View Full Version : HUGE breaktrough for unlimited supply of energy



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zookeeper
04-26-2013, 08:01 PM
Over the longterm, this past week will be remembered as one of the biggest scientific moments of our age. This is truly HUGE.


"It may be the most ambitious scientific venture ever: a global collaboration to create an unlimited supply of clean, cheap energy. And this week it took a crucial step forward."

One giant leap for mankind: £13bn Iter project makes breakthrough in quest for nuclear fusion, a solution to climate change and an age of clean, unlimited energy - The Independent (http://www.independent.co.uk/news/science/one-giant-leap-for-mankind-13bn-iter-project-makes-breakthrough-in-quest-for-nuclear-fusion-a-solution-to-climate-change-and-an-age-of-clean-unlimited-energy-8590480.html)

This puts fusion into perspective: nuclear-fusion-rocket-could-reach-mars-in-30-days (http://www.space.com/20609-nuclear-fusion-rocket-mars.html)

kbsooner
04-26-2013, 08:17 PM
Wow, a design project that goes 80 years from conception to reality. Thanks for posting...

MadMonk
04-26-2013, 08:22 PM
So, should we start investing in deuterium and tritium futures? :wink:

This is pretty cool, but I'm cautiously optimistic.

zookeeper
04-26-2013, 08:29 PM
Wow, a design project that goes 80 years from conception to reality. Thanks for posting...

Yes, that's right. You have to give Ronald Reagan credit here as it was a big deal when the U.S. accepted the USSR's offer to cooperate in a project on the feasibility of nuclear fusion and was the birth of the ITER Project. To think in a mere 35-40 years we could very well be looking at commercial nuclear fusion plants up and operating. It would be one of the greatest achievements in the history of science. The go ahead to begin construction on the skin, or the blanket as they call it, is the single biggest moment to date for a future with nuclear fusion on our planet.

zookeeper
04-26-2013, 09:15 PM
http://www.youtube.com/watch?v=4gRnezJNFro

This is a great BIG THINK video with Michio Kaku on how ITER will get us to fusion.

zookeeper
04-26-2013, 09:17 PM
Here's a view from the future looking back, a fun video with a good explanation.


http://www.youtube.com/watch?v=GbzKFGnFWr0



An ITER fact sheet. (http://fusionforenergy.europa.eu/downloads/mediacorner/factsheets/2_Fact_sheet_Iter_light.pdf)

Snowman
04-27-2013, 04:37 AM
Over the longterm, this past week will be remembered as one of the biggest scientific moments of our age. This is truly HUGE.

I think the week they have the demonstration model working would be the one to remember, they have been trying variations on how to attempt fusion power production for decades.

zookeeper
04-27-2013, 03:06 PM
I think the week they have the demonstration model working would be the one to remember, they have been trying variations on how to attempt fusion power production for decades.

Actually, you're right. When DEMO is up and running that will obviously be incredible. I understand the skepticism, but they knew they couldn't get the go ahead on the very expensive blanket unless the math was working out in other projects and inside ITER. For the first time, the math is there, the physics of the project is sound and the go ahead on this phase of ITER has always been seen as a point of no return.

OKCisOK4me
04-29-2013, 12:32 AM
Watch out for 20 different looking Val Kilmers.

BoulderSooner
04-29-2013, 08:40 AM
Watch out for 20 different looking Val Kilmers.

this is nuclear fusion not cold fusion NASA?s cold fusion tech could put a nuclear reactor in every home, car, and plane | ExtremeTech (http://www.extremetech.com/extreme/149090-nasas-cold-fusion-tech-could-put-a-nuclear-reactor-in-every-home-car-and-plane)

Bunty
04-29-2013, 10:29 AM
As fusion for energy gets closer to reality it will be interesting to see if Oklahoma chooses to do nothing about it for its oil and gas industry will be wiped out.

Plutonic Panda
04-29-2013, 10:31 AM
It isn't going to happen for a LONG time, I'm willing to bet on it. They've been saying this for years and years. It will happen in 20 years though. lol

jn1780
04-29-2013, 11:28 AM
As fusion for energy gets closer to reality it will be interesting to see if Oklahoma chooses to do nothing about it for its oil and gas industry will be wiped out.

Nuclear fusion is the least of Oklahoma's or Texas worries. I can think of dozens of other things that will affect Oklahoma before Nuclear Fusion even begins to enter the picture.

Plus, they haven't even built this yet. It wouldn't be the first time scientists and engineers have run into an unfixable engineering problem even though a design works on paper

Midtowner
04-29-2013, 12:15 PM
There are a lot of big industries with a strong vested interest in killing this thing in its infancy.

