Jim Rogers: Oil will hit $100

Quote from 2cents:

read up on hydrogen engines, current battery technology etc
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OK, I got it. If we have a source that is unreplanishable, but we switch to another source that makes the original source replanishable.

Thanks....

We were talking about oil, its quantity and usage not hydrogens...

Sure, if we get another technology that can replace the current oil usage that will extend the timeframe when oil is still being used. Nevertheless, since we still will be using oil for various purposes, we will still run out of oil.

So you only pushed the INEVITABLE farer in time but didn't stop it from happening.

Ponderable: Why a guy called Rockefeller said "Oil is too valuable to burn it in engines"? (but what did he know about oil, right?)

Hint: try to make plastic or pesticids from hydrogen...
 
but why don't u just read the bloody 3 page report for yrself? they don't even make any assumptions as to any substitution-type techs... i am just mentioning this cause it seems pretty obvious that, although not properly quantifiable at this juncture, this stuff is now clearly happening and its going to be a major additional factor pretty soon... when it starts hitting retail for good, its just gonna snowball like you've never seen... there'll still be uses for oil of course, at 2$/barrel... how much this plastic bag again? :p :p :p
 
Quote from 2cents:

but why don't u just read the bloody 3 page report for yrself?
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Well, if we get a slow day tomorrow, I promise to take a look.

I personally welcome any new inventions that take us off of the crude addiction. Nevertheless it is almost too late, at least it didn't prevent 2 ongoing oilwars...

Ponderables:
- If the new invention is so promising, why don't you send the link to the White House? They sure could use some ideas. Instead of the military solution.
- As you said its promise is unquantifiable, thus if it is going to spread in 2015 it will be probably 5 years late at least.
- Any new competitive invention is a danger to the oilindustry and they have the incentive to kill it like they did to the electric car.
- Personal hydrogen cars are OK, but would be a nice solution for trucks, trainengines,ships, heavy machinery too....
 
Nearly all these "facts" can be disputed and I have not enough space here to do it. Couldn't be bothered! Oil price will drift down to around $35 per barrel by 2009 or even before that.
Peak Oil Theory is nonsense supported by fudged evidence IMHO.
 
Quote from Alex_in_Oz:

Nearly all these "facts" can be disputed and I have not enough space here to do it.
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Yeah, I could explain the Meaning of Life, but got to run!! :)

I really feel like talking to kindergarteners:

Alex: PO is nonsense
Pekelo: PO is fact
Alex: PO is nonsense
etc.etc.....
 
Since 2cents likes the government so much here is a chart that was done by them:



Interestingly, the above document has now disappeared from the US Department of Energy website.

But here is evidence that the government doesn't even use its own data:

"Particularly revealing was an episode in the winter of 2003, when the US Secretary of Energy replied to the question of a journalist asking for the reason for rising natural gas prices with a reference to the statistics of Raymond&James. He didn’t refer to data of his own administration but he quoted industry analyses which were totally contrary. So much (or so little) regard has the Secretary of Energy for the analyses of his own administration.
"
 
Quote from Pekelo:

Well, if we get a slow day tomorrow, I promise to take a look.

I personally welcome any new inventions that take us off of the crude addiction. Nevertheless it is almost too late, at least it didn't prevent 2 ongoing oilwars...

Ponderables:
- If the new invention is so promising, why don't you send the link to the White House? They sure could use some ideas. Instead of the military solution.
- As you said its promise is unquantifiable, thus if it is going to spread in 2015 it will be probably 5 years late at least.
- Any new competitive invention is a danger to the oilindustry and they have the incentive to kill it like they did to the electric car.
- Personal hydrogen cars are OK, but would be a nice solution for trucks, trainengines,ships, heavy machinery too....
More...
dude, whatever... go long oil all you want... someone has to, right? might as well be u ;-) but make sure you cash in on any future spikes, don't be too greedy
 
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