The "Green Movement" in the form of radical environmentalism has taken on a whole new face these days.
I honestly believe they are as much a threat as any roque nation and should be treated as such.
Posted on 04/28/2008 2:19:38 AM PDT by Dawnsblood
But assume that prices are “high”, which indeed they are by historic standards. We are mistaken when we think these “high” prices are causing inflation. High oil prices can force consumers to spend more on petrol and heating oil, at the expense of other purchases. Ask any suffering restaurateur or clothes retailer if you doubt that. But high oil prices can’t trigger a rise in the general price level – inflation – unless someone pumps money into the economy so that, to use an oldie but goodie from the economists’ lexicon, there is more money chasing the same amount of goods. If you want something to blame for inflation, don’t look at oil prices, look at the billions the Federal Reserve’s monetary policy gurus and their confederates at the US Treasury are pouring into the economic system.
Another myth: we are running out of oil. According to WorldPublic Opinion.org, “majorities in 15 of the 16 nations surveyed around the world think that oil is running out . . . only 22% on average believe that ‘enough oil will be found so that it can remain a primary source of energy for the foreseeable future’ ”. Those majorities who think we are running out of oil include 85% of the British and 76% of the American citizens polled. Luckily, they are wrong.
Production of oil is being constrained by several forces, none of them due to God’s failure to put enough of the black gold under our feet. Several countries that are important sources of supply are in political turmoil, and unable to bring to market the oil they are capable of producing.
(Excerpt) Read more at business.timesonline.co.uk ...
It’s Democratic Party Economics that oil companies can sell gasoline cheaper by getting it from unreliable sources on the other side of the globe, rather than drill for oil nearby.
The "Green Movement" in the form of radical environmentalism has taken on a whole new face these days.
I honestly believe they are as much a threat as any roque nation and should be treated as such.
But the demand is exceeding the ability to be met by the Fossil Energy industry alone.
Alternatives must continue to be developed, to at the very least, slow speculation from determining costs.
“But the demand is exceeding the ability to be met by the Fossil Energy industry alone.”
NO IT IS NOT !! The demand is exceeding our ABILITY to extract our own oil, due to bone headed leftist.
Billions of barrels are being discovered every year.
Domestically, that’s due to political circumstances, not geophysical. Namely, the prohibition on building new refineries and opening up new drilling zones.
It’s ironic that the same Lefties who rail at “Big Oil” readily accept one of OPEC’s greatest canards. Some OPEC countries may be running out of readily accessible oil, but “the World” isn’t. Unfortunately, we do have an inexhaustible supply of environuts in this country.
Up the margin on futures and the price of options. Make it riskier to speculate. Acouple 1929 style suicides by ruined oil traders would provide an object lesson.
The oil has been running out since the day we pumped the first barrel.
We are addicted to easy energy pulled from the ground and we must slowly reduce our consumption. Society has grown incredibly from this easy energy and can not live without fossil fuels anymore.
Increasing production will just make it hurt more when it finally does run out. It is like giving an addict more drugs to feel better today but getting them more addicted in the process.
Taking a stand and weaning ourselves away from fossil fuels as soon as possible is the only intelligent choice. Otherwise we hit a point of no return where energy consumption is greater than what renewables can provide.
Here’s a better statement:
“But the demand is exceeding the ability to be met by the Fossil Energy industry alone... at the price point of $1.20/gallon.”
:-P
“it is a myth that the world’s oil is running out...”
a myth perpetrated by the international left wing in the u.s. congress. (non-americans all.)
imho
You have no idea how much oil there is.
BS
They certainly are in terms well beyond the greenie movement, too. Consider what they've done to our skools in just 30 years of Federal control. That single point of control over the vast majority of students in this country is a far greater threat in the long term future of this nation than any mooselimb or greenie could ever hope for. The corruption of young minds for the past 3 decades would be very hard to overcome if it stopped right now. Trouble is, their control is gaining steam......
Okay, the rising price of oil does not cause inflation, it just makes the price of everything that uses oil or is transported by oil go up (airplane tickets, asphalt, postage rates, heavy commodities like concrete and steel, etc.)
I would like to remind them common sense is still an option.
"Inflation" deals with prices in general, while what we're seeing is a combination of inflation (or more to the point, the drop in the value of our currency) AND the chain reaction of increased prices from outside sources forcing the prices of products up.
Think about it. We're dealing with a commodity that effects EVERY facet of our lives. Everybody is having to pay higher energy prices, and those increased costs are being added into every aspect of production and distribution of goods and services.
Mark
The more oil we use, the worse the withdrawal will be. Since we don't know exactly how much oil there is, it makes the point of no return impossible to figure out. Our addiction could allow us to pass this point even with all free-market forces in effect.
