9/11 Bombshell Report: 3000 Americans for Three Saudi Princes

+1 to Lone Ranger

Oil companies are not of course ... evil. And of course, stockholders and pension funds etc. own them. However, while we're on the front lines of deare olde capitalism, let's not pretend there are not some systemic faults in the private energy sector matched to, and as a response to, some grave systemic faults in the public sector units that attempt to regulate it.

That was what I was foolishly counting on the Bush Boys to address. The creative ways the oilcos use to circumvent the idiotic attempts to regulate them do no one any good in the long run.

as far as the world supply of crude goes ... I maintain that there is an absolute glut ... and that is just as much an economic problem as any perceived shortage.

Global demand continues to increase as we add 50 million a year to the world population and emerging economies like India and China are becoming more affluent and can afford more and more automobiles. Increased car ownership means higher oil requirements.

Yup. And so what? 150 years from now, there WILL be alternative fuel for vehicles. In the meantime, crude supplies will easily double as newly discovered fields come on line. Newsflash, automobiles need not be powered by gasoline. A natural progression might be Diesel, Natural Gas, Hydrogen, even electric ... powered by Nuclear Fission and FUSION plants. Right now, we are suffering from the pseudo-science of Domesday Environmentalists who think we'll run out of oil in the next 10 years.

The elites want the "little people" out of their cars and will go to any fairy tale they can dream up to further that goal.

as far as the world supply of crude goes ... I maintain that there is an absolute glut ... and that is just as much an economic problem as any perceived shortage.

Total global energy consumption will increase.

You can maintain all you want, but there are data available that don't indicate a "glut." I don't buy into the conspiratorial theory that there is some small cabal out there fixing the price of oil artificially.

Yup. And so what? 150 years from now, there WILL be alternative fuel for vehicles. In the meantime, crude supplies will easily double as newly discovered fields come on line.

We were talking about gluts and consumption. You make it all sound so easy. You just go out somewhere, start drilling, and voile' you have more oil or gas. I spent five years in Saudi Arabia. I saw firsthand what it takes to get the stuff out of the ground. It takes an enormous amount of money and technology. There is a reason why the oil companies are going out further and further in the ocean for deep water drilling.

I don't want the government artificially setting caps on the costs of a barrel of oil. Nor do I want them to choose winners and losers in terms of what kind of energy sources we use. Let the marketplace continue to work and we will get plenty of affordable energy.

as far as the world supply of crude goes ... I maintain that there is an absolute glut ... and that is just as much an economic problem as any perceived shortage.

Total global energy consumption will increase.

You can maintain all you want, but there are data available that don't indicate a "glut." I don't buy into the conspiratorial theory that there is some small cabal out there fixing the price of oil artificially.

Yup. And so what? 150 years from now, there WILL be alternative fuel for vehicles. In the meantime, crude supplies will easily double as newly discovered fields come on line.

We were talking about gluts and consumption. You make it all sound so easy. You just go out somewhere, start drilling, and voile' you have more oil or gas. I spent five years in Saudi Arabia. I saw firsthand what it takes to get the stuff out of the ground. It takes an enormous amount of money and technology. There is a reason why the oil companies are going out further and further in the ocean for deep water drilling.

I don't want the government artificially setting caps on the costs of a barrel of oil. Nor do I want them to choose winners and losers in terms of what kind of energy sources we use. Let the marketplace continue to work and we will get plenty of affordable energy.

I spent many years in KSA right along with you, and if it ever costs those worthy oriental gentlemen more than $3/bbl to produce the stuff, I'll buy'em all a drink.... and I know where the conniving robed bastards do their "forbidden" drinking, saddiqui.

Oilco Accounting is surpassed in surrealism only by Hollywood, and maybe Hospital, Accounting. It is more theology than mathematics, requiring absolute belief in the "Depletion Allowance" Divine Numerology. Suffice it to say that a true oilco numba mechanic could easily prove a dead loss if a well were pumping a thousand bbls of scotch a minute, in which were suspended gold flakes and Rolex watches. "Yup, that dry hole we drilled outsida Tulsa in '37 cost us over $3 Billion dollars ... back when that was real money, sport. Gotta get that back."

To update G.K. Chesterton:
How odd of God
To put the crude
Under the butts
Of those so Rude.

Furthermore good kabar, in your zeal to defend good olde American enterprise, which I truly appreciate and share... you might be overlooking a point. Let's set out to replace oil over the next TWO CENTURIES, for which even you must be willing to concede an ample supply of the stuff while we scientifically phase it out. Step 1: Phase out gasoline in favor of Diesel. Step II: Go to Natural Gas, Step III: Progress to Hydrogen. Increase Nuclear for power generation ... maybe someday there will be enough cheap juice to go electric. Problem to me is we ain't got no plan ... no leadership ... no energy clue.... no scientific direction. The Frogs (the damned FROGS!) get 80% of their juice from nukes and are driving cool diesel cars. Us what, 10% nuke ... no diesel cars?

There is no oil emergency. There is no Environmental Crisis. What we've got after all is said and done, is a Mormon Milquetoast running against a Marxist MF from Mombasa who reached his highest and best use as an ice cream clerk in Honolulu ... and neither of whom has a scrap of science in their head. They seek to lead a dumbed-down nation that has been brainwashed into believing that "fossil" fuel=pollution, "greenhouse" gases cause Global Warming, there's a hole in the ozone layer, and that soon the Eastern Seaboard will be under water.

The doubling of price at the pump over the past 3 years alone is sufficient reason to remove The Mombasa MF ... that cost of energy is a major foot on the throat of our economy and he has paid no, NO attention to it. What's the Mormon Milquetoast have to say about all this? I don't know. Does anyone else?