Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 06-21-2005, 11:54 AM  
sd4chiefs sd4chiefs is offline
Hubba Hubba
 
sd4chiefs's Avatar
 
Join Date: Aug 2000
Location: San Diego Bandwagon City
Casino cash: $3690
$60 a barrel! Now its getting scary.

http://news.yahoo.com/news?tmpl=stor.../oil_prices_30


NEW YORK - With oil prices marching to new heights of close to $60 a barrel, the president of OPEC said Monday the group will consider raising its output ceiling by half a million barrels as early as this week.

The Organization of Petroleum Exporting Countries raised its output target by that amount just last week. The move appeared to have little impact on prices, which have risen by almost $12 a barrel in the past month because of concerns about limited refining capacity and rising demand for gasoline and diesel.

Light sweet crude for July delivery climbed 38 cents to $58.85 a barrel in afternoon trade on the New York Mercantile Exchange. Earlier, prices hit $59.23, an intraday record on Nymex, where oil futures have been traded since 1983.

Gasoline prices in the U.S. average about $2.13 a gallon, an increase of more than 40 percent over the past two years, but government data released last week showed that demand is up almost 3 percent from a year ago over the past four weeks at nearly 9.5 million barrels a day a growth rate that surprised many analysts.

While soaring jet fuel costs have been a major problem for the airline industry, higher energy prices have not taken as much of a toll on the broader economy as analysts had previously feared. In the first three months of the year, the U.S. economy grew at a 3.5 percent annual rate, according to the Commerce Department, slightly slower than the 4.5 percent pace a year earlier.

The prospect of another attempt by OPEC to cool prices did not impress brokers, who said the effort could actually backfire by highlighting the group's dwindling excess production capacity.

Still, "it looks like we might have difficulty holding these levels," said Mike Fitzpatrick, an oil broker at Fimat USA in New York. "You're seeing a great deal of reluctance among buyers to pay these higher prices."

Oil analyst Andrew Lebow at Man Financial in New York said "once we're in this $55-$60 area, it's been kind of hard to justify. But it is what it is. It seems like we'll hit $60 at this point."

Brent crude for August delivery broke the $57.65 per barrel peak it reached last April to set a new high of $58.58 Monday on London's International Petroleum Exchange. It later fell back to $58.01 a barrel, up 25 cents.

OPEC President Sheik Ahmed Fahd Al Ahmed Al Sabah said Monday that "if the prices continue to the end of this week at the same level, I will start consulting my colleagues to release the 500,000." Asked by reporters in Kuwait what he meant by the end of this week, the minister said Friday.

Last week the oil cartel agreed to raise its official production ceiling to 28 million barrels, starting July 1, but that failed to soothe traders because OPEC's output is already exceeding that level as producers seek to cash in on high prices. Including Iraq, which is not bound by the quota system, OPEC is pumping close to 30 million barrels a day, or about 35 percent of global demand.

Another development brokers were watching on Monday was the threat of a strike by oil workers in Norway, the world's third-largest exporter. A strike could begin as soon as Wednesday because of a salary dispute, potentially slicing the country's daily output of 3 million barrels by a third.

"If you take off 1 million barrels a day in this market, it's going to get ugly," said oil broker Tom Bentz of BNP Paribas Commodity Futures in New York. "Let's just hope it doesn't happen."

While Nymex oil futures are more than 50 percent higher than a year ago, they are still below the inflation-adjusted high above $90 a barrel set in 1980.

Analysts said unlike the record prices last year, which were driven largely by concern over geopolitical events in oil-producing countries such as Nigeria, Saudi Arabia, Iraq and Venezuela, this year's trend has more to do with speculative buying, continued supply fears and limited excess production capacity.

____
Posts: 3,073
sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.sd4chiefs would the whole thing.
  Reply With Quote
Old 03-23-2013, 01:44 PM   #91
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by go bowe View Post
oh come on, shitsprayer has had words with just about everybody at one time or another...
As has penchief. I'm just explaining what's going on. The difference between "just about everybody" and penchief is that penchief just returned from a long absence so digging up posts of his means looking for them in older threads.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 03-23-2013, 02:54 PM   #92
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $5000
Quote:
Originally Posted by Bowser View Post
Why is this drunk bastard bumping irrelevant threads?
There is nothing irrelevant about commie's like penchief harping on and on about gas prices when Bush was president and not a peep out of him for the past 5 years.

But then he shows back up in the Iraq war thread (which lets face it was started by moonbats because they needed SOMETHING ANYTHING to attack Bush again) to call me names and say that I'm

"ignorant"
"hatred"
"stupid"
"pathetic"
"punk"

then of course the rest of the hen's piled on and then when I respond they would roll with "he can dish it out but can't take nah!" for a page or two in the thread like they have done a hundred times before.

Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 03-23-2013, 03:03 PM   #93
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $5000
Quote:
Originally Posted by RedDread View Post
I dunno, but the idea that the president controls the price of oil is nuts. It was nuts under Bush and its still nuts under Obama.
it's funny how nobody pointed that out to penchief when he made these stupid comments. Oh that's right, Bush was president then.
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 03-23-2013, 04:58 PM   #94
RedDread RedDread is offline
Veteran
 
RedDread's Avatar
 

Join Date: Nov 2003
Location: Back in KC
Casino cash: $2474
Quote:
Originally Posted by Comrade Crapski View Post
it's funny how nobody pointed that out to penchief when he made these stupid comments. Oh that's right, Bush was president then.
Don't deflect, you're attempting to make the same point dumbass.
Posts: 3,970
RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.
  Reply With Quote
Old 03-23-2013, 05:15 PM   #95
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $5000
Quote:
Originally Posted by RedDread View Post
Don't deflect, you're attempting to make the same point dumbass.

Last edited by Comrade Crapski; 03-23-2013 at 05:26 PM..
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 03-23-2013, 05:28 PM   #96
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by RedDread View Post
Don't deflect, you're attempting to make the same point dumbass.
What makes you say that?
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 03-23-2013, 05:48 PM   #97
RedDread RedDread is offline
Veteran
 
RedDread's Avatar
 

Join Date: Nov 2003
Location: Back in KC
Casino cash: $2474
I dunno, the fact that he's got the president's face in front of $4 a gallon gas?

Posts: 3,970
RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.
  Reply With Quote
Old 03-23-2013, 05:52 PM   #98
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $5000
OMG you are an idiot.
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 03-23-2013, 05:53 PM   #99
penchief penchief is offline
MVP
 

Join Date: Feb 2003
Casino cash: $5047
Quote:
Originally Posted by Comrade Crapski View Post
There is nothing irrelevant about commie's like penchief harping on and on about gas prices when Bush was president and not a peep out of him for the past 5 years.

But then he shows back up in the Iraq war thread (which lets face it was started by moonbats because they needed SOMETHING ANYTHING to attack Bush again) to call me names and say that I'm

"ignorant"
"hatred"
"stupid"
"pathetic"
"punk"

then of course the rest of the hen's piled on and then when I respond they would roll with "he can dish it out but can't take nah!" for a page or two in the thread like they have done a hundred times before.

My position regarding gas prices has not changed. My biggest gripe is that speculation sets prices rather than supply and demand. That is true with the entire economy. It is a fake economy driven by speculators rather than tangible factors.

The difference between business crooks/oil men running the country versus an administration motivated by public service is that everything is to benefit the industry instead of the people of this country. Including lying us into an unjustified war.

Another really big gripe I had with the Cheneyburton Administration is the gutting of environmental regulations in order to cater to the industry. Particularly, exempting the industry from The Clean Water Act, Clean Drinking Water Act, Clean Air Act, and Superfund Act. All so that hydrofracking could proceed without worry of being held accountable for the damage that is inevitably being done. Unfortunately, I have to live with the consequences of those horrible decisions as I live in the heart of the Marcellus Shale.

I have no problem saying that Obama has not done enough to reverse those greed driven policies. There is a lot I am dissatisfied with regarding the Obama Administraton. But the difference here is that the current administration is not a subsidiary of the oil industry and does try to make the case for alternative fuels.

Unfortunately, it is almost impossible to take a political stand unfavorable to oil industry interests because the industry wields too much influence. I'd like to get rid of lobbying and go strictly with public funding of campaigns. Get the money out of politics and our government could ultimately be returned to us. We should start by reversing Citizens United.

Until the oil industry is no longer able to influence policy we will keep getting screwed. The question is do you want our president to be someone who favors policies that may ultimately offer relief or a president who is in cahoots with the crooks who are screwing us.
Posts: 14,495
penchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking about
  Reply With Quote
Old 03-23-2013, 05:56 PM   #100
Radar Chief Radar Chief is offline
Wearing ballistic dog goggles.
 
Radar Chief's Avatar
 

Join Date: Mar 2001
Location: In the box.
Casino cash: $10377
Quote:
Originally Posted by RedDread View Post
Don't deflect, you're attempting to make the same point dumbass.
Uh, he's pointing out penchief's hypocrisy. Did you really not get that?
__________________
Like "Cool Hand" Luke I'm busting rocks.

__/|_/[___]
|/ \\_| ---OllllO
_( ))~-( ))-0--))
Posts: 22,894
Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.
  Reply With Quote
Old 03-23-2013, 05:58 PM   #101
patteeu patteeu is offline
The 23rd Pillar
 
patteeu's Avatar
 

Join Date: Sep 2002
Casino cash: $5000
Quote:
Originally Posted by penchief View Post
My position regarding gas prices has not changed. My biggest gripe is that speculation sets prices rather than supply and demand. That is true with the entire economy. It is a fake economy driven by speculators rather than tangible factors.

