Nah...
He who dies with the most toys;
Leaves them for someone else to play with.
Posted on 08/09/2010 7:41:33 AM PDT by blam
Edited on 08/09/2010 8:23:19 AM PDT by Admin Moderator. [history]
The evidence seems to be that the earth itself creates the oil, so as long as conditions remain the same we will have a continuous creation of new oil.
Gas may go to "unaffordable" ($10/gal? $50? $100?), no one will use it, and we'll all go back to the horse-and-buggy days ..... but we'll not run out.
Now, if the Gov't gets involved and artificially lowers the price, then all bets are off. :-)
“Nope, his timing might have sucked but we will run out of oil—one day.”
Think Soylent Green!
Specualtion as to the actual cause of death runs from drowning in the hot tub to the heart attack.
http://www.kjonline.com/news/Energy-expert-Simmons-dies-in-North-Haven.html
According to police reports, Simmons suffered a heart attack while in a hot tub at his home on North Haven. An autopsy is planned for today in Augusta, according to the Knox County Sheriff’s Office.
Even if that's true, trust me, one day it will end :)
Btw, do you mean that oil is not formed by organic material over hundreds of thousands if not millions of years?
All the money, prominence and titles in the world, and you can’t take a single one of them with you when you go.
do some searching on abiotic or abiogenic oil
Of course, this is a “controversial theory”, kinda like doubting manmade global warming, because if proven, it destroys the foundation of the “fossil fuel” alarmists
This is an often made mistake. We will never run out of anything. The rising prices accompanying a reduction in resources has a controlling effect over consumption, as well as an incentivizing effect on innovation.
For an explanation much better than I can offer, please read Thomas Sowell's "Basic Economics".
RIP.
The operative word in the piece is 'banker'.
It's all about the big deal for Matt and friends, mergers, acquisitions, buyouts.
(manipulating stock prices with fear mongering)
He boasted about a huge short position in BP. He thought it was going to Zero. May he rest in peace.
The latest research seems to indicate that it is not formed over large time periods like that. The latest research seems to indicate that it is a renewable energy. There were a few threads about this on FR some years ago. It is actually not known how oil was formed. All we have are some educated guesses that may need to be revised.
Jim Puplava of Financial Sense Newshour interviewed Matt a couple of weeks ago. Probably one of his last interviews. He definitely struck me as a strange duck, but nonetheless, may he RIP and prayers of comfort and strength for his family.
We are swimming in oil. There won’t be a shortage for many, many years.
The biggest problem is drilling and the FEds are holding it up.
Never said we'd run out of oil ... just said:
We'll all die one day as well.
That being said, there is one thing you're going to eventually run out of ... time.
The abiotic oil theory holds almost no sway among scientists. No way has been developed to test the hypothesis. One argument against abiotic oil is that all oil found so far contians genetic markers indicating what kind of life forms the oil came from.
IIRC, the theory of the earth orbiting the sun once held “almost no sway among scientists.” I will wait on my opinion on further research.
On the day it ends (the Day I believe you are referrring to) it won’t matter to anyone.
Yes, the evidence seems to suggest that oil does not come from decayed organic matter.
Abiotic Synthesis Of Methane: New Evidence Supports 19th-Century Idea On Formation Of Oil
http://www.freerepublic.com/focus/news/2411876/posts?page=1
Nah...
He who dies with the most toys;
Leaves them for someone else to play with.
Prominent oil investor Matt Simmons has died of a heart attack, according to a flash on CNBC.
____________
BS, I’ll never believe it no matter what they say. Heart attack my as&.
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