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Author Topic: Oil crisis  (Read 1103 times)
where_is_god_now?
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« on: August 07, 2005, 09:56:50 pm »

I liked the last answer so much, I thought I might try another...

What is the story with oil prices?  They keep setting record highs every day lately.  Will they ever go back down?
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confusion
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« Reply #1 on: August 07, 2005, 10:10:06 pm »

Very fortunately, oil prices will eventually drop once the fusion reactor is finally unwrapped. 

Oil prices are very high right now because of speculators that are unhappy with the US' execution of plans to "free up" oil supplies.

First, we hit Afganistan.  Afganistan isn't even a major oil producer.  What a complete embarassment.  We soon found our way, though, and hit Iraq.  Iraq was diverting oil away from the US to fund the controversial oil for food scandal that is just now unraveling.  The US, of course, knew this was happening, and we were none to happy that Russia and France were getting OUR oil.

But now, even after we made the once mightly Saddam Hussein cower in a pit, we still have not created the glut of oil that we all had hoped for.  Partly, this is because we didn't do our homework, because if we did, we would have found out that Iraq doesn't really have all that much oil producing capacity.  It'll take a long time to get the infrastructure in place to get the fields pumping at an acceptable rate.

In the mean time, we really have to take a long look inside ourselves and realize the folly of our oil dependent ways: we really have to go where the big supply is - Canada!  Oil shale is the future, baby.  Canada a beautiful expanse of frozen tundra dotted with open pit mines for extracting oil shale.

Anyway, back to the issue at hand:
Free Canada from the oppressions of socialized medicine
build a Catapillar plant way up there
Oil starts to fall

It's pretty straight forward.  Unfortunately, we will likely have to free Iran and Saudi Arabia before we understand that this must be the plan.

Long term, though, the US will have to release it's death grip on nuclear fusion technology.  Sadly, it would mean the end of a lot of iconic companies like Exxon-Mobile, Conoco-Phillips, etc.
« Last Edit: August 07, 2005, 10:13:35 pm by confusion » Logged

jenn-x
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« Reply #2 on: August 13, 2005, 10:49:31 pm »

I just hope gas gets cheaper soon. Sad
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docquesting
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« Reply #3 on: August 21, 2005, 01:51:57 am »

It has nothing to with War or whatever else. Facts are there has never been so much oil on the market even with the pipelines getting hit and what not. It is the folks the play the Comodity market. If you will do your homework you will find that everytime a pipeline or our ships got fired on in Jordon the market "gets a scare". I dont have the news article in front of me but one of the folks on the market admitted to what I am verifying.
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confusion
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« Reply #4 on: August 21, 2005, 10:22:03 am »

It's true that there has never been so much oil in the pipelines, but consumption growth is outpacing supply growth.  The balance is still such that the rising consumption is only serving to increase prices, but if the delta between supply growth and consumption growth continues or rises, we will likely see actual shortages.

That is why the US must keep taking over countries.  We really need to take over Mexico too, to have somewhere to put all the new refineries that are needed!
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