May 16th, 2008, 11:43 PM
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#1 (permalink)
| | ATI 4850 FTW!
Join Date: Mar 2005 Location: Midwest
Posts: 5,217
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May 16th, 2008, 11:59 PM
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#2 (permalink)
| | Pump you sucker! Pump!
Join Date: Oct 2001 Location: Sacto, Colliefornia
Posts: 6,904
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Are you living under a rock? India and China have drastically increased their use of fossil fuels, and the supply has remained static.
There are more straws in the same bowl. Got it?
Thank God China isn't involved in US politics, and are free to drill off the coast of Florida in Cuban waters. US companies were invited to bid on oil leases, but we have regulations about doing business with Cuba.
Regarding the Saudi's - oil expert's opinions is that they are tapped out, and production is declining. They see the end of their fortunes in several years, but an end none the less.
They cannot really boost output. Saying "no" is diplomatic speak. Quote: |
Early this week, Senate Democrats introduced a resolution to block $1.4 billion in arms sales to Saudi Arabia unless Riyadh agreed to increase its oil production by 1 million barrels per day.
| The Democrats have a peculiar style of diplomacy, don't they? 
Russia would love to supply them and heal the rift caused by Reagan when he made a deal with the Saudi's to drop the price of oil to the floor. This added one more huge burden on the already overburdened back of the USSR who was exporting oil as the only dependable export!
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Last edited by Chuckiechan : May 17th, 2008 at 12:12 AM.
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May 17th, 2008, 12:45 AM
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#3 (permalink)
| | IBEW Local 2164 Pearl, MS
Join Date: Sep 1999 Location: Jackson,MS
Posts: 3,717
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Originally Posted by Chuckiechan  Are you living under a rock? India and China have drastically increased their use of fossil fuels, and the supply has remained static.
There are more straws in the same bowl. Got it?
Thank God China isn't involved in US politics, and are free to drill off the coast of Florida in Cuban waters. US companies were invited to bid on oil leases, but we have regulations about doing business with Cuba.
Regarding the Saudi's - oil expert's opinions is that they are tapped out, and production is declining. They see the end of their fortunes in several years, but an end none the less.
They cannot really boost output. Saying "no" is diplomatic speak.
The Democrats have a peculiar style of diplomacy, don't they?
Russia would love to supply them and heal the rift caused by Reagan when he made a deal with the Saudi's to drop the price of oil to the floor. This added one more huge burden on the already overburdened back of the USSR who was exporting oil as the only dependable export! | I think it's more like the Arabs want to put the screws to us for invading Iraq and making a mess out of the Middle East. And McBush put the topping on the cake with his foreign policy proposals.
Gotta give 'em( Our Republican Leadership ) credit, when they phuck up, they do it right.
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May 17th, 2008, 01:02 AM
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#4 (permalink)
| | Green-dildo-riding banana
Join Date: Aug 2003 Location: PA, USA
Posts: 16,541
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Originally Posted by #43 fan Oil prices in 2000 were $28. Now it is about $128, or about 4.6 times the price in 2000. | Good. Quote: |
Has Supply and Demand really risen that much?
| It's not a supply/demand thing. It's all about expectations and speculations.
__________________ Send lawyers, guns and money; the shit has hit the fan.
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May 17th, 2008, 01:23 AM
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#5 (permalink)
| | Member
Join Date: May 2008 Location: Montclare VA
Posts: 339
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Saw an interesting report by a couple of experts. We will be going up to $6.00 a gallon in a couple years. China and India markets will be doubling their demand within 10 years. We have 2 choices, be off of oil soon or drill for our own.
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"Vigilant Always"
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May 17th, 2008, 01:27 AM
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#6 (permalink)
| | Kawaru wa yo!
Join Date: Oct 2001 Location: Kingsford, MI
Posts: 15,765
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Good thing the hydrogen economy would cost more the build than relying on $6/gal gasoline.
Oh crap, I brought science into a political thread. My bad! | |
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May 17th, 2008, 01:31 AM
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#7 (permalink)
| | Instigator
Join Date: Oct 2001 Location: Healdsburg, CA
Posts: 9,954
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Hey, at least you didn't bring religion into the thread Whir. 
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May 17th, 2008, 01:37 AM
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#8 (permalink)
| | IBEW Local 2164 Pearl, MS
Join Date: Sep 1999 Location: Jackson,MS
Posts: 3,717
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Originally Posted by Whir Good thing the hydrogen economy would cost more the build than relying on $6/gal gasoline.
Oh crap, I brought science into a political thread. My bad! | You're OK. Science is Controversial. Especially since were facing $6.00 a gallon of gas in the near future. | |
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May 17th, 2008, 01:42 AM
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#9 (permalink)
| | Green-dildo-riding banana
Join Date: Aug 2003 Location: PA, USA
Posts: 16,541
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Originally Posted by Whir Good thing the hydrogen economy would cost more the build than relying on $6/gal gasoline.
Oh crap, I brought science into a political thread. My bad! | What is a "hydrogen economy"? | |
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May 17th, 2008, 01:45 AM
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#10 (permalink)
| | IBEW Local 2164 Pearl, MS
Join Date: Sep 1999 Location: Jackson,MS
Posts: 3,717
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