Re: Crude oil will be back at $140.00 a barrel by spring. Chumps still dreaming.
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Re: Crude oil will be back at $140.00 a barrel by spring. Chumps still dreaming.         

Group: nashville.general · Group Profile
Author: Brent P
Date: Sep 19, 2008 13:15

On 2008-09-19, Twibil gmail.com> wrote:
> Heh. Looks as if even the bottom end of the bell curve can afford
> computers these days.

I'm sorry your education was so lacking. Maybe some day you'll figure
out how things really worked and have worked for centuries.
>>>Anyway, Armageddon is going to be here soon, so it's no use saving
>>>anything up for tomorrow anyway.
>> If we don't start drilling our own oil and don't start increasing our
>> refining capabilities, you are correct.
> Doofus, *everyone* -including the oil industry and John McCain- admits
> that we can't drill our way out of the oil crunch for several reasons:
> (A) there's a ten-year turnaround time before the first drop can flow
> into a gas tank,

Especially when it's in their best interest to control supply. What
reason does big oil have to increase supply? Try NONE. There's no free
market, there is no competition on the horizon. They have no reason to
increase supply and reduce prices.
> (B) our own untapped reserves simply aren't large
> enough to make a dent in our national consumption anyway, and,

'our' what is 'our'? There are a few saudi arbias worth of oil in the
Americas that are untaped for various cost and political reasons. That
cost barier was breached for most of it some time ago. But there is
still lots of cheaper to produce oil in the world, so that's what gets
pumped.
> (C) demand is still growing, not just here but all over the world.

Wrong. Demand has dropped in the US. Gasoline refineries have had their
production cut back to keep away from an over supply condition. Again,
there is no free market so there is no need to worry about cutting
supply back and someone else stepping up to plate.
> So no
> matter *how* you cut it, increased demand and a constantly shrinking
> supply will mean rapidly increasing oil prices for as long as the
> reserves hold out, and when it's gone, it's gone.

Supply isn't shrinking. Pick up one of big oil's annual reports. If
they are lying about their reserves growing faster than they are
pumping, they should be charged, tried, and put in prison as called for
by such an act under the various laws for publically traded companies.
So, if you're right go ahead and make that happen.
> Alternative energy sources are going to be the only possible answer,
> and the longer we avoid moving in that direction the worse it's going
> to be for us.

Too bad we don't have a free market. If we did there would be all sorts
of companies bringing alternative energy to market.
>> We do not need that anti-American socialist anywhere near our White House.

Which one? The views of both choices from the establishment party best
fit the definition of national socialism.
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