alfeng said:
Rising prices do not have a significant impact on supply and demand in the long run.
Dream on. Next you are going to re-write all of the supply-demand ecnomics. Rising prices will mean industrries and ordinary folks alike will seek more energy efficient means.
Supply and demand, BTW, as described by theorists is NOT a true factor in the current pricing of crude oil on the world markets; but, rather mostly a result of speculators.
Right, of course they are making money out of it. Should we ban people making money out of all the commodities and other merchandize?
I believe the current CASH price for Sour/Heavy Crude is in the low-to-mid-$40 range ... Sweet Crude is cheaper to refine, and so there is about a $2-to-$3 premium ...
It does not matter what you believe, in a free martket, supply and demand decides the price.
Twenty years ago, it was observed that the break-even price for refining the tar sands was about $18US. Again, allowing for inflation (which is solely manufactured by Dollar devaluation by the Federal Reserve AND NOT supply & demand driven market forces), that would put the cost of tar sand derived oil (aka "synthetic oil" ... yes, that Mobil ONE probably isn't any better, but they have good marketers) would be in the low-to-mid-$40 range.
Prices manipulated? Say it isn't so!
The crude oil is traded in a free market. If the refineries could buy it cheaper they would.
I guess the fact that China's oil consumption will surpass that ot US is also a myth. How about India is fast catching up with China in oil consumption. That is a myth too, is it?
Global Warming may be occurring, but it is not man made and is barely exacerbated, if at all, by Man -- that is the INCONVENIENT TRUTH.
Well I am not so sure the man does not have such a big role in global warming. So I'd like to buy an insurance policy and stop polluting so much, just in case we are causing it so much damage.
How do those who run around espousing Global Warming explain the fact that about 1000 years ago the Vikings had thriving & self-sustaining settlements in regions outside of Europe that are now inhospitable? That, in England, they were growing grapes which were not suited to the English climate of a decade ago ...
The earth goes through cycles. The scientists explain the difference. Perhaps you can read more into it instead of saying it aint happening and shut it out.
Global Warming is cyclical ... it has been alternating with glaciation for at least 100,000 years ...
Not like the one we are experiencing. We are putting millions of tons of pollution into the atmosphere, which would not have been the case if people did not use so much fossil fuels.
While most Environmentalists may be well-intentioned, they are uninformed ...
Right, I am sure they would love to be informed by you. Why don't you contact them and explain how wrong they are. You are not convincing me by saying any of this and I am not a scientist nor am I an environmentalists. I just want an insurance policy against the global warming, in case the man is cauisng a huge upset in the ecological system (I am pretty darn sure we are).
And, the objective of SOME Environmentalist (e.g., those who are promoting AN INCONVENIENT TRUTH) is little different from the objective of SOME so-called Christian Fundamentalists -- control. Control of the congregation -- control of you & me -- because THEY either think that they no better OR they like the notion of control for control's sake.
I have not seen the movie by Gore. But you cannot believe they are doing to so they can control you. That is not going to work. They must know that trying to control people like that is a waste of time. And I am sure they have heard communism in USSR has failed and China has opened its doors to capitalism.
The so-called demand from China & India doesn't warrant the price differential from the past.
I am beginning to think I am wasting my time writing this reply. Clearly you know all the secret answers nobody else does.
The Chinese and/or East Indians will undoubtedly be using on-demand hydrogen fueld cars before the United States & Europe adopt them.
If that is the case I wonder who will supply the technology for it?
If anyone needs thoughts to cogitate on, then consider the high likelihood that gasoline prices in the United States will probably be BELOW $2.00 before the November elections ... one way or another ... by hook or by (the) crook(s)! Maybe $2.00 gasoline by November won't occur, but if it does ...
The oil companies make their money from crude oil, not from retail or from refining oil. So how will this happen since by your admission the oil companies and speculatiors are inflating the crude prices.
I hope the gas prices in the US reach $15 per/gallon before it settles to $8-$10, something like most people in the world pay for it. There is no better motivation than the kind that hits people's pockets and companies bottom line. Already there are many companies building more efficient home appliences, heating/cooling and other industrial machines, including jmuch more efficient jet engines, cars and SUVs. We need to keep doing this, and only way this will continue is if the gas prices in US are more inline with gas prices in Europe.