[joeltrout]

$this->bbcode_second_pass_quote('zensui', '
')
I've about $300 of savings... I cann't "play in the speculative casino"; the most I may do is buy some gold national commemorative coins.

[misterno]

The price of oil in terms of gold is breaking records also.

I wonder if this has a meaning also.

[chris-h]

$this->bbcode_second_pass_quote('joeltrout', '.') Oil is a real commodity, gold is not.


joeltrout

[Officeguy]

Hi,

If you are like me, you are checking the price of crude oil daily and watching in horror as it heads on up to $200. I normally check oil-price.net, and so I set up a thing called a google gadget which allows me to see this oil price graph on my iGoogle homepage.

It turns out it is quite popular with nearly 3000 users.
If you are interested, then you can add it from here:

link

and it looks like this:



all the best,

Marty from New Zealand

[Pholostan]

$this->bbcode_second_pass_quote('Ferretlover', 'T')he operative words here are" "has been." Non-US countries are not immune from future raises in price.

[peak]

Peak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[ColossalContrarian]

$this->bbcode_second_pass_quote('peak', 'P')eak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[roccman]

$this->bbcode_second_pass_quote('ColossalContrarian', '')$this->bbcode_second_pass_quote('peak', 'P')eak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[sjn]

$this->bbcode_second_pass_quote('peak', 'P')eak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[ColossalContrarian]

$this->bbcode_second_pass_quote('roccman', '')$this->bbcode_second_pass_quote('ColossalContrarian', '')$this->bbcode_second_pass_quote('peak', 'P')eak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[Starvid]

$this->bbcode_second_pass_quote('sjn', '')$this->bbcode_second_pass_quote('peak', 'P')eak conventional oil is nothing, converting coal to liquid fuels has positive EROEI. We'll just convert our huge coal stockpile + oil sands from Canada.

Oil can go back to $70 a barrel

[Revi]

It looks like the price of gold and the price of oil are decoupling. that means that the price of oil is finally going up due to supply problems, and not just fiat currencies tanking.

Is there a bubble forming? I read on 321 energy that there is supply of heavy crude, so we might even see the price of oil decline some in the next few months. Or maybe not...

http://www.321energy.com/reports/flynn/current.html

[Gandalf_the_White]

$this->bbcode_second_pass_quote('Revi', 'I')t looks like the price of gold and the price of oil are decoupling. that means that the price of oil is finally going up due to supply problems, and not just fiat currencies tanking.

Is there a bubble forming? I read on 321 energy that there is supply of heavy crude, so we might even see the price of oil decline some in the next few months. Or maybe not...

http://www.321energy.com/reports/flynn/current.html

[peak]

$this->bbcode_second_pass_quote('Gandalf_the_White', '
')
I wonder what the spatial range is for positive EROEI of CTL by all available technologies. For instance would it be worthwhile to ship coal to a plant by coal powered rail then get the CTL out to millions of auto users and still have engouh left to ship back to the mine to make sure the coal comes out of the ground as fast as we need it to?

[Gandalf_the_White]

$this->bbcode_second_pass_quote('peak', 'P')lus oil sands is already showing very profitable results especially when crude oil is trading at $122.

[Fiddlerdave]

$this->bbcode_second_pass_quote('', 'I')f China can put up a coal powerplant a week then why can't we do the same? Even a 5% increase in coal mining YOY can offset peak conventional oil. China is increasing capacity much more than that.

[Gandalf_the_White]

$this->bbcode_second_pass_quote('Fiddlerdave', '')$this->bbcode_second_pass_quote('', 'I')f China can put up a coal powerplant a week then why can't we do the same? Even a 5% increase in coal mining YOY can offset peak conventional oil. China is increasing capacity much more than that.

[Gerben]

The last price I heared was that it would be profitable at $ 80 a barrel. I think that was a in a study from 3 years ago. Since then the price for petrochemical installations has only gone up. It'd probably be profitable, but it's a risky investment. There's a lot of ppl who still claim that there is plenty of oil.

[Jack]

$this->bbcode_second_pass_quote('Gandalf_the_White', 'N')ow all the naysayers are jumping on the $200 bandwagon. I hope they get their $200 oil. I hope they do.

[peak]

$this->bbcode_second_pass_quote('Gandalf_the_White', '
')
Edit: EROEI and other useful doom topics

Tar Sand estimate 1.5 EROEI. So that means we subsidize the first barrel and we get 1.5 back. So we could skim our .5 barrels and reinvest the 1 to get a closed cycle that pumps out about .5 barrels as fast as we can run the machines. However, we need scale so we have to ramp up to about 1 million barrels per day that requires either burning up a few million barrels a day of conventional to get about a three million barrel per day cushion or we have to take the log base 1.5 of 1 million to find tou how long we need to charge the reservoir. Of course the EROEI of 1.5 is a bit problematic since tar sands live way up in Alberta. So the production cycle, dirt to smiling soccer mom, has to be on average 1000 miles. 1/2 barrel of oil in the end produces how much gasoline? I'm certain that we all see that Tar Sands is a passing fancy or a local environmental nightmare or both. The people up at McMurray will never run out of gas, but they will run out of cancer free bodies to dig in the tar pits.