Re: Replicators

On Jul 9, 8:06 am, Claude Hopper <boobooililili...@xxxxxxxxxxxxxx>
wrote:
Willie.Moo...@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.- Hide quoted text -

- Show quoted text -

That is true to some extent, but its not as simple as that. It is
true that no one in the alternative energy business has created a
technology that can compete even in theory with the revenues generated
by pumping oil. I have. So, that gives legislators a rationale to
bail from a sinking ship.

The situation is not unique in history. The history of Britain is
replete with self serving leaders in times of crisis. We muddled
through and progressed. There is no reason to suspect that we won't
succeed here. Consider the time of King James and the Barons that
forced him to limit his powers - and sign the Magna Carta. There are
9.5 million millionaires in the world today. Collectively they
control 38.2 trillion dollars - most of that liquid. This is the
basis of all national wealth. They are recognizing that their
collective business interests supercede national interests, and I
believe within the next decade or so they will organize to limit and
restrict the power of nation-states to wage war, collect information,
and dispense disinformation - and create an environment that is
beneficial to them and their business interests, and in this way,
create a safer saner world than possible with power elites at placed
at odds with one another merely because they are on opposite sides of
a national border. This transformation will be accelerated by
resolving the crisis with respect to commodity price increases and
reduced availability of key commodities. In general this will be
resolved by tapping into resources off-world. Terrestrial solar is
the first step. There are others. Space solar, and asteroidal
capture are immediately doable after the first step. Asteroid mining
with telerobotically operated space factories - and the same GPS
guided technology - implemented at a far lower cost - will allow
deorbiting finished products directly to consumers from space.
Solving the energy problem - which has been delayed for 35 years -
will finally release the world from energy supply constraints, and
profits flowing toward the investors in the new infrastructure will be
reinvested in creating additional off world assets that supply an
expanding global economy of unprecedented proportions - exceeding $1
quadrillion per year - in current dollars - in a generation.
.

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