Clue- oil is non-renewable. No matter how much exploration is done, we
will run out eventually.


Bert Robbins wrote:
When we, everyone on the entire planet, start to really run out of oil we
will be forced to find other means of producing energy and goods from oil.

Hello? Hello?

There are already other means of producing energy. In fact,
our President gave a speech earlier this year on the wisdom
of expanding them.

And nobody is being "forced" to do anything about oil or
alternatives. It's a matter of cost & profitability. Oil has
been very cheap for a long time... that is changing as oil
supply declines and demand goes up.

But, until that time we will continue to drill, pump and burn oil.

Are you under the impression that there will be oodles &
oodles of oil, until one morning in the distant future,
there will suddenly be none?

That's not the way it works. As with many other things in
nature, the amount of oil which can be pumped out of the
ground follows a bell curve.

Look it up for yourself, don't listen to me.
Google "Hubbert Peak" and see.

... There is
not economic incentive to switch away from oil, there is only an emotional
desire on the part of some.


You're disagreeing with President Bush's speech?

The economic incentives are clear
1- avoid pollution
2- make profits on other sources of energy
3- avoid economic dislocation & disruption as oil becomes



A very smart scientist... who made a lot of money in the oil business...
named King Hubbert worked out the math of global oil supply a long time
ago.


Really? I thought that the supply of oil was going to run out in 30 years,

Do you know exactly what day? I will want to sell short that
morning, thanks.

with the clock startign to click in the late 1970's.

The U.S. (which used to be an oil exporter) hit it's oil
peak in the 1970s, which was accurately predicted by Dr.
Hubbert in the 1940s. The global oil supply/demand situation
is a bit more complex. However, it seems likely that
Hubbert's math was still pretty good.

Now, bonus question: do you suppose that with the ramping up
of China and the other Pacific Rim economies, that world oil
demand is higher or lower than Hubbert plotted from a
vantage point of approx 50 years ago?




Of course, you haven't liked any of the FACTS introduced into this thread
so far, and you won't like these FACTS either because they prove you're
wrong.


Ice age. Global warming. What's next.



I thought you knew?

One thing is for sure, the retardo-fascists will be
screaming that it's all the fault of liberals. And ignoring
any facts they stumble over.

DSK