Posted on 09/09/2014 2:23:02 PM PDT by thackney
Better get fracking now.............................
By then GTL should be a mature production technique..................
While the three oil price cases represent a wide range of uncertainty in future markets, they do not capture all possible outcomes (Figure 1 and Table 1). Because EIA’s oil price paths represent market equilibrium between supply and demand, they do not show the price volatility that occurs over days, months, or years. As a frame of reference, over the past two decades oil price volatility within single years has averaged about 30%. Although that level of volatility could continue, the alternative oil price cases in IEO2014 assume smaller near-term price variation than in previous IEOs, because larger near-term price swings are expected to lead to market changes in supply or demand that would dampen price volatility.
“while liquid fuels demand in the US, Europe, and other regions with well-established oil markets seems to have peaked, “
I was amazed to see how we have reduced our gas consumption in the last decade.
Consumption will rise. Net energy exporting nations will rise. The dollar will fall. The U.S.A. is not a net energy exporter.
I’ll be in my mid -80s.. I better get crackin’ before they come a’frackin’.
Too bad Tesla inspired technologies have been kikked to the curb, energy is just floating around for the taking.
I wonder why?
Maybe certain sheikdoms in the Middle East could enlighten us and not our pocketbooks.
I believe that Israel’s Leviathan gas field in the Mediterranean Sea is coming on line now. That may provide more supplies for Europe.
What about Cyprus? I’ve read that the gas field there could be as much as 122 trillion cubic feet.
Keep in mind, this is liquid consumption, gasoline, diesel, etc.
The Chinese are gonna be the big hog at the trough of the middle east.
The sheikhs and muzzies are gonna love having a best customer with mafia business practices and 1.5 billion expendable people to enforce them.
Enjoy your chop suey, boys....with pork LOL.
World liquid fuels consumption to rise 38% by 2040 or we could be running on Water and AAA batteries
Keep dreaming. The world is a big place to believe no one would use such capabilities if it existed.
More fodder to bid up the price of Brent Crude.
Yeah but what did Tesla capture during some of his experiments? Moonbeams?
The reality is we need oil and all that goes with it to run a global economy engine. Solar or such will never deliver the punch needed to reliably keep the engine going.
You can convert that electricity into liquid fuel. But not if you don't have the electricity in the first place.
Not to worry, I’ll be 108 by then.
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