less money we have to put into renewable energy. Because our oil supply is limited, putting money into more indirect ways of producing oil is very counterproductive in the long run. We would be MUCH better off, both economically and physically, to stop putting money into fracking and instead put it into renewable energy.

The sooner we get to 100% renewable energy, which will occur at some point, the more money we will save and the healthier we will all be.

So, to translate, what happened is exactly what we told you was going to happen: increased prices spurred increased supply. Oil companies found more oil by resorting to new and more effective methods. Just like we told you they would. Furthermore, the middle eastern oil fields haven't reduced their production as you and your peak oil buddies claimed, further helping to make you look delusional.

I'm no fan of fracking, nor am I much a fan of oil in general. It's long past time that we put real efforts to switching to renewable energy. But anyone pushing this peak oil nonsense, especially now, is a complete loon.

 

[DieselDragRacer]

Cliff, I got a hot stock tip the other day on a place called Solyndra you might like.....