Oil prices peaked
01-30-2008, 07:50 AM
#61
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Joined APC: Nov 2005
Posts: 1,425
Only if we use foodstock to produce biofuel (ie corn). Take a gander at the article I posted about using Algae for biofuel. It makes some pretty convincing arguments.
01-30-2008, 08:39 AM
#62
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Joined APC: Mar 2006
Position: rj 700/900
Posts: 506
No doubt that the cooling US economy may release demand for oil...
But I still don't see a big price drop. If oil is at $90/barrel today, I can't see it going any lower than $80/barrel before Memorial Day. Then what is going to happen come summertime. My prediction is the price will be sustained over $100/barrel. And guess what, the price is only going to get higher and higher (long term).
I have decided that my vote in the 2008 presidential election is going to be based entirely on who has the best stand on getting the US off of our addiction to oil. And I am not just talking foreign oil. I am talking about oil...PERIOD!!!
Getting the US off oil helps so many of our problems (the economy, the environment, defense, and energy cost). I feel fixing this one problem could lead to a prosperous nation by helping all of these major issues.
Drilling in ANWR, off the shore of Florida, off the shore of California, and other places is a SHORT TERM solution to a long term problem. It is like putting a band aid on a gushing open wound. Yes it will increase supply, but ultimately it will eventually run out, and in a few years we will be right back where we started with an energy crisis, except we will have destroyed some of the most sacred environment on earth in the process.
The solution to the energy crisis is not to drill for more oil. The solution is to switch to a form of energy that is not a natural resource. A form of energy that will not run out. What are some examples? Renewable energy such as wind power, hydro power, solar power. Also add some nuclear power in the mix (not too much!). Develop an all electric car that can go 80mph, and has a 200 mile range, and you can plug it in to charge at night. We don't quite have the technology to power our entire nation on renewable energy, and we don't quite have the battery technology for an all electric car with the same utility as a gas engine. But we are almost there. WE JUST HAVE TO INVEST IN THE TECHNOLOGY!!
$100/barrel oil is not enough to cause the free market to switch to renewable energy. Gas at $3 a gallon is not enough to cause the free market to switch to renewable energy. It will take gas in the $6/7/8/9 a gallon range to cause a noticeable reduction in driving and a noticeable increase in purchase of hybrid/plug in hybrid/all electric cars. So I hope we either invest in this technology to get our nation off of our addiction to oil. If that does not work, then I have to hope that the free market causes this to happen (and that includes $200-$250/barrel oil).
Long story short...The price of oil is only going to go up until we switch to renewable energy and non-gas (or atleast capable plug in-hybrid) cars. Increasing supply is only a short term solution to a long term problem (and only an idiot would drill in ANWR or off the california coast). The price of oil is only going up.
But I still don't see a big price drop. If oil is at $90/barrel today, I can't see it going any lower than $80/barrel before Memorial Day. Then what is going to happen come summertime. My prediction is the price will be sustained over $100/barrel. And guess what, the price is only going to get higher and higher (long term).
I have decided that my vote in the 2008 presidential election is going to be based entirely on who has the best stand on getting the US off of our addiction to oil. And I am not just talking foreign oil. I am talking about oil...PERIOD!!!
Getting the US off oil helps so many of our problems (the economy, the environment, defense, and energy cost). I feel fixing this one problem could lead to a prosperous nation by helping all of these major issues.
Drilling in ANWR, off the shore of Florida, off the shore of California, and other places is a SHORT TERM solution to a long term problem. It is like putting a band aid on a gushing open wound. Yes it will increase supply, but ultimately it will eventually run out, and in a few years we will be right back where we started with an energy crisis, except we will have destroyed some of the most sacred environment on earth in the process.
The solution to the energy crisis is not to drill for more oil. The solution is to switch to a form of energy that is not a natural resource. A form of energy that will not run out. What are some examples? Renewable energy such as wind power, hydro power, solar power. Also add some nuclear power in the mix (not too much!). Develop an all electric car that can go 80mph, and has a 200 mile range, and you can plug it in to charge at night. We don't quite have the technology to power our entire nation on renewable energy, and we don't quite have the battery technology for an all electric car with the same utility as a gas engine. But we are almost there. WE JUST HAVE TO INVEST IN THE TECHNOLOGY!!
$100/barrel oil is not enough to cause the free market to switch to renewable energy. Gas at $3 a gallon is not enough to cause the free market to switch to renewable energy. It will take gas in the $6/7/8/9 a gallon range to cause a noticeable reduction in driving and a noticeable increase in purchase of hybrid/plug in hybrid/all electric cars. So I hope we either invest in this technology to get our nation off of our addiction to oil. If that does not work, then I have to hope that the free market causes this to happen (and that includes $200-$250/barrel oil).
