Featured Is Oil On The Way Up?

It won't be tit for tat. Iran desperately needs the money, while Saudi Arabia is very well positioned with a huge cash reserve for an extended price war against Iran and other unfriendly oil producers.

 

I think Iran may outproduce their old 2.9 mbd quota if Saudi does not cut back. They need the sanctions lifted before they do that, but I expect it to happen.

Iran even with the sanctions on had plenty of money to spend on a nuclear program and to fund terrorism. Saudi also has been funding terrorism for a long time. Iran stated yesterday that they thought everyone should cut back to get oil to $80/bbl, and $70-$80/bbl would probably be a market price if there wasn't a cartel with shortage caused price spikes, then over production.

I know our government considers saudi arabia friendly and iran unfriendly, but I don't think either country is our friend. Here Saudi is attempting to plow under american and russian oil then raise the price.

The only way for the US to win is not to play the game, which means use less opec oil.

I agree saudi did this to hurt Iran, as well as the US. I just think Iranian government is in a good position to fight the price war, proxy terrism wars with saudi arabia and the US. Right now we are sided with Iran on ISIL in Iraq and Syria, and with Saudi Arabia on Yemen
Saudi king wants Obama to tackle Iranian 'mischief' - Al-Monitor: the Pulse of the Middle East

 

maybe you didn't get the notice - but 95-ish % of hydrogen is distilled from our petro-drilling.

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I don't think hydrogen will work, but in the US very little hydrogen comes from petroleum, it is fossil, but from domestic natural gas. Natural gas based hydrogen is better for america in the long term than opec based oil, but I don't think we need either.

We get about 7% of the energy in E10 from biofuels, and to get this we use natural gas for ferilizer, manufacturing, pumping, etc. Those biofuels and the threat of plug-ins, are part of the reason OPEC is broken. We should work to keep it broken. Including plug-ins, hybrids, biofuels, fuel taxes (government not implementing), and even fuel cell research.

 

Hill nobody distills H2 except for rare cryogenic Liquid H2. I think you are trying to say H2 is made from natural gas.

 

yes i'm lazy & distill has less letters then Reformation
In the broadest sense, water is distilled via evaporation & natural gas's methane undergoes heat to "in a manner of speaking" distill/ reform hydrogen. In my flawed logic I use 'em as Quasi/synonyms.
The word-misuse that bugs me is when people say irregardless ... when they should just say, "regardless of distill not being right, I'll likely keep saying distill"
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I don't disagree with you, I'm just disappointed in myself that I believed in all the "Chicken Little" hype a couple of years ago that gas prices will go up and probably remain high. That's the main reason I traded in my beautiful truck and bought this creaking and noisy gas saver. I'm just not sure if it was worth it in the long run like I said I doubt whether I'll recoup my cost which is now become over a $8k difference in just 3 years.

 

Maybe our's has lead a sheltered life, but "creaking and noisy" doesn't come to mind.

 

I tried to say, at that time, that we were in an usual period, perfect for EV roll-out, whereas gaso price was very high relative to elec, and that trend may not be the long term future. I was pretty much alone on it though.

Well if EPA moves to create a transportation equivalent of the Clean Power Plan, that truck may need to be retired anyways for mandated CO2 abatement.

 

yep, if you bought it to save money, it was probably a mistake. and that's not even in hindsight, it takes a very specific set of circumstances.

 

I have no idea if fuel cell cars will be the norm in 25 - 50 years, but Toyota is putting money there. If it happens I'll never see it fully realized. Maybe in my 80's I can own I hydrogen car that drives its self.

I like the concept of 300 miles per tank, 5 minute refill, and zero emissions (water). I know that making H2 creates some pollution. Hopefully we will see more nuclear, hydro, and solar power in the future.