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Old 05-04-2008, 06:37 AM
 
7,139 posts, read 13,155,772 times
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Who needs hybrids when you can get one of these?

Home: eGO Vehicles
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Old 05-04-2008, 07:51 AM
 
29,739 posts, read 34,757,208 times
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Originally Posted by GregW View Post
Please note the commodity speculators are having a party with these prices. They want the prices to inflate as much as possible for as long as possible so they can steal as much as possible. Their world is based on inflation and we all pay the inflated price for their party.

In the next couple of years oil prices will fall to a level just below the price that makes alternatives economically feasible. Until then we will have to pay the pumper of do without unless we have enough savings to join the speculators.
Your premise has merit but it is not stealing it is commodity trading and their are funds that allow Joe Average to join the party. Just remember that you can lose your shirt like speculators do. It is not a guaranteed gravy train. Yes $200bbl oil will make life as we know it very different. We will see a reduction in SUV's and mega trucks etc. We will see greater awareness on the part of the consumer. People will adjust the distance between home and work. Thermostats will go down in the winter and up in the summer. Yes life for some will be different. For those able to profit from the production change they will see increases in their portfolio. Consider how much it cost to get the oil out of the ground, transported several times and refined? That with some additional cost are the base line cost of production and distribution. The excess is profit to be shared by those who are willing to take the risk.
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Old 05-04-2008, 05:34 PM
 
Location: Ohio
19,683 posts, read 14,144,272 times
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Originally Posted by CarolinaBredChicagoan View Post
Yet another reason to move beyond oil. We have the technology.
You don't need technology, you can go back to the 1980s and make your cosmetics with pig fat.
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Old 05-04-2008, 05:42 PM
 
Location: Ohio
19,683 posts, read 14,144,272 times
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Originally Posted by Lakewooder View Post
OMG all those people who fled to far-flung suburbs and exurbs to overgrown tract homes will now admit they were wrong?
No, it doesn't work that way. They'll blame you and me and then want to tax the snot out of us to subsidize whatever fantasy they have in mind to "remedy" the situation.
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Old 05-04-2008, 06:00 PM
 
3,255 posts, read 4,576,015 times
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Originally Posted by Mircea View Post
You don't need technology, you can go back to the 1980s and make your cosmetics with pig fat.
how about women stop paying outrageous amounts of money to put charcoal on their eyelashes, and grease on their face while complaining they do not have enough money for food or gas? Priorities?
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Old 05-04-2008, 06:28 PM
 
7,270 posts, read 13,490,925 times
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Originally Posted by Mircea View Post
You don't need technology, you can go back to the 1980s and make your cosmetics with pig fat.
Um. Why?

We really are hell-bent on sticking to a paradigm that works, but could work so much better.

The problem with resources like solar, wind, hydrothermal, tidal, etc, is that once the sites are built and simple maintenance is taken care of, there is no real profitability there for the suppliers of fuels. It's more capital expenditure (capex) and less operational expenditure (opex). If you look at nations like Iceland, they went from having to import ALL fuel to being a magnet for corporations in energy-intensive industries due to their cheap, reliable geothermal power. They're tiny. We're massive.

Between solar in the desert southwest, wind in the midwest/great plains, and geothermal in the more tectonically/geothermally active regions, we're all set for energy. If we want to have a few clean coal plants or nuke plants as a backup, I suppose that's fine. They don't need to make up a massive amount of the picture, and we can end harmful practices like mountaintop removal for the sake of coal-mining.

We subsidize the heck out of fossil fuels, and don't do much more than pure lipservice for truly renewable, clean resources that could lead to TRUE energy independence, cleaner air, cleaner water, and an overall healthier landscape. Why? It all amounts to money and influence. Those who benefit from carbon have the politicians in their pockets. The pols provide tons of tax breaks and subsidies for the carbon producers. Back 1 scratches back 2, and vice versa.
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Old 05-04-2008, 08:22 PM
 
Location: Ohio
19,683 posts, read 14,144,272 times
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Originally Posted by TnHilltopper View Post
I was just reading a bloomberg article that was refuting the "oil bubble" notion. It went on to say that due to the falling US dollar, what would normally be a bubble that would pop and return to a lower level will in this case likely sustain.
That is correct.

I just appointed you the Angolan Secretary of Trade and you have a trade agreement to import 550,000 worth of goods from the EU every month.

You're selling oil for $55/barrel and $1 = 1 so everything is peachy, you sell 100,000 barrels of oil, you get $550,000 and convert that 550,000 Euros and fulfill your contract.

But what happens if $0.64 = 1 ?

You sell 100,000 barrels of oil and you get $550,000 and convert that into 352,000 ooops! Big problem. You're short a little cash and you're going to default on the contract and be forced to resign your position as Trade Secretary.

What do you do? Simple, raise the price of oil from $55/barrel to $86/barrel and now when you sell 100,000 barrels of oil, you get $860,000 which is worth 550,000 and you're problems are solved.

Currency values are supply and demand based. Even though the UK has had an annual inflation rate twice that of the US since 1974, the British Pound Sterling has always been stronger than the US$, because it's limited supply and high demand as an international reserve currency.

The value of the US$ has not declined because of inflation, or actions by the Federal Reserve or any "bubbles," but because of US foreign policy, excessive US consumption of resources (the US is 4% of the world's population but consumes 29% of its non-oil resources), and because world is changing.
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