Oil production becomes a roulette game

The extrem fast declining oil price damages the oil industry much more, than $180 oil price. Investments in costly explorations became extrem risky.

Oil production and supply security in danger
Until begining July, it looked like the oil price would raise and raise. Investors would explore and exploit the smallest oil field. How much more crude oil is possible to produce, when the price is $200 or even $300?

Put all Your money on red or black
An investor wants to invest in a expensive to exploit oil field has a heavy decision. Will the oil price be 2010 $30 or $300? Will a heavy economic recession collapse the demand for oil or will a booming economy meet a decreasing oil production and the price explodes? An exiting, attritional question. Year long tension, bankruptcy or win. If You are such an investor, do not suffer so long. Go in the casino and put all Your capital on red or black. So You have this high tension in some minutes behind You.

Supply security only with renewable energy possible
Crude oil is not possible to plan, to forecast, a danger for every economy depending on it. So the exit is at a fast falling price at $80 even more important than at $180. Explanation: Why would an oilprice at $180 damage the oil industry? Because this would force a fast change to renewable energy.

Politics - political targets of PEGE
	Nonpolitical, pragmatic, on the other side of ideologies counts in our politic only one target: A long time lasting civilization able to develop further on a stable base.

Philosophy
	Long-term planning and stability have to be the guiding rules of politics. A philosophy based on the mathematic branch of games theory.

Living standard
	What is living standard? How is living standard correctly measured? Is it possible, that our living standard declines drastic, while uncorrect numbers want to make us belive it's like paradise?

Taxes tax politics
	The consequences of the tax politic for humans and environment. The politicians claim to fight for humans and the environment, but the tax politics shows the exact opposit.

Energy politic
	Decades of wrong energy politic. Instead of more living standard with less energy usage, partial the contrary was reached. A result of the wrong tax politic.

Fossil energy means recession
	The decrease of the oil price in the last days proofs: fossil energy means recession. A growth of the world economy is only with renewable energy possible.

Civilization and the ability to store
	The ability to store valuable products to balance times of overabundance and times of under-supply is a basic of civilization.

Banking crisis
	The production facilities are all intact, only the finance system is groggy. This is a big chance for the politic to do with the production something reasonable.

Stock market crisis
	There are political streams believing that the stock market will solve all problems of mankind. But how can a stable full of disturbed chickens cause something positive?

Oil price and economic growth
	Do we want recession? The dedicing question is not how high the oil price is in a recession, but at 2% economic growth.

2008 The begin of the end of the oil age
	Many indicators show a clear result: In the history books will be the year 2008 chained to the begin of the end of the oil age.

Ostrich policy
	The oil price jumps in a few month from $70 to $100, the Energy Watch Group dates peak oil to 2006 and our irresponsible politicians put the head in the sand.

CO2 tax determination
	2 complete different ideas for the determination of a CO2 tax, replacement of social security costs and the costs to for the removal of CO2 in the atmosphere have the same range.

Dreadful doing nothing
	The IEA shows in a complete sharp turn of previous prognoses a catastrophe szenario, the oil price is already beyond §122 and the politicians play clerk Mikado.

G8 want to reduce CO2 emission by 50% until 2050
	In Kobe, the environment ministers of the G8 agreed to lower the carbon dioxide emissions until 2050 to the half. A very unrealistic target.

The quarrel about the imperator's beard
	France and Germany support the target of the EU commission to reduce the emission of Carbon Dioxide until 2012 to 120 g CO2/km at cars.

Subventions against increasing oil price
	Subventions to decrease the demand for crude oil can be highly profitable for the industrial countries by damping the increase of the oil price.

High oil price pays the exit from crude oil
	When 1 million barrel a day less demand reduces the oil price by $20, this can be used as the base for a rentability caclulation for the exit from oil.

Oil conference: oil price reaches $140
	What would You think, when a junkie promisses his mother to get away from the oildope and 5 minutes later, he whines pitifully at a dealer?

ECB prime rate increase counter productively
	The inflation is caused nearly only by the high oil price. The escape from oil needs investitions in new technology, aggravated by the higher prime rate.

When will be electric power from natural gas twice as expensive as solar
	Solar electric power is cheaper than Diesel, but look on the streets, what is driving there? It can be only called a complete failure of politics and economy.