Thread: Protest High gas Prices Anyone?

Originally Posted by jp_48504

And what is your take on the fake oil shortage?

There is no fake oil shortage. That happened in the 70's. Most of the world's giant oil fields are in decline and we are struggling to make up for it by applying tech to the smaller fields. As you can see by the chart I posted we have not had many significant finds in the last 15 years... the easy cheap stuff is gone. I think this is deeply concerning as our entire way of life is dependent on oil... it's not just gasoline you know.

Why did the oil man Bush stated "We are addicted to oil and we need alternatives"? Because they know and they don't want to be blamed for what's about to happen... we warned you, it's your fault.

The fact is that the most dangerous places in the world have the most oil, why is that? Why are we in the middle east? The oil is running out, it's called the Endgame, it's all spelled out in the PNAC document.... physically control the last remaining reserves. It all makes sense when you step back a bit.

You sound awfully sure of yourself. Are you in the oil industry? The fake Enron crises wasn’t so long ago and history does have a tendency to repeat itself.

I have heard many specialists who say we have enough oil in places to keep our nation running for another 100 years and that is in just one field here in the U.S.

Originally Posted by jp_48504

You sound awfully sure of yourself. Are you in the oil industry? The fake Enron crises wasn’t so long ago and history does have a tendency to repeat itself.

Hmm, I think we are all in the oil industry.

Originally Posted by jp_48504

I have heard many specialists who say we have enough oil in places to keep our nation running for another 100 years and that is in just one field here in the U.S.

A half truth, oil production follows a bell curve in most fields that are produced. It starts low and eventually peaks and declines. A man by the name of Hubbert plotted this out in the 50's and applied it to the the total production of US oil. He predicted that the peak of US production would peak in 1970 at the latest. He was wrong of course, it peaked in 1971. The same equations puts global peak oil between 2000 and 2020

Read more about it here. http://en.wikipedia.org/wiki/Peak_oil

Our economy is dependent on exponential growth and that means exponential energy inputs... where are we going? The question is... who gets the oil on the down slope...not you unless you have a boatload of wealth.

Originally Posted by jp_48504

I have heard many specialists who say we have enough oil in places to keep our nation running for another 100 years and that is in just one field here in the U.S.

Oh, I forgot. Yes I've heard of this "Secret oil field" from captains of industry. Supposed to be used to fight the "last war".

I'll file this under I'll believe it when I see it... but does it matter... "last war"?

Originally Posted by jp_48504

You sound awfully sure of yourself. Are you in the oil industry? The fake Enron crises wasn’t so long ago and history does have a tendency to repeat itself.

I have heard many specialists who say we have enough oil in places to keep our nation running for another 100 years and that is in just one field here in the U.S.

I heard that too jp. I also think that because most of us had such a mild winter, they are trying to make up for their loss. What a bunch of crooks and scam artists.

Originally Posted by butterbean

Originally Posted by jp_48504

You sound awfully sure of yourself. Are you in the oil industry? The fake Enron crises wasn’t so long ago and history does have a tendency to repeat itself.

I have heard many specialists who say we have enough oil in places to keep our nation running for another 100 years and that is in just one field here in the U.S.

I heard that too jp. I also think that because most of us had such a mild winter, they are trying to make up for their loss. What a bunch of crooks and scam artists.

Can anyone give a link to info on this fake oil crisis?

Daculling,
You seem to know so much. I think that you could Google it and find out for yourself. There are people in the oil industry who have admitted it as well.

http://www.billoreilly.com/site/product?pid=19977

Gas Pains


By: Bill O'Reilly for BillOReilly.com
Thursday, Apr 20, 2006

The next time a gas fill-up costs you 40 bucks or more, consider this: Lee Raymond, the retired CEO of Exxon-Mobil, was paid more than one billion dollars by that company from 1993 to the present. Raymond's retirement package is about $400 million, according to published reports. Does everybody love Raymond? I don't. I think he's a greed-head.

The Exxon-Mobil board of directors approved Raymond's compensation, and guess who appointed most of those well-paid board members to their positions? Does the name Lee Raymond ring a bell?

And guess who is paying all those Exxon-Mobil salaries, including our pal Lee's? The regular folks who must buy gas to go to work and heat their homes. This is called "predatory capitalism."

