famos

Forget $100 a Barrel - Oil Will Plummet to $30

The author makes some good points, but to agree with them you can not be influenced by your oil stock holdings, i.e. don't be afraid, it's not going to change over night. Although, the short term solution is staring you right in the face.

The ultimate short term solution:

The ample energy source exists, the manufacturing process exists, the delivery infrastructure exists, the storage facility exists, the vehicle technology exists, the price competitiveness exists - all things exist, that's why it's called short term. It's even been successfully tested.

1. Ample energy source = Coal. 100 years known energy reserves.

2. Manufacturing process = Fischer-Tropsch, coal to clean diesel..

3. Delivery = same as existing pipelines, tankers, trucks.

4. Storage = same existing refiner tanks & gas station tanks.

5. Vehicle technology = ships, plans, trains, trucks, cars run on
diesel.

6. Competitiveness = cost equivalent to $30±. per barrel of oil.

7. Successfully tested = German army, Second World War.

Probably the solution is too easy to accept. Sorry I wasted your time.