Ambien Torca
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Posted - 2008.04.16 12:00:00 -
[1]
 Originally by: 128th ABC123
-New Oil Fields and Ways to extract oil are constantly being found.
-Deep Sea Drilling (Shell), Coal Liquification (China), Alaskan Upgrader (USA striping oil rich topsoil and extracting oil.)
-There are alot of different "grades" of Oil. Most often defined in ultra light, light, heavy etc. This determines the range of products that can be refined out of the oil. The most wanted is the heavy oil as it has the largest range of products, open up your first year chemistry book to see a refining column and what products come out. Most of the "light" oil fields have been charted for over 70 years and have only recently become affordable or interesting to drill with the higher oil prices.
-Alternative fuel is not a myth and it will be replace fossil fuel in time.
-Oil production is not staggering and ALOT of new projects are final stages of completion or being started (refineries, platforms, FPSO's etc.)
We are NOT running out of Oil and supply can keep up with Demand. As oil is such an important commodity it is good that their is a governing organ that does have an influence on the supply and the price. Please don't see it as a conspiracy but as a safekeeping of something more people should be seeing the profits of 
The biggest factoring behind the oil is the world economy requiring more and more, economies like China are absorbing large quantities of resources, not only oil but for instance timber. Every Chinese person that has suddenly seen his welfare grow over the last 3 decades now wants a wooden floor in his house etc etc. (the Complet Island of Borneo is being cut down for the Chinese lumbermarket... )
Eventually supply wonŠt keep up with demand when we are talking about oil, supply is finite. New sources of oil give less usable energy per energy used to get it to usable form in the first place which means you need lots more production compared to conventional one to get similar amount of energy out of it. And oil/NG can do so much work per gallon that nothing can replace it either into forseeable future. Solar is closest but we also have a energy storage problem. Until that is worked out and suitable infrastructure and vehicles for it are deployed we are heading towards financial implosion and resource wars which will cut down oil price, until demand picks up some and then we run into that same wall again. Government wonŠt save anyone ultimately [maybe themselves  ) and shame on people who think they will. Oil production is almost completely nationalized already and this will guarantee diplomatic problems between "producer" and "consumer" as producers find themselves barely capable of producing oil for themselves let alone for outside sales.
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