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downwardspiral

Whatcha gonna do now middle east?

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Director of the project -- dubbed LS9 -- Greg Pal says that barrel prices could run as low as $50, and that the company plans to have a commercial facility producing the crude in 2011.

http://www.engadget.com/tag/greg+pal/


As soon as I saw this I raced to find their stock but alas they are private. [:/]
www.FourWheelerHB.com

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>Whatcha gonna do now middle east?

Laugh all the way to the bank. We're still not serious about replacing oil; the most common line I hear is "open up drilling in ANWR; that will solve all our problems!"

For as long as we see more oil as the answer, our money will continue to go to the Saud family.

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But, but, but, what about these poor people.>http://www.jamaica-gleaner.com/gleaner/20071021/business/business4.html Ah, fuck em. We (the USA) needs cheap energy.
I hold it true, whate'er befall;
I feel it, when I sorrow most;
'Tis better to have loved and lost
Than never to have loved at all.

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Yes. You're the fifth person I've seen to post a link to it today. It's similar to ethanol in that yeast/bacteria ferment feedstock (cellulose, sugars, biological waste, carbohydrates) and produce alcohols and other hydrocarbons. In fact, it is very similar to the cellulosic ethanol processes now being developed.

It's a good idea, and I hope it is pursued. But we will need a pretty radical change in our government to go after it (and solutions like it) in a big way. Maybe that change will come in January; I hope so.

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>Whatcha gonna do now middle east?

Laugh all the way to the bank. We're still not serious about replacing oil; the most common line I hear is "open up drilling in ANWR; that will solve all our problems!"

For as long as we see more oil as the answer, our money will continue to go to the Saud family.



Speaking of laughable, your "matter of fact" type statements are just that.

It would be nice if you would admit that some of the stuff you post is your opinion and not fact. This post is a prime example.
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

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This is good stuff. I think it will reduce the need from the US perspective by a small bit IF it pans out that full scale production is feasible, but the fact is that the Middle East will be getting $$ from the rest of the world for their oil for quite some time.


:)

Vinny the Anvil
Post Traumatic Didn't Make The Lakers Syndrome is REAL
JACKASS POWER!!!!!!

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That's an assumption and not a fact. Demand is likely to increase somewhat with lower priced oil, but people are already changing habits and I assume these habits will remain somewhat intact no matter what the price of oil.
"Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein

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That's an assumption and not a fact. Demand is likely to increase somewhat with lower priced oil, but people are already changing habits and I assume these habits will remain somewhat intact no matter what the price of oil.



The developing world is shifting from using none to using some. No matter what, their use will grow.

Really the only effort made over the past few decades has been to increase supply. The easy gains/finds have been done. So it's past time to go for the easy gains on the demand side in the US. It's trivially easy to cut consumption in half if we're willing to do so. It's impossible to double production. And unless you believe there is a fresh set of dinosaurs placed in the ground by God 6000 years ago and accelerated by Superman, the supply side is finite, so it's better to work on reducing consumption first, and then look for the harder to find sources.

I had an entire thread on realistic steps the US can take, but the participation level sucked. Lots of people would prefer to pretend it's all ok, no individual sacrifice is needed. That was the 80s.

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True, on a worldwide level, demand is increasing. I was talking within the confines of the US given earlier posts in this thread discussing our government taking care of us.
"Great spirits have always encountered violent opposition from mediocre minds." -Albert Einstein

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That's just it. Thanks to the price of gas people are looking into ways to use less. Its already happening. Hell...Chevy is starting production on the Volt next year. Prius sales are through the roof. Smart cars are selling with a premium. People are practically giving away their trucks. Acmeskydiver is looking for a cheaper way to get to the gym. More efficient engines are in development. Solutions are coming but it won't be in the form of one magnificent breakthrough but in the form of many different small ones.

Granted LS9 is not the second coming of Jesus but I still see it as a positive step in the right direction.
www.FourWheelerHB.com

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It's the law of supply AND demand.



and your point?

Increase the supply and the demand will soak it up, negating any downward pressure. The only way you'll decrease prices is with a significant decrease in the demand.



That depends on how much you increase the supply by. The demand for food has grown incessantly for the last three hundred years, yet the price has more or less continuously declined. Why? because the supply has swamped demand. Maybe these microbes will hit a 'tipping point' where the energy you get from it will more than pay to desalinate water and ship it from the coast to the desert. How much bio-mass can we produce in the world's deserts if that is the case?

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I was talking within the confines of the US

In the 1970's we had the oil embargo and a run-up in gasoline prices. Being old as dirt, and from Texas, i remember paying less than 30 cents a gallon of gas. Not for long, I'll admit ;).

But cars in the early to mid 70's started to get better and better mileage. People looked down on the old gas guzzlers, and that's when Toyota, Honda, Subaru, and Nissan (then Datsun) began to take hold.

Of course, they all now make gas-guzzlers for the American market. Because it's what we buy. The preponderance of big cars is incredible to me.

No, if there isn't a constraint on gasoline in the form of price, we'll just keep doing the same shit. Because we're Americans, and we seem to think that we have the right not only to pursue happiness, but to catch it. And happiness consists of more stuff, and larger stuff, than our parents had.

Look at houses, look at cars, look at the volume of comfort-making appliances. Do they really raise our standard of living, or do they just give us more crap to maintain.

OK, rant over. But no, if gas prices go back down, people will go back to driving big cars.

Wendy W.
There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

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>Whatcha gonna do now middle east?

Laugh all the way to the bank. We're still not serious about replacing oil; the most common line I hear is "open up drilling in ANWR; that will solve all our problems!"

For as long as we see more oil as the answer, our money will continue to go to the Saud family.



Speaking of laughable, your "matter of fact" type statements are just that.

It would be nice if you would admit that some of the stuff you post is your opinion and not fact. This post is a prime example.




Talk about the pot calling the kettle black.

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