Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
If you think that the filthy tar sand production of oil in Alberta will save us from peak oil you would be dreaming. Demand will exponentially increase because of China and India. The threshold for producing from the tar sands is in the $70-80 a barrel range. Any lower and it is not as economically viable- paricularly below $50 due to the energy being needed to produce the crude is more than what is recovered. We have the tech to make highly efficient vehicles that get over 100mpg easily. We will need that tech as soon as the global growth model returns with a vengance. Be prepared for $150-200 a barrel oil soon. We have gone through a very long recession and oil is still around $80 a barrel. What does that say?!
No, not at all. The standard is E10 not E85. E85 is 85% ethanol and not required anywhere due to cars needing some modifications to run E85. GM makes duel fuel vehicles and you can find E85 at some gas stations in the midwest.
You're forgetting that full implementation of the E95 Standard isn't until 2012.
Quote:
Originally Posted by jimhcom
"The US Department of Defense, the UK industry taskforce on Peak Oil, Honda, and the German military, they have all come to the conclusion that we will reach the point of peak oil within 5 years".
So what? They have reached that conclusion every year for the last 30 years.
Maybe one day they'll be right.
Quote:
Originally Posted by GraniteStater
We have the tech to make highly efficient vehicles that get over 100mpg easily. We will need that tech as soon as the global growth model returns with a vengance.
Then you will ruin your economy.
I've explained this more times than I care to do so, thus I'll just highlight some talking points.
1) You benefit dramatically from the quantity of oil you use for gasoline in automobiles. Speaking in terms of Economics, that benefit is derived from something called 'Economies of Scale."
2) It is precisely, exactly, clearly, absolutely, accurately, as well, correctly, definitely, even, expressly, for a fact, for sure, just so, literally, no mistake, on the button, on the money, on the nose, plumb, right, sharp, smack, smack-dab, specifically, square, squarely, strictly because you don't get 100 mpg that you can have all the cheap things you have.
3) Your world (in the US) is inextricably linked to oil. You are married to oil, and her name is specifically "Foreign Light Imported Oil" and no judge will grant you a divorce.
4) If a judge should go insane and grant you a divorce from "Foreign Light Imported Oil" then you will pay alimony through the freaking nose for the rest of your miserable life, because that will be about 5 Million jobs directly or indirectly related to "Foreign Light Imported Oil" that you will lose and never get back.
When I say you are inextricably linked to oil and that oil is your life I mean that in every literal sense.
You drink "Foreign Light Imported Oil" all the live long day every day. It is the artificial colorings and flavorings in your beverages.
You eat "Foreign Light Imported Oil" all the live long day every day. It is the artificial colorings and flavorings in your food, and by the way, it has to have those artificial colorings or flavorings or you won't eat it as you have already proven in the past because it looks funky and tastes like crap (yeah that's why a bunch of companies went belly up when micro-waves first became popular because that was before International Flavors and Wild Flavors and Givaudan were making their oil goo for food).
Everything you touch has "Foreign Light Imported Oil" in it from the soaps and shampoos, to the hair gel and colorings, to shaving cream to dish detergent to liquid laundry detergent to every single cosmetic currently made.
It's also in the all of the clothes you wear. Why do you think you have 58 shades of blue instead of 3 shades?
Every single pharmaceutical that has come out of lab since 1994 is full of "Foreign Light Imported Oil" (where do you think "gel-caps" come from?).
So go ahead and get happy with your cars that get 100 mpg.
You'll just be slitting your own throat.
Reduce your demand of "Foreign Light Imported Oil" and reduce the demand for gasoline and you decrease the supply of petro-chemical feed stocks used to manufacture and produce your entire life.
And when Supply decreases while Demand remains constant or increases, what happens to Price?
If you think that the filthy tar sand production of oil in Alberta will save us from peak oil you would be dreaming. Demand will exponentially increase because of China and India. The threshold for producing from the tar sands is in the $70-80 a barrel range. Any lower and it is not as economically viable- paricularly below $50 due to the energy being needed to produce the crude is more than what is recovered. We have the tech to make highly efficient vehicles that get over 100mpg easily. We will need that tech as soon as the global growth model returns with a vengance. Be prepared for $150-200 a barrel oil soon. We have gone through a very long recession and oil is still around $80 a barrel. What does that say?!
This is right. The issue is not running out of oil. The issue is running out of cheap oil. A reduction of 2% in world production will have a huge impact on prices. It is also a issue of human nature which is when their is a perceived shortage of something people and nations tend to hoard. Many countries, who are exporters of oil today, will need to cut exports in order to satisfy domestic consumption in the future.
You're forgetting that full implementation of the E95 Standard isn't until 2012.
