How long until GM folds?
11-07-2007, 12:40 PM
#22
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Originally Posted by GoldenBullet
i have a feeling that GM is going to fail when the majority of the other car companys fail when our oil runs out around 2020-2030
11-07-2007, 12:42 PM
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Originally Posted by bandit
Originally Posted by GoldenBullet
i have a feeling that GM is going to fail when the majority of the other car companys fail when our oil runs out around 2020-2030
11-07-2007, 12:46 PM
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bandit,
I hate to tell you, but unless we find a big ball of oil floating in space and tow it in, we're out. I can put up the known reserves versus demand figures for the last 30 years and let you do the math. We have 36 years left at 2002 consumption levels. If we cut back to 1982 consumption levels we have 50 years left. If we simply sustain the rate of increase between 1992 and 2002 we have 28.8 years left. Now that assumes two things. (1) that China and the US (the largest consumers) will NOT increase their consumption and (2) that we won't find a huge ball of oil that we can tap (new reserves).
It'* not about liberal or conservative ideology, its not about being a radical environmentalist, its not about being anti-car. It is the known reserves in the ground minus our consumption. Period.
Note: my figures are from 2002/03 so may be slightly off, but not significantly.
I hate to tell you, but unless we find a big ball of oil floating in space and tow it in, we're out. I can put up the known reserves versus demand figures for the last 30 years and let you do the math. We have 36 years left at 2002 consumption levels. If we cut back to 1982 consumption levels we have 50 years left. If we simply sustain the rate of increase between 1992 and 2002 we have 28.8 years left. Now that assumes two things. (1) that China and the US (the largest consumers) will NOT increase their consumption and (2) that we won't find a huge ball of oil that we can tap (new reserves).
It'* not about liberal or conservative ideology, its not about being a radical environmentalist, its not about being anti-car. It is the known reserves in the ground minus our consumption. Period.
Note: my figures are from 2002/03 so may be slightly off, but not significantly.
11-07-2007, 12:50 PM
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What I propose is a very very LARGE tax on gas guzzlers, anything below 20 mpg avg., so we can put that money towards alternate fuel R&D.
11-07-2007, 12:53 PM
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Originally Posted by two bonnies
bandit,
I hate to tell you, but unless we find a big ball of oil floating in space and tow it in, we're out. I can put up the known reserves versus demand figures for the last 30 years and let you do the math. We have 36 years left at 2002 consumption levels. If we cut back to 1982 consumption levels we have 50 years left. If we simply sustain the rate of increase between 1992 and 2002 we have 28.8 years left. Now that assumes two things. (1) that China and the US (the largest consumers) will NOT increase their consumption and (2) that we won't find a huge ball of oil that we can tap (new reserves).
It'* not about liberal or conservative ideology, its not about being a radical environmentalist, its not about being anti-car. It is the known reserves in the ground minus our consumption. Period.
Note: my figures are from 2002/03 so may be slightly off, but not significantly.
I hate to tell you, but unless we find a big ball of oil floating in space and tow it in, we're out. I can put up the known reserves versus demand figures for the last 30 years and let you do the math. We have 36 years left at 2002 consumption levels. If we cut back to 1982 consumption levels we have 50 years left. If we simply sustain the rate of increase between 1992 and 2002 we have 28.8 years left. Now that assumes two things. (1) that China and the US (the largest consumers) will NOT increase their consumption and (2) that we won't find a huge ball of oil that we can tap (new reserves).
It'* not about liberal or conservative ideology, its not about being a radical environmentalist, its not about being anti-car. It is the known reserves in the ground minus our consumption. Period.
Note: my figures are from 2002/03 so may be slightly off, but not significantly.
i think there still TONES more oil that we have not found. also dont forget about the Big supply in Alaska that we are nto ever using yet.
11-07-2007, 12:54 PM
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Originally Posted by petraman
What I propose is a very very LARGE tax on gas guzzlers, anything below 20 mpg avg., so we can put that money towards alternate fuel R&D.
the big wigs making millions off of Joe the consumer DO NOT WANT to see a alternative fuel source happen, When that happens the millions they make every day will vanish. So intil someone jumps on the clean fuel train this is the way it is going to be.
11-07-2007, 12:57 PM
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bandit,
it is not belief. it is fact. The supply in Alaska? One day of US consumption. That'* it. With the price of oil as high as it is, oil companies are searching high and low for oil. Ask any petroleum geologist. We squeezing the planet'* oil reserves dry. Even if there are big reserves under the oceans, once you get below a certain depth of water there is currently no technology that can get to it. Just look up known reserves. and then go look up consumption. Then do the math.
it is not belief. it is fact. The supply in Alaska? One day of US consumption. That'* it. With the price of oil as high as it is, oil companies are searching high and low for oil. Ask any petroleum geologist. We squeezing the planet'* oil reserves dry. Even if there are big reserves under the oceans, once you get below a certain depth of water there is currently no technology that can get to it. Just look up known reserves. and then go look up consumption. Then do the math.
11-07-2007, 12:59 PM
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Besides, keep in mind we have some of the cheapest gas of any major country. Heck, even England has an average of 6-7 bucks a gallon...
11-07-2007, 01:01 PM
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Originally Posted by petraman
Besides, keep in mind we have some of the cheapest gas of any major country. Heck, even England has an average of 6-7 bucks a gallon...
and they dont have to drive 25miles EACH way to work
