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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 1Perry View Post
    You'll note that this complaint was regulated to the back pages of Rolling Stone. Two years ago it would have been the cover and main story.
    yes, global warming is a dead issue

    it was killed in cold copenhagen

    Copenhagen special podcast: The Guardian's environment team analyse the COP15 agreement | Science | guardian.co.uk

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

    Quote Originally Posted by The Prof View Post
    That Chicago Climate Exchange died real quick didn't it.
    "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 ptif219 View Post
    If we would drill where we have oil and not export it and increase refinery capacity that would not affect us
    So we should nationalize the oil industry? Or at least bar them from exporting?

    Do you have any concept of just how internally contradictory your beliefs are?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by obvious Child View Post
    So we should nationalize the oil industry? Or at least bar them from exporting?

    Do you have any concept of just how internally contradictory your beliefs are?
    Just make it contractual in any new domestic drilling lease, who's talking about nationalizing?
    "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 ptif219 View Post
    Maybe because it has doubled since Obama took office. After all Chu says we need to pay as much as Europe. I would like to know why we should pay more
    It hasn't doubled in price. But it has gone up despite the fact that the US is producing more oil than in the last decade. Why is that do you think?
    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

    Even lower consumption will be required to lower prices. As you article concluded, "Of course, our decline in use will be more than offset by rapidly growing demand in China, India, the Middle East and Africa, but we’re definitely entering a world — where the U.S. is starting to see beyond gas, which is a HUGE step up."
    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 Prof. Peabody View Post
    Just make it contractual in any new domestic drilling lease, who's talking about nationalizing?
    So you are saying the answer is more government?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Actually the answer is more government, but not in the aspect people are thinking of. We need a Manhatten like project on alternative fuels and storage. And before any of you wankers say this is a bad idea, this is a national security issue. The faster we decimate the demand for oil, the faster Chavez and the Mullahs fall from power.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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

    Quote Originally Posted by obvious Child View Post
    Actually the answer is more government, but not in the aspect people are thinking of. We need a Manhatten like project on alternative fuels and storage. And before any of you wankers say this is a bad idea, this is a national security issue. The faster we decimate the demand for oil, the faster Chavez and the Mullahs fall from power.
    Excellent point! Surprisingly, I don't think many have made that connection.
    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
    Excellent point! Surprisingly, I don't think many have made that connection.
    Most people do not understand how the oil market works. It's not that surprising they don't make the connection as to how large American demand keeps oil prices at levels sustainable to Regimes opposed to American interests when they don't understand global commodity exchanges. That said though, a significant collapse in American demand would likely kick the House of Saud out of power....which may be more detiremental to the US then the US gains from knocking off the regimes in Tehran and Caracas. Is losing Riyadh worth revolutions in Tehran and Caracas? I'm not so sure about that.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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