Plutonic Panda
04-29-2013, 12:24 PM
It's sad isn't it. You couldn't be more right though. I wouldn't be surprised if some of these corporations are responsible already for the "problems" they've had with this technology. You can obviously tell how immature humanity is when we will certainly wait until the last second to do something like Nuclear Fusion for our power needs. We put a piece of paper that is deemed valuable by a man made system before our planet that supplies us, feeds us and ultimately, made us who we are today.

yukong
04-29-2013, 01:22 PM
The reality is, I doubt very seriously that any of us will be alive to see some sort of energy producing replacement for fossil fuels that will be reliable enough for airplanes, helicopters or other machines that need constant fuel and power. Can you imagine the size of such a reactor that would be needed to keep a 787 in the air. Or a Cessna 180 for that matter. How about one that would power an FA18 or F22? Just don't see it. And I don't know if I would risk my life for such. I wonder if oil will ever be fully replaceable for applications such as this? Maybe just maybe some cars could be powered thusly via batteries that are recharged by the fusion reactor. But really, I doubt that without cold fusion. I realize Doc Brown had a cold fusion reactor on the Delorean Time machine, but I just don't see it being an adequate replacement. It would be great if so...but I doubt any of us here will see it.

ou48A
04-29-2013, 01:54 PM
There are a lot of big industries with a strong vested interest in killing this thing in its infancy.

Always looking for the conspiracy^
There are many trillions of dollars and billions of people in many energy poor nations around the world that are more than enough by many times to counter balance any attempt to stop this project, if its ever viable.

mkjeeves
04-29-2013, 01:56 PM
The reality is, I doubt very seriously that any of us will be alive to see some sort of energy producing replacement for fossil fuels that will be reliable enough for airplanes, helicopters or other machines that need constant fuel and power. Can you imagine the size of such a reactor that would be needed to keep a 787 in the air. Or a Cessna 180 for that matter. How about one that would power an FA18 or F22? Just don't see it. And I don't know if I would risk my life for such. I wonder if oil will ever be fully replaceable for applications such as this? Maybe just maybe some cars could be powered thusly via batteries that are recharged by the fusion reactor. But really, I doubt that without cold fusion. I realize Doc Brown had a cold fusion reactor on the Delorean Time machine, but I just don't see it being an adequate replacement. It would be great if so...but I doubt any of us here will see it.

Maybe not in our lifetimes. We sure probably won't see the doomsday end of oil scenarios either but more likely will transition to lighting, heating, general building and manufacturing power needs as well as generally use electric vehicles powered by other than fossil fuels.

jn1780
04-29-2013, 02:02 PM
It's sad isn't it. You couldn't be more right though. I wouldn't be surprised if some of these corporations are responsible already for the "problems" they've had with this technology. You can obviously tell how immature humanity is when we will certainly wait until the last second to do something like Nuclear Fusion for our power needs. We put a piece of paper that is deemed valuable by a man made system before our planet that supplies us, feeds us and ultimately, made us who we are today.

On the flipside of this argument, there are many more corporations that will say we don't need to reduce energy usage because a miracle solution to all our energy problems is "just around the corner".

Plutonic Panda
04-29-2013, 02:25 PM
Always looking for the conspiracy^
There are many trillions of dollars and billions of people in many energy poor nations around the world that are more than enough by many times to counter balance any attempt to stop this project, if its ever viable.It was my understanding that there are a few corporations out there that are more powerful and influential some pretty big countries. I'm not going to name any right now, because, for the life of me, I can't remember the scope, but I remember seeing somewhere that if Walmart were it's own country, it would be in the top 10 largest economies in the world. I am a conspiracy theorist, I love conspiracies, however I try to be rational though.

Now I don't think Exxon Mobile or Devon has a team of mercenaries going around killing whoever threatens their profits and future, but I'm sure they have bought out senators and blackmailing is rampant. It happens all the time. I don't think these "small" nations would even really be interested in nuclear power as most seem to turn to solar and wind power, which I am against, just fyi.

Plutonic Panda
04-29-2013, 02:27 PM
On the flipside of this argument, there are many more corporations that will say we don't need to reduce energy usage because a miracle solution to all our energy problems is "just around the corner".Well, I really can't argue with that lol. . . If we new for sure, then I'd say yeah haha..... But, I think Nuclear Fusion will be here "eventually"(if you know what I mean by that), sort of like our towers we're getting here in OKC lol. . .

Plutonic Panda
04-29-2013, 02:32 PM
The reality is, I doubt very seriously that any of us will be alive to see some sort of energy producing replacement for fossil fuels that will be reliable enough for airplanes, helicopters or other machines that need constant fuel and power. Can you imagine the size of such a reactor that would be needed to keep a 787 in the air. Or a Cessna 180 for that matter. How about one that would power an FA18 or F22? Just don't see it. And I don't know if I would risk my life for such. I wonder if oil will ever be fully replaceable for applications such as this? Maybe just maybe some cars could be powered thusly via batteries that are recharged by the fusion reactor. But really, I doubt that without cold fusion. I realize Doc Brown had a cold fusion reactor on the Delorean Time machine, but I just don't see it being an adequate replacement. It would be great if so...but I doubt any of us here will see it.Even me?????? I was born in 93' lol. I hope your wrong about that. I was thinking one day how we would get a rocket into space without fossil fuels and then I thought SPACE ELEVATOR and then launch rockets off of the moon where gravity is less of an influence and burden. I'm not to familiar with the raw power of a 747 or 787, but I'm sure it massive. How about anti-matter? lol

ou48A
04-29-2013, 02:49 PM
As fusion for energy gets closer to reality it will be interesting to see if Oklahoma chooses to do nothing about it for its oil and gas industry will be wiped out.There are many energy problems that I hope the new GE energy research center will be working in collaboration with OU to find solutions for.

