Jun 22 2008
Saudi Arabia Boosts Oil Production. Makes More Money
(From CNN) Saudi Arabia is going to boost their daily oil production from 9 million to 9.7 million, it’s highest production rate since 1981. Word is that future investment in production will allow 12.5 million barrels a day to be produced by year’s end. While OPEC claims they want to strategize to lower oil prices, something tells me it’s not quite in their best interests. I mean honestly, they’re making $130 a barrel where last year they were only making half that for the same amount of work. The deregulation of the oil market is another reason that prices are so high, with companies buying and trading oil, each taking a cut. I really don’t think relying on drug dealers to lower their prices is a good strategy. I’m sorry, but let’s face it. We have an addiction on oil. The only way to get from point A to point B is to pump oil product into our car. ”But Matt, what about hydrogen cars?” Well as of right now it takes oil to make hydrogen… so we’re just shifting our carbon emissions. Bio-Diesel? That works, but there’s no commercial place selling it. Ethanol? A good idea, after all ethanol is mixed into gasoline to help dry out the gas and probably cut costs. But still, can cars run on ethanol alone right off the assembly line? Nope. Hybrid cars only give you a boost in gas burning efficiency. My idea for an awesome car is a solar powered, hydrogen producing plug in hybrid. Solar panels on top would charge a lithium battery until it’s full, and when it is all full it starts making hydrogen and oxygen out of water. No sun? Plug it in and charge up and start cooking hydrogen. Isn’t that awesome? I’m sure it can happen… maybe.
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