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Thread: Oil rises above $90 amid US crude supply drop

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Harry Guerrilla View Post
    According to the military, it's all speculative on their end.
    There is no firm rule on if there really is or is not a true peak oil.

    Regardless though, people are already coming up with alternatives.
    So again, there is no reason to be worried.
    Tell it to the people whining about the National debt and high gas prices.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Tell it to the people whining about the National debt and high gas prices.
    The national debt has nothing to do with this.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Harry Guerrilla View Post
    The national debt has nothing to do with this.
    How do you think our war for oil in Iraq was paid for? Aren't Libertarians opposed to that sort of thing? I know it is in their platform. You opposed to the Libertarian platform?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Harry Guerrilla View Post
    According to the military, it's all speculative on their end.
    There is no firm rule on if there really is or is not a true peak oil.

    Regardless though, people are already coming up with alternatives.
    So again, there is no reason to be worried.
    On Nova a few days ago, a guy says he has biofuel made from grass that can run a jet engine, but so far it is $10,000 per tablespoon......
    Oracle of Utah
    Truth rings hollow in empty heads.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    There are still some things I can do that will help a little more but I have addressed all the big issues of design, heating, cooling and lighting. My son has calculated that my payback period will be 7 years based on my current usage on a system warranted for 25 years. The more we can reduce our current usage, the quicker the payback period will be.


    Funny thing is the government is causeing us to use more. For instance because of ethanol we lose MPG.

    No solutions just whining and complaining

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    How do you think our war for oil in Iraq was paid for? Aren't Libertarians opposed to that sort of thing? I know it is in their platform. You opposed to the Libertarian platform?
    Why do you think it was a war for oil?

    Have we received any oil as a net benefit?

  7. #1167
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    Re: Oil rises above $90 amid US crude supply drop

    don't be naive. the contracts that big oil tried to put over on the iraqis were long term, while other contracts in the region are short term. also, not nearly as lucrative for the iraqis. so, had the iraqis accepted what was being force fed them, big oil would be enriched. it's NEVER about MORE oil for consumers.

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: Oil rises above $90 amid US crude supply drop

    today:

    Shell Oil Company has announced it must scrap efforts to drill for oil this summer in the Arctic Ocean off the northern coast of Alaska. The decision comes following a ruling by the EPA’s Environmental Appeals Board to withhold critical air permits. The move has angered some in Congress and triggered a flurry of legislation aimed at stripping the EPA of its oil drilling oversight.

    Shell has spent five years and nearly $4 billion dollars on plans to explore for oil in the Beaufort and Chukchi Seas. The leases alone cost $2.2 billion. Shell Vice President Pete Slaiby says obtaining similar air permits for a drilling operation in the Gulf of Mexico would take about 45 days. He’s especially frustrated over the appeal board’s suggestion that the Arctic drill would somehow be hazardous for the people who live in the area.

    The closest village to where Shell proposed to drill is Kaktovik, Alaska. It is one of the most remote places in the United States. According to the latest census, the population is 245 and nearly all of the residents are Alaska natives. The village, which is 1 square mile, sits right along the shores of the Beaufort Sea, 70 miles away from the proposed off-shore drill site.

    The EPA’s appeals board ruled that Shell had not taken into consideration emissions from an ice-breaking vessel when calculating overall greenhouse gas emissions from the project. Environmental groups were thrilled by the ruling.
    Energy in America: EPA Rules Force Shell to Abandon Oil Drilling Plans - FoxNews.com

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    Re: Oil rises above $90 amid US crude supply drop

    I'm starting to look at this in a different light, I think it would be a good thing for gas to be up to over over 5 dollars a gallon by election time of 2012.

    With the inflation that will cause at the retail market, plus the added costs to each and every family will feel each time they fill up. Families having trouble putting food on the table, seeing their kids going without.

    Just think of the consequences in the elections of 2012.... economy still floundering, unemployment numbers still up, deficit spending still at record levels, our national debt above 15 trillion and rising, and to top it off and gas prices at record highs. … it would be 2008 all over again, it wouldn't matter who ran against Obama, the people would be voting for change.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by UtahBill View Post
    On Nova a few days ago, a guy says he has biofuel made from grass that can run a jet engine, but so far it is $10,000 per tablespoon......
    -chuckles- well surely we can give that company a billion dollars or so .. . to see if they can get that prices reduced to $10,000 per gal.

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