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imnotgoodatthis (< 20)

Energy "Crisis"

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July 07, 2008 – Comments (4) | RELATED TICKERS: ESLR

Plain and simple, The supply for oil is considerably lower than the demand. Gas prices are not going to go down. We are looking at $6 a gallon gas by 2011. Oil refiners, explorers, and drillers are going to benefit heavily from the shortage foro some time. In the long run, the U.S. must find alternative sources. If we can depend on Arizona instead of Arabia to heat our homes and fuel our cars, we can become more self sufficient. Our government knows this and if they are smart (which im skeptical of) then they will go after wind and solar for our sources of energy. So, as far as energy goes, Oil for the short run and Solar for the long run.

 

The problem with Solar is that we really dont know which coompany is going to come out on top. The one that can lock up silicon and produce panels at the lowest price, will win. My pick is Evergreen solar. Their technology gives them the most production per cost of making. But, who really knows

4 Comments – Post Your Own

#1) On July 07, 2008 at 11:41 PM, lquadland10 (< 20) wrote:

This is just a new way to make us buy stuff. The reason Oil is so high is because we have a cr---- dollar. oil is based on dollar. When the lending rate was 5 % oil was 80.a barrel (more or less) now it is 2% and oil is 140.00. A central bank (FED)  created  crises to save the banks. Now the major chemical companies and others along with the greenies will shove all sorts of NEW stuff down our gullet. All of the energy crises is because the banking cartels want more money. You know like Rockefeller's. They say it is because it is about the Planet but it really all about making more money. Who are the ones Hording Oil? U.S.A. and China Do you see a pattern here?

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#2) On July 08, 2008 at 1:07 AM, imnotgoodatthis (< 20) wrote:

There are many factors that are contributing to the oil crisis, but simply put, Demand is far exceeding supply. Look at production and exploration charts, globally and domoestically. They have reached their peaks. Oil production in U.S. peaked in the 70's. The amount of oil discoveries has been decreasing for decades. Meanwhile, the world population is soaring. There were 3.4 billion people on Earth 35 years ago. We have almost doubled that since then. China and India are going to need fuel and they will soon have the money to buy it. If we can get out of the Middle East and depend on us for energy, then we can save considerable amounts of money in foreign policy (not to mention avoiding a war in Iraq).

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#3) On July 08, 2008 at 1:08 AM, imnotgoodatthis (< 20) wrote:

There are many factors that are contributing to the oil crisis, but simply put, Demand is far exceeding supply. Look at production and exploration charts, globally and domoestically. They have reached their peaks. Oil production in U.S. peaked in the 70's. The amount of oil discoveries has been decreasing for decades. Meanwhile, the world population is soaring. There were 3.4 billion people on Earth 35 years ago. We have almost doubled that since then. China and India are going to need fuel and they will soon have the money to buy it. If we can get out of the Middle East and depend on us for energy, then we can save considerable amounts of money in foreign policy (not to mention avoiding a war in Iraq).

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#4) On July 08, 2008 at 2:20 AM, awallejr (79.33) wrote:

Don't you just hate double posting hehe?

In any case, Yeah oil is only going to increase.  It might settle some when demand declines a bit due to price (changing consumption patterns).  But long term, yup, it will keep rising.

As for solar, the biggest problem I have is figuring out which technology will "win."  Sort of like the old beta or vhs debate.  FSLR looked good, until you digged into the cadmium toxicity issue.  ESLR, well nano solar might win out here.  Who knows.  Right concept, yet too many technologies. 

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