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VVance
1219 Posts |
 Posted - 05/06/2008 : 09:05:02 AM
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AP
Oil passes $122 on $200 oil prediction, supply concerns
Tuesday May 6, 11:41 am ET
By John Wilen, AP Business Writer
Oil prices rise to record over $122 a barrel on prediction of $200 oil, supply concerns
NEW YORK (AP) -- Oil futures blasted to a new record over $122 a barrel Tuesday, gaining momentum as investors bought on a forecast of much higher prices and on any news hinting at supply shortages. Retail gas prices edged lower, but appear poised to rise to new records of their own in coming weeks.
http://biz.yahoo.com/ap/080506/oil_prices.html?.v=14 |
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Tim Thompson
278 Posts |
Posted - 05/06/2008 : 09:09:37 AM
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| People are going to put gas in their car before any other bills are paid. Many live so tight now having to spend another $100 a month on gas and $200-$300 more on house hold goods is going to kill them |
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Managing Prime
1988 Posts |
Posted - 05/06/2008 : 09:14:51 AM
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$200 oil without significant changes to our energy policy... and I mean SIGNIFIGANT = Talk of revolution.
You know the "best" proposal by one of the presidential candidates? CAFE standards! LOL 50 MPG by 2030! What a joke. |
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Carpet Muncher
1328 Posts |
Posted - 05/06/2008 : 09:31:22 AM
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| Peak Oil is the point at which the maximum rate of global oil production is reached. Oil is a limited resource with a finite supply. At some point, this production will plateau and then terminally decline. Unless the global demand for oil also plateaus and then declines we will see ever increasing shortages and huge spikes in prices. If our society is still completely dependant on oil during this decline we will be in big, big trouble. Great civilizations have risen and fallen over time. Is oil the Achilles Heel for America? Our country needs to prepare for this impending disaster with utmost urgency and find a way to immediately lessen our dependance on foreign oil. The security of our way of life is at stake. |
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ritabradley01
1271 Posts |
Posted - 05/06/2008 : 09:37:03 AM
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Munchie-there's no shortage of oil in this world. Look it up. No seriously. We've been lied to.
I just watched a move this weekend called "Who Killed the Electric Car?"
Have you ever wondered what happened to electric cars. This movie attempts to answer that question. Very enlightening. |
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Carpet Muncher
1328 Posts |
Posted - 05/06/2008 : 09:40:53 AM
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quote:
Originally posted by ritabradley01
Munchie-there's no shortage of oil in this world. Look it up. No seriously. We've been lied to.
I know, but we can not live merely in the present. Oil is a finite supply. Once we hit 50% of oil depletion is when the **** will hit the fan. Estimates on reaching this 50% peak oil plateau are merely estimates but there is much speculation that this will occur within our lifetimes. |
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rtrefflich
2352 Posts |
Posted - 05/06/2008 : 09:45:29 AM
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As our economy comes to a standstill because we cannot afford to put gas into our cars or move goods from one area to another oil supply will increase and prices will drop. No matter what happens, India and China cannot have a vibrant economy without the US buying the junk they make for us. This will have a drastic effect on the price of oil. As it begins to drop, it will plumet faster than housing did.
Have you ever stopped to think how much of the $122 oil is caused by speculators trying to make a quick buck?
As far as electric cars, haven't seen the movie, but I remember about 4 years ago GM made an electric car that was great for the consumer, they only leased them, and after the three year lease expired they took them all back and "destroyed" them.
I thought this country was based on choice, is it choice of what we want as consumers, or choice of what the companies can force us to have by not meeting the needs of fuel efficiency. |
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craigppls
404 Posts |
Posted - 05/06/2008 : 10:30:51 AM
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I vote for making one or two of the OPEC countries the 51st and 52st states.
Lets start with our friend in south america, hell its only a few hundred miles. The whole navy fleet could be there in a day or two. |
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MarieS
208 Posts |
Posted - 05/06/2008 : 10:36:22 AM
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| I agree that there is no shortage but it still could go up to 200 a barel and if it does, I am sure that home prices will drop even more. |
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Carpet Muncher
1328 Posts |
Posted - 05/06/2008 : 10:39:01 AM
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quote:
Originally posted by MarieS
I agree that there is no shortage but it still could go up to 200 a barel and if it does, I am sure that home prices will drop even more.