When the boom of oil and NG is over we should do everything we can to have fall back positions in place for our state’s economy. Some would be partly based on new and improved methods of production and energy use. But let’s use this current oil boom to partly fund our states efforts.

We already have one of the best energy saving manufactures in our state. ClimateMaster produces state of the art water- source and Geothermal Systems that are probably the very best in the world right now. I own one………OSU has done good research in this area…


Though research and manufacturing Oklahoma can become a world leader in high tech energy.
We can transform our state’s economy making our self’s more prosperous with sensible state investments in our university’s and with incentives for the right corporations.

HangryHippo
04-29-2013, 03:36 PM
There are many energy problems that I hope the new GE energy research center will be working in collaboration with OU to find solutions for.

When the boom of oil and NG is over we should do everything we can to have fall back positions in place for our state’s economy. Some would be partly based on new and improved methods of production and energy use. But let’s use this current oil boom to partly fund our states efforts.

We already have one of the best energy saving manufactures in our state. ClimateMaster produces state of the art water- source and Geothermal Systems that are probably the very best in the world right now. I own one………OSU has done good research in this area…


Though research and manufacturing Oklahoma can become a world leader in high tech energy.
We can transform our state’s economy making our self’s more prosperous with sensible state investments in our university’s and with incentives for the right corporations.

Ah, but the devil, as always, lurks in the details. What are the right corporations? While easy to tout, this is where things have the potential to become very problematic.

ou48A
04-29-2013, 05:00 PM
Ah, but the devil, as always, lurks in the details. What are the right corporations? While easy to tout, this is where things have the potential to become very problematic.

The right corporations are another post/ topic
But they are probably those who would qualify for our states quality of jobs act. Which is not very problematic at all.
The state folks seem like they know what they are doing with the incentives for corporations.

Bunty
04-30-2013, 11:21 AM
There are many energy problems that I hope the new GE energy research center will be working in collaboration with OU to find solutions for.

When the boom of oil and NG is over we should do everything we can to have fall back positions in place for our state’s economy. Some would be partly based on new and improved methods of production and energy use. But let’s use this current oil boom to partly fund our states efforts.

We already have one of the best energy saving manufactures in our state. ClimateMaster produces state of the art water- source and Geothermal Systems that are probably the very best in the world right now. I own one………OSU has done good research in this area…


Though research and manufacturing Oklahoma can become a world leader in high tech energy.
We can transform our state’s economy making our self’s more prosperous with sensible state investments in our university’s and with incentives for the right corporations.
Then the Republicans should quite cutting state income taxes, so more money will be available for education into the future.

Plutonic Panda
04-30-2013, 11:41 AM
then the republicans should quite cutting state income taxes, so more money will be available for education into the future.this

venture
04-30-2013, 12:47 PM
Then the Republicans should quite cutting state income taxes, so more money will be available for education into the future.

But but but...they gotta get re-elected! Who cares if they dig us into a deeper down the road when they are out of office. They already collected all the kickbacks from special interest and are well retired by then. :)

I think we are still a couple generations away from changing the mindset of Oil/Gas being the holy grail. I also wouldn't put it past some areas to increase investment in new energy technologies, like fusion, to help speed the process along as safely as possible. The best thing that can help for the nation's economy will be a quick departure from fossil fuels. Special interests in Oklahoma, Texas, and other oil rich areas are going to fight it as long as they can.

While I agree the translation to the automobile is going to be tough, I don't think we need to look at cold fusion as the savior there. That is where improve battery technology is going to come into play that allows for fast charge ups and the improvement of distance and performance. If we can get the travel distance range on batteries up to 500 miles, it would be huge. Couple this with the developments towards build in wireless recharging and you remove the need for a lot of gas powered vehicles. Of course the cost deployment becomes an issue, which is why the work needs to go into extend the range of battery powered vehicles first. Then utilize the wireless charging tech on interstates initially - especially in stretches between cities where there isn't much.

This would probably translate into most interstates becoming toll roads, but you are essentially just shifting the revenue stream from gasoline taxes to tolls to pay for electricity being used. So at the end of the day we are transitioned to a system of where you are paying for what you use. Of course this means that local streets and non-powered highways would need a different source of funding. Though I'm sure something could be worked out that makes sense.

ou48A
04-30-2013, 01:32 PM
Then the Republicans should quite cutting state income taxes, so more money will be available for education into the future.

That’s the wrong way too look at it. We should grow our incomes so we can pay more taxes.

