what is their history?
how do they operate?
what kinda of things make the prices ar the pump fluctuate?OPEC oil supply information?
I searched on the Yahoo engine. You could get seriously buried in the information.
The link below is an example.
If I understand it you want 1) What is Opecs' history? 2) How does Opec operate? 3) What kinds of things make the prices at the gas/diesel pump fluctuate? The others should generate some good hits. Number 3 might be shortened to: what effects the prices at the gas pump? It will probably provide a good answer.
The economic theory of supply and demand, with a long chain from the oil well to the refiner to the pump is where #3 will come out. Number 2 is an example of an attempt to control prices using Oligarchy techniques.
Thursday, January 7, 2010
Will increased domestic oil production impact prices or supply?
OK, do we need a little realism here? The U.S. is not one of the world's major oil producers. So, what will the small boost in domestic production do? Sure we can drill offshore, but there is no guarantee that we will find oil. And what guarantee is there that whatever oil is found won't just be exported and sold overseas? The dollar is weak right now, making U.S. oil attractive to foreign buyers. Do people think that increased oil output here will have a significant effect on the world supply or global prices??Will increased domestic oil production impact prices or supply?
William you know absolutely nothing about oil production.....nada...zilchWill increased domestic oil production impact prices or supply?
Both, But we will not see any affect for about 10 years. They still have to build and drill for all the oil. 1 , oil production is gauged on a world level not a country level, so when they count the amount of oil in storage they just don't count the US or Spain they count the global supply and the global consumption. Also the price is going to depend on if your looking at US oil or Crude oil which is what Gas or Diesel is made from. US oil will be cheaper because like you said the dollar is weaker, but Crude oil will stay the same price because it is a global stock,
I have heard that any oil we find (or more like Exxon-Mobil finds) will be placed on the open market for the highest bidder - after all E-M wants to make as much money as they can. So, it's not going to go right to our refineries and our gas tanks.
Some people think that if we start, it will have an impression on OPEC and others and will put pressure on them to lower prices. But, I think they're all out to make a buck, and they'll just scale back output to keep the price high.
Yes,. it will impact prices and supply. OPEC will continue trying to influence global oil prices in it's favor.
As far as where the oil goes, it usually stays geographically close to where it is pumped from. The cost of transportation usually keeps it there. Much of the oil in Alaska goes to Japan and South Korea. Oil from the Ukraine goes to Russia and Europe. Because the United States is so energy hungry, we do import from all over the globe. We will also see China do this more and more.
The prices will fluctuate as America ramps up oil exploration and production and OPEC tries to control global prices. If OPEC wants to keep prices high, they will reduce their own production. This means that they will make less money. The less money they make, the more unhappy the member nations of OPEC become.
I don't think we can produce enough oil to break OPEC, but the increased production will at least be a stop gap to do something, by our own hands, to control our own fuel supplies and prices while we pursue all the alternate forms of cheap and renewable fuels that we will need in the future as the world finds that oil production cannot continue to meet its energy needs.
How'd you like that last sentence?
As far as not knowing if there is oil there, we do know there is oil there by the oil seeping into the ocean. Pumping it will actually reduce the pressure building that is forcing the oil to seep into the sea. We don't know how much there is, but we do know its there. We won't know how much is there until we start tapping the reserve.
Another advantage of tapping this resource is the ability to be more flexible and resilient in our supply sources. If hurricanes interrupt supply in the Gulf of Mexico, OCS drilling would still continue.
William you know absolutely nothing about oil production.....nada...zilchWill increased domestic oil production impact prices or supply?
Both, But we will not see any affect for about 10 years. They still have to build and drill for all the oil. 1 , oil production is gauged on a world level not a country level, so when they count the amount of oil in storage they just don't count the US or Spain they count the global supply and the global consumption. Also the price is going to depend on if your looking at US oil or Crude oil which is what Gas or Diesel is made from. US oil will be cheaper because like you said the dollar is weaker, but Crude oil will stay the same price because it is a global stock,
I have heard that any oil we find (or more like Exxon-Mobil finds) will be placed on the open market for the highest bidder - after all E-M wants to make as much money as they can. So, it's not going to go right to our refineries and our gas tanks.
Some people think that if we start, it will have an impression on OPEC and others and will put pressure on them to lower prices. But, I think they're all out to make a buck, and they'll just scale back output to keep the price high.
Yes,. it will impact prices and supply. OPEC will continue trying to influence global oil prices in it's favor.
As far as where the oil goes, it usually stays geographically close to where it is pumped from. The cost of transportation usually keeps it there. Much of the oil in Alaska goes to Japan and South Korea. Oil from the Ukraine goes to Russia and Europe. Because the United States is so energy hungry, we do import from all over the globe. We will also see China do this more and more.
The prices will fluctuate as America ramps up oil exploration and production and OPEC tries to control global prices. If OPEC wants to keep prices high, they will reduce their own production. This means that they will make less money. The less money they make, the more unhappy the member nations of OPEC become.
I don't think we can produce enough oil to break OPEC, but the increased production will at least be a stop gap to do something, by our own hands, to control our own fuel supplies and prices while we pursue all the alternate forms of cheap and renewable fuels that we will need in the future as the world finds that oil production cannot continue to meet its energy needs.
How'd you like that last sentence?
As far as not knowing if there is oil there, we do know there is oil there by the oil seeping into the ocean. Pumping it will actually reduce the pressure building that is forcing the oil to seep into the sea. We don't know how much there is, but we do know its there. We won't know how much is there until we start tapping the reserve.
Another advantage of tapping this resource is the ability to be more flexible and resilient in our supply sources. If hurricanes interrupt supply in the Gulf of Mexico, OCS drilling would still continue.
Give and explain 3 factors to enhance oil supply?
economics categoryGive and explain 3 factors to enhance oil supply?
Do your own damn homework. And just to save your breath in the future, yes, I would like fries with that.Give and explain 3 factors to enhance oil supply?
encourage other countries to search for oil in their backyard.
OPEC votes to increase oil production. Price gets high enough to entice a member nation to break the cartel as the saudis frequently do. A non-member nation has a new oil discovery like Russia, Alaska, or gulf of Mexico.
Do your own damn homework. And just to save your breath in the future, yes, I would like fries with that.Give and explain 3 factors to enhance oil supply?
encourage other countries to search for oil in their backyard.
OPEC votes to increase oil production. Price gets high enough to entice a member nation to break the cartel as the saudis frequently do. A non-member nation has a new oil discovery like Russia, Alaska, or gulf of Mexico.
IF supply shortage is the real problem causing the high oil prices?
why is it, that the price is affected simply by the mention of increased oil production, rather than actually increase in supply?IF supply shortage is the real problem causing the high oil prices?
The reason gas prices are low in Mexico is not because “it’s a lie” (whatever that means), but because Mexico is an exporter of oil; the oil it uses domestically is “subsidized” by the government and is priced well below the world market price. The same is true in Venezuela, Saudi Arabia, Iran and other oil producing countries.
We need to stop the nonsense about our oil companies controlling the world’s oil supply. The supply of oil is controlled by the countries that produce it, not by the companies that buy it. And many countries are limiting the ability of our companies to gain access to their oil. They’re keeping it for their own companies, most of which are state-owned. We all know politicians lie, and now they’re blaming all our energy woes on the oil companies. So why do some of us believe them now? We’re never going to solve a problem if we don’t identify the real cause of that problem, and we can’t do that if we allow our inept politicians to sit on their butts for 35 years and now jump up and point the finger at anyone but themselves.
There is no evidence of a supply shortage in the oil markets. So, barring a supply disruption caused by a political crisis or a natural disaster in a producing country, there shouldn’t be any supply problem in the hear term. There are signs that demand for oil is edging down slightly in response to the high prices. If a drop in demand is accompanied by an increase in supply, that will cause the price to drop. Saudi Arabia has just started producing an additional 300,000 bpd and has committed to produce another 200,000 bpd by sometime next month. So demand is slackening and the Saudis are increasing the supply. But 500,000 bpd is a drop in the bucket when the world consumes 86 million bpd
It’s estimated that about 60% of the increase in the price of oil over the past two years is due to speculators. Another big factor is the decline in the dollar. Yet another is expectations of future shortages, which is a “when, not if” scenario. And there is also the fact that OPEC’s spare capacity is very limited and it will have very little room to increase production in the event of a crisis in the oil markets. Market players try to anticipate the future so they don’t have to just react to whatever happens. The problem with speculators is that they not only ride a trend, they help create and amplify it. And because they have so much money in play and can drive prices up or down, it’s hard to justify betting against them. They not only have a lot of money, but they’re “smart” as well. They cover themselves so if the price turns against them they don’t lose too much. If it goes with them they can make a lot.
One of the things the Saudis are doing is suggesting, pretty strongly, that western governments reduce their taxes on oil products to help bring prices down. Unfortunately for us, U.S. gasoline taxes are very low compared to those in Europe, so any significant reduction in taxes will probably have to take place over there.IF supply shortage is the real problem causing the high oil prices?
Because of massive speculation.
A hint at reduced supply triggers buying--thus driving prices.
The opposite occurs when there is a hint at increased supply.
Right now prices are going to continue to go up or hover around $4 a gallon. Come the this fall during the General Election, prices will go down a nice chunk so that Republicans can claim to be ';solving'; the oil crisis. The Oil companies will be all too glad to drop prices in order to put the republicans in a favorable light.
Happened 2004 and 2006--I just hope people will be wise to it.
There is no real shortage. There's not even a fake shortage like we had in the 70s.
The cost of gas has gone up because (1) instability in the Middle East has raised the possibility that there might someday be a shortage and (2) all the oil in the world is controlled by four or five companies so there is no competition, no 'supply and demand'.
There is NO SUPPLY SHORTAGE of oil, China and India are buying as much as they can, and as fast as they can. If they pumps 10 billion barrels a day and china and India buys it all, there is not shortage.... they just bought all that was pumped.
Short supply is not causing the high prices. Total oil consumption is the US is down 3% from last year. In the same time frame the price of gas at the pump has risen over 35%.
Because only a handful of CORPORATIONS control the oil industry.
Heck they're even trying to control corn prices now as well.
It seems as if they don't like having the competition.
its a lie that's why the price is low in Mexico.can dogs eat celery
The reason gas prices are low in Mexico is not because “it’s a lie” (whatever that means), but because Mexico is an exporter of oil; the oil it uses domestically is “subsidized” by the government and is priced well below the world market price. The same is true in Venezuela, Saudi Arabia, Iran and other oil producing countries.
We need to stop the nonsense about our oil companies controlling the world’s oil supply. The supply of oil is controlled by the countries that produce it, not by the companies that buy it. And many countries are limiting the ability of our companies to gain access to their oil. They’re keeping it for their own companies, most of which are state-owned. We all know politicians lie, and now they’re blaming all our energy woes on the oil companies. So why do some of us believe them now? We’re never going to solve a problem if we don’t identify the real cause of that problem, and we can’t do that if we allow our inept politicians to sit on their butts for 35 years and now jump up and point the finger at anyone but themselves.
There is no evidence of a supply shortage in the oil markets. So, barring a supply disruption caused by a political crisis or a natural disaster in a producing country, there shouldn’t be any supply problem in the hear term. There are signs that demand for oil is edging down slightly in response to the high prices. If a drop in demand is accompanied by an increase in supply, that will cause the price to drop. Saudi Arabia has just started producing an additional 300,000 bpd and has committed to produce another 200,000 bpd by sometime next month. So demand is slackening and the Saudis are increasing the supply. But 500,000 bpd is a drop in the bucket when the world consumes 86 million bpd
It’s estimated that about 60% of the increase in the price of oil over the past two years is due to speculators. Another big factor is the decline in the dollar. Yet another is expectations of future shortages, which is a “when, not if” scenario. And there is also the fact that OPEC’s spare capacity is very limited and it will have very little room to increase production in the event of a crisis in the oil markets. Market players try to anticipate the future so they don’t have to just react to whatever happens. The problem with speculators is that they not only ride a trend, they help create and amplify it. And because they have so much money in play and can drive prices up or down, it’s hard to justify betting against them. They not only have a lot of money, but they’re “smart” as well. They cover themselves so if the price turns against them they don’t lose too much. If it goes with them they can make a lot.
One of the things the Saudis are doing is suggesting, pretty strongly, that western governments reduce their taxes on oil products to help bring prices down. Unfortunately for us, U.S. gasoline taxes are very low compared to those in Europe, so any significant reduction in taxes will probably have to take place over there.IF supply shortage is the real problem causing the high oil prices?
Because of massive speculation.
A hint at reduced supply triggers buying--thus driving prices.
The opposite occurs when there is a hint at increased supply.
Right now prices are going to continue to go up or hover around $4 a gallon. Come the this fall during the General Election, prices will go down a nice chunk so that Republicans can claim to be ';solving'; the oil crisis. The Oil companies will be all too glad to drop prices in order to put the republicans in a favorable light.
Happened 2004 and 2006--I just hope people will be wise to it.
There is no real shortage. There's not even a fake shortage like we had in the 70s.
The cost of gas has gone up because (1) instability in the Middle East has raised the possibility that there might someday be a shortage and (2) all the oil in the world is controlled by four or five companies so there is no competition, no 'supply and demand'.
There is NO SUPPLY SHORTAGE of oil, China and India are buying as much as they can, and as fast as they can. If they pumps 10 billion barrels a day and china and India buys it all, there is not shortage.... they just bought all that was pumped.
Short supply is not causing the high prices. Total oil consumption is the US is down 3% from last year. In the same time frame the price of gas at the pump has risen over 35%.
Because only a handful of CORPORATIONS control the oil industry.
Heck they're even trying to control corn prices now as well.
It seems as if they don't like having the competition.
its a lie that's why the price is low in Mexico.
Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
So what. I'm not Australian...Their motives are their own.Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
yes it did, now you need to put this in question form, here is the link
http://news.bbc.co.uk/2/hi/asia-pacific/鈥?/a>
honesty is the best policy is my answerAustralia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
How DARE Australia protect it's national interests! They should allow anyone that wants to nationalize their citizens businesses and steal their property.
And of course, being one of the most complex nations on our planet, they had only one simplistic goal. Oil.
That's one they'll have to carve on the stone tablets of future historians.
Link please, thank you.
Yeah, securing it for the Iraqi people.
Hey it was news to Brendan Nelson! They've only just bothered to tell him that we're only in Iraq to steal their oil - everyone assumed he knew but forgot they were talking about a guy who, as education minister, supported the teaching of Intelligent Design in Australian schools.
Crooks and liars, finally let the truth slip out.
Here's the link:
http://news.yahoo.com/s/afp/20070705/wl_鈥?/a>
Stealing other countries resources for the benefit of yours is still stealing, the so called Christian Right should understand this.
...That's not a question.
What's your point!?
yes it did, now you need to put this in question form, here is the link
http://news.bbc.co.uk/2/hi/asia-pacific/鈥?/a>
honesty is the best policy is my answerAustralia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
How DARE Australia protect it's national interests! They should allow anyone that wants to nationalize their citizens businesses and steal their property.
And of course, being one of the most complex nations on our planet, they had only one simplistic goal. Oil.
That's one they'll have to carve on the stone tablets of future historians.
Link please, thank you.
Yeah, securing it for the Iraqi people.
Hey it was news to Brendan Nelson! They've only just bothered to tell him that we're only in Iraq to steal their oil - everyone assumed he knew but forgot they were talking about a guy who, as education minister, supported the teaching of Intelligent Design in Australian schools.
Crooks and liars, finally let the truth slip out.
Here's the link:
http://news.yahoo.com/s/afp/20070705/wl_鈥?/a>
Stealing other countries resources for the benefit of yours is still stealing, the so called Christian Right should understand this.
...That's not a question.
What's your point!?
Democrats say high price oil is not a supply and demand issue,?
Democrats say high price oil is not a supply and demand issue, so drilling is not necessary. Yet they want to release 70 million barrels of emergency reserve to help prices come down. Isn't this a contradiction?Democrats say high price oil is not a supply and demand issue,?
The price becomes a matter of what the customers will bear, but now the price seems regulated by speculators. If we could drill for this country, not send it overseas, and have it produced in this country, the price could be forced down.It won't get to $1.00 per gallon again, but it might drop a bit.If they do get the oil reserves released, How are they going to replace those assets? with high priced middle eastern prices, then we are back to square one.Democrats say high price oil is not a supply and demand issue,?
The oil companies say that its not supply/demand either. And no, Im not a democrat.
*Republican* Newt Ginrich said ';Release %50 of the strategic reserves to knock out the speculators';, who are obvioulsly to blame for most of the price increases.
We have to get our facts straight.
Dump 1/2 the strategic reserve. It will knock the pants off many of the speculators. We still have plenty.
(Great question, you might consider leaving the 'partisan' stuff out, and focusing on the topic, though!)
Did you think the rise in price was due to an increase in demand since this morning? Or that prices declined because Bush said hes going to allow drilling?
Or that they rose again when a hurricane is forecast?
Or that Oil made their profits while looking to increase production so we can have cheap oil?
I don't know who is so simpleminded that they can think that way, but its obvious some do.
Every now and then I suppose you throw some crumbs to the birdbrains.
Oil is never going to be cheap again. Not if we sell the country right out from under us to foreign oil companies.
Which is what we do, please examine the owners and shareholders of the oil companies. Everyone of them that isn't nationalized, is owned by multinationals.
