Oil

[JAMESBJOHNSON]

Oil is on its way to the stars again, now that the ragheads are cutting production.

Increased price decreases demand for just about everything oil is used for. It's legal theft because the contrived scarcity is combined with government complicity to limit production other places...like the eastern Gulf of Mexico and Alaska.

The oil companies tried other manipulations that failed: delaying ship deliveries and fomenting strife in Gaza. Now theyre twisting OPECs arm.

 

[trysail]

Fiction/Opinion:

Oil is on its way to the stars again,

Fact:

now that the ragheads are cutting production.

Fact:

Increased price decreases demand for just about everything oil is used for.

Fact:

It's legal theft because the contrived scarcity is

Fiction/Opinion:

combined with government complicity to

Fact:

limit production other places...like the eastern Gulf of Mexico and Alaska.

Fiction/Opinion/Delusion:

The oil companies tried other manipulations that failed: delaying ship deliveries and fomenting strife in Gaza. Now theyre twisting OPECs arm.

 

[JAMESBJOHNSON]

TRYSAIL

Your hero Warren Buffet sounds like Chicken-Little lately.

I agree that we're in the midst of an economic war, and I agree that its as bad as Buffet says it is. I agree the economy has fallen off the cliff.

And I see 2 consequences nobody is talking about: ORDINARY FOLKS ARE ON THEIR OWN, and GOVERNMENT PLANS TO SEIZE ORDINARY FOLKS ASSETS VIA OUTRIGHT CONFISCATION (FLORIDA WANTS TO LIQUIDATE TRUST FUNDS CREATED TO PRESERVE WILDERNESS, ENSURE COLLEGE TUITION MONEY, ETC) and INFLATION (the BAILOUTS, STIMULATION, and BUDGET).

By next year we'll be wanting to hang politicians.

 

[Lauren Hynde]

I was unaware that there was any significant quantity of oil actually being produced at any given moment. Heh. You live and you learn.

 

[JAMESBJOHNSON]

http://www.reuters.com/article/newsOne/idUSTRE52812L20090309

FROM DAY ONE I CLAIMED THAT THE IRAQ WAR WAS ABOUT CONTROL OF THEIR OIL. THEY HAVE 25% OF THE KNOWN RESERVES.

 

[Liar]

I was unaware that there was any significant quantity of oil actually being produced at any given moment. Heh. You live and you learn.

Oh, I was under the impression that new fossil fuels are produced all the time.

It just takes another hundred thousand years before we can pump that up.

 

[R. Richard]

Oh, I was under the impression that new fossil fuels are produced all the time.

It just takes another hundred thousand years before we can pump that up.

There is quite a respectable theory that oil is a mineral, continuously produced by processes deep in the earth and that it's not dependent upon dead dinosaurs and swamps.

 

[amicus]

Regardless of the origin of Petroleum, it is important to note that America imports most of its oil from Canada and Mexico and a lesser amount from the Middle East. However, the Mexican source may be in jeopardy with the government there on the verge of collapse and the shale oil from Canada is controlled by the State and is a very expensive process.

Further, in the so called, 'energy plan' of the new administration, there are no programs to increase and expand resources in or nearby US territory.

One would think that a rational approach by government would be to encourage the energy industry to work towards energy independence.

I see no evidence of that happening.

Amicus...

 

[DeeZire]

One would think that a rational approach by government would be to encourage the energy industry to work towards energy independence.

I see no evidence of that happening.

Amicus...

That's because you discount green energy as viable. But you are making progress Ami, in the sense that you are admitting government has a role in the free market - something that goes against your well-publicized ideology.

 

[trysail]

There is quite a respectable theory that oil is a mineral, continuously produced by processes deep in the earth and that it's not dependent upon dead dinosaurs and swamps.

The theory of "abiotic" petroleum is not really "respectable." It is possible ( but, most assuredly, far from mainstream geophysical thinking ) that hydrocarbons in the form of methane ( i.e., natural gas ) might have an abiotic source. Nothwithstanding that remote possibility— if you want to fit in at the next meeting of the American Association of Petroleum Geologists— it would be advisable not to be perceived as an advocate of the theory.

 

[Boxlicker101]

http://www.reuters.com/article/newsOne/idUSTRE52812L20090309

FROM DAY ONE I CLAIMED THAT THE IRAQ WAR WAS ABOUT CONTROL OF THEIR OIL. THEY HAVE 25% OF THE KNOWN RESERVES.

Iraq doesn't have anywhere near that high a percentage of known oil rreserves.

 

[trysail]

Iraq doesn't have anywhere near that high a percentage of known oil rreserves.

You are absolutely correct, Box.

Wikipedia's article is ( much to my surprise ) reasonably good:
http://en.wikipedia.org/wiki/Petroleum_reserves

As noted in the Wikipedia discussion, there has been an enormous increase in OPEC member nation declared reserves over the past twenty years notwithstanding continuous production. It is widely postulated by petroleum geologists that these increases are attributable to quota-jockeying and gamesmanship within OPEC.

There is no independent verification of any OPEC reserves— which was one of Matt Simmons' main points in his important 2005 book, Twilight In The Desert.

ETA: http://en.wikipedia.org/wiki/Oil_reserves_in_Iraq

 

[amicus]

That's because you discount green energy as viable. But you are making progress Ami, in the sense that you are admitting government has a role in the free market - something that goes against your well-publicized ideology

.

~~~

You read me wrong yet again, although I could have explained one more time, I guess, the government can stop taxing the energy industry and remove all the restrictions and regulations that prevent that sector of the private economy from flourishing.

Pulling the knife out of your back after government inserted it, is not really government assistance...but then...you know that.


Edited to add: Not a single scientist or lay person will attest that, 'green energy', is viable in terms of producing the energy required. An addition, yes, but at three to four times the cost of fossil or nuclear produced energy. it is not economically feasible and any rational person knows this as fact....
Amicus...

 

[JAMESBJOHNSON]

BOX

Well, I got my information from TIME or NEWSWEEK. They had a nice map with graphs. Whether they pulled the numbers out of their asses, I dont know.

But it doesnt disqualify my thesis.