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The Forum > Article Comments > Can oil markets survive an OPEC implosion? > Comments

Can oil markets survive an OPEC implosion? : Comments

By Nicholas Cunningham, published 4/11/2016

A technical meeting that was supposed to iron out some wrinkles for a deal to cut oil production ended in acrimony over the weekend, and OPEC's effort at coordination could be at yet another impasse.

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The very basis of so called capitalism is a free market and competition for share! Communism, on the other hand, [like the greed driven pigs on George Orwell's Animal Farm;] takes a command and control monopolistic position, replete with arbitrarily fixed prices/reward!

And where that system has operated, marked by quite massive self destructive, divisive corruption, cronyism, blatant nepotism, slavery and criminal dictators!

OPEC is little better today than road kill carrion, with "market speculators" looking like a flock of hungry vultures arguing over the corpse!

The very best thing that could happen to oil is the immediate development of thorium, electric vehicles and all manner of transport, but particularly those options that can be powered by inboard miniaturized laser activated thorium power sources! And able to run for 100 years without refueling!

Now, there's some real money to be made here, but only for those with the testicular fortitude to get there first!

Name your pleasure, the development of an energy source, with the capacity to end all war and want; develop and roll out miraculous medicine, plus, plus!

Or get down and dirty, like blind beggars arguing over pennies!?

Chose now! Are you on the side of the righteous Angels or the intensely evil entities that oppose them in all things!

A foot in either camp sure to be an extremely painful juxtaposition bound to end in a truly disastrous split! Moreover, it's impossible to be half pregnant!

So, choose a position and a side, then live or die commercially, with that decision!

Wealth and it's acquisition is not the problem, just how much of your soul you have to sell or pawn to get it!

A free market has never ever been the problem, just the profit demanding middle man, (George Orwell's pigs) who add nothing, save his/her price gouged, unearned profit demands!

After all, who needs more money than a man, even an inordinately generous one, can spend in a single life time? Unless you're planning to take it with you?
Alan B.
Posted by Alan B., Friday, 4 November 2016 9:43:48 AM
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Alan B,

Your ideas make perfect sense except for one 'minor' hiccup...thorium reactors don't exist and probably won't for 10-20 years.

And that's only if those researching them are able to overcome and resolve the myriad problems with constructing and running a commercial thorium reactor.

http://www.scmp.com/news/china/article/1452011/chinese-scientists-urged-develop-new-thorium-nuclear-reactors-2024

The Indians are promising a prototype reactor this year or next, but they've been making that promise every year for the past decade. The only thing they've generated to date are research grants.

As to running our cars on "inboard miniaturized laser activated thorium power" this side of 2070, its more likely that we'll be using fairy dust and ground unicorn horn.
Posted by mhaze, Sunday, 6 November 2016 12:49:44 PM
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Mhaze, I urge anyone reading your post to see for themselves on Google tech talks, thorium! And guided tour through the Indian facility is instructive!
It's very hard to see much through a deliberately self applied blindfold! And I get that you're antinuclear anti-thorium? Given it promises everything fusion couldn't oh suppository of all wisdom! Incidentally, given lab results transfer, then a 100 MW reactor, will be able to synthesize 41,000 barrels of ready to use diesel or jet fuel daily!

Do you think we'll ever be able to put a man on the moon? Or is that an even more impossible dream than ending all war and want with extremely cheap abundant energy?

Amazingly, even though very doable, there's folk that don't want that, given it would harm the profit curve! The only thing of real importance and to be protected at all cost! Including a fact free bagging of thorium advocates.

We rolled out electric cars after the first oil price spike, then recalled and crushed every last one of them at the behest of a four trillion dollar a year oil industry! Who will leave no stone unturned and no lie left untold to protect their current cash flow and the raw economic power derived from it?

U TUBE, THORIUM! See what experts the world over are saying and backing with irrefutable evidence!
Alan B.
Posted by Alan B., Sunday, 6 November 2016 9:29:26 PM
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Allan B
The Russians, with Chernobyl meltdown, and the Japanese with Fukushima meltdowns of three reactors, nuclear is a lame duck.
Left to politicians,economists and free enterprise for profit, none of this industry can be trusted ever again.
The Japanese reactors were built at sea level in an earthquake fault zone, prone to tsunamis. Unfortunately, this is the level of irresponsibility presented by officialdom.
Posted by diver dan, Monday, 7 November 2016 5:29:03 AM
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Alan B wrote: "And I get that you're antinuclear anti-thorium? "

Actually I'm neither. But I am very much pro-real world. And in the real world (you should visit some time) viable commercial thorium power is decade(s) away.

You seem to inhabit this strange place where you simultaneously think thorium power is both something we should drive to achieve and something that has already been achieved. You seem conversant with 'Animal Farm'. Perhaps you should acquaint yourself with '1984' and double-think.

I'm not opposed to the investigation of thorium or its ultimate rolling out if/when it is made viable and safe. But you constantly tout it as a solution to current (pun intended) electricity generation 'problems'. But it isn't a solution today. It might be a solution in 2040 or 2070, but not today.

Tell me, when the head of the Bureau of Major Research and Development Programmes of the Chinese Academy of Sciences says "We are still in the dark about the physical and chemical nature of thorium in many ways. There are so many problems to deal with but so little time".

or that one of the technical difficulties is that the molten salt produces highly corrosive chemicals such as fluoride that could damage the reactor

or that the power plant would also have to operate at extremely high temperatures, raising concerns about safety

or that researchers have limited knowledge of how to use thorium

...is it just that he doesn't understand the issue and just needs to get with the programme but watching a few more Youtube advertorials?

Or is there a chance that he perhaps has some understand of how difficult thorium will be and how far off its viable implementation will be?
Posted by mhaze, Tuesday, 8 November 2016 11:04:03 AM
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