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Oil Price
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Originally posted by BlasterBates View Post
Time to move to another planet methinksConfusion is a natural state of being -
I've bought £££££££££ of oil at 90 ish $ per barrel.
And Gold at around $800 per oz.
Boomed mate.
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Originally posted by BlasterBates View PostComment
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So oil will be $500 a barrel. When a $ is worth thrupence 'apenney, who cares?Down with racism. Long live miscegenation!Comment
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Originally posted by NotAllThere View PostSo oil will be $500 a barrel. When a $ is worth thrupence 'apenney, who cares?
It won't happen. If we had no other fuel alternatives I would agree, but there will be so many other alternatives within the next decade or so, and many are being developed right now.Comment
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Originally posted by SandyDown View PostWhat a complete Ar$e Hole - he discovered nowt... oil exploration companies, academics and field geologists have realised this for a long time now ago, for the last decade there has been hundreds of projects find ways to optimise production and increase reservoir recovery value - but ultimately the oil will run out - around 2080 to 2100 ... also in the background hundreds of projects are going on for alternative energy supplies. They didn't need an ar$e hole investment banker to tell them this
The fundamental issue with all this oil is
- there is evidence to suggest we will NEVER run out of oil as its a self replenishing source - just ask Russia they allegedly have proved this
- There are NUMEROUS initiatives going on in the background right now to get a replacement or fine tune what we have but havent been exposed to
- We [UK] WILL fast track Nuclear Power Stations - is IS the RIGHT thing to do and those namby pamby geography educated sandle wearers can smoke that in their pipe and plat there beards [women too!]
Just look at shifts and patterns - Has anyone seen the amount of commernce and infrastructure Dubai, Qatar and Abu Dhabhi is building? What for? Anyone thought WHY they are doing this? They know that the USD is limited to them very soon as oil gets too expensive - USA have fast tracked and are funding IMMENSE resources for a replacement as they now know that they cannot rely on Saudi, Iran, Russia and all to hold them Ransom. UK got a smell of "ass ownership" only last month when we tried to tell Russia what to do with there regional conflict - we rely on them partially for Gas! -
I suspect we will all see some very serious acceleration in Coal and Nuclear enegery in this country WITHIN 5-10 years.
But one thing to worth thinking about - within 8 years our energy requirements will actually strip our energy production capabilities - this isnt hear say but FACT - this is serious stuff that will effect us all - which is way with the events of last month have really woken up people! It's now a case of what these people can do!
Another fact - the next nation\company to produce the energy replacement will rule the world for the next 200+ years! Its been USA this period - who will it be next :-)Last edited by Liability; 22 September 2008, 18:14.Comment
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Originally posted by BrilloPad View PostMaybe they should ban the short sellers?Comment
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- There are NUMEROUS initiatives going on in the background right now to get a replacement or fine tune what we have but havent been exposed to
and agree the next energy source is going to be Nuclear.
But one thing to worth thinking about - within 8 years our energy requirements will actually strip our energy production capabilities - this isnt hear say but FACT -Comment
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