THE OIL AND GAS BUBBLE IS ABOUT TO POP!!!

[NapoleonBonaparte]

Oil and gas price will continue to go up in long term as these are essential resources and limited in supply.

[Bitcoin-hotep]

wait, what do you mean the declining supply of fiat currency? it's not declining.. it's doing the exact opposite right now.

Supply of the US Dollar is increasing logarithmically for sure. I doubt that the situation is same with other currencies as well.

I understand the dollar sucks, but again, even on that graph. Compare 1980 to today, and we are in an oil and gas bubble for sure.

FOX news even started to notice. They are now doing stories about the EPA and stuff and Sarah Palin is trying to "throw off the scent" by trying to empeach Obama.

Everyone tweet this thread @FoxNews @OreillyFactor @TheFive @MegynKelly @SeanHannity

[minerpumpkin]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

[Bitcoin-hotep]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Yeah, when they start dying they will leave or stop using so much.

[Swordsoffreedom]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Actually I think they are going to LNG more now (Liquified Natural Gas) to get rid of their Coal addiction which is where all the smog that affects their factories come from so its actually backwards XD.
http://online.wsj.com/articles/china-japan-shippers-to-launch-arctic-lng-route-1404905617

[Swordsoffreedom]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Yeah, when they start dying they will leave or stop using so much.

I don't understand what the world is waiting for

Oil is going to be gone one day..

And it's price will always be increasing, why don't we just start the shift to new resources..

It's still cheaper to use the other stuff than it is to work on renewable tech
Pretty much its a matter of economy

[Harley997]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Yeah, when they start dying they will leave or stop using so much.

I don't understand what the world is waiting for

Oil is going to be gone one day..

And it's price will always be increasing, why don't we just start the shift to new resources..

It's still cheaper to use the other stuff than it is to work on renewable tech
Pretty much its a matter of economy

This is why it is important to invest in things like nuclear energy that is close to unlimited in supply.

[jaberwock]

There is enough oil and gas supply for another 200 years. That is enough time to develop alternative energy sources. The giant oil and gas companies is monopolizing the price and hidden the real volume of the oil reserves. They even lobbying the congress not to develop fusion technologies and they also stopping the thorium nuclear research.

[Bitsaurus]

There is enough oil and gas supply for another 200 years. That is enough time to develop alternative energy sources. The giant oil and gas companies is monopolizing the price and hidden the real volume of the oil reserves. They even lobbying the congress not to develop fusion technologies and they also stopping the thorium nuclear research.

Congress has stopped pretty much all nuclear initiative since the mid 1970s.

Even though there may be plenty of oil and gas for a century, the supplies that area easily accessible are dwindling.  Deeper and deeper drilling techniques will be need as well as trench drilling.  That's going to drive the cost up.

[Honeypot]

There are still substantial amounts of gas and oil present in reserves across the world, just not economcally feasible or technologically lacking in the means of extracting them efficiently.

While finite nature and huge consumption of fossil fuels is a serious concern, the bigger concern is the economic and technological aspects of fossile fuel extraction.

The shale oil and shale gas, if it is further followed by technological and economic factors that enable their efficient extraction, can easily double the life span of fossil fuel use, even accounting for steadily increasing consumption of such materials.

If you want some kind of renewable alternative source of energy, look into fusion ignition as the core initiative. United States have poured billions of dollars into the nuclear weapons and research facilities, and those same institutions are also responsible for overall nuclear research and its energy applications. Recently national ignition facility at lawerence livermore nuclear laboratory succeeded in a temporary ignition of fusion power, a huge mile stone for fusion as a legitimate energy source.

Instead of fantasizing about flowers and pixie dust and tree hugging paradise, we must be practical in researching a source of new energy.

[counter]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Yeah, when they start dying they will leave or stop using so much.

I don't understand what the world is waiting for

Oil is going to be gone one day..

And it's price will always be increasing, why don't we just start the shift to new resources..

I'd suspect those who have all power and control of the energy sector will look for ways to remain in control of whatever it evolves into.  I can imagine a from of energy that a small few will control in some from of another most likely by some from of regulation(carbon taxes).

[Harley997]

China will have to cut down on fossil fuels simply due to the fact that their cities become less and less habitable with all the smog these days. You can't even seem to see your own hand!

Yeah, when they start dying they will leave or stop using so much.

