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 Post subject: Re: Pickens: $100 oil a year from now
New postPosted: Thu Nov 20, 2008 10:38 am 
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Fusion
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Joined: Fri May 13, 2005 12:00 am
Posts: 3827
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seahorse wrote:
Ultimately, we must not only conserve, we have to transition to something else. That takes money. Money we don't have. Everyone is going broke at a time when we need money, credit, just to find and drill more oil to run in place.

I agree with Roscoe Bartlett on this, money is not the problem. We just borrow it, make it up, whatever. The first problem is recognizing the need to transition.

I also agree with AP - it's not rocket science. It's just that very few communities are doing anything along the line of what would be required.


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 Post subject: Re: Pickens: $100 oil a year from now
New postPosted: Thu Nov 20, 2008 11:44 am 
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Quote:
I agree with Roscoe Bartlett on this, money is not the problem. We just borrow it, make it up, whatever. The first problem is recognizing the need to transition.

Well, at its core, it takes "energy" to transition to do anything (there is a good argument that money is in fact "energy"). How we allocate any resource is with a means of exchange which we call "money." As your above post shows, it does take money, bc in your own post you state "we just borrow it, make it up, whatever." That's not as easy as it sounds, otherwise, countries like Zimbabwe would not be struggling. Anyone who believes Africa's economic woes are confined to Africa suffer from extreme ethnocentricity.

I earlier made a post that "slave labor" cannot solve the problem that we need to drill and find oil to just stand still on global oil production. The problem is, we don't have the money to do it. Everyone is broke bc of this recession which could grow into a depression. This is a bad time to be broke, for it takes a lot of money to drill and produce oil. Unfortunatly, we can no longer rely on human labor to dig our way out of this problem, for the simple reason that human beings cannot mine oil out of the bottom of the Gulf and in the freezing hard to reach places in Alaska and Russian. It takes a lot of machines search for, drill and produce the oil in all these hard to reach places. Those machines take oil, oil to build and operate. There was a time when human labor could solve the world's economic woes, but not this time around. Unfortunately, it seems we have painted ourselves into a corner.


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