gnm wrote:Patience, why not a diesel tractor and oil press (and plant some oil crops) - Don't have to feed it in the winter!
-G
Alfred Tennyson wrote:We are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
BigTex wrote:Anyone buy any USO today?
I bought a little under $35.
As long as we are under the production cost of many non-OPEC projects, I don't know how long we can stay in this price range.
Even though OPEC's production costs are much lower, I think that the amount of money they need per barrel to stay in power might as well be their production costs.
This is an exceptionally strange time. Gold is surging and oil has collapsed. I'm certain no one would have believed we would be here six months ago.
Production cost is what I keep thinking about. I can see us going to $25 per barrel, but I think we will stay there about as long as we stayed above $145.
I may be wrong about current prices being cheap, but buying USO right now seems like a pretty safe bet if you've got a year or two to wait until the market rights itself.
TheDude wrote:The early 80s decline in consumption can be in part chalked up to fuel switching from petroleum to NG in electrical generation.
ki11ercane wrote: With current production estimated at 86.18 million barrels a day, a full 9% in decline is 33.42 days annually.
dohboi wrote:"Only a few months ago, manufacturers couldn't build enough hybrids to satisfy demand in the United States. But by November, sales of hybrids had plummeted by 50 percent - even more than the 37 percent drop in overall auto sales in the past year, Autodata Corp. reported. Toyota announced this week that it was indefinitely postponing completion of a Prius assembly plant in Blue Springs, Miss."
Is there some other "alternative energy vehicle" you were thinking of? Or is it your general habit to make claims without any support in fact?
Not according to the EPA:MonteQuest wrote:While autos did become more efficient, gasoline consumption actually went up.
dohboi wrote:In the report itself,
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