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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 Ockham View Post
    All the more reason for government to spend tons of money on "infrastructure" and install charging stations every 20 miles, or require alternative fuel engines running natural gas, ethanol or something else. With the eco-nazi's each deficiency is an opportunity.

    If we were to tap our own proven oil, we would have enough for hundreds, possibly a thousand years, and create thousands of jobs. Not to mention that the mere talk that we would do that, would send oil down in trading immediately. So the question is why aren't we?

    No matter what pie in the sky green crap the left come up with it is years, if not decades away from any real use in this country. It would seem that as the onion continues to be peeled back, that the short term consequences of their agenda at every turn bring about the weakening of this country. Maybe it is really no more complicated than that.


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

    Quote Originally Posted by Ockham View Post
    All the more reason for government to spend tons of money on "infrastructure" and install charging stations every 20 miles, or require alternative fuel engines running natural gas, ethanol or something else. With the eco-nazi's each deficiency is an opportunity.
    You are being facetious, of course. Batteries don't charge quickly, it is best to charge them at home or at work. Gasoline is still the best fuel for cars. And as I said, natural gas is dangerous, you won't be allowed to fill your own tank.

    Brazil does well on ethanol, but they have an advantage....sugarcane, lots of land, ideal climate.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by whysoserious
    Aren't you one of those people in the other threads talking about deficit cuts so we can protect the future of this country? How the hell, with all the science out there, can you possibly be against energy efficiency and independence?

    It flies against the face of all reasoning.
    How is it more efficient, when the issue is used as a political and econimic football to spend more money? Will it cost less to the consumer? It doesn't right now. Will it cost less to operate and maintain? It doesn't right now. So my point is - the timing is very bad to be touting this when we're 14 trillion in the hole and due to go a few more trillion in the hole in the next few years. You don't seem to understand a very simple math issue: We. Have. No. More. Money.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by j-mac View Post
    If we were to tap our own proven oil, we would have enough for hundreds, possibly a thousand years, and create thousands of jobs. Not to mention that the mere talk that we would do that, would send oil down in trading immediately. So the question is why aren't we?

    No matter what pie in the sky green crap the left come up with it is years, if not decades away from any real use in this country. It would seem that as the onion continues to be peeled back, that the short term consequences of their agenda at every turn bring about the weakening of this country. Maybe it is really no more complicated than that.


    j-mac
    What are you talking about? There is an affordable electric car on the market as we speak. Nuclear energy, hydro-electric, wind, and solar energy are all being used by countries around the world who have the foresight to know that energy independence is good. As far as tapping our own oil, it would not prove as beneficial as you might think.

    For instance, relative to the world supply, it would be an extremely small amount coming out of the ground and into the market daily. Therefore, it would have the same extremely small affect on the world's market prices (and we pay the world's market prices). Also, in my opinion it would be better to have those reserves later when things get a bit more dicey. For instance:

    WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices | Business | The Guardian
    Top World Oil Producers, Exporters, Consumers, and Importers, 2006 — Infoplease.com
    The world's top oil producer: Saudi Arabia

    The US fears that Saudi Arabia, the world's largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

    The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom's crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.

    ...

    According to the cables, which date between 2007-09, Husseini said Saudi Arabia might reach an output of 12m barrels a day in 10 years but before then – possibly as early as 2012 – global oil production would have hit its highest point. This crunch point is known as "peak oil".
    Yes, and as you can see from that chart, we produce the 4th largest amount of oil, use the most oil, and import the most oil. We're like crackheads, basically.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by Ockham View Post
    How is it more efficient, when the issue is used as a political and econimic football to spend more money? Will it cost less to the consumer? It doesn't right now. Will it cost less to operate and maintain? It doesn't right now. So my point is - the timing is very bad to be touting this when we're 14 trillion in the hole and due to go a few more trillion in the hole in the next few years. You don't seem to understand a very simple math issue: We. Have. No. More. Money.
    We have plenty of money, it is just being misspent. There are trillions in IRA and 401k accounts that could be spent to stimulate the green industries if the govt allowed those funds to be withdrawn at a preferred tax rate, like the 15% that the rich pay on capital gains, as long as the money is spent on green related products. Lots of industries have lots of cash on hand, but aren't hiring until they see the recession dead and buried.
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by whysoserious View Post
    What are you talking about? There is an affordable electric car on the market as we speak. Nuclear energy, hydro-electric, wind, and solar energy are all being used by countries around the world who have the foresight to know that energy independence is good. As far as tapping our own oil, it would not prove as beneficial as you might think.

