Oil price mocks fuel realities

[Full Quiver]

Oil price mocks fuel realities
By F William Engdahl

As business and consumers consider the implications for them of crude oil selling at US$130-plus per barrel, they should bear in mind that, at a conservative calculation, at least 60% of that price comes from unregulated futures speculation by hedge funds, banks and financial groups using the London ICE

[MacUser]

Bingo.. in a Nutshell.. what I have always been saying.

"The problem is not a lack of crude oil supply. In fact, the world is in over-supply now. Yet the price climbs relentlessly higher. Why? The answer lies in what are clearly deliberate US government policies"

Green Shmeen - We need some real leadership to go against these self full filling green fever induced liberal policies in our Govt. It's all a crock. Call your Senator and Congressman and demand we lower taxes, deregulate, drill, and immediate press conferences releasing statements that America is PROUD of OIL.

Down with the Green crock, put America back in the BLACK.

[Full Quiver]

Green Shmeen - We need some real leadership to go against these self full filling green fever induced liberal policies in our Govt. It's all a crock. Call your Senator and Congressman and demand we lower taxes, deregulate, drill, and immediate press conferences releasing statements that America is PROUD of OIL.

Not what I got out of that read. If the world is in over supply then why do we need to drill here in the US? That would make the supply even larger.

I think the policies referred to are unregulated markets that allow for these high commodity prices .

[EagerBeaver]

Green Shmeen - We need some real leadership to go against these self full filling green fever induced liberal policies in our Govt. It's all a crock. Call your Senator and Congressman and demand we lower taxes, deregulate, drill, and immediate press conferences releasing statements that America is PROUD of OIL.

Not what I got out of that read. If the world is in over supply then why do we need to drill here in the US? That would make the supply even larger.

I think the policies referred to are unregulated markets that allow for these high commodity prices.

I got the same thing out of that read, FQ.

I figure that if you're getting screwed by the oil companies, screw them back. Next week I will be buying shares in ExxonMobil.

[MacUser]

Not what I got out of that read. If the world is in over supply then why do we need to drill here in the US? That would make the supply even larger.

I think the policies referred to are unregulated markets that allow for these high commodity prices .

Oh, I'm sure the article will lead you elsewhere.. BUT You have to learn how to read between the lines.

If oil is in HUGE supply.. it's our countries unrealistic policies/harmful regulations/crazy trade practices/made up GREEN limitations that are forcing the prices up to push an Agenda.

Let's do our best to release our country and some of it's finest corporations first of any obstacles before we let ourselves be held hostage to foreign sources or liberal ideals. These other countries are laughing at us - at our own pious foolishness.

We have to demonstrate our resolve, determination to be self sufficient, severe trade prowess (if you don't lower that - grain will cost you double, then triple).. ability to make the discussion simple (for the common person to get behind - A PUBLIC GOAL that forces policies change up the ladder), respond quickly to decisions made by world events as the world is smaller today than it was 50 years ago and eliminating all foolish restrictions... that keep us on a level "world" playing field.. when we are clearly above it. No apologies as they dislike you if you play weak or strong.

...or what I like to call.. True Inspiring Leadership.

Beam me up Scotty!

[EagerBeaver]

True Inspiring Leadership
Let's Get America Back in the BLACK
GREEN sucks
and other inane stuff

Anyone else here feel like they're hearing a broken Victrola?

We have to remember that even if we drill for oil here in the US, that doesn't stop us from being at the mercy of big oil companies who are profiteering like nobody's business these days.

Sure keep on preaching that you want us to drill for oil here in the US, but don't whine when the prices keep going up, up, up, up.

[Kevin]

We have to remember that even if we drill for oil here in the US, that doesn't stop us from being at the mercy of big oil companies who are profiteering like nobody's business these days.

Here, here.

Sure keep on preaching that you want us to drill for oil here in the US, but don't whine when the prices keep going up, up, up, up.

Sorry, but I disagree with you here. We're all feeling the pinch. I'll whine if I want to. Seriously, if America doesn't just whine, but starts screaming at the top of her lungs, big business might just have to listen. If America takes enough of a stand, no business or government (that's supposed to represent us) would ever say no.

[EagerBeaver]

We have to remember that even if we drill for oil here in the US, that doesn't stop us from being at the mercy of big oil companies who are profiteering like nobody's business these days.

Here, here.

