Comments on: The Energy Island http://futurismic.com/2008/02/27/the-energy-island/ Presenting the fact and fiction of tomorrow since 2001 Sun, 21 Mar 2010 14:51:01 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Stan http://futurismic.com/2008/02/27/the-energy-island/comment-page-1/#comment-13267 Stan Thu, 28 Feb 2008 11:41:15 +0000 http://futurismic.com/2008/02/27/the-energy-island/#comment-13267 The concept of floating islands to provide OTEC energy was detailed in the 1992 Marshall Savage book. http://en.wikipedia.org/wiki/The_Millennial_Project:_Colonizing_the_Galaxy_in_Eight_Easy_Steps Besides energy, there are a lot of good reasons for building such floating islands right now. The concept of floating islands to provide OTEC energy was detailed in the 1992 Marshall Savage book.
http://en.wikipedia.org/wiki/The_Millennial_Project:_Colonizing_the_Galaxy_in_Eight_Easy_Steps
Besides energy, there are a lot of good reasons for building such floating islands right now.

]]> By: Tomas Martin http://futurismic.com/2008/02/27/the-energy-island/comment-page-1/#comment-13265 Tomas Martin Wed, 27 Feb 2008 23:42:28 +0000 http://futurismic.com/2008/02/27/the-energy-island/#comment-13265 Hi jtc, you may be right. The number when adjusted for inflation for the 1979 value varies a little according to the source. Perhaps the news article I quoted is using a lower value. - this reuters article uses an inflation-adjusted high of $102.58, for instance: http://uk.reuters.com/article/oilRpt/idUKL2736008020080227 this financial times article is way higher at $109. http://www.ft.com/cms/s/0/cf2af3b2-6107-11dc-bf25-0000779fd2ac.html this article says the value is BETWEEN $96 and $103, depending on how the inflation is calculated. http://www.tulsaworld.com/business/article.aspx?articleID=20080221_5_E1_spanc17814 This one says 101.70 (via a different site but quoting reuters, indicating that even one source doesn't have a fixed number), but also that in 1864 prices could have been as high as $104.35 http://www.busrep.co.za/index.php?fSectionId=642&fArticleId=4196934 It's more art than science and the exact figure will complete depend which expert you pick and which numbers and factors THEY picked. Adjusting a price for inflation over 28/29 years is dependent on a lot of factors so some people will be reporting the all time high at different times. Whenever the moment happens, we're pretty close to an all-time high without any incredibly obvious reasons for it (unlike 1979, which was dependent on the Iranian Revolution). Hi jtc, you may be right. The number when adjusted for inflation for the 1979 value varies a little according to the source. Perhaps the news article I quoted is using a lower value. – this reuters article uses an inflation-adjusted high of $102.58, for instance: http://uk.reuters.com/article/oilRpt/idUKL2736008020080227

this financial times article is way higher at $109. http://www.ft.com/cms/s/0/cf2af3b2-6107-11dc-bf25-0000779fd2ac.html

this article says the value is BETWEEN $96 and $103, depending on how the inflation is calculated. http://www.tulsaworld.com/business/article.aspx?articleID=20080221_5_E1_spanc17814

This one says 101.70 (via a different site but quoting reuters, indicating that even one source doesn’t have a fixed number), but also that in 1864 prices could have been as high as $104.35
http://www.busrep.co.za/index.php?fSectionId=642&fArticleId=4196934

It’s more art than science and the exact figure will complete depend which expert you pick and which numbers and factors THEY picked. Adjusting a price for inflation over 28/29 years is dependent on a lot of factors so some people will be reporting the all time high at different times. Whenever the moment happens, we’re pretty close to an all-time high without any incredibly obvious reasons for it (unlike 1979, which was dependent on the Iranian Revolution).

]]> By: jtc http://futurismic.com/2008/02/27/the-energy-island/comment-page-1/#comment-13263 jtc Wed, 27 Feb 2008 17:34:39 +0000 http://futurismic.com/2008/02/27/the-energy-island/#comment-13263 The highest price oil has ever had was in December of 1979 when the nominal price was about $38. In inflation adjusted 2008 dollars, that would be about $104. It wold be more accurate to say: The cost of gas is almost as high as it was three decades ago.. The highest price oil has ever had was in December of 1979 when the nominal price was about $38. In inflation adjusted 2008 dollars, that would be about $104. It wold be more accurate to say: The cost of gas is almost as high as it was three decades ago..

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