I hope he does something soon because my future mother-in -law is working in Sudan. I pray real hard for her because i am worried about what all goes on in that country.Do you think bush would mind ';helping out'; darfur if darfur had a wealthy oil supply?
The Sudan, does have a wealthy oil supply.
I guess that just blows you '; it's for the OIL '; thing, right out of the water.
LMAO
Hmmm, so I guess your saying, Liberals only wanna intervene in the Sudan, because they have Oil.Do you think bush would mind ';helping out'; darfur if darfur had a wealthy oil supply?
Blackwater has said they would do it if they has a sponsor. Why don't you send them your next paycheck?
Afghanistan doesn't have any oil either.
The last time we tried to help out an African nation and to prevent a famine of biblical proportions was in Somalia in 1993 under Clinton, and looked at what happened.
Besides, Sudan has vast quantities of crude oil, but you already knew that, right?
Typical Liberal hogwash.
I think our government would if they had lost their sovereignty by attacking another country like Iraq and Afghanistan did .
Afghanistan attacked us, the Taliban had Al-Quada llisted as one of it's divisions.
Iraq did by trying to assassinate our President and repeatedly attacking our troops during the decade long cease fire they asked for while we were defending Kuwait.
You really aren't suggesting it's as simple as ';oil,'; are you?
Politics as single-point motivated?
Simplistic and naive.
Besides which, how DARE we watch after our national interests abroad. BAD U.S. (slap nose) for getting upset when someone threatens to take away your food (energy)!
That is the main reason of the conflict because the oil is there already but in Chinese hands
Would you voluteer to go there and serve as a peacekeeper?
ugh yes. it's sad that's what it takes these days. when are we going to just help people out because it's right?
Its not about oil anymore. Iraq and Afganistan and public hatred of the current administration has so gutted our armed services we couldn't defend our own states if we came under attack.
Of Course. It would be important to any western leader to secure. That`s how it works. I need oil, you need oil. Be happy your government is helping to secure western civilization.
You bet your sweet bippy !
another liberal showing his ignorance. Sudan is loaded with oil, and oil is why the Chinese are there.
wow.
just.
wow.
Dafur does have oil... the killing is happening on the land with the oil, the people are being killed so others can get to the oil... do you actually look up info before you regurgitate it from a far left website?
Oh yeah, and he would help them just like how he helped Iraq.
Saturday, December 26, 2009
How to save the earth from people? We will exhaust the supply of oil in the next millenium?
Good question. Nowadays people are becoming animals( bcoz of the work they do without knowing the consequences- as animals do).Look what our mother earth suffers today- pollution, dumping wastes, destruction of ozone layer,and a lot more. Work today for a greener tommorow. Thats all what I have to say. We should not wait for others to start. Stop thinking and act now, before it is too late. :(How to save the earth from people? We will exhaust the supply of oil in the next millenium?
So what do you care you won't be around then.How to save the earth from people? We will exhaust the supply of oil in the next millenium?
kill off all the people...
the Muslims have already started...
It is not exactly true that we will exhaust the oil. But the earth does not need saving from humans. Humans are in the process of destroying each other right now at an alarming rate, disease is on the rise again, the type that can wipe out million, governments are developing bio/chemical weapons that can and most likely will wipe out 100's of billions, and a billion or two will die out within that life time.
Question for you, what would a world be like without humans?
what memories of it would be here or anywhere in the universe or cosmos dust. I think mother nature has a way of taking care of herself, and within the next 25-30 years, she will dump a few billion herself. ';mind your peas and Q's your about to experience a bumpy ride!';
It is going to come down to oil companies will rule the world! We have not exhausted oil reserves and this is fact. They find new oil daily!! The problem is refineries,They have not built a new one in decades. And the oil companies refuse to build more!!There is one oil refinery here in the us that the oil companies purchased and was shutdown after purchase and is still not working,ask why!!! And demand is high but if they could produce more gas the price would come down. They will not do this because they are making record profits. As the oil companies said what is wrong with us making profits in the billions, What a joke!! And Bush gives them huge Tax Breaks still!!
So what do you care you won't be around then.How to save the earth from people? We will exhaust the supply of oil in the next millenium?
kill off all the people...
the Muslims have already started...
It is not exactly true that we will exhaust the oil. But the earth does not need saving from humans. Humans are in the process of destroying each other right now at an alarming rate, disease is on the rise again, the type that can wipe out million, governments are developing bio/chemical weapons that can and most likely will wipe out 100's of billions, and a billion or two will die out within that life time.
Question for you, what would a world be like without humans?
what memories of it would be here or anywhere in the universe or cosmos dust. I think mother nature has a way of taking care of herself, and within the next 25-30 years, she will dump a few billion herself. ';mind your peas and Q's your about to experience a bumpy ride!';
It is going to come down to oil companies will rule the world! We have not exhausted oil reserves and this is fact. They find new oil daily!! The problem is refineries,They have not built a new one in decades. And the oil companies refuse to build more!!There is one oil refinery here in the us that the oil companies purchased and was shutdown after purchase and is still not working,ask why!!! And demand is high but if they could produce more gas the price would come down. They will not do this because they are making record profits. As the oil companies said what is wrong with us making profits in the billions, What a joke!! And Bush gives them huge Tax Breaks still!!
Anyone see the USA Today ariticle about the Saudis and oil supply??
It appeared today ( 6/10) on and Saudi Information and Culutral Minister Iyad Mandai is quoted at saying'; The kingdom will work to ensure there will be no';unwarranted and unnatural oil price hikes that could affect international economies, especially those of developing countries';.....'; There is no justification fo the current rise in prices.';.....if this is true, then high gas prices must be due to the middle man- the oil companies!!!! What do you think???Anyone see the USA Today ariticle about the Saudis and oil supply??
I've been wondering for a while now why the price gouging is being allowed? If there was a shortage would major oil companies be making record profits???
You would think the presidential candidates would be speaking a little more about what they are going to do about this problem....Anyone see the USA Today ariticle about the Saudis and oil supply??
It is market speculation that is driving oil prices. Throw out all of the political banter. Oil is a globally traded commodity traders in the commodities market in Chicago trade oil futures just like the futures of a crop. Traders buy the futures in hopes that the price will go up and they can sell for a profit before the barrel has been drilled. It is not the oil companies setting the price of oil. Oil companies are making record profits because they are the ones drilling the oil. They are expending the same effort to drill a $130 barrel as they were a $60 barrel. One thing that is over looked with the record profits being made by the US oil companies is that much of the profit is from international drilling operations. The oil companies are investigated by grandstanding politicians quite regularly and you hear about the investigations on the news, but you never hear about the results because the oil companies aren't found at fault. The USA's fuel consumption is going up, but China and India's consumption is growing even faster all the while production hasn't increased, that is why oil prices are rising. Say we pass a law that says oil can't sell for more that $100 a barrel but China and India are still willing to pay $150. The oil will go to China and India and we'll have a full fledged shortage. aka the late70's.
Supply and demand is crap. Did the world start using 2 million barrels of oil a day over night. The answer is no. The fat cats just keep getting richer on the shoulders of the middle class again. The government should step in and stop the speculation that is going on. No one with any ties to the oil industry or the future price should say anything that might make the price of oil change.The next move is a new American revoultion. This time against the oil companies and the fat cats that continue to give us a screwing.
Supply'n'demand. The oil companies are probably saying ';look, if you Americans don't want to pay high prices for our oil, there are lots of places in the world who are happy and willing to pay higher. Its in our best interest, in the name of profits, to ship our gas elsewhere. Pay up, or stop buying - we're a business, not a charity.';
I've been wondering for a while now why the price gouging is being allowed? If there was a shortage would major oil companies be making record profits???
You would think the presidential candidates would be speaking a little more about what they are going to do about this problem....Anyone see the USA Today ariticle about the Saudis and oil supply??
It is market speculation that is driving oil prices. Throw out all of the political banter. Oil is a globally traded commodity traders in the commodities market in Chicago trade oil futures just like the futures of a crop. Traders buy the futures in hopes that the price will go up and they can sell for a profit before the barrel has been drilled. It is not the oil companies setting the price of oil. Oil companies are making record profits because they are the ones drilling the oil. They are expending the same effort to drill a $130 barrel as they were a $60 barrel. One thing that is over looked with the record profits being made by the US oil companies is that much of the profit is from international drilling operations. The oil companies are investigated by grandstanding politicians quite regularly and you hear about the investigations on the news, but you never hear about the results because the oil companies aren't found at fault. The USA's fuel consumption is going up, but China and India's consumption is growing even faster all the while production hasn't increased, that is why oil prices are rising. Say we pass a law that says oil can't sell for more that $100 a barrel but China and India are still willing to pay $150. The oil will go to China and India and we'll have a full fledged shortage. aka the late70's.
Supply and demand is crap. Did the world start using 2 million barrels of oil a day over night. The answer is no. The fat cats just keep getting richer on the shoulders of the middle class again. The government should step in and stop the speculation that is going on. No one with any ties to the oil industry or the future price should say anything that might make the price of oil change.The next move is a new American revoultion. This time against the oil companies and the fat cats that continue to give us a screwing.
Supply'n'demand. The oil companies are probably saying ';look, if you Americans don't want to pay high prices for our oil, there are lots of places in the world who are happy and willing to pay higher. Its in our best interest, in the name of profits, to ship our gas elsewhere. Pay up, or stop buying - we're a business, not a charity.';
Why did the price of crude oil rise so high in 2008? In regards to supply/demand. Why has crude oil fallen?
Also, what are the likely effects of the rise in petrol prices on
a. The tourism industry
b. the price of fruit and vegetables at green grocers.
Thanks heaps!Why did the price of crude oil rise so high in 2008? In regards to supply/demand. Why has crude oil fallen?
Well, according to conspiracy theorists, oil prices are driven by speculators driving the price up or down rapidly. Since oil prices were quite stable the latter part of 2008 and beginning of 2009, I guess we must assume they took several months off form their work?Why did the price of crude oil rise so high in 2008? In regards to supply/demand. Why has crude oil fallen?
Speculators artificially drive the price up. After all people have to heat their homes and drive their cars. So in order to make a quick buck they have to force the prices higher.
Crude oil has fallen because the depression hit. People are not buying big ticket items and not driving anywhere so supply is outstripping demand.
It's called greed and oops, they caught us. It's also called, Bush and Cheney were defeated.
a. The tourism industry
b. the price of fruit and vegetables at green grocers.
Thanks heaps!Why did the price of crude oil rise so high in 2008? In regards to supply/demand. Why has crude oil fallen?
Well, according to conspiracy theorists, oil prices are driven by speculators driving the price up or down rapidly. Since oil prices were quite stable the latter part of 2008 and beginning of 2009, I guess we must assume they took several months off form their work?Why did the price of crude oil rise so high in 2008? In regards to supply/demand. Why has crude oil fallen?
Speculators artificially drive the price up. After all people have to heat their homes and drive their cars. So in order to make a quick buck they have to force the prices higher.
Crude oil has fallen because the depression hit. People are not buying big ticket items and not driving anywhere so supply is outstripping demand.
It's called greed and oops, they caught us. It's also called, Bush and Cheney were defeated.
Dose a water cooled turbo have to have oil lines or just water supply?
im tryin to put a turbo on a stock 92 2.3 mustang just a lilttle one no more than 6-8 psi im jus confused on the oil lines how to run them i got the trubo off a t-birb turbo coupeDose a water cooled turbo have to have oil lines or just water supply?
85 and up T-bird turbos have both oil and water cooling...Dose a water cooled turbo have to have oil lines or just water supply?
Depends on the turbo a bit. 85-6 Tbirds had Garret turbos. 87-8 had Ishi-Warner turbos.
The older Garretts came without water cooling. The water cooling was added later in production to make the bearings last longer. Oiling is an absolute necessity, water is optional. I have heard from turbo rebuilders that the water cooling on those particular turbos isn't designed very well anyway and isn't as effective as it ought to be. If it were me and the water lines were available, I'd plumb them in. In the 1980's many Volvos had ';oil only'; Garrett turbos almost identical to those in Tbirds. Turbos that had to be replaced under Volvo warranty were water cooled and came with a mandatory plumbing kit so water lines could be added. The Volvo people seemd to think the water cooling was worth having.
The Ishi turbos are a bit more delicate. If yours has water lines, I'd certainly hook them up.
You have to have the oil lines connected or the turbo bearing(s) will melt themselves to the housing.
85 and up T-bird turbos have both oil and water cooling...Dose a water cooled turbo have to have oil lines or just water supply?
Depends on the turbo a bit. 85-6 Tbirds had Garret turbos. 87-8 had Ishi-Warner turbos.
The older Garretts came without water cooling. The water cooling was added later in production to make the bearings last longer. Oiling is an absolute necessity, water is optional. I have heard from turbo rebuilders that the water cooling on those particular turbos isn't designed very well anyway and isn't as effective as it ought to be. If it were me and the water lines were available, I'd plumb them in. In the 1980's many Volvos had ';oil only'; Garrett turbos almost identical to those in Tbirds. Turbos that had to be replaced under Volvo warranty were water cooled and came with a mandatory plumbing kit so water lines could be added. The Volvo people seemd to think the water cooling was worth having.
The Ishi turbos are a bit more delicate. If yours has water lines, I'd certainly hook them up.
You have to have the oil lines connected or the turbo bearing(s) will melt themselves to the housing.
Do you think oil prices will increase if Venezuela cuts off its oil supply?
Yes. I hate to say this but if 10 people sneeze at the same time the price of oil will go up.Do you think oil prices will increase if Venezuela cuts off its oil supply?
They may been able to moderately spike oil prices in the short term but in the long term it would crumble their own economy. Remember they need the money from the sale of their oil.
Just my thoughts....Do you think oil prices will increase if Venezuela cuts off its oil supply?
not until after the elections.
Any excuse for a price increase is good enough. But no increase until after the election.
Yes.
Yes because we get 12% of our oil from them. I will bet it is more like 15%, though. They may choose not to be an oil buddy, and we will enjoy those post Katrina prices, $3 and up per gallon. Then we will be beating on other doors to hand it over. It's a dirty business isn't it?
yes!can dogs eat celery
They may been able to moderately spike oil prices in the short term but in the long term it would crumble their own economy. Remember they need the money from the sale of their oil.
Just my thoughts....Do you think oil prices will increase if Venezuela cuts off its oil supply?
not until after the elections.
Any excuse for a price increase is good enough. But no increase until after the election.
Yes.
Yes because we get 12% of our oil from them. I will bet it is more like 15%, though. They may choose not to be an oil buddy, and we will enjoy those post Katrina prices, $3 and up per gallon. Then we will be beating on other doors to hand it over. It's a dirty business isn't it?
yes!
When will the supply of conventional oil peak?
I don't mean oil shales, tar sands, oil we don't know exists etc.When will the supply of conventional oil peak?
Richard Hardman of the The Oil Depletion Analysis Centre looked at this a couple of years back. The crunch comes not when the wells run dry, but when demand outstrips supply. We are currently only finding around 1 new barrel of oil for every 4 we consume, so most of our oil must come from known reserves.
Best estimates for the total volume of oil in the world are around 2 trillion barrels, of which we have used just under a trillion already, so at first glance it looks like we have a long way to go.
However...we have been using the easy stuff to get at. It is going to get increasingly hard and expensive to recover the rest. So when does the crunch come? The most pessimistic view is that we're about there now, the more optimistic think within 20 years. Either way, well within the lifetimes of most people alive today.When will the supply of conventional oil peak?
Been and gone, it was a few years ago. From now on the price of oil will gradually increase until it becomes economically sensible to make complex carbohydrons from simpler ones instead of sucking them from the ground.
Dunno about the oil but a Brough Superior was a rather fine British motorcycle.
Richard Hardman of the The Oil Depletion Analysis Centre looked at this a couple of years back. The crunch comes not when the wells run dry, but when demand outstrips supply. We are currently only finding around 1 new barrel of oil for every 4 we consume, so most of our oil must come from known reserves.
Best estimates for the total volume of oil in the world are around 2 trillion barrels, of which we have used just under a trillion already, so at first glance it looks like we have a long way to go.
However...we have been using the easy stuff to get at. It is going to get increasingly hard and expensive to recover the rest. So when does the crunch come? The most pessimistic view is that we're about there now, the more optimistic think within 20 years. Either way, well within the lifetimes of most people alive today.When will the supply of conventional oil peak?
Been and gone, it was a few years ago. From now on the price of oil will gradually increase until it becomes economically sensible to make complex carbohydrons from simpler ones instead of sucking them from the ground.
Dunno about the oil but a Brough Superior was a rather fine British motorcycle.
How can there really be an energy crisis when there is enough oil in Prudhoe Bay, Alaska to supply us for yrs?
There is enough to supply the United States for approx two hundred years. Why did the U.S. Gov. cap it off and then hush the oil companies about capping it?
Watch this. I challenge you to disprove the testimony he gives in this video. Its the top video entitled ';The Energy Non-Crisis';.
http://www.vwatch.tv/lindsey+williams/How can there really be an energy crisis when there is enough oil in Prudhoe Bay, Alaska to supply us for yrs?
