Oil prices

[Silverhatch]

http://news.yahoo.com/s/ap/20080516/...a/bush_mideast

Fairly interesting, seems like the Saudis' like the inflated prices . Not 100% sure on the accuracy of the facts but this is a quote from the article.

"When Bush first ran for president in 2000, he criticized the Clinton administration for high fuel prices and said the president must "jawbone" oil producing nations and persuade them to drop rates. At that time, oil was nearing $28 a barrel — less than a quarter what it is now." Funny how people quickly forget things like this. The Saudis twice basically laughed at Bush when he requested an increase in production to try to drop the price per barrel.

[u1arunit]

I removed my original post. My anger was starting to really come out.

[Killercanary]

Is there an underlying message here that the Saudis will increase production if the "customers" (which I assume are the refineries) ask for it? As in to say, they won't do anything, but if the refineries would "ask" then they would increase production so as to discretely point the finger at the refineries as the source of the problem. Am I just burnt out because its Friday or does anyone else see a deliberate, yet concealed message here from the Saudi's? Is this their way of telling us without telling us to try and take action against these "customers" as he refers to them as in order to get the pump prices to drop???

[Troll]

the refineries would ask for it if they could handle it, but they can't. they are at full capacity now. there hasn't been a "NEW" refinery built in this country for over 35 years. the greenie weenies (liberals / democrats) in our own country are what is causing all the heartache. the reason we can't drill in Alaska, North Dakota, Montana, Colorado... etc is because of bills that were written and signed during the Clinton Administration turning those areas into National Forests and whatnot therefore protecting them from any and all industry.

Thank You Billary.

[Silverhatch]

The very scary part of this is there doesn't seem to be anything to prevent them from grinding the pumping process to a halt and pushing the price to double or triple of what it is now! As hard as it is to believe, the Saudis are playing nice with us right now. I guarantee we will be going to war over this. It may take 25-50 years, but we will. If there was anywhere else to get this stuff from, do you think Bush would travel over there and basically plead for them to up production? I could see him doing it in his first term, but this late in his second term? $100/ barrel increase in 8 yrs., talk about inflation.

[RUTHLESS]

I was reading a bit and it looks like we caused all of this. We should have put a finders fee on it!! lol

ECONOMY
Oil was discovered in Saudi Arabia by U.S. geologists in the 1930s, although large scale production did not begin until after World War II. Oil wealth has made possible rapid economic development, which began in earnest in the 1960s and accelerated spectacularly in the 1970s, transforming the kingdom.

[Silverhatch]

I was reading a bit and it looks like we caused all of this. We should have put a finders fee on it!! lol

ECONOMY
Oil was discovered in Saudi Arabia by U.S. geologists in the 1930s, although large scale production did not begin until after World War II. Oil wealth has made possible rapid economic development, which began in earnest in the 1960s and accelerated spectacularly in the 1970s, transforming the kingdom.

Now THAT is interesting! Could have either asked for X% of $$$ or X amount of oil/year.

[phillysrt4]

the refineries would ask for it if they could handle it, but they can't. they are at full capacity now. there hasn't been a "NEW" refinery built in this country for over 35 years.

but then you say

the reason we can't drill in Alaska, North Dakota, Montana, Colorado... etc is because of bills that were written and signed during the Clinton Administration turning those areas into National Forests and whatnot therefore protecting them from any and all industry.

To me, the latter seems moot until the former is changed. Whats the point in drilling if we cant process it anyway.

[Troll]

but then you say

TROLL WROTE SOME SHIT HERE

To me, the latter seems moot until the former is changed. Whats the point in drilling if we cant process it anyway.

just trying to make some points. didn't mean to bring "liberals/democrats" into it like I did. I got caught up in the moment.

fvck it then. keep relying on foreign oil and pay out your a$$.

[phillysrt4]

just trying to make some points. didn't mean to bring "liberals/democrats" into it like I did. I got caught up in the moment.

fvck it then. keep relying on foreign oil and pay out your a$$.

Let me get this straight.

I suggest we focus on refineries first and drilling second because our refineries are at full capacity and suddenly Im a "liberal/democrat"??

Uh, no.

We're going to continue to pay out of our a$$ as long as our refining capabilities are maxed out. We could have a trillion times the oil we currently have in reserve and it wont mean jack if we cant refine it because the supply of gasoline cant increase to meet demand.

If our refineries were running at 60% or 70% capacity then I would say yeah its time to drill. But we're not, and to me it makes more fiscal sense for money to be spent on refining first, drilling second.

But hey, since when has fiscal responsibility meant anything to the CONs anyway?

[Troll]

that was a veiled "I'm sorry" when I said I didn't mean to bring that stuff into it.

Point is, if we had oil on this continent that we could get our hands on, it probably wouldn't be $130 per barrel no matter what's happening at the refinery. :D

[phillysrt4]

my bad.

