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Go Back  Sherdog Mixed Martial Arts Forums > General Discussion > The War Room > Oil hits record $120.93 on fear of tight supply

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Old 05-06-2008, 08:07 PM   #31 (permalink)
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Oil will contionue up for a long time... 120 dollars a barrell is cheap.
Go to any supermarket and you will have bottled water more expensive than gas. Demand is increasing, supply diminishing. The big oil fields are running dry and there's not that many new ones that are big.
Expect 200 dollars a barrell in one year.
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Old 05-06-2008, 08:14 PM   #32 (permalink)

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I suppose we are just going to ignore the problems of biofuel, namely increased food costs and food shortages. Biofuels are not the answer, not if they have to be grown.
There is no problem at all with bio-fuel, much land in the world to farm.

The price of food is increasing world wide because China and India are finally eating by growing a middle class bigger than north america and europe combined.
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Old 05-06-2008, 08:22 PM   #33 (permalink)

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but hydrogen is very effiecent and cleaneast energy source
bmw has been doing some significant improvements in this area (with number of their car models running successfully on hydrogen)
Yes, but we still have to change all cars in the country, build new infrastructure in all gas station.

Besides, we dont know how to get pure hydrogen without using as much energy.

Hydrogen is for the future, bio-fuel have none of these problems.

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biofuel increases food costs in huge numbers. consumers will notice (and already are).
What increasinf the price of food is a bigger demand from China, India and good part of emerging countries.

The decreasing value of dollar plays a role in this problem also.

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second generation biofuels looks promising

First Ever Second-Generation Biofuel Plant Opens in Germany | The Truth About Cars

they are making biofuel out of junk and food remanings
It is reality already, by the time we start to use ethanol and bio-diesel at large scale these options will be ready.

We have nothing to lose by switching to bio fuel now.
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Old 05-06-2008, 08:39 PM   #34 (permalink)
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Yes, but we still have to change all cars in the country, build new infrastructure in all gas station.
.
Correct and not only that hydrogen talk is great for the oil companies because they know it's delays the development of real promising new technology that can be delivered today not 5 to 10 years from now. Oil companies want to keep business as is because they are recording record profits on the backs of US consumers. It is about time that we step up and prove that Americans are not going to finance Oil Companies massive profits.

Here is an article to bring back memories for people.

Why Exxon won't produce more oil - MSN Money
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Old 05-06-2008, 08:42 PM   #35 (permalink)

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We already have full technology for bio-fuel.

Brazilian numbers:

- 95% of all cars are flex, that means it can run on any mix between gas and ethanol.

- Regular gas already has 25% of ethanol, so, there is no 100% gas here.

- Regular diesel already has 2% of bio-diesel, this number should increase by 2% every year.
Yeah. Er, I was talking about production of biofuel, I agree, the engine technology is already accomplished.

Btw, it would take up a lot of corn (much more than current capacity) for ethanol to be a viable alternative.
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Old 05-07-2008, 10:30 AM   #36 (permalink)

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Then we do what we must do, take the oil. The **** did that in ww2. Or drive hybrids. The Kurds will attack us? We will give them a bigger asskicking than what Saddam gave them
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Old 05-07-2008, 10:55 AM   #37 (permalink)

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Why not tap into the oil we discovered in some of the Northern states last month? Or convert coal to synthetic oil from Montana? The coal alone would last us for 200 years. The governor stated on GLenn Beck that the reason we aren't doing this is because the government has not specified what types of fees would have to be paid.
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Old 05-07-2008, 11:04 AM   #38 (permalink)
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Then we do what we must do, take the oil. The **** did that in ww2. Or drive hybrids. The Kurds will attack us? We will give them a bigger asskicking than what Saddam gave them
I do not think we need to take oil our cars are dino's waiting for someone to put them in the trash heap. With technology we could have cars that have 200 plus mile per hour top speed cost less then 50 cents per hundred miles to run and could have a life expectancy of 15 years. Yet we continue to pour good money into bad 100 year old technology remember the combustion engine is at least 100 years old.

We as a Country who has prided our selfs as world leaders in technology we again need to set our goals higher then ever before to set an example to the rest of the world that we can lead again. Continuing to be dependent on old obsolete technology has made us weak and unable to take control of our own destiny. We need not take anything from anyone we need to lead the rest of the world and they will buy from us then we will show who is running the show again.

This is an electric car I bet you may have seen it this is just a small under financed effort by a small company yet it is not a bad car the Tesla. Now think of a car with the vast resources of our best scientist and engineers working on a well financed goal of developing the next generation of auto and watch what we as Americans can do. We need a project that is a mandate by the Government and even if it is a world car with other Countries being a part of it like England, Germany, France it will set these Countries in the right direction as well as our future.

Tesla Motors
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Old 05-07-2008, 12:07 PM   #39 (permalink)

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The cost of oil will filter down to everything else.....food...heating oil....everything that is transported.....the companies have to recover their costs.......


get ready a mega crunch is about to hit............
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Old 05-07-2008, 02:25 PM   #40 (permalink)

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Why not tap into the oil we discovered in some of the Northern states last month? Or convert coal to synthetic oil from Montana? The coal alone would last us for 200 years. The governor stated on GLenn Beck that the reason we aren't doing this is because the government has not specified what types of fees would have to be paid.
Sources for this?

Interesting on the coal.
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