The Oil Market Is At A Major Turning Point By Nawar Alsaadi - Mar 17, 2017 http://oilprice.com/Energy/Energy-General/The-Oil-Market-Is-At-A-Major-Turning-Point.html With OPEC holding its production flat, a major turn in oil prices appears imminent, and could potentially carry prices to the $60-$70 range once the market takes notice of non-OPEC’s supply inability to meet demand growth at current prices. By Nawar Alsaadi for Oilprice.com
I would be very interested to see the cost of production for each of the three categories of producers.
Never mind all this. What's going to happen to the Earth's rotational speed once we convert all its liquid petroleum into atmospheric gasses leaving great portions of the Earth hollowed out. To conserve angular momentum, will our day's have to get longer? Then people will drive more! Thus via "positive feedback" the Earths rotation will slow to a crawl at an exponentially increasing rate. What if it just stops rotating, locking half our planet in perpetual night? Surely with enough guess work this phenomenon can be modeled. So where are the GISS calculations of the date in our future when the Earth ceases to rotate? Where is James Hansen when we need him!
Shouldn't worry about this earth too much anymore! Perhaps people can just keep damaging this innocent planet, as much as possible for a purpose. When in the future the wealthy and powerful ones all move to another Clean planet, this polluted earth, to a point of no-return, then will be treated conveniently as a wall-less prison (saving a lot of construction costs) for the criminals, and the poor ones who cannot afford expensive inter-planet airfares! LOL
You do realize that our planet will not exist in the far future after our sun implodes. The entire galaxy will be gone. On to the next one. Everything you see around you is on an egg timer. Tick tock.