GM Suspending Chevy Volt Output Due To Slow Sales

Phys251 said:

That is simply false. Peak oil is coming, very, very soon. The only fossil fuel that we have an ample supply for at least the next couple of centuries is coal.

Peak oil, BTW, is the primary reason I am strongly opposed to expanding our drilling. Wait to do that until oil is in much shorter supply, not when we have a decent amount of it to consume. Besides, if we did that, that oil would be worth a lot more then than now, meaning that sitting on those reserves would be one heck of an economic investment.

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According to most estimates, the US is sitting on somewhere between 500 and a thousand years of natural gas supply. As oil extraction methods improve, usable reserves get larger.

I would not dispute that at some point, a new energy source may need to be found, but it is certainly not an emergency situation.

I have thought some about the argument that we should be using up the world's reserves and saving ours to a point that the US would control the supply side market and dictate the price. The flaw in that system is that it presumes that oil is finite product that does not compete with other energy sources. Oil competes with other energy sources, and other energy sources compete with oil. We can't even explain some of the energy sources we believe to exist in the universe, let alone know how to utilize them. We cannot even explain how oil got from dead prehistoric animals to 10,000 feet below the surface.

Phys251 said:

That is simply false. Peak oil is coming, very, very soon. The only fossil fuel that we have an ample supply for at least the next couple of centuries is coal.

Peak oil, BTW, is the primary reason I am strongly opposed to expanding our drilling. Wait to do that until oil is in much shorter supply, not when we have a decent amount of it to consume. Besides, if we did that, that oil would be worth a lot more then than now, meaning that sitting on those reserves would be one heck of an economic investment.

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The peak oil myth has been around for 130 years. Rockefeller was advised to be cautious about petroleum's future back in 1880. In 1900, the myth was that there was no oil in Texas; the only oil was under where it had leaked to the surface. In 1920, no oil in Saudi Arabia! In 1940, offshore oil, if any existed, was impossible to recover. Before our time, this was just because of geological ignorance. That still holds, but an added reason is that if the oil barons can create scarcity myths, they can magnify their profit margins. Decrease in production because of planted myths about scarcity is known as hoarding.

Phys251 said:

Holy crap, man. There is a LOT of science fail in that post.

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Who tells you that? The self-serving politically correct scientists themselves cook up these anti-growth dogmas. Historically speaking, if we compare ourselves with other decadent civilizations, these econazis are nothing but an intolerant religious cult.