[Troll]

Actually, the reason the fuel prices have been on the rise is because this is the beginning of the end. There is a conspiracy within the Muslim community to break the West's back. They've been telling us for over 30 years that this would happen. It's taken them this long to get their shit together (truth!). Fuel is the #1 commodity that every American and every American company uses and relies on. At what point are you going to stop buying gasoline??? HUH? $10 per gallon? $15 per gallon? Maybe? At some point some of us and/or maybe all of us will be unable to afford to go to work. Y'all have seen inflation in every product that you purchase. Mostly everything in this country is delivered by truck. That's right, diesel. Diesel is $5.00 per gallon today. Isn't diesel the junk at the bottom after everything else is refined? Wasn't it always cheaper for years and years? Didn't VW and Mercedes make diesel cars because it was cheaper? Why, yes they did. Any why is it more now? Because of what I said in the beginning, the Muslims have decided that now (why now? I don't know) is the time to break our backs. Diesel started to rise long before gasoline did for this very reason. Diesel affects the prices of the everyday items that we buy long before we realized that it might become impossible to buy gasoline for our own personal vehicles.

It has nothing to do with our government or whoever is leading our government. So, all the Republicans and Democrats, get off your high horses and look at the big picture. WE can't continue to rely on foreign oil supplies.

Some people in this country truly believe that we are in Afghanistan and Iraq "fighting for oil" right now. This is so far form the truth it's not even funny. MAYBE at this point, we should start fighting for oil.

Our own troops have to pay the Iraqi companies for diesel and gasoline to run the military vehicles right now. If we would not have been there to liberate the people and the companies, none of them would be able to drill for and produce oil right now. As soon as they got everything squared away, they decided to charge our troops (the very troops that got maimed, wounded, killed for them) for the diesel/gasoline that is supporting their whole economy.

What's the answer? I have no idea. It takes 10+ years to get zoning and approval to drill anywhere in this country. In that amount of time, our economy will be shit... 100% shit. Four years ago (yes right in the middle of Bush's presidency) oil was $60 per barrel. We started using gasoline in this country in the early 1900's. It took 100+ years for light sweet crude to get to $60 per barrel. It took four (4) years to go from $60-$132.

Open your eyes. I am a God-fearing, beer-drinking, cigar-smoking, multiple gun-owning redneck that loves the smell of gasoline just like the rest of us, but something has to be done soon to, at least, REDUCE the demand for FOREIGN oil.

I really really really don't want electric (or worse) vehicles. AND, don't think that public transportation is the answer in Pennsylvania. Most of the public transportation's money comes from the PA GAS TAX. So, if you stop buying gas for your car and get on the bus, it won't be long before the transportation system will run out of gas (literally).

The PA GAS TAX is supposed to go (100%) to the PA DOT Highway Fund and there's supposed to be a firewall set up, but Eddie Rendell always finds a way to steal this money and support public transportation with it. Then, we don't have money to fix the existing highways or build new highways. So, even if you buy the gasoline you're not going to have a decent road to drive on.

Again, I don't know what the answer is. But, I do know this... Democrats and Republicans and Libertarians and whatever else we have in this country need to learn how to stop pointing the finger at each other and come up with a plan (and 4ucking fast) to defeat the Muslim community that is trying to break us.

[Twin01cobra]

When osama gets elected he will save america, gas will be cheap again, everyone will be working, we will have free healthcare and with this kind of change coming, change is all you will have left in your pocket

[blizzard]

^^ troof (told by troll, F osama). funny that VW and the like are soon to be releasing new diesel "green" vehicles... i see a lot of americans start manufacturing their own fuel outta corn, potatoes or whatever in the near future. moonshine or bust!

[Twin01cobra]

^^ troof. funny that VW and the like are soon to be releasing new diesel "green" vehicles... i see a lot of americans start manufacturing their own fuel outta corn, potatoes or whatever in the near future. moonshine or bust!

Food for fuel, the next big disaster.

[Troll]

When osama gets elected he will save america, gas will be cheap again, everyone will be working, we will have free healthcare and with this kind of change coming, change is all you will have left in your pocket

[phillysrt4]

I really really really don't want electric (or worse) vehicles. AND, don't think that public transportation is the answer in Pennsylvania.

you got that right. public transit in pa sucks

[blizzard]

Food for fuel, the next big disaster.

things will change once i get the kinks worked out on this flux capacitor i'm building. then we can start reclaiming our garbage landfills the price of garbage will go through the roof, start collecting now! :D

[Troll]

you got that right. public transit in pa sucks

Even though it should be self-supported, but Rendell keeps stealing my highway-fund money. Because... the drivers are unionized and probably get paid more than any of us.

The whole public transportation system should not be STATE funded.

Privatize that mo-fo and then we'll see what happens wit some competititon.