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Old 07-11-2008, 02:50 PM
 
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Quote:
Build 300 Trillion windmills if you want, it won't have any effect on oil prices.
When electric heat is cheaper than heating oil, it will reduce demand for heating oil.
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Old 07-11-2008, 03:10 PM
 
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Originally Posted by sterlinggirl View Post
When electric heat is cheaper than heating oil, it will reduce demand for heating oil.
Sure, it is that way across all the energy markets. When the various prices merit it, they do become exchanged. In many areas heat (electric) from windmills is a good mix as it is often windy when heat is needed.

At the individual small site level -- typically a house or few buildings -- heat systems are used as "dump loads" for windmills.

Presently the most difficult replacement/substitution areas for oil are aviation, back-up electric generation, and manufacturing. While even those can be done without oil, they have the furthest reaches to do at current economics.
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Old 07-11-2008, 03:34 PM
 
Location: Earth
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Default News not good from the Saudis...

Saudis not confident in production capbility

Uh-oh.....
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Old 07-11-2008, 03:49 PM
 
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I would say that the most difficult areas are transporation period. Wihtout this demand which includes so many different types there would be no oil crisises at all. Any alterantive in the near furture will be expensive and unikelty for some time to come considering the infrastructure needed.
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Old 07-17-2008, 01:24 PM
 
Location: Chino, CA
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Well, Oil has dropped about ~$17 from it's all time high at $147. With China, India, and other emerging nation's growth slowing, subsidies taken out, and the unexpected increase in supplies this week in both Crude (Saudi pumping more?) and Gas, Oil is finally actually looking at the supply and demand dynamics.

Are the drops temporary? Or has investors finally realized that there is a "global" slow down... and that price fixing doesn't work.

-chuck22b

Last edited by chuck22b; 07-17-2008 at 01:40 PM..
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Old 07-17-2008, 01:37 PM
 
Location: Boise, ID
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It is amazing to me how many people consistently underestimate the market. At some point oil prices will get to the point that the economies that rely on oil can't bear the costs. OPEC (with a notable exception or two) has no interest in driving the American and World economies into the ground. Then prices will have to come down because demand will slow or decline.

Hopefully we have seen the highest prices we will see for a while. But at this point who knows?
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Old 07-18-2008, 03:18 AM
 
3,283 posts, read 4,757,208 times
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Quote:
Originally Posted by chuck22b View Post
Well, Oil has dropped about ~$17 from it's all time high at $147. With China, India, and other emerging nation's growth slowing, subsidies taken out, and the unexpected increase in supplies this week in both Crude (Saudi pumping more?) and Gas, Oil is finally actually looking at the supply and demand dynamics.

Are the drops temporary? Or has investors finally realized that there is a "global" slow down... and that price fixing doesn't work.

-chuck22b
price fixing?
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Old 07-18-2008, 04:18 AM
 
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I think we are in a downward trend for a while. However, if you could look at a future chart, say 5 years out, you would likely see a striaght angled line pointing right up to $200 a barrel. Sure there will be a few dips here and there along the way, but the high price of oil is here to stay. I predict it will bounce around between $118-$150 for the next 12 months, but the overall trend will still but up.
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Old 07-18-2008, 06:50 AM
 
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the scary thing about the prospect of oil going down is that we won't have learned a thing. gm will call off it's launch of the volt, people will trade in their corollas for excursions etc (btw- i mean all of that figuratively!)
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Old 07-18-2008, 09:44 AM
 
Location: Boise, ID
1,356 posts, read 5,592,974 times
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Quote:
Originally Posted by 58robbo View Post
the scary thing about the prospect of oil going down is that we won't have learned a thing. gm will call off it's launch of the volt, people will trade in their corollas for excursions etc (btw- i mean all of that figuratively!)
This is a very valid concern. Hopefully prices will remain low enough to spare us economic pain but high enough to maintain economic discomfort so that the development of alternatives will continue. We also need the discomfort (or fear) level to remain high that Congress will concede to Americans' demands to tap our own resources.
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