Add to that, In North Dakota alone there is more oil than Iran and Saudi alone. They do not want us to have cheap energy, they want a windmill in every yard. IDIOTSHow can there really be an energy crisis when there is enough oil in Prudhoe Bay, Alaska to supply us for yrs?
There is not enough oil in Prudhoe Bay to supply our needs for 200 years. Even if there were, it would take time to get at it and refine it. But it is a moot point, since it isn't there.
Palin will shoot at anyone who gets close to that bay from a helicopter. Good luck trying to get that oil away from that beast.
there's this little thing called
GLOBAL WARMING
which the gop think is a lib trick........
ha hha ha hahhahahhahahha
i hope mother earth punishes the gop
Democrat congress and tree sniffers won't allow it no matter how much is there.
not true
Watch this. I challenge you to disprove the testimony he gives in this video. Its the top video entitled ';The Energy Non-Crisis';.
http://www.vwatch.tv/lindsey+williams/How can there really be an energy crisis when there is enough oil in Prudhoe Bay, Alaska to supply us for yrs?
Add to that, In North Dakota alone there is more oil than Iran and Saudi alone. They do not want us to have cheap energy, they want a windmill in every yard. IDIOTSHow can there really be an energy crisis when there is enough oil in Prudhoe Bay, Alaska to supply us for yrs?
There is not enough oil in Prudhoe Bay to supply our needs for 200 years. Even if there were, it would take time to get at it and refine it. But it is a moot point, since it isn't there.
Palin will shoot at anyone who gets close to that bay from a helicopter. Good luck trying to get that oil away from that beast.
there's this little thing called
GLOBAL WARMING
which the gop think is a lib trick........
ha hha ha hahhahahhahahha
i hope mother earth punishes the gop
Democrat congress and tree sniffers won't allow it no matter how much is there.
not true
Will our supply of oil run out soon?
im talking bout gasoline,petroleum and stuffs like that....i need a scientifically accurate answer.Will our supply of oil run out soon?
Seeing as energy consumption is set to increase with LEDC development and more vehicle use, air-travel, space exploration and consumer electronics, fossil fuels are predicted (by some) to be in critical supply in as little as 50 years. I have heard 20 mentioned, but I think that's a little too soon. But hopefully by then there will be much more renewable energy used, such as the proposed wind farms in the UK, and solar power use is set to increase (and why not, as the sun's energy won't run out for a few billion years yet!)Will our supply of oil run out soon?
Nobody knows for sure. The supply IS finite, though, and some people think that we've hit the peak of production, and it can only fall off from here. But because of the imprecise nature of exploration, nobody knows without a shadow of a doubt exactly where and how much crude oil is left in the ground.
If you do some research, you can find quotes like ';in the 70's, we used the energy from 1 barrel of oil to extract 30 barrels, but now, that same amt. of energy can only extract 3-4 barrels, because the oil is in more remote places, or wells that are very deep, or almost played out.';. I suggest you look for those, and then make your own decision.
Nooooooooo.... not gonna happen.
yes eventually it will. in less than 50 years if we dont do something
no, but maybe if you do your own homework you'll find out
i thought it
Seeing as energy consumption is set to increase with LEDC development and more vehicle use, air-travel, space exploration and consumer electronics, fossil fuels are predicted (by some) to be in critical supply in as little as 50 years. I have heard 20 mentioned, but I think that's a little too soon. But hopefully by then there will be much more renewable energy used, such as the proposed wind farms in the UK, and solar power use is set to increase (and why not, as the sun's energy won't run out for a few billion years yet!)Will our supply of oil run out soon?
Nobody knows for sure. The supply IS finite, though, and some people think that we've hit the peak of production, and it can only fall off from here. But because of the imprecise nature of exploration, nobody knows without a shadow of a doubt exactly where and how much crude oil is left in the ground.
If you do some research, you can find quotes like ';in the 70's, we used the energy from 1 barrel of oil to extract 30 barrels, but now, that same amt. of energy can only extract 3-4 barrels, because the oil is in more remote places, or wells that are very deep, or almost played out.';. I suggest you look for those, and then make your own decision.
Nooooooooo.... not gonna happen.
yes eventually it will. in less than 50 years if we dont do something
no, but maybe if you do your own homework you'll find out
i thought it
Should the US permit much more offshore drilling to increase our domestic supply of oil?
US drivers are irate that the price of gas is rising so high.
Testifying before congress, Robert Malone, chairman of BP America, said that 85 percent of the country's coastal waters are off limits to drilling.
http://apnews.excite.com/article/2008040鈥?/a>Should the US permit much more offshore drilling to increase our domestic supply of oil?
The oil companies are making money without those areas being drilled. Can you imagine how much more many they'll make when they do decide to drill on those restricted areas? The problem is that we need to stop giving these companies tax breaks. With the record profits they're making they can pass some of it to the consumers.Should the US permit much more offshore drilling to increase our domestic supply of oil?
You need to legalize POT, PeeWee. Your playhouse needs not only ethanol and methanol, but oils and 25,000 market-leading products, without any more strain from the oil geeks or from Mayor Newsom of SF, whose family manages the Getty Trust, but his city sells tons of medical hemp, without any admission, from any media, that hemp is how to make the energy products we have needed, ever since gasoline was a mere $1 per gallon!!
But Noooooo! Stupid is, as stupid does. PG%26amp;E went nuclear and geothermal in the 1970s, and so went bankrupt. Piggie had to sell its infrastructure, all the wires and generators, etc., long ago. But it has a nuclear plant, as does SoCalEd. When those were due for a refurbishing, Governor Davis announced 20 year power deals would be tendered, in 2001.
Naturally, these are eating us up AND these costs pass around and capitalize, in the cost of any transaction, incuding any marketing or manufacture.
Testifying before congress, Robert Malone, chairman of BP America, said that 85 percent of the country's coastal waters are off limits to drilling.
http://apnews.excite.com/article/2008040鈥?/a>Should the US permit much more offshore drilling to increase our domestic supply of oil?
The oil companies are making money without those areas being drilled. Can you imagine how much more many they'll make when they do decide to drill on those restricted areas? The problem is that we need to stop giving these companies tax breaks. With the record profits they're making they can pass some of it to the consumers.Should the US permit much more offshore drilling to increase our domestic supply of oil?
You need to legalize POT, PeeWee. Your playhouse needs not only ethanol and methanol, but oils and 25,000 market-leading products, without any more strain from the oil geeks or from Mayor Newsom of SF, whose family manages the Getty Trust, but his city sells tons of medical hemp, without any admission, from any media, that hemp is how to make the energy products we have needed, ever since gasoline was a mere $1 per gallon!!
But Noooooo! Stupid is, as stupid does. PG%26amp;E went nuclear and geothermal in the 1970s, and so went bankrupt. Piggie had to sell its infrastructure, all the wires and generators, etc., long ago. But it has a nuclear plant, as does SoCalEd. When those were due for a refurbishing, Governor Davis announced 20 year power deals would be tendered, in 2001.
Naturally, these are eating us up AND these costs pass around and capitalize, in the cost of any transaction, incuding any marketing or manufacture.
Is it true the majority of the worlds oil supply...?
Lies in syberia , Russia?
I hear the middle east is running out , and the next supply is either Alaska (* wildlife refuge *) or Syberia.Is it true the majority of the worlds oil supply...?
I heard the Black Sea is just loaded with oil. The first Middle Eastern country expected to run dry is Syria. Kind of explains why Syria is so desperate to maintain influence in Lebanon.Is it true the majority of the worlds oil supply...?
Russia does have a huge oil reserve underground (potentially the second largest), but its located under terrain that would be very costly to drill.
Right now Saudi Arabia (1), Canada (2) and Iran (3) have the largest oil reserves.
The Earth has plenty of oil underground and it would be impossible for us to consume all the worlds oil supply even if we wanted to.
The problem is not having be able to pump out enough oil to meet current demands and the cost building new refineries or drilling in areas that would be very costly would drive up prices.
Many countries like Saudi Arabia and Canada don't want to build new refineries, by limiting their oil output they are able to keep prices up.
Actually no. Between Alaska, shale oil and coal that can be converted the largest reserves are in the United States...however the whiny liberal hippie tree hugging losers keep blocking our use of our natural resources and would rather have us dependent on foreign oil.
The middle east, China and Venezuela have alot of oil.
http://www.infoplease.com/ipa/A0872964.h鈥?/a>
I hear the middle east is running out , and the next supply is either Alaska (* wildlife refuge *) or Syberia.Is it true the majority of the worlds oil supply...?
I heard the Black Sea is just loaded with oil. The first Middle Eastern country expected to run dry is Syria. Kind of explains why Syria is so desperate to maintain influence in Lebanon.Is it true the majority of the worlds oil supply...?
Russia does have a huge oil reserve underground (potentially the second largest), but its located under terrain that would be very costly to drill.
Right now Saudi Arabia (1), Canada (2) and Iran (3) have the largest oil reserves.
The Earth has plenty of oil underground and it would be impossible for us to consume all the worlds oil supply even if we wanted to.
The problem is not having be able to pump out enough oil to meet current demands and the cost building new refineries or drilling in areas that would be very costly would drive up prices.
Many countries like Saudi Arabia and Canada don't want to build new refineries, by limiting their oil output they are able to keep prices up.
Actually no. Between Alaska, shale oil and coal that can be converted the largest reserves are in the United States...however the whiny liberal hippie tree hugging losers keep blocking our use of our natural resources and would rather have us dependent on foreign oil.
The middle east, China and Venezuela have alot of oil.
http://www.infoplease.com/ipa/A0872964.h鈥?/a>
Are speculators driving oil prices or is it supply and demand?
So many therories out there. what do you think? Are we in an oil ';bubble?';Are speculators driving oil prices or is it supply and demand?
I think for 15% supplyers drive it up, for 50% speclations, for 20% local distributors and for 10% transportation. Also some cost have risen (+5%).Are speculators driving oil prices or is it supply and demand?
It's supply and demand. The end of the cold war has meant that the Soviet model of how to run an economy ended in failure, so countries all over the world are now trying to grow their economies through market-driven export-led growth, the way Taiwan and Japan did. The main examples today are China and India. All those countries all wanting more factories all want more oil to fuel those factories. Now that the entire world is competing for the world's oil, it will never be cheap again.
Even with increasing demand the oil-producing countries (OPEC) have the capacity to increase production....this would lead to lower prices.
This is why President Bush went to Saudi Arabia this month, to ask them to increase production. But because of Dubya's policies, the Saudis only made a token increase, which has lowered prices marginally.
The Saudis are irritated with Bush鈥檚 confrontational style; the US upsetting their neighborhood, and not bothering to consult with them. US relations with OPEC members like Venezuela and Iran were never very good, but under Bush they have turned far worse.
For this reason OPEC members have no interest in increasing production. With the Saudis remaining quiet, every other producer is making hay, including US-haters like Mahmoud Ahmedinejad of Iran and Hugo Chavez of Venezuela.can dogs eat celery
I think for 15% supplyers drive it up, for 50% speclations, for 20% local distributors and for 10% transportation. Also some cost have risen (+5%).Are speculators driving oil prices or is it supply and demand?
It's supply and demand. The end of the cold war has meant that the Soviet model of how to run an economy ended in failure, so countries all over the world are now trying to grow their economies through market-driven export-led growth, the way Taiwan and Japan did. The main examples today are China and India. All those countries all wanting more factories all want more oil to fuel those factories. Now that the entire world is competing for the world's oil, it will never be cheap again.
Even with increasing demand the oil-producing countries (OPEC) have the capacity to increase production....this would lead to lower prices.
This is why President Bush went to Saudi Arabia this month, to ask them to increase production. But because of Dubya's policies, the Saudis only made a token increase, which has lowered prices marginally.
The Saudis are irritated with Bush鈥檚 confrontational style; the US upsetting their neighborhood, and not bothering to consult with them. US relations with OPEC members like Venezuela and Iran were never very good, but under Bush they have turned far worse.
For this reason OPEC members have no interest in increasing production. With the Saudis remaining quiet, every other producer is making hay, including US-haters like Mahmoud Ahmedinejad of Iran and Hugo Chavez of Venezuela.
If major oil-producing nation reduces its supply of oil to the world. will?
PepsiCo's stock prices increase, decrease, or no effect?If major oil-producing nation reduces its supply of oil to the world. will?
Sorry, but I disagree. If people have less money to spend, they will still eat out -- just not at the fancy restaurants. They will still give themselves little luxuries like pop. Plus, PepsiCo owns a lot more businesses than just the soft drink. PepsiCo is a stable company and a safe haven for investors. Their stock will increase.If major oil-producing nation reduces its supply of oil to the world. will?
If the price of raw materials (for the plastic for bottles, electricity, transportation, etc..) sky rocket then the cost of production will increase need to increase costs and since consumers will have less money in their pocket due to higher gas prices they will not have money to spend on luxury items such as soda, so the profits at Pepsi would decline therefore the stock price would decrease.
Sorry, but I disagree. If people have less money to spend, they will still eat out -- just not at the fancy restaurants. They will still give themselves little luxuries like pop. Plus, PepsiCo owns a lot more businesses than just the soft drink. PepsiCo is a stable company and a safe haven for investors. Their stock will increase.If major oil-producing nation reduces its supply of oil to the world. will?
If the price of raw materials (for the plastic for bottles, electricity, transportation, etc..) sky rocket then the cost of production will increase need to increase costs and since consumers will have less money in their pocket due to higher gas prices they will not have money to spend on luxury items such as soda, so the profits at Pepsi would decline therefore the stock price would decrease.
Should the US permit much more offshore drilling to increase our domestic supply of oil?
US drivers are irate that the price of gas is rising so high.
Testifying before congress, Robert Malone, chairman of BP America, said that 85 percent of the country's coastal waters are off limits to drilling.
http://apnews.excite.com/article/2008040鈥?/a>Should the US permit much more offshore drilling to increase our domestic supply of oil?
We should do it for the fact that America needs a secure supply of oil. And we should ignore people who are against nuclear energy.
http://answers.yahoo.com/question/index?鈥?/a>
We have enough oil off the shores of California and the Gulf of Mexico to run this country for decades without importing a single drop of oil.Should the US permit much more offshore drilling to increase our domestic supply of oil?
It won't increase domestic supply by that much and the cost to employ labor and conduct drilling in the US will offset most potential reductions in price by tapping domestic oil.
Otherwise I'd be all for it.
No, we should live in a cave and complain about it being dark.
No, it really wouldn't increase supply by very much. It would basically be like applying a bandage rather than fixing the problem. Besides, we should save it for real emergencies, like embargoes.
Yes....we should stop listening to green tree huggers. We do need to have many safety measures in place. The animal rights people are demented. Al Gore is dememted. We need to keep politics and science separate. Scientists have lost the right to think as scientists. We are ignoring the most intelligent people in the world and listening to emotional and power hungry individuals.
Damage to Environment. Bill to prevent this and military damage to the Environment do to wars like the one being fought in Iraq.
I agree with a Bush family member!
We either do that or face the constant increase in fuel with no end in site. Along with the drilling. congress needs to insist that oil companies increase refinery capacity.
Testifying before congress, Robert Malone, chairman of BP America, said that 85 percent of the country's coastal waters are off limits to drilling.
http://apnews.excite.com/article/2008040鈥?/a>Should the US permit much more offshore drilling to increase our domestic supply of oil?
We should do it for the fact that America needs a secure supply of oil. And we should ignore people who are against nuclear energy.
http://answers.yahoo.com/question/index?鈥?/a>
We have enough oil off the shores of California and the Gulf of Mexico to run this country for decades without importing a single drop of oil.Should the US permit much more offshore drilling to increase our domestic supply of oil?
It won't increase domestic supply by that much and the cost to employ labor and conduct drilling in the US will offset most potential reductions in price by tapping domestic oil.
Otherwise I'd be all for it.
No, we should live in a cave and complain about it being dark.
No, it really wouldn't increase supply by very much. It would basically be like applying a bandage rather than fixing the problem. Besides, we should save it for real emergencies, like embargoes.
Yes....we should stop listening to green tree huggers. We do need to have many safety measures in place. The animal rights people are demented. Al Gore is dememted. We need to keep politics and science separate. Scientists have lost the right to think as scientists. We are ignoring the most intelligent people in the world and listening to emotional and power hungry individuals.
Damage to Environment. Bill to prevent this and military damage to the Environment do to wars like the one being fought in Iraq.
I agree with a Bush family member!
We either do that or face the constant increase in fuel with no end in site. Along with the drilling. congress needs to insist that oil companies increase refinery capacity.
Wall Street or supply and demand blame for oil prices?
This is just not cool. Watching my portfolio sink and airlines starting to shut down.
There are NO gas lines!!! How can there be a shortage?Wall Street or supply and demand blame for oil prices?
I agree with OPM. Speculators have little to do with it. Honestly, the biggest contributors to higher oil prices are developing nations such as India and China. These nations' economies are literally becoming thirsty for oil and other forms energy to support their economic growth. Just as the demand for energy in the U.S., Britain, and other currently developed nations exploded during their industrial revolutions a century ago, developing nations are following suit.Wall Street or supply and demand blame for oil prices?