Long story short...The price of oil is only going to go up until we switch to renewable energy and non-gas (or atleast capable plug in-hybrid) cars. Increasing supply is only a short term solution to a long term problem (and only an idiot would drill in ANWR or off the california coast). The price of oil is only going up.
http://clubs.ccsu.edu/recorder/edito...asp?NewsID=188
The Toyota Prius does more enviromental dammage than the Hummer.
Last edited by bla bla bla; 01-30-2008 at 03:02 PM.
01-30-2008, 09:08 AM
#63
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Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Here is the man himself, M King Hubbert, discussing peak oil. He was a Shell geologist and spent much of his life in the oil patch. Most people laughed at him back in the 50's when he predicted peak oil...in the US at that time, for every barrel of oil we used, we were discovering 6 new barrels...yet years later as oil began to peak in oil producing nations around the world, people began to take him very seriously. Watching him is sort of like watching your grandpa discuss oil supply, neat stuff. I'll take Hubbert over an economist any day.
http://www.youtube.com/watch?v=ImV1voi41YY
http://www.youtube.com/watch?v=ImV1voi41YY
01-30-2008, 09:53 AM
#64
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Joined APC: Jan 2008
Position: 767 FO
Posts: 396
Here are some clips from Matt Simmons as well. He's knowledgeable re: oil and he has devoted much of his life to the study of peak oil. He has some excellent data...I really believe as a pilot that this info. from Hubbert/Simmons is very important stuff. I'm not trying to sound negative here...we're fortunate in that we may be one of the last generations to have the privilege of flying airplanes.
http://www.youtube.com/watch?v=4IwtAQzrfiw
http://www.youtube.com/watch?v=4fo3sxhBylw
http://www.youtube.com/watch?v=4IwtAQzrfiw
http://www.youtube.com/watch?v=4fo3sxhBylw
01-30-2008, 12:03 PM
#66
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Joined APC: Mar 2007
Position: Sabre 60
Posts: 203
First thing I look at when reading an article is who wrote it:
Central Connecticut State University
They are not even the biggest university in Connecticut! Ok, I will be sure to take this article with a grain of salt. I would trust it a little more if it were put out by Stanford, Harvard, Yale, etc...
Next comment is on the environmental damage caused by electric cars. First off, the Toyota Prius IS NOT an electric car. The Toyota Prius is a gas car that stores excess energy in a battery to help power the car at slower speeds. An electric car would not have a Nickel battery, it would probably have a Lithium Ion battery (like the one in your laptop). Would you rather have a Lithium Ion battery (in an electric car), or a lead-acid battery (in virtually every gas powered car). You don't need to be an engineer to know which one is better for the environment.
Batteries are not the best thing for the environment, and we know that. But how about a hydrogen fuel cell car. Water is not damaging to the environment. How do you get H2 on earth?? You use electricity. This is why we need an alternative source of electricity. How we store the energy is the second part of the equation.
But yeah, Central Connecticut State University... yeah
Central Connecticut State University
They are not even the biggest university in Connecticut!
Ok, I will be sure to take this article with a grain of salt. I would trust it a little more if it were put out by Stanford, Harvard, Yale, etc...Next comment is on the environmental damage caused by electric cars. First off, the Toyota Prius IS NOT an electric car. The Toyota Prius is a gas car that stores excess energy in a battery to help power the car at slower speeds. An electric car would not have a Nickel battery, it would probably have a Lithium Ion battery (like the one in your laptop). Would you rather have a Lithium Ion battery (in an electric car), or a lead-acid battery (in virtually every gas powered car). You don't need to be an engineer to know which one is better for the environment.
Batteries are not the best thing for the environment, and we know that. But how about a hydrogen fuel cell car. Water is not damaging to the environment. How do you get H2 on earth?? You use electricity. This is why we need an alternative source of electricity. How we store the energy is the second part of the equation.
But yeah, Central Connecticut State University... yeah
01-30-2008, 12:09 PM
#67
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Joined APC: Oct 2005
Position: 737 Right
Posts: 955
If it was really a concern I suppose you could replace your truck with an economy car until alternative fuel vehicles are more affordable....
01-30-2008, 01:26 PM
#69
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Joined APC: Sep 2007
Posts: 207
When I get back from my tour (very last tour at that) in Bahrain I'll get a different (car). One that's better on fuel and insurance but only because it's good for the environment....joking.
Last edited by CPOonfinal; 01-30-2008 at 01:34 PM.
01-30-2008, 02:08 PM
#70
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Joined APC: Oct 2005
Position: 737 Right
Posts: 955
You've just gotta do it right. But I digest....
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