This morning as I write this, oil is approaching $142/bbl. \\; It seems that everybody wants to blame the oil companies for our problems. \\; Ok, if that's the case why didn't oil companies raise prices back in 1998 when oil was trading around $10/bbl. \\; Any rational thoughts on this?
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Mater tua criceta fuit, et pater tuo redoluit bacarum sambucus.
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Ten years ago, January 1998 Billy Clinton got his NAFTA passed. Oil was $10. Since then we have been sending our dollars and our jobs to huge 3rd world countries such as China and India causing them to compete for all natural resources.
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I still say that much of today's price is speculation, that the world economy can't thrive with these prices and that we'll see a crash in oil prices sometime in the next couple of years. It doesn't really matter, imho, how many people in how many countries want oil, if the price hammers the economy, the price will come down.
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$.02.
It's F-ing INSANE \\;\\\\\\;\\\\\\\\\\\\\\; This \\;\\\\\\;is bad so bad I don't know. Someone in Power better do something fast. Not just talk about it but act on in. Time to \\;\\\\\\; start Taking that Oil by force from OPEC and our friend CHVIES the Citco guy. China cutting a deal with CHVIES now to buy and refine his crud. F$$K were in Iraq why ain't we taking there oil. Were loosing \\;\\\\\\;are men and woman in that S^*T hole of a place. WE have no time to start drilling in new places or look for alt sorce of energy thats good for down the road. \\;are Govt has to act now F the rest of the world Take that Oil from these F%^KERS now they started there S%^T on 911 \\;They ain't are friends and never will be they dispise us
Dollars being tossed in investment wise feeling they have nowhere else to turn and poor leadership from goverment on key issues puts us right in the middle of this mess.Toss in the weak dollar on the world stage and you have the makings of a disaster,only the strength of the people will get us out of this mess.It felt great today when I got up and realized my 401 k had become just a 4 with the stock market taking a turd yesterday
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Beer,my passion and my downfall
I neglected to mention that while our population grows, we fail to build any new refineries or to drill for oil where we have gobs of it. We have more oil that's untapped than there is in all of the middle east. We don't need those bustards but we're fools.
I neglected to mention that while our population grows, we fail to build any new refineries or to drill for oil where we have gobs of it. We have more oil that's untapped than there is in all of the middle east. We don't need those bustards but we're fools.
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I floated the idea of building a nuclear reactor on the edge of Vail, Colorado to use as a heat source to extract shale oil from a strip mining operation on their ski slopes. \\; The city council turned us down.
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Mater tua criceta fuit, et pater tuo redoluit bacarum sambucus.
I neglected to mention that while our population grows, we fail to build any new refineries or to drill for oil where we have gobs of it. We have more oil that's untapped than there is in all of the middle east. We don't need those bustards but we're fools.
I agree on the refineries \\;\\\\\\;\\\\\\\\\\\\\\;and to drill for are own oil to keeo for our selfs And I don't want to sound like a communist  \\;\\\\\\;\\\\\\\\\\\\\\;But all the oil we drill for should be owned by us the people meaing our govt not some Oil co or invester from a foregin country to export it out of here Oil is like Water we need it to live as of now it's nessary that we use it to heat or homes power our machines \\;\\\\\\;\\\\\\\\\\\\\\;. As far as the population growth we let to many people \\;\\\\\\;\\\\\\\\\\\\\\;in turned a blind eye to this now there here and were stuck with them. I also read on another post gas is $2.00 a gal in Mexico how can that be? \\;\\\\\\; \\;\\\\\\; \\;\\\\\\;&n bsp\\;\\\\\\; \\;\\\\\\; \\;\\\\\\; \\ ;\\\\\\; \\;\\\\\\; \\;\\\\\\; /
This morning as I write this, oil is approaching $142/bbl. \\;\\\\\\; It seems that everybody wants to blame the oil companies for our problems. \\;\\\\\\; Ok, if that's the case why didn't oil companies raise prices back in 1998 when oil was trading around $10/bbl. \\;\\\\\\; Any rational thoughts on this?
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 \\; Rational thoughts....hmmmm....sinking dollar values against other major world currencies &\\; speculation prolly account for a Big Chunk of the price increase over the past yr or so.
 \\; As for \\;Oil Companies, back in 98 if they could have raised prices they surely would have. And I'd say they are certainly doin all they can to keep prices up!  \\;(and always have done so)
 \\; Capitalism feeds, thrives, and grows on greed. Oil Companies managers \\;and stockhlders demand profit and are gettin it for sure! LOTSA folks are barely hangin on, while others are wearin Crocadile boots singin &\\; skippin \\;all the way to the bank! \\; \\;
wow Carlo .. i sure hope that there aint too many of you out there ... \\; WWII was started by some nuts that had similar ideas ..... you guys got oil - drill for it or shut the f##k up.. ...my 2 cents.
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ORIGINAL: carlo
It's F-ing INSANE \\;\\\\\\;\\\\\\\\\\\\\\;\\\\\\\\\\\\\\ \\\\\\\\\\\\\\\\; This \\;\\\\\\;\\\\\\\\\\\\\\;is bad so bad I don't know. Someone in Power better do something fast. Not just talk about it but act on in. Time to \\;\\\\\\;\\\\\\\\\\\\\\; start Taking that Oil by force from OPEC and our friend CHVIES the Citco guy. China cutting a deal with CHVIES now to buy and refine his crud. F$$K were in Iraq why ain't we taking there oil. Were loosing \\;\\\\\\;\\\\\\\\\\\\\\;are men and woman in that S^*T hole of a place. WE have no time to start drilling in new places or look for alt sorce of energy thats good for down the road. \\;\\\\\\;are Govt has to act now F the rest of the world Take that Oil from these F%^KERS now they started there S%^T on 911 \\;\\\\\\;They ain't are friends and never will be they dispise us
ORIGINAL: carlo
I agree on the refineries and to drill for are own oil to keeo for our selfs And I don't want to sound like a communist But all the oil we drill for should be owned by us the people meaing our govt not some Oil co or invester from a foregin country to export it out of here Oil is like Water we need it to live as of now it's nessary that we use it to heat or homes power our machines. As far as the population growth we let to many people in turned a blind eye to this now there here and were stuck with them. I also read on another post gas is $2.00 a gal in Mexico how can that be?
If you want something to get really expensive, turn it over to the federal bureaucrats. If you want a piece of the action, put some stock of the companies that do the drilling into your 401k. \\;
Oil Approaches $142/bbl