The difference between business crooks/oil men running the country versus an administration motivated by public service is that everything is to benefit the industry instead of the people of this country. Including lying us into an unjustified war.

Another really big gripe I had with the Cheneyburton Administration is the gutting of environmental regulations in order to cater to the industry. Particularly, exempting the industry from The Clean Water Act, Clean Drinking Water Act, Clean Air Act, and Superfund Act. All so that hydrofracking could proceed without worry of being held accountable for the damage that is inevitably being done. Unfortunately, I have to live with the consequences of those horrible decisions as I live in the heart of the Marcellus Shale.

I have no problem saying that Obama has not done enough to reverse those greed driven policies. There is a lot I am dissatisfied with regarding the Obama Administraton. But the difference here is that the current administration is not a subsidiary of the oil industry and does try to make the case for alternative fuels.

Unfortunately, it is almost impossible to take a political stand unfavorable to oil industry interests because the industry wields too much influence. I'd like to get rid of lobbying and go strictly with public funding of campaigns. Get the money out of politics and our government could ultimately be returned to us. We should start by reversing Citizens United.

Until the oil industry is no longer able to influence policy we will keep getting screwed. The question is do you want our president to be someone who favors policies that may ultimately offer relief or a president who is in cahoots with the crooks who are screwing us.
We should just ban the oil companies. We can just buy our oil from the utopia of Venezuala or something.
__________________


"I'll see you guys in New York." ISIS Caliph Abu Bakr al-Baghdadi to US military personnel upon his release from US custody at Camp Bucca in Iraq during Obama's first year in office.
Posts: 75,744
patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.patteeu is obviously part of the inner Circle.
  Reply With Quote
Old 03-23-2013, 06:01 PM   #102
penchief penchief is offline
MVP
 

Join Date: Feb 2003
Casino cash: $5047
Quote:
Originally Posted by Comrade Crapski View Post
But then he shows back up in the Iraq war thread (which lets face it was started by moonbats because they needed SOMETHING ANYTHING to attack Bush again) to call me names and say that I'm

"ignorant"
"hatred"
"stupid"
"pathetic"
"punk"
Regarding this, I usually refrain from getting into these type of pissing matches but I was not in the mood for your disrespect that day. You are easily the most disrespectful person I have encountered on this board. In fact, I was amazed to hear how old you are. Can't believe a man of your age is such a punk. You literally sound like a seventeen year old who doesn't have a clue.

In the future I will attempt to not engage you in the gutter where you reside. However, I may not be able to resist reminding you how much of a punk you are.
Posts: 14,495
penchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking about
  Reply With Quote
Old 03-23-2013, 06:01 PM   #103
RedDread RedDread is offline
Veteran
 
RedDread's Avatar
 

Join Date: Nov 2003
Location: Back in KC
Casino cash: $2474
Quote:
Originally Posted by Comrade Crapski View Post
OMG you are an idiot.
If you were trying to make a point about gas prices not being controlled by the president, you could have done it without using Obama. Unfortunately you can't construct an argument without bringing him into it. You are so upset that he is in the White House that it occupies your every waking moment.
Posts: 3,970
RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.RedDread is blessed with 50/50 Hindsight.
  Reply With Quote
Old 03-23-2013, 06:05 PM   #104
penchief penchief is offline
MVP
 

Join Date: Feb 2003
Casino cash: $5047
Quote:
Originally Posted by patteeu View Post
We should just ban the oil companies. We can just buy our oil from the utopia of Venezuala or something.
Not saying that at all. Just don't let them make the rules. And if they are going to claim that "drill baby drill" is going to lead to energy independence and lower gas prices then we need to make sure that they aren't just blowing smoke up our asses to get their way. And we damn sure need to make sure their not gouging our asses after we let them get away with murder.

I have nothing against anyone or any company/corporation making an honest buck. I just believe that there should be ground rules to ensure that people are not getting screwed and harm is not being done.
Posts: 14,495
penchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking about
  Reply With Quote
Old 03-23-2013, 06:12 PM   #105
penchief penchief is offline
MVP
 

Join Date: Feb 2003
Casino cash: $5047
Quote:
Originally Posted by Radar Chief View Post
Uh, he's pointing out penchief's hypocrisy. Did you really not get that?
There's no hypocrisy. I feel the same way as before.

The reason I don't come on this board as much is because of idiots like shitsprayer. Having a decent discussion became rarer and rarer because it always turns into a worthless shitfest. As you can see by this thread how easy it is for relevant thoughtful discussion to be drowned out by childish personal attacks. And yes, I responded to shitsprayer's attacks with attacks of my own. Not my usual style but that dude is a grade-A douchebag and I felt like telling him so.

Unfortunately, the guy is so immature and such a punk that things are not likely to change.
Posts: 14,495
penchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking aboutpenchief is the dumbass Milkman is always talking about
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 11:47 PM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.