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Joel
Wrecked
Joined: Mar 26, 2002
Posts: 4,924
Location: Welly
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 Posted: Tue 27th May 9:17am Post subject: |
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given the doom and gloom cast around on oil prices, interesting article in stuff this morning;
http://www.stuff.co.nz/4561229a13.html
| stuff.co.nz wrote: | | Aircraft maker Boeing expects the price of oil to fall back to a long-term average of between US$70 and US$80 a barrel |
of course Boeing have a self interest in convincing investors that oil prices will drop. but still good to see a counter article for once to contrast the peak oil style forecasting that the NZ media is continualy running with.
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Oli
Mangled
Joined: Aug 03, 2005
Posts: 29,385
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| Posted: Tue 27th May 9:20am Post subject: |
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Peak oil is an oil industry created myth anyway... 
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Joel
Wrecked
Joined: Mar 26, 2002
Posts: 4,924
Location: Welly
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| Posted: Tue 27th May 9:33am Post subject: |
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| Oli wrote: | | Peak oil is an oil industry created myth anyway... |
interesting article
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swtchbckr
Scuffed
Joined: Mar 22, 2005
Posts: 411
Location: Chacha
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| Posted: Tue 27th May 9:55am Post subject: |
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| Joel wrote: | | Oli wrote: | | Peak oil is an oil industry created myth anyway... |
interesting article |
yeah, interesting... science fiction? why have we never heard this theory before? Who is this guy? I wonder if this will start to infiltrate the mass knowledge stream...
i like this kinda debate...
welcome to Meme'sville...
(and i'm sorry, but those are some seriously ugly websites... climb out of the 90's, puh-leeez...)
but "dontvotelabour.org"??? how bout dont vote nazional either!!! i cant believe nz is being conned by smug self serving oldboys Key, Brownlie and English... the only interests them and their cronies have is for themselves and their fatcat mates. anyone else can go fester in a squallor as far as they're concerned!
Last edited by swtchbckr on Tue 27th May 10:06am; edited 1 time in total |
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Oli
Mangled
Joined: Aug 03, 2005
Posts: 29,385
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| Posted: Tue 27th May 10:00am Post subject: |
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Just because YOU'VE never heard of it doesn't mean it is necessarily science fiction. 
Wheels may or may not be a crackpot, but he acknowledges his sources and certainly spends lots of time researching his POV before he puts it out there...
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neels
Slightly below average
Joined: Sep 05, 2007
Posts: 705
Location: Wandering aimlessly
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| Posted: Tue 27th May 10:09am Post subject: |
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A good conspiracy theory makes the world go round 
Entirely correct though, price is all about supply and demand, and you'd have to be pretty naive to think they don't manipulate supply to push the price up.
And the higher the price the more viable it becomes to explore previously marginal oil reserves, and of course if the price falls they just reduce output to crank it back up to where it's cost effective.
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Oli
Mangled
Joined: Aug 03, 2005
Posts: 29,385
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| Posted: Tue 27th May 10:11am Post subject: |
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| swtchbckr wrote: | | (and i'm sorry, but those are some seriously ugly websites... climb out of the 90's, puh-leeez...) |
Haha! Wheels IS the 90s! 
| swtchbckr wrote: | | but "dontvotelabour.org"??? how bout dont vote nazional either!!! i cant believe nz is being conned by smug self serving oldboys Key, Brownlie and English... the only interests them and their cronies have is for themselves and their fatcat mates. anyone else can go fester in a squallor as far as they're concerned! |
I'm with you there, budday. 
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swtchbckr
Scuffed
Joined: Mar 22, 2005
Posts: 411
Location: Chacha
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| Posted: Tue 27th May 10:12am Post subject: |
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hey, i wasnt saying it was science fiction, i was asking if it was!!! its a great theory, would be handy if it proves true.
i'm glad you've directed me to these sites...
i like your site. it looks good... but those blue backgrounds on frot etc do my head in.
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Oli
Mangled
Joined: Aug 03, 2005
Posts: 29,385
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| Posted: Tue 27th May 10:17am Post subject: |
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You like my site or Wheels' site? I'm not with you...
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RJD
Dusty
Joined: Apr 27, 2008
Posts: 42
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| Posted: Tue 27th May 10:26am Post subject: |
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Current price of oil i smore to do with commodities markets makinga lot of money than anything else.
Theres real pressure under it, but not much, Oil production is a little behind whats needed and theres some under investment of refining capacity that needs sorting but its a few % no where near the cause of the silly oil price hikes.
A small group of city boys are making a lot of money on this.
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phunk
Mangled
Joined: Feb 28, 2004
Posts: 11,530
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| Posted: Tue 27th May 10:32am Post subject: |
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 I blame the environmentalists for the high price of oil.
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RJD
Dusty
Joined: Apr 27, 2008
Posts: 42
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| Posted: Tue 27th May 10:33am Post subject: |
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No. Its City boys.
The enviromentalists are the smokescreen.
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inzane
Wrecked
Joined: Feb 23, 2005
Posts: 6,321
Location: churchur
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| Posted: Tue 27th May 10:35am Post subject: |
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| Oli wrote: | | Peak oil is an oil industry created myth anyway... |
Hmmm I am not sure that he is totally up with the theory of where oil comes from. From what I have read I thought oil came from organic vegetable matter, not from animals!!
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Oli
Mangled
Joined: Aug 03, 2005
Posts: 29,385
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| Posted: Tue 27th May 10:38am Post subject: |
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 Good point!
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swtchbckr
Scuffed
Joined: Mar 22, 2005
Posts: 411
Location: Chacha
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| Posted: Tue 27th May 10:52am Post subject: |
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| Oli wrote: | | You like my site or Wheels' site? I'm not with you... |
yours... followed a link off wheels.
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