Re: OT-Fed Up!!!

Posted by TimS on July 08, 2005 at 08:44:30 from (204.167.177.68):

In Reply to: Re: OT-Fed Up!!! posted by Illinois Boy on July 08, 2005 at 08:04:41:

You can sum up the reason for the high oil prices in one word:

China

China's economy is starting to boom along with a massive growth in their industrial sector. There was a huge shortage of electrical power for this growth, so a lot of oil powered power plants were built to provide electricity to the new factories, etc. So large amounts of oil that used to be available to everyone else are now going to China to fuel these power plants, trucks, trains, etc.

I don't really feel it is a political discussion, just a supply and demand one. Our government can't do much to change the fact that more folks are wanting oil now then before, due to that the cost of oil will rise and likely keep rising. It recently hit 60 dollars a barrel for crude, that is a new record.

What I keep hoping for is a fuel cell or somesuch technological break thru to relieve our dependence on oil period.

I was in Baghdad, Iraq for 7 months with my national guard unit so with that in mind my feelings are such that if we didn't have such a huge dependence on oil, we wouldn't have to worry so much about the middle east's stability.
But with our huge dependence on middle eastern oil, we don't have a choice but to maintain stability there.

New technology will help us get away from oil use eventually, also as the price of oil goes up more domestic wells will be redrilled and will be profitable to use again I think.

( Oops, I ended up in politics again, sorry. )

Follow Ups:

• Re: OT-Fed Up!!! paul up at the lake 12:17:09 07/08/05 (0)
• Re: OT-Fed Up!!! Matt from CT 11:39:38 07/08/05 (0)
• Re: OT-Fed Up!!! Ken Macfarlane 09:07:52 07/08/05 (4)
  • Re: OT-Fed Up!!! paul up at the lake 12:19:59 07/08/05 (0)
  • Re: OT-Fed Up!!! Lou 11:58:28 07/08/05 (2)
    • Re: OT-Fed Up!!! Jerry Cent. Mi. 15:32:28 07/08/05 (1)
      • Re: OT-Fed Up!!! Ol Chief 04:01:48 07/09/05 (0)

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