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  #1  
Old 01-27-2006, 06:25 PM
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Scenario: Oil at $262/barrel, What Price Diesel?

This is a scary thought, that the price of oil can go up to $262/barrel . I calculated that diesel will be priced at more than $10/gallon. That will sure spell the demise of the SUVs, and encourage the use of WVO and SVO . Even now with the price of diesel at $2.80/gallon, I am thinking of going back to SVO.
http://money.cnn.com/2006/01/27/news/international/pluggedin_fortune/index.htm?cnn=yes

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Old 01-27-2006, 06:36 PM
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Just posted a link to this article in the BLUETEC thread as well. I hope someone can get widescale biodiesel production from algae going soon. This could very well spell the downfall of the trucks and SUV's, at least the gasoline-powered ones. They may be resurrected in the form of cleaner-burning diesels running on biodiesel, and that's fine by me, though still rather wasteful.
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Old 01-27-2006, 06:52 PM
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Quote:
Originally Posted by DieselAddict
Just posted a link to this article in the BLUETEC thread as well. I hope someone can get widescale biodiesel production from algae going soon. This could very well spell the downfall of the trucks and SUV's, at least the gasoline-powered ones. They may be resurrected in the form of cleaner-burning diesels running on biodiesel, and that's fine by me, though still rather wasteful.
Well, great minds think alike
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Old 01-27-2006, 07:04 PM
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Oil at that price will not happen. If if did it would colapse our economy worse than the great deperssion. Nothing would move, get made or bought. Driving would be the last thing on anybodys mind. I think eating and surviving would be the most important things then.
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  #5  
Old 01-27-2006, 07:18 PM
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Quote:
Originally Posted by Diesel Giant
Oil at that price will not happen. If if did it would colapse our economy worse than the great deperssion. Nothing would move, get made or bought. Driving would be the last thing on anybodys mind. I think eating and surviving would be the most important things then.
I have to agree, for the most part. The economy does down as oil prices go up ... oil is a very consistent predictor of the economy, actually. When we get to the point where demand outdrains supply as to raise the prices that drastically, the economy will go berserk. It isn't as far off as we like to think. The less oil the world has to offer, the harder it is to extract it. The world is most definately consuming oil at a rate which oil production will not be able to keep up with.

I hate to be a party pooper, but I think all the dancing and frolicing over alternative energy sources is a bit more sunshine-and-rainbows than a lot of people would like to believe. Pretty much everything -- from hydrogen to WVO to biodiesel to electric -- has some sort of major hurdle or drawback. That's not to say those technologies won't be up to speed someday ... we're a brilliant species and I believe our engineers will figure it out. But it ain't there yet, and I doubt it will be there before the oil situation becomes very, very bad. It's going to get ugly ...
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Old 01-27-2006, 07:19 PM
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Well I hope that the engineers would hurry up and figure it out!
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Old 01-27-2006, 07:19 PM
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... and dieselgiant is right ... when the poo hits the fan, driving the kiddos to soccer practice won't be the big issue. We'll be more concerned with the fact that our nation -- and pretty much the whole developed world -- will come to a screeching halt.
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  #8  
Old 01-27-2006, 07:26 PM
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True. If our economy collapses then I would guess the world wide economy would go into a huge depression. Remember when the Japanese economy was in a recession, it affected the world wide economy. And out economy is light years bigger.
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  #9  
Old 01-27-2006, 07:46 PM
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Quote:
Originally Posted by Diesel Giant
True. If our economy collapses then I would guess the world wide economy would go into a huge depression. Remember when the Japanese economy was in a recession, it affected the world wide economy. And out economy is light years bigger.
True, but it won't just be the effect of our crashing economy that harms other nations ... they're economies will bonk as well, because they are also extremely and increasingly reliant on oil. In terms of manufacturing, most industrial nations require a great deal of oil-produced energy to keep their economies running. As they grow, their demand has gone up, which is one reason the oil situation is getting worse here ... and worldwide. Too many grazers, not enough grass ...
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Old 01-27-2006, 10:19 PM
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Could all eventually lead to something known as "population control", to limit or reduce the number of "Grazers".
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  #11  
Old 01-27-2006, 10:40 PM
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Oh Canada!

