• Expendable said on Jun 28, 2008....

  There's a ton of oil out there. Mostly it's the sweet light crude that they're selling right now for $140 a barrel, but there's a sour heavy crude that could be used too - you just need to make some changes at a refinery to process it. Which nobody's doing yet.
   
  And American oil companies are sitting on leases to known oil fields they've not tapped yet.
   
  We've not run out of oil yet.

• pickersplock said on Jun 28, 2008....

  Thankfully, I believe the days of the large SUVs are over.
  I hate those things!
  If you need a truck, more power to you!
  But you're not fooling anyone driving around your monster SUV, terrorizing everyone!
  You want a safe car that doesn't slide in the winter, buy some studded snow tires, for pete's sake!
   
  If we're running out of oil, or not, we should become less
  dependent on other countries for our energy!
   
  Now about a car that runs on garbage?
  That's my kind of car!

• SeanRenaud said on Jun 28, 2008....

  Wait, when did Japan go to war with us over oil?  I almost had to stop reading at that point.
   
  It's possible that SUV's are on the way out, I doubt it, the people who need them (soccer moms) still need them and the alternative to on SUV that gets 24 mpgs is going to be two hybrids that get 35 mpgs. 
   
  Also its not proven that US oil companies are sitting on known oil fields they've not tapped (I'm sure they are) but it's not proven.  Pretty much they are leasing chunks that based on what we know geologically are likely to find oil.  Meanwhile we KNOW there is oil in ANWR and we can't drill it.
   
  We are currently developing technologies that that can potentially make oil out of anything.  Which is particularly exciting because it could potentially empty our land fills (give us more land to develope) and revolutionize the way we hand our sewage.  Another process uses genetic mutation to trick bacteria into excreeting oil.
   
   

• pickersplock said on Jun 28, 2008....

  SR, Leafblower is talking about WWII, remember the oil emargo?
   
  http://www.american.edu/TED/ice/japan-oil.htm

• SeanRenaud said on Jun 28, 2008....

  Yeah, but that wasn't the only point.  And it was a huge blunder ontop of that but fair enough.

• Fallyn said on Jun 28, 2008....

  no we aren't running out of oil yet...but yes...we've hit world peak oil.....yes.....there will be less and less from now on.
  how fast that happens...... *shrug*
  

• travelr712 said on Jun 28, 2008....

  world oil consumption is down by nearly 2% over last year and the year before, yet gas prices are twice as high.
   
  peak oil is not the fact that we are running out of oil. peak oil is the concept that we are using as much oil as we are producing, so that there is no surplus right now to keep prices low.
   
  it is true that in the 70's, there was a peak oil scare, made worse by carter's oil embargos that put this country in the same position then that it is now. so new sources of oil were found and exploited. and then when the embargo lifted, oil prices took a nose dive.
   
  wildcatters are back on the scene in texas and other states. but they're not drilling new wells. they're tapping the old wells that still have oil in them, but got to the point that it was more expensive to extract at $18/bbl than shell could make from selling it. but at $143/bbl, the wildcatters can make money.
   
  one of the largest oil fields in the world is off the coast of fla. the gov't won't let our oil companies drill for it. however, china is building platforms just off the coast of cuba to tap it, just 60 miles away.
   
  this country has enough crude oil to last us for 200 years, but the oil companies are not allowed to drill for it. if they were, gas would go back down to 50 cents a gallon.
   
  peak oil was used as a vehicle to drive up the price of oil for the investors that held futures contracts. with the weakness of the dollar, oil and gold become the hedge fund for many investors. so it's not that the world is running out of oil. it's that there are only a certain number of futures contracts available to wall street, nikkei and shanghai investors, and an overabundance of investors who want them, driving the prices up. this is a bubble in the market, just like the dot com, credit, and subprime markets were.
   
  my thought is that when the regeim changes hands, especially if it becomes democratic, the bubble will burst, and prices will adjust downward accordingly. probably around 2010 tho.

• ALIENated said on Jun 28, 2008....

  
  We can make oil out of garbage. There are links to that in my posts. But
  you are finally beginning to get that we have entered the end times. This
  was all orchestrated a long time ago and written about in a little book 
  called Revelations. Hey, do not shoot the messenger. Just wake up and 
  smell the coffee, or is that oil wells burning? Even Borax has a part to play.
  He shall hand Israel over to its enemies on a silver plate as swooning teens
  cheer and jump up and down chanting his name. And old yellow dog
  Democrats shall swell with pride because they defeated the evil Republican
  party, the party of the evil George Bush. Ha ha ha. Can you say dead 
  wrong? I just hate delivering this bad news, but oil is just the catalyst, 
  and it has been there for you to read for centuries now.
  
  

• Lucytorial said on Jun 28, 2008....

  We have a small business here making deisel for cars from refined cooking oils from restaurants.

  There are ways of making oil as Alienated says out of refuse, I'm not sure about running out oil soon but I do believe its useless to still consider oil in the future, energies should be focused on other energysources.  Just MHO

• ALIENated said on Jun 28, 2008....

  
  I am looking for a moped because we are now changing places with China 
  thanks to the choke hold environmental wackos have on the Democrats who
  now are in the majority again and refuse to let anyone drill for oil. When
  you see someone go by on a moped, think: there goes ALIENated, doing his
  part to offset stupid Democrats. Drive your SUV thanks to me.
  
  

• Lucytorial said on Jun 28, 2008....

  What about your space ship??? Haven't you found the parts for that yet? lol

• dailyachesandpains said on Jun 28, 2008....

  I'm pretty pissed I didn't listen to that "idiot" on the radio commercial back in the 1990's about investing in oil.  When I would drive in my car and hear that radio commercial, I would say "Only suckers will call him!"  Yup, I'm the sucker that didn't. 
   
  Joe Kennedy has gotten hell for running a program here called "Citizens Energy."  It's for the elderly and poor that have a fixed income and can't afford to heat their homes (not available in all states).  I want to call Joe and ask him to fill our tank just because!
   
  Daily

• ALIENated said on Jun 28, 2008....

  
  Is he the guy that did not like looking at the windmills across the bay?
  
  

• travelr712 said on Jun 28, 2008....

  the earth will go on, just as it has. humans will go on, just as they have. and end times prophets will decry, just as they have.

• dailyachesandpains said on Jun 29, 2008....

  Alien...Ted Kennedy?  I'm not sure about him and windmills.  It would make sense if he didn't want to look at them because the "compound" is on the Cape and it was around that area that they were talking about putting them in.  Not sure if they ever went in. 

• GEORGEBUSH said on Jun 30, 2008....

  I'm still mad about Germany bombing Pearl Harbor!

  China gets all the oil and owns WAL-MART 2.

  Don't ya dare talk 2 me about oil shale  . 500 years of oil,but know  muney 4 mee. If Mexico attacks Canada wear shuld I stand? I prafur taquilla to wat the Kennedys chug.The mafia killed Johnboy. Wat does all this mean? Gas will hit &10.00 buckaroos. CHA CHING!!!!!!!!!!!!!!

  I'm on a roll. 100 hundred year wor cumin up!           .

• lfbno7 said on Jul 01, 2008....

  I am honored to have the president of the United States commenting on my post.

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