pickensplan.com — If there are any doubts that we need to get off our addiction to foreign oil, this should help clear any confusion. OPEC plans to cut oil production by some 2.2 million barrels per day. What will this do? This will raise gas the price of oil per barrel which will ultimately raise the price of gas at the pumps.
Dec 17, 2008 View in Crawl 4
mantellinipedroDec 18, 2008
The consumption of petroleum of the USA increased annually up to 1973, when the seizure of Arab OPEC reduced the annual increases during two years. The increases were renewed, lifting the consumption to 18.8 million daily barrels in 1978, before prices in increase led the demand at a lower level post - of 15.2 million daily barrels in 1983. The consumption began to recover and it was increased with the low prices of the raw one in 1986. Before the 2000 it had arrived to 19.4 million daily barrels. Of each 10 barrels of petroleum consumed in the United States, more than 4 barrels they were consumed in form of motor gasoline. The sector of transport only gives bill of the two thirds of the whole consumption of petroleum that in the United States. The objective of the long term strategic plan of the OPEC is to elevate the price of the petroleum on the US $100/barril. That means that in that price we can be paying for gallon of gasoline it should be near the US $4/gal?n in the United States. The OPEC like other private societies will require thousands of millions of dollars to invest in the exploration and the production to satisfy the demand of increase of the energy and the necessities economic interns of their countries, let us remember they are national companies of whose revenues these economies depend.To limit to the escalade of price of the long term petroleum, by means of the development of alternative energy and of the substitution of raw for other fuels as natural gas.The imports of petroleum of the Gulf Peach in America were increased in more than 40 percent of the 2003 at 2030 (according to the Outlook of the Energy Department). At the same time, more than 40 percent of the total imports in 2030 of America are considered they come from producers and Latin American refineries, including Venezuela, Brazil, Colombia, and Mexico.The Prices of the raw one in 1970, the nominal price of the raw era of $1.35/barril, the world was consuming 46 million barrels approximately (bpd). Before 1979, the world consumption had grown to more than 65 million bpd. Nowadays the consumption is close that 90 million bpd and the price reached over the $100/barril. The will of the OPEC is of taking the price of the raw one on the $100/barril before the world makes any important effort in the protection of the environment and generate the alternative energy.Figure 6 Annual Current Price In the 1970s, the crisis of raw was mainly political. This time the matter is a roof in the supply - a more difficult problem to solve caused by some such factors as; the increase in population and the energy demand, the quick industrialization of countries like China and India; the Long term strategic Plan of the OPEC; and the cuttings in the supply for government of unstable democracies and crude producers such as Iran and Venezuela.The New Crisis of the petroleum in economic terms, the supply crisis of raw seems much smaller that that at the beginning of the oil crisis of 1973. The imports of crude of the United States are in the historical higher level and it continued rising and depending on the supply of other countries producing exporters.How so high the prices of the petroleum will be? That depends of how quickly it is added around the world new production capacity and of how they are resolved the international political conflicts. There are countries like Venezuela that use the crude as weapon politics and of intervention more than of integration. The economy of United States this on the edge of the biggest crisis in their history. When the economies of quick growth of China in India impel the world demand of raw beyond the production capacity, and the Strategic Plan of the OPEC to maintain the high prices, the Americans could experience a worse deficit of permanent energy that that of the 1970s. The State Company?s crude exporters are in only one position today. They own the world crude and wants to increase prices of Energy. They are a diverse group - Saudi Aramco, Petroleum of Venezuela, PEMEX in Mexico, the company of petroleum of Kuwait, Pertamina, and Statoil in Norway, to name some. They control the supply of raw by means of the restriction of the refinement capacity. The economy of America should develop other cheaper sources of alternative energy that the raw one and not to pay remiss attention to the energy crisis that you this bringing near. The effort of developing alternative sources had weakened or it doesn't have a lot of importance, the fundamental doubt also remains still: what would it happen if another military conflict begin in fact? The power of the control of the production and commercialization of raw or has energy, or the minimum access to the big sources of raw constituted a strategic prize historically. It allows that the nations accumulate wealth, feed their economies, take place and they blindfold goods and services, build, buy, to acquire, and to manufacture weapons, to win the wars. The petroleum has helped make the domain possible envelope the physical world. It has given us our daily life and literally, for chemical of agriculture and transport, our daily bread. It has also fed the global fights for the political and economic primacy. A lot of blood has been spilled on its name.Any internal problem of the OPEC, a general meeting of minds will exist between Riyadh and Washington related to the future of the prices of the petroleum, undoubtedly. I want to put an end to some words of Henry Kissinger, the former Secretary of State of President Ford, expressed in 1975; ?The only opportunity to make fall the prices of the petroleum immediately would be the political war against countries like Saudi Arabia and Iran to make them take a stability risk on its internal policy?, this also applies to unstable democracies as Venezuela.
Closed AccountDec 18, 2008Submitter
We also need to transition to American-made sources of energy so aren't at others mercy in terms of the price we pay.
themellowmarshDec 18, 2008
Urghh. . . . stop.
horntzDec 18, 2008
<a class="user" href="http://www.pickensplan.com">http://www.pickensplan.com</a>
Closed AccountDec 18, 2008
Go Mr. Pickens! He's giving our nation the kick in the ass it needs, it's not something he has to do, he's trying to do right...
samotageDec 18, 2008
Well, if you look about you may see the wand already being waved. Head over to Sebastian's zoomilife.com for some examples It's just a matter of time.However the new question will become - where will all the electrons now be coming from?Sam.
jmac2000Dec 19, 2008
The OPEC tax:For decades Americans have been paying a tax to foreign governments. The proceeds of this tax go directly into funding military budgets and welfare for people who are at best indifferent and at worst determined to do us harm. In its raw form this foreign tax shows up at the fuel pump but it takes on more subtle shapes too. It shows up in the price of food, homes and schools. It even shows up in the price of our own national defense. Oddly we Americans don’t recognize the cost of foreign oil as a tax so as proof of the point, in a December 7 interview the Saudi Oil Minister Ali al-Naimi openly admitted their country needs oil at $55 per barrel “to run the country”. So we pay a tax of $55 a barrel to run Saudi Arabia and we pay the same tax to run United Arab Emirates, Kuwait, Venezuela and on and on.
jpdeveauJan 15, 2009
THAT'S LAUGHABLE! The USA burned 70% or more of its known reserves long ago. Either you make major changes not soon but right now or you will soon face a total collapse of the economy and government. You have been misled as to just how much oil is left in the USA and the world. We are getting very close to the world peak of oil production, after that hang on tight its a long ride down the other side of the peak with nobody else to simply buy it from.Major resource wars are coming. World peak oil is coming. Wind, solar and nuclear combined will not save us.
jpdeveauJan 15, 2009
USA HAS NO SAY!?!?!? You're out of you're mind!USA invaded Iraq for Oil how is that now say!? We (Canada) are selling you all of our oil!! You'd probably invade if we didn't!NO SAY!?!?!?Oh my god, you're mind is polluted with corporate and government propaganda!!
texasoilmanJan 18, 2009
Low oill prices make our dependence on foreign oil worse. People use more oil and we produce less. Our oil is now much harder to find in commercial quantities and much more expensive to produce. We are sorta in a Catch-22. High oil prices reduce consumption, make alternatives economic, and increase our domestic production. But at the cost of funding governments who hate us. Low oil prices are good for the economy in general, but they make people conserve less, hurt the environment, kill domestic oil producers, lower domestic production, and make alternatives fuels uneconomic without major government subsidies.