Oil Price

[BlasterBates]

wow with knobs on.....

[Diver]

wow with knobs on.....

Doom from the horses mouth.

Time to move to another planet methinks

[DimPrawn]

I've bought £££££££££ of oil at 90 ish $ per barrel.

And Gold at around $800 per oz.

Boomed mate.

[SandyDown]

wow with knobs on.....

What a complete Ar$e Hole - he discovered nowt... oil exploration companies, academics and field geologists have realised this for a long time now ago, for the last decade there has been hundreds of projects find ways to optimise production and increase reservoir recovery value - but ultimately the oil will run out - around 2080 to 2100 ... also in the background hundreds of projects are going on for alternative energy supplies. They didn't need an ar$e hole investment banker to tell them this

[NotAllThere]

So oil will be $500 a barrel. When a $ is worth thrupence 'apenney, who cares?

[Cyberman]

So oil will be $500 a barrel. When a $ is worth thrupence 'apenney, who cares?

It won't happen. If we had no other fuel alternatives I would agree, but there will be so many other alternatives within the next decade or so, and many are being developed right now.

[Liability]

What a complete Ar$e Hole - he discovered nowt... oil exploration companies, academics and field geologists have realised this for a long time now ago, for the last decade there has been hundreds of projects find ways to optimise production and increase reservoir recovery value - but ultimately the oil will run out - around 2080 to 2100 ... also in the background hundreds of projects are going on for alternative energy supplies. They didn't need an ar$e hole investment banker to tell them this

Well said! Lurker here but thought what the hell and respond as I totally agree with you

The fundamental issue with all this oil is

- there is evidence to suggest we will NEVER run out of oil as its a self replenishing source - just ask Russia they allegedly have proved this

- There are NUMEROUS initiatives going on in the background right now to get a replacement or fine tune what we have but havent been exposed to

- We [UK] WILL fast track Nuclear Power Stations - is IS the RIGHT thing to do and those namby pamby geography educated sandle wearers can smoke that in their pipe and plat there beards [women too!]

Just look at shifts and patterns - Has anyone seen the amount of commernce and infrastructure Dubai, Qatar and Abu Dhabhi is building? What for? Anyone thought WHY they are doing this? They know that the USD is limited to them very soon as oil gets too expensive - USA have fast tracked and are funding IMMENSE resources for a replacement as they now know that they cannot rely on Saudi, Iran, Russia and all to hold them Ransom. UK got a smell of "ass ownership" only last month when we tried to tell Russia what to do with there regional conflict - we rely on them partially for Gas! -

I suspect we will all see some very serious acceleration in Coal and Nuclear enegery in this country WITHIN 5-10 years.

But one thing to worth thinking about - within 8 years our energy requirements will actually strip our energy production capabilities - this isnt hear say but FACT - this is serious stuff that will effect us all - which is way with the events of last month have really woken up people! It's now a case of what these people can do!

Another fact - the next nation\company to produce the energy replacement will rule the world for the next 200+ years! Its been USA this period - who will it be next :-)

[BrilloPad]

wow with knobs on.....

Maybe they should ban the short sellers?

[Liability]

Maybe they should ban the short sellers?

Already in the pipeline - in the raft of measures being talked about

[SandyDown]

- There are NUMEROUS initiatives going on in the background right now to get a replacement or fine tune what we have but havent been exposed to

Yep - actually I am working on such a project now
and agree the next energy source is going to be Nuclear.

But one thing to worth thinking about - within 8 years our energy requirements will actually strip our energy production capabilities - this isnt hear say but FACT -

got an evidence on this fact please??