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[quote]QUOTE: Originally posted by uzurpator oltmannd [quote]QUOTE: Fuel will NEVER be $20/gallon in our lifetime (adjusted for inflation). You could reform coal gas into gasoline for much less, but we don't even need to do that. Technology exists to make perfectly useful transportation fuel from coal for $2.50/gallon. It's just waiting for oil to reach a sustainable high price before someone invests in a long-lived plant to convert coal. I'll bet within 2 years the price of crude is below $35 and gas is selling for $1.50 to $2.00/gallon. The current high price will lead to a mini-glut that not even OPEC will be able to stanch. It has happened both other times crude spiked. It'll happen now, too.[/quote] You really should make yourself familiar with the concept of EROEI. [/quote]You should really make yourself familiar with the boom and bust cycle, its bound to bust some time, it’s a bubble. Even many economists have predicted this.
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