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200 plus oil

Actually I could easily have been wrong. If the oil price had stabilized without a downturn in one of the major economies I would have been wrong. As it is the poor state of the US economy hit the headlines at the same time as the downturn in the oil price.
 
Crude oil prices jumped $25 a barrel on Monday – the largest one-day rise – as financial investors betting on falling oil prices were forced to cover their positions ahead of the expiry of the current benchmark futures contract.

After surging $25 to $130 a barrel, the October contract settled at $120.92 a barrel, up $16.37 on the day.
 
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It expired at that price. The November (US) contract (now the front month) rose to $110-ish and is now $108 ish.

ETA: http://en.wikipedia.org/wiki/Backwardation
 
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Peak-oil will soon become a non-issue.
Solar energy is becoming cheaper and cheaper, and soon there will be plenty of energy for everyone.


Going All-Electric
August 7, 2008
By Martin Roscheisen, CEO
The following is one of my favorite charts: How far a car can drive based on either of the following forms of energy, each produced from 100m x 100m (2.5 acres) of land:
FuelEfficiency.jpg


http://www.nanosolar.com/blog3/?p=93
 
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nice, but I bet mr Martin Roscheisen, CEO needs to buy at least another next gen Prius because a businessman can't drive in an 20 year old ramshackle car
 
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Matteo Martini said:
Not necessarily.

The solar cell market will exhibit a remarkable growth—from a market volume of 5.6 GW in 2008 to 79.5 GW in 2015.
http://www.eetindia.co.in/ART_8800542953_1800008_NT_c5130ab2.HTM

And then consider that the GM Volt is due out in less than 2 years..
Click to expand...

For how long have practical electric cars been "just around the corner"? Since the 1970s or 1980s?

I've seen quite a few launch dates come and go; so I stopped waiting and bought a very efficient fossil-fuel-burning car instead.
 
bobrayner said:
For how long have practical electric cars been "just around the corner"? Since the 1970s or 1980s?

I've seen quite a few launch dates come and go; so I stopped waiting and bought a very efficient fossil-fuel-burning car instead.
Click to expand...

The problem is not building an electric car, but building cheap solar panels
 
Matteo Martini said:
The problem is not building an electric car, but building cheap solar panels
Click to expand...

The problem with solar panels is that even if they're damned near free they're very costly to use due to the large storage, back-up and transmission requirement.
 
Oil now at < $85.00.

Yes, I know it won't last ... but this global recession economic meltdown may prevent a good number of alternates getting any big push soon.
 
Tailgater said:
$2.69 and still dropping here.
Click to expand...

But wait...that can't be! The giant oil companies were all conspiring to keep prices above $4/gallon.

This is a perfect example of how stupid the "oil conspiracy" retards are. If there is an oil company conspiracy to keep prices high, why would they ever lower them?
 
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