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    Oil prices projected to remain above $50 a barrel for decades
    Posted on Tuesday, December 13, 2005 @ 20:28:37 GMT by vlad

    General Elusis writes: Dec. 13, 2005 12:00 AM

    Oil prices are projected to remain well above $50 a barrel for years to come, resulting in a greater shift to more fuel efficient cars and alternative energy sources, according to an analysis released Monday by the Energy Department.

    The analysis reflected a sharp change from the department's projections a year ago when it predicted oil prices in constant dollars, not counting normal inflation, would decline to $31 a barrel by 2025.

    The report by the department's Energy Information Administration now projects oil will cost an average $54 a barrel in 2025 and $57 a barrel in 2030 before inflation. Crude oil prices have been hovering around $60 a barrel, briefly soaring as high as $70 earlier this year.

    - Associated Press


    How long will the citizens of this planet take the shit that is being handed to them. The push for free energy must be validated by the ever plumeting state of our environment, not to mention the vast amount of people that suffer under the rule of the almighty dollar. The WORLD deserves to live free! If we continue to pollute by burning fossel fuels we wont have a place for our children to grow up in. And it is even more of a slap in the face when we realize that we could have already had free energy a LONG time ago.




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    "Oil prices projected to remain above $50 a barrel for decades" | Login/Create an Account | 3 comments | Search Discussion
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    Investment leaders press world governments to accelerate clean technology markets (Score: 1)
    by vlad on Tuesday, December 13, 2005 @ 20:52:56 GMT
    (User Info | Send a Message) http://www.zpenergy.com
    From Fuel Cell Today: In the week that World leaders meet in Montreal to agree future climate policy, senior investment leaders from Europe and North America call for a new dialogue between business and policymakers on how to deliver a step change in investment into clean energy technologies. The Transatlantic Investment Forum statement reads: Delivering a low carbon economy means engineering a massive switch in investment into clean technologies. Ultimately it will be the business community that will make this investment, either through companies developing new technologies, businesses that generate and distribute energy or businesses that use energy to produce goods and services. Clean technology markets will not develop at scale without Government intervention. There is therefore a clear role for policymakers to engineer this shift in investment by designing policies that work with the grain of markets. However, technology markets are complex and unpredictable and there have been many false starts over the years. This highlights the need for policymakers to understand better what drives investors. For example, in the UK in the 1970s large amounts of public money was spent on technology-driven projects that failed because no markets existed for the technologies that were developed...Full story: New Energy Tech Investment [www.fuelcelltoday.com]

    Re: Oil prices projected to remain above $50 a barrel for decades (Score: 1)
    by nanotech on Wednesday, December 14, 2005 @ 07:12:07 GMT
    (User Info | Send a Message)
    What the robber barons/oil men fear the worst is a true free energy or decentralized ultra cheap energy system. Even a true SOLAR HYDROGEN FUEL SYSTEM that is close looped: We use solar energy collected and stored to split hydrogen from oxygen in water, and then burn the hydrogen for fuel. They may "tolerate" the system IF they had control over the hydrogen storage and supply but with a true solar hydrogen system that would not be possible. Any locale could produce their own hydrogen fuel and pipe it around. Fuel would become ulracheap, and thus all of the costs of things related to fuel and energy (aka EVERYTHING) will drop, and it will be easier for people to get by and enjoy life.

    Goldman Sachs: Oil prices to stay high for years (Score: 1)
    by vlad on Thursday, December 15, 2005 @ 21:13:35 GMT
    (User Info | Send a Message) http://www.zpenergy.com
    Investment bank sees crude entering a 'super spike' phase

    Reuters/Updated: 12:18 p.m. ET Dec. 13, 2005

    LONDON - Oil prices, which hit record levels this summer, have entered a "super spike" phase that could last for four more years as global demand booms and supply growth slows, Goldman Sachs analysts said on Tuesday.

    "We disagree with what appears to be a growing consensus that crude oil prices reached their peak levels earlier in 2005," said the firm's Global Investment Research.

    The analysts said oil demand remained resilient and supply growth lacklustre, prompting them to keep their average U.S. crude price forecast for next year unchanged at $68 a barrel.

    Full story: http://msnbc.msn.com/id/10449918 [msnbc.msn.com]


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