How high will oil go? I think 100/barrel....

[eilute]

The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

 

[IHateMyJob2004]

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

 

[Engineer]

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

 

[5LiterMustang]

Originally posted by: IHateMyJob2004

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

rofl did I say politicians needed to find oil? heck no I didn't say that, but they wont do their job and help the country build a better more modern power grid. There are answers to our energy concerns, but it'll take washington getting off its ass to do something.

 

[5LiterMustang]

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

 

[K1052]

Originally posted by: IHateMyJob2004

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

Wind and solar energy (specially at their current costs and realistic scales) will do about jack for us as far as our oil needs go.

The only realistic answer is using nuclear power (Gen IV HTRs) for heat to produce hydogen from water and surplus electrical capacity for electrolysis.

 

[2Xtreme21]

Originally posted by: 5LiterMustang

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

Recycling is for enviro freaks.

*drives away in his Hummer*

 

[Engineer]

Originally posted by: 5LiterMustang

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

I'v been following this for two years now. There were two articles in Discover (the above one and a one year followup) magazine. It's time for an update, so hopefully Discover magazine can come up with on. I didn't re-read the article, but IIRC, it only takes 15% of the energy produced to produce another 100% (i.e. 15% of each gallon to make the next gallon). IIRC also, they actually have a fully functional and producing plant running and are looking to add more.

Their website

 

[5LiterMustang]

Originally posted by: K1052

Originally posted by: IHateMyJob2004

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

Wind and solar energy (specially at their current costs and realistic scales) will do about jack for us as far as our oil needs go.

The only realistic answer is using nuclear power (Gen IV HTRs) for heat to produce hydogen from water and surplus electrical capacity for electrolysis.

and we have a winner...thats exactly right. Wind and Hydroelectric are great options, however almost 40% of our nations oil consumption comes in the form of gasoline for transportation. I believe only about 30% goes to heating/cooling/electric needs. So building nuclear power plants, and using nuclear power for the seperation of hydrogen is the only real effecient way to drastically reduce our use of oil. Having nuclear power and using hydrogen could cut our oil consumption in half or more, but like I said earlier, that'll take some effort on the part of Washington.

 

[Engineer]

Originally posted by: K1052

Originally posted by: IHateMyJob2004

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

Wind and solar energy (specially at their current costs and realistic scales) will do about jack for us as far as our oil needs go.

The only realistic answer is using nuclear power (Gen IV HTRs) for heat to produce hydogen from water and surplus electrical capacity for electrolysis.

Under development (refinement?): Solar spray from Canada. Up to 6X as efficient as solar panels, works from any light source including infared. Just spray and play!

 

[charrison]

Originally posted by: Engineer

Originally posted by: 5LiterMustang

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

I'v been following this for two years now. There were two articles in Discover (the above one and a one year followup) magazine. It's time for an update, so hopefully Discover magazine can come up with on. I didn't re-read the article, but IIRC, it only takes 15% of the energy produced to produce another 100% (i.e. 15% of each gallon to make the next gallon). IIRC also, they actually have a fully functional and producing plant running and are looking to add more.

Their website

Last i heard they stop getting their turkey waste for free as they are now getting federal grant for the research. Now that they have to pay for their turkey wastes their production costs have gone way up/

funny how things work...

 

[K1052]

Originally posted by: Engineer

Originally posted by: K1052

Originally posted by: IHateMyJob2004

Originally posted by: 5LiterMustang
How high will oil get before it finally either levels off or starts a decline? I believe this point could be as high as 100/barrel given the circumstances with supply, and the fact that our politicians refuse to help the situation...your thoughts and opinions on this?

Oil prices wil lclimb forever. We need solar and wind power to take off. Nto politicians to find more oil. There is none!

Wind and solar energy (specially at their current costs and realistic scales) will do about jack for us as far as our oil needs go.

The only realistic answer is using nuclear power (Gen IV HTRs) for heat to produce hydogen from water and surplus electrical capacity for electrolysis.

Under development (refinement?): Solar spray from Canada. Up to 6X as efficient as solar panels, works from any light source including infared. Just spray and play!

Looks good if it works and it can be deployed for a reasonable cost.

We will still need a large amount of fixed capacity to produce enough hydogen to displace a large part of our oil usage for transportation needs.

 

[Engineer]

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: 5LiterMustang

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

I'v been following this for two years now. There were two articles in Discover (the above one and a one year followup) magazine. It's time for an update, so hopefully Discover magazine can come up with on. I didn't re-read the article, but IIRC, it only takes 15% of the energy produced to produce another 100% (i.e. 15% of each gallon to make the next gallon). IIRC also, they actually have a fully functional and producing plant running and are looking to add more.

Their website

Last i heard they stop getting their turkey waste for free as they are now getting federal grant for the research. Now that they have to pay for their turkey wastes their production costs have gone way up/

funny how things work...

Figures. Waste that nobody wants and now a nice solution to it all and the corporations now want to charge for it. Gordon Gecko: Greed is good.

I guess cities will now charge to sell them their trash that they are paying to bury....

Doesn't suprise me one damn bit! :|

 

[charrison]

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: 5LiterMustang

Originally posted by: Engineer

Originally posted by: eilute
The price of oil will not decline form it's current price. There are two reasons for this. First the cost of harvesting oil will increase because all the easy oil has already been pumped. Second, demand will continue to increase as countries, such as China and India, continue to industrialize.

It might be possible that we could produce synthetic oil. We might be able to make it out of plants, or from electricity that was generated from coal or nuclear resources. At that point the price might level off.

There have been predictions in the past that we would run out of oil in several decades. We will not run out of oil. The price, however, will go through the roof.

Anything into oil.

