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Old 04-23-2007, 09:40 AM  
Donger Donger is offline
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http://www.bloomberg.com/apps/news?p...d=afOlUzd30YOo

Pretty alarmist, IMO, but possible.

Spoiler!

Last edited by Donger; 10-10-2014 at 02:43 PM..
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Old 04-02-2012, 12:07 PM   #3391
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Quote:
Originally Posted by Mr. Flopnuts View Post
So that said, why not hang on to ours until it's all that's left? We can afford it, clearly. Why not wait and see if they can afford it when there is nothing left?

Honest question. I'm pretty dumb to this stuff, and am curious where someone with some intelligence on the matter stands.
Without nationalizing the energy companies, that won't happen. The oil companies are free to put the oil into the market and provide it to whomever will give them the highest profit. We also don't have the refining capacity to meet our demand.
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Old 04-02-2012, 12:08 PM   #3392
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Quote:
Originally Posted by Bugeater View Post
What day will that be?
January 4, 2079
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Old 04-02-2012, 12:09 PM   #3393
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January 4, 2079
Awesome! I'll be dead and I have no kids. **** it. Drill baby drill!
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Old 04-02-2012, 12:19 PM   #3394
ThaVirus ThaVirus is offline
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December 22nd??
The Mayans have been warning us!
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Old 04-02-2012, 12:21 PM   #3395
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Quote:
Originally Posted by Mr. Flopnuts View Post
Awesome! I'll be dead and I have no kids. **** it. Drill baby drill!
Not going after our reserves with all available means is foolish. We have vast reserves. However, even if we were to go after them, that oil wouldn't be for "us." It would go on the market.
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Old 04-02-2012, 12:25 PM   #3396
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Quote:
Originally Posted by Donger View Post
Not going after our reserves with all available means is foolish. We have vast reserves. However, even if we were to go after them, that oil wouldn't be for "us." It would go on the market.
So we should nationalize then?
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Old 04-02-2012, 12:29 PM   #3397
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Originally Posted by BigCatDaddy View Post
So we should nationalize then?
I would prefer not. I'm kind of a fan of capitalism.

One of the major influences in crude pricing is spare capacity, which is just a few million barrels per day. That's why when a war or natural disaster happens and crude production ceases, crude goes up dramatically with the fear (real or imagined) that supply cannot meet demand. If we started pouring a fresh, new supply of crude into the market, prices would drop.
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Old 04-02-2012, 12:34 PM   #3398
Mr. Flopnuts Mr. Flopnuts is offline
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Quote:
Originally Posted by Donger View Post
I would prefer not. I'm kind of a fan of capitalism.

One of the major influences in crude pricing is spare capacity, which is just a few million barrels per day. That's why when a war or natural disaster happens and crude production ceases, crude goes up dramatically with the fear (real or imagined) that supply cannot meet demand. If we started pouring a fresh, new supply of crude into the market, prices would drop.
That makes sense. I talked about nationalization previously in this thread. It's not like I'm a fan of it. It needs to be absolutely necessary before we ever go there.

So if there is another solution that could sustain our capitalism, I'd prefer to try that first.
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Old 04-02-2012, 03:21 PM   #3399
BigMeatballDave BigMeatballDave is offline
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Originally Posted by Donger View Post
No, it will be gone one day.
I think it is renewable.

It all didnt just develop overnight.
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Old 04-02-2012, 03:31 PM   #3400
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I haven't read this thread. I don't believe it will happen but I have always thought that oil needs to be removed from the list of traded commodities.
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Old 04-02-2012, 03:34 PM   #3401
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I think it is renewable.

It all didnt just develop overnight.
We don't have that many years left, for it to renew. At the rate the world uses oil it could never renew.
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Old 04-02-2012, 04:08 PM   #3402
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We don't have that many years left, for it to renew. At the rate the world uses oil it could never renew.
http://discovermagazine.com/2006/apr/anything-oil

With all the throwing away of food we do in this country, I don't know why we can't persue this more...must be the cost or something:

Quote:
The smell is a mélange of midsummer corpse with fried-liver overtones and a distinct fecal note. It comes from the worst stuff in the world—turkey slaughterhouse waste. Rotting heads, gnarled feet, slimy intestines, and lungs swollen with putrid gases have been trucked here from a local Butterball packager and dumped into an 80-foot-long hopper with a sickening glorp. In about 20 minutes, the awful mess disappears into the workings of the thermal conversion process plant in Carthage, Missouri.

Two hours later a much cleaner truck—an oil carrier—pulls up to the other end of the plant, and the driver attaches a hose to the truck's intake valve. One hundred fifty barrels of fuel oil, worth $12,600 wholesale, gush into the truck, headed for an oil company that will blend it with heavier fossil-fuel oils to upgrade the stock. Three tanker trucks arrive here on peak production days, loading up with 500 barrels of oil made from 270 tons of turkey guts and 20 tons of pig fat. Most of what cannot be converted into fuel oil becomes high-grade fertilizer; the rest is water clean enough to discharge into a municipal wastewater system.
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Old 04-17-2012, 12:46 PM   #3403
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Obama takin on the oil speculators. Go get em big boy!


http://money.cnn.com/2012/04/17/mark...P_LN&hpt=hp_t1
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Old 04-17-2012, 01:02 PM   #3404
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Obama takin on the oil speculators. Go get em big boy!


http://money.cnn.com/2012/04/17/mark...P_LN&hpt=hp_t1
Didn't he say this shit last year? Must need to satisfy the minions.
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Old 04-17-2012, 01:16 PM   #3405
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I haven't read through this thread because I don't have enough god damn time.

I'm assuming that with the large number of intelligent people who troll this forum (and don't lol, there are very intelligent people here - those who see the greatness that Captain America Stanzi really is), that somebody has mentioned how our country is a plutocracy with the appearance of a democracy to keep poor people from getting too riled up.

Corporations not only run our country, they run the world. With candidates no longer required to disclose where their campaigns receive money from, does that not raise a giant red flag about where the money comes from? When a corporation basically bankrolls your entire campaign, does that corporation not want you to return the favor when in office?
What is there to keep foreign interests from making large donations to candidates?

Our political system is f'd. Entirely f'd. And the people in charge are geniuses. They take the largest portion of our society and split them up over meaningless issues like birth control and the right to bear arms and religion instead of us uniting against what's really important in our country.

"Demonize welfare, middle class eliminated. Rich get richer 'til the poor get educated."

If you're making under $400k per year, you need to realize that you're no different than the cashier at Wal-Mart. Your $400k a year might as well be turds in a purse compared to the uber wealthy in this country.
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