It wouldn't have to take that long if our policy makers on both sides of the aisle realized the severity of the problem, not just w/regard to the wallets of the American people, but also w/regard to smart resource conservation. How great would it be, knowing that regardless of the economic or political or environmental events in question, mass oil consumption by the general populace was simply a non-issue? Maybe if we didn't elect assh**es who only stand to financially benefit in the here-and-now from being in bed w/OPEC, this wouldn't happen. But oh so many Americans think those tired old suits know best or at least better than themselves. Occupation of a country thats pretty much holding a huge chunk of the western world's supply probably doesn't help either.
Well, not to be argumentative, but the stock market has tanked over the past couple of years, and most people are losing money in it. Real estate is in the crapper, down as much as 30% in some markets, and at best stagnant in all others. Bonds have a guaranteed rate, but currently it's not enough to compensate for inflation. When I state that guns will hold their value, I'm talking about holding value against inflation. If I bought a gun years ago, it's acutally appreciated in value.
this doesn't make any sense - 1. all the big oil speculators are multinational, so they'd just speculate outside the US, and, if you could ban speculation worldwide, the spot price would be the net present value of the future price, which would mean implicit speculation -same price
Well, all the SUV haters got what they wanted. They wanted gas so expensive people have no choice but to give up their SUV. It doesn't matter to these people that personal cars don't even account for 25% of the fuel usage here in the USA. Nope, what matters is Buffy & Biff are now paying $4.50 a gallon to fill their SUV.They laugh at poor Buffy & Biff while complaining about how expensive everything else is these days. Damn, milk is expensive. Must be Bush. And Buffy & Biff and their SUV who are the problem. Maybe if gas goes to $5.00 a gallon the cost of transportation will go down!
Easy take a look at the highest cost to actually drill and deliver oil to market. The highest cost is the industry standard, so in looking at the prices to bring oil to market:<a class="user" href="http://www.africanoiljournal.com/11-09-2007_oil_prices.htm">http://www.africanoiljournal.com/11-09-2007_oil_pr ...</a>You will find that the average price is somewhere around $20. Now the article I linked to will go on to say that Big oil purchases oil from these outside sources at the current cost and so their profit margins are slim. To that I would argue that the big oil companies have exclusive contracts with many of these oil countries for delivery of oil and often lease the fields where the oil is tapped. To think that they then would need to purchase more oil at the rate that is being bid on the open market would be ludicrous. I'd love for someone to explain how oil companies could make a profit from $100+ oil if they had to buy at the price on the stock market, then factor in the price of refining (which is a loser) and yet oil makes something like 29 billion a year in posted gains. That would only happen if their profit margins were thru the roof which in fact they are. Let's not make excuses for them as there are non to be had. The analysts get paid to create economic models that skew to the market and as with any investor driven bubble as long as there's profit to be had by encouraging needless speculation then the analyst's will continue to back the strong price increases and people will continue to buy into the justification. This has happen with housing, energy, and tech stocks before and it always plays out the same. Do the research yourself it's easy to look up just do a query search for cost of crude oil 2008.
scubastzaJun 25, 2008
Speculate this:8=========)
naieveJun 26, 2008
Yeah but your government is taxing you to kingdom come.
lolupissedJun 26, 2008
Wow you are the dumbest person I have ever met on the internet
ericschc1Jun 26, 2008
It wouldn't have to take that long if our policy makers on both sides of the aisle realized the severity of the problem, not just w/regard to the wallets of the American people, but also w/regard to smart resource conservation. How great would it be, knowing that regardless of the economic or political or environmental events in question, mass oil consumption by the general populace was simply a non-issue? Maybe if we didn't elect assh**es who only stand to financially benefit in the here-and-now from being in bed w/OPEC, this wouldn't happen. But oh so many Americans think those tired old suits know best or at least better than themselves. Occupation of a country thats pretty much holding a huge chunk of the western world's supply probably doesn't help either.
mactrekrJun 29, 2008
Well, not to be argumentative, but the stock market has tanked over the past couple of years, and most people are losing money in it. Real estate is in the crapper, down as much as 30% in some markets, and at best stagnant in all others. Bonds have a guaranteed rate, but currently it's not enough to compensate for inflation. When I state that guns will hold their value, I'm talking about holding value against inflation. If I bought a gun years ago, it's acutally appreciated in value.
clyde2801Jun 30, 2008
It'll happen...just as soon as congress pulls its lips off the lobbyists' c@(ks and quits taking their money.
beaverthepyroJul 2, 2008
this doesn't make any sense - 1. all the big oil speculators are multinational, so they'd just speculate outside the US, and, if you could ban speculation worldwide, the spot price would be the net present value of the future price, which would mean implicit speculation -same price
trick07Jul 2, 2008
Well, all the SUV haters got what they wanted. They wanted gas so expensive people have no choice but to give up their SUV. It doesn't matter to these people that personal cars don't even account for 25% of the fuel usage here in the USA. Nope, what matters is Buffy & Biff are now paying $4.50 a gallon to fill their SUV.They laugh at poor Buffy & Biff while complaining about how expensive everything else is these days. Damn, milk is expensive. Must be Bush. And Buffy & Biff and their SUV who are the problem. Maybe if gas goes to $5.00 a gallon the cost of transportation will go down!
anubis2nightJul 21, 2008
Easy take a look at the highest cost to actually drill and deliver oil to market. The highest cost is the industry standard, so in looking at the prices to bring oil to market:<a class="user" href="http://www.africanoiljournal.com/11-09-2007_oil_prices.htm">http://www.africanoiljournal.com/11-09-2007_oil_pr ...</a>You will find that the average price is somewhere around $20. Now the article I linked to will go on to say that Big oil purchases oil from these outside sources at the current cost and so their profit margins are slim. To that I would argue that the big oil companies have exclusive contracts with many of these oil countries for delivery of oil and often lease the fields where the oil is tapped. To think that they then would need to purchase more oil at the rate that is being bid on the open market would be ludicrous. I'd love for someone to explain how oil companies could make a profit from $100+ oil if they had to buy at the price on the stock market, then factor in the price of refining (which is a loser) and yet oil makes something like 29 billion a year in posted gains. That would only happen if their profit margins were thru the roof which in fact they are. Let's not make excuses for them as there are non to be had. The analysts get paid to create economic models that skew to the market and as with any investor driven bubble as long as there's profit to be had by encouraging needless speculation then the analyst's will continue to back the strong price increases and people will continue to buy into the justification. This has happen with housing, energy, and tech stocks before and it always plays out the same. Do the research yourself it's easy to look up just do a query search for cost of crude oil 2008.