2006-07-17 06:53:45 · 5 answers · asked by C333 2 in Politics & Government ➔ Other - Politics & Government
we dont mix enought with our fuel to really impact it yet. But as soon as we come up with a renewable fuel source that doe snot use oil at all...THATS when the oil prices will drop.
2006-07-17 06:59:20 · answer #1 · answered by akebhart 4 · 0⤊ 0⤋
Not soon. China and India are buying it up like never before and not much more is being pumped. This is the law of supply and demand at it's most powerful. Supply is about the same but demand skyrocketed and that's why prices are going up. Oil will be high until one of two things happens:
1. We run out.
2. We develop a completely new source of cheap energy that does away with the combustion engine and the need for oil.
2006-07-17 14:03:19 · answer #2 · answered by Crusader1189 5 · 0⤊ 0⤋
The problem with ethanol is that it takes more units of energy to produce it then it give off. The fertilizer used to grow the crop is based on nitrogen and nitrogen comes from natural gas. It's a bad deal economically. Based on ethanol, the price of oil will not crash.
However, the Saudis are working hard to expand capacity due to be complete in the next few years. That's our best bet for a mid-term price crash.
2006-07-17 14:57:27 · answer #3 · answered by Brand X 6 · 0⤊ 0⤋
Never with the big oil boys having the control!
The death bell has been rung for oil!
Patented closed circuit hydro-electric power is now on the horizon!
1000 times more power Nuclear and even more than Fusion!
100% clean overabundant electric power.
Fuel-less cheap clean power!
Enough for the US to supply the whole world!
Run every home, cars, trucks, trains, industry, waste management and clean the polluted water with 100% clean hydro-electric power!
Permanent Energy Inc is looking to build the first 100% clean electric power plant now as we post!
The US gov snubbed clean power. Clinton, Gore, Newt, and Bush have seen it and snubbed it!
They ALL have been paid and are owned by big biz and big oil, to the tune of $100,000 a pop.
Have no fear, this will not stop Permanent Energy from building power plants.
When what has happened becomes public knowledge the back lash will sweep the Dems and the Reps out on a rail.
A whole new day will dawn, and oil's strangle hold will wither and die!
Permanent Energy is looking to bring the "Star Trek" life style to America.
With cheap, clean, power that has a stable price!
Clean Hydro-electric power plants with over a 100 year life span!
2006-07-18 00:19:40 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Not anytime soon, in reality the US gets very little oil from the Middle East. Most of their supplies go to Europe and Asia. If the US were to go off the oils standard it probably would not hurt their prices over there since most of who is buying now is China and Russia, both have high demands.
2006-07-17 13:58:18 · answer #5 · answered by JFra472449 6 · 0⤊ 0⤋