GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Scared shitless of $100 oil? Here's some HOPE

bhutocracy · 11-07-2007, 11:02 PM

this is from forbes

oil at $100 a barrel? No way, says one defiant expert. Expect $60 crude--soon.

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However, what no one mentions here is peak oil. Prices might fall in the next couple of months.. but for how many years are the Saudi's going to keep 8.5+ up? And demand grows each and every year. Next year they might need 10, not 9.5... Theoretically the Saudi's can go higher - 12+ but not efficiently.. not without harming the long term total mmbbls produced. And even so.. how many years would that give us anyway?

Biofuels besides algae is a total furphy. Some countries like Brazil might be able to do it in the right climate and right population, but even then not without significant deforestation and other negative factors.

We need a serious "New Deal" on true alternative energy and massive changes in the way we use oil. But people aren't going to give up their hummers until the very second. Whatever. I'm buying up oil and energy stocks. ;)

11-07-2007, 11:02 PM
bhutocracy Not making A Comeback Industry Role: Join Date: Dec 2001 Posts: 10,218	this is from forbes oil at $100 a barrel? No way, says one defiant expert. Expect $60 crude--soon. ---------------------------------- However, what no one mentions here is peak oil. Prices might fall in the next couple of months.. but for how many years are the Saudi's going to keep 8.5+ up? And demand grows each and every year. Next year they might need 10, not 9.5... Theoretically the Saudi's can go higher - 12+ but not efficiently.. not without harming the long term total mmbbls produced. And even so.. how many years would that give us anyway? Biofuels besides algae is a total furphy. Some countries like Brazil might be able to do it in the right climate and right population, but even then not without significant deforestation and other negative factors. We need a serious "New Deal" on true alternative energy and massive changes in the way we use oil. But people aren't going to give up their hummers until the very second. Whatever. I'm buying up oil and energy stocks. ;)