The shortage is occurring mostly in poor countries. This is a supply and demand problem, the impact of speculators is likely nominal. It is even possible that they have reduced the actual price by providing liquidity to the market.
Both. Wall Street speculators putting up too little cash when buying oil commodities. World demand of oil sue to our desire for ';Everyday Low Prices'; and the corporate world's desire to outsource jobs to India and China. Their economies are booming as is their demand for oil.
Also the reluctance of congress to do anything about drilling, new power plants, alternative energy etc. Congress hasn't done anything since the energy crisis of the 1970s.
And OPEC of course. They have us on a lease.
And the environmentalists. They'd rather see us freeze in the winter time than to harm an insect, mussel, bird or ';gasp'; polar bear. I wonder if they have heating at home, or use flush toilets.
There are NO gas lines!!! How can there be a shortage?Wall Street or supply and demand blame for oil prices?
I agree with OPM. Speculators have little to do with it. Honestly, the biggest contributors to higher oil prices are developing nations such as India and China. These nations' economies are literally becoming thirsty for oil and other forms energy to support their economic growth. Just as the demand for energy in the U.S., Britain, and other currently developed nations exploded during their industrial revolutions a century ago, developing nations are following suit.Wall Street or supply and demand blame for oil prices?
The shortage is occurring mostly in poor countries. This is a supply and demand problem, the impact of speculators is likely nominal. It is even possible that they have reduced the actual price by providing liquidity to the market.
Both. Wall Street speculators putting up too little cash when buying oil commodities. World demand of oil sue to our desire for ';Everyday Low Prices'; and the corporate world's desire to outsource jobs to India and China. Their economies are booming as is their demand for oil.
Also the reluctance of congress to do anything about drilling, new power plants, alternative energy etc. Congress hasn't done anything since the energy crisis of the 1970s.
And OPEC of course. They have us on a lease.
And the environmentalists. They'd rather see us freeze in the winter time than to harm an insect, mussel, bird or ';gasp'; polar bear. I wonder if they have heating at home, or use flush toilets.
How long is saudi arabias oil supply going to last?
i hope soon as they are probably are funding the terrorist.
Oil hits $100 a barrel,,,,,arent you glad bush chose to destabilize the worlds oil supply?
bring it onOil hits $100 a barrel,,,,,arent you glad bush chose to destabilize the worlds oil supply?
Are you referring to us occupying the Middle East right now? I'm sure that is the only reason in the world that oil is 100 a barrel. Read a god damn econ book. It's simple supply and demand. The supply is getting smaller and the demand is growing. Therefore it is going to be more expensive.
If you really want cheap gas then you liberal hippie douches will let the US drill in Alaska. If that happens we will not need any foreign oil at all.Oil hits $100 a barrel,,,,,arent you glad bush chose to destabilize the worlds oil supply?
No, but the real problem isn't Bush, Iran, or Iraq - it is our over-dependence on a non-renewable resource. Back in the early 1970's we had a chance to break away from this monkey on our back, but we chose to do nothing, much to the delight of the big oil companies. Our entire economy and way of life is based on a non-renewable, finite resource that WILL run out one day - how intelligent is that?
No.
We should have taken the billions we've spent on his idiotic occupation of a sovereign nation and poured it into alternative fuel research.
Better high gas prices than being socialist. Keep up the good work. 11 more months of blather from the Bush bashers.
Still too cheap.
If anything is going to be done to address climate change, oil needs to be a lot more expensive, to reduce the amount burned.
How inconvenient is is for us Americans to have to pay more for gas.....
I feel really sorry for us. Really sorry.
You have no perception of reality. You have a home, transportation and food on the table....and you are essentially complaining about not being able to eat out 5 nights a week versus 3.
You know, now that I think about it.....Shame on Abraham Lincoln for his attempts to free the slaves, do you realize how expensive clothing items and metal were during the civil-war? What an ****.
That is the trading price. Oil is not that high. Stop the futures trading by making those that buy the futures take delivery of the oil before they can sell it again.
Are you referring to us occupying the Middle East right now? I'm sure that is the only reason in the world that oil is 100 a barrel. Read a god damn econ book. It's simple supply and demand. The supply is getting smaller and the demand is growing. Therefore it is going to be more expensive.
If you really want cheap gas then you liberal hippie douches will let the US drill in Alaska. If that happens we will not need any foreign oil at all.Oil hits $100 a barrel,,,,,arent you glad bush chose to destabilize the worlds oil supply?
No, but the real problem isn't Bush, Iran, or Iraq - it is our over-dependence on a non-renewable resource. Back in the early 1970's we had a chance to break away from this monkey on our back, but we chose to do nothing, much to the delight of the big oil companies. Our entire economy and way of life is based on a non-renewable, finite resource that WILL run out one day - how intelligent is that?
No.
We should have taken the billions we've spent on his idiotic occupation of a sovereign nation and poured it into alternative fuel research.
Better high gas prices than being socialist. Keep up the good work. 11 more months of blather from the Bush bashers.
Still too cheap.
If anything is going to be done to address climate change, oil needs to be a lot more expensive, to reduce the amount burned.
How inconvenient is is for us Americans to have to pay more for gas.....
I feel really sorry for us. Really sorry.
You have no perception of reality. You have a home, transportation and food on the table....and you are essentially complaining about not being able to eat out 5 nights a week versus 3.
You know, now that I think about it.....Shame on Abraham Lincoln for his attempts to free the slaves, do you realize how expensive clothing items and metal were during the civil-war? What an ****.
That is the trading price. Oil is not that high. Stop the futures trading by making those that buy the futures take delivery of the oil before they can sell it again.
At our current usage, how long will the world's oil supply last?
People say it gonna be out in 20 years, but we keep discovering new places to drill.
But I say, plane for the worstAt our current usage, how long will the world's oil supply last?
It has been predicted in the 1950's that the peak would be reached by Thanksgiving 2005 and everything from there on is downhill.At our current usage, how long will the world's oil supply last?
At current usage for the foreseeable future, given present and projected development of reserves (and using them), we will never run out of oil (or natural gas).
Check out www.ogj.comcan dogs eat celery
But I say, plane for the worstAt our current usage, how long will the world's oil supply last?
It has been predicted in the 1950's that the peak would be reached by Thanksgiving 2005 and everything from there on is downhill.At our current usage, how long will the world's oil supply last?
At current usage for the foreseeable future, given present and projected development of reserves (and using them), we will never run out of oil (or natural gas).
Check out www.ogj.com
Is the huge drop in oil/gas prices due to supply/demand factors or evil speculators suddenly being nice?
I would normally think it's the former, but judging from the hysterical rhetoric over the summer from both sides of the demopublican / republicrat aisle, I think it simply has to be the latter. Do you agree?Is the huge drop in oil/gas prices due to supply/demand factors or evil speculators suddenly being nice?
So here is the real answer (which is neither)...
With the Democratic interest in windfall profits tax and Congressional investigations into the impacts of the Commodity Futures Modernization Act, the speculators and producers that saw quite fantastic profits for several years decided it was time to loosen the noose.... kind of a like a child with his hand in the cookie jar hearing his mother come down the stairs.
The CFMA, passed by the Republican House and Senate in 2000 WITHOUT ANY DEBATE, created a separate trading board that did not have regulation under the Commodity Futures Trading Commission. This was strongly advocated by the now bankrupt Enron as a method and means to manipulate energy prices. As a result, tremendous volatility was introduced into the market, which allowed prices to spiral upwards for several years due to a self-fulfilling cycle of greater profits and concerns about punditry beating the drum of $5/gallon gas and $200 per barrel oil.
Perhaps coincidentally, the maximum price in oil occurred: at the same point where the maximum volume occurred in this non-regulated board; and it was the point when trading on the non-regulated board surpassed the trading on the CFTC regulated board.
The so-called ';Enron Loophole'; was closed in June 2008 with the passage of the Food, Conservation, and Energy Act of 2008. This bill was passed by Congress, vetoed by President Bush, and then over-ridden by Congress. The bill received Republican support because the writing was on the wall that several of the deregulations pushed through in 2000 and 2001 were causing serious problems in the US economy... and they wanted to get re-elected (my take). The Bill went into effect in mid-July 2008 and since that point, gas prices have dropped over $1.40 per gallon.
Issues about inventory and supply were a red herring. The arguments about supply/demand had a nugget of truth but were widely false. Yes demand was very high, but questions about the reason for high prices became louder as petroleum reserves kept growing.
My take is that as those in-the-know saw the house of cards start to fall, they pushed hard and furious in the media for expanded drilling leases and rights - everywhere - despite the thousands of unused leases already held by the massive petroleum conglomerations. To their credit, the Democrats held a line and demanded that the companies either drill what they had or give them up. But time was running out as price started dropping like a rock in Fall 2008. They didn't get everything they wanted and were stung with the repeal of their tax cuts in September.
Like the deregulation that caused the current investment/banking/housing meltdown, this cluster has Phil Gramm's greasy hands all over it. The most disappointing thing about ';news'; media today is that much of it is punditry or reporters reading corporate press releases as news.Is the huge drop in oil/gas prices due to supply/demand factors or evil speculators suddenly being nice?
I have to agree with you. Wow..It is funny how they stopped yelling ';SUPPLY/DEMAND'; just before the election!
I do think some of it also has to do with the strengthening of the US dollar on the global scale. More and more people are buying bonds after the instability of the markets...which make the dollar stronger on the international level. But again, I agree with you also, the speculators have backed off a lot.
It's both. We know inventories are rising due to less demand. We know that when demand is high it then attacks some speculator investment. Now that OPEC has cut production we will see what happens. But if people continue to lose jobs and economies around the world stay soft, then prices will stay low. Once the demand starts to rise and inventories fall, watch out.
Hello, I'm Barack Obama.
I myself have brought lower prices to america, By flying every individual barrel of oil back to the Us, Using my gigantic ears and my Big empty pockets.
I'm Barack Obama, and I approve Dumbo.
Who knows because it is rather mysterious. I did predict that the oil prices would go down before the elections but what do I know. It's probably all just pure coincidence.
The oil producing middle east is showing their gratitude toward us for electing Obama!
You republicans can start thanking us now!
A very shaky market as well as a decrease in supply and demand. The speculators aren't on good footing right now, can't say that I blame them.
So here is the real answer (which is neither)...
With the Democratic interest in windfall profits tax and Congressional investigations into the impacts of the Commodity Futures Modernization Act, the speculators and producers that saw quite fantastic profits for several years decided it was time to loosen the noose.... kind of a like a child with his hand in the cookie jar hearing his mother come down the stairs.
The CFMA, passed by the Republican House and Senate in 2000 WITHOUT ANY DEBATE, created a separate trading board that did not have regulation under the Commodity Futures Trading Commission. This was strongly advocated by the now bankrupt Enron as a method and means to manipulate energy prices. As a result, tremendous volatility was introduced into the market, which allowed prices to spiral upwards for several years due to a self-fulfilling cycle of greater profits and concerns about punditry beating the drum of $5/gallon gas and $200 per barrel oil.
Perhaps coincidentally, the maximum price in oil occurred: at the same point where the maximum volume occurred in this non-regulated board; and it was the point when trading on the non-regulated board surpassed the trading on the CFTC regulated board.
The so-called ';Enron Loophole'; was closed in June 2008 with the passage of the Food, Conservation, and Energy Act of 2008. This bill was passed by Congress, vetoed by President Bush, and then over-ridden by Congress. The bill received Republican support because the writing was on the wall that several of the deregulations pushed through in 2000 and 2001 were causing serious problems in the US economy... and they wanted to get re-elected (my take). The Bill went into effect in mid-July 2008 and since that point, gas prices have dropped over $1.40 per gallon.
Issues about inventory and supply were a red herring. The arguments about supply/demand had a nugget of truth but were widely false. Yes demand was very high, but questions about the reason for high prices became louder as petroleum reserves kept growing.
My take is that as those in-the-know saw the house of cards start to fall, they pushed hard and furious in the media for expanded drilling leases and rights - everywhere - despite the thousands of unused leases already held by the massive petroleum conglomerations. To their credit, the Democrats held a line and demanded that the companies either drill what they had or give them up. But time was running out as price started dropping like a rock in Fall 2008. They didn't get everything they wanted and were stung with the repeal of their tax cuts in September.
Like the deregulation that caused the current investment/banking/housing meltdown, this cluster has Phil Gramm's greasy hands all over it. The most disappointing thing about ';news'; media today is that much of it is punditry or reporters reading corporate press releases as news.Is the huge drop in oil/gas prices due to supply/demand factors or evil speculators suddenly being nice?
I have to agree with you. Wow..It is funny how they stopped yelling ';SUPPLY/DEMAND'; just before the election!
I do think some of it also has to do with the strengthening of the US dollar on the global scale. More and more people are buying bonds after the instability of the markets...which make the dollar stronger on the international level. But again, I agree with you also, the speculators have backed off a lot.
It's both. We know inventories are rising due to less demand. We know that when demand is high it then attacks some speculator investment. Now that OPEC has cut production we will see what happens. But if people continue to lose jobs and economies around the world stay soft, then prices will stay low. Once the demand starts to rise and inventories fall, watch out.
Hello, I'm Barack Obama.
I myself have brought lower prices to america, By flying every individual barrel of oil back to the Us, Using my gigantic ears and my Big empty pockets.
I'm Barack Obama, and I approve Dumbo.
Who knows because it is rather mysterious. I did predict that the oil prices would go down before the elections but what do I know. It's probably all just pure coincidence.
The oil producing middle east is showing their gratitude toward us for electing Obama!
You republicans can start thanking us now!
A very shaky market as well as a decrease in supply and demand. The speculators aren't on good footing right now, can't say that I blame them.
Does anyone know the supply and demand of different crude oil fractions?
for my homework i have to find 2 different fractions of crude oil and find out if the supply is greater than the demand. does anyone know any or a website i could use?Does anyone know the supply and demand of different crude oil fractions?
Two fractions you can use are Gasoline and Deisel fuel. Each week the government reports how much of each was refined and how much was used.
Two fractions you can use are Gasoline and Deisel fuel. Each week the government reports how much of each was refined and how much was used.
How supply and demand plays in the rising of oil price ?
Oil price is rising obviously is rising, and it is caused by the demand and supply, with demand exceeds the supply.
So, what are actually the factors of these supply and demand...
OPEC come into mine as the supplier and China %26amp; India's rapid economic growth also come to my mine as the cause of demand.
Can anyone explain me more about this supply and demand factors that causes the oil price to increase this much?How supply and demand plays in the rising of oil price ?
OPEC is a cartel and it operates in ways that milk bad situations. They have no incentive to supply more volumes of crude oil to the market since the obscene amounts of money they now make are way beyond their present and future needs. The oil markets are not ';free markets'; and you and too many who buy into the classic market model to understand the price behavior, refuse to learn that. People who spoof conspiracy theories need to understand the origin of our anti-trust laws which have been tossed out to favor overconcentration of power in certain commodities particularily in staples that tend to be highly inelastic on the demand side.
Google ';price fixing behaviors';, ';Anti-trust behaviors'; ';OPEC %26amp; commodity cartels';. If you don't study up on economic history you are welcome to continue believing in the fantasy of ';free markets.'; There are bad people out there with the power to milk us like cows or sheep!
As long as you believe in the academic ideal model, you will be victimized over and over again! Now we are looking at a food crisis and price inflation in everything . Do you really think in terms of the classic free market models you learned in school and have been conditioned to trust to explain the economic realities of the real world! I don't anymore!How supply and demand plays in the rising of oil price ?
We fall prey to OPEC as the nation is addicted to foreign oil. Brazil's PetroBras has freed Brazil from importing foreign oil due to their success in Ethanol project.
The most important immediate remedy is to lessen our use of foreign oil. Less traveling and less electrical consumption will break our demand for gas.
Our Govt. can lead our nation into zero foreign oil import by the propagation and acceleration of ALTERNATIVE SOURCES of ENERGY.
This is the time when great leaders shine. In times of great need. I call upon the nation's leaders to step to the plate and kick GREED BACK INTO DARKNESS.
OPEC 's GREED for power and influence is too much for the world to bear. If this was in the 40's, America would have taken over their oil.
I would have exercised presidential prerogatives to expropriate and tap oil on the outskirts of the Arabian peninsula. Build offshore platforms and protect it with our sea power.
Number #1's post has a good read on the situation.
The government has printed too many dollars so it is losing value. And the military is using lots of oil in the two war fronts. And Iraq is producing less oil after the invasion than before. This is all good for oil company owners and their supporters but bad for the common man.
The demand for oil is rising, and is quite inelastic with respect to price in the short run. That means that people become committed to oil for transportation, heating, and production of energy for running plants etc. It is not easy or cheap to convert to other sources of energy since there is an elaborate infrastructure in place to deliver oil based energy around the world.
So, on the demand side you have the rapid growth in consumption and the difficulty in switching to alternate sources.
