The Proclaimer

How Low Can Crude Oil and Gas Go?

Fred: Your Manhatten Project may already be here. Check out Shai Agassi's interview:


betterplace.com/press-.../

On Nov 24 10:14 AM Fred Banks wrote:

> Well Socreteazz, I am an expert on the oil market, and I remember
> when writers on Forbes were trying to make Steve Forbes happy by
> agreeing with him that the oil price was going into the tank. In
> one article in Forbes an author agreed with Mike Lynch that the oil
> price was going to fall below $20/b.
>
> As for oil prices below $50-60/b spelling disaster for one country
> or another, that doesn't make any sense at all to me, because I can
> remember when the OPEC countries were hoping against hope that the
> oil price would reach $28/b - which was the upper limit of what they
> defined as their optimal range.
>
> Moreover, it is NOT a bubble or speculation that took the oil price
> to above $100/b. It was, as this year's Nobel prize winner in economics
> confirmed, SUPPLY AND DEMAND, although speculation might have been
> somewhere in the picture, though not nearly as much as certain people
> believe. And it was supply and demand that moved it to its present
> position, and will take it back up when the global macroeconomy is
> put back in order - whenever that might be.
>
> By the way, plug-in hybrids and electric vehicles are an important
> part of the transportation future, but they won't be in time to keep
> the oil price from escalating again after the business cycle turns
> up. To bring that about Michael Moore almost has the right idea,
> which is a Manhattan-TYPE project.

How Low Can Crude Oil and Gas Go?

Last August I said that Crude would have to go below $70 just to keep the Bio-fuel people off the market. I know, I know Algae bio-fuel is not crude but it dose not have to be crude to displace crude in some applications.

Now that the CLEAN COAL TECHNOLOGY is here (but not yet in use), the people that discovered this miracle process, have stated that hydrogen and carbon fibers are the main products of this process. It is a new game now! That said, The 64 TRILLION DOLLAR QUESTION is not how low will crude go but WHAT THE WORLD WILL DO WITH TONS & TONS OF CARBON FIBER AND HYDROGEN that will be available? Oh Yeah THAT'S ALL THE WHILE CO2 as well as all of the rest of GHGs never make it to the Environment. That is IF this CLEAN COAL / HYDROCARBON TECHNOLOGY process is used. I have my ticket do you?