Replies to post #19237 on HLK Biotech Holding Group, Inc. (AMHD)

[shellmo]

Well, like everyone else I don't like spending $70 to fill my tank but in Europe they pay very close to the equivalent of $10. per gallon so we are still doing ok, but at some point it will come to a head.

[Stockersean]

Did he balance the statement with anything psitive about emerging fuel alternatives? sorry to have missed the segment. Pretty damn grimm.

[tilavestor]

funny you mention that Gator. Was reading an article this morning on line, but for some reason, can not copy and paste that link here. Here's part of what it said though:

"So, how much oil is left? The figures are somewhat vague because it is generally agreed that we haven’t found all of the available oil. We will find more, but it is going to be harder to find and more expensive to get at it. Regardless, the current argument is tailored around when we will start to see oil reserves start to decrease. You might be shocked to learn many are pointing to…2007. This date comes from none other than Goldman Sachs, a prominent and respected company. It is based on the fact that 2005 represented a watershed year in exploration. Specifically, the year saw a massive drop off in the announcement of new oil production projects and locations. While the exact date is obviously unknown, it is clear that it is imminent."

[toddfitz]

Each tick oil goes higher alternative solutions become feasible and economical to offset the demand/supply equation. It's how fast each will grow that's tough to figure. The demand will grow rapidly as 4 out of 5 people in the world still don't own a car. I heard Korea has a 5000 dollar car that will pierce that soon. I know the internet has flattened the world and those folks will be catching up. I also know we made biodiesel for 60 a barrel a few years ago while paying farmers to grow soy beans in air conditioned tractors. I think a Jatro farmer in Africa getting ten times the yield can beat that. They and many other alternatives will be in great demand as long as oil is higher than 60/barrel. The price of oil depends on a race between cheap cars and cheap feedstock. That's why someone just put 20 billion up to grow jatro in africa, I'll find a link. D1 was the first public biodiesel company going back to 2002 ish and this was their model. They aren't doing well unfortunately. Sometimes the second mouse gets the cheese.