On the supply side, you have a cartel controlling a huge portion of the supply. This cartel is able to control the pace of supply enough to cause price increases to their own benefit as well as the benefit of other producers. These are intelligent people, who make rational decisions based on short and long term needs and strategies. So its foolish to think that they will do anything other than maximize their position. That does not mean that all they care about is short term profit. They understand that if the price goes too high, they will create powerful incentives for research and development investment in alternative sources, and investment in the infrastructure needed to deliver the alternative sources to the market. So they keep the volume pumping just fast enough to discourage serious investments of that type.
The third factor that is widely acknowledged right now is a speculative element due to the decline of the dollar. If Americans elect politicians who will pay more attention to the budget deficit, and get our financial house back in order, you can look for the dollar to rebound a bit and the speculators to move on to other opportunities. this would ease the price of oil, perhaps as much as $40 a barrel when all is said and done. But at the same time, rising demand can push the equilibrium price of oil higher, so don't look for a real price decline of $40, that's just the estimated effect of speculation at the moment.
So, what are actually the factors of these supply and demand...
OPEC come into mine as the supplier and China %26amp; India's rapid economic growth also come to my mine as the cause of demand.
Can anyone explain me more about this supply and demand factors that causes the oil price to increase this much?How supply and demand plays in the rising of oil price ?
OPEC is a cartel and it operates in ways that milk bad situations. They have no incentive to supply more volumes of crude oil to the market since the obscene amounts of money they now make are way beyond their present and future needs. The oil markets are not ';free markets'; and you and too many who buy into the classic market model to understand the price behavior, refuse to learn that. People who spoof conspiracy theories need to understand the origin of our anti-trust laws which have been tossed out to favor overconcentration of power in certain commodities particularily in staples that tend to be highly inelastic on the demand side.
Google ';price fixing behaviors';, ';Anti-trust behaviors'; ';OPEC %26amp; commodity cartels';. If you don't study up on economic history you are welcome to continue believing in the fantasy of ';free markets.'; There are bad people out there with the power to milk us like cows or sheep!
As long as you believe in the academic ideal model, you will be victimized over and over again! Now we are looking at a food crisis and price inflation in everything . Do you really think in terms of the classic free market models you learned in school and have been conditioned to trust to explain the economic realities of the real world! I don't anymore!How supply and demand plays in the rising of oil price ?
We fall prey to OPEC as the nation is addicted to foreign oil. Brazil's PetroBras has freed Brazil from importing foreign oil due to their success in Ethanol project.
The most important immediate remedy is to lessen our use of foreign oil. Less traveling and less electrical consumption will break our demand for gas.
Our Govt. can lead our nation into zero foreign oil import by the propagation and acceleration of ALTERNATIVE SOURCES of ENERGY.
This is the time when great leaders shine. In times of great need. I call upon the nation's leaders to step to the plate and kick GREED BACK INTO DARKNESS.
OPEC 's GREED for power and influence is too much for the world to bear. If this was in the 40's, America would have taken over their oil.
I would have exercised presidential prerogatives to expropriate and tap oil on the outskirts of the Arabian peninsula. Build offshore platforms and protect it with our sea power.
Number #1's post has a good read on the situation.
The government has printed too many dollars so it is losing value. And the military is using lots of oil in the two war fronts. And Iraq is producing less oil after the invasion than before. This is all good for oil company owners and their supporters but bad for the common man.
The demand for oil is rising, and is quite inelastic with respect to price in the short run. That means that people become committed to oil for transportation, heating, and production of energy for running plants etc. It is not easy or cheap to convert to other sources of energy since there is an elaborate infrastructure in place to deliver oil based energy around the world.
So, on the demand side you have the rapid growth in consumption and the difficulty in switching to alternate sources.
On the supply side, you have a cartel controlling a huge portion of the supply. This cartel is able to control the pace of supply enough to cause price increases to their own benefit as well as the benefit of other producers. These are intelligent people, who make rational decisions based on short and long term needs and strategies. So its foolish to think that they will do anything other than maximize their position. That does not mean that all they care about is short term profit. They understand that if the price goes too high, they will create powerful incentives for research and development investment in alternative sources, and investment in the infrastructure needed to deliver the alternative sources to the market. So they keep the volume pumping just fast enough to discourage serious investments of that type.
The third factor that is widely acknowledged right now is a speculative element due to the decline of the dollar. If Americans elect politicians who will pay more attention to the budget deficit, and get our financial house back in order, you can look for the dollar to rebound a bit and the speculators to move on to other opportunities. this would ease the price of oil, perhaps as much as $40 a barrel when all is said and done. But at the same time, rising demand can push the equilibrium price of oil higher, so don't look for a real price decline of $40, that's just the estimated effect of speculation at the moment.
OPEC members want to cut their output of crude oil to reduce the supply.?
If they do this how will the deman for crude oil change?OPEC members want to cut their output of crude oil to reduce the supply.?
Demand is constant if not growing. The price of oil will rise if the oil is more scarce than previously.
There is virtually no elasticity on oil.OPEC members want to cut their output of crude oil to reduce the supply.?
Demand will increase obviously.
Demand will continue to grow because the increase in price from the reduced supply will raise price, but since gasoline is inelastic with respect to demand, consumption will not back off (quantity demanded will not drop significantly), plus there are so many factors at play which will increase the demand for gasoline regardless of price....like emerging economies such as China and India increasing the number of buyers for the product.
it will go higher and that is why we need to get out away from these horrible people. we need to use what we have and we have alot i guarantee you.
Demand is constant if not growing. The price of oil will rise if the oil is more scarce than previously.
There is virtually no elasticity on oil.OPEC members want to cut their output of crude oil to reduce the supply.?
Demand will increase obviously.
Demand will continue to grow because the increase in price from the reduced supply will raise price, but since gasoline is inelastic with respect to demand, consumption will not back off (quantity demanded will not drop significantly), plus there are so many factors at play which will increase the demand for gasoline regardless of price....like emerging economies such as China and India increasing the number of buyers for the product.
it will go higher and that is why we need to get out away from these horrible people. we need to use what we have and we have alot i guarantee you.
In terms of Supply and Demand, why are oil prices still rising?
We all know crude oil is going to run out sooner or later. But, I know many places such as Alberta in Fort McMurray, there's many oil rigs there and yet they still jack up the oil prices. What the reason behind it even though there is tons of oil?In terms of Supply and Demand, why are oil prices still rising?
The U.S. Senate Commerce Committee held a hearing on this very issue on June 3 2008, last Tuesday. The hearing was titled Energy Market Manipulation and Federal Enforcement Regimes. For a real eye opener, take a look at the testimony from that hearing:
http://commerce.senate.gov/public/index.鈥?/a>
In particular look at the testimony of Michael Greenberger, who served as the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission from September 1997 to September 1999:
http://commerce.senate.gov/public/_files鈥?/a>
After reading this stuff, you will understand what exactly is going on with oil. You are paying at least $1 more for a gallon of gas than you would pay under non-manipulated supply and demand.
Any explanations that blame factors such as increased demand from China and India, dwindling supply, or ';peak oil';, are simply irrelevant. Nobody knows what the actual driving forces are, nor their actual effect, so long as large scale speculators such as hedge funds and Morgan Stanley (the latter is actually buying and stockpiling oil as a hedge against the falling dollar) continue to manipulate the price in unregulated markets.
Don't take my word for it -- read the testimony above. You'll gain a good clear understanding of what exactly has been going on.In terms of Supply and Demand, why are oil prices still rising?
Refining oil in to a product that can be used in the production of gasoline, plastics, and other products, is much more complicated than just taking the oil out of the ground. It is very expensive and slow to build up the machinery and labor force necessary to do this, not to mention the fact that many governments are involved in activities that restrict the import and exportation of oil. All of these factors make it difficult for supply to keep pace with rapidly increasing global demand (which is mostly driven by developing third world countries), and as long as demand is increasing quicker than supply, the price will rise.
Even though the demand for oil has fallen a little in most industrialized countries due to the high prices, the growth of the economies in Asia, especially China, means the would demand is still rising. In many oil producing countries (Russia, Mexico) the output is declining, and in only a few (Canada) is it increasing.
http://www.infoplease.com/ipa/A0922041.h鈥?/a>
The U.S. Senate Commerce Committee held a hearing on this very issue on June 3 2008, last Tuesday. The hearing was titled Energy Market Manipulation and Federal Enforcement Regimes. For a real eye opener, take a look at the testimony from that hearing:
http://commerce.senate.gov/public/index.鈥?/a>
In particular look at the testimony of Michael Greenberger, who served as the Director of the Division of Trading and Markets at the Commodity Futures Trading Commission from September 1997 to September 1999:
http://commerce.senate.gov/public/_files鈥?/a>
After reading this stuff, you will understand what exactly is going on with oil. You are paying at least $1 more for a gallon of gas than you would pay under non-manipulated supply and demand.
Any explanations that blame factors such as increased demand from China and India, dwindling supply, or ';peak oil';, are simply irrelevant. Nobody knows what the actual driving forces are, nor their actual effect, so long as large scale speculators such as hedge funds and Morgan Stanley (the latter is actually buying and stockpiling oil as a hedge against the falling dollar) continue to manipulate the price in unregulated markets.
Don't take my word for it -- read the testimony above. You'll gain a good clear understanding of what exactly has been going on.In terms of Supply and Demand, why are oil prices still rising?
Refining oil in to a product that can be used in the production of gasoline, plastics, and other products, is much more complicated than just taking the oil out of the ground. It is very expensive and slow to build up the machinery and labor force necessary to do this, not to mention the fact that many governments are involved in activities that restrict the import and exportation of oil. All of these factors make it difficult for supply to keep pace with rapidly increasing global demand (which is mostly driven by developing third world countries), and as long as demand is increasing quicker than supply, the price will rise.
Even though the demand for oil has fallen a little in most industrialized countries due to the high prices, the growth of the economies in Asia, especially China, means the would demand is still rising. In many oil producing countries (Russia, Mexico) the output is declining, and in only a few (Canada) is it increasing.
http://www.infoplease.com/ipa/A0922041.h鈥?/a>
Will the United Nations try to claim the World's Oil Supply?
They would like to. They will scheme to attain it. They can not do it.
The United Nations could not find its way out of a closet if the door was closed.Will the United Nations try to claim the World's Oil Supply?
No, companies are bigger then governments these days.Will the United Nations try to claim the World's Oil Supply?
No-Not only is the UN not competant enough to make such a mandate, but most of the World's Oil Suppliers own the UN. So such a claim would be redundant.
Peace
What the hell for? :)
That would be the end.
Can you can say ';REDRUM?'
Who knows, but with their green metality, what would they do with it?
Unless there are little boys to rape for doing so, I don't see it.
The UN is not capable of that kind of organization. Nice delusion though!can dogs eat celery
The United Nations could not find its way out of a closet if the door was closed.Will the United Nations try to claim the World's Oil Supply?
No, companies are bigger then governments these days.Will the United Nations try to claim the World's Oil Supply?
No-Not only is the UN not competant enough to make such a mandate, but most of the World's Oil Suppliers own the UN. So such a claim would be redundant.
Peace
What the hell for? :)
That would be the end.
Can you can say ';REDRUM?'
Who knows, but with their green metality, what would they do with it?
Unless there are little boys to rape for doing so, I don't see it.
The UN is not capable of that kind of organization. Nice delusion though!
What is the world demand supply situation for lemongrass oil?
my company based in India produces high quality lemongrass oil. i am looking for possible buyers.What is the world demand supply situation for lemongrass oil?
what is lemongrass oil?
I guess before you try selling stuff, people have to know what it is, and why its better than any other oil.....
but it has an interesting name,
what is lemongrass oil?
I guess before you try selling stuff, people have to know what it is, and why its better than any other oil.....
but it has an interesting name,
What would happen if countries all of a sudden decide not to supply oil to the U.S.?
The USA will wage wars on those oil countries.What would happen if countries all of a sudden decide not to supply oil to the U.S.?
We actually import 60 percent of our oil. So we would have our own 40 percent, plus the strategic petroleum reserve, so we could last for some time. It is hard to say what would really happen, but not much good would. Good thing we are such good friends with canada, eh? (We import mostly from them, followed by saudi arabia)What would happen if countries all of a sudden decide not to supply oil to the U.S.?
If you were a little older, you'd remember the oil boycott of 1973 when that's exactly what happened. Enough countries blacklisted us that the pain was excruciating.
Buses and public transit systems neglected for years and years couldn't handle the crush loads. People ran out of gas on the highways or on the way to work and lines stretched for miles at gasoline stations, sometimes only to end with pumps running out at outrageous prices.
We haven't learned a thing from that (which followed a war in the Middle East) or the second time around ... OPEC has in its wisdom allowed us to dig our own graves.
We are worse off than ever. Public transit continues to be neglected, especially under Republican presidents. Rather than build an extensive high speed rail system, we've built more roads and more inaccessbile suburbs where only cars work.
The French, while they fall short in many areas, saw what happened and acted accordingly. They had been planning to use turboliners for their projected high speed line, but quickly decided to switch to all electric rail for high speed, fed from Nuclear power plants with an assured fuel supply. They didn't neglect roads or airports, but the rail lines take a lot of pressure off them -- and if there's a cutback in gasoline, most of France will function. Only 2 percent of their economy reliant on oil supplies.
One other thing they've done in the years since 1973 is to reward industries that have adopted much more energy efficient methods. The results in some cases have been startling. One glass factor reduced its energy consumption by 90 percent. The French have a somewhat autocratic, strong central government and they saw this as a matter of national security and they were right.
Us? We elected the village idiot from the United State of Oil Companies and we've let him wreck the economy, encourage greater oil consumption and he's burning more than we can imagine in his little war to prove he has a penis.
And he seems determined to start a war with Venezuela, one of our biggest suppliers, or to at least permanently alienate them. He's p*ssed on Canada, which supplies a lot of our oil and especially natural gas. And a lot of our politicians hae all but declared war on Mexico over immigration without looking to see how much oil we import from them.
That's a little known fact. We don't import that much oil from the Middle East. Saudi Arabia is important, but it's roughly on the same scale as some of our other suppliers closer to home. We import more oil from Canada, Mexico, Venezuela and West Africa than most places. But it's a global market -- if the Arabs shut us off, we don't have anywhere else to go.
We're running out of time here. 20-40 years may seem a long way off -- I'll be dead by then -- but it's come down on us like crazy. Oil and energyis about to get so much steeper than what already seem like high prices that we're going to squeak.
For now, there's enough. But we need to start moving toward real energy independence. And that doesn't mean drilling in Wildernesses. That's a mere drop in the bucket. We need more efficient industry, high speed rail (good for national security as well), high speed commuter transport and better planning of our land use so as to minimize energy consumption.
I generally don't approve of subsidies, but we could offer tax incentives for significant reductions in inefficiency. We could substitute electric cars for gasoline ones in areas where there is good public rail commuting -- and they'd be worth a subsidy i we did enough.
There are all sorts of answers to what we can do, but as it is, we're looking at catastrophe. It's just a question of when.
Someone said 'the US would wage war on those countries'. Not all that well thought out: try powering a globally deployed army without oil. We'd be crippled. Government would declare marshal law and order massive cuts in energy consumption. Severe curfews with sharp penalties for violations. The nights would be very, very dark. Dollar would collapse, and government would probably 'call in' all the gold (force citizens to turn in all non-jewelry gold for some form of nominal payment, as it did in 1931).
The reason for marshal law, curfews etc., and energy restrictions is that without all this, the entire country would go dark within a few months, the price of food would go straight to the stratosphere (which it would do anyway), and if we weren't forced to stay in our homes and starve to death, we'd be in the streets shooting each other. Which would probably be happening on some scale anyway.
If we DID try to wage war -- which I suppose we might -- we'd have to get real, real lucky, because if it's a LOT of countries withholding oil from the US, reason dictates those countries would be resolved to stand together against us, militarily AND adequately supplied with oil, no matter who we attacked.
It's too scary a scenario to even contemplate, even tho I just did.
dude kaos it would be like mad max out here in a week
The US would just take it anyway. Why do you think the US is invading Iraq
We actually import 60 percent of our oil. So we would have our own 40 percent, plus the strategic petroleum reserve, so we could last for some time. It is hard to say what would really happen, but not much good would. Good thing we are such good friends with canada, eh? (We import mostly from them, followed by saudi arabia)What would happen if countries all of a sudden decide not to supply oil to the U.S.?
If you were a little older, you'd remember the oil boycott of 1973 when that's exactly what happened. Enough countries blacklisted us that the pain was excruciating.
Buses and public transit systems neglected for years and years couldn't handle the crush loads. People ran out of gas on the highways or on the way to work and lines stretched for miles at gasoline stations, sometimes only to end with pumps running out at outrageous prices.
We haven't learned a thing from that (which followed a war in the Middle East) or the second time around ... OPEC has in its wisdom allowed us to dig our own graves.
We are worse off than ever. Public transit continues to be neglected, especially under Republican presidents. Rather than build an extensive high speed rail system, we've built more roads and more inaccessbile suburbs where only cars work.
The French, while they fall short in many areas, saw what happened and acted accordingly. They had been planning to use turboliners for their projected high speed line, but quickly decided to switch to all electric rail for high speed, fed from Nuclear power plants with an assured fuel supply. They didn't neglect roads or airports, but the rail lines take a lot of pressure off them -- and if there's a cutback in gasoline, most of France will function. Only 2 percent of their economy reliant on oil supplies.
