.......While oil prices are roughly 47 percent higher than a year ago, Nymex futures would need to surpass $90 a barrel to approach the inflation-adjusted high set in 1980............
I might accept $3-4 gallons of gasoline if it meant sharp cutbacks in the production of large SUVs. You fix the SUV problem without the "consumer choice" morons crying foul.
Thats great news,no DAMN reason at that ALL new cars should be running on E-80 fuel. With enough E-80 we could cut the mid-east out of any importing and cut farm subsidies to zero.
Steeplerot
Lifer
- Mar 29, 2004
- 13,051
- 6
- 81
corn is a exellent alternative but even better is good old fashioned hemp, 10x more bio-fuel to burn then corn and tons of other industrial and medical uses too.
hempseed is far more nutritious then corn too.
1. One acre of hemp produces twice as much oil as one acre of peanuts.
Agriculture, Papermakers have high hopes for Industrial Hemp.
Agri-View. " Wisconsin's largest farm newspaper" April 27, 1995.
2. America's first hemp law was enacted in 1619 at Jamestown Colony, Virginia ordering all farmers to grow Indian hemp seed.
Clark. V.S., History of Manufacture in the United States, Mcgraw Hill. NY 1929. pg 34.
3. Cannabis hemp was legal tender in most of the Americas from 1631 until the early 1800's. you could even pay your taxes with cannabis hemp.
Clark. V.S., History of Manufacture in the United States. Mcgraw Hill. NY 1929. pg. 34.
4. "The earliest known woven fabric was apparently of hemp which began to be worked in the eighth millennium (8,000-7,000) BC).
"The Columbia History of the World. 1981. pg. 54.
5. The original. Heavy-duty, famous Levi jeans were made for the California '49ers out of hemp sailcloth and rivets so that the pockets would not rip when filled with gold.
Hemp and the Marijuana Conspiracy: The Emperor Wears No Clothes, Jack Herer, Revised and expanded 1995 edition: copyright March, 1995, HEMP Publishing. 5632 Van Nuys Blvd., Van Nuys. CA 91401. pg. 6.
6. One acre of hemp produces as much cellulose fiber pulp as 4.1 acres of trees.
Dewey & Merrill. Bulletin #404. U.S. Dept. of Age. 1916.
7. Hemp paper is stronger and has greater folding endurance than wood pulp paper.
Dewey & Merrill. Bulletin #404, US Dept. of Ag., 1916.
8. Cannabis hemp seeds contain all the essential amino acids and essential fatty acids, which are vital to the immune system necessary to maintain a healthy life.
Hempseed Nutrition. Osburn, Lynn, Access unlimited, P.O. Box 1900. Frazier Park. CA 93225.
9. Hemp seeds contain up to 24% protein. A handful of seed provides the minimum daily requirement of protein for adults.
Rosenthal. Ed. Hemp Today, pg. 101.
10. The first recorded hemp crop planted in Kentucky was planted on April 25, 1775 in Boyle County.
State Historic Sight Marker, Boyle County Kentucky.
11. In the 1800's, Kentucky regularly accounted for one-half of the industrial hemp production in the United States.
Hopkins, James F., 1951. A History of the Hemp Industry in Kentucky. Lexington: University of Kentucky
Press.
12. In 1942, the US Army and Department of Agriculture released their "Hemp for Victory" film which encouraged farmers to grow hemp for the war effort. The war had cut off importation of fibers for textiles and rope, and by 1943, over 100,000 acres of hemp were growing in the US When W.W. II ended, the US Government canceled virtually all hemp farming permits.
Roulac, John, Industrial Hemp Practical Products - Paper to Fabric to Cosmetics, pg. 13. Hemptech.
13. In 1938, Popular Mechanics magazine stated, "Over 25,000 products can be manufactured from hemp, from cellophane to dynamite."
Roulac, John. Industrial Hemp Practical Products - Paper to Fabric to Cosmetics, pg. 24. Hemptech.
14. August 13, 1941, Henry Ford first displayed his plastic car at Dearborn Days in Michigan. The car ran on fuels derived from hemp and other agricultural based sources, and the fenders were made of hemp, wheat, straw, and synthetic plastics. Ford said his vision was "to grow automobiles from the soil."
The Kentucky Hemp Museum and Library. 1998 Historical Hemp Calendar, February. Roulac, John. Industrial Hemp Practical Products - Paper to fabric to Cosmetics, pg. 11. Hemptech
hempseed is far more nutritious then corn too.
1. One acre of hemp produces twice as much oil as one acre of peanuts.
Agriculture, Papermakers have high hopes for Industrial Hemp.
Agri-View. " Wisconsin's largest farm newspaper" April 27, 1995.
