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General Motors CEO: oil has peaked
Energy Bulletin ^ | 14 Jan 2008 | Joshua Dowling

Posted on 01/16/2008 12:35:46 AM PST by Brian S. Fitzgerald

THE world's biggest car maker, General Motors, believes the global oil supply has peaked and a switch to electric cars is inevitable.

In a stunning announcement at the opening of the Detroit Motor Show yesterday, GM's chairman and chief executive officer, Rick Wagoner, said ethanol was an important interim solution to the demand for oil, until battery technology gave electric cars the range of petrol-powered cars.

GM is working on an electric car, the Volt — due in showrooms in 2010 — but delays in battery technology have slowed its development...

(Excerpt) Read more at energybulletin.net ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: automakers; economy; energy; generalmotors; oil
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1 posted on 01/16/2008 12:35:49 AM PST by Brian S. Fitzgerald
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To: Brian S. Fitzgerald

Okay... Waggoner is attempting to get the greenies to buy his products by publically espousing their crackpot pet theory. Or he’s gone over to the darkside, in which case he needs to be booted before he can cause any further damage.


2 posted on 01/16/2008 12:37:19 AM PST by Spktyr (Overwhelmingly superior firepower and the willingness to use it is the only proven peace solution.)
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To: Spktyr

Only the eltie will be able to burn oil.


3 posted on 01/16/2008 1:03:46 AM PST by wastoute
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To: Brian S. Fitzgerald

Pretty sad when we start burning food for fuel.


4 posted on 01/16/2008 1:06:37 AM PST by Ymani Cricket
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To: Brian S. Fitzgerald
General Motors Corp.
300 Renaissance Center, Detroit, MI 48265-3000
January 15, 2008

To: Vehicle Design/Engineering Staff
From: Richard Wagoner, CEO
Subject: Design Philosophy Paradigm Change

Please discard your copies of "The Deep Hot Biosphere: The Myth of Fossil Fuels" provided to you during your Corporate orientation/inprocessing.

Thank you, Richard Wagoner, CEO

cc: Robert Lutz


5 posted on 01/16/2008 1:11:17 AM PST by Hoplite
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To: Brian S. Fitzgerald

I live in NH, can’t wait to see those battery powered DOT trucks plowing snow.


6 posted on 01/16/2008 2:38:30 AM PST by tiger-one (The night has a thousand eyes)
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To: tiger-one

I would love to see the cost of disposal on one Hybrid car battery reach 5k!! disposal and purchase fee is about the same. they cost new to install about 8k.
Plants that build these batteries pollute the ground worse than any oil well ever has.


7 posted on 01/16/2008 3:01:22 AM PST by Mojohemi
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To: Mojohemi
I remember something about the length of the warranty on the batteries, 4 years?
8 posted on 01/16/2008 3:11:11 AM PST by tiger-one (The night has a thousand eyes)
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To: Brian S. Fitzgerald
Not exactly. Folks need to read to the bottom of this one.

The story says: "Mr Wagoner cited US Department of Energy figures that showed the world was using about 1000 barrels of oil every second and demand was likely to increase by 70% in the next 20 years." The direct quote from Wagoner is, "There is no doubt demand for oil is outpacing supply at a rapid pace, and has been for some time now .... As a business necessity and an obligation to society we need to develop alternate sources of propulsion.

That ain't peak oil, folks. Oil may or may not peak anytime soon, but the surging demand is going to drive prices up either way. Automakers have to adjust to that reality.

To the credit of this publication, someone called them on the misleading lede earlier and they cover it in an "editorial note." Read to the bottom.

9 posted on 01/16/2008 3:20:42 AM PST by sphinx
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To: Brian S. Fitzgerald

We get most of our oil from the country to the north, our second largest source of oil is the country to the south. Doesn’t it stand to reason there is a mess of oil in the US itself? We cannot drill in Alaska or off of Florida or California and yet there is no oil in America. BS.

Regards


10 posted on 01/16/2008 3:31:39 AM PST by ARE SOLE (Agents Ramos and Campean are in prison at this very moment.. (A "Concerned Citizen".)
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To: Brian S. Fitzgerald

The guy makes cars. I’m a retired business owner and I say more then half the oil has yet to be found or developed as a resourse.

Prove me wrong.


11 posted on 01/16/2008 3:40:31 AM PST by aroundabout
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To: Brian S. Fitzgerald

Follows their decision to quit developing the next gen V8 (wonder how many jobs will be lost over this?)

http://www.caranddriver.com/carnews/14532/bye-bye-to-gms-v-8s.html


12 posted on 01/16/2008 3:50:04 AM PST by freddy2008 ("I'm gonna barbecue your a$$ in molasses")
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To: Ymani Cricket
Pretty sad when we start burning food for fuel.

