Author Topic: OIL  (Read 1793 times)

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Kramer

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OIL
« on: January 04, 2010, 06:21:58 PM »
fyi folks, oil has been steadily rising lately. This has to be Bush & Cheney up to their old tricks. Poor Obama, he's a victim again and that damn Bush is trying to make him look bad.

Michael Tee

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Re: OIL
« Reply #1 on: January 04, 2010, 08:01:33 PM »
The Bush administration budgeted $50 billion for a war that was supposed to be a "cakewalk" and has now cost American taxpayers $3 trillion.  They told Americans that they had to go to war because of WMD in the hands of Saddam Hussein that posed an immediate danger that could not await the results of further negotiations and inspections.  They told Americans that their "army" of thugs, torturers and rapists would be greeted as liberators by the Iraqi people.  Their biggest war-mongering pal in the MSM, Rupert Murdoch, said, with no contradiction from them, that the invasion would lead to $20-a-barrel oil.

Is there any reason to feel at this point in time any special outrage at this particular one of their thousands of fucking lies?

Just askin.

Plane

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Re: OIL
« Reply #2 on: January 04, 2010, 08:51:48 PM »
The Iraq war is going pretty well, you can tell by the lack of main stream media coverage.

Michael Tee

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Re: OIL
« Reply #3 on: January 04, 2010, 11:32:41 PM »
I think it's just a lull.  I can't believe the Sunni Arabs inside and outside of Iraq are going to stand for Shi'ite domination of the country, majority or no majority.  None of them (including the Shi'a) give a shit about democracy, majority rule, elections or any of the other bullshit that the Americans have managed so far to force down their throats.  This whole thing is going to blow in the not-so-distant future.

Rich

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Re: OIL
« Reply #4 on: January 05, 2010, 02:32:24 PM »
In case you haven't noticed, the war in Iraq is OVER.

Christians4LessGvt

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Re: OIL
« Reply #5 on: January 07, 2010, 09:44:27 AM »


Rubin, Oil Rally Predictor, Sees $100 Crude in 2010
 
By Grant Smith

Jan. 7 (Bloomberg) -- Jeff Rubin, the former CIBC World Markets Inc. chief economist who accurately predicted oil's surge during the last decade, expects crude to reach $90 a barrel this quarter and $100 by the year's end.

Accelerating demand in Asia and the Middle East will force consumers to rely on costlier non-conventional energy sources such as oil sands, said Rubin, who spent 20 years with the Toronto-based bank and last year published a book on energy economics, "Why Your World is About to Get a Whole Lot Smaller." Rubin correctly forecast in 2007 that crude would reach $100.

"It's safe to say that we'll see triple-digit oil prices by the fourth quarter of this year," Rubin, 55, said in a telephone interview yesterday. "I would expect prices to move pretty close to that level, and be in the $90 range probably by the end of March."

Crude oil futures rose as high as $83.52 a barrel yesterday, surpassing last year's peak of $82, after the U.S. Energy Department reported a decline in inventories of distillate fuels like heating oil. In 2008, oil reached an all- time high of $147.27. It last traded at $82.40 as of 12:05 p.m. London time.

The increase in oil consumption will be driven by emerging economies such as China and India rather than the industrialized nations of western Europe and the U.S., where demand has probably already peaked, according to Rubin.

Developing world demand dwarfs the importance of political disturbances in oil suppliers like Iran and Nigeria, or output restraint among the Organization of Petroleum Exporting Countries, as drivers of the market, he said.

Rubin forecast in his book, published last summer, that oil will advance to $200 a barrel by 2012. The commodity's move toward this target will be "steady provided the economic recovery is sustained," he said. The strain of $200 oil on consuming nations may prompt a subsequent collapse toward $40, he added.

"When we get into 2011 or 2012 and we start to deal with prices of $120 a barrel, $147 a barrel, $160 a barrel, that?s where I think at least the global economy becomes very challenged," he said.

Rubin is working on an updated edition of "Why Your World Is About to Get a Whole Lot Smaller" and maintains an online journal at http://www.jeffrubinssmallerworld.com/blog/.

