New Technology that Will Cut the Price of Oil in Half?

Discussion in 'Energy' started by markwit3, Nov 18, 2010.

?

Will we really benefit from this technology?

  1. The technology has no future

    0 vote(s)
    0.0%
  2. Oil companies will mess it up

    33.3%
  3. The technology has an amazing potential

    33.3%
  4. I don't know

    33.3%
Multiple votes are allowed.
  1. markwit3
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    markwit3 Rookie

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    New technologies are arriving in the world at a rapid rate as borders disappear between societies and countries, and the worldwide web continues to expand. These innovations come from the progressive human consciousness that includes us all. Meanwhile large organizations are shaping and editing where they will fit into the picture. How else can they make sure that they can keep on expanding and exploiting the society? The dinosaurs that guard the gates of the past might possibly lose billions of dollars, if the new technologies dare to affect their bottom lines negatively. This lesson is true for all fields of human involvement but mostly for the oil industry. The major corporations that pull oil from the ground have had a greater negative impact on the earth than any other industry.

    Oil can be attributed as a cause to war, to natural disasters, to global climate change, to smog and pollution, as well as corruption in government and economic policies that have spun the world toward an economic collapse. Imagine what you could be doing with the money if you weren't spending a large portion of it weekly on getting to and fro. You could buy a better Christmas gift for your kid or a cooler car for yourself. You could get a nicer house or buy a new TV. If countries weren't fighting each other for oil then militaries would not end up wasting so much of the taxpayers’ dollars keeping their war machines up and running.

    Oil obviously is an essential part of the current world’s daily routine. It is a necessity. Mainly because corporations have worked so hard to make it so. Progressive ideas in the United States have been squashed so that oil will stay a central part of the U.S. way of life. Take for example the electric car or light rail, wind energy and solar power. All these new technologies lack funding from the federal government mainly because corporate lobbyists from big oil, auto, and steel work so hard to keep the new technologies off the table and away from the public eye.

    With that in mind a new technology that could revolutionize the oil industry and make oil more affordable to everyone is on the table. Testing has been taking place in California on a new "Viscoil Technology" that is capable of increasing the yield of distillates from heavy and medium petroleum crude and petroleum crude blends. This new technology is the optimum solution that will make the life of the burdened consumer much easier. Viscoil has developed a proprietary method that will cut the cost of oil processing in half. It means that instead of paying 2.3 USD a gallon at a gas station, you might be paying 1.5 USD a gallon. It means that you might spend your gas money on groceries, vacations or whatever you, and just you, will choose to spend it on. This method is known as "Viscoil Technology" and has the U.S. Patent Application number 61/295.225.

    This money-saving technology is available for everybody, not only the US or Europe. The people of countries such as Ecuador or Bolivia could benefit greatly from this technology. The new technology could mean better access to education, healthcare, and social programs that mean so much to people who have so little.

    Unfortunately the oil industry has no desire to see this new technology implemented. Why would it? This technological advance would cut into their profits and cause them to possibly lower the price they charge for the oil they sell. The dinosaurs that lobby in the halls of Congress have no intention of making less money even if it would serve a greater public good. They have their own interests at heart. They have no intention of helping the U.S. lower its carbon footprint or pull out of the Middle East. After all would the U.S. really be there if they didn't have oil. The oil industry has helped shaped the misguided U.S. foreign policy that has led to so much death and misery. Oil is sadly the Achilles Heal of the West. Western powers chase it like a drug addict chases his next fix, abandoning principles and morality along the way. I give the oil companies one year to destroy the basic principles of the technology or to change it so that we, people, will never benefit from it. Just one year.

    I am proposing an experiment. Let us watch to see what the oil industry chooses to do over the coming year with the new technology at their disposal. Will they embrace it? Will they ignore it? Will they make it go away? I bet they will attempt to make it go away. For utilizing it would thin their already fat wallets. I’m curious what others think. Hence, this post. The future is wide open. Let's see what happens.
     
  2. topspin
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    topspin BANNED

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    what a dimwitt
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Pffft....
     
  4. Baruch Menachem
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    Baruch Menachem '

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    The price of a product is the cost of bringing on the marginal producer against the needs of the marginal buyer.

    I don't see this making much of a difference
     
  5. JiggsCasey
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    JiggsCasey VIP Member

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    It feels good to pretend that technology can and will save us. It's like insisting that some radical new holistic procedure can cure a terminal cancer patient, if we just fly to the South Pacific Island and pay up.

    It takes some 25-30 years to transition an energy infrastructure to something else, if we started today. Meanwhile, we have about 5-10 years before collapse, due to the panic before rapidly shrinking oil reserves. This is already underway.

    Meanwhile, we haven't even acknowledged that there IS a problem, NOR settled on a solution.

    Oil is the most versatile, efficient natural resource in human history. Most of the alternatives you mention require ever more fossil fuels to make and maintain, and none of them will provide what crude does for complex societies. The fact that we've wasted over half of it in some 125 years really underlines man's profound hubris. The second half won't last 125 more years. Instead, perhaps 10.

    The only short-term solution is painful crash-course conservation initiatives. But our gluttonous society is far too deep in denial to ever willfully embark on that. In fact, our entire economy is utterly DEPENDENT upon greed and consumption. So there's very little chance we'll ever "cut back" and "save."
     
    Last edited: Nov 19, 2010
  6. uscitizen
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    uscitizen Senior Member

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    If we decrease demand they just increase the price.
     
  7. JiggsCasey
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    JiggsCasey VIP Member

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    Inaccurate. Demand was crushed in the wake of summer '08, and the price plummeted.
     
  8. uscitizen
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    uscitizen Senior Member

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    Ahh you mean commodity investors thought it would plummet so they caused it to plummet?
    The price of oil is driven more by investors than demand.
     
  9. editec
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    editec Mr. Forgot-it-All

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    I suspect that if the entire oil industry doesn't collude on some kind of conspiracy to rape everybody else that if such a technology becomes available, that every distiller on earth will install it.

    Because if ONE does that, his advantage will be so enormous that all must follow.

    So you ARE right.

    Watching to see if this technology becomes real, and if it does, if it is implemented will tell us MUCH about whether or not the petroleum industry is a huge club of conspirators.
     
  10. JiggsCasey
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    JiggsCasey VIP Member

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    No.

    Short term only. Certainly not mid to long-term.
     

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