An interesting take on future oil prices..up,up and away

[RDMcG]

Here is a view from the Chief Economist of one of the Canadian Banks..(who did not get killed in the meltdown)


http://www.theglobeandmail.com/blogs/jeff-rubins-s...

[bakerjuk]

RDMcG said:

Here is a view from the Chief Economist of one of the Canadian Banks..(who did not get killed in the meltdown)


http://www.theglobeandmail.com/blogs/jeff-rubins-s...

We all have been told oil is running out, I remember being told in a physics class in 1994 that we would run out of oil in 20 years. That doesnt look like its going to happen.

What is Scary is that the Candian oil costs over $100 per barrel to produce which is way more than it costs now.. They only started to look into last year when the prices rose, so now they are trying to inflate the prices to bolster cash to pay for the extraction.

I am more interested in electric cars and Sapphire Energies Algae oil production which is most probably the future.

[Tangent Police]

http://en.wikipedia.org/wiki/Hirsch_report

Wiki summary. Read.

Alarmist st aside, the future for coal derivatives in the UK are fking rosy.

Makes you wonder about the whole Maggie vs Miners, cheap oil and whilst it all runs out, the coal is still there.

Would be good if we weren't in the EU, we could hold them to ramsom for it

[rs1952]

bakerjuk said:

We all have been told oil is running out, I remember being told in a physics class in 1994 that we would run out of oil in 20 years.

It was 1968 when I was told the same thing