The debate is about to change in a big way. Corn ethanol is going to build out to about 12-15 billion gallons/yr. That much is in the pipeline now. There may be some growth beyond that as yields increase and/or more acreage shifts into corn, but the emerging story is cellulosic ethanol.

The first commercial scale cellulosic ethanol plants are being built now. If they can hit their projected price points, the buildout will begin in the next couple of years. What the feedstocks will be a decade from now is anyone's guess; there are hundreds of potential feedstocks being investigated, and all involved recognize that we have barely scratched the surface in terms of investigating the biosphere for candidates.

The conventional estimate is that we have the biomass potential right now to supply 30% of our transportation fuel needs from currently identified cellulosic feedstocks: mainly current farm and forest wastes and some recycling. That is without the development of dedicated energy crops. This is an open door. There is some neat stuff out there. In hand -- no, of course not. Yet.

But biofuels are clearly a live option as are, further down the road, electric cars and hydrogen fuel cells, singly or in combination. Lots of options.

13 posted on 01/16/2008 3:51:27 AM PST by sphinx
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To: Ymani Cricket
Pretty sad when we start burning food for fuel.

Especially when it's not at all necessary, practical or cost efficient to do so......

14 posted on 01/16/2008 4:31:33 AM PST by Thermalseeker (Silence is not always a Sign of Wisdom, but Babbling is ever a Mark of Folly. - B. Franklin)
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To: sphinx
but the surging demand is going to drive prices up either way.

So, you don't think Jorge begging the Saudis to pump more oil is the answer? /sarcasm off

15 posted on 01/16/2008 4:35:08 AM PST by Thermalseeker (Silence is not always a Sign of Wisdom, but Babbling is ever a Mark of Folly. - B. Franklin)
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To: Brian S. Fitzgerald

They are right to make flex-fuel engines.

They are wrong to tout ethanol as the fuel to burn in them.

They should burn Methanol, a product that can be made economically from our vast coal reserves. We are correct to turn to the flex-fuel engines.

There is no doubt in my mind that the cost equation for petroleum should include the cost of fighting wars against Islam. Every dollar we are spending in Iraq would not be necessary if these folks weren’t enriched by oil money with which they can engage in their idiotic, religious jihad against the world.

Every single dime we spend on defense and diplomacy regarding Islam should be added to the cost of oil.

That makes ethanol fare better by comparison, but the real answer is Methanol.


16 posted on 01/16/2008 5:09:25 AM PST by xzins (Retired Army Chaplain! True Supporters of Our Troops Support the Necessity of their Sacrifice!)
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To: freddy2008

Hurrah.

About time Detroit got rid of the V-8.

Now, if they’d get rid of the V-6 and rediscover the merits of an I-6, we’d be in even better shape.


17 posted on 01/16/2008 5:49:39 AM PST by NVDave
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To: ARE SOLE
We get most of our oil from the country to the north

Canada is the largest imported crude oil supplier to the US. That is not the same as saying they supply most of our need.

We use 20.7 MMBPD of Petroleum. Canada supplies 2.5 MMBPD or 12%.

U.S. Crude Oil and Petroleum Products Product Supplied
http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_ep00_im0_mbblpd_m.htm

Total U.S. Total Crude Oil and Petroleum Products Imports From Canada
http://tonto.eia.doe.gov/dnav/pet/hist/mttimusca2m.htm

18 posted on 01/16/2008 5:49:46 AM PST by thackney (life is fragile, handle with prayer)
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To: xzins

Actually, there’s a better alternative than either ethanol or methanol: butanol.

Butanol has:

1. A higher energy density (ie, more BTU per gallon) than either ethanol or methanol. Methanol has a lower heat content per unit volume than ethanol, so going to methanol is moving in the wrong direction there.

2. The ability to be transported by existing petroleum product pipelines.

3. A better blending ability with gasoline or diesel fuels.

4. Lower octane than ethanol, so we lose something there.

5. The ability to be made from the same feedstock & fermentation plants as ethanol.

Some more research needs to be done on yeasts for butanol production to allow the microbes to survive higher levels of butanol in the mash to reduce the energy requirements in fermentation processing.


19 posted on 01/16/2008 5:58:43 AM PST by NVDave
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To: Ymani Cricket; Brian S. Fitzgerald; Red Badger

You may be on to something. Wasn’t it corn that the gubmint was paying farmers NOT to grow???


20 posted on 01/16/2008 6:52:40 AM PST by Froufrou
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