But for how long? There is a finite supply. We only need to reach 50% on the bell curve before the basic laws of supply and demand take over and cause chaos. |
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Managing Prime
1988 Posts |
Posted - 05/06/2008 : 10:41:29 AM
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http://en.wikipedia.org/wiki/Peak_oil
Hubbert called US peak oil and was right. Everyone dismissed him. Based on his theory we have already hit global peak oil or we will be VERY soon. |
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jtobysmith
135 Posts |
Posted - 05/07/2008 : 07:53:54 AM
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| i am shorting oil. |
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Managing Prime
1988 Posts |
Posted - 05/07/2008 : 08:01:46 AM
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| http://link.brightcove.com/services/link/bcpid203719194/bclid86272812/bctid1541043498 |
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coopercash
2659 Posts |
Posted - 05/07/2008 : 09:49:15 AM
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With the daily upwards "creep" on gas prices and corresponding price increases on virtually ALL delivered products we are a short step from seeing major inflation similar to what frequently happens in the Latin American countries.
In other words, the $5 loaf of bread and $4 per dozen eggs is just around the corner along with $5 - $6+ per gallon gas. Not to mention shortages of consumer goods as more and more truckers throw their keys away!
That will lead to inevitable substantial increases in wages to match the spiralling cost of living and so life will go on albeit with mounting dismay, confusion and a worsening decline of citizen confidence in Federal Government.
This is the price America will be paying for the past four decades of "heads in the sand" with regard to a progressive energy policy that has been thwarted at every turn by the environmentalist movement.
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Layne Jones
1475 Posts |
Posted - 05/07/2008 : 11:58:30 AM
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Back to the original question, " How would this affect Real estate"
For starters, relitters would become even lazier. Just directing homebuyers to their computer to take a "virtual" tour of the home that they are going to buy instead of driving them around town.
I will definitely spend more time in the office and less time in the field with my brokers. (which is good for the BO because i will have more time to post)
The suburban real estate market would be shot, because people will quit moving so far from town. |
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syndicator
88 Posts |
Posted - 05/07/2008 : 12:19:18 PM
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Speaking of Suburbs, I know many Realtors selling hard on proximity to Public Transportation. not sure how well its working, you have to find the right buyer.
Fed cutting the rate doesn't help the dollar or the value of oil. However they have to fix the problems that got us into this sluggish economy in the first place.
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Layne Jones
1475 Posts |
Posted - 05/07/2008 : 12:25:35 PM
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| Hardly anyone uses public transport in Houston. Way to big of a city. Just got to suck it up and fill'r up |
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Greg_Home123
307 Posts |
Posted - 05/07/2008 : 12:32:38 PM
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| I have my Van Wilder golf cart ready! |
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lunarhamster
2539 Posts |
Posted - 05/07/2008 : 12:36:19 PM
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They dont here in Denver either, I have never even been on a bus, except maybe in Grade School on the way to the Planitarium.
I have started working from home as I live 42 miles from my office, and thats each way, I had a hard time at first, but now I love it!!! |
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rtrefflich
2352 Posts |
Posted - 05/07/2008 : 1:07:35 PM
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Don't know how S. Carolina is but here in SD just the other day I paid $5 for a loaf of bread and $4 for a doz eggs. We are already there.
quote:
Originally posted by coopercash
With the daily upwards "creep" on gas prices and corresponding price increases on virtually ALL delivered products we are a short step from seeing major inflation similar to what frequently happens in the Latin American countries.
In other words, the $5 loaf of bread and $4 per dozen eggs is just around the corner along with $5 - $6+ per gallon gas. Not to mention shortages of consumer goods as more and more truckers throw their keys away!
That will lead to inevitable substantial increases in wages to match the spiralling cost of living and so life will go on albeit with mounting dismay, confusion and a worsening decline of citizen confidence in Federal Government.
This is the price America will be paying for the past four decades of "heads in the sand" with regard to a progressive energy policy that has been thwarted at every turn by the environmentalist movement.
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lucky1s
3271 Posts |
Posted - 05/07/2008 : 1:07:41 PM
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We also have to keep in mind that credit is virtually dried up and credit card companies are lowering their limits just like the Helocs.
These folks cant just put the gas on a card and worry about it later.
They have to actually budget and live within their means.
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lunarhamster
2539 Posts |
Posted - 05/07/2008 : 1:12:07 PM
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quote:
Originally posted by lucky1s
We also have to keep in mind that credit is virtually dried up and credit card companies are lowering their limits just like the Helocs.
