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

  1. #1661
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    Re: Oil rises above $90 amid US crude supply drop

    energy secretary steven chu: i actively PREFER eight dollar gas, just like in EUROPE!

    barack the slasher hussein: i'll BANKRUPT em!

    chief of staff daley: i can't defend the indefensible... but we're working on our rationality!

    LOL!

    seeya at the polls, pals

  2. #1662
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Councilman View Post
    Funny you should bring up world peak oil and protection of the environment in the same sentences since both are myths.

    Peak oil was invented to affect the price and scare people;

    Global Warming BS grew out of the scare of am Ice age that just didn't scare people enough for the environmentally ill to profit from it.

    There are scientists who say oil has nothing to do with animals of a million of billion years ago and in a naturally occurring substance like rocks and it is being replenished even today.

    I don't buy into this but I hear it, just as I hear scientists who even today say we are headed for a mini Ice Age.

    What is needed is for us not to panic over the hype and act with logic.

    If you know anything you know that Oil prices are as they are because of speculation and artificial outside influences, Obama wants prices high so only a fool would vote for him, knowing high prices at the pump hurts the economy by driving up prices on all consumer goods and services.
    Thanks for your usual unsubstantiated opinion there Councilman?

    "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.

    The energy crisis outlined in a Joint Operating Environment report from the US Joint Forces Command, comes as the price of petrol in Britain reaches record levels and the cost of crude is predicted to soon top $100 a barrel.

    "By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 million barrels per day," says the report, which has a foreword by a senior commander, General James N Mattis."

    http://www.guardian.co.uk/business/2010/apr/11/peak-oil-production-supply

    (AP) -- "A study released Tuesday says the world's climate is not only continuing to warm, it's adding greenhouse gases even faster than in the past.

    In fact it's been more than 300 months since the average global average temperature was below average. The annual State of the Climate report said 2010 was tied with 2005 as the hottest year on record, worldwide and added that the greenhouse gas carbon dioxide increased faster than it has in recent decades.

    Peter Thorne of North Carolina's Cooperative Institute for Climate and Satellites called the finding "a clear and unmistakable signal from the top of the atmosphere to the depths of the oceans.'"

    http://www.physorg.com/news/2011-06-...house-gas.html
    Last edited by Catawba; 07-08-11 at 03:06 AM.
    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

  3. #1663
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Lord Tammerlain View Post
    They are not giving money to Brazil, they are lending money to Brazil, and like most banks when they lend, they expect to get paid back at a profit
    Actually, it gets better. The export bank tends to finance operations that buy capital goods from American producers. So not only are we going to make profitable interest on the Brazil loan, we're going to be able to basically stimulate the economy and get paid for it. People like J-mac don't bother to research how these loans actually work. They just knee jerk reaction it. And it shows.

    I think it's a good idea for Brazil to pay us interest for them to buy our manufactured goods. Especially when they'll be basically funding the work to gather expertise into deep water drilling that we can later exploit for cheap.
    "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 Councilman View Post
    Funny you should bring up world peak oil and protection of the environment in the same sentences since both are myths.

    Peak oil was invented to affect the price and scare people;
    Peak oil is nothing more then a basic fact of consumable finite resources. To deny that peak oil exists is to basically argue that oil is on our timeline infinite in context of demand. That is hardly intelligent.

    Global Warming BS grew out of the scare of am Ice age that just didn't scare people enough for the environmentally ill to profit from it.
    Incorrect, Climate change grew out of basic data showing rising temperatures. Furthermore there is a wealth of biological evidence suggesting that temperatures are rising, from organisms being found well North of their normal habitats to plants blooming weeks to even months earlier then normal. To say the climate isn't changing is to basically call every outdoorsmen who noticed this kind of stuff a liar.

    There are scientists who say oil has nothing to do with animals of a million of billion years ago and in a naturally occurring substance like rocks and it is being replenished even today.
    And they are largely whacks. While it is true that oil can form from non-organic sources, there is no evidence suggesting it can form in large amounts from non-organic sources on a reasonable time line. Furthermore, evolutionary timelines have been spot on in predicting hydrocarbon deposits based on where specific types of organisms lived in the past and what geological conditions existed during their decay. That alone condemns the theory of significant abiological sources of oil.

    If you know anything you know that Oil prices are as they are because of speculation and artificial outside influences
    What is a natural source? Human demand is an artificial influence.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #1665
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Catawba View Post
    World oil prices doubled doubled despite the fact that the rate of US oil production during Obama's administration increased to its highest level in a decade.

    Such is life in an oil based economy approaching peak oil.



    Support our troops...........ride a bike!
    So If Obama is so hyped on going green where is the E-85 stations? Where is the push for people to convert their cars to E-85? Sounds to me like more BS from the administration

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

    Quote Originally Posted by Catawba View Post
    I'm not defending Clinton or the Democrats. The only difference between the Democrats and the Repubicans are the Democrats like to leave a few more crumbs for the little people to divide between themselves. Too many Democrats went along with it but it was the Republicans that pushed it through.
    So why didn't the democrats fix it when they had a filibuster proof congress?

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

    Quote Originally Posted by obvious Child View Post
    Do you enjoy debating arguments of your own obvious fabrication? If you want a response to that argument, ask the one who made it: you.
    Obama is doing nothing so it is the same as always. I thought Obama campaigned on talking? He has not talked with big oil or the speculators

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

    Quote Originally Posted by Catawba View Post
    "the first in a series of federal restrictions aimed at improving the air Americans breathe." Right, all those that want dirty air to breathe, vote with the Prof's candidate! Once his party as determined for him who that will be. LOL!
    You mean at raising energy costs to the consumers and putting coal out of business

  9. #1669
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    Re: Oil rises above $90 amid US crude supply drop


  10. #1670
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    Re: Oil rises above $90 amid US crude supply drop

    Peak Oil: The End of an Old Age

    "Of the 65 largest oil producing countries in the world, up to 54 have passed their peak of production and are now in decline, including the USA in 1970, Indonesia in 1997, Australia in 2000, the UK in 1999, Norway in 2001, and Mexico in 2004. Hubbert's methods, as well as other methodologies, have been used to make various projections about the global oil peak, with results ranging from 'already peaked', to the more optimistic 2035. Many of the official sources of data used to model oil peak such as OPEC figures, oil company reports, and the USGS discovery projections, upon which the international energy agencies base their own reports, can be shown to be frighteningly unreliable. In November 2009, the International Energy Agency's World Economic Outlook report stated that oil and gas liquids were not expected to peak until 2030, at significantly higher levels than today, however this was met by rebukes from internal whistleblowers who argued that the figures are more political than scientific. In response to the questionable reliability of IEA reports, several notable scientists have attempted independent studies, most famously, Colin Campbell and associates with the Association for the Study of Peak Oil and Gas (ASPO)."
    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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