chgWhy is it some like to pretend that insuring the oil supply isn't a national security issue?
They are only the libs in congress. Simple answer - they have no sense at all.Why is it some like to pretend that insuring the oil supply isn't a national security issue?
Whom are you referring to? I haven't seen anyone in the entire world say that their oil supply is not important to the security of their home country. So, just who is it?
I suppose one form of insurance would be to negotiate right now with Cuba to tap that oil field they discovered. True, it would lead to normalized relations, but what the heck, Castro and his brother can't live forever.
Or, did you mean insure oil supply by taking it away from the soverign nations that control it now? Yeah, that hasn't worked well in Iraq.
So, perhaps you mean we should drill up every drop of US oil so we can burn it off within 40 years or less. Is that what you mean?
Perhaps you mean we could reduce consumption drastically, by investment in non-oil energy sources. Like gas! Let's drill up all the gas we can find and burn it off in our vehicles, doing important things like shopping and hauling one child to soccer practice.
These people believe big oil stole the 100 mpg carburater and the next magic bullet has already been developed.
Thursday, January 7, 2010
Can Americans start kicking the people who used the Supply & Demand theory to defend the oil Corporations ?
Currently, Demands are down.... oil price dropped... but gas price jumped $0.30 in 3-4 daysCan Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
LOL, well, for once I agree with you and made a similar point months ago. But then, I guess we're not as smart as those high priced market economists, huh? That's pretty sad.Can Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
OPEC has cut supply. Demand has remained the same.
Butt whooping time
No change, but ****** Democrats will let the prices go skyward
LOL, well, for once I agree with you and made a similar point months ago. But then, I guess we're not as smart as those high priced market economists, huh? That's pretty sad.Can Americans start kicking the people who used the Supply %26amp; Demand theory to defend the oil Corporations ?
OPEC has cut supply. Demand has remained the same.
Butt whooping time
No change, but ****** Democrats will let the prices go skyward
How much oil wold the USA loose if supply lines were cut off with Iran?
Iran today said that they would cut off oil supply channels if attacked. How much Does the USA get from that area
? I think its alotHow much oil wold the USA loose if supply lines were cut off with Iran?
You ';think'; its a lot? On what do you base that opinion? In fact, the US gets none of its oil from Iran, and that has been true since 1987. However, Iranian oil supplies much of the rest of the West, as well as Japan. A cut-off of Iranian oil would severely impact those countries.How much oil wold the USA loose if supply lines were cut off with Iran?
It's not as easy as all that. Iran is an oil exporter but not an oil refiner. It sends its oil to other countries and the other countries then sell the refined oil on to America.
If Iran were to cut off supplies it would effect the whole world, other countries would try to secure supplies which would mean that there was less to go around and the price would go up. America would not actually loose oil but rather the oil would become much more expensive and many US companies would no longer be able to afford to buy so much.
Of course, what you REALLY need to worry about is not Iran cutting off its own oil production but rather Iran interfering in the supply of oil from other countries.
Iran could make life very difficult for tankers in the Gulf region and beyond. This would effect oil supplies from Iraq, Saudi Arabia and so on. IT wold massively hike the price of oil world wide and would put the US at the mercy of Russia and Latin American oil and gas suppliers.
not any directly...... we dont buy oil from Hugo Chavez, but Mexico does, and we in return buy it from mexico.... yes, a double standard.
so if we get oil from Iran, its not directly....... but where Iran could REALLY cut us off is, if they are able to denominate oil for euro's, that could prompt other OPEC members to jump ship..... remember OPEC is forced to buy back a portion of our national debt in our original agreement in the 1970's.... sooner or later, they are going to bail out on the falling dollar.
this is why Iran is a threat..... it has NOTHING to do with nuclear weapons..... thats old fashioned propoganda.
not much if not any, but Iran does provide alot more gas to the world than oil, so be warned as prices would hike if Iran was attacked
We had better sit down and negotiate with Iran before that happens. I'm sure there are reasonable people in Iran that just need to be listened to.
Iran doesn't have refining capacity so it would cut both ways.
A lot but then Iran would lose the income and fall apart quickly. No money means no food etc. So end of Iran. As usual the Iran leadership does not think beyond its horns.
Iran is full of ****. I wish we could just nuke them and get on with it.
? I think its alotHow much oil wold the USA loose if supply lines were cut off with Iran?
You ';think'; its a lot? On what do you base that opinion? In fact, the US gets none of its oil from Iran, and that has been true since 1987. However, Iranian oil supplies much of the rest of the West, as well as Japan. A cut-off of Iranian oil would severely impact those countries.How much oil wold the USA loose if supply lines were cut off with Iran?
