Smart money is on the OPEC world actually getting their act together while we dither about and the REST OF THE WORLD decides to actually drill.... what is not to understand?
And yea.... we do need to act like the UNITED states.... cause well, we don't
http://www.chinadaily.com.cn/english/doc/2005-07/14/content_460248.htm
http://forum.greenpeace.org/int/showthread.php?t=2190
Shit... let the envionmental loonies wake up... at least we would do it right... but these groups? you think that they give a rat's ass about the environment? Because we failed to do this... others will step up to the plate and destroy the environment... then where will we be?
-- Modified on 11/7/2007 4:44:43 AM
Obviously, the Left will continue to point fingers at the Right, while the Right will continue to point fingers at the Left.
But really, what does this portend for us in the future?
Just once, can we keep it informative not disruptive?I do not want to read any right wing bullshit about Pelosi and Reid, and I do not want to read any left wing bullshit about Exxon and Bush.
We have some serious issues confronting us as a nation. It's truly time to start acting like the UNITED States.
"But really, what does this portend for us in the future?"
Unfortunately, this only confirms the fact that the US will be reduced to a second rate economic power in a few short decades.
The one benefit a weak dollar is supposed to bring, is to increase exports thus reducing the trade deficit. I don't see any evidence of this happening. I believe we have already started down the slope of economic mediocrity, and I don't see a turnaround in our future.
As you know I am in the oil business, even I don't want to see oil go any higher in the near future. I live in this country right along with the rest of you and I certainly don't want to trade short term profits for a long term economic catastrophe for this country.
Gonzo,
Nice post.
You forgot to mention Gold and Silver at all time highs.
Cramer comes on everyday to help you through the market ups and downs.
Life is good...go 14,400 DOW!
The only serious issues I see is that the Left Wing Loons will elect Hillary a year from now and Charles Rangel will stangle us with the largest tax hike in history.
Maybe because people think the world is going to hell?
That's usually when hard assets go thru the roof.
Not that I agree the world is going to hell, but our little corner of it is likely to see some rather rocky times.
Would you happen to remember the 70s when gold was at this same price. And Chrysler was $17 cent a share? Do you remember why?
We do indeed have serious issues. While a weak dollar encourages exports, we have very little in the way of finished goods to export as manufacturing here belongs to history.
What it should portend for the future is massive efforts to get off oil as an energy source. Aside from the high cost per barrel it is past time to look at the higher hidden costs we pay for our oil addiction in health care and the damage to the environment.
I believe there is a revolution in our future, an uprising against the corruption in both parties that has sold us to the multinationals. Dem or Rep, they answer to business and business has no motive but profit.
A combination of over 150,000,000 pistols, shot guns, lever action, bolt action, semi-auto and clandestinely owned fully automatic rifles owned by John Q Public and aimed directly at Washington DC would suit me just fine.
The way the last 25+ years of administrations has trampled the Constitution and cut the living heart out of it I doubt our forefathers would much find fault with such a scenario.
out of 150,000, how many do you think could hit a barrel at 50 yards?
How many do you think would shoot some part of their own body or gear?
and while we're at it, why don't you share what "living heart" of the constitution you have in mind here?
Just asking, you know.
any particular third of the barrel?
can probably do it.
But the question is, how many do you think can do it?
it ain't an instinctive skill. I'd bet not 10% could do it with 5 rounds. That's half a football field off, and if you don't know what you're doing, it's easy to miss.
I rarely practice a fifty yards, but with my Glock I can put them all in the black at twenty five. With a rifle, a silver dollar should cover your pattern at a hundred yards.
I do hear what you're saying though, back in the seventies when I took basic training, you were consindered an expert if you could basically hit the broad side of a barn.
""With a rifle, a silver dollar should cover your pattern at a hundred yards."""
that would be some really good shooting
i grew up shooting on a farm. i don't know about targets but at 50 yds i could go 5 for 5 on something 2x2
i doubt 1 in 10 could do that
I really don't think you have ever read any part of the constitution or understand any line of it.
Stay home next Nov please.
Between F_C_F’s liberal based rant alluding to gun owners not possessing practical gun control and your erroneous fear born allegations of my not knowing where the Neocon Nazi’s have eviscerated citizen privacy, freedom from unreasonable search AND seizure, marginalization of freedom of speech. loss of Habeus Corpus, manipulation/usurping of the 10th Amendment anon anon anon I just don’t know where to start to calm your vitriol.
All I can say is; at least for myself I have no problem staying in and around the “10 ring” with either pistol or long gun, and as for my understanding of the supreme law of the land I’ve been carrying an often read copy of it in my breast pocket for near thirty years.
Oh! Sorry to dissapoint; but you can count on me being at the polls next November.
because I useta train them suthin boys who were supposed to be such good shots when they joined the Marines. Feh. Their daddies couldn't teach them to brush their fucking teeth, let alone recognize the black part of a target.
Was intolerance part of your military training?
-- Modified on 11/7/2007 12:35:24 PM
fucksticks, fucktards, dipshits and all others remaining to be named equally.
You can give up the victim shit anytime. I ain't impressed.
I'm sure we disagree about it, but would you like to take any bets on who would win any ruling?
on the US Economy. So what does the rapid increase in oil portends economically and politically? Well let us look at some economic facts:
1) Eight of ten postwar U.S. recessions closely followed an oil-price spike. According to ex-Fed Chairman Alan Greenspan; “all economic downturns in the United States since 1973…have preceded by sharp increases in the price of oil”
2) Oil-price volatility poses major risks to these industries the auto industry, airlines, trucking. For every penny-per-gallon increase in the price of jet-fuel airlines lose $180 million dollars per year. One in ten jobs in the U.S. are linked to the auto industry.
