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Fender
Posted: Fri Mar 25, 2005 6:26 pm
by Massive Quasars
http://www.amazon.com/exec/obidos/ASIN/ ... 65-2773439
Have you read this book? I saw an interview with Peter Hubert on Lou Dobbs and he made the point about prices adjusted for inflation not being that high at all. He said that the highest price (again adjusted for today's prices) was $90 a barrel back in '81. Also, he claimed that oil could go up to $120 a barrel before the US economy would take a hit. The other important point he made was that we are now able to tap into the nearly 3 trillion barrel reserve of oil in the Alberta tar sands. Most of it remains unaccessable with today's technology, but will likely be cost effective and accessable as oil demand increases and technology progresses.
Posted: Fri Mar 25, 2005 6:56 pm
by Fender
Actually, I haven't, but it sounds interesting. And pretty controversial if the user comments are any indication.
It really is amazing when you explain to people that oil prices are about 50% of their historic high and gas in 1981 was about 50% more expensive than it currently is. Usually gets their attention for a few minutes, anyway.
Posted: Fri Mar 25, 2005 7:01 pm
by Massive Quasars
If I recall, one of the authors is a physicist.
Posted: Fri Mar 25, 2005 9:53 pm
by Duhard
laff...only nerds read books
Posted: Fri Mar 25, 2005 10:56 pm
by R00k
http://english.aljazeera.net/NR/exeres/ ... 144333.htm
The International Energy Agency is to propose drastic cutbacks in car use to halt continuing oil-supply problems. Those cutbacks include anything from car-pooling to outright police-enforced driving bans for citizens.
Are you guys bent? :icon27:
Posted: Sat Mar 26, 2005 12:03 am
by Fender
That directed @ the IEA or us?
Posted: Sat Mar 26, 2005 4:59 pm
by R00k
At you guys. The writing's on the wall man. The IEA obviously isn't going to put any bans or rations on us unless we want them to, but the fact they're even talking about it points to a long-term supply shortage on the horizon. And we still aren't doing much to prepare for it.
Posted: Sat Mar 26, 2005 5:10 pm
by blood.angel
Looks like a faux science book produced to coin in on the current scares/hype
Posted: Sun Mar 27, 2005 4:47 am
by Massive Quasars
Not sure myself... there are a number of variables that would affect the severity of a possible oil crisis if it's ever realized.
Posted: Sun Mar 27, 2005 6:00 am
by R00k
And every one of them hinges on realization and preparation.
Posted: Tue Apr 05, 2005 1:30 am
by Massive Quasars
Posted: Tue Apr 05, 2005 2:36 am
by Fender
Ouch. But you do have to take a prediction from the market's largest investor with a grain of salt.
Goldman Sachs, the biggest trader of energy derivatives, said in a research report yesterday that oil markets had entered a "super-spike" period that could see prices rising as high as $US105 a barrel.
Hmmm... I wonder who profits if everyone believes that prediction??? Hmmm...