Post
Topic
Board Economics
Re: Long term OIL
by
STT
on 22/06/2016, 06:51:35 UTC
Combustion engine may be an "ancient" technology, but it is so pervasive because for the amount of energy you get for the cost, combustion engines are cheap and easy. I also believe electric cars are the future. I currently own a hybrid car.
Comparatively, a hybrid car costs a few thousand dollars more than the exact same non-hybrid version, about $2-3k. I've more than made up that cost in the years of driving it, so it's been a sound investment.
In a town constantly stop starting is a big point in favour of electric as they have good torque and are better suited to being idle alot of the time.  Crossing a country on a motorway is fine with petrol


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Quote
Oil Merchant ‏@EnergyRosen  7h7 hours ago
Crude Production = 8.6 million bbls/day

Crude Imports (net) = 7.9 million

Crude Supply = 16.5 million

Crude Runs = 16.5 million

 
Oil Merchant
‏@EnergyRosen
1-yr ago:

Crude Production = 9.6 million

Crude Imports (Net) = 6.7 million

Crude Supply = 16.3 million

Crude Runs = 16.5 million