Why Oil Really Fell Today—and Could Keep Falling

I would love to get Picenns take on this subject Can we get his opinion? PLEASE! He is the guru on on altrnate energy.

philip Lirel of GA @ Aug 09, 2008 20:46:53 PM

Stooopid

Half the time, we are told that water is a precious resource, and that there is not enough to go around. World Wars will occur over water. More people, less water.

Where I live, the population seems to be rising faster than our ability to deliver water. Everyone must conserve. Don't waste it, there is hardly enough to go around as it is. The price is going through the sky already, in order to force everyone to use less.

Now the dimbats want to use the water to create energy? This will result in the cost of water to the consumer to rise by a factor likely to exceed 1000%. You want to wash your clothes? Take a shower? Fill your swimming pool for a hot summer? You better hope you are at least a US Senator, or you won't be able to afford any of those things.

John of UT @ Aug 07, 2008 15:23:09 PM

Video about Nocera-Kanan discovery

Perhaps your readers would be interested in watching a 10-minute video about the Nocera-Kanan discovery. It’s the pilot for a project called Chemical Explorers, a series of Internet videos about interesting developments in modern chemistry. Because it’s intended for a general audience, the video doesn’t go into the kind of technical detail that some of the earlier posts do. But it does allow viewers to hear directly from the two chemists behind this discovery, it shows the cobalt catalyst in action, and it tells the interesting story of how the discovery came about. The video can be watched at the following site:

http://chemicalexplorers.blip.tv/#1150780

Steve Lyons

Stephen Lyons of MA @ Aug 07, 2008 14:57:44 PM

blown out of proportion

For those of you unfamiliar with electrolysis and its history, this is not as exciting as the media is making it seem, for many reasons. Its not all BS, but not even close to practical technology. Nickel films on steel work better than what they've found, and cobalt oxides have long been known to electrolyze water.

http://www.journalarchive.jst.go.jp/jnlpdf.php?cdjournal=bcsj1926&cdvol=51&noissue=7&startpage=2183&lang=en&from=jnltoc

That being said, we do need a manhattan project to encourage scientists to team up toward practical energy solutions. As of now we are working in small groups, trying to get our papers out so we can convince funding agencies to keep our work afloat. There is not nearly enough investment in revolutionary renewable energy research, and there needs to be.

RuBipy of CA @ Aug 07, 2008 14:55:54 PM

Wrong, wrong, wrong

You have no idea what you are talking about. The media, yourself included, continue to amaze me at the shear magnitude of stupidity. I don't know what it is with the MSM corporate media. I find myself asking: "Are they intentionally lying to us?" I suggest you actually READ what the MIT professors proposed before spouting off on the "real reason" oil dropped below $ 120. You are flat out wrong. It amazes me that you actually get paid to put your opinion on paper. What a waste of space.

Oil is on a long term systematic price correction not to $ 20-40 a barrel like many prognosticators predict but to $ 200+ per barrel. You need to get used to more expensive energy because it's only going to get more expensive. There's NO MAGIC TECHNOLOGY BULLET. The reason oil is increasing in price is because we've reached peak oil production. It's that simple. No voodoo reasoning here. There is simply not enough oil to satisfy demand so we have a long term price increase to compensate for the lack of additional oil. You have 2.2-2.5 billion Indians/Chinese who also want to share in the stuff. That tends to not help prices. It has nothing to do with speculation. It has nothing to do with magical technology. In my view, the price declined because the U.S. economy is in a recession and even U.S. Federal stats (which we all know we can't really trust) show a steady decrease in gasoline consumption.

Eric Engel of WA @ Aug 07, 2008 00:33:55 AM

WTF POS

Hydrogen is not a source of energy--oil & other carbon fuels ARE sources--it is merely a carrier of energy and a lousy one at that.

This stuupid article reminds me of cold fusion.

john of CA @ Aug 06, 2008 22:59:30 PM

Total nonsense

I'm a physicist turned energy investor. James Pethokoukis' article or speculation is total nonsense. First, correlation is not causation. He's ideologically committed to a particular line of thought, he read about a scientific finding, and that oil markets are down a bit, and he decides to connect them without any evidence at all.

It's terrible journalism and should not be allowed.

Oil markets are up and down all the time. Stop finding correlations where none exist.

Captain Quirk of CA @ Aug 06, 2008 20:43:16 PM

We're Saved!

Energy problem solved! We can use the electricity from the space solar farm that we are going to build, beam it down, feed it into some water, and voila!

Graham of OR @ Aug 06, 2008 18:37:37 PM