Opposing Views: OPINION: Why Oil Still Has a Future

Why Oil Still Has a Future

By National Center for Policy Analysis , Seeking Private Sector Solutions - September 02, 2009

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Oil is the single most important source of energy in the world, providing 40 percent of the world's total. However, even as demand increases in developing countries, oil's position in the global economy is being questioned and challenged as never before, says Daniel Yergin, chairman of IHS Cambridge Energy Research Association.

Price volatility is one factor fueling the energy debate. Another is climate change. But even though several developed countries aim to reduce oil consumption, oil's major role in the global economy is likely to be perpetuated by the globalization of demand.

-- No longer are the growth markets for petroleum to be found in North America, Western Europe and Japan.
-- The demand growth has now shifted, massively, to the fast-growing emerging markets of China, India and the Middle East.
-- Between 2000 and 2007, 85 percent of the growth in world oil demand was in the developing world.

Accordingly, when economic recovery takes hold, what happens in emerging countries will be the defining factor in the path for overall consumption. Yergin's firm, IHS Cambridge Energy Research Association, projects: With aggressive sales volumes and no major bumps in the road (unusual for new technologies), plug-in hybrids and pure electric vehicles could constitute 25 percent of new car sales by 2030.

But because of the slow turn-over of the overall fleet, gasoline consumption would be reduced only modestly below what it would otherwise be. Thereafter, of course, the impact could grow, perhaps very substantially.

For the next 20 years at least, the unfolding economic saga in emerging markets will continue to make oil a global growth business. Demand in the developing world trumps new technology, says Yergin.

Source: Daniel Yergin, "Why Oil Still Has a Future," Wall Street Journal, August 31, 2009. Click here For text

Regarding Article

OPINION: Why Oil Still Has a Future

Time for change...

Browse: HHO-gas for vehicles,
HHO-gas generators for vehicles,
Flex-fuel for vehicles,
Best cellulosic biomass for ethanol,
Green algae for vehicles,
Battery Electric Vehicles,
Battery Electric Vehicles for highway use,
Deep-cycle batteries for Electric Vehicles.
Everyone who drives less than 30 miles a day
obtains and maintains a BEV...Everyone else
uses ethanol or bio-diesel type fuels--or Com-
pressed Natural Gass, or Propane...Need for
'ferrin' oil drops dramatically...Indian and
Chinese folk take notice and build vehicles for electricity or bio-sources from the start.
Remaining oil is used as lubricants, mostly...
ALL fuelled vehicles [ethanol, diesel, CNG/
LPG-propane] are equipped with HHO-gas genera-
tors and are re-tuned to get 30-100% better
mileage!..Yes, oil still has a future--for ap-
plications which cannot be totally-replaced--
and lubrication...Aaron Allen..PS/Pls clickit:
www.electric-cars-for-girls.com [entire site]
http://water4gas.com/2books.htm?hop=zandyne
www.hho-generators.net
for a 'starter' [no pun intended]...Aaron...

- Aaron September 5, 2009 1:08PM

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- Gas
  
  Thats a change we should look at.Natural gas.Propane would cost more wont it?
  
  - countryboy September 5, 2009 5:31PM
  
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  - Yes but not much in 'propane country'...
    
    Hi Country: Propane may cost a bit more than
    regular gasoline in some places but with HHO-
    added [reducing the propane in-flow, it may be
    a real bargan in 'propane country'--parts of US
    and Canada where lots of propane is used for
    heating, cooking , farm equipment, etc. People
    who belong to co-operatives that sell propane
    can obtain it at very reasonable cost which
    doesn't go up/dn as much at the pump...Pls do
    browse and click all of the references in my
    previous msg: Tying a few or several of these
    ideas together can yield a steady, economical
    energy source for vehicles and heating: In the
    same family, there may be a CNG or LPG unit,
    an ethanol or biodiesel one and a BEV [electric
    car or pickup]. There might be an Insight [en-
    gine runs all the time] for long-commutes and
    a Prius [local, short-commuting, errand-running
    etc.] Adding HHO to natural gas, propane, or
    #2 heating oil sure takes a nip out of winter!
    Aaron Allen...
    
    - Aaron September 6, 2009 12:31AM
    
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    - Give it a try
      
      I would give it a try.Back in the 1970's lots of people ran there car on natural gas.
      
      - countryboy September 6, 2009 7:55AM
      
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      - Pls lookit these...
        
        Hi Country [and any other interested drivers]:
        Pls browse these and lookit all links therein..
        1. compressed natural gas vehicles...
        2. Pickens Plan...
        3. www.greencar.com/articles/can-convert-natur
        al-gas.php
        Check your area or highways you drive for avail
        ability of CNG [and LPG--propane--], too...Find
        out if and how you cud add an HHO-gas generator
        to save both the CNG/LPG and the backup gasoli-
        ne, ethanol, or biodiesel...Aaron...
        
        - Aaron September 6, 2009 12:42PM
        
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        Info
        
        Thanks for the info.Do you know of any conversion kits form gas to natural gas for cars ?
        
        - countryboy September 6, 2009 3:17PM
        
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        Best references I can find...
        
        Hi Country: Because of potential hazard if done
        unsafely, EPA/DOT frown on DIY kits but there
        are some which competent shops can install. Pls
        pull up and check all links/URLs on:
        www.bing.com/search?q=cng +conversion+kits+for+
        cars &FORM=MSNH11&qs=AS
        There is a good Wikipedia article there also.
        Honda makes a CNG car currently and there are
        several small pickups,vans,and a few Ford Crown
        Vics [former P71 police cars that were NOT used by cops but agencies like 'airport authorities' which have low mileage and nice
        condition [look thru Ebay and other sources]...
        Aaron...
        
        - Aaron September 6, 2009 4:17PM
        
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