## $139 a barrel Well, you might guess by my screenname the method of power generation that I support. I really believe a commercial reactor could have been running by now if people were aware enough of the progress of the technology, and if they cared enough about its benefits. It just doesn't get the funding it deserves... not even close  Quote by Ivan Seeking We are approaching peak oil, but no one knows precisely where the line may lie. For now, we are pumping more crude than ever before, so peak oil is not the issue. What data sets from which oil fields are you using? Most people say we either are AT or PAST peak. The peak hit about six years ago, which would coincide with the evil emperors arrival!  Recognitions: Gold Member Science Advisor Staff Emeritus After spending a lifetime working to be a part of the energy solution, I will say that IMO, you have the Republicans to thank for his. Democrats have been pushing for alternatives since the 60s. And for doing so, they were scorned and ridiculed by the right-wing. The biggest offenders of all are the neo-cons, who turned scorn to hate. The attacks on Al Gore are perfect examples. Even winning a Nobel prize only drew contempt from the neo-cons. Maybe people will finally stop listening to these idiots. Vote for Obama. Recognitions: Gold Member Science Advisor Staff Emeritus  Quote by seycyrus Yeah, we really should have switched to solar power 40 years ago! Solar power wasn't viable 40 years ago. It is barely a viable option today.  What's really too bad is that we haven't managed to bring a SINGLE nuclear power reactor online in 40 years! Thanks libs! We still don't have viable electric cars. Nor do we have an electric infrastructure that could support a nation of electric vehicle. That wouldn't solve the problem.  This is precisely why Mccain should not be voted for. I think if Obama wins the elections, he can talk with and have better relations with whole world, which is ruined by the current administration. Us Egyptians never really had so much trouble in our relations with the US as much as we had during the Bush years. sorry wrong section Mentor Blog Entries: 4  Quote by Ivan Seeking After spending a lifetime working to be a part of the energy solution, I will say that IMO, you have the Republicans to thank for his. Democrats have been pushing for alternatives since the 60s. And for doing so, they were scorned and ridiculed by the right-wing. The biggest offenders of all are the neo-cons, who turned scorn to hate. The attacks on Al Gore are perfect examples. Even winning a Nobel prize only drew contempt from the neo-cons. Maybe people will finally stop listening to these idiots. Vote for Obama. Ivan, it was the Democrats that opposed nuclear power in the 70's. And they're still opposed to it. http://www.nytimes.com/2007/10/23/wa...=1&oref=slogin  Recognitions: Gold Member Science Advisor Staff Emeritus But the "libs" have been pushing for higher fuel efficiency all along.  Quote by Ivan Seeking After spending a lifetime working to be a part of the energy solution, I will say that IMO, you have the Republicans to thank for his. Democrats have been pushing for alternatives since the 60s. Show me the nuclear power legislation that they proposed.  Quote by Ivan Seeking And for doing so, they were scorned and ridiculed by the right-wing. The biggest offenders of all are the neo-cons, who turned scorn to hate. Uh yeah...  Quote by Ivan Seeking The attacks on Al Gore are perfect examples. Even winning a Nobel prize only drew contempt from the neo-cons. Oh, let's turn this into another GW debate. but but but...how can there be a debate? Haven't we been told time and time again that the entire scientific community is in entire agreement on this issue? *scoff*  Quote by Ivan Seeking Maybe people will finally stop listening to these idiots. Vote for Obama. Oh yeah, Obama's "We need to look for energy alternatives plan" is SOOOO much betterthat McCain's "we need to look for energy alternatives" plan. Recognitions: Gold Member Science Advisor Staff Emeritus  Quote by Evo Ivan, it was the Democrats that opposed nuclear power in the 70's. And they're still opposed to it. http://www.nytimes.com/2007/10/23/wa...=1&oref=slogin I addressed that point. Nuclear power wouldn't solve the problem. What's more, there are still plenty of viable objections to nuclear power, just as we thinkers have argued for more fuel efficient vehicles all along.  Quote by Ivan Seeking Solar power wasn't viable 40 years ago. It is barely a viable option today. That was my sarcastic point.  