Ford rethinks big-block V-8 plan (6.2L)
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The "Bubble" was probably the era of cheap oil that we're leaving. Current prices have probably overshot a more rational price lately, but I don't expect oil to drop below $75bbl and probably will settle closer to $100bbl and rise slowly hereafter.
Hydrogen is better thought of as an energy storage medium than an energy source. Terrestrial hydrogen is plentiful but bound together in larger molocules -- water mostly -- that needs to be broken apart by processes that take a lot of energy. Where THAT energy comes from will determine how cheap and clean a hydrogen economy would be, aside from the substantial costs of fitting a hydrogen-capable infrastructure.
Hydrogen is better thought of as an energy storage medium than an energy source. Terrestrial hydrogen is plentiful but bound together in larger molocules -- water mostly -- that needs to be broken apart by processes that take a lot of energy. Where THAT energy comes from will determine how cheap and clean a hydrogen economy would be, aside from the substantial costs of fitting a hydrogen-capable infrastructure.
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Nuclear fusion (not fission) is now the Holy Grail of energy development. Though almost certainly still a ways away, scientists around the world are scrambling to develop this technology which could enable the fusion of hydrogen atoms derived from sea water. Think of it: unlimited energy from unlimited and cheap ocean water. It will put the oil-producing countries out of business.
Meanwhile, I also read something recently (can't quite remember where) about a new technological process that may be able to "manufacture" oil suitable for conventional uses - and this new oil is apparently almost carbon emission free. If I find it, I will post it up here.
One significant breakthrough could change everything. What we need right now is a "moon shot", and I suspect we may see it within 20 years, if not sooner.
Meanwhile, I also read something recently (can't quite remember where) about a new technological process that may be able to "manufacture" oil suitable for conventional uses - and this new oil is apparently almost carbon emission free. If I find it, I will post it up here.
One significant breakthrough could change everything. What we need right now is a "moon shot", and I suspect we may see it within 20 years, if not sooner.
Last edited by Hollywood_North GT; 6/24/08 at 05:23 PM.
#23
The thing with all those other examples you site, is that they aren't intransmutable consumables; whereas there is a finite amount of oil. More precisely, there is still plenty of oil, but the sweet crude that was relatively easy to obtain, is gone. It now becomes more and more difficult (and thus expensive) to extract refineable oil for an exponentially increasing worldwide demand. Sure, prices may dip again temporarily on a micro scale, but the overall macro graph is only going to climb upwards.
Only way I see oil coming down significantly again is if an alternative energy source surfaces and becomes more popular.
Only way I see oil coming down significantly again is if an alternative energy source surfaces and becomes more popular.
If you look at the history of oil, there have been many boom-bust cycles.
One factor everybody seems to forget is the US $$ has dropped to 1/2 the value it was 10 years ago. In the last 10 years the price of oil in US $$ has quadrupled while the price of oil in Euros has doubled. It wasn't that long age that you could buy a Euro with 82 cents. Today it takes over $1.60 to buy a Euro.
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Nuclear fusion (not fission) is now the Holy Grail of energy development. Though almost certainly still a ways away, scientists around the world are scrambling to develop this technology which could enable the fusion of hydrogen atoms derived from sea water. Think of it: unlimited energy from unlimited and cheap ocean water. It will put the oil-producing countries out of business.
Meanwhile, I also read something recently (can't quite remember where) about a new technological process that may be able to "manufacture" oil suitable for conventional uses - and this new oil is apparently almost carbon emission free. If I find it, I will post it up here.
One significant breakthrough could change everything. What we need right now is a "moon shot", and I suspect we may see it within 20 years, if not sooner.
Meanwhile, I also read something recently (can't quite remember where) about a new technological process that may be able to "manufacture" oil suitable for conventional uses - and this new oil is apparently almost carbon emission free. If I find it, I will post it up here.
One significant breakthrough could change everything. What we need right now is a "moon shot", and I suspect we may see it within 20 years, if not sooner.
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I think the (almost) carbon-free oil "manufacturing" technology you're thinking of revolves around genetically engineered microorganisms (bacteria) that eat carbon-rich organic waste and "excretes" a petroleum substance as a waste product. Another candidate is algae. I've seen that mentioned somewhere too - just forgot where! What ever the case may be, IMO, it is way past the time to look into developing alternative sources of energy instead of relying on the same old, same old petroleum from the ground. I remember in the 80's
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No there isn't, for silver is almost always melted down and reused - unlike oil, it is a recyclable commodity.
I understand what you're trying to say - but, in fact, that's a red herring in this discussion, because this isn't a boom/bust cycle, this is a finite resource depletion issue.
True, but we're not talking about a 10 year period for the purposes of this discussion. Look at what's happened in just the past few months. Sure, the price of oil may come down a little bit again - temporarily - but we have to come to terms with the fact that it will never again be $60 or $75 a barrel. We're hitting peak oil just as global demand for the stuff is exponentially increasing. It's a simple A to B to C equation, and it's not in our favor, unfortunately.
I understand what you're trying to say - but, in fact, that's a red herring in this discussion, because this isn't a boom/bust cycle, this is a finite resource depletion issue.
One factor everybody seems to forget is the US $$ has dropped to 1/2 the value it was 10 years ago. In the last 10 years the price of oil in US $$ has quadrupled while the price of oil in Euros has doubled. It wasn't that long age that you could buy a Euro with 82 cents. Today it takes over $1.60 to buy a Euro.
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I'm eagerly awaiting my "Mr. Fusion" for my Mustang retrofit.
I think the (almost) carbon-free oil "manufacturing" technology you're thinking of revolves around genetically engineered microorganisms (bacteria) that eat carbon-rich organic waste and "excretes" a petroleum substance as a waste product. Another candidate is algae. I've seen that mentioned somewhere too - just forgot where!
![Big Grin](https://themustangsource.com/forums/images/smilies/biggrin.gif)
I think the (almost) carbon-free oil "manufacturing" technology you're thinking of revolves around genetically engineered microorganisms (bacteria) that eat carbon-rich organic waste and "excretes" a petroleum substance as a waste product. Another candidate is algae. I've seen that mentioned somewhere too - just forgot where!
http://www.timesonline.co.uk/tol/new...cle4133668.ece
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