One other thing they've done in the years since 1973 is to reward industries that have adopted much more energy efficient methods. The results in some cases have been startling. One glass factor reduced its energy consumption by 90 percent. The French have a somewhat autocratic, strong central government and they saw this as a matter of national security and they were right.
Us? We elected the village idiot from the United State of Oil Companies and we've let him wreck the economy, encourage greater oil consumption and he's burning more than we can imagine in his little war to prove he has a penis.
And he seems determined to start a war with Venezuela, one of our biggest suppliers, or to at least permanently alienate them. He's p*ssed on Canada, which supplies a lot of our oil and especially natural gas. And a lot of our politicians hae all but declared war on Mexico over immigration without looking to see how much oil we import from them.
That's a little known fact. We don't import that much oil from the Middle East. Saudi Arabia is important, but it's roughly on the same scale as some of our other suppliers closer to home. We import more oil from Canada, Mexico, Venezuela and West Africa than most places. But it's a global market -- if the Arabs shut us off, we don't have anywhere else to go.
We're running out of time here. 20-40 years may seem a long way off -- I'll be dead by then -- but it's come down on us like crazy. Oil and energyis about to get so much steeper than what already seem like high prices that we're going to squeak.
For now, there's enough. But we need to start moving toward real energy independence. And that doesn't mean drilling in Wildernesses. That's a mere drop in the bucket. We need more efficient industry, high speed rail (good for national security as well), high speed commuter transport and better planning of our land use so as to minimize energy consumption.
I generally don't approve of subsidies, but we could offer tax incentives for significant reductions in inefficiency. We could substitute electric cars for gasoline ones in areas where there is good public rail commuting -- and they'd be worth a subsidy i we did enough.
There are all sorts of answers to what we can do, but as it is, we're looking at catastrophe. It's just a question of when.
Someone said 'the US would wage war on those countries'. Not all that well thought out: try powering a globally deployed army without oil. We'd be crippled. Government would declare marshal law and order massive cuts in energy consumption. Severe curfews with sharp penalties for violations. The nights would be very, very dark. Dollar would collapse, and government would probably 'call in' all the gold (force citizens to turn in all non-jewelry gold for some form of nominal payment, as it did in 1931).
The reason for marshal law, curfews etc., and energy restrictions is that without all this, the entire country would go dark within a few months, the price of food would go straight to the stratosphere (which it would do anyway), and if we weren't forced to stay in our homes and starve to death, we'd be in the streets shooting each other. Which would probably be happening on some scale anyway.
If we DID try to wage war -- which I suppose we might -- we'd have to get real, real lucky, because if it's a LOT of countries withholding oil from the US, reason dictates those countries would be resolved to stand together against us, militarily AND adequately supplied with oil, no matter who we attacked.
It's too scary a scenario to even contemplate, even tho I just did.
dude kaos it would be like mad max out here in a week
The US would just take it anyway. Why do you think the US is invading Iraq
Who makes the traverlers brand motor oil that is sold in tractor supply stores?
It is actually made by the tractor supplu company...here is a link
http://www.tractorsupply.com/webapp/wcs/鈥?/a>Who makes the traverlers brand motor oil that is sold in tractor supply stores?
I am sorry, i tried looking up your answer on various websites and even posted the Question on a site much similar to this but have had no response. if i do in future. i will let you know. for now sorry. try going to wiki though
http://www.tractorsupply.com/webapp/wcs/鈥?/a>Who makes the traverlers brand motor oil that is sold in tractor supply stores?
I am sorry, i tried looking up your answer on various websites and even posted the Question on a site much similar to this but have had no response. if i do in future. i will let you know. for now sorry. try going to wiki though
OPEC cartels' attempts to limit the supply of oil?
what are the Advantage and disadvantage of the OPEC cartels' attempts to limit the supply of oil?
explain in detail if possible, thanks.OPEC cartels' attempts to limit the supply of oil?
OPEC and NOPEC have been very successful and influencing the price of oil for the past 40 years. They've also had some spectacular failures too.
In the 1970s, as you may be too young to even recall, OPEC instituted an embargo against the US. This crippled our economy and had a dramatic effect on everyday life. There were fuel shortages, rationing to some extent and lots of frustration. This lasted for some months and finally ended.
However, during the 80s, there were some NOPEC (non-OPEC) oil producers who were flagrantly going against OPEC and selling oil at very, very cheap prices. This depressed the oil market and production of oil in the US shut down, leaving Texas a barren wasteland of abandoned wells since the oil was more expensive to pump than to buy on the open market.
Now, OPEC holds all of the cards. Saudi Arabia and other Gulf States control most of the world's crude and can set prices and production at their leisure.
When OPEC wants to increase prices of oil and oil products, they simply have to cut production output. That will inflate the price of oil and line their pockets. When OPEC wants to operate at maximum capacity, oil prices will start to fall.
According to some data, all OPEC wells are operating at about 80% of capacity and keeping the supply fairly tight and prices artificially higher than they should.
But with China starting to drill for oil in Africa under contract with the poor nations, China is circumventing OPEC and getting their own oil cheaper than on the open market. This will undermine OPEC if the Chinese drillers hit a massive pocket of oil.
Also, the US and Canada sit on the world's largest supply of Oil Shale and Tar Sands. Technology was too expensive to cheaply extract crude from these resources almost 40 years ago, but the technology exists now to get it out at $50 to $60 per barrel. The only obstacle is the will of US and Canada to begin production and finally get us off of OPEC oil.
So, OPEC has limited the supply of oil, but since all oil producing nations are not OPEC members, the cartel's influence only reaches so far.
explain in detail if possible, thanks.OPEC cartels' attempts to limit the supply of oil?
OPEC and NOPEC have been very successful and influencing the price of oil for the past 40 years. They've also had some spectacular failures too.
In the 1970s, as you may be too young to even recall, OPEC instituted an embargo against the US. This crippled our economy and had a dramatic effect on everyday life. There were fuel shortages, rationing to some extent and lots of frustration. This lasted for some months and finally ended.
However, during the 80s, there were some NOPEC (non-OPEC) oil producers who were flagrantly going against OPEC and selling oil at very, very cheap prices. This depressed the oil market and production of oil in the US shut down, leaving Texas a barren wasteland of abandoned wells since the oil was more expensive to pump than to buy on the open market.
Now, OPEC holds all of the cards. Saudi Arabia and other Gulf States control most of the world's crude and can set prices and production at their leisure.
When OPEC wants to increase prices of oil and oil products, they simply have to cut production output. That will inflate the price of oil and line their pockets. When OPEC wants to operate at maximum capacity, oil prices will start to fall.
According to some data, all OPEC wells are operating at about 80% of capacity and keeping the supply fairly tight and prices artificially higher than they should.
But with China starting to drill for oil in Africa under contract with the poor nations, China is circumventing OPEC and getting their own oil cheaper than on the open market. This will undermine OPEC if the Chinese drillers hit a massive pocket of oil.
Also, the US and Canada sit on the world's largest supply of Oil Shale and Tar Sands. Technology was too expensive to cheaply extract crude from these resources almost 40 years ago, but the technology exists now to get it out at $50 to $60 per barrel. The only obstacle is the will of US and Canada to begin production and finally get us off of OPEC oil.
So, OPEC has limited the supply of oil, but since all oil producing nations are not OPEC members, the cartel's influence only reaches so far.
Is Venezuela's gas supply expected to outlast Canada's oil supply?
No.
The difference in market systems helps explain it.
Venezuela subsidizes oil sales so gas there can cost as little as 25 cents per gallon. Last year they nationalized foreign oil companies. If other countries serve as historical example, the Venezuelan government will sell gas at levels that are unallocatively efficient. Smuggling, government price controls, will like cause shortages in the long run.
Even if Venezuela had more oil, it will use it too quickly, and will not respond to changes in prices that signal consumers to use less and producers to refine/drill more.
Canada may seem to have tapped all their major oil fields, but because they have a more market oriented system economists can predict that they will respond to price changes, implement better technology because of price changes, and use less gas.
Its like last Christmas when Target sold Wiis for $250, while they could be bought on eBay for $400. The price may be lower at Target,but they run out. Where prices rise, you will not find shortages, or empty shelves. Or empty gas tanks.Is Venezuela's gas supply expected to outlast Canada's oil supply?
lo venezuela only use less then 10% of there oil a year every only pro country has cheap oil Report Abuse
Is Venezuela's gas supply expected to outlast Canada's oil supply?
venezuela has massive amounst of oil and natural gas still not drilled Report Abuse
It depends on what you mean by ';outlast';. Canada's conventional oil production has already peaked while Venezuela's is still going OK.
Both Canada and Venezuela have large non-conventional tar-sands-type reserves. Canada's are more accessible and probably larger, and are under active development now. Venezuela's oil sands are buried deeper so they can't be extracted by surface mining like in Alberta.
So to answer your question: tar-sand oil will probably keep Canada going longer than it will Venezula.
The difference in market systems helps explain it.
Venezuela subsidizes oil sales so gas there can cost as little as 25 cents per gallon. Last year they nationalized foreign oil companies. If other countries serve as historical example, the Venezuelan government will sell gas at levels that are unallocatively efficient. Smuggling, government price controls, will like cause shortages in the long run.
Even if Venezuela had more oil, it will use it too quickly, and will not respond to changes in prices that signal consumers to use less and producers to refine/drill more.
Canada may seem to have tapped all their major oil fields, but because they have a more market oriented system economists can predict that they will respond to price changes, implement better technology because of price changes, and use less gas.
Its like last Christmas when Target sold Wiis for $250, while they could be bought on eBay for $400. The price may be lower at Target,but they run out. Where prices rise, you will not find shortages, or empty shelves. Or empty gas tanks.Is Venezuela's gas supply expected to outlast Canada's oil supply?
lo venezuela only use less then 10% of there oil a year every only pro country has cheap oil Report Abuse
Is Venezuela's gas supply expected to outlast Canada's oil supply?
venezuela has massive amounst of oil and natural gas still not drilled Report Abuse
It depends on what you mean by ';outlast';. Canada's conventional oil production has already peaked while Venezuela's is still going OK.
Both Canada and Venezuela have large non-conventional tar-sands-type reserves. Canada's are more accessible and probably larger, and are under active development now. Venezuela's oil sands are buried deeper so they can't be extracted by surface mining like in Alberta.
So to answer your question: tar-sand oil will probably keep Canada going longer than it will Venezula.
If Dem or Rep got us out of IRAQ, would the void (or radical forces) disrupt the world oil supply?
They would certainly attempt to. Efforts are already in place to disrupt our ecomomy through oil, and we could end up in a depression from it in combination with the real estate issue we have here.
But that is not the worst part.
Iraq would never have agreed to try a real democracy were it not for the promise of American support and defense.
We promised.
Now if we yank out support, and the newly established government of Iraq is overthrown, people tortured and killed... who are they going to blame? Think we have had terrorist problems in the past? If I was a kid who watched my dad tortured and murdered because America encouraged him to form a system of government the rest of the middle east hates with a fiery passion (a free one) and then abandonned him to be devoured by the wolves... breaking their promise? You know what? I'd want America blown up too. I'd hate it from the bottom of my heart for that level of betrayal.
We betray the people of Iraq, good luck ever getting ANYONE in the middle east to support or believe you in the future. We might as well just fund terrorist groups to attack us.
If Iraq crumbles and hates us, we also lose a foothold right next to a country we need a foothold near. Iran. They are working on nuclear potential. We have had a delicate balance in nuclear arms. One of self preservation. No one wants to be blown to hell, so no one launches. Enter a mentality of 'strap a bomb to me, I'll blow myself up to mortally injure my enemy' and suddenly the balance of sanity and self preservation is tipped. Do YOU want flipping Iran to have nuclear warheads? I sure as F don't. But Americans really love those quick response answers like 'withdraw the troops'. Not only does it make them feel morally superior, it is a fast solution and they don't have to go through all that nasty hard work of actually thinking about the ramifications of such a decision.
The stage is set to have something in place to everyone's advantage... or to put everyone at peril... and no one is really thinking about it. Just looking for a 'your way right away burger king now' insta answer served up in 5 minutes or less.
America? You flipping dumbarses. We really should try using our flipping heads for once.
Sorry your gas costs a few cents more people. We all know how you 'luvs them thar bargains' but believe it or not, there is a slightly larger picture than the price window of your fuel pump. There's a whole big world out there, and it can be a really scary place if you aren't paying attention.If Dem or Rep got us out of IRAQ, would the void (or radical forces) disrupt the world oil supply?
That is the big questions. I would have to say yes because I just don't believe that the Muslims in Iraq will ever be able to get along. Eventually the country will split into 3 and one of the 3 will join Iran.If Dem or Rep got us out of IRAQ, would the void (or radical forces) disrupt the world oil supply?
The U.S.A. wants the area to be peaceful so that it is safe to ship oil . Iraq needs to be able to control its own people, and have good relations with its neighbours. Saddam was anti-religious.
it snt disrupted now?
I truly applaud you Dan Wagner, you hit that nail right on the head! I totally agree with you too! Most people in the US do not think past the next weekend. they have an instant gratification mentality which some of us see as really stupid when you look at the big picture. they are just asking for us to get attacked again if we pull our troops out.
Sweet Jesus...we were paying a $1.30 per gallon for gas before the Iraq debacle that we were lied into. We are currently paying $3.00 plus for gas.
Am I frigging stupid or are we paying more for gas as a result of Bush's...and the Republican Congress's...lies????
All of you supporters of Bush should understand that Bush lied and our soldiers died in a war that never needed to be fought...that is the major tragedy. The secondary tragedy is that people in our country on a budget are spending lots more for gas.
We need to develop alternatives to Mid-East oil...solar, ethanol, hydrogen, etc...and we could do this if we weren't spending the $323 million dollars a day to fight a war that never needed to be fought in Iraq.
Forget the lying right wing radio talk show nuts. Think about the truth.can dogs eat celery
But that is not the worst part.
Iraq would never have agreed to try a real democracy were it not for the promise of American support and defense.
We promised.
Now if we yank out support, and the newly established government of Iraq is overthrown, people tortured and killed... who are they going to blame? Think we have had terrorist problems in the past? If I was a kid who watched my dad tortured and murdered because America encouraged him to form a system of government the rest of the middle east hates with a fiery passion (a free one) and then abandonned him to be devoured by the wolves... breaking their promise? You know what? I'd want America blown up too. I'd hate it from the bottom of my heart for that level of betrayal.
We betray the people of Iraq, good luck ever getting ANYONE in the middle east to support or believe you in the future. We might as well just fund terrorist groups to attack us.
If Iraq crumbles and hates us, we also lose a foothold right next to a country we need a foothold near. Iran. They are working on nuclear potential. We have had a delicate balance in nuclear arms. One of self preservation. No one wants to be blown to hell, so no one launches. Enter a mentality of 'strap a bomb to me, I'll blow myself up to mortally injure my enemy' and suddenly the balance of sanity and self preservation is tipped. Do YOU want flipping Iran to have nuclear warheads? I sure as F don't. But Americans really love those quick response answers like 'withdraw the troops'. Not only does it make them feel morally superior, it is a fast solution and they don't have to go through all that nasty hard work of actually thinking about the ramifications of such a decision.
The stage is set to have something in place to everyone's advantage... or to put everyone at peril... and no one is really thinking about it. Just looking for a 'your way right away burger king now' insta answer served up in 5 minutes or less.
America? You flipping dumbarses. We really should try using our flipping heads for once.
Sorry your gas costs a few cents more people. We all know how you 'luvs them thar bargains' but believe it or not, there is a slightly larger picture than the price window of your fuel pump. There's a whole big world out there, and it can be a really scary place if you aren't paying attention.If Dem or Rep got us out of IRAQ, would the void (or radical forces) disrupt the world oil supply?
That is the big questions. I would have to say yes because I just don't believe that the Muslims in Iraq will ever be able to get along. Eventually the country will split into 3 and one of the 3 will join Iran.If Dem or Rep got us out of IRAQ, would the void (or radical forces) disrupt the world oil supply?
The U.S.A. wants the area to be peaceful so that it is safe to ship oil . Iraq needs to be able to control its own people, and have good relations with its neighbours. Saddam was anti-religious.
it snt disrupted now?
I truly applaud you Dan Wagner, you hit that nail right on the head! I totally agree with you too! Most people in the US do not think past the next weekend. they have an instant gratification mentality which some of us see as really stupid when you look at the big picture. they are just asking for us to get attacked again if we pull our troops out.
Sweet Jesus...we were paying a $1.30 per gallon for gas before the Iraq debacle that we were lied into. We are currently paying $3.00 plus for gas.
Am I frigging stupid or are we paying more for gas as a result of Bush's...and the Republican Congress's...lies????
All of you supporters of Bush should understand that Bush lied and our soldiers died in a war that never needed to be fought...that is the major tragedy. The secondary tragedy is that people in our country on a budget are spending lots more for gas.
We need to develop alternatives to Mid-East oil...solar, ethanol, hydrogen, etc...and we could do this if we weren't spending the $323 million dollars a day to fight a war that never needed to be fought in Iraq.