Actually, with oil it's a little more complex than supply and demand. There is the cost of drilling oil. To drill locally, as deep as the American oil reserves are, will cost about 7$/gallon to get to our gas tanks. So, it will not make the gas any cheaper, unless we heavily subsidize the oil industry, even more than we currenly do. (Actually, the amount we taxpayers subsidize the Oil industry amounts to about 3$ at the pump as it is... so we're closer to that 7$ mark than most people realize)
The entire issue is starting to sound a lot like ';give the oil companies what they want, or they will continue to raise the price of gasoline';.
Meanwhile, it seems pretty obvious that the bulk of the high prices are landing squarely on their bottom line.
The FBI has a lot of lawyers and accountants working for them. Maybe it's time to take a good hard look into what is ACTUALLY going on before ';appeasing'; the oil barons.
Not really. the reason the prices are up isn't about supply and demand, but injecting a larger supply will bring it down by virtue of the rule of supply and demand.
The quick-fix isn't related to the actual problem, which is why it won't last very long, but it will work for a small period of time.
Its not, its a futures issue. Drilling (or even planned drilling) on the outer continental shelf will drive the futures market back down. More barrels of oil on the market will do nothing... except get some people to believe the Dems. care about them.
Speculation won't stop regardless. The fact that most sellers want to trade in Euros, is the problem. If you were selling a product in strong demand; would you sell for bushbucks whose value is dropping like a stone.
Not really, it's the psychological impact.
The current oil price is artificially inflated, maybe by around $40-$60 per barrel.
Forget the fact that most hardworking low income families cannot even afford to fill up to drive to work each week...there are caribou having babies in ANWR for Christsake!!!
They want to release oil from our national reserves to avoid the issue of having to vote on off-shore drilling.
I think they are conceding that point now. Their argument now is all about the leases and they're wrong on that point as well.
I am not democrat and I am not republican and I think that speculation is the problem.
No, just taking the specualtion out of the market.
Democrats are supporting Obama for the next president. Need I say more?
most definetly
Not to a Democrat who would not see the logical ties to both.
Yep.
Yes, yes it is.
I saw what your talking about and I really don't care which party is right as long as I can get cheaper gas.
The price becomes a matter of what the customers will bear, but now the price seems regulated by speculators. If we could drill for this country, not send it overseas, and have it produced in this country, the price could be forced down.It won't get to $1.00 per gallon again, but it might drop a bit.If they do get the oil reserves released, How are they going to replace those assets? with high priced middle eastern prices, then we are back to square one.Democrats say high price oil is not a supply and demand issue,?
The oil companies say that its not supply/demand either. And no, Im not a democrat.
*Republican* Newt Ginrich said ';Release %50 of the strategic reserves to knock out the speculators';, who are obvioulsly to blame for most of the price increases.
We have to get our facts straight.
Dump 1/2 the strategic reserve. It will knock the pants off many of the speculators. We still have plenty.
(Great question, you might consider leaving the 'partisan' stuff out, and focusing on the topic, though!)
Did you think the rise in price was due to an increase in demand since this morning? Or that prices declined because Bush said hes going to allow drilling?
Or that they rose again when a hurricane is forecast?
Or that Oil made their profits while looking to increase production so we can have cheap oil?
I don't know who is so simpleminded that they can think that way, but its obvious some do.
Every now and then I suppose you throw some crumbs to the birdbrains.
Oil is never going to be cheap again. Not if we sell the country right out from under us to foreign oil companies.
Which is what we do, please examine the owners and shareholders of the oil companies. Everyone of them that isn't nationalized, is owned by multinationals.
Actually, with oil it's a little more complex than supply and demand. There is the cost of drilling oil. To drill locally, as deep as the American oil reserves are, will cost about 7$/gallon to get to our gas tanks. So, it will not make the gas any cheaper, unless we heavily subsidize the oil industry, even more than we currenly do. (Actually, the amount we taxpayers subsidize the Oil industry amounts to about 3$ at the pump as it is... so we're closer to that 7$ mark than most people realize)
The entire issue is starting to sound a lot like ';give the oil companies what they want, or they will continue to raise the price of gasoline';.
Meanwhile, it seems pretty obvious that the bulk of the high prices are landing squarely on their bottom line.
The FBI has a lot of lawyers and accountants working for them. Maybe it's time to take a good hard look into what is ACTUALLY going on before ';appeasing'; the oil barons.
Not really. the reason the prices are up isn't about supply and demand, but injecting a larger supply will bring it down by virtue of the rule of supply and demand.
The quick-fix isn't related to the actual problem, which is why it won't last very long, but it will work for a small period of time.
Its not, its a futures issue. Drilling (or even planned drilling) on the outer continental shelf will drive the futures market back down. More barrels of oil on the market will do nothing... except get some people to believe the Dems. care about them.
Speculation won't stop regardless. The fact that most sellers want to trade in Euros, is the problem. If you were selling a product in strong demand; would you sell for bushbucks whose value is dropping like a stone.
Not really, it's the psychological impact.
The current oil price is artificially inflated, maybe by around $40-$60 per barrel.
Forget the fact that most hardworking low income families cannot even afford to fill up to drive to work each week...there are caribou having babies in ANWR for Christsake!!!
They want to release oil from our national reserves to avoid the issue of having to vote on off-shore drilling.
I think they are conceding that point now. Their argument now is all about the leases and they're wrong on that point as well.
I am not democrat and I am not republican and I think that speculation is the problem.
No, just taking the specualtion out of the market.
Democrats are supporting Obama for the next president. Need I say more?
most definetly
Not to a Democrat who would not see the logical ties to both.
Yep.
Yes, yes it is.
I saw what your talking about and I really don't care which party is right as long as I can get cheaper gas.
Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
Day two of Operation Iraqi Freedom, we had the vast majority of Iraq's oil fields and infrastructure secured, along with their largest pumping station, port and offshore loading platform. Look it up. Victory in Iraq, the rights to leases on their oil fields, we're still there because we haven't secured them, yet. Anyone believing we went to liberate Iraq is kidding themselves. We went to liberate their oil and Saddam was the excuse we used.Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
It's always been about the oil. Bush's executive order 13303 proved that to me.Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
http://news.bbc.co.uk/2/hi/asia-pacific/鈥?/a>
thats the link
yes its our primary reason as our president and his family and friends are all swimming in oil revenues
Can you provide a link.
It not that i dont belive you,iv guessed it all along/
But other people wil want a link.
As an Australian, I am ashamed of our government. As this is an international forum, let me just say, that the Australian public do not, and have not agreed with any step taken by our government. We as the people have lost control.
The guy who will most likely take office at the next election has been courted by the local zionists. It is disgusting. Their only concern is their own financial welfare.
Good for them!!It's about time we just put it out in the open.OIL is a LEGITIMATE reason.Those who don't like that reality,check back with me when the oil stops,and you are starving.See how repulsive the idea of fighting for the oil that your life depends on sounds when you have no groceries
John Howard is a pathetic excuse of a PM. He has lied to us before and will continue to lie again (what happened to the weapons of mass destruction?) He has sent our troops into a warzone for petrol. Bring the troops home!!
It's always been about the oil. Bush's executive order 13303 proved that to me.Australia admitted for the 1st time on Thursday that securing oil supply is a key factor for it being in Iraq?
http://news.bbc.co.uk/2/hi/asia-pacific/鈥?/a>
thats the link
yes its our primary reason as our president and his family and friends are all swimming in oil revenues
Can you provide a link.
It not that i dont belive you,iv guessed it all along/
But other people wil want a link.
As an Australian, I am ashamed of our government. As this is an international forum, let me just say, that the Australian public do not, and have not agreed with any step taken by our government. We as the people have lost control.
The guy who will most likely take office at the next election has been courted by the local zionists. It is disgusting. Their only concern is their own financial welfare.
Good for them!!It's about time we just put it out in the open.OIL is a LEGITIMATE reason.Those who don't like that reality,check back with me when the oil stops,and you are starving.See how repulsive the idea of fighting for the oil that your life depends on sounds when you have no groceries
John Howard is a pathetic excuse of a PM. He has lied to us before and will continue to lie again (what happened to the weapons of mass destruction?) He has sent our troops into a warzone for petrol. Bring the troops home!!
Should OPEC be allowed to cut supply to raise the raise the price of oil?
First I just want to say if I'm incorrect in my understanding of how this works I would really appreciate being corrected by someone who can explain this fully and accurately.
i heard on the news that OPEC is getting together to discuss cutting output to lower supply so that the price of oil goes up.
If we have to deal with the fluctuations of the market impacting the price we pay for gas, why do they have the ability to make us pay more?
Should OPEC be allowed to cut supply to raise the raise the price of oil?
As Christopher above alludes to, if OPEC consisted of private companies then their cartel price-fixing scheme would be highly illegal everywhere, and their executives would be arrested and thrown in jail.
However, OPEC consists not of private companies, but of the socialist state oil enterprises of 11 countries, colluding as sovereign nations.
Short of dropping bombs on them, there is no overarching authority to prevent them from doing what they want. However, you should also understand that our best weapon is their own greed. They each agree to quotas to limit production, but then they usually cheat on the quotas to make more money, and the cartel discipline breaks down as they flood the market with oil. That's what happens about 95% of the time.Should OPEC be allowed to cut supply to raise the raise the price of oil?
OPEC is cartel, much like a drug cartel. Although there are international anti-trust laws that forbid price fixing, OPEC has a loophole as a collection of sovereign states.
';As its name suggests, OPEC is organized by sovereign states. It cannot be held to antitrust enforcement in other jurisdictions by virtue of the doctrine of state immunity under public international law. However, members of the group do frequently break rank to increase production quotas.';
http://en.wikipedia.org/wiki/Cartel
OPEC represents 11 (I think) oil producing nations. This means it is their oil.
They therefore have the right to sell it or not.
You in turn have the right to buy it or not.
The same reason you would have pricing leverage if you owned all the car dealerships in town.
i heard on the news that OPEC is getting together to discuss cutting output to lower supply so that the price of oil goes up.
If we have to deal with the fluctuations of the market impacting the price we pay for gas, why do they have the ability to make us pay more?
Should OPEC be allowed to cut supply to raise the raise the price of oil?
As Christopher above alludes to, if OPEC consisted of private companies then their cartel price-fixing scheme would be highly illegal everywhere, and their executives would be arrested and thrown in jail.
However, OPEC consists not of private companies, but of the socialist state oil enterprises of 11 countries, colluding as sovereign nations.
Short of dropping bombs on them, there is no overarching authority to prevent them from doing what they want. However, you should also understand that our best weapon is their own greed. They each agree to quotas to limit production, but then they usually cheat on the quotas to make more money, and the cartel discipline breaks down as they flood the market with oil. That's what happens about 95% of the time.Should OPEC be allowed to cut supply to raise the raise the price of oil?
OPEC is cartel, much like a drug cartel. Although there are international anti-trust laws that forbid price fixing, OPEC has a loophole as a collection of sovereign states.
';As its name suggests, OPEC is organized by sovereign states. It cannot be held to antitrust enforcement in other jurisdictions by virtue of the doctrine of state immunity under public international law. However, members of the group do frequently break rank to increase production quotas.';
http://en.wikipedia.org/wiki/Cartel
OPEC represents 11 (I think) oil producing nations. This means it is their oil.
They therefore have the right to sell it or not.
You in turn have the right to buy it or not.
The same reason you would have pricing leverage if you owned all the car dealerships in town.
Is supply and demand causing the rise in crude oil, or speculation from the stock market?
Gasoline in my neck of the woods, central Florida, took a twenty cent jump in less then two weeks. What do you think drives the price more, supply and demand or the stock market?Is supply and demand causing the rise in crude oil, or speculation from the stock market?
It's all about speculation by the traders on the futures market. There's a different excuse every few days for driving up the price of crude and when those excuses dissipate, does the price come down? Hell no, they just find other reasons to keep driving prices up. Remember ';unrest in Nigeria';? Well, they wore that one out even though the situation in Nigeria is unchanged. I've been writing on the political boards for years about the prices being tied to the futures markets, it's only recently that my opinions are gaining support. Try Googling ';Oil Futures'; and you'll see when all this began. Not surprisingly, under a Republican administration.Is supply and demand causing the rise in crude oil, or speculation from the stock market?
Supply and demand..... If we could drill in the Gulf off the FL coast like the Chi-Coms and Cubans do the supply part would go up and gas prices down... thank the dummass environmentalist for that little restriction.
Have you considered the amount of oil that us used by
the Chinese ocean freighters
going back and forth from China to the US/and EU ports.???
Vast amounts of oil are being
used in their voyages alone.
Remember, you pay the high
gas prices, plus you pay extra
for the freighter oil, when you
buy all those products made
in other countries.
Both. You can't deny the demand of oil is driving up it's prices. But you can't deny the fact that the market is full of speculation on oil futures as well. Not to mention the demand for fuel oil because of winter being right around the corner. But then again, the market and the oil industry will make as many excuses as possible to make a profit no matter what the costs are to the families of the world or country.
both Speculation that the demand will outstrip supply soon.
Bush.
Speculation in the oil futures market, not the stock market.
Speculation from the hedgers and futures investors.
It works like this. There is an oligopoly over energy, not just in our country, but everywhere else, too. In Britain, the price of oil sometimes approaches ten dollars a gallon. The oil companies control the supply completely. They can charge whatever they want for gas, regardless of how much oil they have, and we can't say anything about it. The situation has nothing to do with stock market speculation. It has nothing to do with the oil supply. It has nothing to do with the power of the dollar, and it definitely has nothing to do with environmentalists. It has everything to do with greed and ignorance.
Supply and demand?
LOL
Sit down my friend.
It never has been about supply and demand.
Once Oilman Bush got in office, it was about how high they could make prices go without driving away all their customers and running Bush out of office.
Some countries tax gasoline right out of taxes from your paycheck so they can buy larger bulks, but retail it at gas stations for 29 cents. Many Middle Eastern countries do this actually.
So if you hear of a country selling cheap gas... This is most likely why.
Also, some proprietor countries believe that since they are the dealers of oil, other countries should pay for the oil they use since we are exhausting their minerals.
There are many reason.
supply and demand be it artificial or real. We are competing with China now for oil. I think the oil companies are royally screwing us though if you think about the percentage of the cost of oil to the cost we have to pay. The cost of production doesn't rise but the cost of raw crude does.
Supplies of oil have actually increased steadily as the price has gone up. So Market Forces are actually working to stabilize the price. Unfortunately, when you're dealing with the Oil Industry, Supply and Demand means, ';We've Cornered the Supply. These are our Demands.';
Speculation and the decline in US refining capacity due to corporate buyouts play a role. But the real culprit is Republican Fiscal Policy. Oil prices have actually been more stable than we Americans think, in terms of real money. But oil prices are measured in US Dollars and US Dollars aren't Real Money any more. With nearly half of the US Government Budget being Deficit Spending, the dollar is dropping like a rock. Euros were introduced at par with the dollar and are now worth twice as much. We hit parity with the Canadian dollar earlier this year. It's not that oil is that much scarcer, it's because the dollar is worth a lot less these days.
Speculators are about to drive me out of business
Weakening Dollar, speculators trying to ride the tide to the top, and China consuming an increasing amount of crude.
Probably a little of both.
Start making an underground storage tank to keep your gasoline.
It's all about speculation by the traders on the futures market. There's a different excuse every few days for driving up the price of crude and when those excuses dissipate, does the price come down? Hell no, they just find other reasons to keep driving prices up. Remember ';unrest in Nigeria';? Well, they wore that one out even though the situation in Nigeria is unchanged. I've been writing on the political boards for years about the prices being tied to the futures markets, it's only recently that my opinions are gaining support. Try Googling ';Oil Futures'; and you'll see when all this began. Not surprisingly, under a Republican administration.Is supply and demand causing the rise in crude oil, or speculation from the stock market?
Supply and demand..... If we could drill in the Gulf off the FL coast like the Chi-Coms and Cubans do the supply part would go up and gas prices down... thank the dummass environmentalist for that little restriction.
Have you considered the amount of oil that us used by
the Chinese ocean freighters
going back and forth from China to the US/and EU ports.???
Vast amounts of oil are being
used in their voyages alone.
Remember, you pay the high
gas prices, plus you pay extra
for the freighter oil, when you
buy all those products made
in other countries.
Both. You can't deny the demand of oil is driving up it's prices. But you can't deny the fact that the market is full of speculation on oil futures as well. Not to mention the demand for fuel oil because of winter being right around the corner. But then again, the market and the oil industry will make as many excuses as possible to make a profit no matter what the costs are to the families of the world or country.
both Speculation that the demand will outstrip supply soon.
Bush.
Speculation in the oil futures market, not the stock market.
Speculation from the hedgers and futures investors.
It works like this. There is an oligopoly over energy, not just in our country, but everywhere else, too. In Britain, the price of oil sometimes approaches ten dollars a gallon. The oil companies control the supply completely. They can charge whatever they want for gas, regardless of how much oil they have, and we can't say anything about it. The situation has nothing to do with stock market speculation. It has nothing to do with the oil supply. It has nothing to do with the power of the dollar, and it definitely has nothing to do with environmentalists. It has everything to do with greed and ignorance.
Supply and demand?
LOL
Sit down my friend.
It never has been about supply and demand.