Sure keep on preaching that you want us to drill for oil here in the US, but don't whine when the prices keep going up, up, up, up.

Sorry, but I disagree with you here. We're all feeling the pinch. I'll whine if I want to. Seriously, if America doesn't just whine, but starts screaming at the top of her lungs, big business might just have to listen. If America takes enough of a stand, no business or government (that's supposed to represent us) would ever say no.

This is true that we are all feeling the pinch. Since I have to use my personal vehicle for work purposes, I get an allowance per mile for gas, and that helps somewhat...but still feeling the pinch.

Gas prices will continue to go up no matter where we drill. I think once our nation is officially declared by the Fed to be "in a recession," prices will go down because demand will decrease.

Honestly though, even though I think gas prices will remain high, I don't think gas will touch $10 a gallon. Businesses would fail left and right, food growers wouldn't be able to get their crops to market, and a large portion of the US population wouldn't have jobs. But that said, prices won't go below $3 ever again, you can kiss that goodbye (please someone prove me wrong).

[Full Quiver]

It doesn't matter who is drilling, who is pumping, etc. because there is PLENTY of oil in the world today. Someone please tell me when they have gone to fill up, not talking about the 70's, and there was no gas at the pump. There is no shortage! With that said then we need to realize this is NOT a supply and demand problem. MacUser, the US gets most of there oil from Canada and then Mexico, the Middle east is 3rd. We drill lots of oil from here and send it to Japan. It doesn't change the price. OIL FUTURES are controlling the prices and until we get that into our heads we will not see a change.

[oletimer]

FQ wrote:

not talking about the 70's, and there was no gas at the pump.

Danny I was in the 70's and there was limit amount at the pumps. Ever closed station, tant that would hold gas was full and tankers just off shore full of oil making it seem that was a shortage. I've said all along that it was the furture market that is killing us.

[MacUser]

MacUser, the US gets most of there oil from Canada and then Mexico, the Middle east is 3rd. We drill lots of oil from here and send it to Japan. It doesn't change the price. OIL FUTURES are controlling the prices and until we get that into our heads we will not see a change.

Oh I understand that.. but you don't see Bush or Dick going to Canada asking them to increase the output do you?

In mid 1990s Bill Clinton's argument for not drilling in Anwar was that it would take 10 years for all that oil to come online before it affected anything. Well over 10+ years have passed.... Eager anyone else see leadership issues here? Go after ALL sources of energy NOW.. unrestricted. Conservation never produced anything.

Btw.. Big Business is Fantastic imho! Why is this always the underlying issue and why is everyone always afraid to rebuke it? Big Businesses produces incredible automobiles that I drive everyday, Advanced Medicines that sustain and save untold lives, Amazing computers as my beloved Macintosh proves.. to untold countless other quality of life, life saving, connivence etc things.

These guys take all the risk, develop a product that PEOPLE want and somehow when they make a profit.. They're evil? That's flat out bogus stinkin' thinkin'.

In my job, I've had to ability to see how some of these guys operate & think and how they risk it all and when they make it.. EMPLOY hundreds, if not thousands of people. Then the first time a policy rubs someone the wrong way... they're evil.. or they need to change or fix something... we don't cut them any slack at all.. just pounce and destroy.

Rethink everything.

[Full Quiver]

I'm with you on big business Macuser. I'd love to own a big business one day and reap the paycheck of such. Big businesses don't always

take all the risk

though. The gov. has several times bailed out big businesses.

Who's to say that Bush has not asked Canada to increase production. Just because there was not a news camera there doesn't mean it didn't happen.

[oletimer]

MacUser wrote:

These guys take all the risk, develop a product that PEOPLE want and somehow when they make a profit.. They're evil? That's flat out bogus stinkin' thinkin'.

I have a small electracal business and agree that a business needs to make a profit, but $54 billion in three months is waaaay toooo much and is more in line with belting us to death in our pocket books. The greed of a few executives (oil) and futures buyers (oil) is taking us and our country down the tube.

The different between me and them is that if I charge too much, then people just want use me, no problem, somebody else all ready wants my job. Now with the gas companies, they work to gether and we have no recorse, or do we?

[Full Quiver]

Oletimer, I didn't know you were an electrician.

[oletimer]

yep, had my own busness for about nine or ten years now. I have down sized to a one or two man crew to keep it simple and ease the load on me as the years are starting to get to me.

Also I have a church to work to. This way I can work in time for church.