Re: Replicators

Willie.Mookie@xxxxxxxxx wrote:
At a recent conference in Saudi Arabia, the Saudis said they worried
that $140 per barrel would cause those in the West to develop
technologies that make oil obsolete well before they run out of oil.
The major oil companies worried about the same thing, which is why it
was not generally reported in the news. As far as the public is
concerned, there are no solutions to our energy problem, except pay
increasingly high prices. Which is ludicrous.

I have spoken with the White House, and Congress, and the Pentagon,
since 2004 - and I have said the same thing. A strong COMMITMENT from
the leadership of this nation to a workable alternative energy program
that delivers synfuel at $25 per barrel - would IMMEDIATELY be
discounted by speculators, and producers alike, and quickly bring oil
in under $25 per barrel. Just the announcement of a program to
deliver $25 per barrel oil, and a national commitment to make enough
synfuel to export it at this price, would immediately reduce the cost
of oil.

So, why hasn't the leadership done this?

SDI helped defeat the Soviets, even though SDI wasn't built. Same
here. The day the President commits this nation to low cost energy,
is the day energy prices come down.

So, why hasn't the leadership done this?

Well, I think it has to do with debt to equity. Just as a minor
decrease in equity caused by the collapse of the subprime loan market
killed Bear Stearns - so too, will a relatively large decrease in oil
prices cause the collapse of presently strong - oil companies -
because with their escalating cash and revenue - oil companies have
increased their debt loads, and if the price of oil in the ground
collapses, their equity situation would quickly lead them bankruptcy
despite strong cash flows and the ability to service debts.


We have no leaders. Those people in Washington are just lining their pockets with oil money bribes.
.

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