Once Oilman Bush got in office, it was about how high they could make prices go without driving away all their customers and running Bush out of office.
Some countries tax gasoline right out of taxes from your paycheck so they can buy larger bulks, but retail it at gas stations for 29 cents. Many Middle Eastern countries do this actually.
So if you hear of a country selling cheap gas... This is most likely why.
Also, some proprietor countries believe that since they are the dealers of oil, other countries should pay for the oil they use since we are exhausting their minerals.
There are many reason.
supply and demand be it artificial or real. We are competing with China now for oil. I think the oil companies are royally screwing us though if you think about the percentage of the cost of oil to the cost we have to pay. The cost of production doesn't rise but the cost of raw crude does.
Supplies of oil have actually increased steadily as the price has gone up. So Market Forces are actually working to stabilize the price. Unfortunately, when you're dealing with the Oil Industry, Supply and Demand means, ';We've Cornered the Supply. These are our Demands.';
Speculation and the decline in US refining capacity due to corporate buyouts play a role. But the real culprit is Republican Fiscal Policy. Oil prices have actually been more stable than we Americans think, in terms of real money. But oil prices are measured in US Dollars and US Dollars aren't Real Money any more. With nearly half of the US Government Budget being Deficit Spending, the dollar is dropping like a rock. Euros were introduced at par with the dollar and are now worth twice as much. We hit parity with the Canadian dollar earlier this year. It's not that oil is that much scarcer, it's because the dollar is worth a lot less these days.
Speculators are about to drive me out of business
Weakening Dollar, speculators trying to ride the tide to the top, and China consuming an increasing amount of crude.
Probably a little of both.
Start making an underground storage tank to keep your gasoline.
Do most oil rigs in Australia supply internet for all workers?
My boyfriend has just gotten a job on a semi submersible oil rig in the middle of the ocean the coast of Western Australia. He hasn't emailed me since he left 2 weeks ago so I'm wondering whether internet is supplied for all the workers? or whether its just supplied to managerial staffDo most oil rigs in Australia supply internet for all workers?
Hi,love! i'm sorry wrong answer i am only to do thing he,he http://mrthanet.Blogspot.Com sorry once again,!can dogs eat celery
Hi,love! i'm sorry wrong answer i am only to do thing he,he http://mrthanet.Blogspot.Com sorry once again,!
Do you believe that the world's oil supply will be gone by the year 2013?
No. It's all hype to make us pay more per gallon.Do you believe that the world's oil supply will be gone by the year 2013?
Oil is a non-renewable resource and some day it must run out for all practical purposes. However, oilfields must be developed at great expense. If you have say 500 square miles underlain with oil deposits you can not recover all the oil through a single well. You must place wells at strategic and economical intervals. As time goes by and the cost of oil rises, it will be economical to place wells in less and less desirable positions to exploit all the oil; and that process can continue for a long long time. At the same time renewable sources of energy such as solar photovoltaic cells and wind power are being developed to reduce reliance on oil. The most important factor though is that we are only now beginning to tap huge reserves of oil that are held in oil sands and oil shales. Because these oils are more expensive to produce they will come on line as cheaper oils are used up. Most if not all oilfields are now past peak production so the conversion to new oils is already underway. Don't throw away your gas-burning car quite yet. Good luck.Do you believe that the world's oil supply will be gone by the year 2013?
yeah kes rules...
Say no to oil mutants... LOL
no.im not sure if the oil supply will be gone,but thw world will use other things instead of oil ;)
Oil is a non-renewable resource and some day it must run out for all practical purposes. However, oilfields must be developed at great expense. If you have say 500 square miles underlain with oil deposits you can not recover all the oil through a single well. You must place wells at strategic and economical intervals. As time goes by and the cost of oil rises, it will be economical to place wells in less and less desirable positions to exploit all the oil; and that process can continue for a long long time. At the same time renewable sources of energy such as solar photovoltaic cells and wind power are being developed to reduce reliance on oil. The most important factor though is that we are only now beginning to tap huge reserves of oil that are held in oil sands and oil shales. Because these oils are more expensive to produce they will come on line as cheaper oils are used up. Most if not all oilfields are now past peak production so the conversion to new oils is already underway. Don't throw away your gas-burning car quite yet. Good luck.Do you believe that the world's oil supply will be gone by the year 2013?
yeah kes rules...
Say no to oil mutants... LOL
no.im not sure if the oil supply will be gone,but thw world will use other things instead of oil ;)
Why do people still believe we are at war with Iraq just so we can take over their oil supply?
If that were the case why would the cost of Gas still be so high 5 years later??Why do people still believe we are at war with Iraq just so we can take over their oil supply?
People are stupid and are easily manipulated into believing things that aren't right and they never take the time to look into the truth of an issue. They so badly want to hate the President that they will believe anything and say anything to discredit him and make his administration look bad.Why do people still believe we are at war with Iraq just so we can take over their oil supply?
then why did you all go to Iraq for? to remove Saddam? that's just an excuse..its always for the oil..you see, if you invade a country that is rich in oil,after you remove the leader, no one can stop you from taking the oil for your country.didn't you read the news?the one about US says it will back the new Iraqi government.they were suppose to.u invade and after taking out the leader, you leave the country?
Can you name any other justifiable reason that we are in Iraq. If so, please tell me. We did not find what we were looking for and as far as I know Hussein is in custody. So, the question remains, why?
Becasue Bush and his family have been in the oil business for years and there are profits to be made.
Think about it, if you were in the oil industry and you just so happened to take over a country that has a lot of it, why not push up the price of oil, that's more profit for you.
Better yet go and research for yourself the connections between Bush, Cheney, and the oil companies that they have interest in.
And by all means go to unbiased sources like encyclopedias and such.
Yes the war at Iraq is about oil. Oil is very precious and Iraq has tones of them. Saddam is trying to control the world with the oil in Iraq.Charging the world 10 times the price. He will be the most powerful man in the world if the super power let it be. God made this oil for all humanity.As for Saddam he wanted to control the World and felt that he is invincible. That is a sad moment for the Iraqi people having a President hiding in a shallow hole like a rat. That is for killing his own citizens torturing the kurds and fellow moslem.
Now, The Guru I respect your statement because i bled for it, but America is not at war everywhere for oil, look, we still have bases in Kosovo, Kosovo has no Oil or Natural Resources to begin with, the people where being oppresed, that's what we do, we free people.
because the same people who are spreading the lies about a government conspiracy on 9/11 want you to believe we are stealing Iraq's oil.
Then why US attacked even UNO had not given the permission?
Why so many innocent people were killed?
Why the medicines and other medical facilities were stopped?
and what was the fault of thousands of innocent children and women?
it has unsettled the mid east is why price is so high, think for yourself, if oil isn't the reason what is? Logically it has to be oil, nothing else is worth taking from Iraq.
Who asked you to go to Iraq in the first place? Why did you not listen to the FRENCH before you invaded but instead ridiculed them instead? See where you are now?
Oil is expensive because the areas that produce oil are unstable. Thus, if you control one of the oil producing areas, you can sell it at a high price to others! PROFIT$$$$!!!!
Because it is easier to criticize the USA then to realize that if we wanted oil, our gas prices wouldn't still be so high, plus, people are ignorant about the issues...
Because that's the bitter fact. America is in war everywhere just for the OIL. And the prices of oil is rigged by Americans and all manipulated traders who deal in that commodity.
Cos you are, aren't you? the reason the price has still gone up is cos the petrol companies want more $$$$$$$
Well, coz the US won't take the oild supply for the good of people around the world and the people of the US! the USA is taking the oil for the benefit of the oil companies! and the US governement! so the cost is still the same, and the price is still the same and maybe higher... but the question is: where does all this revenue and money go? ;)
because people are stupid and can't see 2 feet in front of them. much less the war in Iraq. God Bless
Those people don't understand the price we have to pay to stop another World Trade Center Attack!
well first it was terrorisms, then WMD, then spreading democracy
Of course it's oil, don't be so nieve
you are very innocent missy..........try to read newspapers( not the ones published in USA.......they are mostly full of **** and lies) and watch Al jazeera...you'll know the truth
Because detractors WANT that to be the reason.
Because they are ignorant and believe everything they hear from other ignorant folks. We don't ';need'; oil from anyone. It's a joke.
Depends on who you are?...the war in Iraq is over power...and the reduction of power for certain factions....you are right...take the oil out of Iraq and the war would not have happened in the first place...the Insurgents want the oil for the money it will generate to further their cause....oil is power...do the math...western countries do not want to lose the supply either....
hmm i can see ur a blonde...i am not going to write anything more....
But hey do u read newspapers and watch news on TV?
To those who say we are in Iraq for the oil, I ask: Why did we go into Afghanistan?
Oil supply and Iraq have nothing to do with each other, although given the fact that the USA can no longer get cheap fuel South America and Iran, I think that Iraq will feel the gap. The question you should be asking is Why would America go to war with such a poor nothing of a country like Iraq when you have countries like North Korea developing nuclear weapons which are a real threat to the free world.
dear my friend think real, its a reality
you know:
US attacked Iraq not only for oil but also for many other reasons that only a few people must know
us killed more than 60 000 people in iraq used weak uranium bombs , killed too many child , too many father too many mother too many brother sister, and still continue
nuclear weapons in iraq was just a big bullshit told by US %26amp; or governers
they made brothers and sisters sex in Abu Ghuraib
think if you were instead of iraq poeple
what did you do? you let some evils kill your family? no! you attacked that killers until you die so think
this war will continue until IRAQ PEOPLE be free no a bullshit like : Western Democracy
'cos this is the reason u are still at war with Iraq.US wants to bring democracy to Iraq...right...
The invasion of Iraq IS for thier oil, and for everything else they have. Not because Iraq did anything wrong. that's for sure. It's obvious. I believe it. seeing is believing.
Because it's true, that's why. And by the way, gas isn't ';still'; so high 5 years later, it's been steadily creeping up over the past 5 years.....and it's still half the price in the U.S. of what it is in other countries. Korea, for example....try pushing US$6/gallon. How would you like it if you had to pay that much for gas?
Because the american nation is one of the largest fuel consumers in the world and that statistic is steadily increasing every day. Let's call it pre-emptive planning. The more oil you have and consume the more power you have over the rest of the world. Not you personally but america. (A power hungry nation!)
haven't seen anything good happening to those people since war started...
Come to Iraq and see with your own eyes dude...
People are stupid and are easily manipulated into believing things that aren't right and they never take the time to look into the truth of an issue. They so badly want to hate the President that they will believe anything and say anything to discredit him and make his administration look bad.Why do people still believe we are at war with Iraq just so we can take over their oil supply?
then why did you all go to Iraq for? to remove Saddam? that's just an excuse..its always for the oil..you see, if you invade a country that is rich in oil,after you remove the leader, no one can stop you from taking the oil for your country.didn't you read the news?the one about US says it will back the new Iraqi government.they were suppose to.u invade and after taking out the leader, you leave the country?
Can you name any other justifiable reason that we are in Iraq. If so, please tell me. We did not find what we were looking for and as far as I know Hussein is in custody. So, the question remains, why?
Becasue Bush and his family have been in the oil business for years and there are profits to be made.
Think about it, if you were in the oil industry and you just so happened to take over a country that has a lot of it, why not push up the price of oil, that's more profit for you.
Better yet go and research for yourself the connections between Bush, Cheney, and the oil companies that they have interest in.
And by all means go to unbiased sources like encyclopedias and such.
Yes the war at Iraq is about oil. Oil is very precious and Iraq has tones of them. Saddam is trying to control the world with the oil in Iraq.Charging the world 10 times the price. He will be the most powerful man in the world if the super power let it be. God made this oil for all humanity.As for Saddam he wanted to control the World and felt that he is invincible. That is a sad moment for the Iraqi people having a President hiding in a shallow hole like a rat. That is for killing his own citizens torturing the kurds and fellow moslem.
Now, The Guru I respect your statement because i bled for it, but America is not at war everywhere for oil, look, we still have bases in Kosovo, Kosovo has no Oil or Natural Resources to begin with, the people where being oppresed, that's what we do, we free people.
because the same people who are spreading the lies about a government conspiracy on 9/11 want you to believe we are stealing Iraq's oil.
Then why US attacked even UNO had not given the permission?
Why so many innocent people were killed?
Why the medicines and other medical facilities were stopped?
and what was the fault of thousands of innocent children and women?
it has unsettled the mid east is why price is so high, think for yourself, if oil isn't the reason what is? Logically it has to be oil, nothing else is worth taking from Iraq.
Who asked you to go to Iraq in the first place? Why did you not listen to the FRENCH before you invaded but instead ridiculed them instead? See where you are now?
Oil is expensive because the areas that produce oil are unstable. Thus, if you control one of the oil producing areas, you can sell it at a high price to others! PROFIT$$$$!!!!
Because it is easier to criticize the USA then to realize that if we wanted oil, our gas prices wouldn't still be so high, plus, people are ignorant about the issues...
Because that's the bitter fact. America is in war everywhere just for the OIL. And the prices of oil is rigged by Americans and all manipulated traders who deal in that commodity.
Cos you are, aren't you? the reason the price has still gone up is cos the petrol companies want more $$$$$$$
Well, coz the US won't take the oild supply for the good of people around the world and the people of the US! the USA is taking the oil for the benefit of the oil companies! and the US governement! so the cost is still the same, and the price is still the same and maybe higher... but the question is: where does all this revenue and money go? ;)
because people are stupid and can't see 2 feet in front of them. much less the war in Iraq. God Bless
Those people don't understand the price we have to pay to stop another World Trade Center Attack!
well first it was terrorisms, then WMD, then spreading democracy
Of course it's oil, don't be so nieve
you are very innocent missy..........try to read newspapers( not the ones published in USA.......they are mostly full of **** and lies) and watch Al jazeera...you'll know the truth
Because detractors WANT that to be the reason.
Because they are ignorant and believe everything they hear from other ignorant folks. We don't ';need'; oil from anyone. It's a joke.
Depends on who you are?...the war in Iraq is over power...and the reduction of power for certain factions....you are right...take the oil out of Iraq and the war would not have happened in the first place...the Insurgents want the oil for the money it will generate to further their cause....oil is power...do the math...western countries do not want to lose the supply either....
hmm i can see ur a blonde...i am not going to write anything more....
But hey do u read newspapers and watch news on TV?
To those who say we are in Iraq for the oil, I ask: Why did we go into Afghanistan?
Oil supply and Iraq have nothing to do with each other, although given the fact that the USA can no longer get cheap fuel South America and Iran, I think that Iraq will feel the gap. The question you should be asking is Why would America go to war with such a poor nothing of a country like Iraq when you have countries like North Korea developing nuclear weapons which are a real threat to the free world.
dear my friend think real, its a reality
you know:
US attacked Iraq not only for oil but also for many other reasons that only a few people must know
us killed more than 60 000 people in iraq used weak uranium bombs , killed too many child , too many father too many mother too many brother sister, and still continue
nuclear weapons in iraq was just a big bullshit told by US %26amp; or governers
they made brothers and sisters sex in Abu Ghuraib
think if you were instead of iraq poeple
what did you do? you let some evils kill your family? no! you attacked that killers until you die so think
this war will continue until IRAQ PEOPLE be free no a bullshit like : Western Democracy
'cos this is the reason u are still at war with Iraq.US wants to bring democracy to Iraq...right...
The invasion of Iraq IS for thier oil, and for everything else they have. Not because Iraq did anything wrong. that's for sure. It's obvious. I believe it. seeing is believing.
Because it's true, that's why. And by the way, gas isn't ';still'; so high 5 years later, it's been steadily creeping up over the past 5 years.....and it's still half the price in the U.S. of what it is in other countries. Korea, for example....try pushing US$6/gallon. How would you like it if you had to pay that much for gas?
Because the american nation is one of the largest fuel consumers in the world and that statistic is steadily increasing every day. Let's call it pre-emptive planning. The more oil you have and consume the more power you have over the rest of the world. Not you personally but america. (A power hungry nation!)
haven't seen anything good happening to those people since war started...
Come to Iraq and see with your own eyes dude...
If the oil supply gets exhausted one day,how would this affect our lifestyle?
if that happens everybody hafto depend on the alternate fuels like solar energy, wind energy, hydral and stuff..the life style will be changed completely..there will be no cooking gas, petrol n diesel for cars and even the flights will be flying with those alternate fuels..
every thing in this world seems artificial just like a Sci-Fi movie..lol..m soo excited to see those latest technologies and inventions..If the oil supply gets exhausted one day,how would this affect our lifestyle?
Well, if the oil supply slowly gets exhausted, all of us will slowly start using alternative fuels. Our oil supplies aren't even near exhausted yet, and we're already pushing alternative fuels just to protect the environment! Life will go on.If the oil supply gets exhausted one day,how would this affect our lifestyle?
It is not possible that the fuel supply will be finished.
Believe in ALLAH.
he will bless us with any alternative of fuel.
and we will use that alternative against fuel.
i welcome the day, intially it will be difficult. think about this pollution free air, peaceful roads without traffics, all people use to walk or use bicycle or carts or horses.
WHAT A PEACEFULL AND HEALTHY LIFE!!!!
every thing in this world seems artificial just like a Sci-Fi movie..lol..m soo excited to see those latest technologies and inventions..If the oil supply gets exhausted one day,how would this affect our lifestyle?
