in technology that will make oil almost obsolete. With all the know how and smart people in this country, I have a feeling that something is on the verge of happening that will be developed and we can tell OPEC to keep their oil. Am I being too optomistic?
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The technology is there to replace oil. But-getting cars out to the public in mass forms is going to still take decades. We know how to build hydrogen cars. We know how to build electric cars. But getting them into production to the point of where the cost is the same as a regular gas car is what will take time. We are looking at 10-20 years before we start seeing alternative fuel vehicles as the standard over gas cars. GM or Toyota cant just start pushing those cars out tomorrow. It will take so long to get them off the drawing board, into the factory and onto the road. This is why meanwhile we must start drilling for oil in every spot we can here in America. We will need that oil to get us through the next decade.
dear, You haven’t ever seen astronomical oil prices. If America attacks Iran, Iran will block the Strait of Hormuz, so 1/3 of the world’s oil will be locked in the Mideast.It is estimated that the oil prices then will reach 300 Dollars per gallon which means, the U.S.A cannot and will not attack Iran unless of course you can afford to buy oil for 300 Dollars per gallon.
sorry to inform you, but the moment America attacks Iran, the oil prices will jump to 300 Dollars “the next day”, so you shouldn’t even think about what it will be like “several months” or “years” later.
Yes, you are being naive. The US alone has over 250 million vehicles that run on diesel or gasoline. Do you think those are just going to disappear?
What new technology?
Be specific.
Just wishing oil would go down is not going to work. We had a chance in the 1970s to do something but then oil dropped to $8 a barrel so we gave up. Thank the idiot politicians.
Brazil did something. They converted to ethanol and now all their vehicles run on it. ALL of them. You know who developed the Brazilian cars? Ford and GM!
well all the oil we have drained out of the ground and burned into the air, cool, lets see what the new technology does, then again who cares really, lets just let the next generation worry about it later