Posted on 09/14/2006 10:10:40 AM PDT by seapirate
Latest Light, Sweet Crude Oil Futures 2006-Oct Stock Trade Type Size Price Date Tr.Time Units 63.75 14/09/2006 12:27 USD
More Light, Sweet Crude Oil Futures 2006-Oct share trades
That would be funny if I thought it was completely out of the question.
Glenn Beck, yesterday was discussing how OPEC lowered the price of oil back in the Carter days in order to keep the U.S. addicted to oil. Glenn Beck fears that as long as oil stays at a relatively low price there will be no real incentive for investment in alternative fuels research.
He had a guest expert on his program talking about how ethanol costs more in fossil fuels to produce than it is worth. And that the best alternative fuel is hydrogen. Apparently Honda has perfected a system to do just that.
I have heard that before and I agree.
The speculators must be shorting due to the impending crisis with Iran and the tightness of supply.
Roaring economic boom right around Election Day!
Sweet!
Natural gas is down 10% today, which ought to be bigger news than the slight decrease in crude the past couple days.
That's a big chart or picture whichever it is! Can't wait the ten minutes for my dialup to get over its shock and start to display it.
Dang True, glad I'm not on dial-up. That's one HUGE pipe ;D!
I am sure this has nothing to do with the announcement a week and a half ago that BP is under investigation for possible manipulation of futures markets.
Since oil was up yesterday, oil hasn't fallen below what it was three days ago. The trend is level.
I agree, I took a natural resource economics course in college, and as long as oil is low, we will have less incentive to change to alternatives. It costs an incredible amount of money to produce ethanol, and in order for it to be economically feasible, the price of oil would need to sky rocket even more before we should switch. Hydrogen fuel cell technology costs less, so it is probably our best bet as long as oil either steadies or continues to rise. However, if oil continues to slide, we really have no other economic choice than to still be importing it. However, national security is another issue, and the cost of national security should be added to the price of oil in order to get the true cost of a barrel of oil.. Perhaps ethanol isn't that expensive after all.
Or suck on a car exhaust.
"At this rate Pelosi or Reid may personally tear up a pipeline or a refinery."
Don't give these wack jobs any ideas!
True.
Yep! I predict frog marching in the weeks ahead. Have you seen this?
http://www.senate.gov/~levin/newsroom/supporting/2006/PSI.gasandoilspec.062606.pdf
Well then it sounds to me like alternative fuels research has made some substantial progress!
Not only that but the oil companies are getting a subsidy to produce it.
Beck's guest said that the sugar cane ethanol, like in Brazil, was the better way to go (besides hydrogen)
Here's the guy's book:
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