Well, if the oil supply slowly gets exhausted, all of us will slowly start using alternative fuels. Our oil supplies aren't even near exhausted yet, and we're already pushing alternative fuels just to protect the environment! Life will go on.If the oil supply gets exhausted one day,how would this affect our lifestyle?
It is not possible that the fuel supply will be finished.
Believe in ALLAH.
he will bless us with any alternative of fuel.
and we will use that alternative against fuel.
i welcome the day, intially it will be difficult. think about this pollution free air, peaceful roads without traffics, all people use to walk or use bicycle or carts or horses.
WHAT A PEACEFULL AND HEALTHY LIFE!!!!
What is driving Oil prices to $100 a barrell of Crude. I know there is only finite supply, but why the urgency
What is driving Oil prices to $100 a barrell of Crude. I know there is only finite supply, but why the urgency of the move. Why is moving up so fast. In the past in went up but moderately over several decades.What is driving Oil prices to $100 a barrell of Crude. I know there is only finite supply, but why the urgency
out of control futures market speculators.
the price may go down before the next election. then jump if the democrats get elected.
10 years ago the oil futures price was based on what had ';happened';
now the futures prices are based on what ';might'; happen.What is driving Oil prices to $100 a barrell of Crude. I know there is only finite supply, but why the urgency
Oil is a commodity, like potatoes or pork bellies. The price goes up and down based on what buyers think is going to happen in the future. If there are disturbing uncertainties such as the assassination of Bhutto, buyers tend to believe that oil supplies may be disrupted in the future.
It isn't a conspiracy of oil companies or OPEC. Tomcat got it right. The latest spike is due to troubles in Nigeria. Since the US market is by far the biggest and we get much our oil from there, speculators assume that there might be an increase. Much of it is artificial but it is market forces. China and India have increased the demand. Newer supplies are having trouble keeping up. Refineries are getting upgraded and maintained. Continued trouble in the middle east and Tehran with nukes seemingly inevitable with Israel poised to strike.... etc.
David T couldn't think of anything smart to say (as usual) so he said something racist (as usual).
OPEC is testing the waters to see just how much we are willing to pay for it by controlling supply. I think they are finding we will pay quite a bit more. People need to start conserving, Congress needs to clear the way for more refineries and offshore development of oil fields. I am not optimistic that any of that will happen though.
One word....GREED.
Think its high now, wait till the Arabs follow through on their threat to deal in Euros and drop the dollar!
supply and demand, my man! Yea sure there is a terrorist premium in the price of oil, but that has been there for years....at least since sept. 11, 2001, but perhaps since the 70s.
The thing that has driven the price of oil up so much in the last few years has been the lack of new supply coming on the market coupled with the fact that every year, the world consumes about 2% more oil than the previous year. Also, it is becoming more likely that the US will be heading into a recession soon, and this normally REDUCES demand for oil. However, all the inventory numbers coming in have shown no increase in our oil supplies at all, implying that even though the US demand for oil may be slowing, the rest of the world (China especially) is using a LOT more oil. Hence the price continues to rise.
Have you ever heard of peak oil? This site will explain things nicely!
http://www.lifeaftertheoilcrash.net/
I bet in 5 years we're gonna look back and dream about the days when crude only was $100!
Diogenes - contact me through yahoo if you want! I know you love this stuff!
Nigeria is in turmoil and the assassination of Bhutto are causing people to worry about whether the supply will be interrupted or not. Adjusted for inflation the highest oil prices were in 1981. OPEC is cutting back exports.
Good news though electric cars are becoming more practical and there is a lot of oil shale in the west near the rocky mountains. 800 billion barrels of recoverable oil. 3 times the proven amount that saudi arabia has. we still have more offshore oil too as well as in alaska. We shouldn't be using oil for producing electricity as much we should switch to coal or nuclear but nuclear has a bad rep. Most ';green'; energy sources aren't very reliable.
http://www.nuwireinvestor.com/articles/r鈥?/a>
Chaos in Pakistan is a recent situation that certainly added to the increased price. US threatening Iran doesn't make oil cheaper, that's for sure. China is growing like crazy, and demanding more and more oil. And of course, the rest of the world wants oil just as much as it did before.
Huge demand, uncertain supply -- voila! high prices
It is a reflection of the speed at which third world is catching up with developed nations. Finished products supplies are saturated in most countries. Cheap and generics products are up agaisnt patented products. Raw material supplies are having a better competition agaisnt dumping of finished products. The focus is China.
Nigerians hacking each other up with machetes is the cause of the latest spike in prices I believe. Essentially wall street has no other place to make a quick buck except the oil business, they certainly aren't profiting from green technology.
http://www.bloomberg.com/apps/news?pid=2鈥?/a>
.
.
Because most of the oil is in other countries that are also rip off artists
out of control futures market speculators.
the price may go down before the next election. then jump if the democrats get elected.
10 years ago the oil futures price was based on what had ';happened';
now the futures prices are based on what ';might'; happen.What is driving Oil prices to $100 a barrell of Crude. I know there is only finite supply, but why the urgency
Oil is a commodity, like potatoes or pork bellies. The price goes up and down based on what buyers think is going to happen in the future. If there are disturbing uncertainties such as the assassination of Bhutto, buyers tend to believe that oil supplies may be disrupted in the future.
It isn't a conspiracy of oil companies or OPEC. Tomcat got it right. The latest spike is due to troubles in Nigeria. Since the US market is by far the biggest and we get much our oil from there, speculators assume that there might be an increase. Much of it is artificial but it is market forces. China and India have increased the demand. Newer supplies are having trouble keeping up. Refineries are getting upgraded and maintained. Continued trouble in the middle east and Tehran with nukes seemingly inevitable with Israel poised to strike.... etc.
David T couldn't think of anything smart to say (as usual) so he said something racist (as usual).
OPEC is testing the waters to see just how much we are willing to pay for it by controlling supply. I think they are finding we will pay quite a bit more. People need to start conserving, Congress needs to clear the way for more refineries and offshore development of oil fields. I am not optimistic that any of that will happen though.
One word....GREED.
Think its high now, wait till the Arabs follow through on their threat to deal in Euros and drop the dollar!
supply and demand, my man! Yea sure there is a terrorist premium in the price of oil, but that has been there for years....at least since sept. 11, 2001, but perhaps since the 70s.
The thing that has driven the price of oil up so much in the last few years has been the lack of new supply coming on the market coupled with the fact that every year, the world consumes about 2% more oil than the previous year. Also, it is becoming more likely that the US will be heading into a recession soon, and this normally REDUCES demand for oil. However, all the inventory numbers coming in have shown no increase in our oil supplies at all, implying that even though the US demand for oil may be slowing, the rest of the world (China especially) is using a LOT more oil. Hence the price continues to rise.
Have you ever heard of peak oil? This site will explain things nicely!
http://www.lifeaftertheoilcrash.net/
I bet in 5 years we're gonna look back and dream about the days when crude only was $100!
Diogenes - contact me through yahoo if you want! I know you love this stuff!
Nigeria is in turmoil and the assassination of Bhutto are causing people to worry about whether the supply will be interrupted or not. Adjusted for inflation the highest oil prices were in 1981. OPEC is cutting back exports.
Good news though electric cars are becoming more practical and there is a lot of oil shale in the west near the rocky mountains. 800 billion barrels of recoverable oil. 3 times the proven amount that saudi arabia has. we still have more offshore oil too as well as in alaska. We shouldn't be using oil for producing electricity as much we should switch to coal or nuclear but nuclear has a bad rep. Most ';green'; energy sources aren't very reliable.
http://www.nuwireinvestor.com/articles/r鈥?/a>
Chaos in Pakistan is a recent situation that certainly added to the increased price. US threatening Iran doesn't make oil cheaper, that's for sure. China is growing like crazy, and demanding more and more oil. And of course, the rest of the world wants oil just as much as it did before.
Huge demand, uncertain supply -- voila! high prices
It is a reflection of the speed at which third world is catching up with developed nations. Finished products supplies are saturated in most countries. Cheap and generics products are up agaisnt patented products. Raw material supplies are having a better competition agaisnt dumping of finished products. The focus is China.
Nigerians hacking each other up with machetes is the cause of the latest spike in prices I believe. Essentially wall street has no other place to make a quick buck except the oil business, they certainly aren't profiting from green technology.
http://www.bloomberg.com/apps/news?pid=2鈥?/a>
.
.
Because most of the oil is in other countries that are also rip off artists
Is there an oil supply problem I didn't hear about?
I just noticed that gas prices rose to $3.05 for regular here since monday.....the last I heard oil supplies were good and nothing out of the ordinary has happened to warrant such an increase....I am all for profit and stuff..but something is not right.Is there an oil supply problem I didn't hear about?
Nope..
no oil supply problem..
The oil supply problem is almost as hyped as is
global warming...Is there an oil supply problem I didn't hear about?
It would help if you mentioned where 'Here' was.
But Inventories have fallen in the US as cold weather finally started to happen and OPEC cut its production.
And yes, There was a Gas shortage in Ontario and Quebec, many stations had actually run out for a couple of weeks, so that diverted alot of Oil usually bound for the NorthEastern US.
Actual Oil Prices havn't skyrocketed, but are higher than they were a couple weeks ago when they hit short term lows for a while.
It's hard to know more about your local supply demand situation without knowing where that is, but It is likely a result of the Ontario/Quebec shortfalls.
Nope nothing on the news ether. We sucking up a record amount of oil every year, but prices keep going up. They say its demand for it but I think there full of crap. The oil companies are making record profit as well. If they can find any reason for gas to go up they will. I think gas went up b/c Captain America dead on this new comic that came out.can dogs eat celery
Nope..
no oil supply problem..
The oil supply problem is almost as hyped as is
global warming...Is there an oil supply problem I didn't hear about?
It would help if you mentioned where 'Here' was.
But Inventories have fallen in the US as cold weather finally started to happen and OPEC cut its production.
And yes, There was a Gas shortage in Ontario and Quebec, many stations had actually run out for a couple of weeks, so that diverted alot of Oil usually bound for the NorthEastern US.
Actual Oil Prices havn't skyrocketed, but are higher than they were a couple weeks ago when they hit short term lows for a while.
It's hard to know more about your local supply demand situation without knowing where that is, but It is likely a result of the Ontario/Quebec shortfalls.
Nope nothing on the news ether. We sucking up a record amount of oil every year, but prices keep going up. They say its demand for it but I think there full of crap. The oil companies are making record profit as well. If they can find any reason for gas to go up they will. I think gas went up b/c Captain America dead on this new comic that came out.
What is the supply and demand for crude oil in the world?
what is the reaction in the market in pakistan to the oil price fluctuations in the world?What is the supply and demand for crude oil in the world?
the rate at which the united states uses oil products vs the rate in which we have to replenish the supply from foreign country's vs our relationship with that countryWhat is the supply and demand for crude oil in the world?
I think the answer is simple that the supply of crude oil in the world is less than that of the increasing demand. This is not just in the case of crude oil but in every product ,now the supply is less than that of demand. As a result the price level of the product is going up and up, which is explained in the Law of Supply in Economics.
Crude oil is used for lots of different products, When it is refined, it is split into different forms, some gaseous and some liquid. its main use is octane, which is the stuff that makes petrol. Other uses are plastics like polypropelyne.
It is a farse. The supply and demand is a puppet act controlled by the worlds oil cartel and rich corporations. There is no shortage of oil in the world.
The supply is greatly regulated by the policies of OPEC. OPEC determines how much oil they will release onto the global market. If they release less of that oil than what is needed this increases the demand, therefore the price rises. If they crank out more than what is needed this produces a surplus and the price of oil decreases.
The supply and demand is man controlled, like someone flicking a light switch on and off.
Ofcourse this doesnot comply if there is a natural disaster that interrupts our ability to refine or transport of this oil but that's in extreme cases in most cases this is controlled by profit margins.
the rate at which the united states uses oil products vs the rate in which we have to replenish the supply from foreign country's vs our relationship with that countryWhat is the supply and demand for crude oil in the world?
I think the answer is simple that the supply of crude oil in the world is less than that of the increasing demand. This is not just in the case of crude oil but in every product ,now the supply is less than that of demand. As a result the price level of the product is going up and up, which is explained in the Law of Supply in Economics.
Crude oil is used for lots of different products, When it is refined, it is split into different forms, some gaseous and some liquid. its main use is octane, which is the stuff that makes petrol. Other uses are plastics like polypropelyne.
It is a farse. The supply and demand is a puppet act controlled by the worlds oil cartel and rich corporations. There is no shortage of oil in the world.
The supply is greatly regulated by the policies of OPEC. OPEC determines how much oil they will release onto the global market. If they release less of that oil than what is needed this increases the demand, therefore the price rises. If they crank out more than what is needed this produces a surplus and the price of oil decreases.
The supply and demand is man controlled, like someone flicking a light switch on and off.
Ofcourse this doesnot comply if there is a natural disaster that interrupts our ability to refine or transport of this oil but that's in extreme cases in most cases this is controlled by profit margins.
When will we exhaust the worlds oil supply ?
Petroleum (oil) provides some of the best fossil fuels, specifically, gasoline and diesel. Modern techniques for extracting oil from the Earth are relatively efficient and petroleum products are easy to transport, so the cost of such fuels are relatively inexpensive. Further, the amount of energy that can be extracted through the burning of small volumes of diesel and gasoline is very large, making engines using such fuels very attractive for many, many purposes, especially for transportation systems.
In the end, however, the burning of petroleum products produces CO2, other carbon compounds (including particulate carbon in the case of diesel), and other chemical compounds from trace elements and additives in the fuels.
Compared to the amount of coal in the world, all indications are that there is much less petroleum. For several decades, there have been ';predictions'; that humanity would soon exhaust the world's supply of oil. All these have proved ';premature';.
Just how much petroleum there is in the Earth System is not known. As the energy companies explore Earth's crust, especially the crust of the continental shelves, more and more oil is being discovered. And the technology to extract oil from the crust continues to increase in range (deeper) and efficiency (more oil extracted from a given reservoir).
For example, 30 years ago, it was state-of-the-art to drill just off shore, staying close to the land. Today, wells are being drilled 100s of kilometers out from shore, in depths approaching 10,000 ft. In a few years, it will be possible to drill wells at 20-30,000 feet below the ocean surface, so that all the continental shelf will be accessible.
However, it is reasonable to expect that the cost of oil will rise with time, reflecting the increased costs of extracting oil from ever deeper reservoirs. Somewhere in the future (2050? 2100?) petroleum will become too expensive for all but specialty uses.When will we exhaust the worlds oil supply ?
My guess is never. There are so many deposits we do not even know about yet, but it is expensive to drill in hopes that there will be oil somewhere. And we may all die, before we use all the oil, or what would be better is if we developed more alternative technologies and relied on them more.When will we exhaust the worlds oil supply ?
At our current rate of consumption it is predicted in 20 years.
sooner or later. probably sooner.
According to MIT if burn All of the oil and coal the planet will over heat.
At current consumption rate about 40 years but with China and Europe increasing its oil need it might be sooner.
until all middle east countries conquered
I say 10-20 years max
Within the next 35 to 40 years
never, because the Demicrats always vote to stop drilling everywhere. so that leaves all the oil in the ground.so their will always be oil her. their is oil off the 2 coasts ,texas ,ok ,nm gulf. pa,you will never have to get worried about running out of oil
In the end, however, the burning of petroleum products produces CO2, other carbon compounds (including particulate carbon in the case of diesel), and other chemical compounds from trace elements and additives in the fuels.
Compared to the amount of coal in the world, all indications are that there is much less petroleum. For several decades, there have been ';predictions'; that humanity would soon exhaust the world's supply of oil. All these have proved ';premature';.
Just how much petroleum there is in the Earth System is not known. As the energy companies explore Earth's crust, especially the crust of the continental shelves, more and more oil is being discovered. And the technology to extract oil from the crust continues to increase in range (deeper) and efficiency (more oil extracted from a given reservoir).
For example, 30 years ago, it was state-of-the-art to drill just off shore, staying close to the land. Today, wells are being drilled 100s of kilometers out from shore, in depths approaching 10,000 ft. In a few years, it will be possible to drill wells at 20-30,000 feet below the ocean surface, so that all the continental shelf will be accessible.
However, it is reasonable to expect that the cost of oil will rise with time, reflecting the increased costs of extracting oil from ever deeper reservoirs. Somewhere in the future (2050? 2100?) petroleum will become too expensive for all but specialty uses.When will we exhaust the worlds oil supply ?
My guess is never. There are so many deposits we do not even know about yet, but it is expensive to drill in hopes that there will be oil somewhere. And we may all die, before we use all the oil, or what would be better is if we developed more alternative technologies and relied on them more.When will we exhaust the worlds oil supply ?
At our current rate of consumption it is predicted in 20 years.
sooner or later. probably sooner.
According to MIT if burn All of the oil and coal the planet will over heat.
At current consumption rate about 40 years but with China and Europe increasing its oil need it might be sooner.
until all middle east countries conquered
I say 10-20 years max
Within the next 35 to 40 years
never, because the Demicrats always vote to stop drilling everywhere. so that leaves all the oil in the ground.so their will always be oil her. their is oil off the 2 coasts ,texas ,ok ,nm gulf. pa,you will never have to get worried about running out of oil
Why do people in the financial markets point only to supply and demand as the reason for high oil?
