sweettractors
Advertiser
If we could develop Anwar, we would not be Dependant on foreign oil for many years. Ken Sweet
Thoughts on investing in gold/silver
- Thread starter carpenter383
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If we could develop Anwar, we would not be Dependant on foreign oil for many years. Ken Sweet
brin
Super Member
Cuba is deep water drilling 60 miles off the Florida coast...go figure - What am I missing? Make sense out of that .
77transam
Silver Member
The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.
Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.
A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.
Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.
beppington
Elite Member
Oil is a commodity, so its pricing comes as much from the whim of investors as it does whether or not it's really "running out".
Stocks go thru booms & drops, & yet we're not running out of them.
Nobody can regularly predict the price movements of anything. Or else somebody out there would be way, way, way richer than Bill Gates & Warren Buffett.
Stocks go thru booms & drops, & yet we're not running out of them.
Nobody can regularly predict the price movements of anything. Or else somebody out there would be way, way, way richer than Bill Gates & Warren Buffett.
Redneck in training
Elite Member
Let's say we will not run out of oil anytime soon. We will just run out of cheap oil prety soon.
OP
carpenter383
Platinum Member
I know it's against the laws of physics, but take a look at some youtube vids on perpetual motion. Seems pretty convincing, and could mean a BIG drop in the demand of oil in the near future.
dcyrilc
Elite Member
The airport in Japan was the first thing I thought of as I read your reply.:laughing::thumbsup:
300UGUY
Super Member
What I read was that Anwar would provide only a small % of our oil needs. I don't have the numbers at hand, but I am sure it was well under 10%.
sweettractors
Advertiser
I was quoting The former Gov of the State, She said that Anwar development could eliminate dependence on "Foreign Oil" from countries that hate us anyway. Not replace all our oil needs. Ken Sweet
Travelover
Elite Member
I think we have wandered off the original topic and into politics. Just my opinion.