oil crisis

Electric Bikes & Scooters Reports on Oil Supply

September 14th, 2009 |

Author: Elmo

Ok, now just strain your brain for a minute and think back a year or so ago. The oil industry took every opportunity to complain about any reason that they could muster as to why they could not produce enough oil. Remember? If it wasn’t because of war in the Middle East it was because of bad storms or machinery breaking down. Like Rosanne Rosanna Danna’s father used to say on Saturday Night Live, “It’s always something!” (Boy, now I’m really starting to show my age!)

Well, here we are again electric bike and electric scooter fans, right back in the middle of another oil crisis, however, this time oil is going to escalate because of a SURPLUS of oil. Yep, you heard right. We are going to have an escalation of oil prices because oil companies are cutting back on production and scaling down, thus, creating a gap in oil production which will lead to a shortage.

Put on your B.S. filters because it is gonna get deep.

Gene McGillian, an analyst at Tradition Energy in Stamford, Conn said that, “It’s the continuing battle between (weak oil supply/demand) fundamentals and economic optimism and there’s a lot of uncertainty over which is going to be the strongest performer”

Oh, and if that brand of Ka-Ka asn’t enough for you, then you will have to factor our old spanish buddy, El Nino. That’s right, weather reports are saying we are going to have a warm winter and that because Americans are not going to be heating their houses enough this winter, then we will have excessive amounts of oil resulting enough of a cutback to cause shortages.

My way of thinking, is that the sun has an enormous amount of energy that can power solar cells which can be then transfered into electricity which will power our cars, ebikes and electric scooters. We will always have an amazing surplus of that energy. Don’t believe me? Well, here is a Youtube clip of an old retired guy that powers his car that way everyday and he did it on his own!

Here is the Volts Wagon, Check it out!