Posted on 10/20/2013 11:29:08 AM PDT by Kaslin
“They will fade away into the sand dunes and be quickly forgotten. And Islamic terrorism will become a thing of the past.”
Its too late for that.Due to the stupid immigration policies of our government we have imported hundreads of thousands of Muslims into this country and they are already attempting to change our society into what they left.
Terrorist are already living here.Terrorism is not a thing of the past.
You must be my age.
Mexico’s new supply is of the hard to get variety that needs the latest technology from Western Big Oil.
It is my understanding that Venezuela has plenty of the easy to get oil that can be gotten with old school technology. The kind that despots get easily to sell in order to pay armies to repress their own populations.
Canadian oil is not under attack in Canada, at least not successfully. Any Canadian oil that reaches international markets, be it China, Japan or the USA, puts a downward pressure on price.
Keystone would be ideal but not necessary IMO.
The summer I was fifteen I got a job pumping gas at a Shell Service station and the amount most often asked for was a “dollar’s worth.” That was in 1952.
You are right, and I stand corrected.
It’s worthy of note both the Shale and Sands petroleum production was only unlocked recently, and there’s a shake-up going on in the business.
The summer I was fifteen I got a job pumping gas at a Shell Service station and the amount most often asked for was a “dollar’s worth.” That was in 1952.
Very true. But they're going to have to make do with a serious budget cut.
I look at it as a dual security issue. The Arabs influence on US foreign policy is one. The second and biggest is that the Strait of Hormuz will be closed off one day because Iran will get the bomb. Just the threat of a nuclear strike from Iran is enough to shut down the region. The price of gas/oil will be high but when we are oil independent we will at least be able to get the oil/gas.
I think you have about 10 years on me. I worked at an APCO service station just before the going into the Service. Gas was around 20 cents and we washed the windows always and checked air pressure and oil if requested.
And companies like Tesla are all about packing and marketing cars based on current battery technology, when any credible electric car company needs to come up with a revolutionary energy storage technology which can compete with gasoline.
P.S. Used electric cars are basically unaffordable since the cost to replace a worn out battery pack is north of 5K.
Tell the terrorist supporters to go to hell. Also, we could just get out of the ME since there’s no more national security interest to be there.
Balance of trade will start to get closer to our favor and money staying in the states which creates more jobs which creates more tax revenues and smaller deficits.
If only we had a President that made energy independent a national priority.
The left opposes all US energy production.
They want US troops and money flowing the Middle East forever.
Thorium powered nuke plants to supply electricity and use the excess heat to convert coal to liquids using F-T process. That would give the economy an abundance of electricity, and petroleum products. CO2 byproduct of F-T process can be used to produce algae to add back to the coal feed stock.
With Fracking. The demand for OPEC will go to zero.
We will see the “tribes” of the Arab world go crazy.
Who will service their needs? Arab spring will look like a Tuesday morning.
Because everything is delivered with either gasoline or diesel.
Will I ever see $1 a gallon gasoline again? No.
..........
Maybe not but 1.50@gallon gas is definitely in the cards.
I can deal with $1.50 a gallon gas $1.00 or under would be better, but I doubt to, we’ll ever see that again
The thing is that the USA has launched a four front war on the price gasoline. We’re only in the 2-3 year of the war. This war grows out of the culture of the USA and not from any federal policy.
Here are the four fronts.
1.) Fracking oil increases supply. And dramtically so. Because the USA this year and for each of the next five years is expected to increase oil production by 1 million barrels@day.
2.) Fracking increases natural gas production and collapses prices causing buses and trucks to be shifted over to natural gas. This is the TB Pickens plan in action. This is about a seven year program. But once most fleet vehicles are shifted over to natural gas — fully 40% of the demand for oil will be taken out of the USA market. This is huge.
3.) Fuel efficiency. Car are required by law to become more fuel efficient. This is actually happening but slowly over time. My GM gets 20 miles to the gallon which is roughly twice the milage of a GM of 20 years ago.
4.)Electric cars. This is a category killer for the internal combustion engine. But it won’t really take a bite out of demand for another10-15 years. However, the success of the Tesla is already forcing the major car manufacturers to put more money into advancing the technology. Just as TB Pickens is building natural gas stations all over the country—so also is Tesla building electric car battery stations all over the country. The big break through for Tesla was that their car batteries could do over 200 miles before they had to be recharged. this made them suitable for local driving. (All the other electric cars maxed out at 100 miles.) The next big milestone for Tesla is 2016 to see if they can bring out a 30k car with the same specs as their S class.
Biofuels —beyond ethanol—may never be ready for primetime but I’ve seen a couple that look like they might in another couple years. We’ll see.
The net effect of these technologies is that the price of fuel over the next several decades is DOWN.
One of the best cars ever made. A classic!
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