The ISEQ Thread Part II - Trading below 2000

Guest

tonys wrote:

Auditor #9 wrote:

expat girl wrote:: The drop in energy prices is a long term disaster, the prices have dropped SO low that investment in alternatives is slowing dramatically....80bucks a barrel makes most alternatives viable...we're well below that now.

It won't be long but people won't be making decisions on trying out alternatives, they'll just stick with the oil because we'll believe there's so much in the ground it'll never run out.

It mightn't but I doubt it. One day in five years time we could wake up in a world of fans and flying brown stuff.

As the price of oil goes up so too does the reserves of economically recoverable product.

You're saying that more is hedged at higher prices ? So there's always a battery-supply of world fuel is it ? Don't we need to start using the stuff that's left to install the renewable infrastructure future generations will need ? Spending the oil any other way might be folly of a species-endangering nature unless you've faith in nuclear and other althernatives.

Some crowd somewhere will have to make the decision: are we going to pump up an alternative energy bubble now or not ? The sooner we make that decision the sooner the mechanics of it can be worked out so businesses can be set free on making the nuts and bolts. $75 barrels of oil might help.

Guest

Auditor #9 wrote:

tonys wrote:

Auditor #9 wrote:

expat girl wrote:: The drop in energy prices is a long term disaster, the prices have dropped SO low that investment in alternatives is slowing dramatically....80bucks a barrel makes most alternatives viable...we're well below that now.

It won't be long but people won't be making decisions on trying out alternatives, they'll just stick with the oil because we'll believe there's so much in the ground it'll never run out.

It mightn't but I doubt it. One day in five years time we could wake up in a world of fans and flying brown stuff.

As the price of oil goes up so too does the reserves of economically recoverable product.

You're saying that more is hedged at higher prices ? So there's always a battery-supply of world fuel is it ? Don't we need to start using the stuff that's left to install the renewable infrastructure future generations will need ? Spending the oil any other way might be folly of a species-endangering nature unless you've faith in nuclear and other althernatives.

Some crowd somewhere will have to make the decision: are we going to pump up an alternative energy bubble now or not ? The sooner we make that decision the sooner the mechanics of it can be worked out so businesses can be set free on making the nuts and bolts. $75 barrels of oil might help.

No, I'm saying or repeating what some "expert" was saying when oil was $150.00 a barrel. We have 5/10/20 years supply left @ $40.00 a barrel, but @ $200.00 a barrel we have 100 + years supply left. All to do with the economics of recovery, apparently.

Guest

tonys wrote:: No, I'm saying or repeating what some "expert" was saying when oil was $150.00 a barrel. We have 5/10/20 years supply left @ $40.00 a barrel, but @ $200.00 a barrel we have 100 + years supply left. All to do with the economics of recovery, apparently.

Ah ... only 41 seconds of Shell commercial below