NeedToUseYou
Posts: 2297
Joined: 12/24/2005 From: None of your business Status: offline
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quote:
ORIGINAL: popeye1250 quote:
ORIGINAL: NeedToUseYou I don't think this country really has a choice in pursuing alternative energy, regardless of who is in what office. All the oil companies know peak oil is upon us. It becomes a survival game at some point I believe BP has been investing heavily in solar power and alternative energy companies have been having little problems as of late getting venture capital. Here in Illinois the State government will give you 30% grant up to 10000 on purchasing many alternative energy generation schemes, plus will subsidize businesses and residences with either tax deductions or grants for improving the energy efficiency. The federal government also has many many programs. I summed up what a 30000 dollar solar system would cost with grants and tax savings, and it brought the 30000 down to under 15000. So, the government is pushing this stuff, though it varies widely state to state, but even the federal programs are good. They even offer guaranteed loans at low interest rates for some installations. I've just in the last couple months have been really looking into this, I'm waiting for nanosolar to start production and selling to the public, they "supposedly" have a new process that will bring the costs per watt to a reasonable level and are backed by alot of major hitters in the solar energy, along with being flush with investment capital. If they pan out or another company has a break through, I'll be solar next year!!!! We're nowhere near "Peak Oil". That's what they "want" you to think! It keeps prices up! They just not too long ago made a discovery in the Gulf off Texas of an Enourmous oil field that's much bigger than all of Alaska! And now that they're starting to develop "Deep Drilling Technology" they can go way beyond 3 or 4 thousand feet! The latest wells are up to 15,000 feet deep! We won't see "Peak Oil" for generations yet. Don't be thinking what the *Big Oil Companies* ("want") you to think! If you look at the Earth we haven't even scratched the surface yet! As for Bush's pick does that really "surprise" anyone? The problem from my understanding is. The methods we are going to have to use to extract the oil are way more costly than the current methods. So, that causes a increase in costs. As far as where we are at in regards to "peak oil" it depends on what oil you include in that. We are nearing peak oil for the easy to get oil. The kind we have been running on thus far. If you include all the hard to reach oil well then we have oil in a technical sense as in there is oil but very hard to extract and process, and at much greater cost. I'm not a gloom and doomer on the subject, but the fact is easy oil is on it's way down. We do have other oil supplies that dwarf present oil supplies but alot of these are prohibitively costly to extract. That is the real point. So, I don't believe the world will grind to a halt on some future date because there is no oil, but I do believe the price of extraction and it's effect on pump prices will be substantial. How substantial is a guessing game. I'd be hard pressed to believe there won't be upward pressure on the price of oil as a consequence though.
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