My financial adviser and James Cramer among others deny that there is an oil bubble driven by speculators.Why do people in the financial markets point only to supply and demand as the reason for high oil?
Way back when schools actually taught students something, it was a common rule in economics, it basically holds true today. Speculators feed off 'supply %26amp; demand', and it is true that there is a great demand for oil. Low production keeps the price high.Why do people in the financial markets point only to supply and demand as the reason for high oil?
Because it is supply and demand.
But the funny thing is, inflation accounts for the entire rise in the price of gasoline. Gasoline has not gone up any more than any other product we buy. Check it out.
The financial markets make their money by supply and demand- It is to their benefit to make everyone believe that same worn out outdated excuse.
There are people who are dumb enough to believe the crap. Those people don't read the newspapers.
Way back when schools actually taught students something, it was a common rule in economics, it basically holds true today. Speculators feed off 'supply %26amp; demand', and it is true that there is a great demand for oil. Low production keeps the price high.Why do people in the financial markets point only to supply and demand as the reason for high oil?
Because it is supply and demand.
But the funny thing is, inflation accounts for the entire rise in the price of gasoline. Gasoline has not gone up any more than any other product we buy. Check it out.
The financial markets make their money by supply and demand- It is to their benefit to make everyone believe that same worn out outdated excuse.
There are people who are dumb enough to believe the crap. Those people don't read the newspapers.
Why can we not cut off imports and just supply our own country with oil?
While we wouldn't be able to do it forever (which is why we import/export with other countries to keep ';friendly lines'; open) I do believe we could sustain our own country temporarily IF we were willing to make a lot of changes.
Alaska, Texas and the Gulf of Mexico provide large amounts of oil that just might help supply our own country for many years - just not forever.
But in all honesty, with as much oil and gas as we go through, I don't know how long Americans could last. Besides, none of the ';big businesses'; would go for it - they make too much money on the import/export deals.
JMOWhy can we not cut off imports and just supply our own country with oil?
Our country hasn't drilled an oil well in over 10 years i believe. We would not be able to supply our insanely high demand of oil by ourselves. The only way to keep our economy from completely toppling is by buying our oil from everybody. The funny thing is that we actually sell oil too, why not use that?Why can we not cut off imports and just supply our own country with oil?
The United States only produces 8/million barrels of oil per day. We consume 20/million, so we've got to import 12/million.
Unless Congress allows drilling in ANWR or off the west coast of Florida, than you can forget the idea of domestic oil suiting our needs.
Alaska, Texas and the Gulf of Mexico provide large amounts of oil that just might help supply our own country for many years - just not forever.
But in all honesty, with as much oil and gas as we go through, I don't know how long Americans could last. Besides, none of the ';big businesses'; would go for it - they make too much money on the import/export deals.
JMOWhy can we not cut off imports and just supply our own country with oil?
Our country hasn't drilled an oil well in over 10 years i believe. We would not be able to supply our insanely high demand of oil by ourselves. The only way to keep our economy from completely toppling is by buying our oil from everybody. The funny thing is that we actually sell oil too, why not use that?Why can we not cut off imports and just supply our own country with oil?
The United States only produces 8/million barrels of oil per day. We consume 20/million, so we've got to import 12/million.
Unless Congress allows drilling in ANWR or off the west coast of Florida, than you can forget the idea of domestic oil suiting our needs.
When will the worlds oil supply run out?
when i get my V8...... nah kidding all i know is not in our lifetime but maybe our kids or grandkidsWhen will the worlds oil supply run out?
We Will Never Run Out of Oil I argue against calculations that oil will ';run out'; in some specific year:
Predictions that we will run out of oil after a certain period of time are based on an ignorance of the economic way of thinking. The typical way to estimate the number of years it will take us to run out of oil is to consider the following factors:
The number of barrels we can extract with existing technology.
The number of barrels used worldwide in a year. When will the worlds oil supply run out?
it's been estimated to be around 50 years time, which will then lead to world war 3, scary $hit.
After I'm gonecan dogs eat celery
We Will Never Run Out of Oil I argue against calculations that oil will ';run out'; in some specific year:
Predictions that we will run out of oil after a certain period of time are based on an ignorance of the economic way of thinking. The typical way to estimate the number of years it will take us to run out of oil is to consider the following factors:
The number of barrels we can extract with existing technology.
The number of barrels used worldwide in a year. When will the worlds oil supply run out?
it's been estimated to be around 50 years time, which will then lead to world war 3, scary $hit.
After I'm gone
What actions would you take to cope if the US had to cut it's Oil supply drastically - and Lib, Con, or Other?
I all ready rely solely on public transit, but I would reduce my energy consumption and do my best to buy local. DemocratWhat actions would you take to cope if the US had to cut it's Oil supply drastically - and Lib, Con, or Other?
I would take public transportation.What actions would you take to cope if the US had to cut it's Oil supply drastically - and Lib, Con, or Other?
I would rush out to the store and stock up on vaseline.
Put a lock and alarm on the gas cap on my vehicle.
Have you seen the posts, telling of how we now can make fuel out of ordinary saltwater?? In about 2 to 5 years from now, who is really gonna care if oil gets cut down?
Yeah, expect Big Oil to act out in anger--making life tough for us for a brief time. But afterwards, when we use cars running on hydrofuel, WE can then tell OPEC to go to hell!!
I'd continue to do what I've done for the past twenty years: drive less; walk or bicycle more; REduce, REuse and REcycle; set my thermostat lower in winter and higher in summer; stop using plastic bags and other petroleum-based products as much as possible and boycott stores that don't practice and promote energy conservation. -RKO- 09/12/07 (Independent)
Walk and ride my bike more. And laugh even harder at the people who drive suv's and hummergivers.
Buy Harley Davidson shares.
My girlfriend %26amp; I already rely on public transportation %26amp; I ride my bike a lot. We don't have a car. Where we live, everything we need, grocery store, library, restauraunts, shopping centers %26amp; malls is within walking distant or by bus %26amp; we have a great subway system in D.C. also. If we travel to Penn, we rent a car which is every 4 months.
Ride my bike, take the bus, move closer to work, etc.
I would cope though and I don't think that we would be in a crisis for very long. Electric and hybrid cars, motorcycles, mopeds, etc. sales would skyrocket overnight.
We've already moved closer to my husband's office . . . and have banked cash in case of emergency. Democrat
Since I already use the commuter rail and don't own a car--nothing.
We got tired of making Exxon/Mobil richyears ago. We're enjoying putting all that money in the bank, going on vacations, etc.
Let the SUV drivers who have no better sense than to spend their hard-earnedmoney on a gas hog learn the hard way. Its not like nobody's pointed out time and time again how dysfunctional Americans's habits on this issue are.
If it became a real problem, i would move close to work so i could walk or ride my bike there. I would cut down on trips, and buy a smaller car.
Like Charity G my husband and I have stashed cash. We have stopped taking the 4x4 out as often. We have grown our own veggies. Since I work from home(telecommute) and his work is only a few minutes away that is not an issue. We initiate new ideas as they come along. We already live quite green. Though an inconvenience I think we would do OK.
Independent
Personally,I will keep riding my bike to work,while those stepping hard on the gas of their Tanks will reach pre-retirement due to be rendered in a bed ridden or a power-wheelchair,if Lucky.
America and the World has many other sources of Energy,but the owners of the present commodity,have their hands on pulling the reigns of Power,that could lead you out it,and want everyone addicted to their Pumping.Pimp you up as longer as they can.
Like if in a Team,the Water boy is above QB,Coach,President.
Power is addictive too.
We have plenty of oil in our territory but soft,unrealistic,so called environmentalists have caused us to not be able to bring it up!! We have to save the Alaskan Satan fly that is on the endangered list
I drive a hybrid and would probably buy a senior tricycle bike for smaller errands. I live within walking distance of supermarket and other conveniences, so I am a think ahead lucky Democrat.
I would take public transportation.What actions would you take to cope if the US had to cut it's Oil supply drastically - and Lib, Con, or Other?
I would rush out to the store and stock up on vaseline.
Put a lock and alarm on the gas cap on my vehicle.
Have you seen the posts, telling of how we now can make fuel out of ordinary saltwater?? In about 2 to 5 years from now, who is really gonna care if oil gets cut down?
Yeah, expect Big Oil to act out in anger--making life tough for us for a brief time. But afterwards, when we use cars running on hydrofuel, WE can then tell OPEC to go to hell!!
I'd continue to do what I've done for the past twenty years: drive less; walk or bicycle more; REduce, REuse and REcycle; set my thermostat lower in winter and higher in summer; stop using plastic bags and other petroleum-based products as much as possible and boycott stores that don't practice and promote energy conservation. -RKO- 09/12/07 (Independent)
Walk and ride my bike more. And laugh even harder at the people who drive suv's and hummergivers.
Buy Harley Davidson shares.
My girlfriend %26amp; I already rely on public transportation %26amp; I ride my bike a lot. We don't have a car. Where we live, everything we need, grocery store, library, restauraunts, shopping centers %26amp; malls is within walking distant or by bus %26amp; we have a great subway system in D.C. also. If we travel to Penn, we rent a car which is every 4 months.
Ride my bike, take the bus, move closer to work, etc.
I would cope though and I don't think that we would be in a crisis for very long. Electric and hybrid cars, motorcycles, mopeds, etc. sales would skyrocket overnight.
We've already moved closer to my husband's office . . . and have banked cash in case of emergency. Democrat
Since I already use the commuter rail and don't own a car--nothing.
We got tired of making Exxon/Mobil richyears ago. We're enjoying putting all that money in the bank, going on vacations, etc.
Let the SUV drivers who have no better sense than to spend their hard-earnedmoney on a gas hog learn the hard way. Its not like nobody's pointed out time and time again how dysfunctional Americans's habits on this issue are.
If it became a real problem, i would move close to work so i could walk or ride my bike there. I would cut down on trips, and buy a smaller car.
Like Charity G my husband and I have stashed cash. We have stopped taking the 4x4 out as often. We have grown our own veggies. Since I work from home(telecommute) and his work is only a few minutes away that is not an issue. We initiate new ideas as they come along. We already live quite green. Though an inconvenience I think we would do OK.
Independent
Personally,I will keep riding my bike to work,while those stepping hard on the gas of their Tanks will reach pre-retirement due to be rendered in a bed ridden or a power-wheelchair,if Lucky.
America and the World has many other sources of Energy,but the owners of the present commodity,have their hands on pulling the reigns of Power,that could lead you out it,and want everyone addicted to their Pumping.Pimp you up as longer as they can.
Like if in a Team,the Water boy is above QB,Coach,President.
Power is addictive too.
We have plenty of oil in our territory but soft,unrealistic,so called environmentalists have caused us to not be able to bring it up!! We have to save the Alaskan Satan fly that is on the endangered list
I drive a hybrid and would probably buy a senior tricycle bike for smaller errands. I live within walking distance of supermarket and other conveniences, so I am a think ahead lucky Democrat.
When will the world's supply of oil run out?
While the supply of oil is likely to go into a decline within a decade (some scientists think it already has) there will be many things that will help to extend the supply, so it is unlikely to completely run out for many decades. Some well informed predictions suggest that by 2050 the world will be essentially running on empty, but many things could change over the next 40 years.
http://www.energybulletin.net/primer.php
It is true that most of the major oil companies have been failing to discover as much new oil each year as they are producing, leaving us currently with falling oil reserves, but the real problem at present is that consumption is growing and has reached a record 83 million barrels of oil per day worldwide. Oil demand is one of the reasons that it is so hard to predict how long our oil supplies will last. When oil reached record high prices in the early 1980's the demand for oil dropped off dramatically. So far, there has been little reduction in demand as a result of the currently high prices in the market. If oil demand drops significantly world oil reserves could last much much longer.
Several factors will change the supply of oil as prices increase. Right now many smaller companies are drilling for small oil reserves profitably and successfully. The major oil companies are still ignoring these small reserves as they have difficulty making a return on investment, while the small companies can easily find, produce and profit from 1 million barrel reservoirs. These types of oil reservoirs exist all over the world within the areas where major oil discoveries have been made, but have generally been ignored because these small reservoirs will only produce for a few years and often take more work to find relative to the size of the discovery than the large fields. However, many existing oil fields that have been considered depleted are proving to still have a second life in them in the form of these small reserves left behind and missed the first time. These types of reserves are likely to become a major factor in slowing the decline in future years and the oil exploration business may become dominated by small companies that are more agile and creative than the large majors.
The other thing to consider is that recovery of oil from a typical oil reservoir is often only about 50% of the oil. If you think about this, it means that it is likely that for the trillion barrels of oil that the world has recovered and consumed, another trillion barrels was left behind. If, and this is a big if that is very much unknown, a new technology is invented that will make it possible to recover this previously 'unrecoverable' oil, the world's oil supply might be extended for many more years. Some techniques already exist to do secondary recovery and these are likely to utilized much more as oil prices rise.
As oil prices rise there is much more incentive to use alternative fuels and energy sources like ethanol, methanol, biodiesel, hydrogen, nuclear, coal, tar sands, oil shale, solar, wind, geothermal, hydroelectric, tidal power, biomass, methane hydrates, etc. Each of these types of energy may start taking up some of the current market for oil and as they begin making larger and larger contributions to the energy mix, there will be less demand for oil, stretching out the decline curve even further.
If you want to keep up with changes and events related to energy production and peak oil I suggest the following web page:
http://www.energybulletin.net/news.php?c鈥?/a>
The one thing you can be sure of, if the current demand for oil does not decline, the price of oil in the future is very unlikely to be cheaper because it is very unlikely that we can drill our way out of this supply problem.When will the world's supply of oil run out?
20 years.When will the world's supply of oil run out?
at double the current rate of consumption, it will take more than 2 weeks before we run low enough to even concern ourselves with it.
in approximently 30 to 40 years
IF WE STAY OUT OF ALASKA
which I think we should
At our current rate of usage, if no new sources are found or our use becomes less due to exploring other fuel sources, we have roughly 20-30 years left.
There is one untapped field in Wyoming (among many) that is estimated to contain enough oil to last the entire world, at present rates of petroleum consumption, for 400 years. This isn't oil shale or something exotic, either... just drill conventional wells and watch the black gold gush forth. It's a high-desert area, no agriculture, almost zero cattle ranching, mostly Bureau of Land Management supervised (not National Wildlife Preserves, etc.) for which drilling permits can be issued relatively easily... just waiting to be drilled.
Why hasn't this field been tapped? Good question... Answers usually involve those disruptive environmental groups, or, even worse, Oil Company conspiratorial workings.
I live near this potential oilfield. I know just enough about geology to believe it and its potential actually do exist.
Go figure.
Experts predict it will happen this Saturday at 3:31 pm...
http://www.energybulletin.net/primer.php
It is true that most of the major oil companies have been failing to discover as much new oil each year as they are producing, leaving us currently with falling oil reserves, but the real problem at present is that consumption is growing and has reached a record 83 million barrels of oil per day worldwide. Oil demand is one of the reasons that it is so hard to predict how long our oil supplies will last. When oil reached record high prices in the early 1980's the demand for oil dropped off dramatically. So far, there has been little reduction in demand as a result of the currently high prices in the market. If oil demand drops significantly world oil reserves could last much much longer.
Several factors will change the supply of oil as prices increase. Right now many smaller companies are drilling for small oil reserves profitably and successfully. The major oil companies are still ignoring these small reserves as they have difficulty making a return on investment, while the small companies can easily find, produce and profit from 1 million barrel reservoirs. These types of oil reservoirs exist all over the world within the areas where major oil discoveries have been made, but have generally been ignored because these small reservoirs will only produce for a few years and often take more work to find relative to the size of the discovery than the large fields. However, many existing oil fields that have been considered depleted are proving to still have a second life in them in the form of these small reserves left behind and missed the first time. These types of reserves are likely to become a major factor in slowing the decline in future years and the oil exploration business may become dominated by small companies that are more agile and creative than the large majors.
The other thing to consider is that recovery of oil from a typical oil reservoir is often only about 50% of the oil. If you think about this, it means that it is likely that for the trillion barrels of oil that the world has recovered and consumed, another trillion barrels was left behind. If, and this is a big if that is very much unknown, a new technology is invented that will make it possible to recover this previously 'unrecoverable' oil, the world's oil supply might be extended for many more years. Some techniques already exist to do secondary recovery and these are likely to utilized much more as oil prices rise.
As oil prices rise there is much more incentive to use alternative fuels and energy sources like ethanol, methanol, biodiesel, hydrogen, nuclear, coal, tar sands, oil shale, solar, wind, geothermal, hydroelectric, tidal power, biomass, methane hydrates, etc. Each of these types of energy may start taking up some of the current market for oil and as they begin making larger and larger contributions to the energy mix, there will be less demand for oil, stretching out the decline curve even further.
If you want to keep up with changes and events related to energy production and peak oil I suggest the following web page:
http://www.energybulletin.net/news.php?c鈥?/a>
The one thing you can be sure of, if the current demand for oil does not decline, the price of oil in the future is very unlikely to be cheaper because it is very unlikely that we can drill our way out of this supply problem.When will the world's supply of oil run out?
20 years.When will the world's supply of oil run out?
at double the current rate of consumption, it will take more than 2 weeks before we run low enough to even concern ourselves with it.
in approximently 30 to 40 years
IF WE STAY OUT OF ALASKA
which I think we should
At our current rate of usage, if no new sources are found or our use becomes less due to exploring other fuel sources, we have roughly 20-30 years left.
