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All Is Not Lost, The Future of Oil
From Sea to Shining Sea ^ | 4/26/08 | Purple Mountains

Posted on 04/26/2008 11:46:11 AM PDT by PurpleMountains

Periodically people take a look at the plateauing of oil reserve discoveries and oil production and compare that to the rapid increases in demand – particularly as China and India become more industrialized. They then declare that “peak” oil supplies have been reached, and the world will soon be plunged into a struggle for the remaining supplies. I made this mistake a couple of years ago, when I also concluded that the “peak” was upon us. Now, we all know that something weird is going on in oil markets as the price of oil and gasoline is advancing in large increments on a daily basis. Some, who know nothing about how these prices are set, believe it is the result of a conspiracy by oil companies.

(Excerpt) Read more at forthegrandchildren.blogspot.com ...


TOPICS: Politics
KEYWORDS: biofuels; braziloil; ethanol; peakoil

1 posted on 04/26/2008 11:46:12 AM PDT by PurpleMountains
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To: PurpleMountains

Look. If oil really had no future, if it were really running out, I assure you, there wouldn’t be people working their little tails off to penalize using it. Now would there?


2 posted on 04/26/2008 11:49:37 AM PDT by the invisib1e hand (media is now a double-edged sword; it's no longer a billy-club in the hands of the big goons.)
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To: the invisib1e hand

Earth will run out of water before oil.


3 posted on 04/26/2008 12:20:26 PM PDT by norraad ("What light!">Blues Brothers)
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To: PurpleMountains
The oil companies give more money to the IRS than the stockholders. Do you think it is economic warfare form the towel heads and communists? Peak oil is just an unscientific scare tactic. More oil has been found in the last few years than was known to exist. The serria club will have to come up with $billions to shut the latest finds down.
4 posted on 04/26/2008 12:49:03 PM PDT by mountainlion (Concerned Conservative.)
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To: mountainlion

That is an interesting viewpoint and one I hadn’t thought of. Create a false shortage to run up prices to increase tax revenues. I think you’re really onto something with that.


5 posted on 04/26/2008 4:47:33 PM PDT by crghill (Postmillenial, theonomic, presuppositional, covenantal Calvinist! Let reconstruction begin!)
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To: crghill
The muslems are playing on the greedy futures market and high demand to try to take this economy down when the banking industry is in a crash caused by stupid congressmen making them give loans to people that could not pay them back so that the poor could own a house. Chavez would like noting better than to stick a finger in the eye of America. The muslems are angry with the USA for making them look bad in war and would do anything to hurt us. We only get 15% of Saudi oil. I really wonder where we do get the oil. If we ignored the serria club we could be selling oil and not buying it. We have a corrupt demorat and muslem problem not corporate problem.
6 posted on 04/27/2008 6:13:34 AM PDT by mountainlion (Concerned Conservative.)
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To: PurpleMountains
Petroleum is a weapon of war to the muslims who control some of the known world supply. They can't fight us with military force, but they can bleed us by manipulating the price of their petroleum. They hate us and all we stand for and are quite effectively punishing us by keeping the supply of petroleum high.

They don't need the money, they just want us to bleed to death.

7 posted on 04/27/2008 6:47:11 AM PDT by oneolcop
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