CA1900
Big Member
- Joined
- Mar 17, 2002
- Posts
- 5,436
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Wrong again Cliff!Hi!
This is it. Peak Oil is here now. I think the fractionals are looking better and better.
http://www.ajc.com/business/content/business/stories/2007/02/20/0220bizoil.html
QUOTE]
Relentless economic pressures will send oil — now selling for just under $60 a barrel — steadily toward the stratosphere, Hamilton said. "If Saudi Arabia is in decline, then oil is way too cheap."
Saudi Arabia, the Elephant in the closet of oil production, is in decline. GM/Ford/Chrysler better pull out all the stops in getting fuel efficient vehicles and/or alternative fuel vehicles in showrooms NOW, or one or more of them is going Chapter 7.
cliff
LRD
He is pushing 74's at AtlasWhere's atpcliff.....he's got some explaining to do. :laugh:
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.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.
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.