Oil

[Teejay]

I am not convinced we will ever run out of oil.

Firstly, the increasing price of crude oil is making sources of oil like the tar sands, oil shale, deep sea oil and oil deposits which need Directional drilling to be extracted. These extraction methods were not profitable at the price levels of several years ago), profitable to extract.

Secondly there is the increasing fuel efficiency of automobiles and introduction of hybrid vehicles which will in the long run despite many more cars being on the world's roads result in same petroleum use or even less.

I doubt we will ever get back to prices of $10 per barrel for oil recorded in the late 1990's or anyway near that level. However I do not believe the world is going to ever run out of oil.

[Parts]

The world will never run out i will just become too expensive and impractical with other energy sources beating it out as far a usefulness goes

[jman]

I like using oil during sexual pleasure 

[Parts]

I like using oil during sexual pleasure 

That's CRUDE 

[duncvis]

[Calandale]

IF it's such a big deal, we can always make more.

The problem is that we use too much. But hell,
coal powered cars work.

[Parts]

so do wood powered cars for that matter

[Calandale]

OR:

[Parts]

http://en.wikipedia.org/wiki/Wood_gas_generator

I have thought of making one

[Teejay]

The crude oil is still going up and up, it is now $130 a barrel, adjusted for inflation it is as high now as it was in 1980. They are predicting it going still higher up to $150 by the end of the year.

Your thoughts on this.

[Phlexor]

The thing is, although there are more hybrid cars and electric cars, there are still aircraft, cargo ships, and plastics and whatnot.

I think the answer lies in artificial bacteria that can eat one thing and excrete a good syntectic oil.

[Parts]

The thing is, although there are more hybrid cars and electric cars, there are still aircraft, cargo ships, and plastics and whatnot.

I think the answer lies in artificial bacteria that can eat one thing and excrete a good syntectic oil.

The people who are anti genetic engineering will raise hell about that.
I think the price of oil  will spark invention what was once too expensive to consider will be viable
I am seeing this in my industry already.  I used to give people prices and they would laugh now they consider it

[Natalia Evans]

I spent $62 filling up my whole car. I haven't filled it to the top since October when I went to Yak Yak Yakima.
I filled it last night because I was going somewhere and because I'd be going to Montana next week anyway, I filled it to the top before the prices got any higher.



I have noticed some buses here are already using hybrid (sp?) power which is good.

[Parts]

A lot of different technologies will be spurred on by this some of the buses use regenerative braking using the electric motors   to generate power as  the buss slows down

[Pyraxis]

I think the answer lies in artificial bacteria that can eat one thing and excrete a good syntectic oil.

The people who are anti genetic engineering will raise hell about that.

  Until they're looking at a choice between paying through the nose for "clean" oil or buying cheap synthetic.

Then their ideals will mysteriously vanish.