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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (4502)	1/6/2004 3:30:59 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Isn't Greenspans mouth in perpetual motion yet saying nothing? M

To: Wyätt Gwyön who wrote (4502)	1/6/2004 4:04:43 PM
From: grusum	Read Replies (1) \| Respond to of 110194

Hi Darfot, i appreciate your well thought out posts. isn't it true that petroleum geologists are only experts on oil and its extraction? they're not experts on other technologies. i haven't read the book you mentioned about shale and tar sands, but i've heard that it said that extracting the oil uses nearly as much energy as they can get out from the oil. Still, it's possible that future technology can solve that problem. technology can't solve oil extraction when there's no oil to extract though. and that is the case with peak oil, but not with shale and tar sands. i read that a new process is available now that can produce solar cells for 20 cents a watt. the only drawback is that they are only 10% efficient right now, so they'd need a larger area to extract the same power as the more efficient cells. right now, the cheapest solar cells are around $4.00 a watt. that's about 2 times more expensive than they need to be to start being competitive with grid power. and even that will change on its own as grid power becomes more expensive. the politics on nuclear power should begin to change also, as the price for grid power becomes more expensive and begins to be a hardship for many people. still i agree with you that even if things change, they change very slowly and the pain must be felt first... -gru