Kid good article on OIL fileds yet be developed are part of future required OIL .
One way it is scary to see where we get all that oil as the current oil fields are diminishing as shown in the graph.
On the other hand, we have today 50 mpgh ( miles per gallon ) Hybrids for $23k price. In five years ( by 2016) if the price drops to $15k matching regular car prices , half of US will be using these cars that will solve some oil problems.
same case with China. if US , China , India if 50% use hybrid cars in next 7- 10 years , we may not see major oil scarcity . we still need oil the same way we are using it today , but major panic scarcity will be avoided .
of course US and rest of the world will build nuclear to support all the electricity needed for these Hybrid cars in next 10 years.
One way it is scary to see where we get all that oil as the current oil fields are diminishing as shown in the graph.
On the other hand, we have today 50 mpgh ( miles per gallon ) Hybrids for $23k price. In five years ( by 2016) if the price drops to $15k matching regular car prices , half of US will be using these cars that will solve some oil problems.
same case with China. if US , China , India if 50% use hybrid cars in next 7- 10 years , we may not see major oil scarcity . we still need oil the same way we are using it today , but major panic scarcity will be avoided .
of course US and rest of the world will build nuclear to support all the electricity needed for these Hybrid cars in next 10 years.
It wasn't IV's entry at that level as I didn't even see his until I had posted my own entry. I drew some horizontal lines last night. And one was the Tuesday high of 89.57. And I think somehow seeing that I saw it as some support. Resistance becomes support. Shakes his head. In retrospect, a pretty sketchy support level. 