These folks cant just put the gas on a card and worry about it later.
They have to actually budget and live within their means.
I wondered why Amex lowered my credit limit, it was like 10k and now it's 5k, I got this weird letter from them stating they had reviewed my credit and blah blah, but it was strange because nothing has changed, I put my e/o insurance on that card and then paid it off the next month, what a bunch of jerk off's. I'm tearing that card up! |
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Quicksilver
4378 Posts |
Posted - 05/07/2008 : 1:26:22 PM
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| What we pay for gas will be the least of our worries, the high cost of goods will kill the U.S. Gonna love paying 15+ bucks for a loaf of bread and 10+ bucks for gallon of milk. |
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jtobysmith
135 Posts |
Posted - 05/07/2008 : 1:34:57 PM
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| or how about this - oil speculators are gonna get straight up burned in the second half of 08. Oil has got to be closer to falling to 80 than climbing to 200. |
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rtrefflich
2352 Posts |
Posted - 05/07/2008 : 1:37:33 PM
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I am with you on this one, it is all about stability in the marketplace, and oil at $75-$80 is sustanible, oil at $122 or $150, or wow, $200 is not.
quote:
Originally posted by jtobysmith
or how about this - oil speculators are gonna get straight up burned in the second half of 08. Oil has got to be closer to falling to 80 than climbing to 200.
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Managing Prime
1988 Posts |
Posted - 05/07/2008 : 1:43:10 PM
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That depends. We can all agree that more oil is not going to magically appear. For the price to go down consumption would have to go down considerably. That would mean the US, China and India. Well we have a slow down in the US but people drive just about as much as ever. And when the purse strings get tight what do people do? Shop at Walmart...that helps China for sure. Companies start to see their bottom lines get hurt and what do they do? Outsource overseas.
Then we have the Dollar. The main reason we are seeing the current prices. I don't see anything on the horizon that is going to help the value of the dollar.
Who knows. It might touch 80 or even lower but your out of your mind if you don't think oil will hit $200 in the next 5 years.
Most will agree on the $200/bbl in the next 5 years. Question is what are we going to do about our SERIOUS energy problem in the meantime? (And don't mention CAFE standards or I swear my hand to God I'll reach though the computer and beat your azz!)
quote:
Originally posted by jtobysmith
or how about this - oil speculators are gonna get straight up burned in the second half of 08. Oil has got to be closer to falling to 80 than climbing to 200.
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Quicksilver
4378 Posts |
Posted - 05/07/2008 : 1:45:53 PM
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Agree, just look at before...oh oil will never hit 70, never hit 80, 90 no way, 100 oh its unsustainable we'll be back at below 70.......now we're at 120+ when everyone thought it wasn't possible (I'm talking last couple years with economist/news/predictions etc). You never know
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rtrefflich
2352 Posts |
Posted - 05/07/2008 : 1:48:52 PM
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Long term the price will continue to go up, it will drop significantly as our economy slows, then comes to a halt. Companies like Wal Mart are the main reason there is a global oil demand, and with US consumers not being able to buy anything simply because we cannot purchase anything other than enough gas to get around will see dramatic demand and price drops.
quote:
Originally posted by Managing Prime
That depends. We can all agree that more oil is not going to magically appear. For the price to go down consumption would have to go down considerably. That would mean the US, China and India. Well we have a slow down in the US but people drive just about as much as ever. And when the purse strings get tight what do people do? Shop at Walmart...that helps China for sure. Companies start to see their bottom lines get hurt and what do they do? Outsource overseas.
Then we have the Dollar. The main reason we are seeing the current prices. I don't see anything on the horizon that is going to help the value of the dollar.
Who knows. It might touch 80 or even lower but your out of your mind if you don't think oil will hit $200 in the next 5 years.
Most will agree on the $200/bbl in the next 5 years. Question is what are we going to do about our SERIOUS energy problem in the meantime? (And don't mention CAFE standards or I swear my hand to God I'll reach though the computer and beat your azz!)
quote:
Originally posted by jtobysmith
or how about this - oil speculators are gonna get straight up burned in the second half of 08. Oil has got to be closer to falling to 80 than climbing to 200.