Get the picture, as oil prices increase, the import deficit increases equals a decrease in the value of the dollar. The devaluation can either be bad thing or a good thing. Your trip to Europe (unless you bought Euros on the Forex) will cost more, the Volvo you drive will cost more. Foreign companies may decide to buy American owned companies, for example the Canadian Pacific recently bought out the DM & E Railroad. The exports may increase due to our products being cheaper.
Now a new wrinkle to the volatility in oil prices is the aspect of Terrorism. Al Qa’eda calls oil the “umbilical cord and lifeline of the crusader community”. Yesterday an attack on Yemeni oil pipeline resulted in today'’ oil price increase.
Obviously, there is more I can add, but I like to begin with a rational and thoughtful discussion. We deserve to be better informed.
What a dunce.
Oil is a bargain adjusted for inflation.
Have you ever traveled around the world and bought petrol???????????
Oil will be at $200 in 2010 and still the egg sucking tree huggers will being active to stop us from owning our own oil.
As far as oil being a bargain. Well I was only talking about the direct costs of petrol. From 1975 - 2003 Americans have sent $2.2 trillion dollars for net oil imports. I do not have the economic figures what the recent oil spike will cost in our oil/GDP ratio, but it will not be good.
With the influx of oil dollars Dubai can buy our port business etc. The indirect costs of oil is the military infrastructure needed to sustain our thirst for oil crude. In a 2000 US Government Defense Department document it was estimated $54-$84 billion dollars in 2000 pro rata dollars is spent on military costs to keep the oil flowing.
Why do you think we have bases in Diego Garcia, UAE etc? ...because of our benevolent nature. to support these bases cost money. Listen buddy, you really think President George H.W. Bush would have sent my unit in 1991 to liberate Kuwait if the country grew broccoli?
I am not a liberal parasite, however one must be true to facts in order to have a rational discussion on the important topic of energy. Personally, oil prices are good for me because I have invested wisely in commodities and in industries that benefit from high energy costs. Now who is the dunce?
-- Modified on 11/6/2007 8:44:14 PM
Good for you. Investing is the the key. Keep it up. I love these high oil prices and the dollar sinking against other currency. Great opportunities abound.
I thank the world coalition for going in and kicking Sadam's ass out of Kuwait. If you were there , thank you. Yes it was about the oil and of course our friends the Kuwaitees.
I still think the oil is a bargain and so is my SUV tank full.
I know its not going to be in your lifetime but soon oil will be less important as the world discovers other ways to jet us around. What do you suppose those Arabs are going to do then?
Back to being Camel Jockies I guess.
Beam me up Scotty.
military infrastructure needed to protect and preserve the flow of oil, we have a large civil infrastructure i.e. Interstate highways, bridges that is required to support the automobile.
In California, 45 billion dollars a year is needed a year to maintain and repair the roads. Bridges are collapsing in Minnesota and roads are in disrepair. The true cost of a gallon of gasoline is more like $7.00 to $8 dollars a gallon and that is a conservative estimate.
Now the good thing is that there are solutions to our energy challenges but it is going to require people to stop listening to lawyers from the Sierra Club and automobile corporations and start listening to engineers.
dismiss your statements, that's a pretty good sign that you are on target.
Here's is something else to consider.
The idea of taking the problem out of the hands of politicians and giving it to the engineers makes perfect rational sense to me.
And as for PetroChina..... it was inevitable. With the price of oil skyrocketing by the hour, volatile market forces are creating a petroleum google.
So what happens next? China makes deals with Cuba to drill off the Florida coast almost in sight of Key West? Oh wait, they've already done that.
Will they attempt to tap into the reserves along the Pacific Coastline? Oh wait, they're already building drilling platforms just outside US territorial waters. Horizontal drilling technology. At least I think thats what they call it.
And then there's.... well, you get the idea.
So how soon before we send our military to protect our dwindling untapped oil reserves before the prestidigitate that oil up from underneath us?
Oil is that important. If we don't do what is necessary you can bet somebody else will, namely the Chinese.
The problem is, as you are no doubt aware, that nothing we do in the way of drilling for oil is going to amount to anything more than a bandaid, we and the rest of the world(especially us) just use too much oil. It will be impossible to make up the shorfall.
With all the fuss about Anwar, the field is only capable of producing about a million barrel a day, less than 5% of what we use. We cannot drill our way out of this. We need new technolgies.
Market forces are currently at work shifting us away from the volatile prices of oil to another carbon-based fuel - coal and oil shale. Power companies per the latest U.S. Department of Energy Report dated October 10, 2007, more than 150 new coal-fired power plants are in the process of being applied for, planned and constructed. Where are they? Please check out the attached link.
Why coal and oil shale? Because both the United States and Canada have plenty of it. With the price increase in oil, coal is now an viable economic and political alternative.
As far as Petrol China I would look at the their capitalization announcements with a grain of salt. 90 percent of Petrol China is owned by the Chinese government as is most of their corporations.
With oil climbing to $100 or more, many resources are now viable.
The trillion dollar market cap of Petrol China is not what bothers me. The fact that the Chinese will do whatever it takes to protect their interests, while our political will is far more suspect, is what worries me.
Smart money is on the OPEC world actually getting their act together while we dither about and the REST OF THE WORLD decides to actually drill.... what is not to understand?
And yea.... we do need to act like the UNITED states.... cause well, we don't
http://www.chinadaily.com.cn/english/doc/2005-07/14/content_460248.htm
http://forum.greenpeace.org/int/showthread.php?t=2190
Shit... let the envionmental loonies wake up... at least we would do it right... but these groups? you think that they give a rat's ass about the environment? Because we failed to do this... others will step up to the plate and destroy the environment... then where will we be?
-- Modified on 11/7/2007 4:44:43 AM