Comments on: New GOP energy message — same as the old GOP energy message

By: Rimma

Rimma — Wed, 08 Apr 2009 16:23:19 +0000

He rised. ,

By: John Mashey

John Mashey — Mon, 10 Nov 2008 23:37:04 +0000

Well, this is another reason why some us think that we must be electrifying as much of the transport system as possible, as fast as we can.

In an economic system in which:

a) GDP growth depends importantly on energy, and oil price spikes tend to encourage recessions. The current one may be caused by other things, but Jeff Rubin of CIBC thinks oil has something to do with it, and from past articles of his, I at least listen to what he says.

b) Oil production is at or near peak, with relatively little spare capacity (yes, there is some now, just not much).

c) Random events (hurricanes, terrorism, politics) can suddenly drop production.

the likely result is inherent instability. This is very similar to what one finds in computer system performance when adding load, moving from “enough, smooth” to “barely enough, unstable”, i.e., behavior develops wild oscillations and “drops off a cliff”.

By: Norris Hall

Norris Hall — Mon, 10 Nov 2008 16:15:40 +0000

The US needs to look to other more reliable energy source than oil
Last year oil was at 70 dollars a barrel. This year it spiked to 140 dollars a barrel. Last week it was down to 60 dollars and this week its up to 64.
Gyrations in oil prices don’t follow any supply and demand scenario.
Drilling for more oil won’t unhinge gasoline prices from the crazy ups and downs.
Business that rely on gasoline need a more stable reliable source of energy. With oil as a commodity they have no way of knowing if they’ll be doing a booming business or filing for bankruptcy next year.
We need to put a floor under gasoline prices. They’ve been doing that for years in Europe and Japan