More on gas prices...

[big_al]

It is amazing how shocked people are that this is happening huh?

Carter even warned us all wearing his nice sweater, that one day we'd reach this point.

We should have listened to him then and began moving away from oil in the 1970's. It would have saved a lot of pain.

Oh well. Didn't happen. So now we'll have to have a hard transition instead of an easy one away from oil.

Jet

and why didnt it happen? BIG OIL controlling the government. the endless corporate revolving door. the refusals to adapt to the market. and yet you turn around and blame politicians and the people for the problems 99% caused by oil companies themselves

 

[jetflyer]

Big_Al,

You are blinded. There IS A SUPPLY PROBLEM.

You even said you think we're reaching peak oil. What did you think would happen as we reached it?

The price is gonna go up my friend.

The world is pumping as much as they can. It's not enough. There is NO SPARE CAPACITY.

Plus throw in some world wide catastrophies and the price is gonna go up right now.

This is a real problem and not some imagined made up problem by conspirators.

Your ignorance is as bad as most of our politicians that do not understand the problem. This same ignorance is why we're in the problem we're in and is the same reason I'm scared for our future.

Jet

 

[414Flyer]

thanks for showing oil is a nonelastic cartel. when SUPPLY goes up, PRICES GO DOWN. at least, that is what a free market dictates.

But thats OK, keep dodging the facts. Keep pretending everyone is at fault except the people profiting the most. Keep being corporate gatekeepers. I hope the pay is well

Supply is going down, not up. Its not supply as a single factor, demand is increased much more, so in reality the supply part of the equation is less. Its not rocket science.

Commodity trading does push up oil barrel prices too, along with wholesale gasoline. But its not some giant conspiracy.

 

[big_al]

You are blinded. There IS A SUPPLY PROBLEM.

blinded by who and what?

what supply problem? do tell. I bet you have tons of information to explain where this supply problem is coming from.

 

[big_al]

Supply is going down, not up. Its not supply as a single factor, demand is increased much more, so in reality the supply part of the equation is less. Its not rocket science.

Commodity trading does push up oil barrel prices too, along with wholesale gasoline. But its not some giant conspiracy.

another rocket scientist. supply is going down? are you sure about that? OPEC pumping more oil than ever before? more fields found in Canadia? the 2nd largest oil reserves in the world (Iraq) out of the hands of a dictator?

what SUPPLY problem?

 

[414Flyer]

Hoarding supplies? Is that why you think domestic production is down? They are not hoarding, they are trying to drill and explore more. No one is going to hoard when its at all time high, thats illogical.

Sounds like you fall in that group that if an area doesnt immediately fulfull most of our oil needs, we shouldnt drill? Should we just end all US production since no single well gives us all our oil either?

If it was solely about the environmental, they would be against lots of things. You wont see most of the sierra club members protesting against new shopping malls and old navy/gap stores being built, they need new cute clothes to go to protests in.

Parking lots and associated development for mindless shopping destroys more acreage than petroleum produciton ever could.

 

[jetflyer]

Big_Al,

I don't like the oil companies but they're having to do the dirty work for the U.S. right now so we have to support them.

They're having to compete against China for oil contracts. Guess what they lose most of them.

Remember when CNOOC almost bought Unocal??!

China is starting to take away some of the oil we get from Venezuela now. China is also making deals with Saudi Arabia. China owns some of the oil sands and is trying to buy more!

China's oil executives know oil is about to become more scarce every year and they have said publicly that they think peak oil is going to be 2012.

Plus the oil companies are not holding back supply?? Where do you get this from??

Jet

 

[414Flyer]

another rocket scientist. supply is going down? are you sure about that? OPEC pumping more oil than ever before? more fields found in Canadia? the 2nd largest oil reserves in the world (Iraq) out of the hands of a dictator?

what SUPPLY problem?

Iincreased worldwide consumption, that outstrips new production.

US production has decreased, Saudi fields will soon too. Are you this uninformed that you attribute everything to conspiracies?

 

[big_al]

Hoarding supplies? Is that why you think domestic production is down? They are not hoarding, they are trying to drill and explore more. No one is going to hoard when its at all time high, thats illogical.

Sounds like you fall in that group that if an area doesnt immediately fulfull most of our oil needs, we shouldnt drill? Should we just end all US production since no single well gives us all our oil either?

If it was solely about the environmental, they would be against lots of things. You wont see most of the sierra club members protesting against new shopping malls and old navy/gap stores being built, they need new cute clothes to go to protests in.

Parking lots and associated development for mindless shopping destroys more acreage than petroleum produciton ever could.

I dont know where to begin, if you fail to understand the heavy regulations involved in construction projects and the research needed to show the effects to the environment then I am done talking to somebody who fails to grasp the simple concepts that even a high schooler could possibly realize

 

[big_al]

Iincreased worldwide consumption, that outstrips new production.

US production has decreased, Saudi fields will soon too. Are you this uninformed that you attribute everything to conspiracies?

increased consumption along with increased supply. why must you label something a conspiracy theory as your only attack?

(still waiting on that data of lower production)

 

[jetflyer]

These are the Saudi Arabia and OPEC production numbers for past months.
Oct 04: SA = 9.508 mbpd, Opec = 30,228mbpd
Nov 04: SA = 9.450 mbpd, Opec = 29,067 mbpd
Nov 05: SA = 9.458 mbpd, Opec = 29,965 mbpd
Feb 06: SA = 9.394 mbpd, Opec = 29,713 mbpd

Supply is having trouble. Opec says they are pumping as fast as they can and they keep going down. Saudi says they're pumping full tilt too.

The world very well may be past peak oil already.

Jet

 

[big_al]

I don't like the oil companies but they're having to do the dirty work for the U.S. right now so we have to support them.

you actually have it backwards, your hard earned tax paying dollars are doing the dirty work for them. and our troops are as well.

from forcing their agendas for decades in Indonesia, Somalia, Afghanistan, Iraq, Saudi Arabia, Venezuela, etc. to supporting them through the world bank, us aid, exim bank, tax breaks, and countless other examples. "we" are doing the dirty work while they profit, and while they keep raising the prices and investors either panic because they sheepishly believe the sky is falling, or they are just profiteering off the profiteering of others.

Remember the guilded age? Or the Robber barons? I doubt you even know what that was

 

[414Flyer]

increased consumption along with increased supply. why must you label something a conspiracy theory as your only attack?

(still waiting on that data of lower production)

You are the one that attributes increases in conspiracies.

If supply goes up a little, and demand goes up more, then in reality real supply has not gone up, its gone down.

Ever been overseas? Just takes a small # of people from overcrowded developing countries like India and China to make a large dent in oil consumption

 

[jetflyer]

Matthew Simmons has been on Fox News, CNBC, CNN etc. trying to warn us to move on to alternatives and ditch oil.

We need to ditch the goo now!

Matthew Simmons analyzed over 200 Society of Petroleum Engineer Papers on Saudi Production and has the results of his findings in his new book. Saudi is having trouble and very well may be past peak already.

Jet

 

[big_al]

there is no more point in arguing. people complain that the chicken littles have been saying the sky is falling for decades, and suddenly the chicken littles are correct? make up your minds. either the sky is falling or "it is possible" that it could fall "sometime" within the next 10+ years?