Thread: A Glut of Oil in Cushing Oklahma

The first peak oil crisis was Whale oil..

Ships were hunting whales worldwide and the price was skyrocketing..

Its an interesting read.............

Originally Posted by BTeamBomber

What's amazing to me is the fact that the oil "reserves" and "finite resource" means absolutely nothing to the right. They would spill every last drop of oil today if it meant cheaper prices for themselves at the pump, and wouldn't care one bit if it meant a guarantee of a Mad Max style apocalypse.

The US should be increasing reserves, not USING reserves. Until efficient alternative energy exists (which we should also do everything to attain first), the near future is about oil control in the world. Given enough time, it WILL lead to global conflict, price manipulation and total shutdowns of large sections of society. To irresponsibly waste every drop of it right now for the sole purposes of driving cheaper prices and a higher economy, is the worst strategy for oil consumption I can imagine.

I swear, the mindset of conservatives is such that if a genie showed up and offered 5 wishes right now, or 1 wish now and eternal life afterwards, before the genie finished their sentence they'd spout out 5 requests for 1000 donuts, 20 new cars, a bigger house in the suburbs, never paying taxes again and a 10 minute orgasm starting right now (from the missionary position of course). It amazes me that they can't even look ahead or consider 24 hours from now, let alone 3, 5, 10, or 20 years from now and the impact their reckless policies have on our world. Of course, I guess if you assumed the rapture was happening this coming December, maybe that makes sense.

Originally Posted by Iriemon

There is a glut of oil here now.

You want to drill baby drill so that Big Oil can make bigger profits selling it to China?

The ignorance being displayed by the right these days is astonishing, but you gotta remember that they are faith-based. I'm not sure what faith they are based in (neither do they) but what they have is a profound distrust of all things rational.

Originally Posted by Lowden Clear

Any oil flowing through the US is good oil as far as I'm concerned. I'd rather it came from our own ground by our own mean (private US funded). But since that isn't the case right now, take what we can get.

The control of oil is huge. That can't be denied. Our economy is based on it and some treat this fact as if it is meaningless.

ITA -

Originally Posted by Phoebe Bump

The ignorance being displayed by the right these days is astonishing, but you gotta remember that they are faith-based. I'm not sure what faith they are based in (neither do they) but what they have is a profound distrust of all things rational.

I believe the Left Wing Noise Machine believe this stuff.

Originally Posted by Lowden Clear

Any oil flowing through the US is good oil as far as I'm concerned. I'd rather it came from our own ground by our own mean (private US funded). But since that isn't the case right now, take what we can get.

The control of oil is huge. That can't be denied. Our economy is based on it and some treat this fact as if it is meaningless.

But if the Big Oil companies turn around and sell it to foreign buyers to maximize their profits, how exactly does that help us when we are paying higher prices at the pump?

Originally Posted by sherp

I believe the Left Wing Noise Machine believe this stuff.

Yeah, they do. Because they are rational.

Originally Posted by Margot

Well, to me its weird that Canadian oil companies are shipping bitumen to the US and importing a bit over a million barrels a day from Brent and OPEC.

How does that impact their oil security?

It is a crazy world. I don't know what their contracts contain to say but in general it seems they are pushing ahead with oil. Perhaps they are confident of their in-ground supply.

Originally Posted by Iriemon

But if the Big Oil companies turn around and sell it to foreign buyers to maximize their profits, how exactly does that help us when we are paying higher prices at the pump?

Its a mess. We are bent over the barrel. There is no easy way.

I can't fault Big Oil selling to whomever they choose for as much as they can get. As it stands world demand is changing. We are using less but the world is using more. But having more at the ready at least keeps us in supply when the world around us is being very aggressive in getting some for themselves.

Originally Posted by Phoebe Bump

The ignorance being displayed by the right these days is astonishing, but you gotta remember that they are faith-based. I'm not sure what faith they are based in (neither do they) but what they have is a profound distrust of all things rational.

If your idea of rational is contained in your post, then you might be right.

Originally Posted by Lowden Clear

Its a mess. We are bent over the barrel. There is no easy way.

I can't fault Big Oil selling to whomever they choose for as much as they can get. As it stands world demand is changing. We are using less but the world is using more. But having more at the ready at least keeps us in supply when the world around us is being very aggressive in getting some for themselves.

Why would that keep us in supply when Big Oil simply sells it to foreign buyers?

That is why we are paying higher prices now. There is plenty of oil, but not enough gasoline precisely for that reason.

Given this scenario, doesn't it make sense to try to reduce our country's dependency on oil?