U.S. Ends Oil Dependency: Turns B.S. Into Fuel

Bio SuperWhereas America is experiencing a gasoline shortage, the nation’s dependence on foreign oil is close to an end. A researcher at The Department of Energy, from that breakthrough concepts emanate usually, noticed that Americans, together with most of the people who ever lived, have a nearly unlimited and renewable provide of Bio-Super (B. S.) He questioned if it’d be became fuel.

It’s the foremost targeted fuel in history, he tells us, with an octane rating of 99.9. I figure we’ve got enough of a provide to satisfy our total energy wants for the foreseeable future. All we’ve tried to do is keep using the method we have a tendency to do and we’ll have all the Bio-Super we have a tendency to and our youngsters would like.

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Oil – The Lifeblood Of Your Car

I was actually a passenger in a car that was having an active oil leak. The driver knew what was happening, and was warned to pull to the side of the road and call a tow truck, but she wanted to try to make it home. Unfortunately, she didn’t. The engine seized up, never to run again. What a foolish and costly mistake.

The simple fact is that the engine in your car cannot run without lubrication from oil. Heat and friction would, as illustrated in the case above, cause the engine to come to a full halt.

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Rising Commodity Prices Causing New Turmoil Through The Mining Sector

The Gold and Silver Index (XAU) is holding steady above 120, having reached a high above 156 in January, a level it had not seen since September 18, 1987. The spot uranium price is higher than it’s been since January 1980. Crude oil? Filling up your gas tank should remind you that oil prices are still painfully high. So all of this must mean mining companies are thrilled with their good fortune? WRONG! There’s a snowballing crisis in the mining sector, which has been kept off the typical investor’s radar screen. This new emergency could drive commodity prices to even higher levels over the coming months, and possibly until the end of the decade.

The two-decade long bear market drove many geologists out of the mining sector. Drilling companies went bankrupt. Even with the recent explosion of activity in the mining sector, exploration in the sector is less than one-third of its peak in 1981, when more than 5,500 drill rigs were running. Crude Oil Facilitators website.

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Predicting Oil Prices: The Shortage Lies In The Fact

Any numbers of energy experts—in Wall Street, in specialist trading outfits and in government bureaus throughout the world—have concluded that, since demand for oil will continue to outstrip supply, crude prices will remain on a firm-to-higher path in the foreseeable future. The problem is that hardly any statistical formulation is based on audited or established facts. Data from countries within the OPEC (Organization of Petroleum Exporting Countries) has proven to be totally unreliable. And oil consumption estimates from countries like India and China are just that, estimates.

Pressed for facts at a recent news conference, an official from the US Energy Information Administration conceded that “we are working on best-available data, not on the type of data we would like to possess.” For example, the Saudi government has been claiming, for well over a decade, that it can increase production by at least 10% at short notice, if and when stability (and sanity) needs to be injected into the energy price spectrum; prior to the start of the March 2003 Iraq war, OPEC’s publicly stated objective was a trading range of US$22-28 per barrel, and the Saudi concept of price stability has been changing with each passing day.

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