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  1. #136
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    Gas - the energy source for the near term future?

    I think as concerns on Climate Change moves the Developed countries towards establishing emissions trading schemes and placing a price on carbon, the importance of gas as a fuel source will grow in the short term. Witness the pipelines for gas running to Europe from Russian fields & also through to China.

    Initially, there will be greater domestic demand for gas as gas fired power projects become more competitive relative to coal fired.

    However, price of gas likely to rise as global demand for it also starts increasing, the industry will start looking at alternatives and hopefully clean coal technologies will be ready.

    Solar definitely has some potential but needs better policy directions to develop the industry.

    Quote Originally Posted by Davidflude
    I hate to be a party pooper but -

    The temperature rises as you drill deeper. Brazil has vast reserves of oil but the water is deep, then they have to drill through a salt layer and other stuff to get to the oil. At this depth the temperature rises sharply. Common garden steel melts. So molybdenum steel has to be used. This will push up the cost of producing oil. I suspect that the same situation arises in the deep water off the US continental shelf.

    The oil from the former soviet states is very sour crude (lots of sulphur). The US refineries are not set up to process this oil. So again this will increase the cost of production.

    Processing shale oil requires massive amounts of mining and processing. It also will not produce cheap oil.

    Now the good stuff. If the US used oil as efficiently as the Europeans US demand for oil would halve. Already THe Ford Motor Company is taling about improving the efficiency of all their cars by 20%.

    As far as nuclear is concerned the answer is pebble bed reactors. They are small, fail safe, cannot be used to produce nuclear weapons or dirty bombs and the waste products are radioactive for far shorter than conventional rectors. Read about them on the web, then start hassling your politicians.

    As far as green technologies are concerned the winner in Australia is going to be geothermal energy. I have invested in companies that are developing this.

    Of course I am also overweight in oilers in my portfolio. As I am not an investment manager I cannot make any suggestions. However I can suggest that you look at the web pages of all small Australian oilers. You will find one where four different brokers have analyzed it in depth over the last few months and value it up to double its current price. (Hint cash will start to pour in the door over the next twelve months.

  2. #137
    CC FIDE Master littlesprout85's Avatar
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    Heyz, time for sprouty to ring in on this thread again.

    Looks like oil & gas are both falling down to that 3$ a gallon here stateside. Thus sprout prediction is on da $ - now its 3.45- and falling steady. But Sprout really doubts that this will bring any other consumers goods back down. So Inflation is a mutha to get in line once its outta sorts


    -Sprout
    Last edited by littlesprout85; 11-09-2008 at 07:51 PM.
    Please help your healthcare workers stay safer from the corona virus by building and donating Intubation Boxes to your local hospitals. Go to www.upfurniture.com & download the free open source PDF.Files & get started today

    Lets all Pitch in with Sprout n Donate some worthy funds to www.wildlifewarriors.org to show a lil kindness too all our hurting animal friends recently displaced from da Horrific 2019 Australian Wildfire Season =)

  3. #138
    Monster of the deep Kevin Bonham's Avatar
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    Just found this one while looking to see what sort of threads had as many posts as "Janis Joplin"

    Quote Originally Posted by Axiom
    Axiom predicts

    PETROL WILL BE $2/L within 18mths .
    mark these words.
    We marked them and they were wrong.

    (and likely $4/L within 3yrs.)
    Wrong about that one too!

  4. #139
    CC FIDE Master Hobbes's Avatar
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    Quote Originally Posted by Davidflude
    As far as green technologies are concerned the winner in Australia is going to be geothermal energy. I have invested in companies that are developing this.
    Always fun to go back and read old predictions!
    Leave the gun. Take the cannoli.

  5. #140
    Monster of the deep Kevin Bonham's Avatar
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    Quote Originally Posted by Hobbes
    Always fun to go back and read old predictions!
    Can happen to the best of us of course; I have a few political crystal-ball thread votes here that are going to be wrong sooner or later. But in Axiom's case the wrongness is especially significant because it was a wrongness in the direction of and caused by his ideology - ie he believed prices would soar because his ideology overestimates the power of environmentalists in forcing price rises.

    Some environmentalists were also wrong (as they often are) - one here (Tas) who styles himself as some kind of energy expert predicted petrol to approach $2 by the end of 2011 (prediction was posted in February) because of peak oil issues and the Libya conflict.
    Last edited by Kevin Bonham; 14-02-2012 at 01:22 AM.

  6. #141
    CC FIDE Master Hobbes's Avatar
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    Quote Originally Posted by Hobbes
    Quote Originally Posted by Davidflude
    As far as green technologies are concerned the winner in Australia is going to be geothermal energy. I have invested in companies that are developing this.
    Always fun to go back and read old predictions!
    Just 2 days later Andrew Bolt mentions geothermal energy too:
    http://blogs.news.com.au/heraldsun/a...from_flannery/
    Leave the gun. Take the cannoli.

