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Oil at 92.35 a barrel.
#21
I didn't hear anyone laugh. $100 per barrel oil is a sure thing.
Assume the best and ask questions.

Punaweb moderator
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#22
I voted for Mayor Hanneman here on Oahu but that's the last time I'm voting for him. Around 6 months ago I got busted for jaywalking for which I had to pay $70!! Every night on Moanalua you can see the police cars lurking waiting for people to shake down. My tinfoil hat tells me must be the mass transit system they are talking about sucking up all the money.

Also I did ride the hele on bus from Waimea to Hilo couple weeks and it was very nice and it was free!. Look forward to riding it again even if I have to pay which must be the endgame here.

Others want to make friends- I just want to make money.
James Cramer
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#23
quote:
I didn't hear anyone laugh. $100 per barrel oil is a sure thing.



I wasn't talking about Punawebbers specifically. I received my Bachelor of Science Degree in Alternative Energy in 1984 and I have studied this subject for over 30 years.

Many Americans believe that having cheap gas is their God given right for their lifetime and anyone suggesting otherwise has been ridiculed or ignored until now that it is undeniable and hitting their pocketbook.

But the Faux News and Politicians still aren't being honest with the people. We have been riding on an up and down plateau on top of the bell curve of global oil production for the past 22 months and are about to start seeing some very serious consequences for the end of cheap energy. This temporary 'golden age' of oil will be just a short blip on the long timeline of mankind.

http://www.energybulletin.net/36102.html

http://www.energybulletin.net/36458.html

http://www.jameshowardkunstler.typepad.com/

Edited by - Tahunatics on 10/30/2007 09:08:59
Steve & Regina
Hawaiian Acres / North Lake Tahoe

'If you don't know where you're going, any road will get you there' - George Harrison
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#24
When Hwy 130 gets covered, I wll be doing my part not travelign to Hilo often! ha ha ha !!

Seriously - as an alternative to solar panels for heating water - can any one tell me if it is viable to run water lines on your tin roof and have a collection tank that keep it warm? Seaside Bob tells me that then you have to recirculate etc... and it isnt cost or energy saving at all - but there must be some way to use all that heat coming off our roof for energy or heating besides solar panels that do use fuel to produce and ship.

-Cat
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#25
Yeah Tahunatics,

America has had it head in the Saharan sand. Sometimes I wonder if, after all the oil is gone, they will discover it was the lubricant for the tectonic plates and have to reinvent it and pump it back into the earth for the next 150 years.

While I am somewhat confident that alternatives will be found for land transport and ocean transport I wonder what will happen to air transport. Jet engines take a lot of octane.

I suspect future generations will curse us for our greed and short sightedness.

In 1972 I owned a seven passenger vehicle which got 40 mpg. Had a governor on it set for 55 mph. Everyone thought I was nuts ( I know, I know).
Assume the best and ask questions.

Punaweb moderator
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#26
Rob,

Sir Richard Branson, Chairman of Virgin Atlantic is already leading that effort.

http://www.product-reviews.net/2007/10/1...7-in-2008/

http://www.carbonpositive.net/viewarticl...icleID=871

http://www.scenta.co.uk/Engineering/1707...ofuels.htm

http://www.virginfuels.com/

High fuels prices will also mean higher food prices (and everything else in Hawaii) so a smart thing people can do locally if they're not already doing it is to grow some of their own food. Plant a few fruit trees, plant a vegetable garden to help buffer the rising costs of living. This Friday and Saturday Plant-it Hawaii has their semi-annual public sale.

http://www.plantithawaii.com/

Steve

Edited by - Tahunatics on 10/30/2007 10:11:41
Steve & Regina
Hawaiian Acres / North Lake Tahoe

'If you don't know where you're going, any road will get you there' - George Harrison
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#27
I used to work for him in London back in 1970.

Small world.

Assume the best and ask questions.

Punaweb moderator
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#28
What is very nearly as scary is the dollar losing almost 1 percent a month at this rate, as the fed sells out any with a financially responsible streak. I feel like an idiot for not being buried in debt.

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#29
Why is oil the sacred commodity? It's an important part of our lives to be sure, but so is food and good single malt scotch.

All commodities are traded to some degree and/or on some level. When the production of oil exceeds demand, the price will come down. It'll happen. The world seems headed in that direction. The oil companies know this, and they're makin' hay while the sun shines.

I think it's overpriced but I attribute that to hype. It'll come down, or humans will figure out ways to keep from buying it. In the meantime, because it's obvious none of us solitarily have the ability to beat them, why not join them? "Sacrilege" you say. I say not. Oil company stocks are some of the hottest on the planet. I combined that fact with the advantage of an emerging international economy and bought a mutual fund in China with heavy exposure to perto-chemicals. I fully expect to see 160% return this year.

I know that other than my own personal efforts to save and conserve fossil fuel and look for alternatives (I take this responsibility very seriously), anything I personally do is going to have little to no impact with the oil companies nor the cost of a gallon of fuel. If you're as tired as I was of complaining about the pump price, you can change the lyric to cha-ching.



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#30
If you buy stocks in companies that you disagree with their way of doing business-you are selling out. I will never buy stock in an oil company. Record profits and they refuse to convert to renewable energy?! It would be easy to do so (as far as the resources they have at their disposal) and they would still make a profit-and be ahead of their competitor stuck in the stone ages and IMPROVING OUR PLANET'S POLLUTION LEVELS. However, they would rather "stay the course" (where have we heard that phrase before? Oh, I remember-their buddy Too Stupid to Chew a Pretzel)


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