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Oil industry worries Libya unrest could spread

apdst said:
LMAO!!!!!!!!!! Where do get that from?
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Can't you read?
http://www.eia.doe.gov/emeu/mer/pdf/pages/sec3_3.pdf


No dumber than causing gas prices to head toward double digits and not try to do a damn thing about it.
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Are you dumb enough to believe we can do anything about gas prices? Are you dumb enough to think increasing deepwater permits will lower gas prices? Are you dumb enough to believe the oil companies want lower gas prices?

The oil companies love this. They are in the business to make money, not lower gas prices.
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USA_1 said:
apdst said:
Can't you read?
http://www.eia.doe.gov/emeu/mer/pdf/pages/sec3_3.pdf
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I don't see where oil companies are drilling more, in safer fields. Not from your link.


Are you dumb enough to believe we can do anything about gas prices? Are you dumb enough to think increasing deepwater permits will lower gas prices? Are you dumb enough to believe the oil companies want lower gas prices?

The oil companies love this. They are in the business to make money, not lower gas prices.
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I'm smart enough to know that we can't just shut down domestic production and expect everything to be honkey-dorey.
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apdst said:
USA_1 said:
I don't see where oil companies are drilling more, in safer fields. Not from your link.




I'm smart enough to know that we can't just shut down domestic production and expect everything to be honkey-dorey.
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The link showed US oil production was up since Obama took office. It was down during the last administration.

Since oil is a global market does it really matter where the oil companies drill? So Obama put a deepwater moratorium in the Gulf to protect the US. It really had no effect in the grand scheme of things. It was an insignificant amount of oil anyway.

Speculators drive up the price to the delight of the oil companies.
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USA_1 said:
apdst said:
The link showed US oil production was up since Obama took office. It was down during the last administration.

Since oil is a global market does it really matter where the oil companies drill? So Obama put a deepwater moratorium in the Gulf to protect the US. It really had no effect in the grand scheme of things. It was an insignificant amount of oil anyway.

Speculators drive up the price to the delight of the oil companies.
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Do you understand how speculation works? They speculate future supply and with drilling moratoriums, they can easily speculate that supplies will be down.
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apdst said:
USA_1 said:
Do you understand how speculation works? They speculate future supply and with drilling moratoriums, they can easily speculate that supplies will be down.
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Speculation is a bet if prices will rise. In the artificial oil market, supply has nothing to with it. In 2006 prices reached record levels while supplies grew. I don't think you understand how speculation works.
Fear can cause prices to rise more than supply.


http://www.cnbc.com/id/41495698/New_Drilling_Method_Opens_Vast_Oil_Fields_in_US

A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
Robert Nickelsberg | Getty Images
Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day—more than the entire Gulf of Mexico produces now.
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USA_1 said:
apdst said:
Speculation is a bet if prices will rise. In the artificial oil market, supply has nothing to with it. In 2006 prices reached record levels while supplies grew. I don't think you understand how speculation works.
Fear can cause prices to rise more than supply.
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Fear of a low supply. It's called, "supply and demand".
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The oil industry isn't worried. They're going to make money beyond their wildest dreams as the unrest spreads. If there's one thing that we've learned about the oil industry over the past 30-40 years, it's that it cares about nothing but profit. The oil industry doesn't even care if America enters a depression because prices rise beyond affordability. We know this because they have been lobbying with success to block all alternatives to oil for decades now, even after the 70's recession and the OPEC crisis. They simply do not care.

Every time the oil industry says it cares, it's just public relations. All their actions, and I mean all of them, are evidence to the contrary. They would sell America to the devil if it could get them the very last dollar on planet earth. I can't wait for them to fall out of fashion.
 
apdst said:
USA_1 said:
Fear of a low supply. It's called, "supply and demand".
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2006 proved that fear of low supply has nothing to do with oil speculation. Record prices and record supplies. It's like speculation that caused the housing bubble. They were building houses faster than they could sell them and supplies were huge yet prices skyrocketed.

http://www.globalresearch.ca/index.php?context=va&aid=8878


The price of crude oil today is not made according to any traditional relation of supply to demand. It’s controlled by an elaborate financial market system as well as by the four major Anglo-American oil companies. As much as 60% of today’s crude oil price is pure speculation driven by large trader banks and hedge funds
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Temporal said:
The oil industry isn't worried. They're going to make money beyond their wildest dreams as the unrest spreads. .
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Of course they are. Instabilty in the Mid East is what oil companies pray for. GWB helped it a long a little.
 
Temporal said:
The oil industry isn't worried. They're going to make money beyond their wildest dreams as the unrest spreads. If there's one thing that we've learned about the oil industry over the past 30-40 years, it's that it cares about nothing but profit. The oil industry doesn't even care if America enters a depression because prices rise beyond affordability. We know this because they have been lobbying with success to block all alternatives to oil for decades now, even after the 70's recession and the OPEC crisis. They simply do not care.

Every time the oil industry says it cares, it's just public relations. All their actions, and I mean all of them, are evidence to the contrary. They would sell America to the devil if it could get them the very last dollar on planet earth. I can't wait for them to fall out of fashion.
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To be replaced, by whom?
 
USA_1 said:
Of course they are. Instabilty in the Mid East is what oil companies pray for. GWB helped it a long a little.
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Ok...how is it Bush's fault...this time? :rofl
 
apdst said:
Ok...how is it Bush's fault...this time? :rofl
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Invading Iraq and Afghanistan may have destabilized the region a little. Don't you think? You guys are giving him credit for the revolutions over there aren't you? Spreading democracy is a little destabilizing.

What GWB did sure didn't make the ME a more stable place, now did it?
 