There is one untapped field in Wyoming (among many) that is estimated to contain enough oil to last the entire world, at present rates of petroleum consumption, for 400 years. This isn't oil shale or something exotic, either... just drill conventional wells and watch the black gold gush forth. It's a high-desert area, no agriculture, almost zero cattle ranching, mostly Bureau of Land Management supervised (not National Wildlife Preserves, etc.) for which drilling permits can be issued relatively easily... just waiting to be drilled.
Why hasn't this field been tapped? Good question... Answers usually involve those disruptive environmental groups, or, even worse, Oil Company conspiratorial workings.
I live near this potential oilfield. I know just enough about geology to believe it and its potential actually do exist.
Go figure.
Experts predict it will happen this Saturday at 3:31 pm...
Why is it some like to pretend that insuring the oil supply isn't a national security issue?
chgWhy is it some like to pretend that insuring the oil supply isn't a national security issue?
They are only the libs in congress. Simple answer - they have no sense at all.Why is it some like to pretend that insuring the oil supply isn't a national security issue?
Whom are you referring to? I haven't seen anyone in the entire world say that their oil supply is not important to the security of their home country. So, just who is it?
I suppose one form of insurance would be to negotiate right now with Cuba to tap that oil field they discovered. True, it would lead to normalized relations, but what the heck, Castro and his brother can't live forever.
Or, did you mean insure oil supply by taking it away from the soverign nations that control it now? Yeah, that hasn't worked well in Iraq.
So, perhaps you mean we should drill up every drop of US oil so we can burn it off within 40 years or less. Is that what you mean?
Perhaps you mean we could reduce consumption drastically, by investment in non-oil energy sources. Like gas! Let's drill up all the gas we can find and burn it off in our vehicles, doing important things like shopping and hauling one child to soccer practice.
These people believe big oil stole the 100 mpg carburater and the next magic bullet has already been developed.
They are only the libs in congress. Simple answer - they have no sense at all.Why is it some like to pretend that insuring the oil supply isn't a national security issue?
Whom are you referring to? I haven't seen anyone in the entire world say that their oil supply is not important to the security of their home country. So, just who is it?
I suppose one form of insurance would be to negotiate right now with Cuba to tap that oil field they discovered. True, it would lead to normalized relations, but what the heck, Castro and his brother can't live forever.
Or, did you mean insure oil supply by taking it away from the soverign nations that control it now? Yeah, that hasn't worked well in Iraq.
So, perhaps you mean we should drill up every drop of US oil so we can burn it off within 40 years or less. Is that what you mean?
Perhaps you mean we could reduce consumption drastically, by investment in non-oil energy sources. Like gas! Let's drill up all the gas we can find and burn it off in our vehicles, doing important things like shopping and hauling one child to soccer practice.
These people believe big oil stole the 100 mpg carburater and the next magic bullet has already been developed.
Can Americans start kicking the people who used the Supply & Demand theory to defend the oil Corporations ?
Currently, Demands are down.... oil price dropped... but gas price jumped $0.30 in 3-4 daysCan Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
LOL, well, for once I agree with you and made a similar point months ago. But then, I guess we're not as smart as those high priced market economists, huh? That's pretty sad.Can Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
OPEC has cut supply. Demand has remained the same.
Butt whooping time
No change, but ****** Democrats will let the prices go skyward
LOL, well, for once I agree with you and made a similar point months ago. But then, I guess we're not as smart as those high priced market economists, huh? That's pretty sad.Can Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
OPEC has cut supply. Demand has remained the same.
Butt whooping time
No change, but ****** Democrats will let the prices go skyward
How much oil wold the USA loose if supply lines were cut off with Iran?
Iran today said that they would cut off oil supply channels if attacked. How much Does the USA get from that area
? I think its alotHow much oil wold the USA loose if supply lines were cut off with Iran?
You ';think'; its a lot? On what do you base that opinion? In fact, the US gets none of its oil from Iran, and that has been true since 1987. However, Iranian oil supplies much of the rest of the West, as well as Japan. A cut-off of Iranian oil would severely impact those countries.How much oil wold the USA loose if supply lines were cut off with Iran?
It's not as easy as all that. Iran is an oil exporter but not an oil refiner. It sends its oil to other countries and the other countries then sell the refined oil on to America.
If Iran were to cut off supplies it would effect the whole world, other countries would try to secure supplies which would mean that there was less to go around and the price would go up. America would not actually loose oil but rather the oil would become much more expensive and many US companies would no longer be able to afford to buy so much.
Of course, what you REALLY need to worry about is not Iran cutting off its own oil production but rather Iran interfering in the supply of oil from other countries.
Iran could make life very difficult for tankers in the Gulf region and beyond. This would effect oil supplies from Iraq, Saudi Arabia and so on. IT wold massively hike the price of oil world wide and would put the US at the mercy of Russia and Latin American oil and gas suppliers.
not any directly...... we dont buy oil from Hugo Chavez, but Mexico does, and we in return buy it from mexico.... yes, a double standard.
so if we get oil from Iran, its not directly....... but where Iran could REALLY cut us off is, if they are able to denominate oil for euro's, that could prompt other OPEC members to jump ship..... remember OPEC is forced to buy back a portion of our national debt in our original agreement in the 1970's.... sooner or later, they are going to bail out on the falling dollar.
this is why Iran is a threat..... it has NOTHING to do with nuclear weapons..... thats old fashioned propoganda.
not much if not any, but Iran does provide alot more gas to the world than oil, so be warned as prices would hike if Iran was attacked
We had better sit down and negotiate with Iran before that happens. I'm sure there are reasonable people in Iran that just need to be listened to.
Iran doesn't have refining capacity so it would cut both ways.
A lot but then Iran would lose the income and fall apart quickly. No money means no food etc. So end of Iran. As usual the Iran leadership does not think beyond its horns.
Iran is full of ****. I wish we could just nuke them and get on with it.
? I think its alotHow much oil wold the USA loose if supply lines were cut off with Iran?
You ';think'; its a lot? On what do you base that opinion? In fact, the US gets none of its oil from Iran, and that has been true since 1987. However, Iranian oil supplies much of the rest of the West, as well as Japan. A cut-off of Iranian oil would severely impact those countries.How much oil wold the USA loose if supply lines were cut off with Iran?
It's not as easy as all that. Iran is an oil exporter but not an oil refiner. It sends its oil to other countries and the other countries then sell the refined oil on to America.
If Iran were to cut off supplies it would effect the whole world, other countries would try to secure supplies which would mean that there was less to go around and the price would go up. America would not actually loose oil but rather the oil would become much more expensive and many US companies would no longer be able to afford to buy so much.
Of course, what you REALLY need to worry about is not Iran cutting off its own oil production but rather Iran interfering in the supply of oil from other countries.
Iran could make life very difficult for tankers in the Gulf region and beyond. This would effect oil supplies from Iraq, Saudi Arabia and so on. IT wold massively hike the price of oil world wide and would put the US at the mercy of Russia and Latin American oil and gas suppliers.
not any directly...... we dont buy oil from Hugo Chavez, but Mexico does, and we in return buy it from mexico.... yes, a double standard.
so if we get oil from Iran, its not directly....... but where Iran could REALLY cut us off is, if they are able to denominate oil for euro's, that could prompt other OPEC members to jump ship..... remember OPEC is forced to buy back a portion of our national debt in our original agreement in the 1970's.... sooner or later, they are going to bail out on the falling dollar.
this is why Iran is a threat..... it has NOTHING to do with nuclear weapons..... thats old fashioned propoganda.
not much if not any, but Iran does provide alot more gas to the world than oil, so be warned as prices would hike if Iran was attacked
We had better sit down and negotiate with Iran before that happens. I'm sure there are reasonable people in Iran that just need to be listened to.
Iran doesn't have refining capacity so it would cut both ways.
A lot but then Iran would lose the income and fall apart quickly. No money means no food etc. So end of Iran. As usual the Iran leadership does not think beyond its horns.
Iran is full of ****. I wish we could just nuke them and get on with it.
Can any dem prove that oil prices are NOT determined by supply and demand?
10 points to the first one of you who can.Can any dem prove that oil prices are NOT determined by supply and demand?
American Airlines praised Congress for focusing on oil-market speculation and the need to lower skyrocketing oil prices, which are having an adverse impact on the airline industry.
The commercial airline applauded Sen. Dick Durbin, D-Ill., and Tom Harkin, D-Iowa, who chaired a hearing to examine oil market speculation.
http://www.bizjournals.com/dallas/storie鈥?/a>
More than 30 percent, experts say, exchanged in so-called ';dark markets,'; the exact size and scope unknown to U.S. regulators.
';If you can trade out of the sight of U.S. regulators, you can manipulate these markets,'; said Michael Greenberger, a former top staffer at the Commodities Futures Trading Commission, or CFTC, which regulates the trading of commodities like oil in this country.
He recently told Congress that speculation is placing a huge premium on the price of oil.
';How much per barrel?'; Keteyian asked.
';Well, there have been various estimates - anywhere from 25 percent to 50 percent,'; Greenberger said.
http://www.cbsnews.com/stories/2008/06/1鈥?/a>
WASHINGTON, June 18 (Reuters) - Sen. Joseph Lieberman on Wednesday unveiled three draft legislative proposals aimed at limiting speculation in crude oil futures markets, including one that would ban participation by big institutional investors.
The Senate Homeland Security and Governmental Affairs Committee, which Lieberman chairs, will hold a hearing on the bills on June 24. Walter Lukken, acting chairman of the U.S. Commodity Futures Trading Commission, is expected to attend.
One proposal would ban pension funds and institutional investors with more than $500 million in assets from futures markets. Another would set position limits on investment banks like Goldman Sachs (GS.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research) that offer ';swap'; deals as middle-man between two parties that want to take offsetting oil market positions.
The third proposal would force the CFTC to confront speculation that causes prices to rise ';beyond levels justified by the market fundamentals.';
Lieberman and Sen. Susan Collins, Maine Republican, said they want to propose formal legislation after the July 4th congressional recess that Congress can weigh before the end of the year.
U.S. regulators are feeling heat to limit speculation in commodities markets, which U.S. lawmakers see as a prime mover behind the surge of nearly 40 percent in crude oil prices since January to record highs near $140 a barrel.
';A certain amount of speculation in this market helps the physical traders but the speculators are now dominating the commodities markets,'; Lieberman, an independent from Connecticut, said at a press conference.
http://uk.reuters.com/article/oilRpt/idU鈥?/a>Can any dem prove that oil prices are NOT determined by supply and demand?
Here is an interesting fact for you:
In the last year overall US gas consumption has decreased by 3% (that means less gas used, more supply available)
In that same time frame the price of gas at the pump has increased by about 35%.
The oil and gas market is not ruled by supply and demand.
high oil prices are the result of speculation because the margins are super low for oil compared to stocks
the end
hugs!
I'm a dem, and I believe oil prices are controlled by 3 things:
Supply
Demand
Profit!can dogs eat celery
American Airlines praised Congress for focusing on oil-market speculation and the need to lower skyrocketing oil prices, which are having an adverse impact on the airline industry.
The commercial airline applauded Sen. Dick Durbin, D-Ill., and Tom Harkin, D-Iowa, who chaired a hearing to examine oil market speculation.
http://www.bizjournals.com/dallas/storie鈥?/a>
More than 30 percent, experts say, exchanged in so-called ';dark markets,'; the exact size and scope unknown to U.S. regulators.
';If you can trade out of the sight of U.S. regulators, you can manipulate these markets,'; said Michael Greenberger, a former top staffer at the Commodities Futures Trading Commission, or CFTC, which regulates the trading of commodities like oil in this country.
He recently told Congress that speculation is placing a huge premium on the price of oil.
';How much per barrel?'; Keteyian asked.
';Well, there have been various estimates - anywhere from 25 percent to 50 percent,'; Greenberger said.
http://www.cbsnews.com/stories/2008/06/1鈥?/a>
WASHINGTON, June 18 (Reuters) - Sen. Joseph Lieberman on Wednesday unveiled three draft legislative proposals aimed at limiting speculation in crude oil futures markets, including one that would ban participation by big institutional investors.
The Senate Homeland Security and Governmental Affairs Committee, which Lieberman chairs, will hold a hearing on the bills on June 24. Walter Lukken, acting chairman of the U.S. Commodity Futures Trading Commission, is expected to attend.
One proposal would ban pension funds and institutional investors with more than $500 million in assets from futures markets. Another would set position limits on investment banks like Goldman Sachs (GS.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research) that offer ';swap'; deals as middle-man between two parties that want to take offsetting oil market positions.
The third proposal would force the CFTC to confront speculation that causes prices to rise ';beyond levels justified by the market fundamentals.';
Lieberman and Sen. Susan Collins, Maine Republican, said they want to propose formal legislation after the July 4th congressional recess that Congress can weigh before the end of the year.
U.S. regulators are feeling heat to limit speculation in commodities markets, which U.S. lawmakers see as a prime mover behind the surge of nearly 40 percent in crude oil prices since January to record highs near $140 a barrel.
';A certain amount of speculation in this market helps the physical traders but the speculators are now dominating the commodities markets,'; Lieberman, an independent from Connecticut, said at a press conference.
http://uk.reuters.com/article/oilRpt/idU鈥?/a>Can any dem prove that oil prices are NOT determined by supply and demand?
Here is an interesting fact for you:
In the last year overall US gas consumption has decreased by 3% (that means less gas used, more supply available)
In that same time frame the price of gas at the pump has increased by about 35%.
The oil and gas market is not ruled by supply and demand.
high oil prices are the result of speculation because the margins are super low for oil compared to stocks
the end
hugs!
I'm a dem, and I believe oil prices are controlled by 3 things:
Supply
Demand
Profit!
What will happen if oil supply get exhausted?
the world would be in chaos if it happened suddenly. Basically everything and everyone would be scrambling to get 'alternative fuels'. everything would skyrocket in price due to lack of fuel and other petroleum products (plastics too!).
craziness.What will happen if oil supply get exhausted?
we would have to change to a different source of energy, cars would have be electric and the power stations would have to run off coal, gas or nuclear.
i reckon fusion will be viable long before oil runs out, once we have fusion the worlds energy problems are over.
there is no shortage of oil... it's really the big companies telling us this so that they can play around with the price.
this guys book is amazing, there is more oil in alaska than saudi arabia..... he also predicted that oil would go to
50 dollars a barrel from 147 back in july.... and that's exactly what happened.
http://www.reformation.org/energy-non-cr鈥?/a>
craziness.What will happen if oil supply get exhausted?
we would have to change to a different source of energy, cars would have be electric and the power stations would have to run off coal, gas or nuclear.
i reckon fusion will be viable long before oil runs out, once we have fusion the worlds energy problems are over.
there is no shortage of oil... it's really the big companies telling us this so that they can play around with the price.
this guys book is amazing, there is more oil in alaska than saudi arabia..... he also predicted that oil would go to
50 dollars a barrel from 147 back in july.... and that's exactly what happened.
http://www.reformation.org/energy-non-cr鈥?/a>
If Iran cuts off the oil supply, how high will gasoline prices get?
$10 A GALLONIf Iran cuts off the oil supply, how high will gasoline prices get?
hmm more than your house payments or rent to fill your car
hmm more than your house payments or rent to fill your car
What will be the impact on aggregate supply and demand if there is an increase in the price of imported oil?
What will shift left and right?What will be the impact on aggregate supply and demand if there is an increase in the price of imported oil?
Aggregate supply will increase, because sellers will sell more for a higher price.What will be the impact on aggregate supply and demand if there is an increase in the price of imported oil?
as with any commodity price (oil, corn, wheat), an increase in price will shift AS to the left, just as Norm stated previously. All this happening in the short run of course, unless this shift creates cost push inflation/stagflation, in which your demand curve will also shift left to compensate, creating a better homeostasis between unemployment and inflation.
the short term aggregate supply curve will become steeper and move to the left as the costs of production rise.
aggregate demand should not be effected in the short term and will remain at the same level; everything else equal.
this should lead to an increase in price; and a decrease in quantity supplied. ie: stagflation. that is the current fear and historically happened in the 1970s during a period of dramatic oil price rises.
Aggregate supply will increase, because sellers will sell more for a higher price.What will be the impact on aggregate supply and demand if there is an increase in the price of imported oil?
as with any commodity price (oil, corn, wheat), an increase in price will shift AS to the left, just as Norm stated previously. All this happening in the short run of course, unless this shift creates cost push inflation/stagflation, in which your demand curve will also shift left to compensate, creating a better homeostasis between unemployment and inflation.
the short term aggregate supply curve will become steeper and move to the left as the costs of production rise.
aggregate demand should not be effected in the short term and will remain at the same level; everything else equal.
this should lead to an increase in price; and a decrease in quantity supplied. ie: stagflation. that is the current fear and historically happened in the 1970s during a period of dramatic oil price rises.
Will the world go to war over the food supply as we are over oil shortages within 50 years?
We can always create an alternative to oil as a fuel. But what about food? There is no alternative to food and will never be an alternative to food. And I highly doubt our scientist will create some Magic-Soil that will give us abundant crops. Someday we are bound to fight the war to end all wars over the food supplies. I believe that will be Armegeddon Day.Will the world go to war over the food supply as we are over oil shortages within 50 years?
we will have to depend on roots or insects....as food like the earlymen.....Will the world go to war over the food supply as we are over oil shortages within 50 years?
