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The end of oil?
Posted on Sunday, April 17, 2005 @ 18:38:50 UTC by vlad

General "...THE INTERNATIONAL Energy Agency recently announced that the demand for energy is growing at the fastest rate in 24 years...

WHEN OIL prices topped a record-breaking $58 a barrel recently, it unleashed a flurry of debate about the future direction of energy prices.

The investment firm Goldman Sachs released a report speculating that the oil market may be at the beginning of a “super spike”--which could push prices as high as $105 a barrel. Gasoline prices have already topped $2.25 a gallon in many parts of the country and may climb above $3 a gallon this summer.

There are a number of short-term reasons for the current increase in prices--including questions about U.S. refinery capacity, low stocks and fears about instability in the Middle East. But underlying the recent surge is a more serious long-term issue: rising demand for oil internationally, as production reaches its peak. GEOFF BAILEY examines the politics of oil today..."
................

Read the whole article here: http://www.socialistworker.org/

 
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"The end of oil?" | Login/Create an Account | 7 comments | Search Discussion
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Re: The end of oil? (Score: 1)
by ElectroDynaCat on Sunday, April 17, 2005 @ 21:29:36 UTC
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From my own personal observation, oil and gas prices are not high enough to get Americans to do the one simple act that can make them go back down. That is the simple act of driving 55 mph instead of 65+.

This simple solution put the fear of God back into the OPEC greed breeders back in the 70's during the first American energy crisis. Within 5 years OPEC almost went broke and received little sympathy.

Yet America returned to its old ways, and now no one remembers that old slogan "55 saves lives and gas"

On Americas highways, everyone is still driving hell-bent-for-election, with the accelerator pedal down as far as the nearest State Trooper can let them get away with. Interstate Truckers still seem to have the "Hammer Down" too, record levels of Diesel Fuel prices are still not high enough for them to back off the accelerator.

The mileage numbers have not changed, driving 55 mph will increase gas mileage by about 20% over driving 65. People will pass you up agitated at 65, honking their horns and waving their finger like you're some kind of social degenerate obstructing their lives, evidently gas prices are still not high enough for them either.

I'll believe gas prices are high when people start drivng sanely again, otherwise OPEC, LET HER RIP!

How high will gas prices go up before people slow down? Maybe when it takes a weeks pay to fill your tank, or maybe we'll just have to rush off to our second or third job to pay for our folly.



Re: The end of oil? (Score: 1)
by Kadamose on Sunday, April 17, 2005 @ 23:30:49 UTC
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I'm probably going to get flamed for this...but there is no energy crisis, and there never was! In fact, depleted oil fields are mysteriously filling back up again.

What really irritates me, is many of the world's governments are aware of Zero Point Energy, and many of their "black projects' have successfully tapped into it, and have created converters that go well beyond 100% efficiency. So why isn't THIS technology and energy source being released to the world? It's simple. Abundance = freedom; Scarcity = slavery/control.

It's really sad that we have the technology to cure all of the world's problems, and so much more...but no one wants to use it because it will destroy the economy and the people's current perceptions of the world.

With this in mind, I am truly ashamed to be a part of the human race - we are selfish, vile creatures who have absolutely no clue as to the inner workings of our universe and the other dimensions beyond this one...and if this suppression of technology and knowledge continues, we never will.



We're Running on Empty! You're Full of It! (Score: 1)
by vlad on Sunday, April 24, 2005 @ 19:00:32 UTC
(User Info | Send a Message) http://www.zpenergy.com
E-MAIL ALTERCATION (from latimes.com)

Do today's high gasoline prices foreshadow a severe energy shortage? If so, what can be done about it? Opinion asked Peter W. Huber, co-author of "The Bottomless Well: The Twilight of Fuel, the Virtue of Waste and Why We Will Never Run Out of Energy," and Paul Roberts, author of "The End of Oil: On the Edge of a Perilous New World," to debate the energy-supply question by e-mail. The editors — with each party's final approval — condensed and edited the exchange.

Read article here: Running on Empty



 

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