2. America's first hemp law was enacted in 1619 at Jamestown Colony, Virginia ordering all farmers to grow Indian hemp seed.
Clark. V.S., History of Manufacture in the United States, Mcgraw Hill. NY 1929. pg 34.
3. Cannabis hemp was legal tender in most of the Americas from 1631 until the early 1800's. you could even pay your taxes with cannabis hemp.
Clark. V.S., History of Manufacture in the United States. Mcgraw Hill. NY 1929. pg. 34.
4. "The earliest known woven fabric was apparently of hemp which began to be worked in the eighth millennium (8,000-7,000) BC).
"The Columbia History of the World. 1981. pg. 54.
5. The original. Heavy-duty, famous Levi jeans were made for the California '49ers out of hemp sailcloth and rivets so that the pockets would not rip when filled with gold.
Hemp and the Marijuana Conspiracy: The Emperor Wears No Clothes, Jack Herer, Revised and expanded 1995 edition: copyright March, 1995, HEMP Publishing. 5632 Van Nuys Blvd., Van Nuys. CA 91401. pg. 6.
6. One acre of hemp produces as much cellulose fiber pulp as 4.1 acres of trees.
Dewey & Merrill. Bulletin #404. U.S. Dept. of Age. 1916.
7. Hemp paper is stronger and has greater folding endurance than wood pulp paper.
Dewey & Merrill. Bulletin #404, US Dept. of Ag., 1916.
8. Cannabis hemp seeds contain all the essential amino acids and essential fatty acids, which are vital to the immune system necessary to maintain a healthy life.
Hempseed Nutrition. Osburn, Lynn, Access unlimited, P.O. Box 1900. Frazier Park. CA 93225.
9. Hemp seeds contain up to 24% protein. A handful of seed provides the minimum daily requirement of protein for adults.
Rosenthal. Ed. Hemp Today, pg. 101.
10. The first recorded hemp crop planted in Kentucky was planted on April 25, 1775 in Boyle County.
State Historic Sight Marker, Boyle County Kentucky.
11. In the 1800's, Kentucky regularly accounted for one-half of the industrial hemp production in the United States.
Hopkins, James F., 1951. A History of the Hemp Industry in Kentucky. Lexington: University of Kentucky
Press.
12. In 1942, the US Army and Department of Agriculture released their "Hemp for Victory" film which encouraged farmers to grow hemp for the war effort. The war had cut off importation of fibers for textiles and rope, and by 1943, over 100,000 acres of hemp were growing in the US When W.W. II ended, the US Government canceled virtually all hemp farming permits.
Roulac, John, Industrial Hemp Practical Products - Paper to Fabric to Cosmetics, pg. 13. Hemptech.
13. In 1938, Popular Mechanics magazine stated, "Over 25,000 products can be manufactured from hemp, from cellophane to dynamite."
Roulac, John. Industrial Hemp Practical Products - Paper to Fabric to Cosmetics, pg. 24. Hemptech.
14. August 13, 1941, Henry Ford first displayed his plastic car at Dearborn Days in Michigan. The car ran on fuels derived from hemp and other agricultural based sources, and the fenders were made of hemp, wheat, straw, and synthetic plastics. Ford said his vision was "to grow automobiles from the soil."
The Kentucky Hemp Museum and Library. 1998 Historical Hemp Calendar, February. Roulac, John. Industrial Hemp Practical Products - Paper to fabric to Cosmetics, pg. 11. Hemptech
Also, modern stoves with catalytic combustors burn very efficiently and cleanly. We augment our oil heat with wood.
I don't doubt the "Peak Oil" theory, but this just nags me as their "goosing" the market more than anything else (especially given the conflict of interest). They're probably annoyed with the fact that prices were stagnating and figured it needs some more poking.
Wood is only renewable if extracted at the same rate that it grows. Otherwise, it won't be renewable for long. Planting new trees to offset old ones doesn't help because most trees take a generation or two (30-60 years) before they are harvestable.
meanwhile GS is selling al their oil contracts to the same suckers who think they missed out on the dot com bubble. When everyone is saying to invest in energy stocks after energy prices have gone up, it's probably not a good idea to do so.
4-4-2005 Oil Prices Cross $58 a Barrel Mark
Crude oil prices topped $58 a barrel Monday for the first time as ministers from the Organization of Petroleum Exporting Countries consulted on a production ceiling increase to calm the overheated market.
Al Sabah has attributed the recent change in prices to psychological fears of supply shortages
================================================
Ahahahaha
The Oil Cartel saying it is "psychological" while the P&N Elite swear there is a "real" supply shortage.