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wsmb1
22 Posts |
Posted - 05/07/2008 : 1:53:23 PM
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What do you think will be the cost of the new home - with increased energy costs. Or how about the value of the existing real estate in your area. If you can't buy from a builder because the price of the home is directly related to cost of materials, then you will buy a home thats already built. We are seeing the price to build at $100 a sq ft here in FL and rising fast. It was around 80 a couple of years ago.
I read somewhere that part of the reason for the interest rate reductions by the FED are in HOPES of raising inflation, thus assisting in the stabilization of home prices and increased rent prices (which drive home values). Most wouldn't agree, but we are seeing a really tight rental market in homes in S. FL. and banks are coming into the realization that its better to lease a house then take a 100K hit...regardless of the effect on their capital ratios...thus the reason why most big banks are busily raising cash.
MY TWO CENTS.
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fund-n
310 Posts |
Posted - 05/07/2008 : 2:22:24 PM
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| the way oil is setting new records daily....I guess we'll soon see how $200 a barrel will affect us. |
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EMScommercial
4444 Posts |
Posted - 05/07/2008 : 2:58:12 PM
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| open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada. |
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Carpet Muncher
1328 Posts |
Posted - 05/08/2008 : 09:27:26 AM
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quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation. |
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yldspread
387 Posts |
Posted - 05/08/2008 : 09:54:50 AM
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I don't know, but I was spending $100.00 a week in groceries now is like $140.00
I stopped going to my favorite restaurant twice a week. Now I go once a month, feel bad for the guy and actually 2 of his employees were laid off.
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hertz
506 Posts |
Posted - 05/08/2008 : 1:17:44 PM
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quote:
Originally posted by Carpet Muncher
quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation.
You're rightm we need to work toward reducing our depence on oil and natural gas. What most people don't realize is that there is enough natural gas in the Gulf of Mexico to heat 60,000,000 homes for 160 years that the libs won't allow access to. There is 16,000,000,000 barrels of oil available in the ANWR.
It would be foolish not to work toward alternatives, but it is also foolish to make decisions that dramatically impact our current economy based on bad information. |
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Carpet Muncher
1328 Posts |
Posted - 05/08/2008 : 2:05:09 PM
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quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation.
There is 16,000,000,000 barrels of oil available in the ANWR.
It would be foolish not to work toward alternatives, but it is also foolish to make decisions that dramatically impact our current economy based on bad information.
Estimates have ranged from 5.7 billion barrels to as high as 16 billion barrels. However only a 5% probability is assigned to the 16 billion barrel figure. |
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MisterVA
5312 Posts |
Posted - 05/08/2008 : 2:08:59 PM
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quote:
Originally posted by lunarhamster
They dont here in Denver either, I have never even been on a bus, except maybe in Grade School on the way to the Planitarium.
I have started working from home as I live 42 miles from my office, and thats each way, I had a hard time at first, but now I love it!!!
Even with Guitar Hero in the background? |
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Reegor
435 Posts |
Posted - 05/08/2008 : 2:11:24 PM
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One of the greatest coup ever.
US sitting on greatest oil reserves in the world. Waiting for the rest of the world to drain their veins then watch what happens.
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rtrefflich
2352 Posts |
Posted - 05/08/2008 : 2:13:11 PM
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| Here in So Cal public transportation is not a viable option. They have it all set up to places you don't want to go. DC and NY all have their systems going to the airport, well, the LA system goes right past the airport, doesn't stop and stops two miles away, why, the taxi cab union (in LA, huh) paid millions of dollars to the politicians to make it that way. It is a joke here. They want us to carpool but no one lives close to anyone they work with. It's horrible. |
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Carpet Muncher
1328 Posts |
Posted - 05/08/2008 : 2:19:01 PM
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quote:
Originally posted by Reegor
One of the greatest coup ever.
US sitting on greatest oil reserves in the world. Waiting for the rest of the world to drain their veins then watch what happens.
You might want to double check your data.
http://www.nationmaster.com/graph/ene_oil_res-energy-oil-reserves
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lucky1s
3271 Posts |
Posted - 05/08/2008 : 2:21:38 PM
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I quit driving through my local coffee store on a daily basis.
It was only 2 bucks a day then they raised it to 2 and a quarter which still is nothing but it changed the whole tipping dynamic and I decided it just wasnt worth it anymore. |
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Managing Prime
1988 Posts |
Posted - 05/08/2008 : 2:27:04 PM
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ANWR is just drop in the bucket. Nothing to base energy policy on...just a smoke screen for the masses that get confused by big numbers.
http://tonto.eia.doe.gov/ftproot/service/sroiaf(2004)04.pdf |
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hertz
506 Posts |
Posted - 05/08/2008 : 2:56:07 PM
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quote:
Originally posted by Carpet Muncher
quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation.
