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Thread: OK I give up...

  1. Does china have no oil under it?

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  3. #12
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    Quote Originally Posted by kwo51 View Post
    Does china have no oil under it?
    Actually about two weeks ago when the oil prices took a slight drip China had just announced that they were going to increase the cost of fuel and drill for oil, can you imagine what would happen to the oil futures market if they were to hit a big oil deposit and become independent of outside sources? One thing for sure though they will look and drill every where including red square.
    Last edited by Sheldon; 06-27-2008 at 11:57 AM.

  4. #13
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    Quote Originally Posted by whiskey View Post
    can this synthetic be refined into gasoline? at an affordable cost?
    It can and is being refined into gasoline right now. Maybe it will become more affordable as refining techniques advance.

    Quote Originally Posted by Sheldon View Post
    Actually about two weeks ago when the oil prices took a slight drip China had just announced that they were going to increase the cost of fuel and drill for oil, can you imagine what would happen to the oil futures market if they were to hit a big oil deposit and become independent of outside sources?
    As their supply increases, the demand will quickly increase to compensate, because they have so much pent-up demand. It's almost certain that they have far more people than oil.

    True, long-term "energy independence" based on oil isn't realistic unless you have truly massive deposits, a relatively small population, and consume all you want before exporting it as a fungible commodity. Kuwait, Saudi Arabia, (formerly) Iraq, etc fall into this category - they don't have that many people using cars but they do have a lot of oil. Even in that case, it doesn't last longer than a few decades.
    Silent Running, by Mike and the Mechanics

  5. If we use hemp oil maybe all us drivers will ssssllllooowwww down . Far out man. Stop sucking on that tail pipe.

  6. #15
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    Quote Originally Posted by kwo51 View Post
    If we use hemp oil maybe all us drivers will ssssllllooowwww down . Far out man. Stop sucking on that tail pipe.
    Suddenly, the food service industry would pick up too.
    Silent Running, by Mike and the Mechanics

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