Long term OIL

[arbitrage]

I don't know, those money invested in nuclear power are the same that money from oil i think.
Long term Radioactivity is much more destructive for human health,
especially can influence on human reproductive possibilities.
Yes i'm against pollution you talk, but this is far more dangerous.

[arbitrage]

Can you compare that number to the 1 million plus deaths, which results from pollution by thermal power plants every year?

https://www.youtube.com/watch?v=dS3WvKKSpKI

I believe there is much propaganda from US in this documentary but i think this problem was real problem! And whole Europe felt it in one moment.
I remember 86' no one wants to eat salad in ex Yu. Funny NO!?
Many cancer illnesses are related to this event.

Yes and we are very far from Ukraine. But we were exposed also.

[bryant.coleman]

I don't know, those money invested in nuclear power are the same that money from oil i think.
Long term Radioactivity is much more destructive for human health,
especially can influence on human reproductive possibilities.
Yes i'm against pollution you talk, but this is far more dangerous.

Don't believe the fear-mongering and the propaganda. What happened to the Chernobyl plant should be blamed on the incompetent Soviet workers and the greedy supervisors. 30 years have passed and the modern nuclear power plants are equipped with mechanism to make sure that a meltdown cannot occur even in case of a catastrophic event. Compare the Chernobyl incident to that occurred in Fukushima, and you will get the picture.

[arbitrage]

One good earthquake can make everything bad happens as like we saw.
I thought Fukushima was resistant from earthquakes?
Yes it was but not resistant on tsunami..In future on wars and terrorist attacks or some other natural catastrophes?
Oil is still far better solution, while we don't find something better!

[goinmerry]

Using nuclear power take greater responsibility for environment and human health.
Who can guarantee you won't see another Focushima or even worse Chernobyl?
Planet will clean herself from co2 and dust particles, but you need thousands of years to pass if something terrible happened near nuclear facilities.

Environment and people lives. Ergh. Just thinking about it gives me the chills. Just the world nuclear would be no for a normal person and thinking that there is one in your country will make you scared in your every day life.

[bryant.coleman]

Just the world nuclear would be no for a normal person and thinking that there is one in your country will make you scared in your every day life.

This is what fear-mongering and propaganda can do to you.

One good earthquake can make everything bad happens as like we saw.
I thought Fukushima was resistant from earthquakes?
Yes it was but not resistant on tsunami..In future on wars and terrorist attacks or some other natural catastrophes?
Oil is still far better solution, while we don't find something better!

How many people died as a result of the Fukushima disaster? The answer is ZERO.

How many people got cancer as a result of the disaster? According to Toshihide Tsuda (Okayama University), around 100 cases of thyroid cases have been detected in Fukushima and the neighboring areas, which can be attributed to the nuclear disaster. Thyroid cancer is not a life-threatening condition, and the survival rates are near 100%.

So my logic is simple. Fukushima was once in a 100 year catastrophe. Even during that event, no one lost their lives.

[JosNekoKopa]

We could say it here this one disaster in 100 years but if you are planning to drive electric cars and to ban oil for good, you'll need a thousands of new nuclear plants all over the world. So probability for disaster will rise rapidly.

[Drewski]

And nuclear, even fusion (when that shows up) isn't pollution free.  Thousands of tons of radioactive materials are being stored because we have no way to dispose of it.  Any fluids or materials that come in contact with the core become irradiated by neutron activation and we have no way of treating it other than putting it someplace out of the way for a very long time until it becomes less radioactive.

[criptix]

And nuclear, even fusion (when that shows up) isn't pollution free.  Thousands of tons of radioactive materials are being stored because we have no way to dispose of it.  Any fluids or materials that come in contact with the core become irradiated by neutron activation and we have no way of treating it other than putting it someplace out of the way for a very long time until it becomes less radioactive.

It is really minimal for fusion in relation to fission. In around 100 years there could already be no traces of radioactivity left depending on materials used for the reactor.

And we are just at the start of creating an efficient fusionreactor.

[Drewski]

Well, if they can finally crack economical fusion power, it's gonna knock oil into a few niche markets.

[romero121]

Recent news is that the oils long term fall is not over. It is expected the price of oil once again goes low by the coming weeks.
This looks to be a very bad situation for the countries whose economy is completely dependent on oil wealth.

[NUFCrichard]

Recent news is that the oils long term fall is not over. It is expected the price of oil once again goes low by the coming weeks.
This looks to be a very bad situation for the countries whose economy is completely dependent on oil wealth.

