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Oil Down $7

billfred

New member
Bernake says there is demand destruction.

4th of July weekend was supposed to be the lowest driving 4th in 10 yrs.

Let's see if tomorrow's inventory numbers reflect this. If so, I bet we could see another $10 drop. If not, todays drop will be wiped away by noon tomorrow.
 
oh, it won't make a difference for years to come. there will have to be numerous lawsuits and injunctions filed by every environmental group under the sun. once those get out of court, which will take years, it will take a considerable time to find a sight, build a rig, and finally get oil pumping.

however, it is a step in becoming a little less foreign-oil dependent.

i long for the day we no longer need oil in such a large demand...i really want to watch those fucking arabs eat sand.
 
ive been saying it for a long time now. oil is in reality at $80 or so a barrel in reality and the only reason its at the price it has been is because of speculators in trading. the bubble is going to burst.
 
bigmann245 said:
ive been saying it for a long time now. oil is in reality at $80 or so a barrel in reality and the only reason its at the price it has been is because of speculators in trading. the bubble is going to burst.


wehn do you think that will happen?
 
bigmann245 said:
ive been saying it for a long time now. oil is in reality at $80 or so a barrel in reality and the only reason its at the price it has been is because of speculators in trading. the bubble is going to burst.

You need to go to China or Vietnam and see how many people are still riding bicycles to work. In China 4 out of 1,000 own a car. Vietnam is more like 2 - and they are getting richer by the day.

Motorbikes first, cars second, maybe even and airconditioner thrown in there. Oil production has not increased in over 2 yrs. Sorry man - something else has to change in that equation.
 
The good thing is that Americans have now seen what can happen and and starting to realze that we have to cut back on high mileage vehicles. Many of us cant cut back on the amount of driving we do.. but instead of taking our hummers to the grocery store.. we'll drive our civics..

The auto industry is now finally getting it through their thick skulls that they need to start figuring out how to mass produce high mileage cars at an affordable price.. the market is already demanding it..
 
p0ink said:
oh, it won't make a difference for years to come. there will have to be numerous lawsuits and injunctions filed by every environmental group under the sun. once those get out of court, which will take years, it will take a considerable time to find a sight, build a rig, and finally get oil pumping.

however, it is a step in becoming a little less foreign-oil dependent.

i long for the day we no longer need oil in such a large demand...i really want to watch those fucking arabs eat sand.

Me too. That's why we need to spending our time and energy building an hydrogen distribution network, instead of continuing to chase a finite resource and end up fucked royally when suddenly we are in a corner with no oil.

This is just like continuing to spend all through your 20's, 30's, and 40's and suddenly at age 50 realizing you want to retire in 8 years and not having a fucking penny in your 401k.
 
I actually think Boone Pickens has the right plan and the only one with real substance (unlike the Hydrogen one).

Take a look

http://www.pickensplan.com/

We have to get accelerate alternate forms of electricity and displace gasoline cars with electric and natural gas powered vehicles.

How easy would it be for everyone at night to go fill up your car by either plugging it into the gas meter or wall socket??
 
MightyMouse69 said:
UYG getting ready to fly, i'm up 10% today

Yeah - you keep posting your up days but it has been taking it hard in the ass overall. WFC is here to save the day.
 
We will not be switching over or seeing cheap gas anytime soon. America is looking down the road when we really do start to run out and low and behold we are the ones sitting on a big stock pile basically ruling the world.
 
Big_BK said:
We will not be switching over or seeing cheap gas anytime soon. America is looking down the road when we really do start to run out and low and behold we are the ones sitting on a big stock pile basically ruling the world.

Big stockpile??? We have less than 2 months consumption in our SPR.
 
billfred said:
I actually think Boone Pickens has the right plan and the only one with real substance (unlike the Hydrogen one).

Take a look

http://www.pickensplan.com/

We have to get accelerate alternate forms of electricity and displace gasoline cars with electric and natural gas powered vehicles.

How easy would it be for everyone at night to go fill up your car by either plugging it into the gas meter or wall socket??


Plus his name is awesome.
 
billfred said:
I actually think Boone Pickens has the right plan and the only one with real substance (unlike the Hydrogen one).

Take a look

http://www.pickensplan.com/

We have to get accelerate alternate forms of electricity and displace gasoline cars with electric and natural gas powered vehicles.

How easy would it be for everyone at night to go fill up your car by either plugging it into the gas meter or wall socket??

CNG gas cars are a good "right now" viable alternative. You still need H distribution though for electric, or else you're back to fossil fuels again for the production. My father's an engineer for a power plant and knows we're not even close to being able to build enough acreage of PV or wind turbine farms to produce any where near the amount of electricity the nation needs now. And that demand will leap massively if we start driving EV's in mass.

Hydrogen combustion engines could be in cars in 3-4 years since the tech for those is really not terribly different from gasoline combustion ones. EVs with fuel cells a few years further on.
 
RottenWillow said:
CNG gas cars are a good "right now" viable alternative. You still need H distribution though for electric, or else you're back to fossil fuels again for the production. My father's an engineer for a power plant and knows we're not even close to being able to build enough acreage of PV or wind turbine farms to produce any where near the amount of electricity the nation needs now. And that demand will leap massively if we start driving EV's in mass.

Hydrogen combustion engines could be in cars in 3-4 years since the tech for those is really not terribly different from gasoline combustion ones. EVs with fuel cells a few years further on.

We still disagree about the cost of the source of Hydrogen.

Right now, electric and NGV are the only plausible alternative. Yes - you use fossil fuels for electricity but the difference is, it is our fossil fuels. Right now the bigger crisis is that we are going to bankrupt America with our current account / trade deficit. That has to be addressed as quickly as possible.
 
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