Moving away from oil could affect investment in oil, warns oil 4

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1. 

   human power Posted 3:16 pm
   11 Feb 2009

   All UpsideGee, how's a totalitarian going to make a living when his best customers stop using his death-causing product?

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2. 

   amazingdrx Posted 4:39 pm
   11 Feb 2009

   If demand dropsThen presently available supply will suffice.  More investment in new supply would be unecessary.
   On the other hand if they want to kill alternatives that will drop demand, like plugin hybrids, it would be best for them to invest in order to increase supply and keep prices low.
   If we the oil consuming nations imposed gradual incremental demand reduction, we would take control, then reasoning with oil producing countries to invest in renewables to replace their oil revenues might actually work.
   The Saudis claim this is what they want, to sell solar electricity as their oil revenue runs out.
   The effective business partnership would consist of their capital and our know how in renewable energy manufacturing.  It's the only way out for pusher and user...end the oil addiction death spiral.
   
   http://amazngdrx.blogharbor.com/blog John Schneider, Northern Wisconsin

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3. 

   Pangolin Posted 5:23 pm
   11 Feb 2009

   Eat Hot Sand Suckah!!It should be noted that demand, rather than dropping, was destroyed by excessive profit-taking by the oil sector. Prices in August 2008 were so high that functional enterprises that consumed oil as a feed stock were irrevocably destroyed, their assets sold off, and skilled working teams scattered. The financial disaster that was linked to the rise in oil prices makes speculative investment to rebuild these enterprises quickly unlikely.
   At the same time demand was destroyed the ability to produce goods to trade for oil, most notably grains, has been damaged also. The agricultural sector of the global economy was particularly dependent upon oil as a feedstock for pesticides and herbicides as well as requiring large amounts of oil to fuel farm equipment, water pumps, grain trucks, railroads, and shipping.
   Farmers I know are racing to replace diesel pumps with electric pumps and solar panels or wind turbines to balance electric bills. Farmers everywhere are looking for whatever alternatives to diesel powered equipment they can find. Another growing season of high fuel prices followed by a crash in grain prices will bankrupt the farm economy.
   (In an ironic twist the BBC is discussing layoffs at Caterpiller Heavy Equipment plants as I write this.)
   I foresee a future where oil producing nations are charging more for their declining oil stocks but receiving less goods in exchange due to those very same high prices forcing farmers to convert to other means of production. Saudi Arabia should be prepared to eat hot sand because nobody is going to take defunct commercial paper in exchange for grains, meats, fruits and vegetables. They will trade oil for food and they are going to feel the squeeze on food that the world markets are willing to spare from internal needs.
   
   Put the Carbon Back

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4. 

   TimJFowler Posted 3:45 am
   12 Feb 2009

   No, really.The Saudi Arabian Oil Minister has a keen eye for the obvious.
   
   - Sustainable. Practical. Local. EcoNewMexico.com -

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