  7. #142
    CC Grandmaster Capablanca-Fan's Avatar
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    Big nanny is watching you
    Miranda Devine
    Tuesday, June 10, 2014

    And yet the state’s decade-long war on speed has had a negligible impact on safety, while hooking successive governments on the revenue.

    This was the thrust of former RTA engineer Lex Stewart’s 40-minute address last week to the NSW Parliament’s Stay Safe Committee’s inquiry.

    Stewart was the RTA (now RMS) road safety manager between 1990 and 1997 and he points out the past decade of draconian penalties have had little impact on road deaths.

    Revenue raised from speed cameras more than doubled to $263 million, yet the annual number of road deaths flattened. The official line is that speed causes 40 per cent of crashes. But Stewart says the data comes from guesswork by police at the scene and is probably closer to 11 per cent.

    [..]
    Last edited by Kevin Bonham; 13-06-2014 at 08:55 PM. Reason: overquoting copyright text
    “The history of the 20th century is full of examples of countries that set out to redistribute wealth and ended up redistributing poverty.”
    “There’s no point blaming the tragedies of socialism on the flaws or corruption of particular leaders. Any system which allows some people to exercise unbridled power over others is an open invitation to abuse, whether that system is called slavery or socialism or something else.”—Thomas Sowell

  8. #143
    CC Grandmaster Garvinator's Avatar
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    There is also this from the Boss of Mazda Australia: http://www.news.com.au/national/mazd...-1226945569700

    THE boss of Mazda Australia has accused road safety authorities of creating a nation of “distracted drivers” by forcing them to watch their car’s speedometer — rather than the traffic ahead — because they’re scared to go “1km/h over the speed limit”.
    Figures show four out of five drivers snapped by speed cameras are fined for exceeding the limit by less than 10km/h.

    More than one million fines were issued by speed cameras last year in Victoria alone and state governments are increasingly using the devices to boost their budgets.

  9. #144
    CC Grandmaster Desmond's Avatar
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    Quote Originally Posted by Capablanca-Fan View Post
    George Kroolik, a retired highway patrol officer from Albury ...says we’ve been brainwashed to believe that speed is the main factor in car crashes. But in his 35-year experience in the police he found fatigue, drugs, alcohol, inexperience, defects and distractions from mobile phones are more dangerous.
    Is each of them more dangerous individually or are they collectively more dangerous in total? If the latter than it would make good sense to target the single biggest factor. The other factors are targeted too, just not as much I guess.
    So what's your excuse? To run like the devil's chasing you.

    See you in another life, brotha.

  10. #145
    CC FIDE Master littlesprout85's Avatar
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    Holy crackers Batman... Definatly Time to Upate this Thread on this Hardcore Topic...... Since meh last posted up in this thread Gas prices Fell to records low all during da obama yrs..Thanks to a Great Prz with Great forsight n putting Country First .... He Said to Canada Heck No he would not approve Keystone pipeline n we dont need ur jobs...Thanks BP For Spilling all dat oil into da gulf of mexico n hurry up with da bucks to stablize da fisherys plz...... All during dat prez tender he build our countrys oil pipeline all da way from tx to da dakotas n over to washington... Gas Prices Fell all da way down to 1.32 a gallon here in az..... Haven't seen a 1.32 a gal here stateside since da 1970's before da gas crunch...Also he Banned all imported oil especially from da saudies n canada..... So Lets not forget wat a wonderful man that president really was..... so like that all changed with this new prez coming into office in 2016... within da first 30 days he approved da canada keystone pipeline which only taps into da obamas already built pipeleine n said to da public "This will Create Thousands of Jobs...." truthfully it only created 32 full time jobs n temp construction jobs for 4 months..... This new Prez Ripped up da Bann on imported oil n Gave Canada over 50% of da us oil market... Not only that but he gave da saudies a healthy 20-30% chunk of da us oil markets AUGH !!!!!! so WAt Do u Think Is Happening now to da gas prices here stateside :? oh yEA !!!! Majorly Jacked up from 1.32 a gal.an all time low to over 3.35 a gal. which is record highs for da past 8 yrs.....Nice Job thar mr.Prez on putting this Country First... THANKS !!!!
    Please help your healthcare workers stay safer from the corona virus by building and donating Intubation Boxes to your local hospitals. Go to www.upfurniture.com & download the free open source PDF.Files & get started today

    Lets all Pitch in with Sprout n Donate some worthy funds to www.wildlifewarriors.org to show a lil kindness too all our hurting animal friends recently displaced from da Horrific 2019 Australian Wildfire Season =)