Let me explain, and please keep in mind that I am a big-time supporter of capitalism. Gasoline supplies are at an eight year high, according to OPEC. There is plenty of gas selling on the open market, more than enough to meet the worldwide demand.

So rising gas prices are not a supply and demand issue.

What the American oil companies are doing is exploiting the uncertainty in the world. Every time the nutty Iranian government threatens to kill the Jews or the Americans or whoever, speculators bid up the paper price of a barrel of oil.

These speculators operate in the so-called commodities markets. They gamble on where the price of oil and other tangible assets will be months from now. These Vegas-type people sit in front of their computers and bid on "futures" contracts.

Every time the oil company executives, guys like Lee Raymond, see these people bidding up oil "futures," they order their retail gas station owners to jack up prices to you. Supply and demand my carburetor—this has nothing to do with the free market.

If you don't believe me, try to start your own oil company. Just try. The government has to approve almost everything these conglomerates do, and there's no room for any "startups."

So everyday Americans are at the mercy of a complicated shell game that is manipulated by a few people playing high risk financial roulette. But it is no game to millions of Americans who have to buy gas. We have no choice.

That's because the U.S. government declined to do what the government of Brazil did. Next year, Brazil, population 188 million, will be totally independent of imported oil. Back in the 1970's, the Brazilian government mandated that all cars sold in that country run on sugar-based ethanol. And now they do.

These are the same cars we drive. But in Brazil, the fuel situation is sweet. Vehicles run on sugar.

Back here in the USA, the federal government rejected ethanol, and all other alternative fuels, because Lee Raymond and his brethren wanted none of that. Raymond is in the oil business, not the sugar business.

In the time of the French Revolution, Lee Raymond and his $400 million pension would be running one step ahead of the guillotine. But today, some in America admire Raymond and support his unbelievable compensation.

But to those of us who really understand what's going on here, Raymond and his ilk are hurting the country and the government is their enabler. Talk about gas pains. There isn't enough Alka-Seltzer in the world.

http://www.khaleejtimes.com

Opec will not act to raise oil supply
(Reuters)

22 April 2006



DOHA — Opec will not take any action to raise oil output at a consultative meeting on the sidelines of this weekend's meeting between producers and consumers in Doha, UAE Oil Minister Mohammed Al Hamli said yesterday.


He also called for more investment by all to boost oil production capacity and build more refineries, according to the state news agency Wam.

"The consultative meeting will not adopt any measures on production levels," Hamli said. He did not give a date for the meeting.

Oil has soared beyond $70 this week on fears of deeper supply disruptions in Opec member Nigeria and concerns over a potential break in exports from Iran, locked in a row with the West over its nuclear programme.

"There are adequate crude supplies in the market and supply and demand are balanced," the UAE oil minister said, adding that prices are being driven by disruptions in some producers and refinery bottlenecks in some consuming nations.

"All concerned parties must direct more investment in the oil producing sector to increase production capacity in producing countries and to build new refineries," said Hamli.

Originally Posted by Brian503a

DOHA — Opec will not take any action to raise oil output at a consultative meeting on the sidelines of this weekend's meeting between producers and consumers in Doha, UAE Oil Minister Mohammed Al Hamli said yesterday.

The won't because they can't.

http://www.gulf-times.com/site/topic...8&parent_id=28

Qatari Oil Minister Abdullah al-Attiyah and a senior Opec delegate said the group, which accounts for over half the world’s oil exports, was unlikely to cut production for the rest of 2006 if demand levels hold and with prices near $70.
“I think oil prices are too high but there is nothing we can do,” Attiyah said on the sidelines of an economic forum in Doha.
“We are already producing at maximum output.”



Traditionally all oil producing countries basically ran flat out maximum production. Saudia Arabia was concidered the "swing producer", basically turning the taps on and off in response to oil prices. Turn them down if it's too cheap... turn them up if it was too expensive. Those days are over. Saudi is now producing flat out and cannot increase output without damaging their fields.

http://www.mywesttexas.com/site/news...d=475626&rfi=6


Saudi Arabian production is at maximum levels, he said, and the only extra production that country could offer is the heavier crudes, "and the refineries set up to handle that heavier crude are full."


While OPEC likes to make money just like the rest of us it is not in their best interest to have record high oil prices as they damage the global economy and eventually cause demand destruction.