In the short term yes, but if the price really does fall further, which I think would be unlikely, it will result in a real oil shortfall in the coming years.
Brazil have said that they won't auction any more exploration areas, as at $50 oil is far too cheap.  The major oil economies are all in trouble.  Investment is falling off a cliff, drilling of fracking wells is stopping.

The amount of money needed to restart will be much more than the running costs, so once they are closed, it will take time and investment (by those with burned fingers) to get them back up and running.  That along with the lag time associated means I think there will be an oil shortage in the next 10 years, with oils prices rising greatly.

I predict the return of $100 before 2020.

[expert4knowledge]

Buy futures or buy oil company shares. Oil is not only used to produce petrol. Even if green energy sources increase there will still be a demand for oil.

I agree with you, it can be used in other industries for producing goods. However it seems that most of oil is used as energy.

[botany]

Buy futures or buy oil company shares. Oil is not only used to produce petrol. Even if green energy sources increase there will still be a demand for oil.

I agree with you, it can be used in other industries for producing goods. However it seems that most of oil is used as energy.

Petrochemicals are another big use of oil. However, demand for petrochemicals is directly correlated to overall economic demand. Hence petrochemical prices are slumping too.

[Barnabe]

Just the world nuclear would be no for a normal person and thinking that there is one in your country will make you scared in your every day life.

This is what fear-mongering and propaganda can do to you.

One good earthquake can make everything bad happens as like we saw.
I thought Fukushima was resistant from earthquakes?
Yes it was but not resistant on tsunami..In future on wars and terrorist attacks or some other natural catastrophes?
Oil is still far better solution, while we don't find something better!

How many people died as a result of the Fukushima disaster? The answer is ZERO.

How many people got cancer as a result of the disaster? According to Toshihide Tsuda (Okayama University), around 100 cases of thyroid cases have been detected in Fukushima and the neighboring areas, which can be attributed to the nuclear disaster. Thyroid cancer is not a life-threatening condition, and the survival rates are near 100%.

So my logic is simple. Fukushima was once in a 100 year catastrophe. Even during that event, no one lost their lives.

Even if no one died directly from it (which I highly doubt) there still are massive consequences.
A huge zone is considered as dangerous, had to be evacuated and will not be inhabitable for decades.

The economic fallouts are also extremely important, they had to pay (and still do) huge amounts to decontaminate and for safety controls. If we only take into account the financial aspect this power plant probably costed a hundred times more than it produced.

[Barnabe]

Buy futures or buy oil company shares. Oil is not only used to produce petrol. Even if green energy sources increase there will still be a demand for oil.

I agree with you, it can be used in other industries for producing goods. However it seems that most of oil is used as energy.

Petrochemicals are another big use of oil. However, demand for petrochemicals is directly correlated to overall economic demand. Hence petrochemical prices are slumping too.

This could be bad for the development of more environnement-friendly products. A high Oil price was a good incentive for this kind of research, if Oil is cheap a lot of investment in this field might not give the expected results...

[tyz]

To be true, most of our daily products (except food) is made from oil. Take a look around in your room. How many plastic products do you have (or at least products with plastic parts)? Those are all made with crude oil

Buy futures or buy oil company shares. Oil is not only used to produce petrol. Even if green energy sources increase there will still be a demand for oil.

I agree with you, it can be used in other industries for producing goods. However it seems that most of oil is used as energy.

[Paashaas]

There are 60 oiltankers waiting at ports of Rotterdam and IJmuiden to dump there oil but the storage capacity is at there max. This didn't happend  since 2009...

They went for anker and waiting.

[bryant.coleman]

Recent news is that the oils long term fall is not over. It is expected the price of oil once again goes low by the coming weeks.
This looks to be a very bad situation for the countries whose economy is completely dependent on oil wealth.

High crude oil prices in the past had enabled certain groups of people who believe in stone age customs to dominate the world. I am glad that the prices are coming down. This will make sure that countries having skilled and educated citizens will outperform those where more importance is given to religion rather than education.

[fricircled]

There are 60 oiltankers waiting at ports of Rotterdam and IJmuiden to dump there oil but the storage capacity is at there max. This didn't happend  since 2009...

They went for anker and waiting.

I heard Shell rented tanks to store its oil for future sale. So the price of oil will not rise soon, still over supply.