Um, the US wont be switching over to 95% ethanol in 15 months.
You can't run high concentrations of ethanol, even over 10% in regular engines without ruining them very quickly as ethanol corrodes certain materials.
You're forgetting that full implementation of the E95 Standard isn't until 2012.
So what? They have reached that conclusion every year for the last 30 years.
Maybe one day they'll be right.
Then you will ruin your economy.
I've explained this more times than I care to do so, thus I'll just highlight some talking points.
1) You benefit dramatically from the quantity of oil you use for gasoline in automobiles. Speaking in terms of Economics, that benefit is derived from something called 'Economies of Scale."
2) It is precisely, exactly, clearly, absolutely, accurately, as well, correctly, definitely, even, expressly, for a fact, for sure, just so, literally, no mistake, on the button, on the money, on the nose, plumb, right, sharp, smack, smack-dab, specifically, square, squarely, strictly because you don't get 100 mpg that you can have all the cheap things you have.
3) Your world (in the US) is inextricably linked to oil. You are married to oil, and her name is specifically "Foreign Light Imported Oil" and no judge will grant you a divorce.
4) If a judge should go insane and grant you a divorce from "Foreign Light Imported Oil" then you will pay alimony through the freaking nose for the rest of your miserable life, because that will be about 5 Million jobs directly or indirectly related to "Foreign Light Imported Oil" that you will lose and never get back.
When I say you are inextricably linked to oil and that oil is your life I mean that in every literal sense.
You drink "Foreign Light Imported Oil" all the live long day every day. It is the artificial colorings and flavorings in your beverages.
You eat "Foreign Light Imported Oil" all the live long day every day. It is the artificial colorings and flavorings in your food, and by the way, it has to have those artificial colorings or flavorings or you won't eat it as you have already proven in the past because it looks funky and tastes like crap (yeah that's why a bunch of companies went belly up when micro-waves first became popular because that was before International Flavors and Wild Flavors and Givaudan were making their oil goo for food).
Everything you touch has "Foreign Light Imported Oil" in it from the soaps and shampoos, to the hair gel and colorings, to shaving cream to dish detergent to liquid laundry detergent to every single cosmetic currently made.
It's also in the all of the clothes you wear. Why do you think you have 58 shades of blue instead of 3 shades?
Every single pharmaceutical that has come out of lab since 1994 is full of "Foreign Light Imported Oil" (where do you think "gel-caps" come from?).
So go ahead and get happy with your cars that get 100 mpg.
You'll just be slitting your own throat.
Reduce your demand of "Foreign Light Imported Oil" and reduce the demand for gasoline and you decrease the supply of petro-chemical feed stocks used to manufacture and produce your entire life.
And when Supply decreases while Demand remains constant or increases, what happens to Price?
Oh, yeah, it goes up. Congratulations.
I'm laughing at the superior intellect.
You diverted my question into an off-topic tangent about how oil is ingrained in nearly every consumer product. However, I already know that. The issue is multi-faceted with respect to miles per gallon that vehicles can achieve. If we increase efficiency we reduce some of the demand for tar sands- which is equivalent to an enormous coal mine.
Of course the big pharma, big ag, etc want cheap oil, but these big corps have to compete for whatever natural resources that are out there based on supply and demand relative to consumption level changes in developing countries.
Right now, the CPI has stayed flat as inflationary trends are low. That could change if the developing countries ramp up growth and demand for energy increases.
you guys are tooooo funny: basically whatever happens happens and to try to predict is just silly. to be honest i wouldnt waste 1 minute trying to predict the future direction of things. i know i cant....
the real question is whats your financial plan? and what if your wrong?
thats whats important and that is where your thinking should be.
a good financial plan DOESNT RULE OUT UNCERTAINTY,IT PLANS FOR IT.
instead of trying to predict peak oil or the demise of the country your thoughts should be in better constructing a portfolio that allows you to profit and never be devastated by any economic event be it deflation or hyper-inflation etc. you need to think more about that plan no matter what the outcome is just in case your soothsaying is wrong.
generally you end up with analysis paralysis and never act once you start anayzing all the what ifs...the successful person puts more into planning then worrying about things that may never come to pass.
Um, the US wont be switching over to 95% ethanol in 15 months.
You can't run high concentrations of ethanol, even over 10% in regular engines without ruining them very quickly as ethanol corrodes certain materials.
higher quantities of ethanol in nyc then stated on the pump (10%)has caused many high pressure fuel pumps in the turbos to fail in bmws.at first bmw denied the warrany claims and said it was a fuel issue but now they issued an extended warranty to cover them. high ethanol destroys lots of components in a car.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