There is 16,000,000,000 barrels of oil available in the ANWR.
It would be foolish not to work toward alternatives, but it is also foolish to make decisions that dramatically impact our current economy based on bad information.
Estimates have ranged from 5.7 billion barrels to as high as 16 billion barrels. However only a 5% probability is assigned to the 16 billion barrel figure.
So it could provide approximately 1,000,000 barrels per day for somewhere between 15 and 45 years. The US uses about 6,000,000 barrels per day. So we could (from JUST the ANWR) reduce our dependence on foreign oil by 16.6% for somewhere between 15 and 45 years at current consumption. Keep in mind, I did say that it would be foolish not to work toward finding alternatives in the mean time.
Not exactly "a drop in the bucket" Managing Prime! |
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rtrefflich
2352 Posts |
Posted - 05/08/2008 : 3:00:49 PM
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Yeah but as Clinton said back in the 90's, there's no point to even doing anything there as we won't see the results for 8 to 10 years,
ugh, where are we today? 8-10 years down the road and gas at 5X what it costs then and oil 6X. Just wonder how much money the Clintons have in Oil Futures.
quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation.
There is 16,000,000,000 barrels of oil available in the ANWR.
It would be foolish not to work toward alternatives, but it is also foolish to make decisions that dramatically impact our current economy based on bad information.
Estimates have ranged from 5.7 billion barrels to as high as 16 billion barrels. However only a 5% probability is assigned to the 16 billion barrel figure.
So it could provide approximately 1,000,000 barrels per day for somewhere between 15 and 45 years. The US uses about 6,000,000 barrels per day. So we could (from JUST the ANWR) reduce our dependence on foreign oil by 16.6% for somewhere between 15 and 45 years at current consumption. Keep in mind, I did say that it would be foolish not to work toward finding alternatives in the mean time.
Not exactly "a drop in the bucket" Managing Prime!
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MoneyLenderP
1211 Posts |
Posted - 05/08/2008 : 3:20:41 PM
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| Goldman Sachs predicted oil going to over 200 per barrell...there also the one that predicted the intial spike a few yrs ago and here it is....... |
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Carpet Muncher
1328 Posts |
Posted - 05/09/2008 : 06:32:56 AM
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quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by hertz
quote:
Originally posted by Carpet Muncher
quote:
Originally posted by EMScommercial
open anwar! intensify drilling in the gulf and off the west coast....buy more oil from canada.
These would help but only in the short term. Long term solutions that include other energy sources are imperative to our survival as a stable and prosperous nation.
There is 16,000,000,000 barrels of oil available in the ANWR.
It would be foolish not to work toward alternatives, but it is also foolish to make decisions that dramatically impact our current economy based on bad information.
Estimates have ranged from 5.7 billion barrels to as high as 16 billion barrels. However only a 5% probability is assigned to the 16 billion barrel figure.
So it could provide approximately 1,000,000 barrels per day for somewhere between 15 and 45 years. The US uses about 6,000,000 barrels per day. So we could (from JUST the ANWR) reduce our dependence on foreign oil by 16.6% for somewhere between 15 and 45 years at current consumption. Keep in mind, I did say that it would be foolish not to work toward finding alternatives in the mean time.
Not exactly "a drop in the bucket" Managing Prime!
