• 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

j-mac

DP Veteran
Joined
Mar 11, 2009
Messages
41,104
Reaction score
12,202
Location
South Carolina
Gender
Male
Political Leaning
Conservative
SINGAPORE (AP) -- Oil prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.

Benchmark oil for February delivery was up 19 cents to $90.01 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose 45 cents to settle at $89.82 on Tuesday.

Oil rises above $90 amid US crude supply drop - Yahoo! Finance


Here we go on our way to another manufactured crisis from Obama, and the radical leftist in this country.

I hope we last two more years.


j-mac
 
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.
 
Last edited:
We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

Stupid.
 
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.



How would you think it would lessen when Obama's stated goal in the campaign of '08 was exactly this?


j-mac
 
I didn't know that Obama had the power to set oil prices....or manufacture a crisis...

We need to tax gasoline more. Due to better mileage, we use less of it, tax revenues are down.
Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution. We all know that is an evil leftist plot to make us breathe cleaner air. Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges. An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.
Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...
All evil plots..surely we are doomed.:(
 
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.

Have you looked at commodity prices recently. The market for our grains have gone up something like 50% this year causing hardships for the poor around the world. Thank the Fed with it's QE2. They have said they wanted inflation and are getting it where it hurts the poor disproportionately.
 
We are the laughingstock of the world. We're sitting on more oil than probably any country in the world, and yet, we won't use our OWN resources.

Stupid.

I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.

Since oil is a finite resource, and we know it is, are we really hoarders?
 
Last edited:
Have you looked at commodity prices recently. The market for our grains have gone up something like 50% this year causing hardships for the poor around the world. Thank the Fed with it's QE2. They have said they wanted inflation and are getting it where it hurts the poor disproportionately.

Cereal grains are higher due to poor crop harvests worldwide, due to droughts in key countries. I read that Russia won't be exporting any wheat this year.
Poor countries are in trouble, most certainly.
 
I didn't know that Obama had the power to set oil prices....or manufacture a crisis...


Hmmm....You didn't? Where you been? When Bush was in and oil hit record highs, liberals like you argued that exact thing.....Now it seems fuzzy?

We need to tax gasoline more.

Standard liberal response....."Tax, tax, tax...."


Due to better mileage, we use less of it, tax revenues are down.

But wait, I thought that the 'Peak Oil' nuts argued the exact opposite?

Back in the 70's, the liberal left forced govt to force car makers to make their engines burn fuel cleaner, to lessen pollution.

Yep, and we said goodbye to Muscle cars....Shame.

We all know that is an evil leftist plot to make us breathe cleaner air.

No one said that, so straw arguments although fun, are not so productive....

Side effects, also evil, was that the cars get better gas mileage and produce more power and torque. And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.

Seems to me that liberals never think of the unintended consequences to their knee jerk actions.

And of course, less fuel purchased, less tax revenues to maintain our roads and bridges.

Is that the reason, or could it be that highway funds are usually one of the first things raided by liberals to spend on their pet spending projects?

An evil plot to make the USA a lesser economic power in the world. We will probably become a debtor nation soon, oh , wait, we already are.

Again, probably due to increased spending with abandon. Not because we don't tax enough.

Imagine if the liberal left also forces govt to force construction companies to build with better building codes that are aimed at making those buildings use only half the energy they do now....
We would need less fuel to make electricity, less natural gas to heat the buildings, and we could probably stop using coal altogether...

What can you see taking the place of coal?

All evil plots..surely we are doomed.

the only thing I see as truly 'evil' Bill, is your attempt to minimize concerns. Or that liberals believe that the money I earn is theirs, and they "allow" me to keep some of it.


j-mac
 
I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.

Since oil is a finite resource, and we know it is, are we really hoarders?

nah, just dumb for not exploiting it to make ourselves less dependant on other sources hostile to us, while at the same time not seriously putting in place other options to oil.


j-mac
 
Cereal grains are higher due to poor crop harvests worldwide, due to droughts in key countries. I read that Russia won't be exporting any wheat this year.
Poor countries are in trouble, most certainly.

So you do not think QE2 has anything to do with the runup in commodity prices. Go back to August when the Fed started hinting about Qe2 and look at what a variety of commdoities, including oil have done.
 
nah, just dumb for not exploiting it to make ourselves less dependant on other sources hostile to us, while at the same time not seriously putting in place other options to oil.


j-mac

Or dumb like fox...
 
Or dumb like fox...

somehow I don't see Obama as being the one utilizing our resources to this extent. it would be great if he would, and at the same time pursue other energy agendas, keeping the American people in mind that pay for the energy, however, this is what he sees....





j-mac
 
somehow I don't see Obama as being the one utilizing our resources to this extent. it would be great if he would, and at the same time pursue other energy agendas, keeping the American people in mind that pay for the energy, however, this is what he sees....





j-mac
So you want less taxes AND cheaper energy? BTW, cap and trade is dead .
 
So you do not think QE2 has anything to do with the runup in commodity prices. Go back to August when the Fed started hinting about Qe2 and look at what a variety of commdoities, including oil have done.

OK, cereal grains are higher, PRIMARILY, due to poor crop harvests...
It would help if you read some world news occasionally...
The info is still there, just google for it...
 
Hmmm....You didn't? Where you been? When Bush was in and oil hit record highs, liberals like you argued that exact thing.....Now it seems fuzzy?



Standard liberal response....."Tax, tax, tax...."




But wait, I thought that the 'Peak Oil' nuts argued the exact opposite?



Yep, and we said goodbye to Muscle cars....Shame.



