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All good points Dazz, but it's a democracy. And right now it's a democracy with lot's of problems on lot's of fronts. The pollies do what will get them re-elected. LL

Bill, I can but say you have infinitely more faith in politicians than I. (Now I know that's a "tough, difficult decision" for "Autralian working families", but that's how I am ..."fair shake of the sauce bottle now cobber, mate etc.") Especially American politicians . Doubly, triple...

Not really. But we differ in our opinions. I think we'll see a gradual transition with many different energy sources ( some hyrocarbon, some hybrid, some electric, some human ( bicycles)) and new materials and technologies. If they build a battery plant e.g. in China and 20% of cars become...

I can see where you're coming from Bill L, from but I cannot share your "dark intervening period" outlook. The human species can be very innovative and very productive under the "right" circumstances/pressure. Just witness e.g. how rapidly nations geared up to produce weapons/boats/planes etc...

Sorry, there won't be an impact on property (from oil shortage) because it isn't going to happen. Mainly because the world has such vast ( and I mean VAST ...thousands of years supply) of other hydrocarbons ( coal, CNG, LPG etc) that can be converted to oil if need. Plus there are technological...

Wow, what planet have been you been on ? Checked out the battery in your (tiny) cell phone lately. Sure isn't zinc/copper etc. You may want to google the Tesla car. Some neat battery stuff there. Others soon to appear. Oh I don't know. We got electricity cables in most places now. It works...

The materials ( believe or not) come from planet Earth. Possibly, if it's a winner, other car companies might build more factories.. do you think that's a maybe, maybe? I don't think Hydrogen is a "goer" but that's a personal opinion. The technology is complex and expensive. But if it is...

...and your point is ....????? LL PS I think google could answer these better than I... if you really want to know. My point was merely to show (1) light weight materials are a reality and (2) it changes the fuel consumption substantially.

One for the worry warts ! http://www.theage.com.au/environment/energy-smart/uk-hydrogen-car-with-australian-flair-heads-our-way-20100613-y5y5.html (If the link doesn't work google "the age uk hydrogen car" ) This article is about a hydrogen powered car. But that's not the point. Note it's...

Certainly keep your IPs. By all means buy oil .... as long as you already have some bullion;). LL

Hi Bill, All I can deduce is, whatever their numbers, their own chart proves they are most certainly total crap forecasters! Their past forecasts have proven SOOOO inaccurate and their future numbers change so wildly, I really don't know why they bother. May as well stick a "wet finger in the...

Bill, that I agree with. Whilst I agree with your observations, I certainly don't agree with your interpretation. As time goes by, these graphs change from forecasts to reality. (I'm assuming we agree that the oil is essentially consumed, so the numbers used in 2010 e.g. for prior years are...

...and they use it soooo wisely and economically!! Sunfish, No insult intended, but I'm not responding any further to the military BS. My late father in law used to say "Being in the army when there's no war going on would be like working for the railways and not running any trains." LL

But Bill, do I understand this graph correctly? This is "SUPPLY" ...not demand ? It would indicate that "the oil supply system" can continue to INCREASE output until at least 2035 ...and the curve shows no signs of even flattening out ????? How safe do you need to "feel" ? That would...

Not per se, But I accept the two events did overlap. Once again, to GS advantage, because by then they were waayyy short oil. But it's more the way they drove the prices up that is very interesting. toe, please take the time to read the Matt Taibbi, Rolling Stone article. I promise you it's...

Well the posts are about 2 inches up the screen. Read em:). I said I would not believe what they told us on anything. Put another way, I'm saying (after WMD etc) I wouldn't accept the US military as a reliable source of information on ANYTHING. They tell lies. LL

Sunfish, I'm not sure I get your point. Sorry. What I said was I wouldn't believe them. On anything. They tell lies. Simple as that. LL

No . Sorry. It goes up to USD90 plus and then it comes down to USD50 plus . That's where GS made their money. LL

You believe the US military ????? Let me get this straight. After Iraq and the WMD that "never were" etc etc you actually put faith in anything the US military says? You just don't think that maybe they might be "setting up the snooker balls" again for a bit of a skirmish somewhere in an...

... What planet are you on ? :eek: See link. http://www.wtrg.com/oil_graphs/oilprice1947.gif LL