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

  1. #1501
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by ptif219 View Post
    Thats not the point they have doubled in the last two years. We expect some rise but not to double in that short of time.
    "The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact."

    Some people can only learn the hard way I guess!
    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
    "The US military has warned that surplus oil production capacity could disappear within two years and there could be serious shortages by 2015 with a significant economic and political impact."

    Some people can only learn the hard way I guess!
    Wrong we learn not to vote democrat and gas may cost less. After all Chu annd Obama think we do not pay enough.

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

    Quote Originally Posted by ptif219 View Post
    Wrong we learn not to vote democrat and gas may cost less.
    That is only a feasible idea for idiots that have no comprehension that world oil production peaked in 2006 while world demand continued to grow. See the warning a year ago from the U.S Military.
    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 The Prof View Post
    and devaluation of the dollar is the most insidious of all

    why does the energy secretary PREFER eight dollar gas?

    why do so many obama supporters want to FORCE us out of our cars?

    why did the slasher tell the chronicle he would ACTIVELY bankrupt coal?

    know the man!

    vote obama 2012!
    They want to do more than just force you out of yoyr cars.

    This 10 year old column still holds holds ruefully true today.

    SteynOnline - THE DEMS ARE OUT OF GAS, AND COAL, AND WOOD

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

    Quote Originally Posted by UtahBill View Post
    Every time a hurricane comes close? got links ?
    I hope you are kidding. It is common knowledge and happens every year.

    Our gas just skyrocketed 40 cents a gallon because speculators were afraid the Mississippi River flood would damage or shut down refineries.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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

    Quote Originally Posted by Catawba View Post
    And how again has Obama increased the world pricing of oil?
    All he has to do is tell the oil producers that he will allow them to drill for oil anywhere in the America, ANWR for example, and the speculators will start speculating that oil prices will come down.

    Speculators frequently bet on the foolishness of government and they are seldom wrong over the long term.

    The oil from ANWR should have been flowing into the lower 48 now but the Democrats chose, in 1996, to make caribou their priority.

  7. #1507
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    Re: Oil rises above $90 amid US crude supply drop

    First, let me note that I believe GW is ~10-30% anthropogenic.

    I believe gas prices should be higher. Some cost of extraction, processing and use is currently an externality. I'm happy with the prices being higher and oil companies (and their fat CEOs) reaping the profit for fame and recreation in exotic lands. Plan B is to let tax account for the externalities. Either way is ok for me. With the free market and government competing for externality profit, I'm politically torn.


    Thus, I don't much care who's gonna get what; however, I'm sure the price is too low. It is cheating future generations of inheritance, one way or another.

    I'm pro gas-price-increase, and that's terrible for a free-wheeling free-marketeer.
    Last edited by ecofarm; 05-16-11 at 10:29 AM.

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

    Quote Originally Posted by ecofarm View Post
    First, let me note that I believe GW is ~10-30% anthropogenic.

    I believe gas prices should be higher. Some cost of extraction, processing and use is currently an externality. I'm happy with the prices being higher and oil companies (and their fat CEOs) reaping the profit for fame and recreation in exotic lands. Plan B is to let tax account for the externalities. Either way is ok for me. With the free market and government competing for externality profit, I'm politically torn.


    Thus, I don't much care who's gonna get what; however, I'm sure the price is too low. It is cheating future generations of inheritance, one way or another.

    I'm pro gas-price-increase, and that's terrible for a free-wheeling free-marketeer.
    Only the free market can determine the price and value of a product. It's when the government gets involved that the process become distorted, and with predictable consequences.

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

    Quote Originally Posted by ecofarm View Post
    I believe gas prices should be higher.
    and there ya go

    judge obama by his supporters

    seeya at the polls, pals

  10. #1510
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Grant View Post
    Only the free market can determine the price and value of a product. It's when the government gets involved that the process become distorted, and with predictable consequences.
    HAHHAHHAHHAHA, free market in the oil market.. you have got to be smoking some great weed Grant. Speculation is driving the oil price, pure and simple, and the free market for oil prices went poof a very very long time ago.
    PeteEU

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