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  • From: Gene GeRue <genegerue AT ruralize.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Oil prices
  • Date: Fri, 19 Oct 2007 07:30:11 -0500


On Oct 19, 2007, at 7:17 AM, Clansgian AT wmconnect.com wrote:


Consider the influence of a consortium of OPEC, Russia, Argentina and
other producers.

Obviously that would do it, for a short while. But it's as with the
suggestion of super-advanced extraction methods, all that does is get the oil out
faster, deplete it faster. At some point we are going to have to address the
problem. Thinks I, propping up our level of consumption is only going to make
matters worse. For example, with the advanced methods of extraction in use today
(soda straw wells, bottle brush wells, water injection, CO2 injection, etc.)
the wells keep up a level of production longer but then suddenly collapse
rather than go into a slow decline.

There is no doubt that due to diminished remaining black gold, oil prices will one day be unbearable. Somewhere on the road to that happening there will be sufficient pain and profit motivation to create, promulgate and implement viable alternatives: conservation, workplace redesign through decreased commuting and increased telecommuting, new technologies in transportation, heating and electric generation. For those of us low on the food chain, that pain will occur faster. The pain of the masses will create motivation for our elected followers to subsidize research. Better, it will create profit motivation for the innovators and entrepreneurs.





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