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The Coming Oil Crisis
- Thread starter capmac
- Start date
I didn't read any of this, but I did write an interesting report in my college english class on Global Warming. I still love the whole "Day After Tomorrow" scenario!
All the fighting over oil and money, yet our childrens children and more generations will suffer I believe.
With all the hurricanes, the strange weather *here at least*, and the average temperature higher than it has ever been, just makes me wonder if all of us are blind to what we all should really be focusing on, the longer term.
hehe, I'm not an environmentalist, but doing that paper opened my eyes to the fact that the thing we fight over in the past *Oil*, very well could end up fighting us in the future and come out victorious. *Also referring to more wars, nuclear warfare, environmental decay*
All that goody good stuff that we think about once in awhile, but seem to always forget.
Just some more food for thought........
All the fighting over oil and money, yet our childrens children and more generations will suffer I believe.
With all the hurricanes, the strange weather *here at least*, and the average temperature higher than it has ever been, just makes me wonder if all of us are blind to what we all should really be focusing on, the longer term.
hehe, I'm not an environmentalist, but doing that paper opened my eyes to the fact that the thing we fight over in the past *Oil*, very well could end up fighting us in the future and come out victorious. *Also referring to more wars, nuclear warfare, environmental decay*
All that goody good stuff that we think about once in awhile, but seem to always forget.
Just some more food for thought........
The only reason why oil still plays such an important role is because its price is absorbable. $70-$100 people will and can pay (might need to cut back on few things and obviously cry hysterically). At $200-$300 or some other obscene level, it will be put to rest with some alternative way.
If we look back in history, there was huge whales hunting industry in mid 19th century, whales were hunted for production of lamp oil. Close to the end of third quarter of the century, the prices became so high that majority of public could not pay them anymore. Guess what, kerosene was invented, and despite huge outcry from whaling industry, it gained huge acceptance.
History tends to repeat itself. I am not sure when this will happen, but at some point oil will no longer be what it is today. Meanwhile, we can profit from trading it.
Regards,
redduke
If we look back in history, there was huge whales hunting industry in mid 19th century, whales were hunted for production of lamp oil. Close to the end of third quarter of the century, the prices became so high that majority of public could not pay them anymore. Guess what, kerosene was invented, and despite huge outcry from whaling industry, it gained huge acceptance.
History tends to repeat itself. I am not sure when this will happen, but at some point oil will no longer be what it is today. Meanwhile, we can profit from trading it.
Regards,
redduke
I loved the scenario as in it was my most favorable to happen *In my report I repeatedly expressed how well the movie portrayed the end of the world* It was a great depiction of what could happen in the future.
I don't "love" it like that, just mis-understood my meaning. I just think it is the most probable situation and I "loved" how the movie brought it all out and stuff. I don't like the results. I'm not a horror movie type of person anyways.
Regardless, doesn't matter if I hate it or love it, so many argue it is too late to do anything about it anyways. Is it true, not sure.
I don't "love" it like that, just mis-understood my meaning. I just think it is the most probable situation and I "loved" how the movie brought it all out and stuff. I don't like the results. I'm not a horror movie type of person anyways.
Regardless, doesn't matter if I hate it or love it, so many argue it is too late to do anything about it anyways. Is it true, not sure.
Quote from traderguy02:
eeehhhh???? it has been stated time and time again....we "know" we have enough oil to last for the next 40-50 yrs...thats not including pulling oil from tar sands (inefficient) such as located in Canada...we have more oil in inventory now than we had back in the late 90s when oil was sub-$20...the real reason oil is so expensive now...is pretty much b/c society has been willing to pay for it...I know for a fact this is not a supply shock like the fella would like to claim...we have plenty...its a "demand shock" which basically means the public is still willing to pay $3 bucks a gallon for gas to drive to an overpriced sporting event or the movies or to Aunt Bea's on the other side of the state. Between now and 40 yrs from now...most of us will be dead so it won't matter...but anyway...I'm fairly sure alternative energy sources will have been perfected for usage and distribution. The only reason we are not blowing full-speed ahead into a hydrogen economy is b/c the oil companies continue to buy up any relevant patents concerning hydrogen production and assimilated products, thus limiting hydrogen exposure to the public.
I agree with most of what you say - do you have a cite for the comment, "The only reason we are not blowing full-speed ahead into a hydrogen economy is b/c the oil companies continue to buy up any relevant patents concerning hydrogen production and assimilated products, thus limiting hydrogen exposure to the public"?
DS
Quote from dougcs:
I agree with most of what you say - do you have a cite for the comment, "The only reason we are not blowing full-speed ahead into a hydrogen economy is b/c the oil companies continue to buy up any relevant patents concerning hydrogen production and assimilated products, thus limiting hydrogen exposure to the public"?
DS
nah...i don't have a documented source...but that is how big business and monopolies work...I'm pretty sure if the fate of the oil industry is in the hands of a few chemical engineers working with hydrogen production...big oil will know how to step in and protect their assets...of course you and I will never know about it
Gasoline soars amid reported shortages
But experts say any disruptions are bound to be small and short as the industry transitions from winter to summer gas.
By Steve Hargreaves, CNNMoney.com staff writer
April 21, 2006: 12:52 PM EDT
NEW YORK (CNNMoney.com) - Gasoline prices popped above $3 a gallon in more parts of the U.S. this week, amid reports of spot shortages in some markets.
Gas prices shot up three cents on average Friday, to $2.855 for a gallon of regular, according to the motorist organization AAA, which says the average is above $3 a gallon in California, Washington D.C., Hawaii and New York,
http://money.cnn.com/2006/04/21/news/economy/gas_shortage/index.htm
But experts say any disruptions are bound to be small and short as the industry transitions from winter to summer gas.
By Steve Hargreaves, CNNMoney.com staff writer
April 21, 2006: 12:52 PM EDT
NEW YORK (CNNMoney.com) - Gasoline prices popped above $3 a gallon in more parts of the U.S. this week, amid reports of spot shortages in some markets.
Gas prices shot up three cents on average Friday, to $2.855 for a gallon of regular, according to the motorist organization AAA, which says the average is above $3 a gallon in California, Washington D.C., Hawaii and New York,
http://money.cnn.com/2006/04/21/news/economy/gas_shortage/index.htm
Like it or not natural resources are limited. Eventually, with more and more people born and people continue with their wasteful consumption----something has got to give!!!
I agree that eventually alternative sources of energy will be developed and used but, we will have more oil in probably 10 years I reckon. The Athabasca Oil Sands of Canada are reported to have as huge oil reserves as Saudi Arabia. It is being developed now and they are able to get oil from the oil sands. It may take maybe, another 5 years for them to develop it to the point that they produce millions of barrels of oil. In the meantime,
we will probably continue to have high oil prices until, we learn our lessons. An expensive lesson at that!!!
I agree that eventually alternative sources of energy will be developed and used but, we will have more oil in probably 10 years I reckon. The Athabasca Oil Sands of Canada are reported to have as huge oil reserves as Saudi Arabia. It is being developed now and they are able to get oil from the oil sands. It may take maybe, another 5 years for them to develop it to the point that they produce millions of barrels of oil. In the meantime,
we will probably continue to have high oil prices until, we learn our lessons. An expensive lesson at that!!!