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!!
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