There was a segment on 60 Minutes last week about some huge oil reserves in Canada. I really wasn't paying too much attention to the program, but I did manage to grasp a few of the main points.....

There are vast reserves of oil that are contained in some really nasty looking dirt up there. It isn't as convenient or cheap to obtain as Saudi oil, but at todays price per barrel, it is beginning to be attractive. The amount of proven reserves was staggering...I think they said it was at least 9 times the amount that Saudi Arabia has....past, present and future. They said that it is likely that there is much more oil than the proven reserves. The prospects of getting oil from a stable, civilized country (Canada) looks really promising. They said that it could keep this country running for at least another 100 years. The Chinese have already sent delegations to Canada to try to get their hand in the pot.

Did anyone else see this? Did I leave something out....???

Thanks,
Keith
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Old 01-27-2006, 11:11 PM
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Only that it will take a huge amount of natural gas or other energy source to free the oil from the sands or "dirt". Also that there will be tremendous environmental issues with the mining and 'tailings', like all massive solids handling situations have. Yeah, I agree, no one lives in the middle of the area now, but the issue will be there.
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  #13  
Old 01-27-2006, 11:39 PM
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Quote:
Originally Posted by Rich300TDMBZ
This is a scary thought, that the price of oil can go up to $262/barrel . I calculated that diesel will be priced at more than $10/gallon. That will sure spell the demise of the SUVs, and encourage the use of WVO and SVO . Even now with the price of diesel at $2.80/gallon, I am thinking of going back to SVO.
http://money.cnn.com/2006/01/27/news/international/pluggedin_fortune/index.htm?cnn=yes
And SVO and WVO. What are they and how did they get there? IOW, are they tainted by oil in one form or another? At that point, how much will WVO and SVO be? Will there be fights over it? Yep, trucks and SUVs will go but so will everything else so if that is all you are concerned about, it will be a good thing for you. So, what will you wear to celebrate the death of the SUV and truck? A coat made from rabbit or some other animal? Shot with what? The bow you made from a tree and the arrow from a branch? So, at that rate, how much will WVO and SVO be, assuming it isn't rationed?
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  #14  
Old 01-27-2006, 11:57 PM
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Quote:
Originally Posted by Keith_otr
There was a segment on 60 Minutes last week about some huge oil reserves in Canada. I really wasn't paying too much attention to the program, but I did manage to grasp a few of the main points.....

There are vast reserves of oil that are contained in some really nasty looking dirt up there. It isn't as convenient or cheap to obtain as Saudi oil, but at todays price per barrel, it is beginning to be attractive. The amount of proven reserves was staggering...I think they said it was at least 9 times the amount that Saudi Arabia has....past, present and future. They said that it is likely that there is much more oil than the proven reserves. The prospects of getting oil from a stable, civilized country (Canada) looks really promising. They said that it could keep this country running for at least another 100 years. The Chinese have already sent delegations to Canada to try to get their hand in the pot.

Did anyone else see this? Did I leave something out....???

Thanks,
Keith
I didn't get it from 60 min. but I heard an *expert* saying that it was cheaper to extract than oil from saudi. He also went on to say that there was ~ 200 billion barrels up there! I believe the area also included part of the rocky mtn. range. Anyone else stay up and listen to (Art Bell) Coast-To-Coast AM? This guest was on with George Noorey not too long ago.
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  #15  
Old 01-28-2006, 12:06 AM
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Quote:
Originally Posted by Lycoming-8
Could all eventually lead to something known as "population control", to limit or reduce the number of "Grazers".
Hey, if nature works the way it has in the past, we won't need to control the population ourselves ...

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