No we will win that war.
Wars have been fought over food for thousands of years, and I suppose that will continue.
start gardening . eventually there will be a need to grow some of your own food. isnt that how we started by raising our own , we didnt need to package ,,and pollute with all the wrappers sure some things became so convenient that we chose to buy instead of grow our own.which was converted into us becoming lazy and not realizing we needed to keep up with our own nature.
We are not now at war over oil..
Islamofaschist terrorism has nothing to do with oil...
We will probably not go to war over food in 50 yrs..
All food is renewable it can be grown or raised from current stocks so I don't see that being a problem barring some ecological catastrophe
Yeah ! i think there is going to be a fight for food in the future. We can already see some of the fights arising in many of the Drought - prone areas of India .
War is inevitable, look back in history WW1 was the ';war to end all wars'; then 10 years later after the major countries of the world signed a treaty outlawing war we went to ww2, there will always be wars, we just have to try to prevent them, but yes, rescources have always been driving factors of war and always will be
if there is shortages .......................... yes,
I dont believe that the world will go to war over food supplies in the next 50 years. I mean if worse comes to worse all that will happen is we stop feeding so much grain to livestock and give a higher percentage of it to humans. What you have to worry about is war over water. Already today there are over 100 small conflicts going on over water supplies.
Go to DisneyWorld/Orlando to their FutureWorld part of the multi-themed park. They have one ';ride'; that comprises of going by boat thru a maze of plants growing out of tiny jars of soil - growing vertically. They have a restaurant that prepares meals from the veggies grown there. That is one of probably multiple ideas being worked on today to make best use of space, since acreage is becoming more %26amp; more scarce.
I believe, that with 6 billion people worldwide to feed now, that not only is food going to become a 'hotspot' for economic wars, but also the fight for water - clean reusable water for drinking, cooking and watering these crops.
I am certain that there will be many issues that will contribute to massive world wars in the future, but I just draw on the Bible for those last days. All else is speculation. I can't see it as soon as 50 yrs, but since the world is changing almost hourly, then there may be some possibility that in as few as 50 yrs we will have to face some economic calamities.
If this really bothers you, and you are young and of college age, why not start taking some classes to learn more about this, and perhaps have your degree in science research to help us all? We accomplish nothing by wailing %26amp; belly-aching about things. Make waves %26amp; make changes!!!
042707 2:09
i dont know about armagedon....but we will also be fighting over water soon...with the population groth we will all be fighting for survival.only the strong will survive
we will have to depend on roots or insects....as food like the earlymen.....Will the world go to war over the food supply as we are over oil shortages within 50 years?
No we will win that war.
Wars have been fought over food for thousands of years, and I suppose that will continue.
start gardening . eventually there will be a need to grow some of your own food. isnt that how we started by raising our own , we didnt need to package ,,and pollute with all the wrappers sure some things became so convenient that we chose to buy instead of grow our own.which was converted into us becoming lazy and not realizing we needed to keep up with our own nature.
We are not now at war over oil..
Islamofaschist terrorism has nothing to do with oil...
We will probably not go to war over food in 50 yrs..
All food is renewable it can be grown or raised from current stocks so I don't see that being a problem barring some ecological catastrophe
Yeah ! i think there is going to be a fight for food in the future. We can already see some of the fights arising in many of the Drought - prone areas of India .
War is inevitable, look back in history WW1 was the ';war to end all wars'; then 10 years later after the major countries of the world signed a treaty outlawing war we went to ww2, there will always be wars, we just have to try to prevent them, but yes, rescources have always been driving factors of war and always will be
if there is shortages .......................... yes,
I dont believe that the world will go to war over food supplies in the next 50 years. I mean if worse comes to worse all that will happen is we stop feeding so much grain to livestock and give a higher percentage of it to humans. What you have to worry about is war over water. Already today there are over 100 small conflicts going on over water supplies.
Go to DisneyWorld/Orlando to their FutureWorld part of the multi-themed park. They have one ';ride'; that comprises of going by boat thru a maze of plants growing out of tiny jars of soil - growing vertically. They have a restaurant that prepares meals from the veggies grown there. That is one of probably multiple ideas being worked on today to make best use of space, since acreage is becoming more %26amp; more scarce.
I believe, that with 6 billion people worldwide to feed now, that not only is food going to become a 'hotspot' for economic wars, but also the fight for water - clean reusable water for drinking, cooking and watering these crops.
I am certain that there will be many issues that will contribute to massive world wars in the future, but I just draw on the Bible for those last days. All else is speculation. I can't see it as soon as 50 yrs, but since the world is changing almost hourly, then there may be some possibility that in as few as 50 yrs we will have to face some economic calamities.
If this really bothers you, and you are young and of college age, why not start taking some classes to learn more about this, and perhaps have your degree in science research to help us all? We accomplish nothing by wailing %26amp; belly-aching about things. Make waves %26amp; make changes!!!
042707 2:09
i dont know about armagedon....but we will also be fighting over water soon...with the population groth we will all be fighting for survival.only the strong will survive
How do start palm oil trading business. I am from Nigeria and I have access to supply from my home town.?
You should have correct information if you want to make money with work from home . You can did program that I use to make good income every months. It works fast and It will work for you too. You can find more information from http://bit.ly/ijdfnbod57can dogs eat celery
Question, are the rising gas prices REALLY because of oil executives, or because demand is high&supply is low?
Everyone is blaming the big oil companies for the prices, and I have gotten a lot of e-mails saying we need to boycott the gas stations (which I honestly can't afford to do). But is it really their fault, or is it because the supply is running low? When I was back in school, they did teach us in one of my science classes, that eventually we would run out of oil..... Is that what's happening now, or is it really due to the companies?Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
It is partly because of both. The OPEC is usually the one that tries to control prices. OPEC are the biggest countries and firms of the oil industry and they come together to control supply. They basically act as a monopolistic firm and if you didn't know, monopolistic firms have control of product prices. They basically set a price and output where they can 'maximize profit'.
This price and output is also dependent on the Demand Curve which is very high and results in higher prices. So it is partly due to both the oil execs and demand. Also understand that OPEC is a profit maximizing entity with monopolistic characteristics so they will do all they can to raise prices, by controling supply.Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
Yep, it's the simple answer...
Oil is a finite resource that we are using up faster and faster - prices have to go up!
The answer does lie in us, the oil users. If we stopped using so much oil then prices would drop (for a while, it's still finite!).
One thing I found amusing is that there are so many complaints on this forum - which is largely Americans and Canadians - about high gas prices when:
a) Americans are paying far lower prices for gas than the rest of the world and
b) Use far more of the stuff per person and hence are the biggest reason for the price increases in the first place
Kind of like looking around to see who to blame for your headache when you're the one banging your head against the wall!
oil execs.
Ok this is something that my husband and I were talking about the other day. When anything happens gas, prices go up. I personally see two things (maybe I am missing something).
First, if things are so bad that you have to raise the prices then why the heck are the industry profits going up? Why not level your profit ratio and keep gas rates within reason? oppps that is a commy idea, don't shoot me. Though capitalism only works if there are consumers. When the consumers can't afford your product then you lose future profits. The concept of securing your future is out and getting greedy for instant buck is in.
The second thing is the price of crude oil is going up because we have manage to weaken our dollar to the point where it is falling to the peso. The exchange rate is where it takes more of our currency to exchange for currencies. Heck, the Canadian dollar was worth more than our dollar the last time I checked. (Makes me wish our currency still was backed by gold and if our greenback be a worthless piece of paper/cloth like, for the lack of a better example, a confederate dollar.) This makes investors look at other ways to secure their investments and oil is one of them.
I also question the situation and wonder if it is not the age old now illegal thing called war profiteering. I thought this administration would learn their lesson on this since Prescott Bush got busted selling war supplies to Germany during WWII.
Maybe it is just me, but things are falling fast and there is no FDR in sight. Hoovers everywhere I look. Just hold on to your shirt, be smart, and enjoy the ride
I hope my semi-educated ramblings made sense.
Kelson127's wife.
This is to the person below me, the US is a big place, further to commute. Like the old saying goes: 100 years is a long time for an American and 100 miles is a long drive for an European.
It is partly because of both. The OPEC is usually the one that tries to control prices. OPEC are the biggest countries and firms of the oil industry and they come together to control supply. They basically act as a monopolistic firm and if you didn't know, monopolistic firms have control of product prices. They basically set a price and output where they can 'maximize profit'.
This price and output is also dependent on the Demand Curve which is very high and results in higher prices. So it is partly due to both the oil execs and demand. Also understand that OPEC is a profit maximizing entity with monopolistic characteristics so they will do all they can to raise prices, by controling supply.Question, are the rising gas prices REALLY because of oil executives, or because demand is high%26amp;supply is low?
Yep, it's the simple answer...
Oil is a finite resource that we are using up faster and faster - prices have to go up!
The answer does lie in us, the oil users. If we stopped using so much oil then prices would drop (for a while, it's still finite!).
One thing I found amusing is that there are so many complaints on this forum - which is largely Americans and Canadians - about high gas prices when:
a) Americans are paying far lower prices for gas than the rest of the world and
b) Use far more of the stuff per person and hence are the biggest reason for the price increases in the first place
Kind of like looking around to see who to blame for your headache when you're the one banging your head against the wall!
oil execs.
Ok this is something that my husband and I were talking about the other day. When anything happens gas, prices go up. I personally see two things (maybe I am missing something).
First, if things are so bad that you have to raise the prices then why the heck are the industry profits going up? Why not level your profit ratio and keep gas rates within reason? oppps that is a commy idea, don't shoot me. Though capitalism only works if there are consumers. When the consumers can't afford your product then you lose future profits. The concept of securing your future is out and getting greedy for instant buck is in.
The second thing is the price of crude oil is going up because we have manage to weaken our dollar to the point where it is falling to the peso. The exchange rate is where it takes more of our currency to exchange for currencies. Heck, the Canadian dollar was worth more than our dollar the last time I checked. (Makes me wish our currency still was backed by gold and if our greenback be a worthless piece of paper/cloth like, for the lack of a better example, a confederate dollar.) This makes investors look at other ways to secure their investments and oil is one of them.
I also question the situation and wonder if it is not the age old now illegal thing called war profiteering. I thought this administration would learn their lesson on this since Prescott Bush got busted selling war supplies to Germany during WWII.
Maybe it is just me, but things are falling fast and there is no FDR in sight. Hoovers everywhere I look. Just hold on to your shirt, be smart, and enjoy the ride
I hope my semi-educated ramblings made sense.
Kelson127's wife.
This is to the person below me, the US is a big place, further to commute. Like the old saying goes: 100 years is a long time for an American and 100 miles is a long drive for an European.
If Oil is set by supply & demand economics, why is Bush begging the Saudis to increase oil production?
Is it that simple? Why didn't he beg them three months ago?If Oil is set by supply %26amp; demand economics, why is Bush begging the Saudis to increase oil production?
I don't buy anything when it comes to oil prices. its not based on Saudis, its not based on supply and demand, its based PURELY on Speculation.
DID you know that Oil is only 86 dollars a barrel but the reason they say its 124 is because of future contracts for oils.
We have more than enough resources in the US to increase oil products without going to Alaska. FACT! If we just added 3 -5 refineries in the US, in 5 years we could use the production to counter the demand of China and India. So again the record prices have NOTHING to do with supply and demand!
The reason what oil is going up is because the investors want prices to go up. I mean what other industry can guarantee such returns based on the hypotheticals. The fact is anybody can make oil prices go up. All one has to do is dress like some crazy Islamic (not even be one just look like one) and walk around an oil refinery or well. He will be spotted and reported and boom Oil is up 5 percent!
Thats how oil prices work do not believe anything else. And after a while they figure paying a guy to dress like an Islamic is too much. So then they just pull S*** out of their ***! There just happy we don't understand farsi or arabic.If Oil is set by supply %26amp; demand economics, why is Bush begging the Saudis to increase oil production?
With India and China consuming more and more, it has been and will continue to be a supply and demand issue, and the price being set by OPEC. The problem is that most people do not understand supply and demand economics and what the structure is of the cost of gas per gallon. Do you know that we are using more oil now than EVER before! People are driving at an alarming rate. Do you realize how much petroleum鈥檚 used in making plastics and then how many things we use are made of plastics? The oil company makes about 12 cents a gallon as profit. The rest is made up of Federal and State taxes, the cost of exploration and the cost of production, Refining and then the cost of the additives that we have to put in the gas (we call it designer gas, thanks to the environmentalist wacko's). Do you know that we have not built a refinery in almost 60 years? (thanks again environmentalist). The refineries that we have are working at capacity and that is not enough to keep up with demand. Do you know that we hardly get any oil from the Middle East? Yes we are not in Iraq for oil, they have enough to export but not as much as you think. Even iran imports most of their oil. Most people think that is where it all comes from. Not true. We get our oil form Canada, Mexico, Venezuela and Africa, in that order. What we get from Saudi is a very small %. You want the cost of gas to drop....STOP driving or at the very least cut back 10% and you'll see gas prices drop. In addition to that we need to open up the ANWR for drilling and off our coasts and the Gulf, as well as exploit the new found pools in the Wyoming Range (thanks again environmentalist) OR come up with an alternate fuel. Even if you had a viable economic alternative fuel source, the production and the distribution of it is decades away. Wake up people, cut back!
He is begging them to increase the supply, increased supply will lower price. As to the timing, he can now argue that our economy is being hurt, which will in turn hurt their economy. Or maybe he just really does care about the people of this country (despite what the media says) and sees things getting worse.
Or maybe he doesn't want us cutting back on our usage (due to high cost), maybe he is pro-global warming and wants people to burn as much oil as possible. According to Al Gore's book, ';Earth in the Balance';, the best thing that could happen as far as the environment goes, would be $8 a gallon gasoline.
Maybe he wants to buy an SUV.
But really, why would they comply?
It's in their best interest to increase prices.
Maybe we should all trade in our big cars for smaller ones...would it really be that horrible.
That alone would be likely to tip the scales in our direction and there would once again be enough oil and the prices could go down without having to bed to anyone.
Yes, I know I made a typo above...it just seems more like we are bedding them than begging them sometimes.
He did ask them two months ago and in December as well . . . asking the Saudis to increase production increase supply which in theory lowers the price . . .
He is just assuring them that they will get all the money from the US, just keep raising the dollar of a barrel...they will beg me to open the reserves %26amp; then I will make lots of money too!!
he has asked them several times to increase oil production
He did and so did Chaney... Increased usage in China and India is causing the price to go up..
I don't buy anything when it comes to oil prices. its not based on Saudis, its not based on supply and demand, its based PURELY on Speculation.
DID you know that Oil is only 86 dollars a barrel but the reason they say its 124 is because of future contracts for oils.
We have more than enough resources in the US to increase oil products without going to Alaska. FACT! If we just added 3 -5 refineries in the US, in 5 years we could use the production to counter the demand of China and India. So again the record prices have NOTHING to do with supply and demand!
The reason what oil is going up is because the investors want prices to go up. I mean what other industry can guarantee such returns based on the hypotheticals. The fact is anybody can make oil prices go up. All one has to do is dress like some crazy Islamic (not even be one just look like one) and walk around an oil refinery or well. He will be spotted and reported and boom Oil is up 5 percent!
Thats how oil prices work do not believe anything else. And after a while they figure paying a guy to dress like an Islamic is too much. So then they just pull S*** out of their ***! There just happy we don't understand farsi or arabic.If Oil is set by supply %26amp; demand economics, why is Bush begging the Saudis to increase oil production?
With India and China consuming more and more, it has been and will continue to be a supply and demand issue, and the price being set by OPEC. The problem is that most people do not understand supply and demand economics and what the structure is of the cost of gas per gallon. Do you know that we are using more oil now than EVER before! People are driving at an alarming rate. Do you realize how much petroleum鈥檚 used in making plastics and then how many things we use are made of plastics? The oil company makes about 12 cents a gallon as profit. The rest is made up of Federal and State taxes, the cost of exploration and the cost of production, Refining and then the cost of the additives that we have to put in the gas (we call it designer gas, thanks to the environmentalist wacko's). Do you know that we have not built a refinery in almost 60 years? (thanks again environmentalist). The refineries that we have are working at capacity and that is not enough to keep up with demand. Do you know that we hardly get any oil from the Middle East? Yes we are not in Iraq for oil, they have enough to export but not as much as you think. Even iran imports most of their oil. Most people think that is where it all comes from. Not true. We get our oil form Canada, Mexico, Venezuela and Africa, in that order. What we get from Saudi is a very small %. You want the cost of gas to drop....STOP driving or at the very least cut back 10% and you'll see gas prices drop. In addition to that we need to open up the ANWR for drilling and off our coasts and the Gulf, as well as exploit the new found pools in the Wyoming Range (thanks again environmentalist) OR come up with an alternate fuel. Even if you had a viable economic alternative fuel source, the production and the distribution of it is decades away. Wake up people, cut back!
He is begging them to increase the supply, increased supply will lower price. As to the timing, he can now argue that our economy is being hurt, which will in turn hurt their economy. Or maybe he just really does care about the people of this country (despite what the media says) and sees things getting worse.