To contact the reporters on this story: Grant Smith in London at gsmith52@bloomberg.net

http://www.bloomberg.com/apps/news?pid=20601087&sid=aGdYep5FXDtE
« Last Edit: January 07, 2010, 04:31:06 PM by ChristiansUnited4LessGvt »
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Kramer

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Re: OIL
« Reply #6 on: January 07, 2010, 12:56:40 PM »
yup, this will be a problem

Rich

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Re: OIL
« Reply #7 on: January 07, 2010, 01:58:20 PM »
>>The Bush administration ...<<

They don't have the Bush Administration to kick around anymore. So what do they do?

Bush Derangement syndrome is still out there folks.

Michael Tee

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Re: OIL
« Reply #8 on: January 07, 2010, 02:48:15 PM »
<<They don't have the Bush Administration to kick around anymore. So what do they do?

<<Bush Derangement syndrome is still out there folks.>>

Maybe you should take another look at the post that started this thread.  In less than two full lines, Kramer mentioned Bush twice, Cheney once and Obama once.  That means 75% of the political names in the starter thread went to the Bush administration.  Why wouldn't I want to mention that administration in reply?  Should I have confined myself instead to the New Deal and FDR's various administrations?  My bad.

Plane

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Re: OIL
« Reply #9 on: January 07, 2010, 08:39:05 PM »
I think it's just a lull.  I can't believe the Sunni Arabs inside and outside of Iraq are going to stand for Shi'ite domination of the country, majority or no majority.  None of them (including the Shi'a) give a shit about democracy, majority rule, elections or any of the other bullshit that the Americans have managed so far to force down their throats.  This whole thing is going to blow in the not-so-distant future.

None of them want majority rule?

Then what would be wrong with conquering them ?

Kramer

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Re: OIL
« Reply #10 on: January 10, 2010, 11:50:54 PM »
http://uk.reuters.com/article/idUKN1012886320100110

U.S. average gas prices rise 14 cts to $2.74/gal-survey

Sun Jan 10, 2010 7:47pm GMT

By Martinne Geller

NEW YORK, Jan 10 (Reuters) - The average price of a gallon of gasoline in the United States rose 14 cents in the last three weeks to their highest level in more than a year, reversing a decline that began in November, an industry analyst said on Sunday.

The national average for self-serve, regular unleaded gasoline was nearly $2.74 a gallon on Jan. 8, up from nearly $2.60 on Dec. 18, according to the nationwide Lundberg survey of some 5,000 gas stations.

The latest gasoline price increase tracked a corresponding 22 cent-per-gallon rise in crude oil, said survey editor Trilby Lundberg. She added that the newest national average was nearly 96 cents per gallon higher than a year ago, and the highest since late October 2008.

She said the increase in crude prices was due more to investors' fear of inflation and a flight to safe havens, rather than an increase in demand.

"It's proof that we can have crude oil and gasoline price increases without demand increasing," Lundberg said. "It's almost like a penalty (for consumers), with the bad economy, with unemployment still going up and crude prices rising ... when the economy has not improved."

Cheyenne, Wyoming, had the lowest average price at $2.36 per gallon, according to the survey, while Anchorage, Alaska, had the highest prices, with an average of $3.28 per gallon. San Francisco was the most expensive of major metropolitan markets, with an average price at the pump of $3.06 per gallon. (Reporting by Martinne Geller, editing by Maureen Bavdek)

Michael Tee

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Re: OIL
« Reply #11 on: January 10, 2010, 11:58:27 PM »
<<None of them want majority rule?

<<Then what would be wrong with conquering them ?>>

LOL.  Same old plane.

Mrs. A. doesn't want Mr. A.?  Then what would be wrong with Mr. B. raping her?

Come on, plane, you figure it out.

Christians4LessGvt

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Re: OIL
« Reply #12 on: January 11, 2010, 12:21:01 AM »
Plane I actually think that may happen....all this alternative energy is a bunch of BS....

As we head into "peak oil" we may see overt take-over's...