HOLY CRAP great article...its weird I was just discussing this with some of the guys at work today. I work in the energy industry and we were talking about making oil from organic compounds, and how it could be done...of course none of us are chemists/physicist but it made for some decent conversation...the way that article read you could get oil from just about anything...what a great way to recycle.

I'v been following this for two years now. There were two articles in Discover (the above one and a one year followup) magazine. It's time for an update, so hopefully Discover magazine can come up with on. I didn't re-read the article, but IIRC, it only takes 15% of the energy produced to produce another 100% (i.e. 15% of each gallon to make the next gallon). IIRC also, they actually have a fully functional and producing plant running and are looking to add more.

Their website

Last i heard they stop getting their turkey waste for free as they are now getting federal grant for the research. Now that they have to pay for their turkey wastes their production costs have gone way up/

funny how things work...

Figures. Waste that nobody wants and now a nice solution to it all and the corporations now want to charge for it. Gordon Gecko: Greed is good.

I guess cities will now charge to sell them their trash that they are paying to bury....

Doesn't suprise me one damn bit! :|

remove the federal subsidy and most of the problem should go away. The subsidy artificially inflate the cost of the waste. Companies should paying worldchanging tech to remove their waste.

 

[dmcowen674]

Originally posted by: charrison

No reall supply issues because of Iraq at this point.


a weaker dollar,

it is stronger than it was a year ago

price gouging by the oil companies,

I will have to disagree on this. Profits do appear to be up, but they are not excessive/ Remember these profits will either go back to shareholders or new enegy developments. Eitherway the profits go back into the economy.



insufficient refinery capacity,


This could cause higher gas prices, but it will not cause higher oil prices. IF anything it will limit our need for oil.



supply issues due to a growing China and India, etc.

On that we can agree.[/quote]

In other words every bit of it is Bullsh!t. Thanks for admitting to it Charrison :thumbsup:

 

[RU482]

Originally posted by: EatSpam

Originally posted by: charrison

It is about to start falling again..

How do you know?

Haha, I thought he was talking about the sky

 

[1EZduzit]

Originally posted by: Vic

Originally posted by: miketheidiot

Originally posted by: Thera
This is a free market, no politicians needed. If you don't like it walk.

there has never been a free market. No will there ever be.

Until the people are free. "The freer the market, the freer the people." Until there is a truly free market, there will not be a truly free people.

I want some of what he's smoking!!

 

[sandorski]

$1gajillion. The price of Oil won't go below $40 again. $80 will be seen before $40, I predict.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

No reall supply issues because of Iraq at this point.


a weaker dollar,

it is stronger than it was a year ago

price gouging by the oil companies,

I will have to disagree on this. Profits do appear to be up, but they are not excessive/ Remember these profits will either go back to shareholders or new enegy developments. Eitherway the profits go back into the economy.



insufficient refinery capacity,


This could cause higher gas prices, but it will not cause higher oil prices. IF anything it will limit our need for oil.



supply issues due to a growing China and India, etc.

On that we can agree.

In other words every bit of it is Bullsh!t. Thanks for admitting to it Charrison :thumbsup:[/quote]



been saying there has been over speculation on oil for some time.

 

[Vic]

Originally posted by: 1EZduzit

Originally posted by: Vic

Originally posted by: miketheidiot

Originally posted by: Thera
This is a free market, no politicians needed. If you don't like it walk.

there has never been a free market. No will there ever be.

Until the people are free. "The freer the market, the freer the people." Until there is a truly free market, there will not be a truly free people.

I want some of what he's smoking!!

So you disagree? Do enlighten as to why.

 

[Vic]

Originally posted by: sandorski
$1gajillion. The price of Oil won't go below $40 again. $80 will be seen before $40, I predict.

You realize that people said the exact same kind of comments back in the 70s, right?

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

No reall supply issues because of Iraq at this point.

a weaker dollar,

it is stronger than it was a year ago

price gouging by the oil companies,

I will have to disagree on this. Profits do appear to be up, but they are not excessive/ Remember these profits will either go back to shareholders or new enegy developments. Eitherway the profits go back into the economy.


insufficient refinery capacity,

This could cause higher gas prices, but it will not cause higher oil prices. IF anything it will limit our need for oil.

supply issues due to a growing China and India, etc.

On that we can agree.

In other words every bit of it is Bullsh!t. Thanks for admitting to it Charrison :thumbsup:

been saying there has been over speculation on oil for some time.[/quote]

I'm truly shocked to see you put the smack down on rich investors.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

No reall supply issues because of Iraq at this point.

a weaker dollar,

it is stronger than it was a year ago

price gouging by the oil companies,

I will have to disagree on this. Profits do appear to be up, but they are not excessive/ Remember these profits will either go back to shareholders or new enegy developments. Eitherway the profits go back into the economy.


insufficient refinery capacity,

This could cause higher gas prices, but it will not cause higher oil prices. IF anything it will limit our need for oil.

supply issues due to a growing China and India, etc.

On that we can agree.

In other words every bit of it is Bullsh!t. Thanks for admitting to it Charrison :thumbsup:

been saying there has been over speculation on oil for some time.

I'm truly shocked to see you put the smack down on rich investors.[/quote]


bubbles happen...And I dont know why you would be shocked, It is pretty obvious that over speculation is happening.

 

[daclayman]

This is the one and only time..


charrison is spot on.

no sarcasm; he's not playing the R card.

:shocked:

 

[sandorski]

Originally posted by: Vic

Originally posted by: sandorski
$1gajillion. The price of Oil won't go below $40 again. $80 will be seen before $40, I predict.

You realize that people said the exact same kind of comments back in the 70s, right?

The '70's were a completely different situation. OPEC refused to Sell Oil to the US back then, now they can't Produce enough to meet Demand.