Forget the lying right wing radio talk show nuts. Think about the truth.
What is the difference between natural olive oil that you buy in the beauty supply store and?
the olive oil you buy in the super market to cook? I notice there is a color difference but that is about it. I am looking to make some natural homemade body scrubs and some ingredients call for olive oil, today i was out in the stores and i saw this new kind of olive oil and im asking myself what is different between this one and the one you can buy to cook with?What is the difference between natural olive oil that you buy in the beauty supply store and?
After looking at the ingredients on products like Olive Oil: Scalp Treatment, Cantu Shea Butter:Natural Olive Oil, etc. The only difference I see is that the olive oil to buy to cook with is pure olive oil, no other oils added while the 'beauty' olive oil has other oils added to it.What is the difference between natural olive oil that you buy in the beauty supply store and?
This one is for your hair. Mainly African American hair. It makes it shiny. I wouldn't recommend this for your body. just use baby oil after your shower.
After looking at the ingredients on products like Olive Oil: Scalp Treatment, Cantu Shea Butter:Natural Olive Oil, etc. The only difference I see is that the olive oil to buy to cook with is pure olive oil, no other oils added while the 'beauty' olive oil has other oils added to it.What is the difference between natural olive oil that you buy in the beauty supply store and?
This one is for your hair. Mainly African American hair. It makes it shiny. I wouldn't recommend this for your body. just use baby oil after your shower.
Dose a water cooled turbo have to have oil lines or just water supply?
im tryin to put a turbo on a stock 92 2.3 mustang just a lilttle one no more than 6-8 psi im jus confused on the oil lines how to run them i got the trubo off a t-birb turbo coupeDose a water cooled turbo have to have oil lines or just water supply?
the turbocharger needs an oil supply for lubrication purposes. the water is strictly for cooling only.
the turbocharger needs an oil supply for lubrication purposes. the water is strictly for cooling only.
Is there an almost limitless supply of oil?
Just recently, a very large amount of oil was discovered in the Gulf of Mexico, equal to about half of all oil currently thought to be available under U.S. soil and territories.
The technique used to tap this reserve sunk a drill in over a mile deep ocean and then drilled another 4 miles into the bedrock.
If some company can drill in an ocean a mile deep and bore in four more miles, then oil drillers can reach oil almost anywhere.
How much of the Atlantic and Pacific have been drilled?
There must be so much damn undrilled oil available to the world that there really was no oil shortage at all, only a fear of shortage.
What do you think? What about Iraq?Is there an almost limitless supply of oil?
My understanding is that there are many known oil reserves that are either 1) too costly or impossible to extract or 2) of poor quality. There is a large known reserve in Cuban waters that various countries are bidding for.
As new drilling technologies develop, previously unreachable reserves become reachable - so yea, I don't think the end of fossil fuels will happen anytime in the next 50 years.
During the gas shortage of the early 70s, we were all led to believe that fossil fuels would run out long before now. Yet, here we are 35 years later and there is still no real end in sight.
Still - I'm tired of being jacked around every summer and I honestly believe we will see a spike to $4/gallon in the US next summer. So, my next car will either be a Hybrid or something that gets 30mpg+.Is there an almost limitless supply of oil?
the chinese are buying it all
Limitless my ***. The fact is is that we are storing all of our oil in reserves in case of emergency. and there is always a fear of shortage. there is an overall amount to just how much oil there can be. And if you are one of the people that think that the iraq was was started to get thier oil then i am wasting my time answering.
Seems the planet is making more all the time but it is getting harder and more expensive to extract it. Shale oil for instance requires a great deal of water and heat and leaves a tremendous amount of ecological damage.
The real restriction right now is the lack of spare refinery capacity. And of cousre no one wants a new refinery in their backyard. Heck even Kennedy doesn't want a windmill farm in his backyard even though he pushs that as an important alterative fuel source.
If we had started on alternatives 30 years ago we could be energy independent like Brazil is now. But no one wanted to invest in that. Private interprise could not when the price of crude was less than $40. And no one would pay any taxes for the R%26amp;D. Now we bear the cost. The shortsightedness and the big engines and SUV's come back to bite ya.
Well considering how much oil is needed to fuel the machinery in every nich of the world has to be calculated. Include the countries that do not have an abundance of oil and then the trade prices skyrocket because of the demand to those areas in particular.
Fossil fuels are not endless, they need time to accumulate. If the fuel is being taken out faster than it can reproduce itself then of course it will eventually dry up.
No, but apparently the greed of those selling it is unlimited.
Not Limitless but it could help us for the next 50 years or so.
Still, there is only a limited supply of oil, because the demand is so huge (mostly from the U.S.). There is, however, a 25,000 year supply of brake fluid.
Did you ever stop to think what happens to the earth once more and more oil is pulled out? I wonder what happens to the empty spaces. The planet has to compensate somehow
There is a lot of oil, but it is by no means unlimited, and we have exponentially found uses for it. You can destroy any ecosystem you want getting to the oil, but eventually we'll run out. So, why not find an alternative before we make everything so ugly and messed up?
Hate to tell you but there is and always will be a shortage the planet has a limited supply the question is can we find all the places its hidden in ---- unlikely.
the real question is when we take billions of barrels of oil out of the ground what is taking its place? wouldn't the planets upper layers cave in is it worth the risk
The technique used to tap this reserve sunk a drill in over a mile deep ocean and then drilled another 4 miles into the bedrock.
If some company can drill in an ocean a mile deep and bore in four more miles, then oil drillers can reach oil almost anywhere.
How much of the Atlantic and Pacific have been drilled?
There must be so much damn undrilled oil available to the world that there really was no oil shortage at all, only a fear of shortage.
What do you think? What about Iraq?Is there an almost limitless supply of oil?
My understanding is that there are many known oil reserves that are either 1) too costly or impossible to extract or 2) of poor quality. There is a large known reserve in Cuban waters that various countries are bidding for.
As new drilling technologies develop, previously unreachable reserves become reachable - so yea, I don't think the end of fossil fuels will happen anytime in the next 50 years.
During the gas shortage of the early 70s, we were all led to believe that fossil fuels would run out long before now. Yet, here we are 35 years later and there is still no real end in sight.
Still - I'm tired of being jacked around every summer and I honestly believe we will see a spike to $4/gallon in the US next summer. So, my next car will either be a Hybrid or something that gets 30mpg+.Is there an almost limitless supply of oil?
the chinese are buying it all
Limitless my ***. The fact is is that we are storing all of our oil in reserves in case of emergency. and there is always a fear of shortage. there is an overall amount to just how much oil there can be. And if you are one of the people that think that the iraq was was started to get thier oil then i am wasting my time answering.
Seems the planet is making more all the time but it is getting harder and more expensive to extract it. Shale oil for instance requires a great deal of water and heat and leaves a tremendous amount of ecological damage.
The real restriction right now is the lack of spare refinery capacity. And of cousre no one wants a new refinery in their backyard. Heck even Kennedy doesn't want a windmill farm in his backyard even though he pushs that as an important alterative fuel source.
If we had started on alternatives 30 years ago we could be energy independent like Brazil is now. But no one wanted to invest in that. Private interprise could not when the price of crude was less than $40. And no one would pay any taxes for the R%26amp;D. Now we bear the cost. The shortsightedness and the big engines and SUV's come back to bite ya.
Well considering how much oil is needed to fuel the machinery in every nich of the world has to be calculated. Include the countries that do not have an abundance of oil and then the trade prices skyrocket because of the demand to those areas in particular.
Fossil fuels are not endless, they need time to accumulate. If the fuel is being taken out faster than it can reproduce itself then of course it will eventually dry up.
No, but apparently the greed of those selling it is unlimited.
Not Limitless but it could help us for the next 50 years or so.
Still, there is only a limited supply of oil, because the demand is so huge (mostly from the U.S.). There is, however, a 25,000 year supply of brake fluid.
Did you ever stop to think what happens to the earth once more and more oil is pulled out? I wonder what happens to the empty spaces. The planet has to compensate somehow
There is a lot of oil, but it is by no means unlimited, and we have exponentially found uses for it. You can destroy any ecosystem you want getting to the oil, but eventually we'll run out. So, why not find an alternative before we make everything so ugly and messed up?
Hate to tell you but there is and always will be a shortage the planet has a limited supply the question is can we find all the places its hidden in ---- unlikely.
the real question is when we take billions of barrels of oil out of the ground what is taking its place? wouldn't the planets upper layers cave in is it worth the risk
Who is concerned about the US becoming as dependent on foreign sources for our food supply as we are for oil?
that will not be a problem what we should do is trade a loaf of bread for a barrel of oil saudi arabia cant eat sand or drink oilWho is concerned about the US becoming as dependent on foreign sources for our food supply as we are for oil?
Obviously no one with a brain since The U S produces enough food to feed the entire world with millions of tons of surplus left over. Most farmers are extremely wealthy no matter what whiny articles say.Who is concerned about the US becoming as dependent on foreign sources for our food supply as we are for oil?
Hopefully, we will not go this route.
Peace*
Obviously no one with a brain since The U S produces enough food to feed the entire world with millions of tons of surplus left over. Most farmers are extremely wealthy no matter what whiny articles say.Who is concerned about the US becoming as dependent on foreign sources for our food supply as we are for oil?
Hopefully, we will not go this route.
Peace*
What would happen to the US if Iran & Iraq simultaneously cut off their oil supply?
And if they managed to keep it cut continuously for half to one yearWhat would happen to the US if Iran %26amp; Iraq simultaneously cut off their oil supply?
Short answer really is nothing - We do not import from either of those countries as it stands. Longer answer you were looking for: Short term pandemonium. Longer term solving our energy problems. We have the means to do that already you know, just not the will. That would kick start us in a hurry, and would probably be best over all.
Question for you though: If those two countries did that. what do you think OPEC would do? Once that genie is let loose from the bottle, there is no stuffing it back in you know. Are they ready to cede the world oil market to another energy source?
-DioWhat would happen to the US if Iran %26amp; Iraq simultaneously cut off their oil supply?
We'd go back to horses and buggys....which actually would be a good thing for the environment...
Iraq would be the 51st state and Iran would be it's parking lot.
Not much. The US gets most of its oil from Mexico and Canada, contrary to popular belief.
The ultra-fast rise of the water-powered car!
Al Gore could freeze to death while proclaiming Global warming
Cutting off their oil would hurt them much more. Iran and Iraq are totally dependent on oil revenue.
I am all for it, I hope they do. I will laugh.
Since the supply of oil would be decreased, economic theory says prices of gas and oil would rise.
We don't purchase oil from Iran or Iraq. There is an oil embargo against Iranian products to the US, including oil. Most of the oil in Iraq is not fully functional because of the war and insurgent attacks. Iraq wants to use their oil to finance re-building their infrastructure. We could purchase oil from a third nation who receives their oil, but that would be against the boycott placed on them. It has no bearing on us whatsoever.
First of all Iraq will not cut off their oil supply, and neither would Iran.
The reason for this is simple, Iraq has a government appointed by the U.S.A, Iran's economy is mainly dependant on oil.
Lets just say they both did at the same time for half to one year, then Venezuala and other countries will be exporting 95 percent of its oil procuction to the U.S... The U.S. might also open up some of its reserves.
But before they do this there will be embargos on Iran and Iraq, applied by the U.N. but strongly backed by the U.S.
not much...both combine for a paltry percentage.
Iran would lose their ability to supply those insurgents in Iraq with weapons because they'd go broke...
Well then we might just have to persuade them to uncut off the oil.
Not too much on US. But will have strong effect on china, japan and some europian countries. Iran has stopped its oil supply once around 1952 for almost one year. For others information, Iran indirectly helped US to return democracy to Iraq as Saddam was Iran's enemy.
Short answer really is nothing - We do not import from either of those countries as it stands. Longer answer you were looking for: Short term pandemonium. Longer term solving our energy problems. We have the means to do that already you know, just not the will. That would kick start us in a hurry, and would probably be best over all.
Question for you though: If those two countries did that. what do you think OPEC would do? Once that genie is let loose from the bottle, there is no stuffing it back in you know. Are they ready to cede the world oil market to another energy source?
-DioWhat would happen to the US if Iran %26amp; Iraq simultaneously cut off their oil supply?
We'd go back to horses and buggys....which actually would be a good thing for the environment...
Iraq would be the 51st state and Iran would be it's parking lot.
Not much. The US gets most of its oil from Mexico and Canada, contrary to popular belief.
The ultra-fast rise of the water-powered car!
Al Gore could freeze to death while proclaiming Global warming
Cutting off their oil would hurt them much more. Iran and Iraq are totally dependent on oil revenue.
I am all for it, I hope they do. I will laugh.
Since the supply of oil would be decreased, economic theory says prices of gas and oil would rise.
We don't purchase oil from Iran or Iraq. There is an oil embargo against Iranian products to the US, including oil. Most of the oil in Iraq is not fully functional because of the war and insurgent attacks. Iraq wants to use their oil to finance re-building their infrastructure. We could purchase oil from a third nation who receives their oil, but that would be against the boycott placed on them. It has no bearing on us whatsoever.
First of all Iraq will not cut off their oil supply, and neither would Iran.
The reason for this is simple, Iraq has a government appointed by the U.S.A, Iran's economy is mainly dependant on oil.
Lets just say they both did at the same time for half to one year, then Venezuala and other countries will be exporting 95 percent of its oil procuction to the U.S... The U.S. might also open up some of its reserves.
But before they do this there will be embargos on Iran and Iraq, applied by the U.N. but strongly backed by the U.S.
not much...both combine for a paltry percentage.
Iran would lose their ability to supply those insurgents in Iraq with weapons because they'd go broke...
Well then we might just have to persuade them to uncut off the oil.
Not too much on US. But will have strong effect on china, japan and some europian countries. Iran has stopped its oil supply once around 1952 for almost one year. For others information, Iran indirectly helped US to return democracy to Iraq as Saddam was Iran's enemy.
Can you explain supply and demand argument vs. oil bubble in a simple way?
Can you help me understand both arguments. Who is right?Can you explain supply and demand argument vs. oil bubble in a simple way?
Many are to blame for our current predicament. The oil companies have chosen not to build enough refineries to meet demand, so they can artificially manipulate the price.
Speculators in oil futures can continue to drive up the price because everyone in the oil business is convinced that the American public will tolerate gasoline prices until they reach the seven or eight dollar level. At that price, the consumer will revolt. But, until then, the profits will continue to soar for both the oil companies and the speculators.
And, a solution? Governmental intervention is the only recourse, but that step is repugnant to most Americans. So, we are in for a bumpy ride.ie hacks
Many are to blame for our current predicament. The oil companies have chosen not to build enough refineries to meet demand, so they can artificially manipulate the price.
Speculators in oil futures can continue to drive up the price because everyone in the oil business is convinced that the American public will tolerate gasoline prices until they reach the seven or eight dollar level. At that price, the consumer will revolt. But, until then, the profits will continue to soar for both the oil companies and the speculators.
And, a solution? Governmental intervention is the only recourse, but that step is repugnant to most Americans. So, we are in for a bumpy ride.
When will america stop depending on foriegn oil and start using our own supply??
the U.S. has more oil reserves than we can use in 20 life times
so why are we still buying foreign oil? Because those who control this country also control oil and the prices. they are becoming more and more wealthy while the little guy spends 20% of his income just to go to work.When will america stop depending on foriegn oil and start using our own supply??
To keep reserve for future and make room for speculators to play in the so call free trade and financial market which is monitor by them.
They never think of release the oil reserve to reduce the oil price because they are the one making huge money out from inflation and make sure the third world will have inflation crisis so they can maintain they big brother status in the financial market and keep playing the same game over and over again.When will america stop depending on foriegn oil and start using our own supply??
hey crazytruth you are so full of ****. the us doesn't have anywhere close to that amount. not even all of the oil in the world could we use it for 20 lifetimes over. we only have around 60 years left of oil if we keep using it the way we do. next time research what your gonna say Report Abuse
so why are we still buying foreign oil? Because those who control this country also control oil and the prices. they are becoming more and more wealthy while the little guy spends 20% of his income just to go to work.When will america stop depending on foriegn oil and start using our own supply??
To keep reserve for future and make room for speculators to play in the so call free trade and financial market which is monitor by them.
They never think of release the oil reserve to reduce the oil price because they are the one making huge money out from inflation and make sure the third world will have inflation crisis so they can maintain they big brother status in the financial market and keep playing the same game over and over again.When will america stop depending on foriegn oil and start using our own supply??
hey crazytruth you are so full of ****. the us doesn't have anywhere close to that amount. not even all of the oil in the world could we use it for 20 lifetimes over. we only have around 60 years left of oil if we keep using it the way we do. next time research what your gonna say Report Abuse
What can you tell me about the supply and demand of oil?
I'm making a video about how the supply and demand for oil is becoming a major problem across the world... if you could tell me any information that might be helpful....
examples-
what are we doing about it
what can people do individually and as a whole to help
what are alternatives
when did this become a problem
how are other countries dealing with this
when will we be out
do you know any websites i could visit?What can you tell me about the supply and demand of oil?