But to do that we would need to do things like reform workers comp, root out wasteful state spending and there is still a lot of that and provide greater incentives for high end jobs.

ou48A
04-30-2013, 01:46 PM
But but but...they gotta get re-elected! Who cares if they dig us into a deeper down the road when they are out of office. They already collected all the kickbacks from special interest and are well retired by then. :)

For many decades this state was dominated by democrats. Our state resedents were tired of being poor, it was time for a change so the state finally passed term limits mostly because of years of DEM corruption and lack of self-policing. Even most normal democrats were discussed by the Gean Stipes of our state.
I’m sure it’s not perfect but our states government is less corrupt now than it’s ever been in the States modern history.

venture
04-30-2013, 02:09 PM
For many decades this state was dominated by democrats. Our state resedents were tired of being poor, it was time for a change so the state finally passed term limits mostly because of years of DEM corruption and lack of self-policing. Even most normal democrats were discussed by the Gean Stipes of our state.
I’m sure it’s not perfect but our states government is less corrupt now than it’s ever been in the States modern history.

I'm glad you completely disregarded the rest of the post and focused on the tongue-in-cheek remark at the start. Let's get away from the politics and discuss the energy alternatives.

ou48A
04-30-2013, 02:16 PM
I'm glad you completely disregarded the rest of the post and focused on the tongue-in-cheek remark at the start. Let's get away from the politics and discuss the energy alternatives.


Then tell that to bunty too!

venture
04-30-2013, 02:39 PM
Then tell that to bunty too!

He hasn't spent nearly as much time as you have so far in this thread. Agreed, Bunty should have stayed on topic too. Yet his was one post, one line...you've gone above and beyond that. Anyways. You are normally on top of any energy discussion, especially if it impacts your beloved Oil and Gas friends, so would really like to see your thoughts on the recent posts.

ou48A
04-30-2013, 03:23 PM
. You are normally on top of any energy discussion, especially if it impacts your beloved Oil and Gas friends, so would really like to see your thoughts on the recent posts.

I have long known that high oil prices cause serious economic problems. Unless you want bad thing for our nation high energy prices doesn’t make any economic common sense what so ever.…. Since high energy prices lowers our standards of living anyone wanting high energy prices is extremely stupid, particularly since we still import much of our transportation fuel adding to our national trade deficit.



Please consider and then remember what this economist says.

“This is University of California, San Diego, economist James Hamilton noted in a recent study that 10 out of 11 post-World War II recessions in the United States were preceded by a sharp increase in the price of crude petroleum. The only exception was the mild recession of 1960-61 for which there was no preceding rise in oil prices”


Oil Price Shocks and the Recession of 2011? - Reason.com (http://reason.com/archives/2011/03/08/oil-price-shocks-and-the-reces).

The price of oil and to a lesser extent other energy’s controls the world’s economic well-being. We must know that and remember that in making our decisions. But we also must remember that for now nothing can replace crude oil and NG based on affordability and scale.

If and when some cheap abundant energy source comes along that can be used to fuel vehicles I’m all for it, even if it displaces oil products and NG liquids. Why ,because just like other energy advancements of the past it will advance the health and well-being of man…. That’s called prosperity in my book.

This is where I hope the new GE center working with OU can make a real deference. We have a huge opportunity before us and unlike anything we have ever seen in our state before.

I will invest accordingly regardless of how it impacts my Oil & NG friend. But sleep well, I’m sure many of them will too since they are in the business of energy.

venture
04-30-2013, 04:15 PM
I have long known that high oil prices cause serious economic problems. Unless you want bad thing for our nation high energy prices doesn’t make any economic common sense what so ever.…. Since high energy prices lowers our standards of living anyone wanting high energy prices is extremely stupid, particularly since we still import much of our transportation fuel adding to our national trade deficit.



Please consider and then remember what this economist says.

“This is University of California, San Diego, economist James Hamilton noted in a recent study that 10 out of 11 post-World War II recessions in the United States were preceded by a sharp increase in the price of crude petroleum. The only exception was the mild recession of 1960-61 for which there was no preceding rise in oil prices”


Oil Price Shocks and the Recession of 2011? - Reason.com (http://reason.com/archives/2011/03/08/oil-price-shocks-and-the-reces).

The price of oil and to a lesser extent other energy’s controls the world’s economic well-being. We must know that and remember that in making our decisions. But we also must remember that for now nothing can replace crude oil and NG based on affordability and scale.

If and when some cheap abundant energy source comes along that can be used to fuel vehicles I’m all for it, even if it displaces oil products and NG liquids. Why ,because just like other energy advancements of the past it will advance the health and well-being of man…. That’s called prosperity in my book.

This is where I hope the new GE center working with OU can make a real deference. We have a huge opportunity before us and unlike anything we have ever seen in our state before.

I will invest accordingly regardless of how it impacts my Oil & NG friend. But sleep well, I’m sure many of them will too since they are in the business of energy.