I don't understand what the world is waiting for

Oil is going to be gone one day..

And it's price will always be increasing, why don't we just start the shift to new resources..

I'd suspect those who have all power and control of the energy sector will look for ways to remain in control of whatever it evolves into.  I can imagine a from of energy that a small few will control in some from of another most likely by some from of regulation(carbon taxes).

This is exactly what the obama administration is trying to do with it's energy policies.

[Bitcoin-hotep]

LOFL

I think the Colorado politicians saw this thread. They are back tracking now, instead of making commercials about how we have SO much oil and gas and ARE getting so much more than we ever have, now they are now making commercials talking about how fracking has been around in Colorado for 60 years and right now are the tightest regulations they have ever had.

This is HILARIOUS. They are trying to create false rarity again.

We all have to realize we are in a gas bubble. If we demand the market correct itself, it will. Vote with your dollar and your twitter account.

[BTCfaucetTIME]

There is enough oil and gas supply for another 200 years. That is enough time to develop alternative energy sources. The giant oil and gas companies is monopolizing the price and hidden the real volume of the oil reserves. They even lobbying the congress not to develop fusion technologies and they also stopping the thorium nuclear research.

Congress has stopped pretty much all nuclear initiative since the mid 1970s.

Even though there may be plenty of oil and gas for a century, the supplies that area easily accessible are dwindling.  Deeper and deeper drilling techniques will be need as well as trench drilling.  That's going to drive the cost up.

I really don't understand why we don't use more nuclear energy in this country. It is by far the cleanest and cheapest form of energy and we are basically not going to run out.

[Swordsoffreedom]

This is why it is important to invest in things like nuclear energy that is close to unlimited in supply.

The main problem with that is all the regulatory costs that go into making that nuclear reactor
It can cost hundreds of millions to set up and clear and then citizens may say we don't want a reactor here etc and cancel the project making the risk a gamble that many don't want to take. (Pretty much cost overrun risk no income and a schedule to complete it by getting delayed)

Even if it does get approved the ROI takes many years from when it was first made to break even and then adding regulatory costs even more than initially planned so its a complicated issue.
That said once built it can run for a long time and it does make a good return.

http://en.wikipedia.org/wiki/Economics_of_nuclear_power_plants
http://atomicinsights.com/examples-of-regulatory-costs-for-nuclear-energy-development/

In 2013, investment advisers Morningstar, Inc. concluded that, in developed countries, “reactors are not a viable source of new power”. Even in developed nations where they make economic sense, they are not feasible because nuclear’s “enormous costs, political and popular opposition, and regulatory uncertainty”.

[Bitcoin-hotep]

I think soon we will just seen Solar prices and stuff drop.

Have you guys heard of the solar panels that are made from crab shell (renewable resource), they can use like magnifying glasses on them because they can take more heat, so a smaller panel can be used to gather a bigger amount of light.

[FunnyHat43]

I think soon we will just seen Solar prices and stuff drop.

Prices of solar panals are not going to drop. They are already subsidized by the state (a lot of them) and the federal government; and have been for years, but the prices have not dropped. 

[Bitcoin-hotep]

Another reason it's good that this bubble is popping and energy dependency will be moving in to different areas.

Can you imagine if America somehow got sanctions put on them, and we had no fuel? Like a time period in America where gas stations has no source of gas.
I bet you would wish you could pour some Ethanol/Bio-Diesel (Alcohol) in your tank.

[Bitcoin-hotep]

I think soon we will just seen Solar prices and stuff drop.

Prices of solar panals are not going to drop. They are already subsidized by the state (a lot of them) and the federal government; and have been for years, but the prices have not dropped. 

That is because not enough people are buying them yet. They are still trying to MAKE money.

And Alcohol is the big one. They get away with selling little bottles for $40 each. Eventually Alcohol will just be at every gas station (in the pump) and it will be like $2 a gallon. Since it's NOT hard to make anyways, and they are just making money on us because we recognize brands and like to get drunk on alcohol instead of using it casually as fuel.

[bryant.coleman]

I think soon we will just seen Solar prices and stuff drop.

Prices of solar panals are not going to drop. They are already subsidized by the state (a lot of them) and the federal government; and have been for years, but the prices have not dropped. 

If new technology is invented, then surely the prices will drop. But that can take many many years... probably a few decades. Right now, the raw materials which are used for the manufacturing of solar panels are prohibitively expensive.