The Forum > Article Comments > What would war between Saudi Arabia and Iran do to the price of oil? > Comments
What would war between Saudi Arabia and Iran do to the price of oil? : Comments
By James Stafford, published 20/1/2016Saudi Arabia has a variety of reasons to not back down, not the least of which is the very real sense of being besieged on multiple fronts.
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Recent discoveries near Sydney look like presenting one of the finest ore bodies in the world, at least that's what preliminary drill tests seem to be saying.
It also has implications for batteries that hold much larger charges, and able to be discharged and charged in a fraction of the time of conventional batteries.
I'm predicting that a combination lithium cobalt Graphene battery will more than double the current range of the electric vehicle. Which currently seems to be nudging 500 klms.
And I expect the 0 to 100 in 4 seconds for the tesla electric vehicle, to also be past history with these potentially lighter and more powerful batteries.
The potential good news story just doesn't end there, given graphene could allow us to conquer the holy grail for solar cell manufacturers; namely, a flexible polymer solar cell able to absorb 85 of the radiant energy falling on it.
It wouldn't surprise to see this futuristic material to replace paint as a very low cost self recharging option, for both vehicles and houses with seriously improved batteries?
If you have money to invest, try investing in graphene, mining or processing, and almost guaranteed to be a winner.
The stone age didn't end due to a shortage of stone.
Similarly the fossil fuel age will likely end with millions of tons and billions of barrels still in the ground! And possibly in just the next fifteen or so years.
The only folks currently hurt due to low oil prices are speculators and small time tight oil.
On the plus side, low energy prices are generally very beneficial for wider/real economies.
I can't find any sympathy for some very rich speculators now in danger of losing their shirts.
About time they reaped what they created for millions of mums and dads, and energy dependant economies!
Cheers, Rhrosty,