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Bush told to plan for Chávez oil shock
Financial Times ^
| July 24 2006
| Andy Webb-Vidal
Posted on 07/24/2006 10:05:47 AM PDT by jmc1969
click here to read article
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1
posted on
07/24/2006 10:05:48 AM PDT
by
jmc1969
To: jmc1969
It's a good thing Mr. Lugar is around to keep our POTUS informed. I'm sure President Bush hadn't thought of this until Mr. Lugar publicly pointed it out.
What a grandstanding putz.
2
posted on
07/24/2006 10:07:29 AM PDT
by
TChris
(Banning DDT wasn't about birds. It was about power.)
To: jmc1969
Maybe Pat Robertson wasn't so nuts after all.
3
posted on
07/24/2006 10:08:20 AM PDT
by
Obadiah
(Liberals: Blazingly Stupid!)
To: jmc1969
Let the drilling commence immediately.
4
posted on
07/24/2006 10:08:42 AM PDT
by
rhombus
To: jmc1969
I would have thought that contingency plans would have been drawn up long ago. If they haven't, then someone hasn't done their job.
To: jmc1969
This is part of the reason we suck up to awful Mexico and tolerate illegal immigration. Mexico is second largest oil supplier after Canada
6
posted on
07/24/2006 10:09:31 AM PDT
by
dennisw
(Confucius say man who go through turnstile sideways going to Bangkok)
To: jmc1969
We are, of course, being held hostage by our very own environmental wacko policies.
7
posted on
07/24/2006 10:09:43 AM PDT
by
Obadiah
(Liberals: Blazingly Stupid!)
To: jmc1969
Petroleum is a fungible resource. When one source of supply is diverted to another point, then the other sources that had been selling competitively in the former market, simply step up their deliveries, with scarcely a hiccup in supply.
Unless all oil producers acted in concert, it would be impossible to embargo delivery of petroleum to any given customer.
To: jmc1969
Oil being a fungible commodity, short of an outright halt in production, how could Chavez selectively boycott sales to the US?
Greed is at least as powerful and emotion as hate.
9
posted on
07/24/2006 10:12:19 AM PDT
by
IamConservative
(Humility is not thinking less of oneself; humility is thinking about oneself less.)
To: jmc1969
Richard Lugar, chairman of the US Senate foreign relations committee, has urged the Bush administration to adopt specific "contingency plans" for a potential disruption to oil supplies from Venezuela. How did Lugar vote on ANWR??? We should be drilling ANWR like a porn star.
10
posted on
07/24/2006 10:12:44 AM PDT
by
Lunatic Fringe
(Man Law: You Poke It, You Own It)
To: jmc1969
Along with that:from Newsmax
Cuba Drills for Oil 60 Miles Off U.S. Coast
With Congress deadlocked over allowing oil drilling in presently restricted areas of the Gulf of Mexico, communist Cuba is already drilling for oil 60 miles off the coast of Florida. Republicans in Congress have tried repeatedly in the past decade to open up the outer continental shelf to exploration. There are an estimated 45 billion barrels in oil reserves and 232 trillion cubic feet of gas reserves in banned drilling areas of the Gulf, and Florida's waters hold the promise of major energy finds.
To: TChris
Mr. Lugar should recall we're in a world market for crude oil. If Chavez pulls Venezulean crude from the US market, crude from another supply point will be backed out of the market.
To: Obadiah
BINGO ! You get today's prize.
13
posted on
07/24/2006 10:15:31 AM PDT
by
Westlander
(Unleash the Neutron Bomb)
To: jmc1969
Where will they sell their oil then?...
The world oil market is like a big tank or plenum. Some countries pump it in, others pump it out and pay them money. The basic supply is about constant. So where will Mr. Chavez sell his oil?
--Boris
14
posted on
07/24/2006 10:18:23 AM PDT
by
boris
(The deadliest weapon of mass destruction in history is a leftist with a word processor.)
To: IamConservative
The oil producing countries are as addicted to our consumption as we are to their oil....
15
posted on
07/24/2006 10:18:54 AM PDT
by
Uriah_lost
(http://www.wingercomics.com/d/20051205.html)
To: alloysteel
16
posted on
07/24/2006 10:18:58 AM PDT
by
boris
(The deadliest weapon of mass destruction in history is a leftist with a word processor.)
To: dennisw
WEll, if Mexican WANT to be part of the U.S. so badly .....
then we should take over Mexico.
We can get their oil, their cheap labor, a shorter border to defend, and force them all to speak English and watch "Deparate Housewives" and survival shows on TV.
17
posted on
07/24/2006 10:20:55 AM PDT
by
ZULU
(Non nobis, non nobis, Domine, sed nomini tuo da gloriam. God, guts, and guns made America great.)
To: jmc1969
Sounds like it may be time for a REGIME CHANGE in Venezuela.
To: Obadiah
You hit it right! Why we aren't building refineries as we speak (type?) is a mystery to me. I know there is a lot of drilling going on, but what good will finding oil do if we don't have refining capacity? And as long as I'm asking stupid questions why aren't we building nuclear power plants? Inquiring minds want to know exactly who is stopping the USA from developing it's energy resources. I'd hazard a few guesses but I'd rather hear the opinions of many here who are much smarter than I.
To: alloysteel
Petroleum is a fungible resource. When one source of supply is diverted to another point, then the other sources that had been selling competitively in the former market, simply step up their deliveries, with scarcely a hiccup in supply. Bingo. He can't stop selling oil or he's bankrupt in 10 minutes. He has to sell to someone, and if he sells to someone, its the same as selling to us. He threatens to cut us off all the time, but he's preaching to his choir, who are economic illiterates.
20
posted on
07/24/2006 10:25:20 AM PDT
by
marron
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