Hmm.
50K.
The internal combustion engine is here to stay.
Its a fact there are millions of years of oil, but the Washington elite wont allow drilling (the whole bunch up there are culpable, both sides).
Cool vid though.
Hmm.
50K.
The internal combustion engine is here to stay.
Its a fact there are millions of years of oil, but the Washington elite wont allow drilling (the whole bunch up there are culpable, both sides).
Cool vid though.
hydrogen is the future of automotive... the tesla isn't here to stay for long
i made one of those water into hydrogen converters. never actually put it on a car but it sure makes fun rocket fuel
yea the cool thing about hydrogen is that its a never-ending supply... on top of that it gets similar fuel economy to that of a normal car, when it comes full circle all you'll really need to do is stop off at a pump and fill'r up... plus none of those annoying NOx gasses that are the super dangerous greenhouse kind.
Thus potentially saving motorsports for those of us in a gearhead nature....
No, it's not. As oil prices continue to rise (and they will continue to rise indefinitely) the IC engine will become prohibitively expensive to run.
It has nothing to do with the "Washington elite". There's oil out there, but it's in more and more inaccessible locations and the cost of getting it out of the ground is only going to continue to rise.
On a side note you should find a new place to get your news, domestic oil production is currently at a 21 year high. Obama's administration has allowed unprecedented drilling, prices are high because of foreign demand.
http://www.csmonitor.com/Environment...op-right-Wrong
Ever so many citizens of this republic think they ought to believe that the Universe is a monarchy, and therefore they are always at odds with the republic. -Alan Watts
I work for the company building the Paragon
I don't think it would be fair to credit only Obama for the increased production, it is probably safe to assume that Bush had something to do with it, I agree with your sentiment though. There was a recent report that indicated that the US is on its way to being a top producer of NG and that a large percentage of the worlds new oil supply will be coming from the US. I somehow doubt that fuel prices are going to plummet as a result. You will probably find that as we start to produce more, OPEC and other producers will scale down production. The international energy market is not a true free market in my opinion.
That's a half truth, supply is only "increasing" if you neglect cost. Actual reserves aren't increasing at all, even if there is a LOT of oil out there - the only thing that's going up is the amount of money companies are willing to spend to get to them, which is driven by the cost of oil.
http://www.fool.com/investing/genera...companies.aspx
Ever so many citizens of this republic think they ought to believe that the Universe is a monarchy, and therefore they are always at odds with the republic. -Alan Watts
I work for the company building the Paragon