81–90 of 174 posts
And yet gas is still over $3 a gallon. Funny that...
Thing is, most people in the States still have day jobs that they commute to. Demand for gas hasn't really gone anywhere. Meanwhile, for the first time in... Forever, diesel is cheaper then gasoline. [1] [1] http://www.eia.gov/dnav/pet/pet_pri_gnd_dcus_nus_a.htm
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All the assumptions underlying the "Peak Oil" theory have been invalided by new technology. Eventually we'll get there, but not this century...and possibly never if non-petroleum energy sources are developed between now and the end of the century. Remember, petroleum was the answer to the "Peak Oil" problem of the 1840's & 50's. We were running out of whale oil...and the solution wasn't more efficient ways to hunt an…
"Peak Oil" just says we stop mining as much oil with a certain graph shape, not that the world ends. Transitioning to a new energy source is compatible and preferable.
Lexcorvus and I apparently have similar memories, because my recollection is that all the articles discussing peak oil had a mandatory section predicting the eminent demise of Western Civilization (and quite a large percentage were giddy at the notion).
I wonder why so many people are only looking at the economic side of this DO THEY NOT REALIZE THE IMPLICATIONS FOR THE ENVIRONMENT AND HOW WE USE FOSSIL FUELS? We burn (no pun intended) through resources as fast as we want until there are none left. And then what?
Production of beef and lamb makes about 15% of greenhouse gases, not mentioning transport of it, or dairy. Lot of greenhouse gases are produced for energy use, heating, AC and similar. Problem is that we aren't really burning that much oil for our own personal transportation. We're burning oil on places where efficiency isn't a goal. Feeding a mammal to harvest meat or milk isn't efficient. We humans like meat, we su…
I wonder why so many people are only looking at the economic side of this DO THEY NOT REALIZE THE IMPLICATIONS FOR THE ENVIRONMENT AND HOW WE USE FOSSIL FUELS? We burn (no pun intended) through resources as fast as we want until there are none left. And then what?
> And then what? And then the price of the scarce resource will go up, pushing us towards alternative energy sources. And as time passes, we should have more efficient ways of harnessing those.
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Well, counter-intuitivley, consumer gas prices aren't falling nearly as much if at all. Personally I think the DOJ should investigate refineries, as none of the seem particularly eager to compete on price. They're making record profits as the price of crude collapses while the price of gasoline is flat. http://www.latimes.com/business/la-fi-refinery-profits-recor... It seems very fishy to me that we have so much crud…
Airfare isn't falling because the domestic airlines a) have a triopoly and b) have learned not to compete on marketshare, so capacity isn't increasing as much. The big 3 have become much more disciplined when it comes to revenue management.
http://www.nbcnews.com/business/travel/airline-fares-record-...
> Airline fares recorded their steepest monthly decline in 20 years, falling 5.6 percent last month, according to the Bureau of Labor Statistics.
I wonder why so many people are only looking at the economic side of this DO THEY NOT REALIZE THE IMPLICATIONS FOR THE ENVIRONMENT AND HOW WE USE FOSSIL FUELS? We burn (no pun intended) through resources as fast as we want until there are none left. And then what?
Pretty clear the majority of people don't care. So just hope that when the music stops, you're already dead.
Earlier quoted context omitted.
Not an expert, but I've been read that demand for oil is typically used as a leading indicator for economic growth. Seems like the global economy is slumping, and as a result doesn't need as much energy (oil)
Ah, so in that case it wouldn't be causal, just a correlation.
Lower oil prices seem to be driving the major US indices lower lately. Why is that? Lower energy expenses seems like a good thing for businesses.