Guru
You obviously don't remember the crisis in Texas..Originally Posted by Professor Peabody
By early 1986 Saudi Arabia increased production from two million barrels per day to five million. Crude oil prices plummeted falling below $10 per barrel by mid-1986.
That was LESS than lift costs in Texas and Oklahoma.
Everybody in the oil business knows that.
Please link to an article from a reliable news source that quotes him asking OPEC to raise prices.
"One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back." - Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark
If you say so. The Republicans will gain seats in the House and take control of the Senate in November.
"One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back." - Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark
Banned
Guru
Then, IMO, the House/Senate will be a little different...but every bit as useless as it is now.
In other words...BOTH PARTIES COMPLETELY SUCK AT RUNNING AMERICA.
Last edited by DA60; Mar 03 2012 at 02:02 AM.
Does Margot think that if America adopted Drill Baby Drill that oil would drop to $10 a barrel?
Of course she doesn't.
But prices at the pump might stop going up, more Americans would have good paying jobs in the oil industry, and we would give less of our money to her friends in Saudi Arabia.
Guru
If there is some resolution re: Iran, the ppb would drop $10 a barrel, but that is not going to cause the return of cheap oil..
We'd be lucky to see $3.25 again.
The domestic oil business is expanding and the oil industry is employing more people.. .. and we are buying less oil from OPEC and Saudi Arabia.
So what are you talking about again?
Speculators and the geopolitical situation are not something that Obama ... or Mitt or Newt or Santorum can control.
They could of course make things worse by attacking Iran...
What is pivotal here? Israel's demands to take out Iran...
I'm tired of libs and Obama himself telling us how helpless he is when it comes to relieving the high gasoline prices at the pump.
This is the super-inflated ego that smugly promised to control the ocean levels - remember?
Rather "helpless" can you say "indifferent?"
As in he simply doesn't give a (*)(*)(*)(*) and besides high gasoline prices were what he wanted all along anyway.
Last edited by Mac-7; Mar 03 2012 at 02:41 AM.
Guru
Do you realize that the US has the highest exploration and lift costs in the world?
If you can get your head around that one FACT, everything else may fall into place.
I don't have the lift costs at the tip of my fingers but I'll take your word for it.
But I don't care what they are.
That is the private oil companies problem not mine which I'm confident they can deal with.
And I'm sure it doesn't bother Obama either as he attempts to be the omnipotent wizard behind the curtain of our economy.
We have plenty of carbon fuel reserves in America that Obama and the wacko lib environmentalists will try to stop production of any way they can.
Last edited by Mac-7; Mar 03 2012 at 02:51 AM.
Guru
Hahahahaha........ OK Mac.... but the oil business doesn't run on altruism or petulance.
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