Or maybe he doesn't want us cutting back on our usage (due to high cost), maybe he is pro-global warming and wants people to burn as much oil as possible. According to Al Gore's book, ';Earth in the Balance';, the best thing that could happen as far as the environment goes, would be $8 a gallon gasoline.
Maybe he wants to buy an SUV.
But really, why would they comply?
It's in their best interest to increase prices.
Maybe we should all trade in our big cars for smaller ones...would it really be that horrible.
That alone would be likely to tip the scales in our direction and there would once again be enough oil and the prices could go down without having to bed to anyone.
Yes, I know I made a typo above...it just seems more like we are bedding them than begging them sometimes.
He did ask them two months ago and in December as well . . . asking the Saudis to increase production increase supply which in theory lowers the price . . .
He is just assuring them that they will get all the money from the US, just keep raising the dollar of a barrel...they will beg me to open the reserves %26amp; then I will make lots of money too!!
he has asked them several times to increase oil production
He did and so did Chaney... Increased usage in China and India is causing the price to go up..
What is the 'real' reason this Country (USA) doesn't use more of our own oil supply?
Because ';we're'; not allowing drilling in ANWR or off our coasts, and new refineries haven't been built in decades. If you had to buy most of your raw product from someone overseas and then process it through limited refinery output, how do you think that would work for you?
The GOVERNMENT makes more on a gallon of gas than the oil companies do.What is the 'real' reason this Country (USA) doesn't use more of our own oil supply?
Environmentalists have no say in anything. The EPA and the World Wildlife Fund among others are funded directly by the Rockefeller Foundation. The Rockefeller family owns controlling stock in some of the largest Oil and Energy companies in the world! I hope you all see the irony in this, please tell me you do!
This is about creating artificial scarcity so that a small group of men can manipulate energy prices and availability AT WILL. You really think a bunch of hippies are somehow stopping them from drilling in Alaska? Give me a break! If they wanted to drill in Alaska, they would drill in Alaska, and that's just how it is. You people really need to understand what is going on behind the scenes, not just what they show you on CNN.What is the 'real' reason this Country (USA) doesn't use more of our own oil supply?
A plan to destroy the USA to merge it in the NWO.http://www.jeremiahproject.com/newworldo鈥?/a> http://www.constitution.org/col/cuddy_nw鈥?/a> http://www.stopthenorthamericanunion.com鈥?/a> http://www.ridingthebeast.com/articles/v鈥?/a>
lol at everyone who said ';environmentalists and liberals.';
That's exactly what the oil companies WANT you to think. You people are so gullible.
Short answer, corporations run our government. Do you honestly think the 'powers that be' allow themselves to be influenced by environmentalists?
The oil companies must maintain artificial scarcity for numerous reasons.
This should be OBVIOUS!!!
Because the liberal democrats are more concerned with saving trees than drilling for the oil that we have available. Alaska has oil but we cannot get to it because the land is protected. How freeking stupid is that? Democrats are idiots.
environmentalist or my favorite, we are using the worlds oil so when it all dries up, we will be in the same position as a saudi arabia or iraq, king of the oil ma', king of the oil.
Environmental lobbyists petition (perhaps bribe) politicians to prevent domestic oil exploration and building of refineries.
Environmentalists/Democrats have a lot of influence, they control congress right now.
Two words: Environmentalist Wackos.
The GOVERNMENT makes more on a gallon of gas than the oil companies do.What is the 'real' reason this Country (USA) doesn't use more of our own oil supply?
Environmentalists have no say in anything. The EPA and the World Wildlife Fund among others are funded directly by the Rockefeller Foundation. The Rockefeller family owns controlling stock in some of the largest Oil and Energy companies in the world! I hope you all see the irony in this, please tell me you do!
This is about creating artificial scarcity so that a small group of men can manipulate energy prices and availability AT WILL. You really think a bunch of hippies are somehow stopping them from drilling in Alaska? Give me a break! If they wanted to drill in Alaska, they would drill in Alaska, and that's just how it is. You people really need to understand what is going on behind the scenes, not just what they show you on CNN.What is the 'real' reason this Country (USA) doesn't use more of our own oil supply?
A plan to destroy the USA to merge it in the NWO.http://www.jeremiahproject.com/newworldo鈥?/a> http://www.constitution.org/col/cuddy_nw鈥?/a> http://www.stopthenorthamericanunion.com鈥?/a> http://www.ridingthebeast.com/articles/v鈥?/a>
lol at everyone who said ';environmentalists and liberals.';
That's exactly what the oil companies WANT you to think. You people are so gullible.
Short answer, corporations run our government. Do you honestly think the 'powers that be' allow themselves to be influenced by environmentalists?
The oil companies must maintain artificial scarcity for numerous reasons.
This should be OBVIOUS!!!
Because the liberal democrats are more concerned with saving trees than drilling for the oil that we have available. Alaska has oil but we cannot get to it because the land is protected. How freeking stupid is that? Democrats are idiots.
environmentalist or my favorite, we are using the worlds oil so when it all dries up, we will be in the same position as a saudi arabia or iraq, king of the oil ma', king of the oil.
Environmental lobbyists petition (perhaps bribe) politicians to prevent domestic oil exploration and building of refineries.
Environmentalists/Democrats have a lot of influence, they control congress right now.
Two words: Environmentalist Wackos.
Why wouldn't a corrupt geneticist dev. an oil eating microbe > threaten the oil supply -> ask big $$$ to stop?
Don't they dev. these little critters *already* for oil spills?Why wouldn't a corrupt geneticist dev. an oil eating microbe %26gt; threaten the oil supply -%26gt; ask big $$$ to stop?
Supervillains already do this.Why wouldn't a corrupt geneticist dev. an oil eating microbe %26gt; threaten the oil supply -%26gt; ask big $$$ to stop?
Don't worry a comic book hero will save the day.
Supervillains already do this.Why wouldn't a corrupt geneticist dev. an oil eating microbe %26gt; threaten the oil supply -%26gt; ask big $$$ to stop?
Don't worry a comic book hero will save the day.
Who can supply soybean oil in flexi tank loads to cork port in ireland from usa or south america?
what is the soyabean oil for?
why not eu rapeseed oil? that is a better oil for most purposes.
why not eu rapeseed oil? that is a better oil for most purposes.
How does more drilling work when we own 3% of the world's oil but consume 1/4 of the world's supply?
Separate studies by the House Committee on Natural Resources and the Wilderness Society, a conservation group, show that roughly three-quarters of the 90 million-plus acres of federal land being leased by the oil companies onshore and off are not being used to produce energy. That is 68 million acres altogether, among them potentially highly productive leases in the Gulf of Mexico and Alaska.How does more drilling work when we own 3% of the world's oil but consume 1/4 of the world's supply?
FINALLY! Now someone is talking sense. Drilling for oil will not bring down the price of gasoline. It will take at least two years for those new wells to come up to full capacity and by then the world demand for oil will have increased. Not only that, the oil will inevitably end up on the world market, since deregulation ensures that market forces dictate the price (not cost) thru speculators who determine where the oil goes.How does more drilling work when we own 3% of the world's oil but consume 1/4 of the world's supply?
You are allowing Democrats and tree huggers to blow smoke up your nose. The coalition of energy companies has been running a public service announcement, which states that we have enough oil in the US reserves to power 60 million cars for 60 years and enough natural gas to heat 160 million homes for 60 years.
In the outer continental shelf, the estimated reserves are 68 billion barrels of oil. Congress will not let oil companies drill for it.
The claim about oil leases is more smoke screen. Oil companies are not going to drill where there is no oil.
After we go get it, its going to take time to refine it you're looking at probrably 15 years if we started tomorrow.
How about using intelligence to find a better source of oil, i mean hemp oil grows from the ground takes 6 months to mature and can be used for all the samethings that crude oil can be used for.
It takes crude oil about 6 million years to mature, it takes hemp 6 months to grow. I'm no genious our government is well aware of this fact, but greed is a major factor.
Your 3% figure is based only on the permitted land that the government uses for its estimates. There are over 50 million acres of land where known oil exists that the government does not include in its figures.
Ten years ago people said the same thing you are and guess what?
We still get our oil from the most screwed up part of the world.
Instead of kissing butt in the middle east we need to take as much control of our own destiny as we can.
Drill, here, drill now!
You answered your own question. 90 million plus acres of federal land being leased by the oil companies onshore and 'OFF'; are not being used. Why/ Because we have a ban on drilling. If we lift the ban we will NOT have enough oil to stop buying foreign oil, but we could buy LESS. We also need to find alternative sources, but we do need to drill for oil here too.
';House Committee on Natural Resources and the Wilderness Society, a conservation group';
You don't think that they have a kind of bias in their reporting do you?
Face it you don't like being thrown under the bus because people really want cheaper gas over the supposed threat to the envoirment.
It increases supply. Oil prices fell yesterday because China is reducing subsidies on gasoline in China ( increasing gas prices which will reduce demand ).
Supply and demand:
The economic theory of market value where price is determined by the interaction of sellers and buyers to reach an equilibrium price which both are willing to accept.
http://www.smallbusinessdictionary.com
Yes that's right
and
The Oil Companies wanted those leases because they look like the Best possible sites for new production.
(6x better than ANWAR says the oil companies own experts)
The oil companies know that all the drilling in the world wont bring down prices now.
Subject: JOE, AMERICAN
THIS IS DEFINITELY WORTH PASSING ALONG IF YOU AGREE! I DO!
http://www.youtube.com/watch?v=ZPch2k63u鈥?/a>
--------------------------------------鈥?br>
Instantly invite friends from Facebook and other social networks to join you on Windows Live鈩?Messenger. Invite friends now
It doen't it takes a long time to drill and there's a shortage of oil rigs. The solution is to look for alternate sources of energy and price controls
It makes the people in Texas rich and that's all Bush ever cared about was the millionaires. His buddy's are the only people who benefitted from his reign and this is the best exit strategy he could pull off.
More drilling works, cuz we'd have more oil than we have now.
You have heard of supply and demand, well we'd be increasing supply.
There isn't a shortage but it would increase supply thus supposedly lowering prices (hahaha).
it doesn't. this is just a last ditch effort to give big oil what they've been wanting for a long time.
Its just ANOTHER way for the G O P and Bush to funnel EVEN MORE MONEY into the oil men in Texas's bank accounts
I think that is only one side of the story.can dogs eat celery
FINALLY! Now someone is talking sense. Drilling for oil will not bring down the price of gasoline. It will take at least two years for those new wells to come up to full capacity and by then the world demand for oil will have increased. Not only that, the oil will inevitably end up on the world market, since deregulation ensures that market forces dictate the price (not cost) thru speculators who determine where the oil goes.How does more drilling work when we own 3% of the world's oil but consume 1/4 of the world's supply?
You are allowing Democrats and tree huggers to blow smoke up your nose. The coalition of energy companies has been running a public service announcement, which states that we have enough oil in the US reserves to power 60 million cars for 60 years and enough natural gas to heat 160 million homes for 60 years.
In the outer continental shelf, the estimated reserves are 68 billion barrels of oil. Congress will not let oil companies drill for it.
The claim about oil leases is more smoke screen. Oil companies are not going to drill where there is no oil.
After we go get it, its going to take time to refine it you're looking at probrably 15 years if we started tomorrow.
How about using intelligence to find a better source of oil, i mean hemp oil grows from the ground takes 6 months to mature and can be used for all the samethings that crude oil can be used for.
It takes crude oil about 6 million years to mature, it takes hemp 6 months to grow. I'm no genious our government is well aware of this fact, but greed is a major factor.
Your 3% figure is based only on the permitted land that the government uses for its estimates. There are over 50 million acres of land where known oil exists that the government does not include in its figures.
Ten years ago people said the same thing you are and guess what?
We still get our oil from the most screwed up part of the world.
Instead of kissing butt in the middle east we need to take as much control of our own destiny as we can.
Drill, here, drill now!
You answered your own question. 90 million plus acres of federal land being leased by the oil companies onshore and 'OFF'; are not being used. Why/ Because we have a ban on drilling. If we lift the ban we will NOT have enough oil to stop buying foreign oil, but we could buy LESS. We also need to find alternative sources, but we do need to drill for oil here too.
';House Committee on Natural Resources and the Wilderness Society, a conservation group';
You don't think that they have a kind of bias in their reporting do you?
Face it you don't like being thrown under the bus because people really want cheaper gas over the supposed threat to the envoirment.
It increases supply. Oil prices fell yesterday because China is reducing subsidies on gasoline in China ( increasing gas prices which will reduce demand ).
Supply and demand:
The economic theory of market value where price is determined by the interaction of sellers and buyers to reach an equilibrium price which both are willing to accept.
http://www.smallbusinessdictionary.com
Yes that's right
and
The Oil Companies wanted those leases because they look like the Best possible sites for new production.
(6x better than ANWAR says the oil companies own experts)
The oil companies know that all the drilling in the world wont bring down prices now.
Subject: JOE, AMERICAN
THIS IS DEFINITELY WORTH PASSING ALONG IF YOU AGREE! I DO!
http://www.youtube.com/watch?v=ZPch2k63u鈥?/a>
--------------------------------------鈥?br>
Instantly invite friends from Facebook and other social networks to join you on Windows Live鈩?Messenger. Invite friends now
It doen't it takes a long time to drill and there's a shortage of oil rigs. The solution is to look for alternate sources of energy and price controls
It makes the people in Texas rich and that's all Bush ever cared about was the millionaires. His buddy's are the only people who benefitted from his reign and this is the best exit strategy he could pull off.
More drilling works, cuz we'd have more oil than we have now.
You have heard of supply and demand, well we'd be increasing supply.
There isn't a shortage but it would increase supply thus supposedly lowering prices (hahaha).
it doesn't. this is just a last ditch effort to give big oil what they've been wanting for a long time.
Its just ANOTHER way for the G O P and Bush to funnel EVEN MORE MONEY into the oil men in Texas's bank accounts
I think that is only one side of the story.
How long US can survive without world oil supply ?
13.5 SECONDS. GIVE OR TAKE A FEW.How long US can survive without world oil supply ?
We still produce about 50% of our oil domestically. It would be a lot more, if we could drill more in Alaska, the Gulf of Mexico, and the California coast. In addition, we have TONS of shale.
Here's what would happen if the world embargoed the US.
There would be incredible inflation, and economic turmoil, but in a about a year, the automakers would move to save their markets by introducting plug-in hybrids that get +200mpg (existing technology)
Then in a few years, the resources named above would be generating oil, there would be more nuclear plants, additional natural gas and coal gas, and ethanol to supplant foreign oil.
In a few more years, a desperate push would yield hot Fusion power.
Abroad, international oil producers would see their prices collapse and would fall upon desperate times as demand slackened and price wars would ensue between current oil exporters (north sea, russia, venezuela, mid -east) They would all be begging us to come back and boost the price of oil again.
Then we would be totally energy independant because of NEED spawning innovation. This is the history of free markets. The ';invisible hand'; spoken about by Adam Smith would come to the rescue although hard times could not be omitted.
Here's a question: What would the mid east do when we were no longer interested, and they no longer had US oil money, US foreign aid, and US intervention in Israel's self defense reactions?How long US can survive without world oil supply ?
Problally not much but if we can over through the oil companys and set up home biodesel factory we all can live alot better
It is impossible for us to survive without the world oil supply. A lot of people think that the only thing we use oil for is gasoline. That is far from true. Petroleum is also the raw material for many chemical products, including solvents, fertilizers, pesticides, and plastics. So all those liberals that suggest the answer to this problem is by using ethanol, or vegetable oil for cars, let them know that this will not solve our oil dependency ';problem.';
forever if our corrupt oil company owening pollititions will allow the use of more economical and ecological fule sources like hydrogen,and methane
We still produce about 50% of our oil domestically. It would be a lot more, if we could drill more in Alaska, the Gulf of Mexico, and the California coast. In addition, we have TONS of shale.
Here's what would happen if the world embargoed the US.
There would be incredible inflation, and economic turmoil, but in a about a year, the automakers would move to save their markets by introducting plug-in hybrids that get +200mpg (existing technology)
Then in a few years, the resources named above would be generating oil, there would be more nuclear plants, additional natural gas and coal gas, and ethanol to supplant foreign oil.
In a few more years, a desperate push would yield hot Fusion power.
Abroad, international oil producers would see their prices collapse and would fall upon desperate times as demand slackened and price wars would ensue between current oil exporters (north sea, russia, venezuela, mid -east) They would all be begging us to come back and boost the price of oil again.
Then we would be totally energy independant because of NEED spawning innovation. This is the history of free markets. The ';invisible hand'; spoken about by Adam Smith would come to the rescue although hard times could not be omitted.
Here's a question: What would the mid east do when we were no longer interested, and they no longer had US oil money, US foreign aid, and US intervention in Israel's self defense reactions?How long US can survive without world oil supply ?
Problally not much but if we can over through the oil companys and set up home biodesel factory we all can live alot better
It is impossible for us to survive without the world oil supply. A lot of people think that the only thing we use oil for is gasoline. That is far from true. Petroleum is also the raw material for many chemical products, including solvents, fertilizers, pesticides, and plastics. So all those liberals that suggest the answer to this problem is by using ethanol, or vegetable oil for cars, let them know that this will not solve our oil dependency ';problem.';
forever if our corrupt oil company owening pollititions will allow the use of more economical and ecological fule sources like hydrogen,and methane
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