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Peak Oil !, Peak Oil Debate !!!!!!!!!!!
bigorganicnetwor...
post Oct 5 2008, 09:11 PM
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I think peak oil is totally here.

I think the pumps are gonna hit the ground dry and leave you with 25$ a gallon gas in 5 years, or worse.

Whatdyou think?
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earnmillions
post Oct 6 2008, 07:37 PM
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excellent biggrin.gif


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ForexBlackHand
post Oct 7 2008, 07:18 PM
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no idea what are u talking about


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bigorganicnetwor...
post Oct 8 2008, 03:31 AM
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QUOTE (ForexBlackHand @ Oct 7 2008, 07:18 PM) *
no idea what are u talking about



Let's sum it up then;

Oil is not "continuously created"

They dont make "more" of it.

As we use 84+ Million barrels a day,

We already went thru more than half of the entire planet's reserve.

The remaining half will now be battled over as we go towards the decline and ultimate end of the oil age in 25 to 50 years.

I can argue this with anyone. Hit reply if you want more.

PS: This dosnt mean that "theres no more oil", It just means that eventually, in all likeliness, oil will climb up to 200, then 500, then 1000, then 10000, then 100000, etc etc etc.

This is for the same reason that one american dollar is worth about the same as an american penny was worth at the beginning of the century.

I know that there is a LOT of oil on earth, but surely not enough for HOW we use it. Half of it gone in 75 years, the other half wont take 50, and it wont be the nice oil either.
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Zenite
post Dec 9 2008, 06:09 AM
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This should be an interesting thread sad.gif
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MaggBeauty
post Dec 17 2008, 06:13 PM
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Sometime this year this known guy Goldman said oil prices would reach $200 then everybody laughed at him and he finished saying $45
“The financial services firm Merrill Lynch says oil could dip as low as $25 a barrel next year as the global recession takes hold. Goldman Sachs, which has revised its 2009 projections three times, has a slightly more bullish outlook, forecasting that crude prices will average $45.”
Source: www.rferl.org
$25? I’d probably say “yes”
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dannyson1
post Dec 20 2008, 09:31 AM
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I doubt it, demand for oil will continue to drop as alternative sources of fuel become available.


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MadgeClark
post Apr 12 2009, 11:58 PM
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oil gets more expensive less people use it, they walk, get a train, take holidays in there own country, shop nearby which will mean less oil get used and due to the increase of price further forms of energy turn out to be further inexpensively feasible. sad.gif


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mrpaisa
post Jul 29 2009, 09:46 PM
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QUOTE (dannyson1 @ Dec 21 2008, 12:01 AM) *
I doubt it, demand for oil will continue to drop as alternative sources of fuel become available.

Crude Oil Asian stocks fell down as that commodities prices have risen faster than a recovery in demand.


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mrpaisa
post Aug 3 2009, 09:55 PM
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QUOTE (bigorganicnetwork @ Oct 8 2008, 06:01 PM) *
Let's sum it up then;

Oil is not "continuously created"

They dont make "more" of it.

As we use 84+ Million barrels a day,

We already went thru more than half of the entire planet's reserve.

The remaining half will now be battled over as we go towards the decline and ultimate end of the oil age in 25 to 50 years.

I can argue this with anyone. Hit reply if you want more.

PS: This dosnt mean that "theres no more oil", It just means that eventually, in all likeliness, oil will climb up to 200, then 500, then 1000, then 10000, then 100000, etc etc etc.

This is for the same reason that one american dollar is worth about the same as an american penny was worth at the beginning of the century.

I know that there is a LOT of oil on earth, but surely not enough for HOW we use it. Half of it gone in 75 years, the other half wont take 50, and it wont be the nice oil either.

Local gasoline prices also have been trending lower, though not in proportion with oil.


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mrpaisa
post Aug 10 2009, 09:48 PM
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QUOTE (bigorganicnetwork @ Oct 8 2008, 05:01 PM) *
Let's sum it up then;

Oil is not "continuously created"

They dont make "more" of it.

As we use 84+ Million barrels a day,

We already went thru more than half of the entire planet's reserve.

The remaining half will now be battled over as we go towards the decline and ultimate end of the oil age in 25 to 50 years.

I can argue this with anyone. Hit reply if you want more.

PS: This dosnt mean that "theres no more oil", It just means that eventually, in all likeliness, oil will climb up to 200, then 500, then 1000, then 10000, then 100000, etc etc etc.

This is for the same reason that one american dollar is worth about the same as an american penny was worth at the beginning of the century.

I know that there is a LOT of oil on earth, but surely not enough for HOW we use it. Half of it gone in 75 years, the other half wont take 50, and it wont be the nice oil either.

Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. The concept is based on the observed production rates of individual oil wells, and the combined production rate of a field of related oil wells.


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mrpaisa
post Aug 20 2009, 08:48 PM
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Interesting Thread For Investors rotflmao.gif


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