Comments on: Look out below, part 2

By: ZK

ZK — Fri, 02 Jan 2009 05:58:05 +0000

Interesting video… http://www.iousathemovie.com/

By: Roy

Roy — Wed, 31 Dec 2008 17:20:46 +0000

The bank needs to raise and not lower its interest rates. This will be the only way to stop the borrow to spend cycle. I think the banks might be on to this . Borrowing money to pay off debt ,borrowing money to buy over priced real estate, borrowing money for things we don’t need. I guess we learned nothing from the U.S……..Think about it people………

By: nonplused

nonplused — Wed, 31 Dec 2008 06:10:16 +0000

Biologically creating oil and stuff we want from oil (nobody buys oil, we buy gas and diesel) has been around for decades. The Germans were running their army on fuels made from coal during the second world war because Hitler went for I think it was Stalingrad rather than the oil fields as advised by his generals.

Problem is, like ethanol or hydrogen, these exotic ideas require a lot of energy as an input. Where is that energy to come from???? The second law of thermodynamics must be observed.

By: Alex Curylo

Alex Curylo — Tue, 30 Dec 2008 13:38:35 +0000

@ PeakOil (and all the rest of you)

“So depletion doesnâ€™t exsist in your world. Oil is an infinite resource…”

Actually, that part’s correct. The wrong part is “drill a well”. People like Sapphire Energy are going to have biologic oil creation economically competitive long before we have to worry about the wells running dry.