cynic69

Megaprojects Predict Decline of Oil Production

This is the most ridiculous collection of BS I have ever read. There are no set of alternatives or technologies that can make a significant dent in the 86 million barrels the world consumes everyday. For example there are currently 880,000,000 gasoline/diesel powered vehicles on the road worldwide. Do you think a few thousand Preius are going to an affect. I don't think so.

Why $200 Oil Is Good for US Markets

Ueser 199792 - but but but someday we are going to run out of oil for the 800,000,000 million oil fired vehicles that are on the road worldwide. What will we do with all those freeways when no one can afford to buy and gas?

Why $200 Oil Is Good for US Markets

How about making it illegal for corporations to lobby the congress. That would be a step toward making our system a true democracy!

Geologist: In Terms of Supply and Demand, the Oil Peak Is Past

Many futurerists are predicting a major die off as the peak oil catastrophy unfolds. I just hope that the first to die off are the status quo conservatives who won't take the time to investigate and understand the peak oil study and what it means for our children and grandchildren.

GM May Hit $200 Before Oil Does

Sebass - Have you read Howard Kunstler's "The Long Emergency"? He has some stunning ideas about peak oil. He says that their are NO alternatives to cheap, easy to get crude oil and that all this talk about sustainable alternatives is non-sense. He also says that it's way too late to be trying to solve the problem with wind and solar.

GM May Hit $200 Before Oil Does

Dear Sean - I am entertained by you analysts who fall back on previous experience for coming to conclusions about the future. Here is one economic king pin that has changed the world forever.
Part of the trap that has been set for us by big business is the idea that we must buy a big fancy car and spend big money for tires and maintenance. It’s the only way to prove you are a real man. It’s a sure fire way to get laid. This building selling and maintaining of cars forms one of the major key stones for the American economy (other keystones are big houses, flat screen TVs and designer frocks). When the folks who can’t afford the gasoline for a big car start riding the bus or switching to one of those silly little puddle jumpers, this keystone is going to be radically diminished. Just think about the cascading numbers of people who earn their livelihood serving the millions who currently depend directly on the auto industry for their daily bread. It boggles the mind. I suspect that most common stocks are only going to sell for a small fraction of their current price when the idea finally sinks in that Americans can only really afford one of those silly little low cost, cheap to maintain puddle jumpers, like the ones they drive in Europe.
Here is another scary thought. The same thing can be said for airline industry, only worse.

GM May Hit $200 Before Oil Does

Pretzel Logic - You are confused about what "peak oil" means. It has NOTHING to do with how much oil there is on the earth. The earth will NEVER run out of oil. Peak oil only has to do with "production rate". If the rate of production can't keep up with the demand the market will force the price to skyrocket. Eventually this trend will result in shortages which will be disastrous. Twenty of the largest oil fields are experiencing production rate reduction. These rate reductions have many different causes but the reasons don't matter, the result is "peak oil". In addition to production rate reductions there is the matter of billions of Chinese and Indians who are buying subsidized gasoline for their new cars and taking a Sunday drive. This will insure that demand increases forever. The republicans are screaming drill, drill, drill. One problem is that all the worlds drill rigs are currently in use. The cost of building new rigs is skyrocketing because of the higher prices of diesel. These higher prices for rigs must be amortized by charging more for the oil that is eventually produced. And so it goes.

Introduction to a Long Lecture on Oil

Have any of you readers seen the kind of stupid crap that goes on in the Senate as they debate what to do about energy. These "law makers" are so ignorant and stupid it defies description. There is zero talk about the "peak oil" study and what effect it might have on the situation. I have an idea that might be a step in the right direction. Lets stop charging income taxes for the nations railroads and at the same time institute a one dollar per gallon sales tax on diesel. What you say, that will bankrupt the trucking industry. Guess what, we should have never allowed a long haul trucking industry in the first place and besides that the trucking industry is a dead man walking and will be extinct very shortly anyway.

Oil: Time for Caution

rtrob99 hit the nail on the head. I am ready to short oil when the world economy starts to decend into chaos.

3 Aspects to Pricing Oil

This is a stupid article. M. King Hubbert has the answer to why the price of oil is going up.

Nigeria: The Elephant in the Corner

Jim Pursley - "We live on an oil planet in an oil universe. We will never run out of hydrocarbons. Ever.
". You are absolutely right when you say we will never run out of carbon energy. The problem is that some time in the not to distant future the price of extracting carbon energy is going to be more than the resulting product. It currently costs $600,000 dollars to lease a deep ocean drill rig. How many days have to go by before you have spent more than the value of the oil that is buried under the ocean? Some times the drillers spend billions only to find there is no oil at all. There is a domino affect involved because as the price of oil escalates so does the cost of operating the rig. This same logic applies to all alternative carbon energy schemes (oil shale for example).

Crude Inventory Down; Gasoline Inventory Up: Whither Pump Prices?

"When the US finally gets serious about ridding us from the tyranny of oil, the "Saudi royals" will be hanging from bridges as the oil economies of that region will collapse."

Who in U.S. do you think is going rid of of this tyranny? How do you think we are going to do this? The politicians are too stupid and corrupt. Industry leaders are only concerned about their total income at the end of the next quarter. If John Kennedy or Franklyn Rosevelt were president we could take over the failing car companies and build a zillion electric cars (like we did in world war II). We could abolish long haul trucking and rebuild the rail industry. We could give tax credits for solar upgrades and insist that all new construction be as green as possible. We could stop building freeways (urban sprawl) and prevent folks from commuting long distances.

The truth is that none of these things are going to happen. We are in a world of trouble.

A Closer Look at the Impact of Higher Gasoline Prices on Driving

Imagine the effect that less driving is going to have on the U.S. economy. Hundreds of millions of people are involved in building cars and maintaining them. As the total number of miles driven decreases the number of layoffs in the auto industry is going to increase. These layoffs are going to throw the economy into a tailspin. When folks get layed off they won't need to drive to work. This feedback loop is going to be very nasty. Similar problems are going to occur in the airline industry.

Speculation and the Price of Oil

Digger - Its way too late to develop any alternative that will offset a meaningful amount light sweet crude. The oil lobbies have always put the cybosh on the development of workable alternatives. Read Kunstler's "The Long Emergency". He says that it will take 30 years of hard work by industry to make a dent in the 20 million barrels of oil we currently use everyday. In the mean time we can expect starvation, chaos and energy wars.

Speculation and the Price of Oil

Right on Merger Mania! In addition to what you said our "friends" in OPEC don't need to export as much oil because they are making so much money at current levels. This is a pathalogical feedback loop that will gurantee that oil prices will continue to increase forever.