• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Oil rises above $90 amid US crude supply drop

Catawba said:
Thanks for your opinion but I've got to go with the experts. :sun
Click to expand...

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
Click to expand...
 
Last edited:
katsung47 said:
With these experts, you go to war with their 'WMD' information.
Click to expand...

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. :sun
 
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.
 
Catawba said:
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. :sun
Click to expand...

Sanctions? You mean like the oil for food scam?
 
today:

Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations.

The company’s dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA's efforts to impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic.

"Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy," said[west virginia senator joe] Manchin, an outspoken critic of the EPA.

In a statement outlining its plan to comply with EPA's regulations, AEP said it would need to retire 6,000 megawatts of coal-fired power generation in the coming years.

The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.
Click to expand...

AEP says it will close five coal plants to comply with EPA regs - The Hill's E2-Wire

remember when the slasher asserted: "so if somebody wants to build a coal-powered plant they can, it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted"

party on, progressives

seeya at the polls
 
The Prof said:
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
Click to expand...


Umm


The link states a discovery of 700 million barrels

That might be something to right home about if you are say Singapore, but Venezuela has 100 times that at least (counting very heavy crude), Heck ANWAR, a mid sized field has 10 times that
 
Obama is great a lying to us just about every time he opens his damn mouth. so why doesn't he lie to the World and announce plans to open up every possible oil field close to or in the US.

The thought of it should have some immediate affect on oil prices because the Middle East can't live without our money.

In the mean time there are places that can be opened right away to make the whole lie seem more plausible.

It's move political move but economies are based what people believe not reality.
 
Lord Tammerlain said:
That might be something to right (sic) home about
Click to expand...

umm

the "venezuela or kuwait" the gray lady reported on on may 27 was eagle ford, southwest texas

as stated plainly above, in common english
 
NEW YORK (CNN/Money) – "Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S."

"Country City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12"

CNN/Money: Global gas prices
 
The Giant Noodle said:
And we SHOULD! Are you saying our Nation should have the same prices as Europe? $11 a gallon? Give me a break man.
Click to expand...

What's to bitch about? We have some of the lowest gas prices in the world. If you want lower gas prices, lower consumption.
 
Deuce said:
Who elected the Department of Defense?
Click to expand...


Hmmm...I am looking at my constitution and can't seem to find the epa in there anywhere, but you know what is? that's right defense. Whether you like it or not.

j-mac
 
Catawba said:
NEW YORK (CNN/Money) – "Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S."

"Country City Price in USD Regular/Gallon
Netherlands Amsterdam $6.48
Norway Oslo $6.27
Italy Milan $5.96
Denmark Copenhagen $5.93
Belgium Brussels $5.91
Sweden Stockholm $5.80
United Kingdom London $5.79
Germany Frankfurt $5.57
France Paris $5.54
Portugal Lisbon $5.35
Hungary Budapest $4.94
Luxembourg $4.82
Croatia Zagreb $4.81
Ireland Dublin $4.78
Switzerland Geneva $4.74
Spain Madrid $4.55
Japan Tokyo $4.24
Czech Republic Prague $4.19
Romania Bucharest $4.09
Andorra $4.08
Estonia Tallinn $3.62
Bulgaria Sofia $3.52
Brazil Brasilia $3.12
Cuba Havana $3.03
Taiwan Taipei $2.84
Lebanon Beirut $2.63
South Africa Johannesburg $2.62
Nicaragua Managua $2.61
Panama Panama City $2.19
Russia Moscow $2.10
Puerto Rico San Juan $1.74
Saudi Arabia Riyadh $0.91
Kuwait Kuwait City $0.78
Egypt Cairo $0.65
Nigeria Lagos $0.38
Venezuela Caracas $0.12"

CNN/Money: Global gas prices
Click to expand...

Is that because of over taxing?
 
Catawba said:
Exactly, we have some of the lowest gas prices in the world and still people bitch. :sun
Click to expand...

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
 
ptif219 said:
If we would drill where we have oil and not export it and increase refinery capacity that would not affect us
Click to expand...

Yes it would
Oil is an internationally tradable commodity. The price of which is set based on international demand and supply.


An increase in supply will decrease the price from what it would be if the extra supply had not been avaliable. It does not mean the price would actually go down, just that it may not go up as much as it would have. Given the amount of oil demand coming from China and India, and how much it is increasing, oil prices are unlikely to decrease very much unless masssive supplies come on to the market (Anwar would not be considered massive)
 
You must log in or register to reply here.
Back
Top Bottom