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Nonsense, nonsense, nonsense: the myths about high oil prices
The Sunday Telegraph ^ | April 30, 2006 | Niall Ferguson

Posted on 04/30/2006 12:55:20 AM PDT by MadIvan

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I disagree with him on two points:

I don't believe in global warming.

I think petrodiesel, then a transition to biodiesel, is the answer.

Regards, Ivan

The Sietch Banner

1 posted on 04/30/2006 12:55:26 AM PDT by MadIvan
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To: Deetes; Barset; fanfan; LadyofShalott; Tolik; mtngrl@vrwc; pax_et_bonum; Alkhin; agrace; ...

Ping!


2 posted on 04/30/2006 12:55:48 AM PDT by MadIvan (I aim to misbehave.)
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To: MadIvan

"To which British motorists can only reply: Diddums."

And Americans can, in turn, reply:

Well... don't want to get banned, so let's stop there.


3 posted on 04/30/2006 1:20:56 AM PDT by Jack Hammer
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To: MadIvan
The SUV is in fact a kind of hybrid - part vehicle, part living room.

I don't care who you are - that's funny!

4 posted on 04/30/2006 1:58:18 AM PDT by Slings and Arrows (Rachel Corrie's not dead - she's taking a CAT nap.)
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Limbaugh says we aren't paying a lot for gas. So it must be true.


5 posted on 04/30/2006 2:00:38 AM PDT by KneelBeforeZod (I have five dollars for each of you)
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To: MadIvan

Actually ethanol my be an answer, but in fuel cells. Already have them in small ones, but it will be a while before they are scaled up.

Another is Nuclear power. Solar panels. All good, but the problem with all of them is it just reduces demand for oil and therefor, reduces price so it is more affordable and cheaper than the alternatives.

So do we do as the Brits and increase taxes on it to reduce demand? That would put more money in the US pocket and less in Iran's and SA.


6 posted on 04/30/2006 2:21:41 AM PDT by KeyWest (Help stamp out taglines!)
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To: Slings and Arrows

Yep that's funny. I drive an SUV to help speed up the consumption of gas. We won't stop using it until it's gone. Necessity being the mother of invention, when we need a new energy source we'll get one. I watched a movie about a promising new alternative called energon....


7 posted on 04/30/2006 2:34:43 AM PDT by grantgarvey
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To: MadIvan; All
I have been covering, ( Or, as Seamole calls it...-backhoe's pseudoblog--... ) pseudo-blogging, this issue for years, so allow me to drop out of Lurk & Link mode for a rare bit of commentary-- we all need to get serious about our dependency on foreign sources of energy, and use our own resources.

Our consumer-based economy is driven by and dependent upon readily-available, reliable energy-- choke that off, and we'll all be back to using one rotary dial phone in the dining room, watching one TV in the living room, and driving one car per family-- probably a Hudson Hornet or a Nash Metropolitan...

We need to

1) end the nonsensical ban on offshore drilling off California and Florida--read & weep:
Castro Plans to Drill 45 Miles from US Shores, But We Can't

2) build a lot of next-generation nuclear power plants, not just for electricity, but for any process requiring heat, power, or steam.
And if we replaced our existing nuclear plants with
this one there would be significant benefits.

3) end Jimmy Carter's idiotic ban on recycling nuclear waste, and reprocess the stuff rather than fighting over where to bury it. Europe has done this for decades.-- what to do with spent nuclear fuel? Answer here: http://www.freerepublic.com/focus/f-news/1468321/posts?page=50#50 hattip:  Mike (former Navy Nuclear Engineer)

4) use the 300-500 years worth of coal we have on our own land, using the new clean-coal technology.
-Clean Coal Centre--

5) and finally, there's nothing wrong with conservation, we should all practice it- but you can't conserve your way out of a shortage. Nor is there anything wrong with "alternative" energy sources- except they don't supply the vast ( not to mention readily-available ) amounts of power we need at a price competitive to more conventional sources. Then again, there is this to ponder:
Energy From the Gulf Stream
http://www.energy.gatech.edu/presentations/mhoover.pdf

We do need to get serious about this before we get strangled by a bunch of petty thieves and dictators who don't like us much.

My tongue-in-cheek collection of energy-related links:

Sticker Shock-$3 a gallon gas? Click the picture:

And kindly note, and note well-- the first reply to this post ( when gas was $1.45 a gallon ) was derisive... so, who's laughing now?




