Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: bart13 who wrote (95801)	10/24/2012 12:11:41 AM
From: Maurice Winn	2 Recommendations Read Replies (1) \| Respond to of 218632

100 years ago when my grandfather was getting oil from Dalian, it was about $100 a barrel I guess [measured in 2012 dollars converted to gold]. Today oil is about, well crikey, just the same. We could find the exact conversion rates if you are enthusiastic. There is more oil produced now than ever, so it certainly is not showing any signs of running out. Even if it did "run out" there are pretty well limitless bituminous oils and coal which could be hydrogenated to convenient fuel. If you mix methane and bitumen together, you get gasoline [with a bit of chemical engineering]. Easy peasy. We have run out of buggy whips and vacuum tubes but that's more because of obsolescence than an actual shortage. There are not so many fish easily caught either, but that's just an invitation to ocean farming. The oceans are quite big. Doomsters often worry about things "running out". See Club of Rome 40 years ago and many other such "end of the world" predictions. Mqurice