    For instance, relative to the world supply, it would be an extremely small amount coming out of the ground and into the market daily. Therefore, it would have the same extremely small affect on the world's market prices (and we pay the world's market prices). Also, in my opinion it would be better to have those reserves later when things get a bit more dicey. For instance:

    WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices | Business | The Guardian
    Top World Oil Producers, Exporters, Consumers, and Importers, 2006 — Infoplease.com
    The world's top oil producer: Saudi Arabia

    Yes, and as you can see from that chart, we produce the 4th largest amount of oil, use the most oil, and import the most oil. We're like crackheads, basically.

    The issue is oil, not electricity, apples and oranges....
    and the price of oil on the market isn't even a big issue. If we need it, we will drill for it, and pay whatever is charged.
    Oracle of Utah
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Ockham View Post
    How is it more efficient, when the issue is used as a political and econimic football to spend more money? Will it cost less to the consumer? It doesn't right now. Will it cost less to operate and maintain? It doesn't right now. So my point is - the timing is very bad to be touting this when we're 14 trillion in the hole and due to go a few more trillion in the hole in the next few years. You don't seem to understand a very simple math issue: We. Have. No. More. Money.
    So raise taxes. End the Bush tax cuts, close corporate loopholes. Then, cut reckless spending (maybe check out some of that defense spending) and streamline government. We could also switch over to universal health care, which if you compare our privatized system to others, we'd save about 2,500 a person - but that's neither here nor there.

    Look, you are comparing a financial issue to an energy issue. They are not the same, and considering the conservative tactic for any emergency is to cut taxes, I don't see how we can every find our way to energy independence or budget surplus.

    What change do you people like? You just want to live in a John Wayne movie, smoke cigars, and shoot indians?
    Ted Cruz is the dumbest person alive.

  8. #308
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by whysoserious View Post
    So raise taxes. End the Bush tax cuts, close corporate loopholes. Then, cut reckless spending (maybe check out some of that defense spending) and streamline government. We could also switch over to universal health care, which if you compare our privatized system to others, we'd save about 2,500 a person - but that's neither here nor there.
    Yes yes... let's just use how expensive alternative fuels are to buy into the Progressive socialist change over of the country!

    Quote Originally Posted by whysoserious View Post
    Look, you are comparing a financial issue to an energy issue. They are not the same, and considering the conservative tactic for any emergency is to cut taxes, I don't see how we can every find our way to energy independence or budget surplus.
    They're tightly combined - energy and economics... let's take it in steps shall we? How about we first set a goal to cut discretionary spending, and balance the budget before we jump ahead and start trying for a budget surplus. The progressive liberal in the White House just spent 4 trillion dollars in 2 years on bail outs. I think we need a breather, given the return on jobs, investment, housing, and now inflation starting to kick in... the improvements in our lives aren't quite what was expected.

    Quote Originally Posted by whysoserious View Post
    What change do you people like? You just want to live in a John Wayne movie, smoke cigars, and shoot indians?
    Actually, I'd like change to be stop spending like drunken socialists on a bender, I'd like fiscal responsibility, I'd like government waste to be culled, earmarks erradicated, healthcare left to the states, the Fed shrunken, the FCC, EPA, Dept. of Ed, and a whole other host of nonsense like it removed from government and those buildings either bull dozed or rented to the private sector. And let's not kid ourselves, there aren't enough indians to shoot and we've shot them enough... but open day on progressive liberals sounds much more fun.
    Last edited by Ockham; 03-01-11 at 11:08 AM.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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

    Quote Originally Posted by UtahBill View Post
    And as I said, natural gas is dangerous, you won't be allowed to fill your own tank.

    Nonsense. When I started driving truck some 20 years ago, I worked for Schwans home delivery. Crappy job, but their trucks even back then were powered by propane. We filled them ourselves, and I saw really very little difference between them and diesel trucks.


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

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

    Quote Originally Posted by UtahBill View Post
    We have plenty of money, it is just being misspent. There are trillions in IRA and 401k accounts that could be spent to stimulate the green industries if the govt allowed those funds to be withdrawn at a preferred tax rate, like the 15% that the rich pay on capital gains, as long as the money is spent on green related products. Lots of industries have lots of cash on hand, but aren't hiring until they see the recession dead and buried.

    Wow! here we go folks. raiding peoples 401K's? How despicable does a liberal have to be to consider stealing peoples own savings to fund their pie in the sky agendas?


    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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