Your figures are off. The United States currently consumes over 20 million barrels of oil everyday. The estimated range of 5.7 billion to 16 billion available barrels included native lands outside of ANWR as well. Although I agree these reserves should be tapped, the reality is that this is a short term solution. Even at the idealistic high estimate of 16 billion barrels (5% probability) these reserves would be tapped out sooner than later. |
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Carpet Muncher
1328 Posts |
Posted - 05/09/2008 : 06:43:30 AM
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| We have a large country with ample natural resources. Alternative energy sources can help us reduce our dependence on foreign oil. There are vast tracks of empty land in the West and Southwest that receive almost year round sun. Solar panels are getting cheaper and more efficient with each passing year. The Great Plains also have vast tracks of empty land that are ideal for harnessing wind. There have even been suggestions of harvesting energy from water currents with underwater turbines in tidal regions and even the mighty Gulf Stream off of the Atlantic Coast. Some of these ideas are closer to reality than others. The quicker that America lessens its dependance on foreign countries for its energy needs the longer America will remain a great nation. |
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ItAintAllLuck
28 Posts |
Posted - 05/09/2008 : 06:51:49 AM
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| People everywhere are *****ing about the price of food being so high now. A family in my neighborhood made a few people mad by tearing up their nice back yard and planting their own "crops". They plant what they will use and work it just like a flower garden. Now there have been a few people who originally were *****ing about it speaking to them about how to grow their own stuff. Sounded crazy at 1st but if they freeze a lot they can save a ton of money in the long run. Not sure how it will work out. They bought a 2 HUGE chest freezers and have bought a lot of beef and pork from a local farmer. They had a cow slaughtered and put that along with several whole chickens in 1 freezer. Guess time will tell. |
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Originate_This
243 Posts |
Posted - 05/09/2008 : 09:48:44 AM
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quote:
Originally posted by Carpet Muncher
We have a large country with ample natural resources. Alternative energy sources can help us reduce our dependence on foreign oil. There are vast tracks of empty land in the West and Southwest that receive almost year round sun. Solar panels are getting cheaper and more efficient with each passing year. The Great Plains also have vast tracks of empty land that are ideal for harnessing wind. There have even been suggestions of harvesting energy from water currents with underwater turbines in tidal regions and even the mighty Gulf Stream off of the Atlantic Coast. Some of these ideas are closer to reality than others. The quicker that America lessens its dependance on foreign countries for its energy needs the longer America will remain a great nation.
Wind and Solar today produce less than 2% of the nation's current energy production. If we want to get serious on producing cleaner electricity we need to open up more nuclear plants. |
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Carpet Muncher
1328 Posts |
Posted - 05/09/2008 : 09:55:17 AM
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quote:
Originally posted by Originate_This
Wind and Solar today produce less than 2% of the nation's current energy production. If we want to get serious on producing cleaner electricity we need to open up more nuclear plants.
Exactly. These energy sources have a lot of room for growth. |
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Managing Prime
1988 Posts |
Posted - 05/09/2008 : 09:57:11 AM
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Wind, Solar and Geothermal should represent a much larger share of our nations energy production and I agree that we should have more nuclear as well.
Anyone remember the original Sim City games? Got to have energy to keep the sims happy...but after so much development it needs to be CLEAN energy. LOL
quote:
Originally posted by Originate_This
quote:
Originally posted by Carpet Muncher
We have a large country with ample natural resources. Alternative energy sources can help us reduce our dependence on foreign oil. There are vast tracks of empty land in the West and Southwest that receive almost year round sun. Solar panels are getting cheaper and more efficient with each passing year. The Great Plains also have vast tracks of empty land that are ideal for harnessing wind. There have even been suggestions of harvesting energy from water currents with underwater turbines in tidal regions and even the mighty Gulf Stream off of the Atlantic Coast. Some of these ideas are closer to reality than others. The quicker that America lessens its dependance on foreign countries for its energy needs the longer America will remain a great nation.
Wind and Solar today produce less than 2% of the nation's current energy production. If we want to get serious on producing cleaner electricity we need to open up more nuclear plants.
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rtrefflich
2352 Posts |
Posted - 05/09/2008 : 10:02:04 AM
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Nuclear is the most efficient, effective and least expensive. Wind and solar won't work for the environmentalists because birds get killed in the windmills and solar is horrible to get rid of. Nuclear is the only way to go.
quote:
Originally posted by Originate_This
quote:
Originally posted by Carpet Muncher
We have a large country with ample natural resources. Alternative energy sources can help us reduce our dependence on foreign oil. There are vast tracks of empty land in the West and Southwest that receive almost year round sun. Solar panels are getting cheaper and more efficient with each passing year. The Great Plains also have vast tracks of empty land that are ideal for harnessing wind. There have even been suggestions of harvesting energy from water currents with underwater turbines in tidal regions and even the mighty Gulf Stream off of the Atlantic Coast. Some of these ideas are closer to reality than others. The quicker that America lessens its dependance on foreign countries for its energy needs the longer America will remain a great nation.
Wind and Solar today produce less than 2% of the nation's current energy production. If we want to get serious on producing cleaner electricity we need to open up more nuclear plants.
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