Lets make gas 4.00 a gallon and end this mess.

[charrison]

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

 

[charrison]

Originally posted by: techs
Whether the world supply and the world demand are in any kind of balance is not my argument. There is a monopoly is controlling our economy and our future.
My point is that due to a non-market condition (opec) the price of oil is being set to hinder alternative sources. Even today a long term investment in say, the Canadian tar sands, can't assume 65.00 dollar a barrel oil or any market based price. It has to fear that all the investment could go down the tubes if opec lowers the price just below what it costs to build the refineries. And that is exactly what opec will do.
Also, I am not proposing one cent of the increased tax revenues go for subsidies to alternative sources. I would let the market determine where and what to develope. Which they would if they knew oil would cost a certain amount and their investments couldn't be destroyed by a monoply (opec)

Canadian tar sands are producing about million barrels/day right now.

 

[techs]

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because opec doesn't want 30.00 a barrel oil. If they did it would come down to that in a matter of time. They want a price that will maximize their income and prevent any loosening of their monoply below a certain point. Which is why 65.00 oil is threatening to them.

 

[charrison]

Originally posted by: techs

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because opec doesn't want 30.00 a barrel oil. If they did it would come down to that in a matter of time. They want a price that will maximize their income and prevent any loosening of their monoply below a certain point. Which is why 65.00 oil is threatening to them.

It is in opecs best interest to have 30/barrel oil. As any higher than that bascially guarantees alternatives hitting the market weaking their market share. Opec has lost control of their previous ability to set the market for oil. Opec at this point is dead.

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because then Exxon, Bush, Cheney and the rest of the Oil barons wouldn't be making these astronomical record profits:

9-22-2005 Exxon Mobil Corp., the Irving, Tex., behemoth that produces and refines oil, reported in July that its second-quarter profit was up 32 percent, to $7.64 billion. Analysts expect Exxon's profit to soar again this quarter.

 

[dmcowen674]

Originally posted by: charrison

It is in opecs best interest to have 30/barrel oil.

As any higher than that bascially guarantees alternatives hitting the market weaking their market share.

Opec has lost control of their previous ability to set the market for oil.

Opec at this point is dead.

and people call for the straight jacket for me??? :roll: :roll: :roll: :roll: :roll:

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because then Exxon, Bush, Cheney and the rest of the Oil barons wouldn't be making these astronomical record profits:

9-22-2005 Exxon Mobil Corp., the Irving, Tex., behemoth that produces and refines oil, reported in July that its second-quarter profit was up 32 percent, to $7.64 billion. Analysts expect Exxon's profit to soar again this quarter.

And those profits are currently being reinested in new oil fields and repair of their infrastructure damaged by the bad weather. Or worst case it will be returned the share holders...

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because then Exxon, Bush, Cheney and the rest of the Oil barons wouldn't be making these astronomical record profits:

9-22-2005 Exxon Mobil Corp., the Irving, Tex., behemoth that produces and refines oil, reported in July that its second-quarter profit was up 32 percent, to $7.64 billion. Analysts expect Exxon's profit to soar again this quarter.

And those profits are currently being reinested in new oil fields and repair of their infrastructure damaged by the bad weather. Or worst case it will be returned the share holders...

Bahahahahahaaa wow, you must own every bridge in New York City :laugh: :laugh: :laugh:

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: Pabster

Originally posted by: charrison
There is very little spare capacity in the market.

Baloney. OPEC has the capability to release MUCH more oil to the market on a daily basis than they are. OPEC saying "we're at full capacity" is like the gas station owner shutting down half his pumps so he can charge 2x as much at the others.

IF that is the case, why is oil not at $30/barrel right now?

Because then Exxon, Bush, Cheney and the rest of the Oil barons wouldn't be making these astronomical record profits:

9-22-2005 Exxon Mobil Corp., the Irving, Tex., behemoth that produces and refines oil, reported in July that its second-quarter profit was up 32 percent, to $7.64 billion. Analysts expect Exxon's profit to soar again this quarter.

And those profits are currently being reinested in new oil fields and repair of their infrastructure damaged by the bad weather. Or worst case it will be returned the share holders...

Bahahahahahaaa wow, you must own every bridge in New York City :laugh: :laugh: :laugh:

So tell me what good does it do a company to sit on profits, instead of reinvesting them?

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

It is in opecs best interest to have 30/barrel oil.

As any higher than that bascially guarantees alternatives hitting the market weaking their market share.

Opec has lost control of their previous ability to set the market for oil.

Opec at this point is dead.

and people call for the straight jacket for me??? :roll: :roll: :roll: :roll: :roll:

So why is the market ignoring opec when they say the oil market is well supplied?

 

[dirtboy]

Originally posted by: techs
Here's an unpopular idea. Lets tax gas up to 4.00 a gallon. And keep it there, by law.

If 4.00 per gallon is a good idea, I support $4,000 per gallon;

 

[dirtboy]

Originally posted by: dmcowen674
Not bad but $4 is not high enough.

Needs to be locked at $10.

Only way to get the rich off their collective asses as they will be the only ones able to afford to drive.

You'd be the first to complain that the poor people you try to identify with and sympathize with, couldn't afford to drive.

 

[1EZduzit]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

It is in opecs best interest to have 30/barrel oil.

As any higher than that bascially guarantees alternatives hitting the market weaking their market share.

Opec has lost control of their previous ability to set the market for oil.

Opec at this point is dead.

and people call for the straight jacket for me??? :roll: :roll: :roll: :roll: :roll:

So why is the market ignoring opec when they say the oil market is well supplied?

Why did people invest in the "enternot" despite all the analyst's reccomendations not too?

