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Thread: US buys more Saudi Oil

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    Re: US buys more Saudi Oil

    That oil belongs to us anyway, at less than $5 a barrel. We invented the technology, drilled the wells, and are pumping it out. Somehow this vital resource fell into the hands of the backward sand bandits, who wouldn't have ever have discovered it on their own. How much was this territory worth to them before we created its value?

    Of course, the cause of this is not that we've become touch-feely pushovers who hand over everything we create on our own to those who did nothing to deserve it. The American oil companies piggyback off Arab price extortion and also make even more from drilling foreign-owned oil than they did when they owned those properties. The empire struck out because the UN umpire blew the call.
    On the outside, trickling down on the insiders.
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    Re: US buys more Saudi Oil

    Quote Originally Posted by rocket88 View Post
    God forbid you show respect to an ally.

    Wait until a Republican does that. Then you'll be saying it's the single greatest foreign policy event in our history.
    A small history lesson for you ... NEVER EVER has a US President bowed to ANY royalty. I'm sorry that some of you don't like the title and the link ... but don't even try this tripe comment about a Republican doing it. Ain't never happened before and ain't never gonna happen.

    A L

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    Re: US buys more Saudi Oil

    Quote Originally Posted by Another Lurker View Post
    A small history lesson for you ... NEVER EVER has a US President bowed to ANY royalty. I'm sorry that some of you don't like the title and the link ... but don't even try this tripe comment about a Republican doing it. Ain't never happened before and ain't never gonna happen.

    A L
    Yes it will. 100% guarantee. In fact, I wouldn't be shocked if it's Romney.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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    Re: US buys more Saudi Oil

    Quote Originally Posted by PrometheusBound View Post
    That oil belongs to us anyway, at less than $5 a barrel. We invented the technology, drilled the wells, and are pumping it out. Somehow this vital resource fell into the hands of the backward sand bandits, who wouldn't have ever have discovered it on their own. How much was this territory worth to them before we created its value?

    Of course, the cause of this is not that we've become touch-feely pushovers who hand over everything we create on our own to those who did nothing to deserve it. The American oil companies piggyback off Arab price extortion and also make even more from drilling foreign-owned oil than they did when they owned those properties. The empire struck out because the UN umpire blew the call.
    LOL where on earth do you get your information from?

    You did not invent the oil well, or the modern oil well or the technology. Oil has been taken out of the ground in the area for 600 years, 400 years before the US was even thought off.
    PeteEU

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    Re: US buys more Saudi Oil

    Quote Originally Posted by PeteEU View Post
    LOL where on earth do you get your information from?

    You did not invent the oil well, or the modern oil well or the technology. Oil has been taken out of the ground in the area for 600 years, 400 years before the US was even thought off.
    You're kidding me History goes back that far!!

    Paul
    RIP THE EUROPEAN FORUM 2016

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    Re: US buys more Saudi Oil

    Quote Originally Posted by gunner View Post
    You're kidding me History goes back that far!!

    Paul
    Yea amazing no?
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    Re: US buys more Saudi Oil

    Who likes facts!?

    Quote Originally Posted by Born Free
    It's no surprise, Obama won't drill here
    The US produces nearly 6 million barrels per day domestically.


    He would rather do that than drill here and bring home all that 500 billion a yr and the jobs that go with it.
    Really? Who is importing this oil, do you think? The US government? Are you advocating some kind of nationalized oil industry? Because if not, then you're talking about private businesses, such as, hmmm, maybe oil refineries? Whose business it is to refine crude oil? So of ****ing course they're going to import crude to refine.

    The US is a giant oil refinery. We import crude, refine it, and either sell it domestically or export it back out of the country. Are you in favor of destroying one of the country's most lucrative businesses and all the jobs that go with it?

    FWIW, the US refines 15+ million barrels a day.

    Quote Originally Posted by Helix
    it's a very poor plan for a country like the US to be this energy dependent.
    How is the US "energy dependent"? Perhaps you can provide some statistics on what oil the US "needs" vs. what it is importing for the purposes of refinement (i.e. making money, adding jobs to the economy and increasing GDP).
    Last edited by Khayembii Communique; 08-18-12 at 09:32 AM.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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    Re: US buys more Saudi Oil

    Quote Originally Posted by Khayembii Communique View Post
    How is the US "energy dependent"? Perhaps you can provide some statistics on what oil the US "needs" vs. what it is importing for the purposes of refinement (i.e. making money, adding jobs to the economy and increasing GDP).
    US daily oil production : 6 million BPD.

    U.S. Daily Oil Production At Highest Level Since 1998 | Plugged In, Scientific American Blog Network


    US daily oil consumption : 18.7 million BPD.

    UPDATE 2-US oil demand up in May, first rise in 14 months | Reuters

    that's quite a gap, and it's a gap that we can close a little, albeit temporarily. however, we need to ramp up innovation and implementation of the post oil economy as soon as possible.

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    Re: US buys more Saudi Oil

    Quote Originally Posted by Helix
    US daily oil production : 6 million BPD.

    U.S. Daily Oil Production At Highest Level Since 1998 | Plugged In, Scientific American Blog Network


    US daily oil consumption : 18.7 million BPD.

    UPDATE 2-US oil demand up in May, first rise in 14 months | Reuters

    that's quite a gap, and it's a gap that we can close a little, albeit temporarily. however, we need to ramp up innovation and implementation of the post oil economy as soon as possible.
    The US also exports around 8-12 million barrels per day. Why do you think that is?
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

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    Re: US buys more Saudi Oil

    Quote Originally Posted by Khayembii Communique View Post
    The US also exports around 8-12 million barrels per day. Why do you think that is?
    to make money.

    are you arguing that if we kept it all, we'd be energy independent? how would that work, and for how long would the supply hold out? what would happen to costs as we approach the proverbial bottom of the barrel?

    the fact remains that unless you believe in abiotic oil, we're going to run out of it at some point. if we prepare now, we might avoid participation in a further escalating war for diminishing resources. if we innovate a long term solution, that energy model / technology might be exportable, as well. it's my opinion that we should make energy innovation a top tier priority.

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