hydrogen solution is a hoax. no need to discuss it.
electric solution is another hoax: think about batteries, what they made from.
There is not enough lithium in the world for even 3% of cars))))
current battery types are so expensive that a plugin costs around $40 000))))
Alcohols is the only solution. We can switch 100% cars to alcohol and create the alcohol industry(methanol and ethanol) includind network of fueling stations in MONTHS not even years
And it will cost us UNDER 500 billion dollars.
This year we spent around 1 trillion dollars on oil!!!!!!!!!!
do yourself a favour, educate yourself:
http://frontpagemagazine.com/Articles/Read.aspx?GUID=8E8A21BF-6D12-4BD1-B7B9-C00CD3547C90
Robert Zubrin: Well, I think it has a great deal to do with what’s going on in the economy. This year, depending upon where oil prices go during the final weeks of the year, Americans are going to pay something like $900 billion for oil.
In 1999, we paid $80 billion for oil. In 2003, we paid $200 billion for oil. So, between 2003 and this year the amount that Americans have paid for oil went up by $700 billion.
Now, to give you an idea of what that means, we pay the IRS $2.5 trillion a year, so this is like a 30 percent tax increase, except instead of the money going to Uncle Sam, it goes to Uncle Saud and Uncle Hugo. And it has devastating affects on the economy.
Just to put it in proportion, between 2003 and this year the amount that Americans paid for new houses went down by $160 billion. So the amount that we paid out for oil was more than four times as much as the amount that went out of the new housing market.
This is a big enough tax to collapse the new housing market and also resale of existing house market, as well. It’s 16 times as much as the amount, the $50 billion that went out of the new car market between 2003 and 2008. This is a big enough tax on the economy to collapse the housing market, and thus the mortgage market, and thus create the financial crisis that we just saw. And, as well, as the car market, and thus the industrial economy, and so forth.
Now, I have to take issue with one thing that David said, although I found many things he said quite instructive. But one thing I disagree with is this, is I don’t think this is caused by a weak dollar, at all. I mean although that caused a little bit of it.
The price of oil was $11 a barrel in 1999. And for it to shoot up a factor of 13 to $140 this year, is not due to a weak dollar or inflation. Inflation was quite moderate over this period.
There’s something else involved, and it’s called OPEC. The OPEC has been constricting world oil production, actually since 1973. If you look at world oil production between 1973 and today, if you look at non-OPEC oil production over that period, it doubles. From about 22 million barrels a day in 1973, to the mid 40s today, and you’d expect to see that because the world economy has doubled over the same period in size.
But if you look at OPEC oil production, it was 30 million barrels a day in 1973 and it’s 30 million barrels a day today. Now, they’ve had wild short-term ups and downs as they turned the taps on and off to try to manipulate the market in short-term maneuvers. But overall they are producing the same amount of oil today as they produced a third of a century ago, despite the fact that the market has doubled, despite the fact that they’re sitting on top of 80 percent of the world’s oil reserves, including all the easiest to drill stuff.
So what OPEC is like is like a cruel dog owner who puts a collar nice and snug around the neck of a puppy and leaves it sit there while the dog grows, so the collar gets tighter and tighter and tighter until it chokes the dog potentially to death.
Now, somebody says, “Oh, the reason why the oil price shot-up was because of the economic growth in China and India.” Now, it’s true there’s been economic growth in China and India, and that’s a contributing factor.
But we had more economic growth between 1945 and 1973 by far, and the world economic growth rate was in the order of 6 percent in that period. And the price of oil was absolutely flat adjusted for inflation, between 1947 and 1972.
