So I was following the Oil Summit the Saudis had - Printable Version
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So I was following the Oil Summit the Saudis had - Flumper Barflusterbutt - 06-23-2008
...and I still don't get it.
The Saudis say that they are not to blame or not part of the reason that oil prices are so high.
They blame three things:
1. Commodity traders and speculators driving up the prices.
2. The weak dollar across the rest of the world.
3. High taxes on refined petroleum.
They say that supply and demand are in balance and that their production rates are enough to meet demand.
So, why is it so fucking hard to figure out who is to blame? I mean, what do the Saudis get paid for a barrel of oil?
It seems like if you followed a barrel from the well head to the gas pump and tracked down who sold it to who for what amount, you'd find out who was to blame for the high prices.
I have a sneaky feeling that when this all blows over, its going to be like the Silver run back in the 80's. Silver went from nothing up to $800 per ounce. No one knew why. Turned out to be a conspiracy in the futures market.
So I was following the Oil Summit the Saudis had - Anhil8tor - 06-23-2008
I have a feeling like if Obama gets elected he is gonna fuck up my oil bidness...
lets be realistic... as long as a gallon of gas is cheaper than milk we can all survive.
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Anhil8tor Wrote:I have a feeling like if Obama gets elected he is gonna fuck up my oil bidness...
lets be realistic... as long as a gallon of gas is cheaper than milk we can all survive.
Its not always about you.
Since you are in the industry explain why you think gas prices are so high and who's profiting the most.Please don't say its because theres a huge demand.Cars were invented 100 years ago.
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Personally I think everyone (Saudi's, oil companies) are all deflecting blame elsewhere.I've read more than one article using the term golden age to describe the saudi economy and the how saudi's society is changing as they find new ways to spend their extra cash.
So I was following the Oil Summit the Saudis had - cLaY - 06-24-2008
Anhil8tor Wrote:I have a feeling like if Obama gets elected he is gonna fuck up my oil bidness...
lets be realistic... as long as a gallon of gas is cheaper than milk we can all survive.
What does Obama have to do with anything? You're just scared of a black man.
So when milk costs 10 bucks a gallon because it takes 9 dollar a gallon gas to get it to the grocery store, we'll still be okay?
So I was following the Oil Summit the Saudis had - Flumper Barflusterbutt - 06-24-2008
Well, look at it like this. If the Saudis (for example, this includes all other oil producing companies), were getting $20 per barrel 5 years ago for raw oil. And it was selling for $30 per barrel on the Commodity Exchange, then someone else was picking up $10.
Now that it is selling for $130 per barrel, how much are the Saudis getting? And where else are people getting paid in between.
Seems like a fucking simple question to ask. I don't see a need for a summit. Someone just break down the cost of a barrel of oil from well head to the refinery and tell me who is getting what part of it. And compare that same information to 5 or 10 years ago.
This seems more like a high school research project than a global summit.
So I was following the Oil Summit the Saudis had - Anhil8tor - 06-24-2008
obama is a farce...
change?
please
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Flumper Barflusterbutt Wrote:Well, look at it like this. If the Saudis (for example, this includes all other oil producing companies), were getting $20 per barrel 5 years ago for raw oil. And it was selling for $30 per barrel on the Commodity Exchange, then someone else was picking up $10.
Now that it is selling for $130 per barrel, how much are the Saudis getting? And where else are people getting paid in between.
Seems like a fucking simple question to ask. I don't see a need for a summit. Someone just break down the cost of a barrel of oil from well head to the refinery and tell me who is getting what part of it. And compare that same information to 5 or 10 years ago.
This seems more like a high school research project than a global summit.
Usually when I'm bullshitting to deflect blame I make the most long winded complicated explanation as a distraction from my faults.If I could call a summit I would.
I agree that with demand people should be able to raise prices but oil is so vital to our economy and way of life its like water.What if we were talking about water?People would be dying of thirst because they couldnt afford it?I doubt the goverment would go for that.
I heard there are thoughts about setting the absolute bottom price for a gallon of gas at $4.50 even if it can be cheaper than that to spur growth in conservation and alternative fuels.So I guess the days of gallons being in the $1.50 to $2.50 range are gone forever.