It's not as easy as all that. Iran is an oil exporter but not an oil refiner. It sends its oil to other countries and the other countries then sell the refined oil on to America.
If Iran were to cut off supplies it would effect the whole world, other countries would try to secure supplies which would mean that there was less to go around and the price would go up. America would not actually loose oil but rather the oil would become much more expensive and many US companies would no longer be able to afford to buy so much.
Of course, what you REALLY need to worry about is not Iran cutting off its own oil production but rather Iran interfering in the supply of oil from other countries.
Iran could make life very difficult for tankers in the Gulf region and beyond. This would effect oil supplies from Iraq, Saudi Arabia and so on. IT wold massively hike the price of oil world wide and would put the US at the mercy of Russia and Latin American oil and gas suppliers.
not any directly...... we dont buy oil from Hugo Chavez, but Mexico does, and we in return buy it from mexico.... yes, a double standard.
so if we get oil from Iran, its not directly....... but where Iran could REALLY cut us off is, if they are able to denominate oil for euro's, that could prompt other OPEC members to jump ship..... remember OPEC is forced to buy back a portion of our national debt in our original agreement in the 1970's.... sooner or later, they are going to bail out on the falling dollar.
this is why Iran is a threat..... it has NOTHING to do with nuclear weapons..... thats old fashioned propoganda.
not much if not any, but Iran does provide alot more gas to the world than oil, so be warned as prices would hike if Iran was attacked
We had better sit down and negotiate with Iran before that happens. I'm sure there are reasonable people in Iran that just need to be listened to.
Iran doesn't have refining capacity so it would cut both ways.
A lot but then Iran would lose the income and fall apart quickly. No money means no food etc. So end of Iran. As usual the Iran leadership does not think beyond its horns.
Iran is full of ****. I wish we could just nuke them and get on with it.
Can any dem prove that oil prices are NOT determined by supply and demand?
10 points to the first one of you who can.Can any dem prove that oil prices are NOT determined by supply and demand?
American Airlines praised Congress for focusing on oil-market speculation and the need to lower skyrocketing oil prices, which are having an adverse impact on the airline industry.
The commercial airline applauded Sen. Dick Durbin, D-Ill., and Tom Harkin, D-Iowa, who chaired a hearing to examine oil market speculation.
http://www.bizjournals.com/dallas/storie鈥?/a>
More than 30 percent, experts say, exchanged in so-called ';dark markets,'; the exact size and scope unknown to U.S. regulators.
';If you can trade out of the sight of U.S. regulators, you can manipulate these markets,'; said Michael Greenberger, a former top staffer at the Commodities Futures Trading Commission, or CFTC, which regulates the trading of commodities like oil in this country.
He recently told Congress that speculation is placing a huge premium on the price of oil.
';How much per barrel?'; Keteyian asked.
';Well, there have been various estimates - anywhere from 25 percent to 50 percent,'; Greenberger said.
http://www.cbsnews.com/stories/2008/06/1鈥?/a>
WASHINGTON, June 18 (Reuters) - Sen. Joseph Lieberman on Wednesday unveiled three draft legislative proposals aimed at limiting speculation in crude oil futures markets, including one that would ban participation by big institutional investors.
The Senate Homeland Security and Governmental Affairs Committee, which Lieberman chairs, will hold a hearing on the bills on June 24. Walter Lukken, acting chairman of the U.S. Commodity Futures Trading Commission, is expected to attend.
One proposal would ban pension funds and institutional investors with more than $500 million in assets from futures markets. Another would set position limits on investment banks like Goldman Sachs (GS.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research) that offer ';swap'; deals as middle-man between two parties that want to take offsetting oil market positions.
The third proposal would force the CFTC to confront speculation that causes prices to rise ';beyond levels justified by the market fundamentals.';
Lieberman and Sen. Susan Collins, Maine Republican, said they want to propose formal legislation after the July 4th congressional recess that Congress can weigh before the end of the year.
U.S. regulators are feeling heat to limit speculation in commodities markets, which U.S. lawmakers see as a prime mover behind the surge of nearly 40 percent in crude oil prices since January to record highs near $140 a barrel.
';A certain amount of speculation in this market helps the physical traders but the speculators are now dominating the commodities markets,'; Lieberman, an independent from Connecticut, said at a press conference.
http://uk.reuters.com/article/oilRpt/idU鈥?/a>Can any dem prove that oil prices are NOT determined by supply and demand?
Here is an interesting fact for you:
In the last year overall US gas consumption has decreased by 3% (that means less gas used, more supply available)
In that same time frame the price of gas at the pump has increased by about 35%.
The oil and gas market is not ruled by supply and demand.
high oil prices are the result of speculation because the margins are super low for oil compared to stocks
the end
hugs!
