Comments on: Poll: World is Running out of Oil http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/ Real-time news, information, and discussion about the Chevrolet Volt. Mon, 13 Feb 2012 03:11:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bob Cuomo http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/#comment-39011 Bob Cuomo Wed, 30 Apr 2008 21:43:06 +0000 http://gm-volt.com/?p=1029#comment-39011 The world did not switch from wood for a lack of trees and the world will not switch away from oil for a lack of reserves. The geopolitics of oil is far more likely to motivate electrification than the world running out of oil. The world did not switch from wood for a lack of trees and the world will not switch away from oil for a lack of reserves. The geopolitics of oil is far more likely to motivate electrification than the world running out of oil.

]]> By: NZDavid http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/#comment-37948 NZDavid Thu, 24 Apr 2008 05:34:35 +0000 http://gm-volt.com/?p=1029#comment-37948 #74 Sorry, but we are running out of oil. If anyone thinks the Bakken oil shale reserves will improve things needs to read this. http://www.theoildrum.com/node/3868#more Someone, really needs to invent a usable EV. That's probably why the Volt in on a rush curve to production. Kind Regards David #74 Sorry, but we are running out of oil.

If anyone thinks the Bakken oil shale reserves will improve things needs to read this.
http://www.theoildrum.com/node/3868#more

Someone, really needs to invent a usable EV. That’s probably why the Volt in on a rush curve to production.

Kind Regards
David

]]> By: Chris http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/#comment-37874 Chris Wed, 23 Apr 2008 17:19:59 +0000 http://gm-volt.com/?p=1029#comment-37874 We're not running out of oil. But I welcome the Volt. I'm in Canada and the gas station across the street says $1.23/L, up from $1.11/L yesterday. That equates to be about $4.66 per gallon. Not good. We’re not running out of oil. But I welcome the Volt.

I’m in Canada and the gas station across the street says $1.23/L, up from $1.11/L yesterday.

That equates to be about $4.66 per gallon. Not good.

]]> By: Jim I http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/#comment-37866 Jim I Wed, 23 Apr 2008 16:38:32 +0000 http://gm-volt.com/?p=1029#comment-37866 Koz & omegaman66: Could be a gross profit and net profit mixup. A gross profit of 30% to 35% is about normal for a company making sales of a product. This is the gross income of the company less the cost of the products purchased. Net profit is the gross profit less the payroll and all expenses of the company. Net profits are all over the place, based on the type of business. Grocery stores operate on less than 1% net profit, but their gross sales are huge. Your typical small business will normally run between 3% and 10% net profit. If oil companies are running at 8% net profit, all I can say is WOW!!! I always wondered if when the press says that Exxon made 40 billion in profit, if they were talking gross or net.... Koz & omegaman66:

Could be a gross profit and net profit mixup.

A gross profit of 30% to 35% is about normal for a company making sales of a product. This is the gross income of the company less the cost of the products purchased.

Net profit is the gross profit less the payroll and all expenses of the company. Net profits are all over the place, based on the type of business. Grocery stores operate on less than 1% net profit, but their gross sales are huge. Your typical small business will normally run between 3% and 10% net profit.

If oil companies are running at 8% net profit, all I can say is WOW!!!

I always wondered if when the press says that Exxon made 40 billion in profit, if they were talking gross or net….

]]> By: JB http://gm-volt.com/2008/04/21/poll-world-is-running-out-of-oil/#comment-37824 JB Wed, 23 Apr 2008 03:35:48 +0000 http://gm-volt.com/?p=1029#comment-37824 Think this way: Brazil just found the 3rd biggest oil field in the World off its coast (2 in recent months), not to count when you go to gas stations over there, they offer a "menu" of Ethanol, Gasoline, Natural Gas and Diesel...just fill it out, most of the cars over there are fexfuel (fairly new word in the American dictionary) wow! Then, you think that only US is buying fuel efficient cars, think twice! oil reserves are being used a lot, and have been for the past 5 decades, but it is not disappearing. OPEC (Organized Pro End of Civilization) sees a future where not much money will be made, and like any other for-profit- blood-sucking oil organization, they compensate by raising the oil price to ridiculous levels based on speculation. And the funny thing about it is that , when a minimal incident happens: they speculate another raise, like the recent Japanese oil tanker off the coast of Somalia: "The raid came a day after pirates in the lawless Gulf of Aden fired on a Japanese oil tanker, unleashing hundreds of gallons of fuel into the sea" (associated press)"...give me a freaking beak!my next car, I hope, will be the Chevy Volt. I will be very happy to take all the Oil "dudes" for a ride. Think this way: Brazil just found the 3rd biggest oil field in the World off its coast (2 in recent months), not to count when you go to gas stations over there, they offer a “menu” of Ethanol, Gasoline, Natural Gas and Diesel…just fill it out, most of the cars over there are fexfuel (fairly new word in the American dictionary) wow! Then, you think that only US is buying fuel efficient cars, think twice! oil reserves are being used a lot, and have been for the past 5 decades, but it is not disappearing. OPEC (Organized Pro End of Civilization) sees a future where not much money will be made, and like any other for-profit- blood-sucking oil organization, they compensate by raising the oil price to ridiculous levels based on speculation. And the funny thing about it is that , when a minimal incident happens: they speculate another raise, like the recent Japanese oil tanker off the coast of Somalia: “The raid came a day after pirates in the lawless Gulf of Aden fired on a Japanese oil tanker, unleashing hundreds of gallons of fuel into the sea” (associated press)”…give me a freaking beak!my next car, I hope, will be the Chevy Volt. I will be very happy to take all the Oil “dudes” for a ride.

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