8 posted on 04/30/2006 2:42:16 AM PDT by backhoe (Just an Old Keyboard Cowboy, Ridin' the Trakball into the Dawn of Information)
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To: KeyWest; backhoe

Has anyone here looked at the numbers?

Can we grow enough ethanol to fuel all the cars in the US?

Basically burning ethanol is using solar power.

I find it hard to believe that we can. It is also seasonal. And last but not least it uses a lot of water.


9 posted on 04/30/2006 3:19:58 AM PDT by DB (©)
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To: DB
Has anyone here looked at the numbers?

From my links:

http://www.instapundit.com/
ALTERNATIVE-FUEL-O-RAMA: Popular Mechanics crunches the numbers on various alt-energy schemes.

10 posted on 04/30/2006 3:27:07 AM PDT by backhoe (Just an Old Keyboard Cowboy, Ridin' the Trakball into the Dawn of Information)
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To: MadIvan
Driving down the M40 on Friday, I passed petrol stations selling regular unleaded at 97.9 pence per litre. That works out at $6.62 a gallon.

What is he using? British math? There are less than 4 litres per gallon. That means that "petrol, my dear diddums" is less than $4/gallon.

11 posted on 04/30/2006 3:48:16 AM PDT by raybbr
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To: MadIvan
If the oil companies are making approx. 19 cents a gallon (and they made billions) and the government is making almost 50 cents a gallon in taxes...
Why aren't Americans upset with the insane profits that the government is making.
I guess I just don't understand. The angst seems misdirected.
12 posted on 04/30/2006 3:51:20 AM PDT by philman_36
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To: raybbr; MadIvan
What is he using? British math? There are less than 4 litres per gallon. That means that "petrol, my dear diddums" is less than $4/gallon.

OOOOPPPPPSSSS! 97.6 pence!

You Brits got to change that - it sounds too much like pennies. :)

(After a long run through the woods the oxygen was trapped in my legs slowing down my brain.)

13 posted on 04/30/2006 3:59:34 AM PDT by raybbr
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To: raybbr

pence are worth more than pennies.


14 posted on 04/30/2006 3:59:56 AM PDT by palmer (Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
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To: raybbr

Oops, late again.


15 posted on 04/30/2006 4:00:38 AM PDT by palmer (Money problems do not come from a lack of money, but from living an excessive, unrealistic lifestyle)
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To: MadIvan
While booze and hummers have a long history of association, they can be deadly on the highway.

ANWR (Alaska) was purchased for its oil -- time we followed through on the idea.

16 posted on 04/30/2006 4:01:00 AM PDT by Ed_in_NJ (Who killed Suzanne Coleman?)
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To: MadIvan
The price of fuel is high precisely because of "supply and demand economics", as Lord Browne knows only too well. Global demand for oil has risen by around 40 per cent in the past 20 years.

Would an economic model suggest that, since the price has increased sixfold in the last eight years, the supply should have declined sixfold during the same period? I don't buy the argument that global demand is driving prices up without a significant reduction in supply......

17 posted on 04/30/2006 4:04:21 AM PDT by eeriegeno
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To: DB

Interesting.

Look at the graph in post #28 on your 2004 thread (NYMEX Oil Futures). That graph is two years old but accurately predicted our $75/barrel high from last week.

In other words we had 2+ years warning of this impending "crisis". Two years to shape policy and prepare. Or not.

Apparently the price of gas isn't dear enough. Yet...


18 posted on 04/30/2006 4:54:21 AM PDT by rockrr (Never argue with a man who buys ammo in bulk...)
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To: MadIvan
The evidence that global temperatures are rising as a result is incontrovertible.

The author cites that the historic levels of CO2 have been 180 to 280 PPM, notes that they are currently 380 PPM, and points to that as incontrovertible proof. Sure lets me know why he's a journalist and not a scientist.

A couple of simple points, the first being the most obvious:

Correlation is not causation.

Nobody's proved that there IS a variation in the temperatures yet to my satisfaction.

And you're seeing more and more climate scientists breaking ranks with the global warming theory.

19 posted on 04/30/2006 5:08:10 AM PDT by Hardastarboard (Why isn't there an "NRA" for the rest of my rights?)
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To: raybbr
What is he using? British math? There are less than 4 litres per gallon. That means that "petrol, my dear diddums" is less than $4/gallon.

I think that 97.9 pence is a portion of the British pound which when converted to dollars would account for the $6 + per gallon amount.

20 posted on 04/30/2006 5:13:06 AM PDT by USS Alaska (Nuke the terrorist savages - In Honor of Standing Wolf)
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