No one said that, so straw arguments although fun, are not so productive....



Seems to me that liberals never think of the unintended consequences to their knee jerk actions.



Is that the reason, or could it be that highway funds are usually one of the first things raided by liberals to spend on their pet spending projects?



Again, probably due to increased spending with abandon. Not because we don't tax enough.



What can you see taking the place of coal?



the only thing I see as truly 'evil' Bill, is your attempt to minimize concerns. Or that liberals believe that the money I earn is theirs, and they "allow" me to keep some of it.


j-mac
Liberals like me? I vote republican, and repent later. Always have, except for Jimmy Carter, the only president who ever tried to give us an energy plan.

See, once you start going stupid, I tend to stop reading your posts.
BTW, today's muscle cars are far superior in performance to those of the 70's.....except the smell, old muscle cars dump a lot of partially burned fuel into the air, with lead as an octane booster. You really shouldn't breathe much of it, it makes you stupid.

Use less electricity by conserving (Architecture 2030 plan), and we will need fewer power plants, then use nuclear instead of coal.
 
I wonder if that's true, Erod. I wonder if oil-producing nations resent us for this very reason.

Since oil is a finite resource, and we know it is, are we really hoarders?

No, they love us for it. They're drilling the gulf right now in droves while we refuse, too.

And it's not finite really. We've got 500 years of untapped oil in this planet, plenty of time to find an alternative. We've barely scratched the surface of the oil supply.
 
So you want less taxes AND cheaper energy? BTW, cap and trade is dead .


Yep. and Yep. Yeah, it's dead for now, until the next manufactured crisis comes out.....


Liberals like me? I vote republican, and repent later. Always have, except for Jimmy Carter, the only president who ever tried to give us an energy plan.

You voted for Carter?...Oh my.

See, once you start going stupid, I tend to stop reading your posts.

name calling? thanks for that Mr. Allensky.

BTW, today's muscle cars are far superior in performance to those of the 70's.....except the smell, old muscle cars dump a lot of partially burned fuel into the air, with lead as an octane booster. You really shouldn't breathe much of it, it makes you stupid.

eh, debate for another time....

Use less electricity by conserving (Architecture 2030 plan), and we will need fewer power plants, then use nuclear instead of coal.

Ok, I am for more nuclear, and whatever else you can think of. Just don't cut off the current energy til we have those in place, and working. Oh, and what do you think WVA, Western VA, KY, OH, and others in the coal producing belt will switch their jobs to?


j-mac
 
No, they love us for it. They're drilling the gulf right now in droves while we refuse, too.

And it's not finite really. We've got 500 years of untapped oil in this planet, plenty of time to find an alternative. We've barely scratched the surface of the oil supply.

But we will run out of the sweet crude, and the easy to get crude, eventually. I think the best reason for using less of it now is to reduce pollution, with a secondary reason that it IS a finite resource, and we should't be wasting it.

I don't share the opinion that 500 years is "plenty of time". Scientific progress can't be assigned a timetable. Plus, with the world population growing, and demanding more energy, who can say that the 500 year estimate isn't just a wild guess?
 
Yep. and Yep. Yeah, it's dead for now, until the next manufactured crisis comes out.....




You voted for Carter?...Oh my.



name calling? thanks for that Mr. Allensky.



eh, debate for another time....



Ok, I am for more nuclear, and whatever else you can think of. Just don't cut off the current energy til we have those in place, and working. Oh, and what do you think WVA, Western VA, KY, OH, and others in the coal producing belt will switch their jobs to?


j-mac

Yes, Carter....like I said, he had an energy plan. No other president since has even come close. Carter was an engineer, he understood energy issues far better than any president since.
Coal producing states will have to find ways to use coal in other ways. I looked it up once, there are lots of other uses for coal.
OR, instead of digging for coal, plant pot. There will always be a market for good pot...
 
Yes, Carter....like I said, he had an energy plan. No other president since has even come close. Carter was an engineer, he understood energy issues far better than any president since.

Come close? he installs a couple of solar panels, and tells the American people to put on a sweater, meanwhile places price controls on fuel and causes a gas shortage? That is the best ever in your mind?


Coal producing states will have to find ways to use coal in other ways. I looked it up once, there are lots of other uses for coal.
OR, instead of digging for coal, plant pot. There will always be a market for good pot...


IOW, screw the coal producing states, got it.....


j-mac
 
Come close? he installs a couple of solar panels, and tells the American people to put on a sweater, meanwhile places price controls on fuel and causes a gas shortage? That is the best ever in your mind?





IOW, screw the coal producing states, got it.....


j-mac

How did he cause oil shortages? by pissing off the OPEC countries, maybe?

Coal producing states should be protected from economic reality? What are you, some kind of socialist?:2razz:
 
Come close? he installs a couple of solar panels, and tells the American people to put on a sweater, meanwhile places price controls on fuel and causes a gas shortage? That is the best ever in your mind?





IOW, screw the coal producing states, got it.....


j-mac

Ever hear of the algae to diesel project? started under the Carter administration, still going even tho its budget was cut by Reagan. Looks promising..
There was other research as well, perhaps you could google it.
I would like to school you on energy issues, but if I do it for you, I will have to do it for all the others..:2wave:
 
3.10 a gallon here. I thought when Bush and Cheney got sent packing this oil choke-hold on America would lessen.

Maybe we should double our wheat prices, and any other thing those middle-easterner's need from us.

WTF? Maybe a boycott like Carter, eh? That way the Canadians and Russian can sell them wheat.
 
All of this translates into a reduction in the average American standard of living. It will embitter people.
 
Back
Top Bottom