Answers to the questions:
Precious little, except breast-beating
Produce more at less cost
Fuel saved is fuel earned. Start an engineering course in energy economy. Curb profligacy in day to day life. For instance use sunlight for drying clothes.
It was always there, only you woke up now.
They too are trying all tricks, like you. Countries like Russia are sitting tight over their resources of liquid gold.
God knows.
Plenty;
you can take a course in 'oil economics', that'd be better.What can you tell me about the supply and demand of oil?
The OPEC- countries determine the supply of oil. The demand is determined by consumers of oil. The price of oil has ascended partly because of expectations that other countries will use more oil than ever before. In other words, when you expect something that you sell to be more widely used, why not set higher prices? It will still be sold.
Other countries are planning propaganda campaigns against the use of excessive heating/cooling of houses and other personal items. The idea is that the more oil individuals use, the higher prices will go.
I can tell you the basic supply and demand theory from economics. Supply little, demand goes up, and therefore price goes up. If demand is high, prices will automatically go up. Oil is a super important resource because it fuels basically everything and even though there are alternatives, I don't think we have fully acquired or adjusted to them yet. If these alternatives were readily available and usable then oil won't be so sensitive to the laws of supply and demand.
Hope this helps a little, but you'll be better off doing research w/websites
They have the oil.
We showed them how to get it out of the ground and they nationalized the industry.
We need it.
They want to sell it.
As long as we can and will demand it at any price, they will continue to supply it and charge as much as we will pay.
Now they are taking the windfalls and buying everything they can get their hands on because they know the oil is not endless. As supplies dwindle, it will cost more and more.
The day will come when oil is worthless as an energy source but that day is far away.
demand is higher than supply?
Neither demand nor supply can be measured in nominal values, they are just the name for the relationships. So, demand cannot be higher than supply. The QUANTITY DEMANDED is higher than the QUANTITY SUPPLIED, is what you might have meant. I think that's true. OPEC and the suppliers reduce production to reduce supply and raise the price. Cartel/oligopoly.
Forget the oil. Secure the warehouses...http://www3.state.id.us/cgi-bin/newidst?sctid=690020002.K
.
The demand is higher then the supply. This will never change so prices will continue to go up until a new solution is formed which lowers demand or ups supply.
sorry cannot help
I GUESS OUR PRESIDENT IS TOO BUSY TO CHECK ANOTHER OIL SOURCE, BECAUSE I HAVE ONE.
the supply is down and OPEC demands we give them $4.oo a gallon for it
don't make others to do your homework for you, go do your own research. sheesh!
examples-
what are we doing about it
what can people do individually and as a whole to help
what are alternatives
when did this become a problem
how are other countries dealing with this
when will we be out
do you know any websites i could visit?What can you tell me about the supply and demand of oil?
Answers to the questions:
Precious little, except breast-beating
Produce more at less cost
Fuel saved is fuel earned. Start an engineering course in energy economy. Curb profligacy in day to day life. For instance use sunlight for drying clothes.
It was always there, only you woke up now.
They too are trying all tricks, like you. Countries like Russia are sitting tight over their resources of liquid gold.
God knows.
Plenty;
you can take a course in 'oil economics', that'd be better.What can you tell me about the supply and demand of oil?
The OPEC- countries determine the supply of oil. The demand is determined by consumers of oil. The price of oil has ascended partly because of expectations that other countries will use more oil than ever before. In other words, when you expect something that you sell to be more widely used, why not set higher prices? It will still be sold.
Other countries are planning propaganda campaigns against the use of excessive heating/cooling of houses and other personal items. The idea is that the more oil individuals use, the higher prices will go.
I can tell you the basic supply and demand theory from economics. Supply little, demand goes up, and therefore price goes up. If demand is high, prices will automatically go up. Oil is a super important resource because it fuels basically everything and even though there are alternatives, I don't think we have fully acquired or adjusted to them yet. If these alternatives were readily available and usable then oil won't be so sensitive to the laws of supply and demand.
Hope this helps a little, but you'll be better off doing research w/websites
They have the oil.
We showed them how to get it out of the ground and they nationalized the industry.
We need it.
They want to sell it.
As long as we can and will demand it at any price, they will continue to supply it and charge as much as we will pay.
Now they are taking the windfalls and buying everything they can get their hands on because they know the oil is not endless. As supplies dwindle, it will cost more and more.
The day will come when oil is worthless as an energy source but that day is far away.
demand is higher than supply?
Neither demand nor supply can be measured in nominal values, they are just the name for the relationships. So, demand cannot be higher than supply. The QUANTITY DEMANDED is higher than the QUANTITY SUPPLIED, is what you might have meant. I think that's true. OPEC and the suppliers reduce production to reduce supply and raise the price. Cartel/oligopoly.
Forget the oil. Secure the warehouses...http://www3.state.id.us/cgi-bin/newidst?sctid=690020002.K
.
The demand is higher then the supply. This will never change so prices will continue to go up until a new solution is formed which lowers demand or ups supply.
sorry cannot help
I GUESS OUR PRESIDENT IS TOO BUSY TO CHECK ANOTHER OIL SOURCE, BECAUSE I HAVE ONE.
the supply is down and OPEC demands we give them $4.oo a gallon for it
don't make others to do your homework for you, go do your own research. sheesh!
What can you tell me about the supply of oil in the Gulf of Mexico?
Well, about the supply of oil in the gulf of Mexico, they麓re having troubles with the administration of them corporative, PEMEX, be cause Felipe Calderon (the president), want to sell this corporative to anyone, for get some money for the explotation of the oil. The oil is almost nothing, but they want to get a lot of money of remaining oil.
I hope this was helpful
I hope this was helpful
If we have found a new supply of oil?
Then why cant we uncap and put back into use what we have already to go. Knowing we dont have to worry about running dry?If we have found a new supply of oil?
i wish so we could lower the prices a bitIf we have found a new supply of oil?
oil supply isn't the problem only 40% of our oil is refined in the US we need to build new refineries
That doesn't make any sense - what are you asking?
We would leave ourselves vulnerable to extreme supply issues if several of the foreign countries decided to cut off our oil supply during this period of depleted emergency supplies.
I think that we would have to take the worst case scenario and try to make a best guess as to how long we could continue at our current economic level if all foreign oil supplies were completely shut off and we had to rely on our domestic and emergency supplies.
I don't think that we could rely only on those sources until the Gulf of Mexico oil reserves can be utilized.
i wish so we could lower the prices a bitIf we have found a new supply of oil?
oil supply isn't the problem only 40% of our oil is refined in the US we need to build new refineries
That doesn't make any sense - what are you asking?
We would leave ourselves vulnerable to extreme supply issues if several of the foreign countries decided to cut off our oil supply during this period of depleted emergency supplies.
I think that we would have to take the worst case scenario and try to make a best guess as to how long we could continue at our current economic level if all foreign oil supplies were completely shut off and we had to rely on our domestic and emergency supplies.
I don't think that we could rely only on those sources until the Gulf of Mexico oil reserves can be utilized.
If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
He's only moving troops from Iraq to Afghanistan. It won't affect oil supply or the economy.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
It won't affect our oil supply. The war in Iraq has nothing to do with maintaing our oil supplies and everything to do with who controls the oil supplies of the two newest and largest petroleum consumers in the world: India and China.
Our economy is dependent on the state of the world economy. That largely depends on how much of the wealth these oil companies -- who've paid for their war with our tax money -- will care to share with the rest of us.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
Since Muslim countries are all in spiritual cahoots, regardless of their own petty differences between them, they all have disdain against infidels...we being not the least among them. If we pulled completely out, you would see prices drop appreciably, but since we are now going to Afghanistan, don't expect to see any difference, or maybe expect a rise. But then again, oil companies wouldn't change a thing if we did pull completely out.
Another thing to bear in mind is that our oil pool is made up of many sources, such as Saudi Arabia, Venezuela, Canada, Mexico, Alaska, other domestic and such. Saudi Arabia supplies the US with 15% of her supply, and the rest are all very close behind. Saudi Arabia's contribution is only slightly more than the lowest contributor, maybe only 1 to 1.5 percent.
Won't affect it at all other than saving the cost of having the troops there, we don't get any oil from Iraq! Never have! We get out oil from Canada, Mexico, Venezuela and South Africa in that order!
The effects on the economy will be slow to recover when we stop spending 3 billion per week in Iraq. Oil prices will come down because the oil industry won't have the occupation to use as an excuse for jacking up the prices.
then the oil supply will go down vary bad and America will have another depression.
You'll be riding your bicycle to the unemployment office.
It won't affect our oil supply. The war in Iraq has nothing to do with maintaing our oil supplies and everything to do with who controls the oil supplies of the two newest and largest petroleum consumers in the world: India and China.
Our economy is dependent on the state of the world economy. That largely depends on how much of the wealth these oil companies -- who've paid for their war with our tax money -- will care to share with the rest of us.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
Since Muslim countries are all in spiritual cahoots, regardless of their own petty differences between them, they all have disdain against infidels...we being not the least among them. If we pulled completely out, you would see prices drop appreciably, but since we are now going to Afghanistan, don't expect to see any difference, or maybe expect a rise. But then again, oil companies wouldn't change a thing if we did pull completely out.
Another thing to bear in mind is that our oil pool is made up of many sources, such as Saudi Arabia, Venezuela, Canada, Mexico, Alaska, other domestic and such. Saudi Arabia supplies the US with 15% of her supply, and the rest are all very close behind. Saudi Arabia's contribution is only slightly more than the lowest contributor, maybe only 1 to 1.5 percent.
Won't affect it at all other than saving the cost of having the troops there, we don't get any oil from Iraq! Never have! We get out oil from Canada, Mexico, Venezuela and South Africa in that order!
The effects on the economy will be slow to recover when we stop spending 3 billion per week in Iraq. Oil prices will come down because the oil industry won't have the occupation to use as an excuse for jacking up the prices.
then the oil supply will go down vary bad and America will have another depression.
You'll be riding your bicycle to the unemployment office.
If we have found a new supply of oil?
Then why cant we uncap and put back into use what we have already to go. Knowing we dont have to worry about running dry?If we have found a new supply of oil?
Because the politicians like Ted Kennedy, Dick Cheney, and George W. Bush are getting big money from the oil companies to keep the prices high.Also the Greenpeace ***-heads will whine and cry saying ';You can't drill here';. We have more oil than the entire middle east and yet we still keep depending on foreign oil.If we have found a new supply of oil?
What? I suggest you research what it actually takes in time, effort, investment and sheer luck to get a drop of oil out of the ground let alone sufficient supply to release us from foreign oil dependence. Not all oil is created the same, some oil costs several times the current market price just to extract it, let alone process it for commercial/retail use.
It ain't that easy.
Yep, it's not ready for use overnight, ya' know...People are all hootin' and hollerin' about high gas prices, well, MOST of that money goes back into exploration, drilling, etc. etc. People want it both ways...It just ain't so.
We will never run out of oil. There may come a time when the scarcity of oil makes the price of oil outrageously high. But we won't run out. That doesn't mean we should waste it though.ie hacks
Because the politicians like Ted Kennedy, Dick Cheney, and George W. Bush are getting big money from the oil companies to keep the prices high.Also the Greenpeace ***-heads will whine and cry saying ';You can't drill here';. We have more oil than the entire middle east and yet we still keep depending on foreign oil.If we have found a new supply of oil?
What? I suggest you research what it actually takes in time, effort, investment and sheer luck to get a drop of oil out of the ground let alone sufficient supply to release us from foreign oil dependence. Not all oil is created the same, some oil costs several times the current market price just to extract it, let alone process it for commercial/retail use.
It ain't that easy.
Yep, it's not ready for use overnight, ya' know...People are all hootin' and hollerin' about high gas prices, well, MOST of that money goes back into exploration, drilling, etc. etc. People want it both ways...It just ain't so.
We will never run out of oil. There may come a time when the scarcity of oil makes the price of oil outrageously high. But we won't run out. That doesn't mean we should waste it though.
Anyone think it strange the supply and demand for oil?
Anyone else find it strange that oil prices are coming down so timely? Don't you think the demand for oil turned off rather abruptly? Before we were told it was about demand that prices rose so high. What's going on?Anyone think it strange the supply and demand for oil?
Several factors can be contributed to the decline in oil prices. Bush had been putting most of the oil in the oil reserves, now the oil reserves are completely full. Corporation begun an aggressive campaign for alternative energy, I do not think oil companies like that idea. Also, when the price of oil was high. People began to use mass transit, car pooling and riding their bikes to work. Which most continue to do today, so I think all of the fore mentioned contributed to the price of oil dropping rapidly.Anyone think it strange the supply and demand for oil?
It is hard to imagine, but oil prices are one of the only products that are priced based on what the manufacturers ANTICIPATE the future supply/demand to be.
That way they can price oil accordingly to compensate for future losses. It is somewhat smart, but it really screws the American people.
It doesn't make any sense at all, and there is pretty much no reason for it. But that is the way it is.
The oil companies figured that in the future the demand would rise, but more importantly, that supply would be down. It didn't really have much to do with the economy. It moreso caused the economic decline. And a recession and economics decline is a very ideal situation, or EXCUSE rather, for the oil companies to raise prices.
Hope that helps,
CaptainFeigh
recession hit.
people driving lesser
so demand drops
supply increase
price drops
Several factors can be contributed to the decline in oil prices. Bush had been putting most of the oil in the oil reserves, now the oil reserves are completely full. Corporation begun an aggressive campaign for alternative energy, I do not think oil companies like that idea. Also, when the price of oil was high. People began to use mass transit, car pooling and riding their bikes to work. Which most continue to do today, so I think all of the fore mentioned contributed to the price of oil dropping rapidly.Anyone think it strange the supply and demand for oil?
It is hard to imagine, but oil prices are one of the only products that are priced based on what the manufacturers ANTICIPATE the future supply/demand to be.
That way they can price oil accordingly to compensate for future losses. It is somewhat smart, but it really screws the American people.
It doesn't make any sense at all, and there is pretty much no reason for it. But that is the way it is.
The oil companies figured that in the future the demand would rise, but more importantly, that supply would be down. It didn't really have much to do with the economy. It moreso caused the economic decline. And a recession and economics decline is a very ideal situation, or EXCUSE rather, for the oil companies to raise prices.
Hope that helps,
CaptainFeigh
recession hit.
people driving lesser
so demand drops
supply increase
price drops
What are the various views on the world鈥檚 supply of oil?
helpWhat are the various views on the world鈥檚 supply of oil?
There is the view that we should continue to drill for more oil and base our economy on it.
There is the view that we need to find another source.
Some people believe that we should try to manufacture oil artificially from oil shale.
There is the view that we should continue to drill for more oil and base our economy on it.
There is the view that we need to find another source.
Some people believe that we should try to manufacture oil artificially from oil shale.
Why do free market friendly Republicans think that the Oil Companies want to increase supply?
A free market system means that we can buy off Congress and charge what we want for utilities. Why are Republicans complaining about prices? People are making a profit from it? Reaganomics tells us that this profit will trickle down to us any minute.Why do free market friendly Republicans think that the Oil Companies want to increase supply?
I'm starting to feel something as soon as I read the words trickle down. Is it supposed to be wet?Why do free market friendly Republicans think that the Oil Companies want to increase supply?
Any increase in production will go on the international market and be bought up by China at the price it is at now.
It will only do a slight bit of good to produce more oil without correcting the way oil companies sell it.
The Chinese government subsidizes gas prices because they are basing their entire future on the ';Eisenhower model'; of the U.S. in the 50's.
Their demand will keep up with availability. If more oil on the market brings the price down, they will buy more and bring it back up.
The Republicans cannot be stupid enough not to see it.
My guess is that the oil companies and the speculators are QUITE aware of the fact.
They also know that the Republican drones will follow the talking points without question, and most certainly not put the effort into figuring it out for themselves.
It is just another example of the neocons using a national crisis to profiteer by conning their uninquisitive and hypnotized mob of addle-minded puppets.
You don't know anything do you?
a free market means competition. If the oil companies won't drill for oil at 130 Plus dollars a barrel then other companies will go into the oil business because the profit margin for selling oil would be to tempting.
We complain about the price because the government is blocking companies from drilling for oil--in areas that are more profitable for them--and US. It can't trickle down if the governement (DEMOCRATS) limit how much gets out.
If only you knew what a free market system was. If oil companies had more to sell, then in theory they would have more earnings. It's that simple, even if they drop below 8陆% profit, they can earn more in total. IF you had the insite to be a stock holder, you definitely would benefit from the ';trickle down effect';.
oil companies have no desire to increase the supply of oil. If they do, it will cost them money and decrease their profits. They have zero incentive to do anything right now.
trickle down only means that the lower you are in the wealth pyramid, the more you get pi**ed on........
This talk about increasing supply is just a sop to the captive consumers to try to quiet them down a little. The oil companies are doing just fine as things are.
Oil Companies want to increase supply?
For the same reason Sam Walton would want to...You can make a lot of money more money by selling a LOT more
I'm starting to feel something as soon as I read the words trickle down. Is it supposed to be wet?Why do free market friendly Republicans think that the Oil Companies want to increase supply?