 

[dirtboy]

Originally posted by: charrison
I would have to agree. The market is working fine without any help. Gas consumption is down, oil companies have double their exploration budgets and there has been much activity in the coal/shale to liquids industry.

I thought they halved their exploration budget because they have already found most of the oil on the planet. The problem is it's not easily accessible.

 

[charrison]

Originally posted by: dirtboy

Originally posted by: charrison
I would have to agree. The market is working fine without any help. Gas consumption is down, oil companies have double their exploration budgets and there has been much activity in the coal/shale to liquids industry.

I thought they halved their exploration budget because they have already found most of the oil on the planet. The problem is it's not easily accessible.

The oil industry has doubled its exploration budget and development budget.

 

[charrison]

Originally posted by: 1EZduzit

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

It is in opecs best interest to have 30/barrel oil.

As any higher than that bascially guarantees alternatives hitting the market weaking their market share.

Opec has lost control of their previous ability to set the market for oil.

Opec at this point is dead.

and people call for the straight jacket for me??? :roll: :roll: :roll: :roll: :roll:

So why is the market ignoring opec when they say the oil market is well supplied?

Why did people invest in the "enternot" despite all the analyst's reccomendations not too?

That is a bit different, judging from OPECS words and actions they are not having an effect on the oil market.

 

[dirtboy]

Originally posted by: charrison

Originally posted by: dirtboy

Originally posted by: charrison
I would have to agree. The market is working fine without any help. Gas consumption is down, oil companies have double their exploration budgets and there has been much activity in the coal/shale to liquids industry.

I thought they halved their exploration budget because they have already found most of the oil on the planet. The problem is it's not easily accessible.

The oil industry has doubled its exploration budget and development budget.

I'd like to read about that. Can you provide some links/references?

 

[charrison]

Originally posted by: dirtboy

Originally posted by: charrison

Originally posted by: dirtboy

Originally posted by: charrison
I would have to agree. The market is working fine without any help. Gas consumption is down, oil companies have double their exploration budgets and there has been much activity in the coal/shale to liquids industry.

I thought they halved their exploration budget because they have already found most of the oil on the planet. The problem is it's not easily accessible.

The oil industry has doubled its exploration budget and development budget.

I'd like to read about that. Can you provide some links/references?

Something I read last week, I will try to find the link.

 

[1EZduzit]

Originally posted by: charrison

Originally posted by: 1EZduzit

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

It is in opecs best interest to have 30/barrel oil.

As any higher than that bascially guarantees alternatives hitting the market weaking their market share.

Opec has lost control of their previous ability to set the market for oil.

Opec at this point is dead.

and people call for the straight jacket for me??? :roll: :roll: :roll: :roll: :roll:

So why is the market ignoring opec when they say the oil market is well supplied?

Why did people invest in the "enternot" despite all the analyst's reccomendations not too?

That is a bit different, judging from OPECS words and actions they are not having an effect on the oil market.

Maybe, but when commodity markets get out of whack, you never know what might happen.

 

[bamacre]

Originally posted by: dmcowen674
Not bad but $4 is not high enough.

Needs to be locked at $10.

Only way to get the rich off their collective asses as they will be the only ones able to afford to drive.

So only the rich people can have gas, all other fvck off and die???

 

[dmcowen674]

Originally posted by: bamacre

Originally posted by: dmcowen674
Not bad but $4 is not high enough.

Needs to be locked at $10.

Only way to get the rich off their collective asses as they will be the only ones able to afford to drive.

So only the rich people can have gas, all other fvck off and die???

The Captain Obvious Club is strong today :roll: :roll: :roll: :roll::roll:

 

[techs]

From what I have read the oil companies are investing in new production. But the decision on what to develope is not based on 65.00 a barrel oil. It is something like 40.00 because they are influenced by opec and their monoply. If Katrina hadn't happened and Saudi Arabia and the rest of opec opened the spigots the price of oil would have gone way down.

Once more. If there were a way to remove the influence of opec and guarantee a floor to oil prices that were above the amount needed to spur alternative resources the market would develope alternate resources.
4.00 a gallon (imo from what I have read) is a high enough price to do this while at the same time not killing the economy or drastically changing our lifestyles. In fact 10's of millions of americans can recoup most of the increase by buying fuel efficient cars and not cutting back driving one bit.

 

[bamacre]

Originally posted by: dmcowen674

Originally posted by: bamacre

Originally posted by: dmcowen674
Not bad but $4 is not high enough.

Needs to be locked at $10.

Only way to get the rich off their collective asses as they will be the only ones able to afford to drive.

So only the rich people can have gas, all other fvck off and die???

The Captain Obvious Club is strong today :roll: :roll: :roll: :roll::roll:

Sounds like someone cannot stand the taste of their own medicine

BTW, when you campaign, are you going to actually tell people that you think, "(Gas) Needs to be locked at $10 (per gallon)?"

 

[dmcowen674]

Originally posted by: bamacre

Originally posted by: dmcowen674

Originally posted by: bamacre

Originally posted by: dmcowen674
Not bad but $4 is not high enough.

Needs to be locked at $10.

Only way to get the rich off their collective asses as they will be the only ones able to afford to drive.

So only the rich people can have gas, all other fvck off and die???

The Captain Obvious Club is strong today :roll: :roll: :roll: :roll::roll:

Sounds like someone cannot stand the taste of their own medicine

BTW, when you campaign, are you going to actually tell people that you think, "(Gas) Needs to be locked at $10 (per gallon)?"

No

I would make Gasoline obsolete and put the Country on Hydrogen vehicles.

 

[zendari]

Originally posted by: dmcowen674

No

I would make Gasoline obsolete and put the Country on Hydrogen vehicles.

And how would you turn hydrogen into a source capable of powering 200 million vehicles? Snap your fingers?