Oil Will Be back At $100
This is comforting and likely true … of course the cry will be alternative energy instead of drill baby drill. How about all of it … nope … no with a President Obama.
The Money Line is right at the top … “You still a billionaire?”
Would love to see a chart showing oil prices 2 months before Bush removed the executive ban ending in todays $56. Might be interesting to see how it went down or up at each step where the ban was removed.
Also I found this chart feature on USA Today web site. Its fun to put in the different dates seeing how the market moved.
No No No. There is no reason to drill any more wells. We have new battery techologies ,we have fuel cells being perfected we have solar and wind and now mini nukes, geo thermo and everyyear our collages are putting out more and more researce that is bringing on more and more techologies to the forfront.America is a land of cutting edge techologies and it is time to say good buy to burning our desendents remains for energy.Remember oil is the remains of the living from a solid to a liguid and then to a final state a gas.It is time to retool our refineres to processing salt water to fresh water and turn those tankers around and sell water.We can bash auto makers for not seeing the writting on the wall but lets us not stop from seeing that oil techologies are on the way out and never to be gone but the peak of use for oil has been meet and the demand will never reach the point it was in the 90's.. Long live alterative energy and be this a warning to you in the middleeast your main resource is no longer needed as President Bush warned you,so you have a decade to perpare your people's and find something else for them before you unlease hundreds of million of unemployed and desperate on us…
A sad up date T. bone Pickens may have cancelled his wind project because of the oil price crash. 🙁 .. The good news is there may be a growing movement to get rid of gasoline cars and use alcohole for fuel . :).. Mr. Pickings now may have moved on to pushing for the elimation of diseal engines and replace with natural gas.Good luck it will never happen but good luck.
Please, of all the "alternate energy" concepts, many of which I'm all in favor and some of those can only offset rather than replace, wind is the most unlikely to be effective. Windmills had a purpose in ye olden days (which as I recall had nothing to do with energy generation), but you just can't generate enough energy with those unless your practically in the middle of a tornado.