In 10 years oil will be $10 a barrel

Discussion in 'Economics' started by Publicus, Apr 3, 2012.

  1. Publicus

    Publicus

  2. GTS

    GTS

    "In 10 years oil will be $10 a barrel"

    How much do you want to bet?
     
  3. oraclewizard77

    oraclewizard77 Moderator

    The problem is that Adrian Veidt plans to use Doctor Manhattan's powers to create a fusion bomb so we will not be around in 10 years.
     
  4. piezoe

    piezoe

    I won't mind being vaporized instantly, it is a slow death that has little appeal to me.
     
  5. rew

    rew

    In 10 years they *might* have the first demo of a nuclear fusion plant that actually works. In the meantime another billion people will be added to the world's population, another 2 billion people will own cars, and more oil than ever will be needed simply to operate modern agriculture at a level that can feed all those people. So I expect to see $200 a barrel oil before the first usable fusion power arrives.
     
  6. JamesL

    JamesL

  7. I didn't see anything that mentioned 10 years.
    I did see lots of "we believe", "planning", "working on", "identified", "two of three" type statements.
    That sounds more like phrases to pull in venture capital and less like anywhere near an economical process. Unfortunately, there is a huge gap between demonstrating a concept and bringing something to state of usability.
    Pretty cool concept, though.
     
  8. 2018: Donuts declared antioxidant.
     
  9. public is too dumb and does not deserve such technology.

    also, most dont even want it.
    boxing, NFL, playboy mansions is what sparks interest!