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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 j-mac View Post
    As long as they agree with your opinions.


    j-mac
    LOL! You think the Pentagon makes their determinations based on my opinion???
    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
    LOL! You think the Pentagon makes their determinations based on my opinion???
    Right now, it is almost that bad. When we boot Obama out of office things will get better.

    "Too often we enjoy the comfort of opinion without the discomfort of thought."
    John F. Kennedy
    Quote Originally Posted by Montecresto View Post
    It would seem that the constitution is just a god damn piece of paper, to be trotted out when expedient.

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

    Quote Originally Posted by GPS_Flex View Post
    Right now, it is almost that bad. When we boot Obama out of office things will get better.
    Every president, Dem or Rep, has said the same thing from Nixon through Obama. Looks like the clock ran out before anyone took head and the chickens have come home to roost!
    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

  4. #1574
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    Re: Oil rises above $90 amid US crude supply drop

    nyt yesterday:

    Until last year, the 17-mile stretch of road between this forsaken South Texas village and the county seat of Carrizo Springs was a patchwork of derelict gasoline stations and rusting warehouses.

    Now the region is in the hottest new oil play in the country, with giant oil terminals and sprawling RV parks replacing fields of mesquite. More than a dozen companies plan to drill up to 3,000 wells around here in the next 12 months.

    The Texas field, known as the Eagle Ford, is just one of about 20 new onshore oil fields that advocates say could collectively increase the nation’s oil output by 25 percent within a decade — without the dangers of drilling in the deep waters of the Gulf of Mexico or the delicate coastal areas off Alaska.

    There is only one catch: the oil from the Eagle Ford and similar fields of tightly packed rock can be extracted only by using hydraulic fracturing, a method that uses a high-pressure mix of water, sand and hazardous chemicals to blast through the rocks to release the oil inside.

    The technique, also called fracking, has been widely used in the last decade to unlock vast new fields of natural gas, but drillers only recently figured out how to release large quantities of oil, which flows less easily through rock than gas. As evidence mounts that fracking poses risks to water supplies, the federal government and regulators in various states are considering tighter regulations on it.
    http://www.nytimes.com/2011/05/28/bu...hale.html?_r=1

    "this is like adding another venezuela or kuwait by 2020, except these tight oil fields are in the us”

    and it's not just the energy

    its JOBS, it's real estate...

    it's a comprehensive economic revivial of an entire region

    good news for america!

    bad news for chu

  5. #1575
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    Every president, Dem or Rep, has said the same thing from Nixon through Obama. Looks like the clock ran out before anyone took head and the chickens have come home to roost!
    Ah, channeling the rev. Wrong...typical.

    J-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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

    Quote Originally Posted by Catawba View Post
    Thanks for your opinion but I've got to go with the experts.
    With these experts, you go to war with their 'WMD' information. Watch the issueing date of the following news. It means the situation remains the same as the oil had high price two years ago.

    Saudis often warned U.S. about oil speculators, cables show
    By KEVIN G. HALL
    McClatchy Newspapers

    WASHINGTON --- When oil prices hit a record $147 a barrel in July 2008, the Bush administration leaned on Saudi Arabia to pump more crude in hopes it would drive the price down. The Saudis complied, but not before warning that oil already was plentiful and that Wall Street speculation, not a shortage of oil, was driving up prices.


    Saudi Oil Minister Ali al-Naimi even told U.S. Ambassador Ford Fraker that the kingdom would have difficulty finding customers for the additional crude, according to an account laid out in a confidential State Department cable dated Sept. 28, 2008.

    "Saudi Arabia can't just put crude out on the market," the cable quotes al-Naimi as saying. Instead, al-Naimi suggested, "speculators bore significant responsibility for the sharp increase in oil prices in the last few years," according to the cable.



    Read more: Saudis often warned U.S. about oil speculators, cables show - KansasCity.com
    Last edited by katsung47; 06-06-11 at 09:47 PM.

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

    Quote Originally Posted by katsung47 View Post
    With these experts, you go to war with their 'WMD' information.
    Nope, the experts knew Iraq was not a threat to the US because we had destroyed their military power in 1991 followed by ten years of sanctions.
    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

    Unemployment over 9%, food prices skyrocketing, foreclosures continuing unabated and gasoline headed toward $4.50 a gallon. I can't think of a better platform for the Democrats to run on.
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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

    Quote Originally Posted by Catawba View Post
    Nope, the experts knew Iraq was not a threat to the US because we had destroyed their military power in 1991 followed by ten years of sanctions.
    Sanctions? You mean like the oil for food scam?

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

    more good news for america, bad news for secretary chu

    today: Exxon makes major oil discovery in Gulf - The Hill's E2-Wire

    remember may 27 when nyt reported the find of "another venezuela or kuwait" in southwest texas

    link above

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