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Originally Posted by stylesbjj
Link to those threads?
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Economists have been moving up the window on when oil hits 200 dollars a barrel. At first they believed that it would not reach that mark before 2012 and that was 2 years ago. Now the road map puts that date to possibly just before 2010 if not sooner. The upshot is that oil sand production is stepping up to help ease the rapid increase in price.
All likelihood we will not see a drop in per barrel pricing as some in the oil industry has predicted as more production capacity comes online. The most worrisome aspect is that next winter many will see their oil bill and gas bill double from just a year ago. This could mean many could freeze to death because they cannot pay the 800 dollar twice a month heating bill.
About three years ago when an oil minister from Saudi Arabia was asked what could the US do to cause a rapid price decline. His answer could not be more simple he said develop a car that gets 200 miles per gallon and he said something to the fact that it would put Saudi oil out of business in the US.
Article about 200 dollar per barrel price.
Oil's rise to near US$120 a barrel looks like more than just another bubble - Yahoo! Canada News
Quote:
Originally Posted by stylesbjj
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.
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Much more important development recently is the coming wave of plug-in-hybrids and the fact that many electric companies are offering people alternative source electric power. Nation Grid is offering customers the option to buy purely produced electric from wind farm or half produced by wind energy or Hydro Electric. It is not like they are sending non coal produced electricity to the houses it just they will begin buying based on interest their electric from Wind and Hydro producers based in New York and Canada.
There is a company based in Massachusetts that has developed a safe battery that allows for plug-in-hybrids that will get 40 miles on a charge right out of the gate today. Toyota Prius that was developed can get an average of 100 miles per gallon highway and city average using A123Systems battery technology.
Here is a link to the news about A123Systems program for converting Prius to a 100 plus mile per gallon car downside is the conversion adds 10 grand to the cars price. The kit will work with almost all models of the Prius line including 2004 models till today. They stated that has production capacity goes up the price of the battery pack will drop to half it's price possibly before the end of next year about the time GM Volt comes out.
A123Systems :: Home
Here is the Hymotion website devoted to the Plug-In-Hybrid Prius.
Hymotion :: Enabling the new generation of hybrid owners to maximize their fuel efficiency
Here is the link to Green Start renueable energy option that adds 5 to 12 dollar each month depending on the option you take but that increase and may be tax deductible.
Clean Energy Choice - National Grid
Interesting article about the possibility of a 500 MPG car downside it requires biofuel's to get to that level of cutting off Oil.
Sense of Events: The coming 500 mpg car