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Anhil8tor Wrote:obama is a farce...
change?
please
I'm sure you've got a good reason for this statment.You probably know a lot about him and what he's proposing to think like that.Please educate us.
Or is it the double whammy of being a black guy who's going to cut into your oil business that drives your thinking?Thats pretty selfish.Guys with your attitudes always have gay kids or kids who marry blacks to spite their parents.Good luck with that.
So I was following the Oil Summit the Saudis had - Anhil8tor - 06-24-2008
Lets talk about oil first...
Most "oil experts" believe we have as much or more oil than Saudi Arabia but they won't allow us to drill in certain areas (Anwar, florida, california). So we let china drill off the coast of cuba only to buy it back from them through a third party. Thats idiotic.
What is wrong with using nuclear power? I heard Obama saying he didn't want to use it yesterday and trying to throw Mccain under the bus for wanting to use it. Obama is now proposing windfall profits taxes instead of driling and has refused to endorse nuclear energy. If we elect Obama, our problems with get worse.
And how about Obamas comment on Don Imus?
“I understand MSNBC has suspended Mr. Imus, but I would also say that there’s nobody on my staff who would still be working for me if they made a comment like that about anybody of any ethnic group. And I would hope that NBC ends up having that same attitude.”
“He didn’t just cross the line. He fed into some of the worst stereotypes that my two young daughters are having to deal with today in America. The notions that as young African-American women — who I hope will be athletes — that that somehow makes them less beautiful or less important. It was a degrading comment. It’s one that I’m not interested in supporting.”
“What we’ve been seeing around this country is this constant ratcheting up of a coarsening of the culture that all of have to think about,”
”Insults, humor that degrades women, humor that is based in racism and racial stereotypes isn’t fun,”
“And the notion that somehow it’s cute or amusing, or a useful diversion, I think, is something that all of us have to recognize is just not the case. We all have First Amendment rights. And I am a constitutional lawyer and strongly believe in free speech, but as a culture, we really have to do some soul-searching to think about what kind of toxic information are we feeding our kids,”
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Anhil8tor Wrote:Lets talk about oil first...
Most "oil experts" believe we have as much or more oil than Saudi Arabia but they won't allow us to drill in certain areas (Anwar, florida, california). So we let china drill off the coast of cuba only to buy it back from them through a third party. Thats idiotic.
What is wrong with using nuclear power? I heard Obama saying he didn't want to use it yesterday and trying to throw Mccain under the bus for wanting to use it. Obama is now proposing windfall profits taxes instead of driling and has refused to endorse nuclear energy. If we elect Obama, our problems with get worse.
And how about Obamas comment on Don Imus?
“I understand MSNBC has suspended Mr. Imus, but I would also say that there’s nobody on my staff who would still be working for me if they made a comment like that about anybody of any ethnic group. And I would hope that NBC ends up having that same attitude.”
“He didn’t just cross the line. He fed into some of the worst stereotypes that my two young daughters are having to deal with today in America. The notions that as young African-American women — who I hope will be athletes — that that somehow makes them less beautiful or less important. It was a degrading comment. It’s one that I’m not interested in supporting.”
“What we’ve been seeing around this country is this constant ratcheting up of a coarsening of the culture that all of have to think about,”
”Insults, humor that degrades women, humor that is based in racism and racial stereotypes isn’t fun,”
“And the notion that somehow it’s cute or amusing, or a useful diversion, I think, is something that all of us have to recognize is just not the case. We all have First Amendment rights. And I am a constitutional lawyer and strongly believe in free speech, but as a culture, we really have to do some soul-searching to think about what kind of toxic information are we feeding our kids,”
#1 I'm sure being in the oil business you know that any drilling we do at anwar or florida would take a minimum of 20 years to actually make a difference in the price of gas at the pump.So what does drilling in Alaska have to do with the problem of people today not being able to afford gas?I know you don't want to hear this but most americans don't want to be depending on gas to the extent we do now in 20 years.Anwar is a smoke screen, a way to pretend we are doing something but still leaves us dependent on foreign countries.
