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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 The Barbarian View Post
    Well as usual you argument lacks any creditable evidence, as does most of your arguments,

    according to you the war was all about oil … yet in 1999 we imported 263 thousand barrels of oil, in 2002 we imported 167 thousand barrels of oil , and in 2010 we imported 149 thousand barrels of oil. From Iraq.

    I guess according to you we fight these “oil” wars so we can get less of that country's oil ??

    U.S. Imports from Iraq of Crude Oil and Petroleum Products (Thousand Barrels)
    Look up how the world oil market works. Our middle east wars were for making the middle east safe for Western oil who have been locked out of Iraq since they Nationalized their oil over 30 years ago.

    As Bush's report pointed out, Iraq was witholding oil to control world oil prices and suggested this should be dealt with militarily. This report was made prior to our invasion of Iraq that was less of a threat to the US than Grenada.
    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
    Tell him to go back to the drawing board or find a way to make production much more efficient.

    I mean, we have other fuels available for vehicles right now, with the infrastructure already existing.
    One is electric cars and two is NG cars, you can get the NG pump installed at your house.

    Amazing.
    works for major cities, or any densely populated area....where NG has been piped in. Electric cars are good for local use, but too expensive for what they are.
    Our Utah home would be a good location for a battery powered car, nearly everything is within 5 miles of our house, the few remaining places we would want to go are still under 10 miles....
    But I'm not buying anything til the 2 chevvies we have no longer run.....a 9 year old truck with 107K miles, an 11 year old car and 75K miles. Lots of live left in them...
    Oracle of Utah
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Because Iraq was not a threat to anyone past our Persian Gulf war in 1991 when we completely destroyed their ability to be a threat to anyone, followed by a decade of sanctions, and the fact that it was all laid out in Bush's Energy Challenges for the 21st Century.



    You don't consider still being able to afford to fill up your gas tank, a benefit? Iraq has the largest pure oil reserves on the planet, it will be the last spot on the planet to run out of oil. Guess who's military now has the military power in Iraq to call the shots. Without, our war, Western oil would still be locked out of Iraq as they have been for the last 30 years, when Iraq Nationalized their oil.
    Amazing that people think 'war for oil' means 98 cent gas for them.

    In such situations I always refer back to an old axiom

    Just because you’re on their side doesn’t mean they’re on your side.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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

    Catch me if you can.

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

    Quote Originally Posted by USA_1 View Post
    So you believe Bush's actions in the ME had no effect on other ME nations?
    Hell no, they're doing it under Obama's watch. All that bowing and apologizing is what set it off.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Red Crow View Post
    That's 'E' for environment, right?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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

    Quote Originally Posted by Catawba View Post
    Look up how the world oil market works. Our middle east wars were for making the middle east safe for Western oil who have been locked out of Iraq since they Nationalized their oil over 30 years ago.

    As Bush's report pointed out, Iraq was witholding oil to control world oil prices and suggested this should be dealt with militarily. This report was made prior to our invasion of Iraq that was less of a threat to the US than Grenada.
    I'd like to look at this report, have a link?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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


  9. #1189
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by American View Post
    I'd like to look at this report, have a link?
    Official: US oil at the heart of Iraq crisis
    Sunday Herald, The, Oct 6, 2002 by Exclusive By Neil Mackay

    "President Bush's Cabinet agreed in April 2001 that "Iraq remains a destabilising influence to the flow of oil to international markets from the Middle East" and because this is an unacceptable risk to the US "military intervention" is necessary.

    Vice-president Dick Cheney, who chairs the White House Energy Policy Development Group, commissioned a report on "energy security" from the Baker Institute for Public Policy, a think-tank set up by James Baker, the former US secretary of state under George Bush Snr.

    The report, Strategic Energy Policy Challenges For The 21st Century, concludes: "The United States remains a prisoner of its energy dilemma. Iraq remains a de-stabilising influence to the flow of oil to international markets from the Middle East. Saddam Hussein has also demonstrated a willingness to threaten to use the oil weapon and to use his own export programme to manipulate oil markets. Therefore the US should conduct an immediate policy review toward Iraq including military, energy, economic and political/ diplomatic assessments.

    "The United States should then develop an integrated strategy with key allies in Europe and Asia, and with key countries in the Middle East, to restate goals with respect to Iraqi policy and to restore a cohesive coalition of key allies."
    Baker who delivered the recommendations to Cheney, the former chief executive of Texas oil firm Halliburton, was advised by Kenneth Lay, the disgraced former chief executive of Enron, the US energy giant which went bankrupt after carrying out massive accountancy fraud.
    The other advisers to Baker were: Luis Giusti, a Shell non- executive director; John Manzoni, regional president of BP and David O'Reilly, chief executive of ChevronTexaco. Another name linked to the document is Sheikh Saud Al Nasser Al Sabah, the former Kuwaiti oil minister and a fellow of the Baker Institute."
    Official: US oil at the heart of Iraq crisis | Sunday Herald, The Newspaper | Find Articles at BNET

    See the full report here: Powered by Google Docs
    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

    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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