Check out this link to a map of the world according to where the oil is.
http://www.energybulletin.net/37329.html
Saturday, May 24, 2008
Crude hits $135
I believe that crude oil will hit $200 by the end of the year.
No matter what the effects on economies, demand will, in my opinion, remain strong.
It is a vital fluid and people will pay what is required to use as much as they need.
Some alternative energies will prove more realistic than others. It now appears that corn ethanol takes more energy to produce than it does once burnt.
Will solar and wind energy also provide too expensive. I think not. I believe that both of these types of energy will be financial viable and produce more energy than they consume.
No matter what the effects on economies, demand will, in my opinion, remain strong.
It is a vital fluid and people will pay what is required to use as much as they need.
Some alternative energies will prove more realistic than others. It now appears that corn ethanol takes more energy to produce than it does once burnt.
Will solar and wind energy also provide too expensive. I think not. I believe that both of these types of energy will be financial viable and produce more energy than they consume.
Monday, May 5, 2008
Oil could hit $300 says Matthew Simmons
Matthew Simmons recently suggested that oil could easily hit $300 a barrel and suggests that "liberating the workforce" from commuting could do a lot to lower demand for oil.
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