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USA_1 said:
Invading Iraq and Afghanistan may have destabilized the region a little. Don't you think? You guys are giving him credit for the revolutions over there aren't you? Spreading democracy is a little destabilizing.

What GWB did sure didn't make the ME a more stable place, now did it?
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LOL..so it is Bush that encouraged the spread of democracy in the ME?
 
apdst said:
LOL..so it is Bush that encouraged the spread of democracy in the ME?
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Did he encourage democracy? Or did he just do it for the oil?

Whatever the reason, his actions did destabilized the entire region a little bit. Don't you agree?

Who really knows why Bush invaded Iraq.
 
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Temporal said:
To be replaced by sane alternatives which are already widely available. Nuclear is one.
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Whose going to pay for that? A better question: who are the guys that are going to make up the next generation of rich ass energy barons?
 
apdst said:
Whose going to pay for that? A better question: who are the guys that are going to make up the next generation of rich ass energy barons?
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I don't really care if people get super rich off the energy sector, as long as the energy itself is properly maintained and isn't harming the environment or people. Unlike many I am not an enemy of profit. In fact, I would like to see the green energy sector become profitable so that those addicted to money making (like the oil industry) could shift gears and channel their obsession into something that is good for everyone.
 
Temporal said:
I don't really care if people get super rich off the energy sector, as long as the energy itself is properly maintained and isn't harming the environment or people.
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So, what's to become of all that nuclear waste?


Unlike many I am not an enemy of profit.
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Right! :)


In fact, I would like to see the green energy sector become profitable so that those addicted to money making (like the oil industry) could shift gears and channel their obsession into something that is good for everyone.
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The oil companies--the big ones anyway--have dumped billions into green energy projects and can't make them work. Shell abandoned it's green energy projects, because they're just not practical enough to bring on line.

I've said all along, that is green energy was a winner, the oil companies would already have their thumb in that pie, which is why it's foolish to up-n-halt oil production in favor of green energy.
 
apdst said:
So, what's to become of all that nuclear waste?
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It gets burried in special places, like it always has.

apdst said:
The oil companies--the big ones anyway--have dumped billions into green energy projects and can't make them work. Shell abandoned it's green energy projects, because they're just not practical enough to bring on line.
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Can't make them work? I don't think that's what happened. Europe is making them work, even if only as a supplement. The thing is that we don't have to completely cut out oil just yet, we only need to learn to conserve and supplement. If we could even cut oil use in half, that would save us a lot of money on useless wars and having to uselessly drill in places only to find oil that will last us another couple of years. Our enemies have a strangle hold on us and it's mostly all resource based.

apdst said:
I've said all along, that is green energy was a winner, the oil companies would already have their thumb in that pie, which is why it's foolish to up-n-halt oil production in favor of green energy.
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Hmmm I don't think so. Green energy is not as profitable as oil in the long term because there is no real processing involved, just maintenance of the technology. If you put up a solar pannel, the energy is coming from the sun, not digging something out of the earth and processing it. The oil market is also tentatively more lucrative because the demand is still so high. There are always buyers. Green technology has not reached demand levels that are profitable.

We could make the technology work. It's widely available. The problem is incentivizing the shift, and the government doesn't seem to want to do that, even though it would be cheaper than dishing out trillions on foreign resource wars.
 
Temporal said:
It gets burried in special places, like it always has.



Can't make them work? I don't think that's what happened. Europe is making them work, even if only as a supplement. The thing is that we don't have to completely cut out oil just yet, we only need to learn to conserve and supplement. If we could even cut oil use in half, that would save us a lot of money on useless wars and having to uselessly drill in places only to find oil that will last us another couple of years. Our enemies have a strangle hold on us and it's mostly all resource based.



Hmmm I don't think so. Green energy is not as profitable as oil in the long term because there is no real processing involved, just maintenance of the technology. If you put up a solar pannel, the energy is coming from the sun, not digging something out of the earth and processing it. The oil market is also tentatively more lucrative because the demand is still so high. There are always buyers. Green technology has not reached demand levels that are profitable.

We could make the technology work. It's widely available. The problem is incentivizing the shift, and the government doesn't seem to want to do that, even though it would be cheaper than dishing out trillions on foreign resource wars.
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That's not the government's job.
 
apdst said:
No dumber than causing gas prices to head toward double digits and not try to do a damn thing about it.
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We were warned 40 years ago when we passed peak oil in this country. Its kind of late to be whining about it just now isn't it?
 
Catawba said:
We were warned 40 years ago when we passed peak oil in this country. Its kind of late to be whining about it just now isn't it?
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Carter came up with a plan to make the US energy independant and Reagan scrapped it because oil company profits were dropping.
 
USA_1 said:
Carter came up with a plan to make the US energy independant and Reagan scrapped it because oil company profits were dropping.
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Yep, I was there and saw how tragically short-sighted that was. That short-sightedness is being brought home more and more in soaring gas prices as we approach world peak oil. But despite the warning by the military, some still don't get the connection. We've made paying the piper so much more expensive for ourselves than we needed to.
 
Catawba said:
Yep, I was there and saw how tragically short-sighted that was. That short-sightedness is being brought home more and more in soaring gas prices as we approach world peak oil. But despite the warning by the military, some still don't get the connection. We've made paying the piper so much more expensive for ourselves than we needed to.
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I was there too. It was amazing that right after sufferring the oil crisis they acted like it would never happen again. Reagan's shortsightedness and his support of oil company profits led this country down the road to disaster. Now Reagans the hero and Carters the goat. Go figure.
 
USA_1 said:
I was there too. It was amazing that right after sufferring the oil crisis they acted like it would never happen again. Reagan's shortsightedness and his support of oil company profits led this country down the road to disaster. Now Reagans the hero and Carters the goat. Go figure.
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Some people can lean no other way than the hard way.
 
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