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Wired Zine: Why High Oil Prices are Good for America

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Wired Zine: Why High Oil Prices are Good for America

Unread postby realeyz » Mon 21 Nov 2005, 03:39:37

I just started reading this big article in Wired magazine, but the first sentence is "At the climax of his book, Twilight in the Desert, Houston investment banker Matthew Simmons describes a visit to the worlds most powerful oil company, Saudi Aramco in Dhahran."

It shoots from the angle that as prices go up so does the investment capitol into alternative energy solutions - so of course I go in with the obvious amount of wariness. Its a full 8 page read.

I will write again when I have finished the article...
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby Specop_007 » Mon 21 Nov 2005, 04:56:32

$this->bbcode_second_pass_quote('realeyz', '
')It shoots from the angle that as prices go up so does the investment capitol into alternative energy solutions


How does that work?? The petro companies sure as shit dont want alternative energies (Unless of course they own it) and energy costs increasing actually leaves less free capital for devleopment and growth regardless of the sector.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby realeyz » Mon 21 Nov 2005, 05:02:47

$this->bbcode_second_pass_quote('Specop_007', '')$this->bbcode_second_pass_quote('realeyz', '
')It shoots from the angle that as prices go up so does the investment capitol into alternative energy solutions


How does that work?? The petro companies sure as shit dont want alternative energies (Unless of course they own it) and energy costs increasing actually leaves less free capital for devleopment and growth regardless of the sector.


Thats a very good question - and one I still dont have an answer for even after reading the article. Its shocking how little real research went into this article - the author seems to sum everything up into dollar cost instread of energy cost and has no real understanding or mention of EROEI - I would call it a waste of time.

I'm sure John Denver will love it though - seems to be right up his alley.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby Doly » Mon 21 Nov 2005, 06:23:15

$this->bbcode_second_pass_quote('Specop_007', '
')How does that work?? The petro companies sure as shit dont want alternative energies (Unless of course they own it) and energy costs increasing actually leaves less free capital for devleopment and growth regardless of the sector.


A number of petro companies have investments in alternative energies. And there's still a lot of free capital out there.

Of course, this doesn't guarantee that the problem will be solved. Throwing money to a problem doesn't always solve it. Think of the amount of money thrown to cancer research, and how many people still die of cancer.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby Specop_007 » Mon 21 Nov 2005, 06:28:16

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('Specop_007', '
')How does that work?? The petro companies sure as shit dont want alternative energies (Unless of course they own it) and energy costs increasing actually leaves less free capital for devleopment and growth regardless of the sector.


A number of petro companies have investments in alternative energies. And there's still a lot of free capital out there.

Of course, this doesn't guarantee that the problem will be solved. Throwing money to a problem doesn't always solve it. Think of the amount of money thrown to cancer research, and how many people still die of cancer.


What makes the stockholders more money, curing you or keeping you alive?
Whether or not its right is a whole different topic, but the simple fact is the healthcare makes money hand over fist by making sure you get sick and stay sick.....Or even better, convincing you your sick.......
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby Falconoffury » Mon 21 Nov 2005, 07:38:27

Spec, there are a few crusaders against the corruption of the health care system, the FTC, and the FDA.

I must give a big clap to Kevin Trudeau. I recommend his book to anyone who knows nothing about natural cures. They work, unlike the useless drugs that the mainstream health care system gives.

http://www.amazon.com/gp/product/097559 ... 5&v=glance
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby bobcousins » Mon 21 Nov 2005, 08:09:44

$this->bbcode_second_pass_quote('Specop_007', 'W')hat makes the stockholders more money, curing you or keeping you alive?
Whether or not its right is a whole different topic, but the simple fact is the healthcare makes money hand over fist by making sure you get sick and stay sick.....Or even better, convincing you your sick.......


That's the truth man, I have never taken any medications, and I have never been sick.

:lol:
It's all downhill from here
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby khebab » Mon 21 Nov 2005, 09:41:36

I had a look at this magazine yesterday. The core belief of the article is that technology will save us because higher oil prices will fuel investment in new energy alternatives! This view fits with the editorial view of the magazine which is mainly focused on the marvel of internet technology.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby realeyz » Mon 21 Nov 2005, 10:43:50

$this->bbcode_second_pass_quote('bobcousins', '')$this->bbcode_second_pass_quote('Specop_007', 'W')hat makes the stockholders more money, curing you or keeping you alive?
Whether or not its right is a whole different topic, but the simple fact is the healthcare makes money hand over fist by making sure you get sick and stay sick.....Or even better, convincing you your sick.......


That's the truth man, I have never taken any medications, and I have never been sick.

:lol:


If you have never been sick then how would you know what sick feels like to know whether or not you have ever in fact been sick?
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby abbcampbell » Mon 21 Nov 2005, 11:44:40

$this->bbcode_second_pass_quote('Specop_007', '
')
How does that work?? The petro companies sure as shit dont want alternative energies (Unless of course they own it) and energy costs increasing actually leaves less free capital for devleopment and growth regardless of the sector.


I would imagine they mean one or both of two things:

1) High oil prices mean more people want alternatives. This means that developing alternatives is more potentially profitable than before, and more folks will be interested in doing it.

2) High oil prices mean petro companies will be afraid of the scenario mentioned in (1) above, and will want to hedge against that by developing alternatives themselves.

Will this work? Is Batman a transvestite? Who can tell?

I'm not trying to say this is what will happen; rather I'm just saying I suspect this is the line of reasoning.
Last edited by abbcampbell on Tue 22 Nov 2005, 16:30:51, edited 1 time in total.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby cube » Mon 21 Nov 2005, 14:19:18

$this->bbcode_second_pass_quote('realeyz', '.')...
It shoots from the angle that as prices go up so does the investment capitol into alternative energy solutions - so of course I go in with the obvious amount of wariness. Its a full 8 page read.
....
Sounds like 8 pages of paper that's not worth more then 2 slips of toilet paper. If alternative energy is such a great investment then how come oil companies aren't jumping on it like flies on sh!t?

The only conclusion one can deduce is that there's more money to be made drilling for oil then propping up windmills and solar panels.
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Re: Wired Zine: Why High Oil Prices are Good for America

Unread postby abbcampbell » Mon 21 Nov 2005, 16:52:19

$this->bbcode_second_pass_quote('cube', '.')...
. If alternative energy is such a great investment then how come oil companies aren't jumping on it like flies on sh!t?


Do we know that they aren't?

I personally don't know one way or the other, but I know that almost every industry I have been involved with has maintained some measure of secrecy about some projects until they feel the "time is right."

For years we've heard "urban legends" about oil companies buying up rights to this or that new technology which would limit folks' dependance on oil. *If* that was true, I could see them rolling such things out when they began to lose money because the average man could no longer afford their product.

Also, look at BP (Beyond Petroleum) and Chevron (WillYouJoinUs)...these could be marketing ramp-ups to sell you on the new product.

Of course, all of this is purest conjecture. I have no idea one way or the other, and I'd wager that 99+% of the population also has no idea one way or the other.

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