But wasn't NG suppose the new vast, cheap energy source that we suddenly had tons of? Then when the prices started dropping too low, due to too much production, the companies scaled back to get prices to go back up. So I don't really get the defense of the Oil and Gas industry when they are more than capable of brings prices down, but they choose not to. I don't even want to touch on energy independence, but that come into play here as well. We could be that way today if we really wanted to, but we export so much that it's not going to happen.

Of course the Oil and Gas folks will sleep well tonight - record profits tend to do that. :)

Now how about commenting on the possibilities of fusion and better battery technology, like I had mentioned, as a way to get costs back down. That would be a good thing wouldn't it? Eliminate a lot of the smaller cars and trucks, at least, from using CNG or Oil products and that would raise the supply available and logically lower prices for the larger vehicles (trains, trucks, etc). So shouldn't we be full steam ahead to eliminate the use of gasoline in vehicles to reduce the demand on that portion of the energy sector?

ou48A
04-30-2013, 05:03 PM
But wasn't NG suppose the new vast, cheap energy source that we suddenly had tons of? Then when the prices started dropping too low, due to too much production, the companies scaled back to get prices to go back up. So I don't really get the defense of the Oil and Gas industry when they are more than capable of brings prices down, but they choose not to. I don't even want to touch on energy independence, but that come into play here as well. We could be that way today if we really wanted to, but we export so much that it's not going to happen.

Of course the Oil and Gas folks will sleep well tonight - record profits tend to do that. :)

Now how about commenting on the possibilities of fusion and better battery technology, like I had mentioned, as a way to get costs back down. That would be a good thing wouldn't it? Eliminate a lot of the smaller cars and trucks, at least, from using CNG or Oil products and that would raise the supply available and logically lower prices for the larger vehicles (trains, trucks, etc). So shouldn't we be full steam ahead to eliminate the use of gasoline in vehicles to reduce the demand on that portion of the energy sector?

They didn’t directly scale back to get prices back up, they scaled back because they were losing money. Wouldn’t you stop doing something if you were loosing your rear end on it….?

If you or anyone else thinks that all the oil and gas companies have record profits then you simply don’t know very much about the industry. Besides it’s about profit margin anyway. Even in their best years most of the big major integrated oil & NG Co. don’t have profit margins that are out of line with other industries. There are other large companies who have higher profit margins.

NG is still cheap and we have lot of it that we could use for transportation… If this White House and congress could ever work together on this issue NG could start making a bigger difference in transportation... but NG was never going to be a full replacement for gasoline, but it can still help.

In the big picture the price of cude oil still controlled by OPEC and there production quota system and not the oil corporations. Saudi Arabia is the only country with significant spare capacity. The USA has huge oil & NG reserves that our government has put off limits. So if you want energy independence and lower than other wise prices, there it is.

In the next few months there will huge amounts of new oil production becoming available on the world markets. In addition the USA will grow its production by much smaller amounts.

But we don’t export any crude oil except for Alaskan crude due to cost considerations.

Snowman
04-30-2013, 07:54 PM
“This is University of California, San Diego, economist James Hamilton noted in a recent study that 10 out of 11 post-World War II recessions in the United States were preceded by a sharp increase in the price of crude petroleum. The only exception was the mild recession of 1960-61 for which there was no preceding rise in oil prices”

One issues have with this statement is that the housing bubble had far more to do with the packaging of toxic assets into what had been previously been though to be safe loans, I do not doubt that oil prices were leading it's crash. Was the dot com bubble included in this as well?

It is one thing to say there are links but correlation does not equal causation, especially in something that has a general trend up due to demand and spikes by things like wars or other items.

zookeeper
04-30-2013, 09:34 PM
They didn’t directly scale back to get prices back up, they scaled back because they were losing money. Wouldn’t you stop doing something if you were loosing your rear end on it….?

If you or anyone else thinks that all the oil and gas companies have record profits then you simply don’t know very much about the industry. Besides it’s about profit margin anyway. Even in their best years most of the big major integrated oil & NG Co. don’t have profit margins that are out of line with other industries. There are other large companies who have higher profit margins.

NG is still cheap and we have lot of it that we could use for transportation… If this White House and congress could ever work together on this issue NG could start making a bigger difference in transportation... but NG was never going to be a full replacement for gasoline, but it can still help.

In the big picture the price of cude oil still controlled by OPEC and there production quota system and not the oil corporations. Saudi Arabia is the only country with significant spare capacity. The USA has huge oil & NG reserves that our government has put off limits. So if you want energy independence and lower than other wise prices, there it is.

In the next few months there will huge amounts of new oil production becoming available on the world markets. In addition the USA will grow its production by much smaller amounts.

But we don’t export any crude oil except for Alaskan crude due to cost considerations.
Damn right. And for good reasons too, some people actually care about our one and only planet.

ou48A
04-30-2013, 09:45 PM
Damn right. And for good reasons too, some people actually care about our one and only planet.

It’s ridiculously stupid and short sighted to be poorer than you need to be!

Poor people in poor societies have always cared less about how and what they pollute.
Poor societies don’t solve problems, like our energy problem.

