OPEC decides to curb overproduction: Financial News - Yahoo! Finance

 

Of course, as soon as the price start's to drop a little they have to do something to keep them up. The other day I was able to get half a tank for under $100. It's to bad that we have got to a point as to think 20 gallons for under $100 is good!

I guess the only thing to do is

 

Good
That will give more weight to "Drill,Drill,Drill" in the USA and look for alternative sources quicker.This B.S has to end sometime.
They won't have us over a barrell forever and never underestimate the good old USA when people get mad things Change !

 

Saudi Arabia has said that they won't follow production cuts and will pump at capacity. I say good for them.

Mike

 

Yes.

This will ultimately push renewable energy forward, permanently crippling the oil companies grasp on everyone...

I worry how long this could really take though, look at all the speculation "Oh my god, were running out of oil !!!"

The only oil we'll run out of is the cheap kind.

 

Guess who has the money and will finance most of the "new" energy sources.

My guess is "BIG OIL".

 

Nope, 2008 Farm Bill is doing alot of that as most people seen renewables coming from Ag. Not necessarily from corn ethanol or soy bean biodiesel as we know it now, but from what they term "advanced biofuels".


Of course, you have the sex and drug scandel within the oil industry coming on the other end of the spectrum and how can you trust a regulating industry that uses sex, drugs, and gifts to get contracts? That might slow the "drill, drill, drill" just a tad.

My biggest fear is that people will want to stop with alternative searchs because we naturally want right now, not some intermediate step to get to the "final" solution. I'm by no means a fan of corn ethanol and soybean biodiesel, but I believe they are necessary evils to get to what we can use and use sustainably, but alot of people don't see it like that for various reasons not just the one I mentioned above. Who knows what will be listed in the 2012(well it could come out between 4-7 yrs from the last one), but that's my biggest concern. Drilling by itself isn't the answer, it helps, but it's not the answer and to those that think it is a final answer that's short sighted.

 

Algal Oil Yields ? Yield Data for Oil from Algae Strains, Algae Species with High Oil Yields



Yield of Various Plant Oils



Crop Oil in Liters per hectare



Castor 1413

Sunflower 952

Safflower 779

Palm 5950

Soy 446

Coconut 2689

Algae 100000

 

University of Virginia had an article published about Algae biofuel that was a pretty good read. LS9 and Algae are the ones that I think might do it and Algae has other benefits as well that could help out in other areas if those experiments work out as planned.

 

Here's another source of Biofuel: Switchgrass.
Biofuels from Switchgrass: Greener Energy Pastures
This is non-food just like the algae.

 

Yes, lets work on alt-fuels without burning up our food supply please.


In the meantime, drill as much as possible, build nuke plants, dig for some coal, including the dirty kind like I have here in PA. I understand the new coal plants can use this "dirty" coal and keep the emissions clean? Or, these plants arent far away?

Just stop burning up the food supply. I heard this is the first time in US history that we are importing grain........

 

To build one nuke plant if there are no legal hurdles(interest groups that oppose it etc) it will take 12 years from getting the paper work til it becomes operational. That will have to change if you expect nuke plants to be a viable alternative in a rough near time like McCain is proposing. This is according to a man in Michigan were his company is in the process of finishing filing paper work for a new nuke plant and those figures are according to him.

Coal is coal, it's how they extract it determines on if it's clean or dirty. Back to algae they are thinking about using algae to clean up coal emmissions and use the extra emissions to feed the algae and use in order to have more oil to harvest for biodiesel. This is just in the testing phases, but it shows promise. That was also in the U. of V. article I mentioned earlier.

That's the first I'm hearing of that. You have a credible source on that one?

 

price's around the country at flying J's, Flying J

 

Here's a BIO FUEL idea that would cut oil import's and also STOP TAILGATER'S, unlike that great french fry smell from Mc Donald's used oil-- From Manure to Miscanthus: Agronomy Day Deals With Alternative Fuels

 

I heard it on a radio/television show from a guy I feel is pretty credible, and I did just look up a Fed document, department of Ag I think, ill have to find it again. This table graph showed grain imports doubling in four years, since 2004.

Oh, and I know nuke plants wont come right online, but if we keep saying that, its just another day, another month, year, years......before any are started.