I'm a dem, and I believe oil prices are controlled by 3 things:
Supply
Demand
Profit!can dogs eat celery
American Airlines praised Congress for focusing on oil-market speculation and the need to lower skyrocketing oil prices, which are having an adverse impact on the airline industry.
The commercial airline applauded Sen. Dick Durbin, D-Ill., and Tom Harkin, D-Iowa, who chaired a hearing to examine oil market speculation.
http://www.bizjournals.com/dallas/storie鈥?/a>
More than 30 percent, experts say, exchanged in so-called ';dark markets,'; the exact size and scope unknown to U.S. regulators.
';If you can trade out of the sight of U.S. regulators, you can manipulate these markets,'; said Michael Greenberger, a former top staffer at the Commodities Futures Trading Commission, or CFTC, which regulates the trading of commodities like oil in this country.
He recently told Congress that speculation is placing a huge premium on the price of oil.
';How much per barrel?'; Keteyian asked.
';Well, there have been various estimates - anywhere from 25 percent to 50 percent,'; Greenberger said.
http://www.cbsnews.com/stories/2008/06/1鈥?/a>
WASHINGTON, June 18 (Reuters) - Sen. Joseph Lieberman on Wednesday unveiled three draft legislative proposals aimed at limiting speculation in crude oil futures markets, including one that would ban participation by big institutional investors.
The Senate Homeland Security and Governmental Affairs Committee, which Lieberman chairs, will hold a hearing on the bills on June 24. Walter Lukken, acting chairman of the U.S. Commodity Futures Trading Commission, is expected to attend.
One proposal would ban pension funds and institutional investors with more than $500 million in assets from futures markets. Another would set position limits on investment banks like Goldman Sachs (GS.N: Quote, Profile, Research) and Morgan Stanley (MS.N: Quote, Profile, Research) that offer ';swap'; deals as middle-man between two parties that want to take offsetting oil market positions.
The third proposal would force the CFTC to confront speculation that causes prices to rise ';beyond levels justified by the market fundamentals.';
Lieberman and Sen. Susan Collins, Maine Republican, said they want to propose formal legislation after the July 4th congressional recess that Congress can weigh before the end of the year.
U.S. regulators are feeling heat to limit speculation in commodities markets, which U.S. lawmakers see as a prime mover behind the surge of nearly 40 percent in crude oil prices since January to record highs near $140 a barrel.
';A certain amount of speculation in this market helps the physical traders but the speculators are now dominating the commodities markets,'; Lieberman, an independent from Connecticut, said at a press conference.
http://uk.reuters.com/article/oilRpt/idU鈥?/a>Can any dem prove that oil prices are NOT determined by supply and demand?
Here is an interesting fact for you:
In the last year overall US gas consumption has decreased by 3% (that means less gas used, more supply available)
In that same time frame the price of gas at the pump has increased by about 35%.
The oil and gas market is not ruled by supply and demand.
high oil prices are the result of speculation because the margins are super low for oil compared to stocks
the end
hugs!
I'm a dem, and I believe oil prices are controlled by 3 things:
Supply
Demand
Profit!
What will happen if oil supply get exhausted?
the world would be in chaos if it happened suddenly. Basically everything and everyone would be scrambling to get 'alternative fuels'. everything would skyrocket in price due to lack of fuel and other petroleum products (plastics too!).
craziness.What will happen if oil supply get exhausted?
we would have to change to a different source of energy, cars would have be electric and the power stations would have to run off coal, gas or nuclear.
i reckon fusion will be viable long before oil runs out, once we have fusion the worlds energy problems are over.
there is no shortage of oil... it's really the big companies telling us this so that they can play around with the price.
this guys book is amazing, there is more oil in alaska than saudi arabia..... he also predicted that oil would go to
50 dollars a barrel from 147 back in july.... and that's exactly what happened.
http://www.reformation.org/energy-non-cr鈥?/a>
craziness.What will happen if oil supply get exhausted?
we would have to change to a different source of energy, cars would have be electric and the power stations would have to run off coal, gas or nuclear.
i reckon fusion will be viable long before oil runs out, once we have fusion the worlds energy problems are over.
there is no shortage of oil... it's really the big companies telling us this so that they can play around with the price.
this guys book is amazing, there is more oil in alaska than saudi arabia..... he also predicted that oil would go to
50 dollars a barrel from 147 back in july.... and that's exactly what happened.
http://www.reformation.org/energy-non-cr鈥?/a>
If Iran cuts off the oil supply, how high will gasoline prices get?
$10 A GALLONIf Iran cuts off the oil supply, how high will gasoline prices get?
hmm more than your house payments or rent to fill your car
hmm more than your house payments or rent to fill your car
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