Oil hits new all time high
#31
Re: Oil hits new all time high
Actually if this is peak oil we should've been making serious changes back in the late 1980s. I read somewhere that a 20 year lead time was needed to avert a major slowdown, and a 10 year lead time to avert a catastrophic one.
The military will have enough oil: remember it is going to go to the highest bidder. The military will requisition the funds to remain supplied, you can be assured of that. Its the rest of us that should worry.
I don't think America is prepared for both the housing crisis and $4.50 gas simultaneously.
The military will have enough oil: remember it is going to go to the highest bidder. The military will requisition the funds to remain supplied, you can be assured of that. Its the rest of us that should worry.
I don't think America is prepared for both the housing crisis and $4.50 gas simultaneously.
Yup.
The gasoline situation is stressful and of course it will get worse, but the thing that worries me the most is the coming bad news with home heating. It's easier (in the short term) to adapt to the transportation challenge; drive less, buy a better car, perhaps move closer to work. But home heating is a different animal. Here in the Northeast we have an enormous inventory of VERY old, utterly energy inefficient, houses. Retrofitting them is such a nightmare that it really would make much more sense to just tear them down and rebuild from scratch (which of course, isn't going to happen).
Even now, the poor, especially in the inner cities cannot pay their heating bills. And you know what the answer is; the utilities charge the people who can pay their bills more to subsidize the people who cannot pay. And I think it's inevitable that sooner or later the politicians will get into the act and start raising taxes to pay for additional public help for the poor. It's going to be very difficult to watch people freeze to death. I don't think very many people have the stomach for that; not even practical, hard headed types like me.
#32
Re: Oil hits new all time high
On ethanol as a fuel I was recently reading Richard Heinberg's "The Party's Over" and he had some observations on that. Depending on your assumptions the EROEI (Energy Return on Energy Invested) is between .59 - 1.34. Anything below 1 is a net loss of energy and oil historically has been >4.
Funnily enough the whole ethanol complex also sees huge amounts of government money subsidizing large corporations.
On another point, one thing that older vehicles need to be careful of is that fuel line components may not be designed to resist high alcohol concentration and it's acidic properties.
Last edited by bwilson4web; 03-12-2008 at 06:29 PM.
#33
Re: Oil hits new all time high
Yup.
The gasoline situation is stressful and of course it will get worse, but the thing that worries me the most is the coming bad news with home heating. It's easier (in the short term) to adapt to the transportation challenge; drive less, buy a better car, perhaps move closer to work. But home heating is a different animal. Here in the Northeast we have an enormous inventory of VERY old, utterly energy inefficient, houses. Retrofitting them is such a nightmare that it really would make much more sense to just tear them down and rebuild from scratch (which of course, isn't going to happen).
Even now, the poor, especially in the inner cities cannot pay their heating bills. And you know what the answer is; the utilities charge the people who can pay their bills more to subsidize the people who cannot pay. And I think it's inevitable that sooner or later the politicians will get into the act and start raising taxes to pay for additional public help for the poor. It's going to be very difficult to watch people freeze to death. I don't think very many people have the stomach for that; not even practical, hard headed types like me.
The gasoline situation is stressful and of course it will get worse, but the thing that worries me the most is the coming bad news with home heating. It's easier (in the short term) to adapt to the transportation challenge; drive less, buy a better car, perhaps move closer to work. But home heating is a different animal. Here in the Northeast we have an enormous inventory of VERY old, utterly energy inefficient, houses. Retrofitting them is such a nightmare that it really would make much more sense to just tear them down and rebuild from scratch (which of course, isn't going to happen).
Even now, the poor, especially in the inner cities cannot pay their heating bills. And you know what the answer is; the utilities charge the people who can pay their bills more to subsidize the people who cannot pay. And I think it's inevitable that sooner or later the politicians will get into the act and start raising taxes to pay for additional public help for the poor. It's going to be very difficult to watch people freeze to death. I don't think very many people have the stomach for that; not even practical, hard headed types like me.
Last edited by Chris(CA); 03-12-2008 at 12:13 PM. Reason: Spelling
#34
Re: Oil hits new all time high
Oil companies also realise they are at or close to peak oil, everybody whines about refining capacity being low so why don't they just build some more refineries? (its not the environmentalists blocking them) The reason they won't build any more is because it takes 10 years to build one and they know in 10 years the oil supply will be less than it is now, so there will be an EXCESS of refining capacity and a shortage of oil.
A sad and frightening thought.
#35
Re: Oil hits new all time high
Plus, keep in mind the oil companies are pretty happy sitting back and collecting ever-higher prices for their refining. No need to build new refineries when they are reaping record profits. And, it's in their best interest, too, to stretch out the consumption time-frame. They stay in this profitable oil-refining business that much longer if the oil isn't ALL used up as quickly. Before the end-of-oil, they'll move on to other things (in order to survive), but it's just too easy right now - it's a big cash cow.
#36
Re: Oil hits new all time high
We should all be this guy: evnut.com
If darelldd can do it, and 12 years ago even (Rav4EV and EV1), why not now, and why not more people? Well, that's been answered above (oil profits). And no, ethanol is NOT the answer, sorry.
If darelldd can do it, and 12 years ago even (Rav4EV and EV1), why not now, and why not more people? Well, that's been answered above (oil profits). And no, ethanol is NOT the answer, sorry.
#37
Re: Oil hits new all time high
Couldn't help bumping this thread. Remember that only little more than a month ago, some experts argued that oil prices would fall back to around USD 90/bl, soon. And good ol' Dick C was going to middle-east to talk prices down. Oh, yeah.
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