AndyMan

My Thoughts on Oil

I see a lot of people commenting about GDP....GDP really isn't a good indicator of anything.

Its a doctored number....and only measures output.

Say you are building cities......you build 1 city per year on top of all the cities the years before. GDP is 1 city. So 1 extra city for people to live in.

Let's say a disaster comes and knocks down a city that your country has previously built. The next year the GDP doubles and rebuilds one city that was knocked down and builds 1 new city.

GDP doubles....yet only 1 new city was added. Productivity collectively has only grown in real terms by 1 city from the previous year before.

I think GDP numbers aren't a good measure to go by...and are definitely manipulated to some degree....just MO. What effect does this have? The government overinflated GDP and underinflated inflation.....when in real value.....we have been declining for years...some more than it shows. Most people value things by purchasing power of a commodity, gold or some other tangible thing to get a better gauge on productivity growth/dollar growth and inflation.

My Thoughts on Oil

I think what people tend to forget is energy density.....and when it comes to battery powered cars.....you can only pack so much energy in a battery....so battery technology and the weight of the vehicle become very important when considering batteris.

I am pretty sure you could manufacture gasoline or diesel engines that are more efficient than a battery powered car of todays technology. You could probably even muster a 300MPG vehicle....the problem lies in the size of the vehicle. No one in thier right mind would be driving such a small efficient vehicle on 4 wheels next to huge vehicles...and a huge vehicle could be a chevrolet aveo...weighing 2400lbs....but a small fuel efficient vehicle might have a weight of only a few hundred pounds.

In order for vehicles to work with batteries of todays technology....I believe they would need to be a lot lighter....atleast if you are going to go any distance with them.

I look around me and everyone strives to be the most inefficient they can be. Its even engraved into most peoples DNA.

I mean...lets take a look at girls for instance. They typically like guys who own vehicles who suck down gas.....trucks, sports cars, luxury cars....limo's, airplanes (huge plus there), etc.

How much action does the guy get for taking a bus or train? come on!

Think about the size of homes....striving to be bigger and bigger....and half the house isn't even used....bigger TV's etc.

We need the price of oil to increase in real terms for anything to change....oil has been up and down with money supply growth/destruction and nothing else really.