#2 What does nuclear power have to do with the price at the pump today?Again it will take decades before we can build enough reactors to make a difference.But I guess in the mean time you an your fellow oil barons can keep raking in the profits.
#3 Don Imus?Really?Is that whats important to you with the Iraq war,Bin Laden still alive,the economy in the shitter,the housing crisis,Iran etc...Fucking Don Imus and Obama's thoughts on him from a year ago is what you're concerned about?No wonder this country is so fucked up.
So I was following the Oil Summit the Saudis had - Anhil8tor - 06-24-2008
you are right. Lets not do any drilling and continue doing what we've done. Its been working all this time.
nuclear power is an alternative clean energy source.
that quote is full of hypocrisies.
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Anhil8tor Wrote:you are right. Lets not do any drilling and continue doing what we've done. Its been working all this time.
nuclear power is an alternative clean energy source.
that quote is full of hypocrisies.
I'm concerned about today and the problems people have just going to work because they can't afford the gas it takes to get there.You are just trying to push off the problems to another day so you can keep it business as usual for yourself in the mean time.It will take 20 years to drill in alaska and get dividends from it that will matter at the pump.Do you think it takes only a couple of years to make a nuclear power plant?Try over a decade.So whats that going to do for people today?Mccain will be dead from old age before any nuclear plants make a difference in prices at the pump.I love how you've tried to distract from the real argument about gas prices by bringing up this phantom issue of nuclear power.Its really transparent.
I don't see any hypocrisies in his statment and to be honest I really have no idea why you are bringing this up a year after he said it like it still matters.Its bizzare and a kind of a pathetic attempt at distraction.
So I was following the Oil Summit the Saudis had - Anhil8tor - 06-24-2008
you've run everyone else to shangrailaforums... now you are trying to run me
So I was following the Oil Summit the Saudis had - cLaY - 06-24-2008
Anhil8tor Wrote:you've run everyone else to shangrailaforums... now you are trying to run me
Actually, all he did was prove what a dumb bigot you are. Flump looks like Pete Seeger compared to you.
So I was following the Oil Summit the Saudis had - ji_docfunk - 06-24-2008
So......8 and Bird.....what would each of you propose to help with the problem? Its obvious that you both are arguing over methods that are all unfortunatly long term. What would be the "band aid" or temp solutions that we need to look at to help the people who are hurting?
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
ji_docfunk Wrote:So......8 and Bird.....what would each of you propose to help with the problem? Its obvious that you both are arguing over methods that are all unfortunatly long term. What would be the "band aid" or temp solutions that we need to look at to help the people who are hurting?
This is a good question that I don't have an answer for.I'm not sure there is a solution we could put in place tomorrow that would help right away.I think the gas tax holiday is a joke since they ran the numbers and it will only save the average person $20 over the summer.I do know if we would have elected Gore we would be already 8 years closer to an alternative fuel or engine than we are now.I'm not opposed to nuclear power but I've read the average construction time frame for a plant is over 15 years so I hope we have some kind of viable alternative by then.I'm opposed to drilling in alaska because it still leaves us dependent on oil which causes other problems like pollution.I would push car makers to go heavy on hybrid technology and some type of tax break for people who buy them.Nothing totally solves the problem but anything that still leaves us depending on saudi Arabia and other cronys of 8's I'm against.
So I was following the Oil Summit the Saudis had - Banana - 06-24-2008
Anhil8tor Wrote:you've run everyone else to shangrailaforums... now you are trying to run me
What new forum?
So I was following the Oil Summit the Saudis had - BIRD33 - 06-24-2008
Bills got a new forum.Its for people who think this place is to harsh but arent deemed good enough to post at the island.I bet its a laugh riot.
So I was following the Oil Summit the Saudis had - Banana - 06-24-2008
BIRD33 Wrote:Bills got a new forum.Its for people who think this place is to harsh but arent deemed good enough to post at the island.I bet its a laugh riot.
More dilution to this diluted market. I bet he doesn't get an icon at Mag7 though! That is, after all, the gold standard......