Hmm?!

Why Is Oil Trading at $53 When Supply and Demand Is So Bearish?

Some factors that were not fully flushed out.

>> Oil will become less expensive to developing countries as the US dollar crashes. At $150 a barrel to us.....but the dollar was 35% lower just last year....which means $97.50 a barrel to them.

>> India and China will not be sadled by the CO2 cap and trade bullshit! If any enviro-idiot wants to speak at this point, please post a link to relevant data that shows an increase in global temperature. I have been waiting to see that since 1990!!!

>> Since AC power can not be stored like DC power, what are we supposed to with our solar panels and windmills when it is cloudy or calm outside?? We might as well build a moonbase.

Buffett on Alt Energy

CAN WE ADDRESS THE REAL PROBLEM!!!

The real problem which may never be addressed at this rate.......there is no incentive to store AC power. Just plenty of non-toxic ways to do it (another story).

Twelve years ago I wrote a paper on how North America was becoming one large power grid. So Peaking units that only provided useful power 5 to 7% of the day could be mothballed.

Basically it took several days to get a large generator up, running and in sync with the grid. It still can't be done in a day.

So every 24 hours we provide for peak demand, waste horrendous amounts of electricity.............. I have to listen to enviro-idiots talk about solar panels (future toxic waste) and windmills.

Until we have a total brownout one cloudy or calm day and have wasted billions of dollars. Maybe then the envir-idiots will say.... there are green ways we could store all this AC power stuff. We got tons of it every night.

You mean turning down my AC and walking around in the dark for 20 years actually wasted more power than it saved......did almost zero for the environment? Yes unfortunately it does everyday.