Natural fossil fuel WILL run out. It is limited and does not renew at even close to the level that we consume. It is only a question of when and how abrupt the end will be.
Continuing to base World economy on increasing fossil fuel production is suicide. Not using energy here while other nations do can also be suicide. There is no easy painless way out.
...Don’t worry...our elected government officials and their families who own oil stocks will make sure they do everything to protect the interests of the consumer...including new drilling and and building new refineries. After all, the elected officials and family members who own oil stocks do not want Big Oil to make billions in profits so they can have much bigger dividend checks, and much greater valued stocks...They just want to make sure the US Citizens are being protected against manipulated gas prices at the pump...Yes, our elected government officials and families who own oils stocks are making sure they are taking care of themselves...I mean, trying to protect their electorate.
That’s nothing compared to the severity of withdrawal from socialism, which explains why people of apparent intelligence continue to inject themselves with “climate change” hysteria and other assorted opiates.
I am not sure of the veracity of the postulation by some scientists about a subject called “abiotic oil or Abiogenic petroleum”, but if they are right, we are not running out of oil as it is constantly being replenished by chemical processes deep within the earth. Google either term for more information on the subject.
There is an equilibrium population and population density that the planet can sustain. Fossil fuels cause an unnatural brief population growth. This extra population will suffer once fossil fuels run out.
Fossil fuels are like socialism provided by the earth. Once they are gone, people born and raised because of fossil fuels will suffer. Just like the generations of people on welfare suddenly not being able to feed themselves with their checks.
I don't advocate gov't control. Socialism will INCREASE the hurt by subsidizing oil. The free market is our best hope but I am not sure if it will kick in before the point of no return. Socialism and energy subsidies in other nations are not helping.
Socialism will make it even worse. Read my post before this.
The free market is our best hope but I don’t think it will help without a change in attitude. Shortsightedness, misconception and addiction upset the free market and I believe our current energy use is driven heavily by all 3.
That process is real but it does not replenish fuels at even close to the rate we burn. You will never find any regenerated coal or oil fields.
The deposits on land today were created by this process. Earth was a hot water planet and it took millions of years. We have burned most of that in a few hundred years and demand is increasing exponentially. The end result will always be a gradual decline to zero production.
Spoken as if you know what you're talking about. ASSuming for the moment that oil will actually run out, which it won't, we have hundreds of years worth of oil known and found. That gives us CENTURIES to develop more energy sources.
Oil, is cooked down from all things on the earth. Not just fossils of dinosaurs. Raw materials + heat + pressure = oil production. Which is exactly what happens in the Earth's crust. Constant cooking of new oil.
I read some time back where a plant was taking turkey guts and cooking it down into usable fuel. They could also cook down any garbage into fuel by adjusting the recipe of heat and pressure. I like this idea for dealing with with landfills.
The degree of uncertainty regarding the nature of the “equilibrium population and population density that the planet can sustain” and the point, if it exists, that “Oil, Coal and every other non-renewable ground resource will run out” is astronomical.
Thus, you are basing your reasoning on astronomical uncertainty.
So it is with great intensity that I question your assertion that we need to wean ourselves from fossil fuels “as soon as possible.”
If you take something finite and burn it, it will run out. The more we produce, the more population there will be to increase demand. The only question is when it will run out. Thinking that fuels are an infinite resource is willful ignorance.
The earth can only sustain a certain population density. Dense cities cannot grow enough food, house that many people or have enough fresh clean water naturally. It is all artificially created through burning fossil fuels. Placing more of the world’s population under this dependence is suicide. The more we produce and burn, the greater this dependence will be before we run out.
It is better to reduce dependence early than to hit the silent point of no return. Doing it early would cause a few inconveniences but doing it too late would be catastrophic.
If I we underestimate supply, people may have to do a few unnecessary things and pay more for energy but it doesn’t compare to what would happen if we overestimate.
LOL! Exactly.
The question isn't why we aren't drilling for oil, it's who will get the $$$$ for drilling the oil.
You can bet it won't be the current 'elected government officials and families who own oils stocks '.
It wouldn't surprise me to discover that these elected officials are actually behind the 'green movement', in order to keep those oil stocks high!
and the useful idiots march right along!
It’s a myth that the world’s oil is running out .................. NO, Its more like a “Broken Record” that keeps playing.
just like gorebull warming- create a myth and then exploit it to raise taxes.
They have already been developed. Nuclear energy and coal. Alternative boondoggles like wind and solar power, at this time, are just a waste of money and time.
What we need is now is an intelligent congress with some common sense. Government is the problem.
Oil running out is a strawman.
Cheap oil running out is reality.
The deposits on land today were created by this process. Earth was a hot water planet and it took millions of years. We have burned most of that in a few hundred years and demand is increasing exponentially. The end result will always be a gradual decline to zero production
Amazing...simply amazing.../shaking head...
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