Quote:
Originally Posted by Darwinist
It's crazy that just a year and a half ago I was arguing with posters on this very forum, some that trade on the market, trying to convince them that oil would never go back down to $20 a barrel from a then-high of $40, and almost nobody believed me. It was only temporary you see...
And it's doubly strange that there are still people around who say Peak Oil isn't real, when the events of the last 2-5 years have unfolded pretty much exactly according to the peak oil model. Lots of volatility in the market with large up and down swings, no supply expansion from OPEC, and a price that in the long term only keeps on rising.
We will hit $200 soon, perhaps within a year and a half, and its not going to stop anytime soon.
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Link to those threads?
Quote:
Originally Posted by Jay Pan ROKK
We should change asap to bio-fuel.
The sooner the better.
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Its still about 3 years too early (according to the biofuel startups), the technology is still developing. Once it is developed, scaling up the process should take a year to produce significant quantities of biofuel.
Quote:
Originally Posted by Fanu
only if its second generation biofuel
but imo we should go with hydrogen or something completely different
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There are a lot of significant issues to overcome before hydrogen can be used. It seems that it'll need at least 10 years before it can be effectively utilized, if it can be.