Crude oil prices topped $58 a barrel Monday for the first time as ministers from the Organization of Petroleum Exporting Countries consulted on a production ceiling increase to calm the overheated market.
Al Sabah has attributed the recent change in prices to psychological fears of supply shortages
================================================
Ahahahaha
The Oil Cartel saying it is "psychological" while the P&N Elite swear there is a "real" supply shortage.
Holy cow.
ChevronTexaco Buying Unocal in $16.4B Deal
http://news.yahoo.com/news?tmpl=story&n...i_ge/chevrontexaco_unocal&sid=84439559
Yeah...that'll be good for competition.
:roll:
ChevronTexaco Buying Unocal in $16.4B Deal
http://news.yahoo.com/news?tmpl=story&n...i_ge/chevrontexaco_unocal&sid=84439559
Yeah...that'll be good for competition.
:roll:
What do you think all these companies are doing with their new tax cuts? It's not trickling-down, they're just creating monopolies (or at least as close as they can get).
One could almost picture Karl Rove as the real life Montgomery Burns
"Heh heh heh heh EXXXXXXXXXXXXXXXXXXXCELLENT!"
Hmmmm, I thought according to the P&N Elite that the run up in Oil & Gas prices was not affecting anything???? 
Republicans and Democrats came together over this :shocked:
4-7-2005 Congress Votes to Extend Daylight Savings Time By Two Months To Conserve Energy
The panel agreed in a voice vote to move the start of daylight-saving time in the United States -- which occurs when clocks are turned forward by one hour -- one month earlier to the first Sunday in March.
The end of daylight time would be moved back one month to the last Sunday in November.
Supporters of the amendment, sponsored by Michigan Republican Fred Upton, said it would save about 10,000 barrels of oil a day because offices and stores would be open while it was still light outside and therefore use less energy.
The move would also help businesses in downtown areas, supporters said. "There's more economic activity, because people feel they can walk around safely," said Democrat Edward Markey of Massachusetts.
Republicans and Democrats came together over this :shocked:
4-7-2005 Congress Votes to Extend Daylight Savings Time By Two Months To Conserve Energy
The panel agreed in a voice vote to move the start of daylight-saving time in the United States -- which occurs when clocks are turned forward by one hour -- one month earlier to the first Sunday in March.
The end of daylight time would be moved back one month to the last Sunday in November.
Supporters of the amendment, sponsored by Michigan Republican Fred Upton, said it would save about 10,000 barrels of oil a day because offices and stores would be open while it was still light outside and therefore use less energy.
The move would also help businesses in downtown areas, supporters said. "There's more economic activity, because people feel they can walk around safely," said Democrat Edward Markey of Massachusetts.
This is how companies are gaining oil reserves now. Exploration is often times losing them money; they are unable to recoperate costs with finds of oil.
http://www.peakoil.net/WoodMackenzie.html
In 2002 and 2003, costs of operation did not get compensated by oil discoveries. If this continues for a few more years, exploration will have to be cut. It only makes economic sense.
Oil Prices Drop Sharply As Gas Plummets
By BRAD FOSS, AP Business Writer
Oil futures prices fell more than $1 a barrel Thursday afternoon, following the lead of gasoline futures, and brokers said there appeared to be further momentum lower.
"It's collapsing," said Ed Silliere, a broker at Energy Merchant Intermarket Futures in New York. "The market was extremely overbought."
Light, sweet crude for May delivery dropped $1.45 to $54.40 a barrel in afternoon trade on the New York Mercantile Exchange. After an early decline of nearly 8 cents, gasoline futures recovered some lost ground and were down 4 cents to $1.62.
On Wednesday the U.S. Energy Department said the supply of unleaded gasoline stood at 212.3 million barrels, or 5.5 percent higher than last year. However, gasoline demand remained healthy, up 2 percent from a year ago.
Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures, said he expects high gasoline prices to persist as "people are accumulating inventories before the summer driving season."
The government report also showed that the nation's inventory of crude oil was 317.1 million barrels, or 8 percent higher than last year.
"U.S. oil demand is holding up well, and will help to support prices at lower levels," investment bank Barclays Capital said in a note. "There is ... nothing in the U.S. data to support another push."
Emori said the current oil market remains "highly exaggerated," and that if prices followed market fundamentals, they should hover around the low $40 range.
"Although demand still remains strong, supplies are normal, as seen from the U.S. reports," he said. "Even the current spare capacity is not that tight."
<a target=_blank class=ftalternatingbarlinklarge href="http://news.yahoo.com/news?
tmpl=story&u=/ap/20050407/ap_on_bi_ge/oil_prices_75">Oil Prices Drop Sharply As Gas Plummets </a>
And to answer another question I read in the thread, my sister and her husband live near London. The price of "Petro" has risen $.88 a litre there since the 1st of the year.