The actions of our Government have made people poorer and the USA has the largest energy reserves of energy of any nation on earth. We will probably be the very last to run out.

ou48A
04-30-2013, 10:19 PM
One issues have with this statement is that the housing bubble had far more to do with the packaging of toxic assets into what had been previously been though to be safe loans, I do not doubt that oil prices were leading it's crash. Was the dot com bubble included in this as well?

It is one thing to say there are links but correlation does not equal causation, especially in something that has a general trend up due to demand and spikes by things like wars or other items.

In 1999 the average crude oil price was $16.56
In 2000 the average crude oil price was $27.39
This represents a tremendous percentage crude increase in one years’ time.
The dot com bubble popped in part because consumers had less disposable income due to higher gasoline / energy prices.


I was on a live by inventation only conference call last week where the chief analyzed said that for every 10 cent decline in the price of gasoline that it directly puts one billion dollars into the hands of consumers every 2 weeks. Think what a dollar does in either direction in a years’ time.


In 2007 the average price for crude oil was $64.20
In 2008 the average price for crude oil was $91.48.
This is also a very big percentage increase that caused consumers to have a lower ability to pay back loans. Granted there were other problems with the economy but most of the crude oil price increases happened well before the housing bubble popped.

In 2009 the average price for Crude oil was $53.48
So far in 2013 (Partial) the average price for crude oil has been $87.13.
It should not be surprising that we are seeing signs of a slowing world and national economy.

I have seen this work pretty much like clockwork too many times. There are variables involved but it can clearly and easily be seen that rising oil prices causes harm to the economy and that anything that causes crude to go higher doesn’t help the national or world economy.
Responsible policies can make a pretty big difference in the real price of crude.


Historical Oil Prices: InflationData.com (http://inflationdata.com/Inflation/Inflation_Rate/Historical_Oil_Prices_Table.asp)

ou48A
05-01-2013, 07:56 AM
What exactly makes us poor right now? We have the cheapest oil in the world.

That’s not even remotely true…. Unfortunately.

ou48A
05-01-2013, 08:52 AM
Comparatively. If you look at the nations with lower oil and gasoline, you can't really make the comparison.

I guess I taking a look at how big of nation we are, more developed, regulations, etc. I've been to Kuwait. You can walk across that country in an afternoon. It hardly costs much to get oil out of the ground and put in the pump compared to what we have to do here. When you factor all of that, we're doing just fine IMHO.

The notion that we should quickly drill everything we've got to lower prices makes very little sense to me. Remember when Oklahoma was completely covered in wells? A few people did really well but how exactly did the rest of the state benefit beyond a couple generations? It was a flash in the pan.

No, responsible energy policy is exactly what we need. Keep drilling enough to keep things from getting silly expensive, but keep pressure on finding and building alternatives. If we do that, people from 100 years from now will benefit far far more than if we did the alternative.

If we continue to drill our domestic reserves at current rates it’s still going to take 20, 30, 40, 50 years with current methods to infill just the known locations. Then there are the areas that are currently off limits because of government controls that the American public will eventually demand be produced. Then we still have gigantic deposit of oil shale that are currently unprofitable but are the largest reserves of oil in the world. This shouldn’t be look at as a flash in the pan, but prices will make it look that way at times when they decline by large amounts.

The cheapest oil that I know of in large amounts is in Saudi Arabia where the last I knew cost about $6 a barrel to produce. Much of our new oil production cost in the $ 60 range to produce. They are actually using a lot more oil in parts of the Middle East to manufacture value added products.

It would be nice if the industry is able to” keep drilling enough to keep things from getting silly expensive” but just as in the past future prices will determine drilling rates.

I’m all for the building of alternatives, just as long as they are cost competitive. But thus far except for NG with its limits, we really haven’t seen a practical alternative to gasoline in the US market.

venture
05-01-2013, 09:13 AM
I’m all for the building of alternatives, just as long as they are cost competitive. But thus far except for NG with its limits, we really haven’t seen a practical alternative to gasoline in the US market.

That's what continued research, like fusion, need to continue at full steam with max amount of funding and intellectual power. Solar, wind, hydro, and nuclear fission also need to keep getting investments to further their development. Oil is really just the band-aid at this point getting us by until we can cut the cord. NG has promises of being a good replacement for oil when it comes to vehicle fuel, but we really haven't see a major push to get mass amounts of cars converted over. The technology is there, CNG is cheaper, why aren't we mass converting (or just outright having all new builds as CNG instead of gas/diesel) today? Yes there is a lot of infrastructure that would need to be built out, but we have the ability to go independent from middle east oil today if we really wanted.

The AFFORDABLE oil will eventually be gone. Granted most (if not all) of the people who are the biggest supporters of Oil will be long dead by the time it becomes an issue. I'll just chalk this up to another example of kicking the can down the road and let the next couple generations worry about it.

BoulderSooner
05-01-2013, 09:33 AM
we have enough oil to last for well more than 100 years ..

ou48A
05-01-2013, 09:43 AM
If you pretend that no one in the world will have kids.


