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Reply #57: The Brazilians listened to him... [View All]

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Baby Snooks Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-10-08 11:14 AM
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57. The Brazilians listened to him...
The only people who it appears listened to him were the Brazilians. In another year or two, Brazil most likely will be completely independent of oil with regard to automobiles. Ethanol was the future 30 years ago. The future is not ours it seems. Or anyone else's. Just Brazil's.

And what it will bring in from its new reserves of course will be used by the government to fund research and development into new sources of energy for industry and for electrical generation.

The vast majority of Americans will simply continue to live in the delusion that there is plenty of oil and Congress just needs to do something about the oil companies. Until it becomes too expensive for most Americans. Which will happen about the same time the reality of depletion hits. Which of course will solve the problem of supply. As supply dwindles, so will demand. Because as supply dwindles, it will become more expensive.

And the oil companies don't care. The intend to get the last dime out of the last drop of oil.

Most of the CEOs of the oil companies will simply move to Brazil. As will quite a few others.
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