China may just take-over a country....the US may take-over say a Kuwait

It would actually be quite easy to take-over a Kuwait....and especially the oil fields

Almost no where in nature or in history has an extremely weak entity been able to
control all the "goodies".....the stronger usually prevail....China, the US, and others
are not going to shrivel up and shut down while countries like army-less Kuwait, UAE, ect
have what they want.....it would be like some old weak lady walking thru Harlem at night
wearing diamonds and gold and thinking she wont be eventually be attacked or a small
baby weak Zebra calf walking past hungry lions......all these basically non-military states
have what the strong want and need.......I predict it will happen eventually....that baby
Zebra is gonna get ripped to shreds.....it's the way the world works.





« Last Edit: January 11, 2010, 12:23:13 AM by ChristiansUnited4LessGvt »
"Mr. Gorbachev, tear down this wall!" - Ronald Reagan - June 12, 1987

Michael Tee

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Re: OIL
« Reply #13 on: January 11, 2010, 11:31:19 AM »
CU4, whether you realize it or not, you just articulated the very reasons why the Allies, led by the U.S.A., towards the end of the Second World War, laid the legal and moral foundations of the United Nations.  They knew all too well the world you described.  They recognized that a foundation of law and order, backed by force, the force of the United Nations, had to be laid down and slowly built upon, one year after another.  That it was either the Law of the Jungle or the Rule of Law if further conflicts like WWII were to be avoided.

Every year, small advances were made.  Everyone, including the founders of the UN, knew that the structure of international  law and order couldn't be built overnight, and that it would be a long, slow process of many years.  A certain amount of dedication to the process was involved, forbearance to some degree on the part of the wealthy and powerful nations, justified by the realization that, if the shit ever again hit the fan, not even the powerful would be spared from the ravages of war.

That process, IMHO, the slow, incremental building towards a rule of law, was set back a hundred years by the unbelievable actions of the Bush administration.  Every principle of international law was shattered in one disastrous 8-year period by the Bush administration - - the launching of wars of unprovoked aggression, the torture of prisoners, the denial of basic human rights and the utter contempt for the very basis of the law and its institutions as "quaint and old-fashioned," in much the same way as Hitler himself had previously excoriated the League of Nations when he withdrew Germany from membership in it. 

As you can see, the fabric, once torn, is not easily repaired.  So far, the Obama regime is continuing the same lawlessness as its predecessor.  Other nations will be bound to follow suit - - why should they obey international laws when the U.S.A. itself, the originator of much of the current framework of the law, has opted to toss the whole thing into the trashcan?

The alternative to the Rule of Law is armed conflict.  Why should China be any more respectful of the national sovereignty of Kuwait than the U.S. was of Iraq's?  If both China and the USA need oil, why shouldn't each grab what it can before the other does?  What should have restrained them before was the rule of law, but I think we can all "thank" the Bush administration for clearing that "quaint and old-fashioned" cobweb out of our paths.  Soon fabricated excuses won't even be necessary.  Wanting or needing the oil will be justification enough for the invasions and atrocities that follow.  The people of the U.S. or China don't want to sacrifice their sons for oil?  Fuck the people!  You've seen with your own eyes how much difference it makes who is "elected," the war for oil goes on and more troops WILL be sent.

The real problems will erupt when there isn't enough zebra to go round and two lions want the same zebra.  Or in another variation, when some of the lions get sick and tired of one particular lion who's pissing everybody off and always takes more than his fair share.  When they figure out they have a choice between letting him attack them one at a time or all of them taking some pro-active response and attacking him all together.  These are the reasons why even the strongest lion in the jungle could benefit from a little law-and-order, but instead of building respect for international law, the U.S.A. has been undermining, ridiculing  and even denouncing it for almost a full decade.  Well, what goes around comes around.  My grandchildren are going to see some interesting things in their time.

Plane

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Re: OIL
« Reply #14 on: January 11, 2010, 10:23:03 PM »
<<None of them want majority rule?

<<Then what would be wrong with conquering them ?>>

LOL.  Same old plane.

Mrs. A. doesn't want Mr. A.?  Then what would be wrong with Mr. B. raping her?

Come on, plane, you figure it out.

You just said she likes being raped, as if that were not a strange thing to say.