By BRAD FOSS, AP Business Writer
Oil futures prices fell more than $1 a barrel Thursday afternoon, following the lead of gasoline futures, and brokers said there appeared to be further momentum lower.
"It's collapsing," said Ed Silliere, a broker at Energy Merchant Intermarket Futures in New York. "The market was extremely overbought."
Light, sweet crude for May delivery dropped $1.45 to $54.40 a barrel in afternoon trade on the New York Mercantile Exchange. After an early decline of nearly 8 cents, gasoline futures recovered some lost ground and were down 4 cents to $1.62.
On Wednesday the U.S. Energy Department said the supply of unleaded gasoline stood at 212.3 million barrels, or 5.5 percent higher than last year. However, gasoline demand remained healthy, up 2 percent from a year ago.
Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures, said he expects high gasoline prices to persist as "people are accumulating inventories before the summer driving season."
The government report also showed that the nation's inventory of crude oil was 317.1 million barrels, or 8 percent higher than last year.
"U.S. oil demand is holding up well, and will help to support prices at lower levels," investment bank Barclays Capital said in a note. "There is ... nothing in the U.S. data to support another push."
Emori said the current oil market remains "highly exaggerated," and that if prices followed market fundamentals, they should hover around the low $40 range.
"Although demand still remains strong, supplies are normal, as seen from the U.S. reports," he said. "Even the current spare capacity is not that tight."
<a target=_blank class=ftalternatingbarlinklarge href="http://news.yahoo.com/news?
tmpl=story&u=/ap/20050407/ap_on_bi_ge/oil_prices_75">Oil Prices Drop Sharply As Gas Plummets </a>
And to answer another question I read in the thread, my sister and her husband live near London. The price of "Petro" has risen $.88 a litre there since the 1st of the year.
TastesLikeChicken
Lifer
- Sep 12, 2004
- 16,852
- 59
- 86
Hmmm. I thought according to the P&N Doom and Gloomer Elite there were going to be spikes to $105.00 a barrel.
Originally posted by: TastesLikeChicken
Hmmm. I thought according to the P&N Doom and Gloomer Elite there were going to be spikes to $105.00 a barrel.
Here's more:
The selloff came as the U.S. Energy Department on Thursday predicted that gasoline prices, now averaging $2.22 a gallon nationwide, would peak at about $2.35 a gallon this summer.
Analysts noted that while demand remains strong, supplies are above last year's levels.
==========================================
Many places are already at $2.35
Now the brainwashing is complete that $2.35 is the new "cheap" gas :roll:
dahunan
Lifer
- Jan 10, 2002
- 18,191
- 3
- 0
Originally posted by: dmcowen674
Hmmmm, I thought according to the P&N Elite that the run up in Oil & Gas prices was not affecting anything????
Republicans and Democrats came together over this :shocked:
4-7-2005 Congress Votes to Extend Daylight Savings Time By Two Months To Conserve Energy
The panel agreed in a voice vote to move the start of daylight-saving time in the United States -- which occurs when clocks are turned forward by one hour -- one month earlier to the first Sunday in March.
The end of daylight time would be moved back one month to the last Sunday in November.
Supporters of the amendment, sponsored by Michigan Republican Fred Upton, said it would save about 10,000 barrels of oil a day because offices and stores would be open while it was still light outside and therefore use less energy.
The move would also help businesses in downtown areas, supporters said. "There's more economic activity, because people feel they can walk around safely," said Democrat Edward Markey of Massachusetts.
Talk about the essence of arrogance and too much time already on their hands.. geesh
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Maybe I'm missing something here, but how does changing DST save 10,000 barell's per day of oil? Stores still use the lights in the day as they do at night/dark?
If you really want to save energy and use less oil, retime and re-sensor about 99% of the stop lights in this country. Keep traffic flowing better and use a ton less gas/oil.
If you really want to save energy and use less oil, retime and re-sensor about 99% of the stop lights in this country. Keep traffic flowing better and use a ton less gas/oil.
Originally posted by: TastesLikeChicken
Hmmm. I thought according to the P&N Doom and Gloomer Elite there were going to be spikes to $105.00 a barrel.
They an industry analyst on this after that is expecting oil prices to drop to $28/barrel possible as early as summer. He is basing this on historical inventories and we are currently at 3 year high for oil inventories. He also added that the national petrolium reserve would be full in a few week futher adding slack to the oil market.
Outdoor Store Signs and Parking Lot Lights???
Re-time the lights and have better traffic flow???
Come on that makes way too much cents :laugh:
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