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Old 04-23-2007, 08:40 AM  
Donger Donger is offline
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Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab

http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 01:43 PM..
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Old 04-24-2011, 02:32 PM   #2671
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Quote:
Originally Posted by BCD View Post
There was never a claim of Iraq starting any war with the US.
2649, maybe I just misunderstood the post...?
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Old 04-24-2011, 02:33 PM   #2672
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Quote:
Originally Posted by BossChief View Post
Exactly.

So, how does that equate to Iraq started the war with the US?

Iraq wanted to eliminate the "oil middle man" and the Bush presidency went to war to stop that.

Clinton pulled out (haha, in more ways/times than one) and when Bush Jr. got into office, he stuck it back in...in the name of Bin Laden/WMD/the poor Iraqui people.

The ironic part of all that is we were a huge part of putting Hussein in power in that region in the first place and there are reports that we gave him the initial recipies to create the very weapons we were trying to take away.

If those events never occurred, can you speculate as to the current price of oil?
If Iraq hadn't invaded Kuwait, we wouldn't have had any need to remove them from Kuwait.
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Old 04-24-2011, 02:34 PM   #2673
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Quote:
Originally Posted by BossChief View Post
2649, maybe I just misunderstood the post...?
Apparently, you did. Do you think that Germany started WWII in Europe?
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Old 04-24-2011, 02:36 PM   #2674
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Quote:
Originally Posted by BCD View Post
Huh?
Most of the oil in that region gets/got exported through the ports in Kuwait.

OPEC

That probably wasnt the best way to represent my thoughts on that, but at the time it was as close as I could get to what I wanted to say.

If Iraq was able to take over Kuwait at that time, it would have given them a lot more power in the world economy.
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Old 04-24-2011, 02:36 PM   #2675
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Quote:
Originally Posted by BossChief View Post
2649, maybe I just misunderstood the post...?
We went to war with Iraq because they invaded Kuwait. UN Resolutions were drawn up. Iraq did not comply. Military action ensued.
Yes, oil was/is a factor.

None of this has anything to do with POTUS controlling the price of crude.
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Old 04-24-2011, 02:36 PM   #2676
Coyote Kev Coyote Kev is offline
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I don't believe that being an idiot is a bannable offense.

Mah music teacher said sumthing along those lines when I played her the blues for the first time. The second time she said the Bealtes was a fad. An the Stones an the Eagles. AND ELVIS.

Thur side windin varmint.

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Old 04-24-2011, 02:38 PM   #2677
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Quote:
Originally Posted by BossChief View Post
Most of the oil in that region gets/got exported through the ports in Kuwait.
No, it doesn't.
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Old 04-24-2011, 02:39 PM   #2678
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Quote:
Originally Posted by Donger View Post
If Iraq hadn't invaded Kuwait, we wouldn't have had any need to remove them from Kuwait.
Countries get invaded all the time. That doesn't mean they are starting a war with the US in doing so.

Does it?

I'm not trying to be Jesse Ventura here, just trying to understand the situation better.

We went to war with Iraq over oil, nothing more, nothing less...Kuwait was just a pawn in the game.
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Old 04-24-2011, 02:42 PM   #2679
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Quote:
Originally Posted by BossChief View Post
Countries get invaded all the time. That doesn't mean they are starting a war with the US in doing so.[

Does it?
When they invade an ally who happens to be oil-rich? Yeah, pretty much.

Quote:
Originally Posted by BossChief View Post
I'm not trying to be Jesse Ventura here, just trying to understand the situation better.

We went to war with Iraq over oil, nothing more, nothing less...Kuwait was just a pawn in the game.
Yes, that's accurate.
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Old 04-24-2011, 02:42 PM   #2680
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Quote:
Originally Posted by Donger View Post
No, it doesn't.
Its not over 50% of the gulf oil that gets exported through Kuwaits ports?

Whats the % then, if I may ask...?
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Old 04-24-2011, 02:44 PM   #2681
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Quote:
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Its not over 50% of the gulf oil that gets exported through Kuwaits ports?

Whats the % then, if I may ask...?
No. Saudi Arabia exports about five times the amount of crude that Kuwait does.
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Old 04-24-2011, 02:51 PM   #2682
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No, it doesn't.
Weeeel, where does it go then. Qualify yer statement. O' course its exported. It doesn't go to' thur people o' Kuwait.!!!!!!!!!!!!!!!!!!!!!!!!
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Old 04-24-2011, 02:52 PM   #2683
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Quote:
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No. Saudi Arabia exports about five times the amount of crude that Kuwait does.
interesting

They allowed us to use them as a jumping point in the ensuing (most recent) war with Iraq as well. Makes sense.

Funny that part of the reasoning of going back to war with Iraq was WMD and finding BinLaden and iirc the majority of the 9/11 hijackers came from SA.

Will gas/crude ever go down, or will it likely continue to rise over the next few years?

In your educated opinion, of course.
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Old 04-24-2011, 02:53 PM   #2684
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any bets on whose mult this guy is?

I say GC
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Old 04-24-2011, 03:03 PM   #2685
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any bets on whose mult this guy is?

I say GC
aH'M GONNA SAY IT AGEN. I aint no mult. Thur Shurriffs know I aint or I'd av bin banned by now. I dunt even know what trollin is, an sheeeeeet aint a swear word. Or at least thate what mah pappy taught me. Sooooo Sheeet.

But iffin I was t' tek a bet. I'd bet agenst thate jOHN fella,

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