Posts: 15,144
Threads: 914
Joined: Jun 2005
Reputation:
0
...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.
Posts: 28,652
Threads: 4,420
Joined: May 2004
Reputation:
0
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.
Posts: 32,452
Threads: 5
Joined: Jun 2004
Reputation:
0
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.
See You In Toledo
Posts: 16,012
Threads: 1,685
Joined: Nov 2004
Reputation:
0
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?
I'll let you be in my dreams if I can be in yours
Posts: 15,144
Threads: 914
Joined: Jun 2005
Reputation:
0
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.
Posts: 28,652
Threads: 4,420
Joined: May 2004
Reputation:
0
obama is a farce...
change?
please
Posts: 28,652
Threads: 4,420
Joined: May 2004
Reputation:
0
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,”
Posts: 28,652
Threads: 4,420
Joined: May 2004
Reputation:
0
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.
Posts: 16,012
Threads: 1,685
Joined: Nov 2004
Reputation:
0
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.
I'll let you be in my dreams if I can be in yours
Posts: 70
Threads: 3
Joined: Feb 2008
Reputation:
0
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?
:ccrap:
JI Kicks Ass!!!!!
Posts: 32,452
Threads: 5
Joined: Jun 2004
Reputation:
0
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.
See You In Toledo
