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Location: planet octupulous is nearing earths atmosphere
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i think if and when the world economies start to rebound enegy is going to go off the charts strait up to the sky..... and dragging the world economy back in the hole!!!cheap energy is the key to a prosperous world economy!!!!!!!! but all i smell is bacon burning on the grill hmmmm smell that porkulous..am i the only one that thinks that cheap energy is key to long term survival??
Cheep, green, and renewable. No matter how cheap it is for a while, fossil fuels will run out eventually, so it is better to invest in renewable energy that is much more stable in price.
i think if and when the world economies start to rebound enegy is going to go off the charts strait up to the sky..... and dragging the world economy back in the hole!!!cheap energy is the key to a prosperous world economy!!!!!!!! but all i smell is bacon burning on the grill hmmmm smell that porkulous..am i the only one that thinks that cheap energy is key to long term survival??
It is.
That's where capitalism is. When there is tons of money to be made, more people will enter the market to provide it. Granted it will take some time, but it will eventually be brought down.
The government will try to do the only thing it can do, interfere. Price controls, followed by shortages and long lines (remember odd numbered plates in the 70s?)
The more we get off oil the lower the revenues that are spread throughout the world. Unless China and others grow substantially our move towards lower oil consumption is a definite way to spread economic turmoil throughout the world. Could you imagine if the US also practices protectionism in trying to get of oil dependence. Sounds like the making for some testy times. Oil prices won't go back up for a while or until they make some dramatic adjustments of supply. We won't be building homes for a long time with the excess supply we have now. You'd be amazed to know the amount of oil it takes to bring and make the materials used in new homes these days from the plumbing to the wood to the HVAC system and about 90-99% of everything else you can think of. Home prices and gas prices usually coincide.
It's going to happen sooner than we think. OPEC is slashing production big time and since it takes so long for that to actually show on the market by the time the US starts to pick up consumption again OPEC will have cut it's production so short it will take months for it to get back on track. I don't like the way that sounds.
If you've ever seen gas rationing it sucks.
The US has plentiful supplies of domestic oil. Now would actually be the most strategically advantageous time to develop these new supplies so they will be ready and available when the price inevitably goes back up, helping bridge the transition to more renewable supplies. Of course, leave it to politicians to persue the exact opposite strategy. With all of the typical shortsightedness found in Washington DC, efforts to supress domestic US producers now will only result in an even faster price spike in oil prices once global economic activity picks up again.
Far from enough to quench our thirst for it. In fact, more like a drop when you need a bucket. About 20 million barrels per day is no joke, more so when people here refuse to conserve. We could conserve more today than we could get from drilling in several years from now.
It is time to look beyond oil, and build an economy not dependent on just one source.
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