Any increase in production will go on the international market and be bought up by China at the price it is at now.
It will only do a slight bit of good to produce more oil without correcting the way oil companies sell it.
The Chinese government subsidizes gas prices because they are basing their entire future on the ';Eisenhower model'; of the U.S. in the 50's.
Their demand will keep up with availability. If more oil on the market brings the price down, they will buy more and bring it back up.
The Republicans cannot be stupid enough not to see it.
My guess is that the oil companies and the speculators are QUITE aware of the fact.
They also know that the Republican drones will follow the talking points without question, and most certainly not put the effort into figuring it out for themselves.
It is just another example of the neocons using a national crisis to profiteer by conning their uninquisitive and hypnotized mob of addle-minded puppets.
You don't know anything do you?
a free market means competition. If the oil companies won't drill for oil at 130 Plus dollars a barrel then other companies will go into the oil business because the profit margin for selling oil would be to tempting.
We complain about the price because the government is blocking companies from drilling for oil--in areas that are more profitable for them--and US. It can't trickle down if the governement (DEMOCRATS) limit how much gets out.
If only you knew what a free market system was. If oil companies had more to sell, then in theory they would have more earnings. It's that simple, even if they drop below 8陆% profit, they can earn more in total. IF you had the insite to be a stock holder, you definitely would benefit from the ';trickle down effect';.
oil companies have no desire to increase the supply of oil. If they do, it will cost them money and decrease their profits. They have zero incentive to do anything right now.
trickle down only means that the lower you are in the wealth pyramid, the more you get pi**ed on........
This talk about increasing supply is just a sop to the captive consumers to try to quiet them down a little. The oil companies are doing just fine as things are.
Oil Companies want to increase supply?
For the same reason Sam Walton would want to...You can make a lot of money more money by selling a LOT more
How long is the world's known supply of oil expected to last at the present rate of use?
Lotsa answers to that one. The proven reserves are only about 25 years worth, but there are big discoveries coming up. Best guess is 40 to 50 years of east to get stuff. Tar sands, oil sands and oil shales could add centuries more, but is hard and expensive to recover. They also make synthetic fuel from coal and natural gas.
In other words, we won't run out of fossil fuel soon, but it will get more expensive money wise and enviromental wise.How long is the world's known supply of oil expected to last at the present rate of use?
There is no such thing as a ';known supply of oil';. For political reasons, the supply of oil is believed (by government officials) to be increasing at a rate equal to or greater than the world demand for it.
Not surprising, from a group that also proposed the value of pi to be revised to 3.00 exactly.....................
In other words, we won't run out of fossil fuel soon, but it will get more expensive money wise and enviromental wise.How long is the world's known supply of oil expected to last at the present rate of use?
There is no such thing as a ';known supply of oil';. For political reasons, the supply of oil is believed (by government officials) to be increasing at a rate equal to or greater than the world demand for it.
Not surprising, from a group that also proposed the value of pi to be revised to 3.00 exactly.....................
Tuesday, December 22, 2009
If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
I've never understood why we didn't make a deal with Saddam, in the 1st place. We leave you alone, you do as you please. In exchange, you keep the extremist ragheads in check, and guarantee us crude at 25% below world market price. That's why we put him there to begin with.
Good grief. Germany and France stayed out of it because they had some of the sweetest deals you could imagine going with him.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
Most of our oil comes from Saudi Arabia, not Iraq. From what I understand Iraq has never been able to consistently get its oil production reliable due to the insurgents attacking oil production facilities and pipelines. So probably no effect at all.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
It won't affect either. No matter what we do, the oil is controlled by the Saudi's, who have all the time and resources they need to just sit and wait and manipulate us all.
Iraq was a vendetta that was poorly planned and greatly misunderestimated.
Has nothing to do with either, but...other obama policies will destroy us oil supply and the economy.
He is leaving 50 thousand troops there indefinitely to protect our interest (supposedly) my does that mean he is an oil man now, and only doing this to make him and his buddies rich , RIGHT !
I don't think we have the money to pull them out now. They may have to find their own way home, and abandon all the guns and equipment
The question is moot as he will not.
He now says he has ';stopped the war.';
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Honestly I don't see how it could make it worse. Obama's doing such a great job of that already.
Good grief. Germany and France stayed out of it because they had some of the sweetest deals you could imagine going with him.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
Most of our oil comes from Saudi Arabia, not Iraq. From what I understand Iraq has never been able to consistently get its oil production reliable due to the insurgents attacking oil production facilities and pipelines. So probably no effect at all.If Obama pulls troops from Iraq, how will it affect the US oil supply or economy?
It won't affect either. No matter what we do, the oil is controlled by the Saudi's, who have all the time and resources they need to just sit and wait and manipulate us all.
Iraq was a vendetta that was poorly planned and greatly misunderestimated.
Has nothing to do with either, but...other obama policies will destroy us oil supply and the economy.
He is leaving 50 thousand troops there indefinitely to protect our interest (supposedly) my does that mean he is an oil man now, and only doing this to make him and his buddies rich , RIGHT !
I don't think we have the money to pull them out now. They may have to find their own way home, and abandon all the guns and equipment
The question is moot as he will not.
He now says he has ';stopped the war.';
The
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Honestly I don't see how it could make it worse. Obama's doing such a great job of that already.
How will the US react when al queda attacks Canadian oil infrastructure and cuts the US oil supply?
http://www.canada.com/story.html?id=ec29鈥?/a>
Canadian troops are in Afghanistan because the US was attacked from Afghanistan. How will the US support it's ally? Will NATO also support Canada?How will the US react when al queda attacks Canadian oil infrastructure and cuts the US oil supply?
They would start uncapping wells and digging new ones very fast. I am sure the US would do anything we could to support Canada. Don't know about NATO. We have plenty of oil stored up which would last awhile. We also have plenty oil underground. It may be time to start digging.How will the US react when al queda attacks Canadian oil infrastructure and cuts the US oil supply?
The libs will blame it on GWB and try to negotiate with them.
If it happens they will make excuses for the radicals involved in doing it or maybe they won't report it was al queda who did it at all.They may blame it on another group of people in order to protect our enemy.In the meantime we would pay the price for it,high gas prices,rise in cost of living etc.Who knows they may even blame the attack on Global Warming and all the crazies would be even more hellbent on making our lives miserable.
You better beware.
In a bizarre twist, AlterNet speculates the supposed planned attack on Karbala last month blamed on Iran was in fact a mercenary group hired by Bush Administration.
Investigators were stumped at how the attackers, who wore American-style uniforms, secured forged US identity cards and American-style M-4 rifles, and used stun grenades like those used only by US forces. They are also confounded at the way the attackers' convoy of S.U.V.'s gave the impression that it was American and slipped through Iraqi checkpoints. Wednesday's article in the Times cites a theory that ';a Western mercenary group'; may have been involved. In the past the US government used the CIA to covertly overthrow governments, such as Iran's in 1953 and Chile's in 1973. Could mercenaries now be doing the Bush administration's dirty work?
We'll just buy more oil from Chavez down in Venezuela.
Addicts can't be too particular about where they get their fix.ie hacks
Canadian troops are in Afghanistan because the US was attacked from Afghanistan. How will the US support it's ally? Will NATO also support Canada?How will the US react when al queda attacks Canadian oil infrastructure and cuts the US oil supply?
They would start uncapping wells and digging new ones very fast. I am sure the US would do anything we could to support Canada. Don't know about NATO. We have plenty of oil stored up which would last awhile. We also have plenty oil underground. It may be time to start digging.How will the US react when al queda attacks Canadian oil infrastructure and cuts the US oil supply?
The libs will blame it on GWB and try to negotiate with them.
If it happens they will make excuses for the radicals involved in doing it or maybe they won't report it was al queda who did it at all.They may blame it on another group of people in order to protect our enemy.In the meantime we would pay the price for it,high gas prices,rise in cost of living etc.Who knows they may even blame the attack on Global Warming and all the crazies would be even more hellbent on making our lives miserable.
You better beware.
In a bizarre twist, AlterNet speculates the supposed planned attack on Karbala last month blamed on Iran was in fact a mercenary group hired by Bush Administration.
Investigators were stumped at how the attackers, who wore American-style uniforms, secured forged US identity cards and American-style M-4 rifles, and used stun grenades like those used only by US forces. They are also confounded at the way the attackers' convoy of S.U.V.'s gave the impression that it was American and slipped through Iraqi checkpoints. Wednesday's article in the Times cites a theory that ';a Western mercenary group'; may have been involved. In the past the US government used the CIA to covertly overthrow governments, such as Iran's in 1953 and Chile's in 1973. Could mercenaries now be doing the Bush administration's dirty work?
We'll just buy more oil from Chavez down in Venezuela.
Addicts can't be too particular about where they get their fix.
What would a Supply and Demand Curve for Oil look like?
I'm struggling with an essay for Economics A Level.
Would there even be an equilibrium or would the demand outweigh the supply at all prices?
I'm struggling to get my head round it.What would a Supply and Demand Curve for Oil look like?
The Demand curve would be inelastic and the supply curve would also be inelastic.
just contact me if you want me to send you a diagram, it will only take 2 minutes.
Thanks :)
Would there even be an equilibrium or would the demand outweigh the supply at all prices?
I'm struggling to get my head round it.What would a Supply and Demand Curve for Oil look like?
The Demand curve would be inelastic and the supply curve would also be inelastic.
just contact me if you want me to send you a diagram, it will only take 2 minutes.
Thanks :)
Has food rationing begun in your area? Do you know rice, flour and cooking oil are in short supply?
With reports of major retailers (see The Drudge Report for details) in New York, parts of New England, and the West Coast limiting purchases of rice, flour and cooking oil, what will be next? What about rationing of non-food items...like Gasoline...no matter what you're willing to pay for a gallon.........will that be next?Has food rationing begun in your area? Do you know rice, flour and cooking oil are in short supply?
Good question. With the food I have noticed that a few items seem to be disappearing from the shelves.Perhaps the cost of fuel and flour are putting a few businesses down or perhaps there was not a high number of people who like these few products so it may mean nothing.I think in general people are beginning to ration themselves a bit.Eat a little less.Restaurant portions are a bit smaller.Salad bars seem to be lacking some things that are a bit on the pricy side.I think the picture overall is changing. Gas is something I have to ration. I have cut down on visiting people and try hard to get everything in one trip usaully before or after work.After work if I need perishables.I havent noticed any rationing though and I think its very important to be optimistic.A bunch of panicking people is dangerous and doesnt solve anything.I think this is solvable.I mean once Bush is out of the whitehouse.Also we have oil in Texas, Oklahoma,Arkansas,and Pennsylvania plus other states Im sure.We have oil here in the USA we just need refinerys and politics to change.Remember Bush is an oil man he is getting rich while we suffer.Has food rationing begun in your area? Do you know rice, flour and cooking oil are in short supply?
I heard of that for the first time today. Pretty darn scary in my opinion. Not likely menu items of the rich is it? hmmmm....
What's next? Maybe pinto beans and potatoes?
Amazingly, i heard about it all today too.
I dont know of any places around me, but still quite shocking.
._.
Good question. With the food I have noticed that a few items seem to be disappearing from the shelves.Perhaps the cost of fuel and flour are putting a few businesses down or perhaps there was not a high number of people who like these few products so it may mean nothing.I think in general people are beginning to ration themselves a bit.Eat a little less.Restaurant portions are a bit smaller.Salad bars seem to be lacking some things that are a bit on the pricy side.I think the picture overall is changing. Gas is something I have to ration. I have cut down on visiting people and try hard to get everything in one trip usaully before or after work.After work if I need perishables.I havent noticed any rationing though and I think its very important to be optimistic.A bunch of panicking people is dangerous and doesnt solve anything.I think this is solvable.I mean once Bush is out of the whitehouse.Also we have oil in Texas, Oklahoma,Arkansas,and Pennsylvania plus other states Im sure.We have oil here in the USA we just need refinerys and politics to change.Remember Bush is an oil man he is getting rich while we suffer.Has food rationing begun in your area? Do you know rice, flour and cooking oil are in short supply?
I heard of that for the first time today. Pretty darn scary in my opinion. Not likely menu items of the rich is it? hmmmm....
What's next? Maybe pinto beans and potatoes?
Amazingly, i heard about it all today too.
I dont know of any places around me, but still quite shocking.
._.
Will my boiler cease up if the oil supply runs out ?
no but you'll have to get a cleaning and tune upWill my boiler cease up if the oil supply runs out ?
nope you just wont have any heat. when you do get oil again you will need to have the nozzle, oil filter changed, and get the lines bled for the unit to fire and operate efficiently. if the pump sits dry it can seize up and the seals dry out, the oil helps to prevent this
afternote
it is better to change the nozzle and oil filter when you run out of fuel because you obviously have run time on them. it is recommended by most burner manufacturers to change the oil filter every time you get fuel. for the cost of a nozzle and filter it is good peice of mind, and it generally saves a service call laterWill my boiler cease up if the oil supply runs out ?
no oil is the fuel not the lubricate like in a car
Just because you run out of oil does not guarantee that you'll have to change nozzle . filter, pump strainer, and blow out all of the lines. This is the exception and not the rule. You will have to bleed the air out of the line, unless you have a 2 line system which will bleed itself.
it won't ruin your boiler, but you will have to have the line bled so it will fire again...if you run out of oil, air gets into the line and needs to be bled out. So..it won't sieze but it will cease:)
NO but it will stop running, then you will have to change the filter the nozzle and the oil pump strainer and bleed the lines of air before you will be able to start it again.
In some cases you may also need to blow out the oil lines because they may become clogged with sludge from the bottom of the oil tank.
nope you just wont have any heat. when you do get oil again you will need to have the nozzle, oil filter changed, and get the lines bled for the unit to fire and operate efficiently. if the pump sits dry it can seize up and the seals dry out, the oil helps to prevent this
afternote
it is better to change the nozzle and oil filter when you run out of fuel because you obviously have run time on them. it is recommended by most burner manufacturers to change the oil filter every time you get fuel. for the cost of a nozzle and filter it is good peice of mind, and it generally saves a service call laterWill my boiler cease up if the oil supply runs out ?
no oil is the fuel not the lubricate like in a car
Just because you run out of oil does not guarantee that you'll have to change nozzle . filter, pump strainer, and blow out all of the lines. This is the exception and not the rule. You will have to bleed the air out of the line, unless you have a 2 line system which will bleed itself.
it won't ruin your boiler, but you will have to have the line bled so it will fire again...if you run out of oil, air gets into the line and needs to be bled out. So..it won't sieze but it will cease:)
NO but it will stop running, then you will have to change the filter the nozzle and the oil pump strainer and bleed the lines of air before you will be able to start it again.
In some cases you may also need to blow out the oil lines because they may become clogged with sludge from the bottom of the oil tank.
Ok I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
Speculators...Ok I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
1. Value of US dollar is declining rapidly
2. Oil demand is rising, mainly China and IndiaOk I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
The dollar is weak, which also contributes.
Oil companies are making record profits.
1. Value of US dollar is declining rapidly
2. Oil demand is rising, mainly China and IndiaOk I give up. The oil supply inventories are up yet the price of oil continues through the roof! What's up?!
The dollar is weak, which also contributes.
Oil companies are making record profits.
Need help on the effects of high oil prices on demand and supply of certain products?
X country is currently affected by high oil prices in the global market. By prvidng actual examples, explain why demand and supply for certain products are greatly affected while demand and supply for other products are not affected.Need help on the effects of high oil prices on demand and supply of certain products?
High oil prices will affect some goods more than others.
Consider oil as having two main effects on prices
1) high oil prices lead to higher transport costs (for petrol etc), so products that need to be transported further will be heavily affected by an oil price hike.
2) oil as a manufacturing resource, such as most plastic goods, which are made in part of oil. Naturally, if oil is more expensive, the cost of producing these goods will rise.
Given these premises, goods that are made using oil and/or need transporting will rise in price when oil does. Conversely, those that are not transported as much won't rise (as much).
As for supply and demand, it is this effect that in turn impacts supply and demand, through price. Higher priced products almost always are demanded less (downwards sloping Demand Curve), so those products reliant on oil will be demanded less.
Examples. Plastic bags (oil intensive) will rise in price, and lower in demand if oil prices go up.
Locally eaten organically grown (no oil using machines...) food will not be affected as much.
High oil prices will affect some goods more than others.
Consider oil as having two main effects on prices
1) high oil prices lead to higher transport costs (for petrol etc), so products that need to be transported further will be heavily affected by an oil price hike.
2) oil as a manufacturing resource, such as most plastic goods, which are made in part of oil. Naturally, if oil is more expensive, the cost of producing these goods will rise.
Given these premises, goods that are made using oil and/or need transporting will rise in price when oil does. Conversely, those that are not transported as much won't rise (as much).
As for supply and demand, it is this effect that in turn impacts supply and demand, through price. Higher priced products almost always are demanded less (downwards sloping Demand Curve), so those products reliant on oil will be demanded less.
Examples. Plastic bags (oil intensive) will rise in price, and lower in demand if oil prices go up.
Locally eaten organically grown (no oil using machines...) food will not be affected as much.
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