Jackson Cash

Don't Believe Long-Term Oil Forecasts

You are cherry picking technologies.

One could place a small nuclear reactor into the size of a grapefruit, capable of running an automobile (or similar sized machine) for 1000 years.

The only thing it would need is water in the tank instead of oil (byproduct is H2O - clean).

What we have is a cornered market on nuclear uses -- WHY!? Because there is money left on the table if corporations (the only entities sizable enough to corner the market) can't sell you more expensive product in the near term.

Wake up fools, there are answers everywhere but not if one doesn't look and expand their technology horizon.

Energy problems have the one common simple solution of social will. Non less than the blubbering corporatists paying for politics against this will. BOOO HOOO!

You sharts keeping the conversation around oil are the problem.


On Nov 09 11:31 AM Kevin_T wrote:

> Only a major technological breakthrough can alter the ever-rising
> importance and price of oil. This is because of a few basic facts.
>
>
> 1.) Everything that moves uses oil. Oil is essentially the only
> mobile fuel. That means cars, trucks, buses, trains, aircraft and
> ships all need it every day. Huge quantities of it. Without it stores
> would be empty, most people could not get to work, factories would
> close because of no raw materials and millions or billions of people
> would quickly face starvation.
>
> 2.) World population continues to grow. For this reason more oil
> will be needed every year even if living standards do not increase.
> We could not feed nearly the number of people on the earth today
> without abundant oil, let alone a population that continues to rise.
> Food production and distribution is highly oil dependent and there
> is no substitute.
>
> 3.) Developing countries need more oil to develop, because development
> means more things have to move. Labor, raw materials, finished products
> and waste products all need more oil as commercial development takes
> place.
>
> 4.) Oil is such an enabler because it contains a large amount of
> chemical energy per unit of volume and weight. It is liquid at normal
> temperatures and can be pumped between containers easily. It is
> easily stored.
>
> So the only thing that can disrupt oil's very necessary role is some
> technology that can enable energy from, say, nuclear or coal power
> to be used as a mobile fuel. For example, a battery that could store
> the energy in a 200 liter tank of diesel fuel in a similar size and
> weight and be recharged as easily as a tank can be refilled. <br/>
>
> No current technology comes close. Today's best batteries would
> need over a 10 times increase in energy density and most wear out
> quickly with frequent recharging. Many smart people over the years
> have worked on this problem with only small incremental improvements.
> It is not a problem easily solved.
>
> So, keep your eye on technological developments but in the meantime
> stay invested in oil. Barring a revolutionary disruptive new technology
> the role of oil is safe because it is so necessary.

Oil Won't Stay Down for Long

dw57 is absolutely correct!!

The oil market was cornered by none other than big banks and investment banks buying up the price. Merrill, Morgan, Citigroup, BAC etc. One can thank them for the strangle at the pump -- everyone else benefited from convenience.