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Thread: Oil Crushed as IEA Releases 60M in Reserves

  1. #31
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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by apdst View Post
    But...but...but...increasing supply won't lower the price.
    Exactly....

    Where is the "Supply and Demand have no effect on oil prices!" crowd?
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  2. #32
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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by Badmutha View Post
    Where is the "Supply and Demand have no effect on oil prices!" crowd?
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    That was never the contention. The contention was that American supply of oil will not have, or have a very minor affect, on global oil prices over the long term because demand is quickly out pacing the supply and will outpace known supply soon.
    Hayek - too liberal for republicans

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by xpiher View Post
    That was never the contention. The contention was that American supply of oil will not have, or have a very minor affect, on global oil prices over the long term because demand is quickly out pacing the supply and will outpace known supply soon.
    O'Bama says that you're wrong, obviously.

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by xpiher View Post
    You seem to think that drilling in ANWAR now, instead of during an actual shortage or major international conflict, is a good idea. I don't believe that.
    Dont you know "It will take 10 years to see a drop of ANWR OIL?".........

    .......Democrats have been repeating that for the last 40 years you know........

    Waiting for the actual shortage or major international conflict as you put it.......is akin to waiting for a house fire before going out and investing in a fire extinguisher.

    You also seem to think that its ok to let petrofules to be drilled from all locations regardless of risk.
    If not in ANWR.....Where?

    12 largest oil fields in the US Field (State Cumulative Production+ Est. Reserves)

    1. Prudhoe Bay, Alaska 13+ billion barrels
    2. East Texas 5.1-6.0 billion barrels
    *. ANWR
    3. Wilmington, California 2.8 billion barrels [or up to 3.0]
    4. Midway-Sunset, California 2.8 billion barrels [or up to 3.5]
    5. Kuparuk River, Alaska 2.6 billion barrels
    6. Thunder Horse, Gulf of Mexico 1.5-2.0 billion barrels
    7. Kern River, California 1.95 billion barrels [or up to 2.5]
    8. Yates, West Texas 1.95 billion barrels
    9. Belridge South, California 1.9 billion barrels
    10. Wasson, West Texas 1.8 billion barrels
    11. Elk Hills, California 1.5 billion barrels [or 1.3]
    12. Panhandle, Texas 1.4 billion barrels
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    Last edited by Badmutha; 06-24-11 at 08:05 PM.

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by xpiher View Post
    That was never the contention.
    Maybe its not your contention....but its certainly the contention of a plethora of liberals......

    ....oil prices are determined by Republican Presidents, Evil Oil Speculators, Wall Street, and Corporations........increasing the supply of oil will never decrease the price of oil........demand creates all jobs but has no effect whatsoever on oil prices.

    The contention was that American supply of oil will not have, or have a very minor affect, on global oil prices over the long term because demand is quickly out pacing the supply and will outpace known supply soon.
    With our current Democrat Sierra Club NO-ENERGY Policies in place.......you are partially correct. Our demand for oil will continue to grow for quite some time.......while Democrats will continue to deny any increase in supply.
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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by apdst View Post
    oh no! More supply will, in no way, make things better, for anyone. I know it, because the Libbos have said so.
    There is no problem with supply, the problem is the speculative nature of the commodities markets today. The fat cats on WS use computers make trades and while they reap $billions in profit the public is screwed.

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by washunut View Post
    I simply corrected something you wrote. Not sure where the hatred comes from, get a life.
    What hatred? I love everybody.
    Нава́льный 2018

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by pbrauer View Post
    There is no problem with supply, the problem is the speculative nature of the commodities markets today. The fat cats on WS use computers make trades and while they reap $billions in profit the public is screwed.
    IOW, it's yet another conspiracy by the private sector to sabotage Obama???

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by apdst View Post
    IOW, it's yet another conspiracy by the private sector to sabotage Obama???
    No, greed is their motivation.


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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by apdst View Post
    But...but...but...increasing supply won't lower the price.
    http://www.debatepolitics.com/breaki...post1059592287

    With less fail next time please.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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