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  1. Bill.L

    What does $500 brl OIL mean??

    Aaron, Some very good points there. It probably explains why the production runs of EVs are so small, including the planned production over the next few years. When the technology gets better and people can see them up and running, then they will look at the option. Of course to ramp up...
  2. Bill.L

    What does $500 brl OIL mean??

    Hi Sunfish, I'm sort of expecting tight oil supplies and much higher prices to be the catalyst for higher inflation across the board. History has shown that whenever the money supply has had a major boost then inflation follows, often with a lag time. There are some papers at the Bank of...
  3. Bill.L

    What does $500 brl OIL mean??

    Hi alex, Yes there are. In fact world reserves are now at the highest in history. The point is about oil production, it has plateaued. Some of those huge reserves are paper ones, some are political ones and some are really not accessible by any known methods even at today's high prices. Some...
  4. Bill.L

    What does $500 brl OIL mean??

    Devo, Bringing up a topic that is likely to have a vast effect on us, is hardly hysteria. Is having a 'head in the sand' approach really better?? Currently we (as in governments) are doing nothing different to BAU, including to even study the problem. I don't see a nice easy answer to...
  5. Bill.L

    What does $500 brl OIL mean??

    LL, Perhaps you haven't heard of Jevon's paradox.... ...those that can afford these new cars (that are in very limited production runs at present) are likely to travel more in them. However this does not solve the problems facing those who cannot afford the efficient vehicles, namely the...
  6. Bill.L

    What does $500 brl OIL mean??

    Hi all, The comments of denial are exactly what I was expecting. It sounds so easy to change over to something else, yet it is simply not happening on a scale that is needed. You're correct, not the end of the world, but it will be devastating to economies, especially those that import a...
  7. Bill.L

    What does $500 brl OIL mean??

    Hi all, Despite the massive recession in much of the western world, the price of oil has continued to hover around the US$70-80 range. Even with this relatively high price the production of crude has not risen. If you don't think there will be an impact from rising oil prices when we hit...
  8. Bill.L

    What does $500 brl OIL mean??

    Hi HE, It will get you about 100km. Check it out here. http://www.bev.com.au/Default.aspx Peter 14.7 brought it up earlier in the thread. Not really cost effective when you have to buy the car first, then retrofit it. However when one of the bigger car makers come out with a simple...
  9. Bill.L

    What does $500 brl OIL mean??

    Hi all, The price of electricity to power the electric car is a small part of the equasion. The price of depreciation of the batteries is still the biggest cost. If off peak electricity tripled from today, it would still be cheaper running the electric car than current petrol prices...
  10. Bill.L

    What does $500 brl OIL mean??

    Hi, :eek: My goodness, I agree with you 100% YM!! bye
  11. Bill.L

    What does $500 brl OIL mean??

    Hi peter, Spending the $35m research on "plug in capability" would make both Toyota and the Govt look good. Maybe that is next weeks announcement.:rolleyes: bye
  12. Bill.L

    What does $500 brl OIL mean??

    Hi all, Sunfish, I've got no doubt about peak oil, it is just a matter of when. Plus the higher costs to extract the remaining, or shale deposits etc, will make the competitors viable. This is from the Nissan website..... People will rapidly choose the plug in option to fuel their cars if it...
  13. Bill.L

    What does $500 brl OIL mean??

    Hi Peter, I've been in those type of ques in both Melbourne and Geelong. Those sort of stats hundreds cars/1000 will happen in the developing countries, bu they will not be oil powered vehicles. I can remember reading about how the horse poo would be piled x feet high in London streets...
  14. Bill.L

    What does $500 brl OIL mean??

    Hi all, Talk today about hybrid car manufacture here by 2011? It may all be too late. By then there will be electric cars available. All these are coming out of left field very quickly with the current oil price. Oil at $500/brl will accelerate it. As I have posted in another thread...
  15. Bill.L

    What does $500 brl OIL mean??

    OC1, 3bd homes are my strategy, and what I look for to see if there are owner occupiers settling. A quick look at what is available shows me 'plenty'. Plus there does not seem to be that much of a difference in price from last year, hence it has not taken off in my book. Definately an...
  16. Bill.L

    What does $500 brl OIL mean??

    Hi all, OC1, you may be getting a little carried away with your investments there. There are plenty of the following types available. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=104886735&f=0&p=30&t=res&ty=&fmt=&header=&cc=&c=74108903&s=vic&snf=ras&tm=1212470172 200+ houses...
  17. Bill.L

    What does $500 brl OIL mean??

    Hi TC, Actually it is very on topic. The Latrobe Valley is a vast brown coal resource and you would expect it to be better utilized as the price of oil rises. At $500 oil, there are big dollars just beneath the surface. Plastics from coal, fertilizer, coal to oil/gas conversion etc...
  18. Bill.L

    What does $500 brl OIL mean??

    Hi all, I've always been against the nuclear option because of the 'chernobyl' factor, the what if? However what I have read about the pebble bed reactors sounds much more interesting and acceptable. They can be dotted around the place, a much more local scale type power plant. There would...
  19. Bill.L

    What does $500 brl OIL mean??

    Hi Gerd, If that is an article as it appears to read, then by whom and where did it come from?? bye
  20. Bill.L

    What does $500 brl OIL mean??

    Hi all, LL, With your CNG, I would have to ask the question of the big gas suppliers, why aren't they doing this?? It would mean increased volume of sales, both of the gas and the equipment to install into households. My belief is that they along with many others still believe that the...
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