[ROVERNET - UK] Fuel costs and fuel supply
vmitps at netspace.net.au
Sat Mar 29 21:39:28 GMT 2008
The head of Shell rides a bicycle.
The head of BP rides a bicycle.
They both know the reality.
It is a fiction that economists believe (because they don't know facts!)
that oil will go down again.
We have hit peak oil, which is the maximum ground extraction rate.
The demand curve keeps rising, largely due to China and India wanting to be
like the West.
So the price Will keep rising. My estimate is $10/litre by 2013, based on
what I have seen with electricity markets over the past 5 years.
Western economies rely on oil.
Hydrogen power for mobile energy desire is a myth - where is the hydrogen?
The channels to manufacture, distribute, store it do not exist. The
manufacture of it would require energy input that does not exist.
Get used to high prices.
Ride a bicycle, for your wallet and the planet.
PVS, who does more kms on bike than in car each year.
----- Original Message -----
From: "Eric Russell" <p6rovers at yahoo.com>
To: <rovernet at lyris.ccdata.com>
Sent: Sunday, March 30, 2008 7:55 AM
Subject: [ROVERNET - UK] Fuel costs and fuel supply
> On the West Coast, it's about CDN$1.21 Litre for the
> lowest octane. That's about US$4.84 per U.S. gallon.
> I don't think the prices will go lower unless as a
> short spike downwards. I saw an interesting
> discussion on U.S. public TV the other night. Charlie
> Rose's guest was the North American President of Shell
> Oil (soon to retire). There are oil reserves around
> North America, both on the mainland and off shore. If
> there was political will and the environmentalists
> were ignored, the U.S.A. could almost be
> self-sufficient in oil.
> It was also interesting to note that Shell Oil had
> investments in wind power and other non-petroleum
> energy sources.
> This is all to power Rovers, of course.
> --- Steven Dibdin <sdibdin at hotmail.com> wrote:
>> Be good to see you. There again it's $8- gallon back
>> in the UK now. $3- seems cheap in comparison....
> Webmaster of The Rover Car Club of Canada
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