Even with kids, BoulderSooner is very correct and then some.
The world will run out of food before it runs out of crude oil.

venture
05-01-2013, 09:53 AM
we have enough oil to last for well more than 100 years ..

Even with kids, BoulderSooner is very correct and then some.
The world will run out of food before it runs out of crude oil.

Perfect example of "we'll be dead, who cares?"

ou48A
05-01-2013, 09:56 AM
That's what continued research, like fusion, need to continue at full steam with max amount of funding and intellectual power. Solar, wind, hydro, and nuclear fission also need to keep getting investments to further their development. Oil is really just the band-aid at this point getting us by until we can cut the cord. NG has promises of being a good replacement for oil when it comes to vehicle fuel, but we really haven't see a major push to get mass amounts of cars converted over. The technology is there, CNG is cheaper, why aren't we mass converting (or just outright having all new builds as CNG instead of gas/diesel) today? Yes there is a lot of infrastructure that would need to be built out, but we have the ability to go independent from middle east oil today if we really wanted.

The AFFORDABLE oil will eventually be gone. Granted most (if not all) of the people who are the biggest supporters of Oil will be long dead by the time it becomes an issue. I'll just chalk this up to another example of kicking the can down the road and let the next couple generations worry about it.


Research needs to continue but we shouldn’t be wasting money on alternatives just for the sake of spending money like we did with the solar companies. Virtually all of the current alternatives cost more per unit of energy than do fossil fuels.
Oil is a “Band-Aid” that has served mankind well for over 100 years and will continue to be the band aid for a very long time in our future.
It should be noted that even in the 1910’s there were predictions that man was going to run out of oil by the late 1920’s. We have heard this repeated over and over.
These dire predictions rarely take into account new discoverers and new methods of production that with research are sure to come.
Hydrocarbon research has already bought us plenty of time to find the right alternatives.

BoulderSooner
05-01-2013, 09:56 AM
If you pretend that no one in the world will have kids.

the reality is we likely have enough fossil fuels for a 1000+ years ..

ou48A
05-01-2013, 09:58 AM
Perfect example of "we'll be dead, who cares?"

That’s not true.
Its 2 examples of people who are educated enough about the topic to not fall for the fear that some sell.

BrettM2
05-01-2013, 10:16 AM
the reality is we likely have enough fossil fuels for a 1000+ years ..

What kind of data do you have that supports this statement? You make a lot of one-or-two line statements and very rarely provide anything to support it. I'd just like to see what you have that backs up the kind of claim I've never seen before.

venture
05-01-2013, 10:30 AM
That’s not true.
Its 2 examples of people who are educated enough about the topic to not fall for the fear that some sell.

Unless the source of the education was as biased as the EnergyTomorrow.org commercials. :)


Research needs to continue but we shouldn’t be wasting money on alternatives just for the sake of spending money like we did with the solar companies. Virtually all of the current alternatives cost more per unit of energy than do fossil fuels.
Oil is a “Band-Aid” that has served mankind well for over 100 years and will continue to be the band aid for a very long time in our future.
It should be noted that even in the 1910’s there were predictions that man was going to run out of oil by the late 1920’s. We have heard this repeated over and over.
These dire predictions rarely take into account new discoverers and new methods of production that with research are sure to come.
Hydrocarbon research has already bought us plenty of time to find the right alternatives.

I agree that many shouldn't be wasted, but who are we to judge what is a waste. Would you consider the research dollars being pumped into Fusion research to be a waste?

Any alternative is going to cost more initially until it is in mass production and widely accepted. The gas engine obviously costed more than the horse and buggy back in the day. :) I would imagine CNG and hybrids will drop in cost as they are more widely produced.

I think there is more of an underlying theme of those who are very set in the ways of the industrial age and don't want to advance away from it, and those that are always looking for the next best thing to get us closer to that "futuristic" life visionaries have been dreaming of since the 1950s. The drive to continue to improve our lives, make that next great break through, is definitely not shared by those that want to continue on the same path because "it's worked well for 100 years."

At some point we need to break the oil addiction or divide it equally with other forms of energy. Sure, let's use it the best way possible for the access we have to it now. However, there are going to have to be limits on how far we go considering the impacts that can happen when taking something out of the ground. Imagine if it was sent down in the industry that all passenger vehicles had to be CNG completely by 2020. That would do wonders for breaking a huge reliance on oil. If we have the large amounts of NG here, why aren't we pushing for that? It seems that it would make more sense than importing foreign oil.

ou48A
05-01-2013, 10:39 AM
Unless the source of the education was as biased as the EnergyTomorrow.org commercials. :)



I agree that many shouldn't be wasted, but who are we to judge what is a waste. Would you consider the research dollars being pumped into Fusion research to be a waste?

Any alternative is going to cost more initially until it is in mass production and widely accepted. The gas engine obviously costed more than the horse and buggy back in the day. :) I would imagine CNG and hybrids will drop in cost as they are more widely produced.

