LOL! Where's IluvUman when you need him?

Oil tanked when the global economy did, what a coincidence

Cause and effect.


SS

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1985 RZ500 Project Bike
1986 NS400R HRC
1987 TZR 250
1988 RGV 250
1989 RZ 350 F2
1990 RZ 350 N2

opec use the us dollar

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laugh if you want, peak oil is a fact. the only debate is over when it will peak.

not if ... when.

and if we are not ready when it happens, we're hosed.

Oil & gas prices coming down? All Bush's fault.

Wait, it isn't? Well it was his fault when it went up so surely he's to blame for it coming down. And, when Opec throttles back production to create false supply constriction, and it goes back up, this will be Bush's fault too....even if Obama is in office.

I love how that works.

Oh, and Peak Oil™ is a lot of hot air. As far back as 1915 experts have predicted we had reached the limits of the oil available and there was no more to be found or explored. This has resurfaced every decade or so, and it's always been 99% hysteria. Technology has continued to find more and more and more oil, we'll be dead and gone many times over before we ever see the end of newly discovered oil.

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Never met a dog I didn't like, a machine I couldn't break, or a woman I couldn't tick off.

Do you have kids? We're leaving the next generation(s) a really nasty legacy. Just because we'll be dead is no excuse for the massive waste we're guilty of. Future generations will see us as very, very stupid for wasting the limited resources of the planet. There's a finite supply of oil. We need to start conserving what we can. Even a small effort is better than none at all.

Personally, I believe there will be a mass die-off of one sort or another in the relatively near future. Either someone will cook up a really nasty biological weapon or just use good old nukes. Or maybe the cagers will finally get us all.

Cheery thought, eh?

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1979 GL1000 Goldwing / 1992 Nighthawk 250 - Baby
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2002 DL1000 - Fluffy the Torque Monster (Deceased)
2003 DL1000 - Freya, Leather Winged Demon of the Night

Logic says there is a finite amount of oil in existence.
When we run out it will be catastrophic for the world economy.
Even if we have alternatives it will still be catastrophic as so many products have petroleum somewhere in its production/composition that the changeover to any alternative will be painful if there even is an alternative.
Any alternatives to oil will be underdeveloped due to lack of need until the panic sets in. Thus it will take time to change over the infastructure to the alternative(s).

When will we run out? No one knows as it has been pointed out there has been many times when it has been claimed "there is no more reserves to drill for" .

Should we conserve? You bet we should.
Should we develop alternatives? Yes!
Should we we use alternatives? When ever possible/viable.

We may not be at the end of oil yet. The longer we put off the advancement of alternatives the harder it will be on everyone when it does happen.

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Stromtrooper Offroad Riders #7

If underground crude was the only source of oil, then there might be cause for more concern. However, synthetic fuel and lubricants (from coal, in that case) were a major source for the Germans during WW-II. I'm certain the technology has improved since then, and some sources previously estimated that synthetics would be financially viable when oil hit $50 a barrel. From an energy standpoint, almost any hydrocarbon feedstock (chicken fat, for example) can be made into fuel with suitable application of external energy sources. So the sky is not falling. Besides, the internal combustion engine has about run its course. When battery or fuel-cell technology gets a little better, burning fossil fuels for power will wane. Was a little shocked (though not surprised) to read a while back that the average automobile uses about 1% of the energy content of fuel burned to move the passenger. Maybe we can, and need to, do better than that.

link please. financial viability at $50/barrel would be a very big deal ... i assume we are talking volume production?

It seems doubtful that we'll see any replacement for conventional petroleum products any time soon. Perhaps when we are faced with the dire consequences of doing without it we'll take the problem more seriously. That seems to be the way it's heading. Let's not worry about it until it's too late.

Peak oil may be determined by more that shrinking supplies. Speculators, as well as increased demand in China and India, drove the price up. The shrinking economy drove the price down. Where is the peak? Maybe $200 or even higher? My impression is that when oil hits those prices, the economic mess we are seeing now will be repeated on a larger scale.

Just my humble opinion.

SS

__________________
DL650K7
1985 RZ500
1985 RZ500 Project Bike
1986 NS400R HRC
1987 TZR 250
1988 RGV 250
1989 RZ 350 F2
1990 RZ 350 N2