That and steel and other raw materials. We'd better keep our eyes open.
Where is the oil?
- Thread starter shortyb
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Thank the US corporations who are having everything manufactured for them in China for China's growing need.
At $40 a barrel that is only 95 cents a gallon crude price. the refineries, taxes, and the middlemen are jacking the price up at the pump.
Perhaps if our own oil companies hadn't closed 1/2 of the refineries in the last 10 years. 4 last year and more to come this year, perhaps we wouldn't be having manufactured shortages in reserves which is driving up the price at the pumps.
Diesel is being exported currently and last month was being exported at 3 times the rate it was last year during the same time period. I do not know about exports of gasoline.
You have to look no further than your own backyard to find the beneficiaries of the current high prices at the pumps. Notice how are "free" press is all over the root causes on TV, talk radio, and print media. Perhaps if they were, people wouldn't be so confused as to the high prices. A better solution would be for people to just use their own natural born curiosity and investigative skills to search for the cause without having to wait to be told. That would involve them having to deprogram themselves back to the stage in life (early pre-school childhood) before these natural traits were programmed out of them.
I believe we went to Iraq to control the oil, not to make it cheaper. Oil companies need very high prices so that they can have the capital to build up Iraqs capacity to beyond the 3.6 mbd prewar level and get it up to 5.5 to 6 million barrels a day. Same for Libya which also has excess capacity but doesn't have the capital to finance the infrastructure needed to bring their capacity up to their maximum. I believe Iraq is still below their prewar capacity as the last I heard they were up to 2.6 mbd.quote:
Originally posted by T-Keith:
Remember, we went to Iraq for oil. Oil should be much cheaper now with all the oil we've stollen.
BTW. Gas was an all time high at 1.95 last week, today it went up to $2.05 a new record! And that's with our "not foreign oil" ethanol.
-T
BTW. Iraq increased exports directly to the US last year in February to over 1 mbd to help the US out when imports from Venezuela were cut and causing hardship.
US and Britain were large importers of Iraqi oil either directly or indirectly. Canada imported over 1 mbd and exported well over a 1 mbd to the US. I have not been able to find the source of these imports which Canada does not need for its own domestic use as is evident by their exporting more than they import.
T-Keith. What you do not realize is that non middle eastern supplies of crude drop on average by 3-5 % yearly and the middle east and offshore oil in Africa must increase production about 2% just to keep things at an even rate. He who controls the middle east controls the only growing supply. This is for a short while until the mid east peaks.
Dont forget that taxes account for 38.4 cents per gallon, oh, and 40 dollars a barrel is the highest per barrel cost the US has ever seen oil.
we can also thank ourselfs for buying the china garbage which keeps them working so as they can also buy those gas burning cars they are now buying after all those years of riding bicycles. NAFTA at work.(oh I forgot, it's all Bushs fault-doesn't matter what it is, it's Bush's fault)
Isn't amazing how many out of work Union members shop at Wally World. Then they complain why we are not building factories over here. And as you said It's Bush's fault because they are Forced to buy Chinese made goods at Wally World.
quote:
Originally posted by ALS:
You hit it on the head.It's Bushe's fault because:
1. Refineries have closed bc of of envirnmental concerns, liability, high wages.
2. China's emergence is sucking the life out of oil supplies.
3. Americans love 15 mpg SUV's Trucks.
4. Not enough Dinosaurs are dying to replenish our oil.
5. We are not building any Nuclear Plants
6. Immigration is out of control and immigrants consume crude. (Well this partially Bush's fault-with his nutty invitation to illegals to come on' North.)
7. We have ignored conservation for the last 35 years.
8. Add all other promlems..they will have been created by GW Bush.
I thought by now that there would be a decent flow of oil out of Iraq. Talk before the fighting started mentioned that a portion of this oil would "pay back" some debt they owed to the US. Guess thats not happening. Or is the Halliburton gang skimming cheap/easily aquired oil off the top and making big $$$ here with inflated prices, leaving whats left to bolster the Iraqi economy? And while we're on it, where is all the Russian oil? Siberia is thawing a bit and Western technology is there to help get it out of the ground, so what gives? That could really blow a hole in OPEC and have the oil barons messing their pants. Just curious. We will be over a $40+ barrel soon.
Thank the Chinese for the dwindling oil supply and higher prices.
They cannot get enough.
They cannot get enough.
And I thought my dad had lost his mind when he told me this country should be doing this 20 years ago. Hindsight is 20/15 (had Lasik
I don't know why the free marketeers are complaining about the price of oil? It's the free action of a competitive and efficient economy ajusting price to supply. We should be rejoicing at being able to observe the benifits of non-governmental involvement in the economy.
I love you Bush bashers. First you bash Bush for going to war over oil. Then, when what he never planed, doesn't happen, you bash him again. The idea was never was cheap gas, but to divert the oil revenue from weapons to infrastructure.
So what is the real reason you phonies hate Bush so much?
So what is the real reason you phonies hate Bush so much?
there's nothing wrong with Bush. When in dout, Blame it on Bush!!!everything is his fault. It's raining outside-must be Bush's fault. Being I will be voting FOR him again, that must be his fault also!!
Actually we have been short of rain here most of Bush's term, and maybe it is his fault. In addition to not supporting the deeply flawed Kotylo (SP?) treaty, he should have brought more pressure on India and China to reduce their particulate emissions that may be contributing to the El Nino weather patterns and leaving much of the United states hot and dry. Do I think Al Gore would have done better, or Kerry would? Well we do need to keep our sense of humor.
Another good joke was the post suggesting our OPEC dominated oil market is ''It's the free action of a competitive and efficient economy adjusting price to supply.''
Another good joke was the post suggesting our OPEC dominated oil market is ''It's the free action of a competitive and efficient economy adjusting price to supply.''
Sorry but crude oil has been at or near 40/barrel many time in the past and gas prices and diesel prices never averaged anywhere near they are now. It is good old price hiking the American oil industry way. Remove the refineries and you will have short supply and high profits. Used to be a publicized refinery explosion was good for 3-4 months of high prices at the gas pump beginning the following day and lasting well after the refinery was back online.
When refineries are charging $20-$25 per barrel to refine what last year they got $5 per barrel then yes it is price gouging. Those who don't think this is price fixing just don't understand how "the american way" of business works. This is the american cartel way of setting quotas.
This summer it will be the west who pays the premiums. Next winter it will be the east and north who will pay premiums in natural gas and heating oil. The following summer who knows? Just rotate the pain around otherwise it will appear to be price fixing across the entire continent.
Why don't you go ahead and start your own refinery?
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