Comments on: OPEC trims oil demand forecasts

By: Reckless1

Reckless1 — Tue, 17 Feb 2009 21:24:25 +0000

That last topic displays real poverty thinking.

If “the punters” have nothing (because the bosses have it all) and they lose everything, then in reality they’ve lost nothing.

But if the rich bosses and pollies lose half their money, well, they’ve actually lost something. Except they never had “poverty thinking” like the punters have.

By: Cupid Stunt

Cupid Stunt — Tue, 17 Feb 2009 13:35:34 +0000

Jekyl – The days of motoring and enjoyment are gone, the Gov’s don’t want to let us enjoy ourselves anymore but we are allowed to increase our productivity to get the pollies richer. The world is a too sensible place now. Blame the Gov’s and the media (CA excepted).

As for the anouncment of more job losses, this so-clled downturn is just a worldwide correction for the booming economies over the last 15yrs. Co’s have been creaming millions from punters, now the losses are building up it’s the punters losing out by losing their jobs. THe riich stay rich the poor get beaten down further. Don’t believe that’s off-topic.

By: Reckless1

Reckless1 — Tue, 17 Feb 2009 13:32:08 +0000

Haha, Salesman, you made me laugh with your comment about 30 years supply left. In the Oil Crisis of 1972, we were told there was less than 30 years supply left…….same in 1978, 1991, and a couple more as well, – I can’t remember them all

But I agree, Hydrogen is the way of the future, but the Hydrogen can be economically created only with nuclear generated electricity.

In fact, using the abundant and super cheap energy available from nuclear material, we can generate all the electricity we need, including enough to cheaply desalinate all the water we will need, and manufacture all the hydrogen, aluminium, and steel we need.

By: JEKYL & HYDE

JEKYL & HYDE — Tue, 17 Feb 2009 12:50:37 +0000

gee,it doesn’t take much to get your comment removed.for those wondering,i simply said that the higher price the oil cartells were charging for their oil could be one of the chief reason’s why their not selling more.it’s called “lets suck the life out of the customer”.banks,your power company,your insurance agent,and your doctor,are some others…

i will add that if ford and holden stop producing rwd cars,we might as well all race out and buy and electric car,i mean,all the fun will have gone,and i for one haven’t got the coin for a beemer…

By: Falcodore

Falcodore — Tue, 17 Feb 2009 08:49:55 +0000

Read on another wesite that the pump price should steady at around $1.20, still a bit much i reckon.

Agree with you about hydrogen, Salesman. So does Mazda, Honda and BMW to name a few.

By: Huge

Huge — Tue, 17 Feb 2009 07:38:30 +0000

For some oil companies because the price of oil is so low they aren’t making money getting the stuff out of the ground. So the next thing is to increase refinery and marketing margins to recover costs ( and to keep shareholders happy). The pump price will unlikely fall dramatically again for some time.

By: The Salesman

The Salesman — Tue, 17 Feb 2009 07:28:15 +0000

I hear we have about 30 years of supply left. I would call that nearly. Hydrogen is the way of the future. We might even reverse some of the damage on the planet. Since we don’t have a new one to move to. That I know of…..

By: Reckless1

Reckless1 — Tue, 17 Feb 2009 07:13:51 +0000

We are nowhere near out of oil.

But this recession in worldwide demand will cause developed nations to successfully reduce reliance on the OPEC cartel by developing alternatives.

The OPEC cartel is going to suffocate, I think. The more they reduce production, the faster our alternatives will develop.

A bit like the Russian “Cold War” recently waged against Europe by turning off the gas supply. Every idle nuclear power station all over Europe and especially the old Eastern Block is being refurbished, so the Russians will lose a huge slice of their income from Gas in the future. Better a cheap nuclear plant than a total dependance on the Russians – What were the Europeans thinking ????

And John, you are right – we are being raped blind by the oil companies, and the ACCC is doing nothing.

By: Frenchie

Frenchie — Tue, 17 Feb 2009 02:25:12 +0000

Bring on the hydrogen fuel cell!

By: The Salesman

The Salesman — Tue, 17 Feb 2009 02:17:20 +0000

We are nearly out of oil? Brilliant. The sooner the better Then we might finally move forward and develop better technology