Quote by Ivan Seeking We still don't have viable electric cars. Nor do we have an electric infrastructure that could support a nation of electric vehicle. That wouldn't solve the problem. So, since we are not capable of perfection, let us not build a SINGLE nuclear power reactor! Recognitions: Homework Help Science Advisor  Quote by seycyrus What data sets from which oil fields are you using? Most people say we either are AT or PAST peak. The peak hit about six years ago, which would coincide with the evil emperors arrival! The most vociferous "peak-oilists" have said the peak has past already. James H. Kunstler, for example, professes the belief that the Saudis are outright lying about the quantity of reserves they have. Rumors are leaking out of that country that a lot of salt water is coming out of the wells (salt water is pumped in to get the oil to rise out; when the water starts coming out, you know the well is nearly finished). The analysts for the oil companies are professing the "plateau" that will last for 30 or 40 years. THe rosiest prediction (I'm searching for the link) stated that we wouldn't even hit the plateau for another 20 years. Edit: Here's the link to CERA, the oil company's friend in DC http://www.cera.com/aspx/cda/public1....aspx?CID=8444 The article is two years old. Compare it to some of the more updated articles here http://www.theoildrum.com/tag/plateau Truth, as always, lies in the middle. Regardless, the prices are never going to fall. As I keep telling everyone, stop blaming the "other guy." Stop blaming liberals, stop blaming conservatives, stop blaming oil companies, stop blaming environmentalists, stop blaming Hummer drivers, stop blaming Bush (...no, keep blaming him, the twat!) and learn how to live with the "new economy."  Quote by Ivan Seeking I addressed that point. Nuclear power wouldn't solve the problem. What's more, there are still plenty of viable objections to nuclear power, just as we thinkers have argued for more fuel efficient vehicles all along. Nuclear power wouldn't solve ALL of the problem, just like more fuel efficient vehicles wouldn't solve ALL of the problem. Nuclear power would certainly reduce our dependence. Those *viable* objections simply do not cut the mustard in explaining why we have not built *ONE* power reactor in 40 years!  Well, I don't really see any good short term solutions. But ITER is a promising step. Recognitions: Homework Help Science Advisor  Quote by seycyrus Those *viable* objections simply do not cut the mustard in explaining why we have not built *ONE* power reactor in 40 years! Of course you meant to say 20 years, right? It's only been forty years since the first plant went on line.  Quote by Chi Meson Of course you meant to say 20 years, right? It's only been forty years since the first plant went on line. If you've got some dates, please give them. I don't mean to sound hostile, but I'm not at my home computer, and I don't have my references. of course, 40 years is not the correct number. Edit: It might be correct acutally. the first plant went online in '57. 50 years ago. I'm talking about plans being drawn up and ground broken for a new plant, not finishing up construction that was started earlier. Recognitions: Gold Member Science Advisor Staff Emeritus  Quote by Chi Meson Stop blaming liberals, stop blaming conservatives, stop blaming oil companies, stop blaming environmentalists, stop blaming Hummer drivers, stop blaming Bush (...no, keep blaming him, the twat!) and learn how to live with the "new economy." Blame is not the point. We have an election coming up, and it is time for everyone to recognize that the Republicans have always been the problem. Enough is enough. The crisis that we have worked so hard to avoid for forty years may finally be upon us. As for the other comments made: I'm not a liberal nor a Democrat. I consider myself more Libertarian than anything, and I am an Independent. I don't like Obama because he is liberal, I like him because he is the right man for the time, and he is extremely smart, if not brilliant. We need someone as smart as him in times like these. Admin  Quote by DT_tokamak Well, I don't really see any good short term solutions. But ITER is a promising step. The building of ITER won't get underway until next year, and it was take several years to get it up a running, and then it may or may not prove feasibility of fusion for electrical energy. Tokamak assembly starts 2012, and first plasma is anticipated in late 2016. http://www.iter.org/a/n1/downloads/c...n_schedule.pdf It takes about 5-6 years to construct a nuclear plant - if all goes well. To be fair to the anti-nuke and skeptics, the nuclear industry got sloppy in the 70's and 80's, and the accident at TMI-2 didn't help instill confidence in the industry, nor the fire at Browns Ferry in which a work lit insulation on fire with a candle while trying to look for air leaks. The fire burned the cables to the reactor control systems. Most of the natural gas fired plants built since 2000 lose money with gas much above$3/MBTU. They were budgeted on low cost natural gas.

As for oil supply, the non-OPEC nations are holding back. They don't have to produce more, but instead they can sit back and watch the price of oil increase.

Then there are the speculators on the commidities exchange who keep bidding up the price, based on speculation that oil may not be available, e.g. if a hurricane hits the Gulf of Mexico again.

The oil companies don't have to compete for customers, so they can pass on the cost to consumers, and their production divisions can rake in the money.