Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Vaquero
pretty smarmy answer.....all I am saying is that if we were allowed to use our resources and there were enough world wide to fuel everyones needs, then perhaps the prices would be lower....

Your posts seem to require that because they don't make sense. You don't seem to be aware of how supply and demand are effected on a finite resource like oil. Your initial post on which I commented "American leftist politicians have put us in this boat." is just about equal to saying "liberals are dumb" and thinking that's an intelligent conservative post.

check out 'supply and demand', I am not sure, but I believe it is one of the basic tenents of capitalism....

As is speculation on investor money. It's so old it's in the bible yet you don't seem to get it.

30 posted on 11/12/2007 9:49:16 AM PST by DungeonMaster (Al Gore, the Jessie Jackson of weather.)
[ Post Reply | Private Reply | To 27 | View Replies ]


To: DungeonMaster
Oil is not a finite resource like we think of a finite resource like our time on earth for example. The amount of oil is a function of our fuel efficiency and our ability to extract it with better technology. The usable reserves of crude oil are higher today than in 1980 because today we can drill deeper and find oil in places we could not even detect earlier. There is no lack of crude oil in the world, we have enough for more than 200 years. If the amount of oil was finite like we think how come known reserves are higher today than 30 years ago.

Just when we think we are running out of oil, we develop better technology to extract oil from shale rocks in the mid west and Canada. We live in a world of unlimited resources just like our economy which is not a fixed pie but an ever expanding and growing pie.

I work in the oil industry and see this data on a daily basis. One reason oil price is high is that we do not use crude oil but refined oil and we have not built a new refinery in the USA in over 30 years. That and political pressures and the futures market and the environmental wackos. The world is swimming in crude oil if you just looked at the facts.

32 posted on 11/12/2007 10:17:46 AM PST by Maneesh (A non-hyphenated American.)
[ Post Reply | Private Reply | To 30 | View Replies ]

To: DungeonMaster

“your posts seem to require that because you make no sense.”
“it’s so old it’s in the bible, yet you don’t seem to get it.”

brilliance, absolute brilliance.

/sarcasm off?


43 posted on 11/13/2007 3:56:48 AM PST by ripley
[ Post Reply | Private Reply | To 30 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson