CloroxCowboy

2008 Performance of Stocks, Oil, Dollar, Long Bond

I'm disappointed because I already know the basic info, which is all these guys ever provide. What I expect from authors on this site (and I hope it's not an unrealistic expectation) is some kind of added insight. I have no problem with anyone posting a graph or talking about events in the past, but if that's all there is to the article perhaps the title should be:

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

I agree with the sentiment that weaning ourselves off oil (globally if possible, but mandatory in the US) is by far the sanest course of action. The sooner we start on that course, the faster this painful episode will be over, and woe to us all if we haven't made great strides in clean renewable energy by 2030. The world economy is addicted to oil as if it were heroin. We all sound like a bunch of drug addicts these days, "I know there's more out there, we just have to find it...one more hit man".

1,238 Billion Barrels of Oil Reserves: Is This an Oil Price Bubble?

I'm depressed that humans as a species have not managed to evolve beyond this. Will people in the future laugh when they remember us in the early 21st century fighting over liquified dinosaur remains? Where is my flying car already?

An Oil-Driven Paradigm Shift?

Wake up people...electric or hybrid vehicles are NOT any sort of solution at this point. Anything that is dependent on electricity today is just as much of a drain on supplies of non-renewable resources as using regular unleaded. For example, one person charging their electric car requires a microscopic increase in the power supplied by the electric grid. If everyone in the country switched to electric vehicles, the additional demand for electricity would be huge. As of 2006, only 28.8% of electricity was produced using nuclear or renewable energy sources...the remainder comes from burning coal, oil, or natural gas. So where does the increased supply of electricity come from in my example above?

In the short-term we can't crank up the hydro, wind, solar, or nuclear production too much...we will be forced to buy and burn more fossil fuels. So as much as we would love to believe that going electric is the same as going green, it's just not the case yet. We MUST put at least as much effort (probably more) into cleaning up the production of electricity as we do weaning our cars off gas.