| Author |
Message
|
| StatTrader |
 Posted: Fri Nov 23, 2007 4:38 am Post subject: |
 |
|
Member Of The Month! April
|
|
| Back to top |
|
 |
| Im Not Warren Buffett |
| Posted: Fri Nov 23, 2007 7:53 am Post subject: |
|
|
CFO
|
From various get-togethers I've had in the last week, I've found many people (across all demographic spectrums) don't know of/understand the concept of "Peak Oil."
One particular difficult thing to grasp is the infrastructure issue - namely, once we find a new fuel source, how will establish a supply chain? Consider all the pipelines, gas stations, etc. that currently feed our energy needs, and the enormous cost to build out a new system - this is why I believe the logical next energy source is going to be much more low-tech than most believe (i.e. coal synfuels). |
|
| Back to top |
|
|
| ithatheekret |
| Posted: Fri Nov 23, 2007 8:16 am Post subject: |
|
|
Investing Sr. Associate
Joined: 22 Nov 2007
Posts: 51
This Month: 0
4011.94 e$
Net worth: 10,041.94
Portfolio Value: 6,030.00
Monthly Return: -37.02%
Trades this month: 0
Churn Rate: 0.00%Items
|
I think the simple calculation on supply and demand should firts be looked at 83Mbpd supply 85Mbpd demand . After that the growth rates of each must be calculated , I have the demand side growing to 104Mbpd within 10 years . Mainly because of emerging countries , which could well overtake US consumption . The finds of late even though they are called significant , are mere drops in the ocean , probably equating to no more than an extra 6-8Mbpd .
That puts a whole new light on oil consumption and the discount at which the fuel was being sold at .
I've heard figures of $101 if inflation was taken into account , but the statistic for that data only goes back to the 70's , other data predating that shows that when inflation is taken into account , the real value per barrel is at $116 . |
|
| Back to top |
|
|
| ithatheekret |
| Posted: Wed Nov 28, 2007 5:33 am Post subject: |
|
|
Investing Sr. Associate
Joined: 22 Nov 2007
Posts: 51
This Month: 0
4011.94 e$
Net worth: 10,041.94
Portfolio Value: 6,030.00
Monthly Return: -37.02%
Trades this month: 0
Churn Rate: 0.00%Items
|
| The Saudis caught a group trying to blow up a line or something , at these level , thank heavens they were on to them . |
|
| Back to top |
|
|
| Grimreaper |
| Posted: Wed Nov 28, 2007 7:24 am Post subject: |
|
|
CFO
|
Holy guacamole! A while back whilst Stat was still waitin fo da divi cut on CVX....and Sim Clickman was wondering why VLO keeps gettin swamped...there wassa VERY astute mawket commentater who said RIG from around $95 (at the time) was one of the few mit sum "juice" left to it. WOW! Did yuns see RIG?!...and one mo queschun>>>>Who was dat masked man?!!  I wonder if that guy would be sellin RIG in here.  I wonder if it is time to "buy the pullback" on VLO, CVX, or COP?  |
|
| Back to top |
|
|
| frusnak |
| Posted: Wed Nov 28, 2007 4:03 pm Post subject: |
|
|
CFO
|
Very interesting comments in the article.
We need to stay with the current fuel dispensing/distribution
type of system. I believe the future is in fuel cell technology.
At first it would be dispensed as a liquid fuel source.
Alcohol produced from natural grasses. By using this source
there would be a significant reduction in the demand for
pesticides, fertilizers, herbicides and fuels to run the various
farm implements needed to disperse all these petroleum based
products!
The use of tidal, wind and solar power to generate
our electrical needs. Sounds like a lot of good paying local jobs
could be created. Employed people paying taxes vs unemployed
no or low tax paying.
Something to think about.  |
|
| Back to top |
|
|
| StatTrader |
| Posted: Mon Jan 28, 2008 10:40 am Post subject: |
|
|
Member Of The Month! April
|
|
| Back to top |
|
|
|
|
stock market game on the web. At eInvesting you compete for monthly cash prizes while you interact, make virtual dollars, purchase items, and trade in the realistic stock market simulator. We make investing FUN!