I think there is more of an underlying theme of those who are very set in the ways of the industrial age and don't want to advance away from it, and those that are always looking for the next best thing to get us closer to that "futuristic" life visionaries have been dreaming of since the 1950s. The drive to continue to improve our lives, make that next great break through, is definitely not shared by those that want to continue on the same path because "it's worked well for 100 years."

At some point we need to break the oil addiction or divide it equally with other forms of energy. Sure, let's use it the best way possible for the access we have to it now. However, there are going to have to be limits on how far we go considering the impacts that can happen when taking something out of the ground. Imagine if it was sent down in the industry that all passenger vehicles had to be CNG completely by 2020. That would do wonders for breaking a huge reliance on oil. If we have the large amounts of NG here, why aren't we pushing for that? It seems that it would make more sense than importing foreign oil.


Believe me; I am always looking for the next best thing what ever it is.
That’s where the money is and an improvement in life.

We can dream all we want but there are still very hard limits to what is and isn’t practical.

BoulderSooner
05-01-2013, 10:46 AM
What kind of data do you have that supports this statement? You make a lot of one-or-two line statements and very rarely provide anything to support it. I'd just like to see what you have that backs up the kind of claim I've never seen before.

this only talks about oil ... but .... Why the world isn't running out of oil - Telegraph (http://www.telegraph.co.uk/earth/energy/oil/9867659/Why-the-world-isnt-running-out-of-oil.html)

venture
05-01-2013, 01:06 PM
Believe me; I am always looking for the next best thing what ever it is.
That’s where the money is and an improvement in life.

We can dream all we want but there are still very hard limits to what is and isn’t practical.

Eh. I tend to thing claiming something isn't practical is just an excuse to be lazy and put in the hard work. We've gone completely off topic since this was about Fusion power, but even the notion that we can have fusion power within the lifetime of most of us here (those of you in the older generation will be cutting it close) would have been impractical not that long ago. It just comes down to how much drive and hard work people are wanting to do.

The impacts of finally nailing fusion power would be huge. Not only here on Earth, but it would make long distance space travel so much easier.

ou48A
05-01-2013, 01:26 PM
Eh. I tend to thing claiming something isn't practical is just an excuse to be lazy and put in the hard work. We've gone completely off topic since this was about Fusion power, but even the notion that we can have fusion power within the lifetime of most of us here (those of you in the older generation will be cutting it close) would have been impractical not that long ago. It just comes down to how much drive and hard work people are wanting to do.

The impacts of finally nailing fusion power would be huge. Not only here on Earth, but it would make long distance space travel so much easier.

Our huge USA reserves of energy buys plenty of time to methodically and responsibly attack our long term energy problems beyond fossil fuels.

In the meantime let’s not kill the prosperity that it takes to invest in future research.
Making our energy cost more now harms the prosperity that we need for futuer investments.

Plutonic Panda
05-01-2013, 04:44 PM
Perfect example of "we'll be dead, who cares?"Exactly, forget the Earth and our future generation, let's just follow this logic, "ahh don't worry about(said in an Italian voice lol), we'll have enough for another 100 years". ME I think the best time to conserve is now. There are so many ways too save electricity and oil, it just cost money and people aren't willing to do it and/or don't care. It isn't always necessarily their fault, I can understand if someone can't wake up, grab a few thousand dollars and replace every light in their house with an LED. But, there is so much energy saving tech out there that until we get something like Nuclear Fusion, we should act like it isn't coming and try and conserve our finite resources. Nuclear Fusion will be here. . . . . eventually, just like anti matter ;)

Stew
05-01-2013, 04:50 PM
we have enough oil to last for well more than 100 years ..

Well, that's a relief.

zookeeper
05-01-2013, 07:05 PM
we have enough oil to last for well more than 100 years ..

These two say GEE THANKS - it obviously makes them a bit nervous.

http://i.imgur.com/R8p4Y5e.jpg

http://i.imgur.com/jsyzBV6.jpg

ou48A
05-01-2013, 07:25 PM
Exactly, forget the Earth and our future generation, let's just follow this logic, "ahh don't worry about(said in an Italian voice lol), we'll have enough for another 100 years". ME I think the best time to conserve is now. There are so many ways too save electricity and oil, it just cost money and people aren't willing to do it and/or don't care. It isn't always necessarily their fault, I can understand if someone can't wake up, grab a few thousand dollars and replace every light in their house with an LED. But, there is so much energy saving tech out there that until we get something like Nuclear Fusion, we should act like it isn't coming and try and conserve our finite resources. Nuclear Fusion will be here. . . . . eventually, just like anti matter ;)

Nobody is even close to saying anything like don’t look for energy solutions.
Nobody is even close to saying that we shouldn’t “conserve our finite resources”….

But that doesn’t mean that we shouldn’t use what we have when it’s still reasonably cheap and abundant and in ways that advance mankind. But that’s what some extremist want!

ou48A
05-01-2013, 07:26 PM
These two say GEE THANKS - it obviously makes them a bit nervous.

http://i.imgur.com/R8p4Y5e.jpg

http://i.imgur.com/jsyzBV6.jpg


Panic much?