Comments on: Think New Clean Energy Costs too Much? Oil Cost $500 a Barrel at Startup

By: Susan Kraemer

Susan Kraemer — Thu, 03 Nov 2011 01:30:00 +0000

Thank you Ed. God bless you too.

By: The Oil Drum | Drumbeat: November 2, 2011

The Oil Drum | Drumbeat: November 2, 2011 — Wed, 02 Nov 2011 14:04:54 +0000

[…] by the elites to secure for themselves as much of the country’s remaining wealth as possible. Think New Clean Energy Costs too Much? Oil Cost $500 a Barrel at Startup We are only hearing one side of this story, as conservatives bemoan the “cost” of investing in […]

By: wahlink

wahlink — Wed, 02 Nov 2011 12:59:00 +0000

Very interesting article. To think people were fighting over of all things whale oil seems very amusing to me. Hopefully the fighting over oil will be aching of the past too.

By: Ed

Ed — Wed, 02 Nov 2011 10:55:00 +0000

Great article Susan:
They say that if one tells a lie often enough it gets to be believed. Lets hope that WE can tell the truth long enough so that they will believe. With all the deniers of climate change that say don’t worry we have lots of oil, I say…..your big fat lying (you fill in the expletives)…I can only wish that work like yours would be read by the same number of people who sit on their duffs and swallow the lies emanating from their tubes. God bless you.
Ed

By: funcheon

funcheon — Wed, 02 Nov 2011 02:03:00 +0000

Susan,
I love the historical reference of oil prices and your article overall. For Reference, there were market forces at work in the 1850’s. One of less known facts of the Civil War is the Union Navy destroying Rebel Whaling ships and depriving the Southern States of an important energy source, Whale Oil. As whales died off, energy became much harder to get. There are accounts of Whaling ships being out at sea for three years, no wonder a barrel of Petroleum Oil could sell for $500/Barrel-2010 $$ Equivalent. Petroleum was plentiful in the United States the until the early 1970’s and tapered off, now Shale Oil and Nat Gas production rates have begun increasing, as well as the ability to produce energy through Renewable sources.
Though it is mostly price, Market Forces comprise more than just price; there are companies that use Solar energy for deferential marketing, there are companies in the Solar industry leading companies to sustainable operational practices and increasing bottom lines. I know a casual observation of the Solar industry looks like we are all going the Solyndra route, but as someone fully invested in the Solar industry, I’ve never been so certain we’re going to see rapid increases in adoption in the next two years.

Best regards,
Funcheon