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.
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