  11. #146
    CC FIDE Master littlesprout85's Avatar
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    Lets see whats new up in this thread..... 1 year since this threads last posting by Sprout... another year of da Thump Admin 2019-2020..... News in da oil world be da Corona Virus Pandemic 2020........ Saudi's along with Russia n Opec Flood da market of oil dropping da price per barrel to -.32 first time ever that da price of oil on da future market was negitive... One would think it woulds be great for gas prices n oil prices here in da US(cheaper)... Nope for da Greedy US Oil Companies combination with Thump Admin. Oil Policy creates an artificially inflate National US gas/oil price to keep it about da same price as last year.... Thump is planning on to buying up cheap Saudi Oil n stocking up our empty US Oil Reserves.Thump Actually came out way back in Feb 2020 n said that we should go on ahead n stock it(oil) up while Saudi Oil is cheap (Sprout threw ems Beer at da TV).. WHY NOT HELP AMERICAN WORKERS N BUY AMERICAN.Use Your Own Darn Saying "Put America First" Mr.President n buy Oil From American Oil Well Owners at a slightly higher price n Help American Workers during this Corona Virus Pandemic Raging on da American Workers n da US Economy.

    So a Year Later With Thump & Gas Prices are 3.00-3.28$ a gal here in Arizona... Right about how they were last year even thou last years oil price was at around 55$ a Barrel n today its -.32 cents a barrel... Watch how at da end of da year 2020 Us oil Companys will show Record Profits like always....

    -Sprout85
    Please help your healthcare workers stay safer from the corona virus by building and donating Intubation Boxes to your local hospitals. Go to www.upfurniture.com & download the free open source PDF.Files & get started today

    Lets all Pitch in with Sprout n Donate some worthy funds to www.wildlifewarriors.org to show a lil kindness too all our hurting animal friends recently displaced from da Horrific 2019 Australian Wildfire Season =)

  12. #147
    CC Grandmaster Desmond's Avatar
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    Couple of weeks ago there was a petrol station near me doing 87c/L.
    Mostly around $1.19 now though.
    So what's your excuse? To run like the devil's chasing you.

    See you in another life, brotha.

  13. #148
    CC FIDE Master littlesprout85's Avatar
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    AUGH !!! Stop it Boris for Sprouty ears are Ringing hard n melting off AUGH !!!..... Darn it man.....That is Horrible news, that Australia gas prices are cheaper than da US .....This is totally a big time turn around in da World of Oil n Gas..... America is Truly da Home of da Greed,not da Home of da Free !!!....Nope Us Americans are now Slaves to Da Slum Lords(Thump) & Greedy Life Sucking Energy Companies & for sure American Big Corporations that make you beg cheat n steal for a livable wage.

    All Hail Da Idiot in Charge, Da Master of Disasters.......Make Way for da Giant Head....... THUMP !!!!

    -Sprout85
    Please help your healthcare workers stay safer from the corona virus by building and donating Intubation Boxes to your local hospitals. Go to www.upfurniture.com & download the free open source PDF.Files & get started today

    Lets all Pitch in with Sprout n Donate some worthy funds to www.wildlifewarriors.org to show a lil kindness too all our hurting animal friends recently displaced from da Horrific 2019 Australian Wildfire Season =)

  14. #149
    CC Grandmaster Ian Murray's Avatar
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    Quote Originally Posted by littlesprout85 View Post
    AUGH !!! Stop it Boris for Sprouty ears are Ringing hard n melting off AUGH !!!..... Darn it man.....That is Horrible news, that Australia gas prices are cheaper than da US .....This is totally a big time turn around in da World of Oil n Gas..... America is Truly da Home of da Greed,not da Home of da Free !!!....Nope Us Americans are now Slaves to Da Slum Lords(Thump) & Greedy Life Sucking Energy Companies & for sure American Big Corporations that make you beg cheat n steal for a livable wage.

    All Hail Da Idiot in Charge, Da Master of Disasters.......Make Way for da Giant Head....... THUMP !!!!

    -Sprout85
    Des is quoting Oz petrol prices in AUD per litre. Converted to USD per US gallon that's $2.12 - $2.91. How's that compare now?

    Is there ever any talk over there of converting to the metric system like the (literal) rest of the world?

  15. #150
    CC Grandmaster antichrist's Avatar
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    I prefer oil prices stay high and all profits go to repair green house effects. That is that no profit at all goes to anybody.
    Zionism is racism as defined by the UN, Israel by every dirty means available steals land and water, kill Palestinian freedom fighters and civilians, and operates an apartheid system to drive more Palestinians off their land

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