Yeah, plus the faster we buy and use oil, the faster it will deplete. I wouldn't bet on running out in anywhere near my lifetime, but the only event strong enough to force a worldwide switch to some alternative fuel source would be its unavailability, right?
I'm working on the availability issues. The curves you hear about talking about the decline of oil is actually the decline of oil using existing models. If you create a new model (i.e. define a new source) the curve ramps back up again.
I do admit, however, I cringe everytime a see a hybrid vehicle.
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
What I'm referring to is more the supply of fossil fuels in general. Its not an inexpendable resourch and there will be a day when we have no more or can find no more. Right? Well, I guess that by the time it runs out on our planet, we may be able to strip other planets of their natural resources (if any). Do these fossil fuels really simply come from dead organisms?
Well this thread has gone from Martha Stewart to oil speculating.
As far as Martha's concerned...she picked the wrong time to lie to the Justice Dept and the manner in which she did it was not to bright. Whenever the DOJ comes knocking on your door you don't have your lawyers tell them that maybe they should, "go back to law school and learn the law"......that just pisses them off. Had this happened in 1999 she would have gotten away with it IMO....no one would have even batted an eye because everyone was rolling in $$$$. The climate is a little different now.
As for oil I thing the energy sector is a good play.....population growing...hence more recources needed. China, I am sure will continue to grow in its use of recources. Just look at all of the auto makers signing deals with China to produce cars, its a huge market.
Also, in the US gas prices have gone up quite a bit. However, if you adjust the cost for infation we should be around $3 a gallon and we are at about $1.80 (at least in the SF bay area). Not that I am saying I want higher gas prices.
On another note the Bush admin is considering a waiver for some sates to allow them not to use a summer formula that limits production and the abiltiy to import from state to state. The whole thing is a mess IMO, I agree with bilbozilla.
Bilbozilla- the addition of natural gas power plants during the California energy crisis must of helped your business. People will always need energy no matter what.
Sorry kind of all over the place on this one
Bauer
07 A4 2.0T quattro STaSIS Challenge Package
03 RS6 She will be missed
01 S8
01 S4 Stage 3 with KO4 turbos, RS4 intercoolers, Revolver cams, STaSIS close ratio gearbox, STaSIS rear LSD, STaSIS 4:1 center diff, STaSIS Motorsports, STaSIS front and rear race control arms, STaSIS motor mounts, Alcon 6 piston, Clutch Master stage 4 6 puck clutch, AWE fueling kit, RS4 bumperRecaro's.... etc, etc, etc
Yet another thirteen year high.....
Can you see the tears welling up in my eyes?Yet another thirteen year high.....
2007 997 GT3 Carrera White
2009 Mercedes E63 Wagon, Black/Black
2009 Ferrari F430 Scuderia, Rosso Corsa
Sold:
2003 RS6 Ebony Pearl, Black Interior, NAV, Exhaust, XM Radio.
2005 Maserati Quattroporte, Sport Package, Nero Carbonio, Cuolo Sella Seats.
2006 Mercedes E55 Wagon
speaking of welling, any pun intended?
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