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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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To: jmc1969

At least in the article, Lugar offers NO SOLUTIONS OR SUGGESTIONS, just a demand that President Bush take action.


21 posted on 07/24/2006 10:25:35 AM PDT by Diddle E. Squat
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To: TChris

Unfortunately, he is running unopposed this fall, not that I want a Democrat in the seat, but I did not vote for him in the primary. He drives me crazy, so safe in his position and such a waste of breathable air.


22 posted on 07/24/2006 10:25:52 AM PDT by southernindymom
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To: pepperdog

I don't think building refineries in the US would help much. If the world is producing at near maximum capacity, new refineries would just bid up the price of crude already on the market. The Arabs can see this. They are building new refineries to run their own crude and sell us upgraded (higher value) products.


23 posted on 07/24/2006 10:28:05 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: Lunatic Fringe

He voted against the ban on drilling in ANWR.


24 posted on 07/24/2006 10:28:21 AM PDT by skr (We cannot play innocents abroad in a world that is not innocent.-- Ronald Reagan)
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To: marron

Hey, I was gonna say that!!


25 posted on 07/24/2006 10:29:40 AM PDT by griswold3 (Ken Blackwell, Ohio Governor in 2006- No!! You cannot have my governor in 2008.)
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To: Eric in the Ozarks
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.

The only way Venezuela could keep their oil away from the US would be to not export to anyone. If you look at a map, it is crazy for Chavez to try to sell his oil to China. Shanghai is 9,950 miles from Caracas via the great circle route that goes through the polar ice cap and the Arctic ocean. Actual feasible shipping routes would be at least 12,000 miles. Venezuela is on the wrong side of the Panama canal.


This map shows distances 10,000 and longer from Caracas, Venezuela shaded.

26 posted on 07/24/2006 10:31:13 AM PDT by Paleo Conservative
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To: TChris

Whose side is this RINO A**HOLE on?I wonder how high the speculators will bid up oil based on this"What If"??


27 posted on 07/24/2006 10:33:12 AM PDT by bandleader
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To: dennisw

Bingo!Give that man a cigar!!


28 posted on 07/24/2006 10:34:08 AM PDT by bandleader
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To: rhombus

Unfortunately,only in your dreams!


29 posted on 07/24/2006 10:34:40 AM PDT by bandleader
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To: Paleo Conservative

Smaller tankers can traverse the Canal but their freight is higher because they haul less. Chavez doesn't worry about what the netback is to the Venezuelan people. He's more interested in becoming a demigod to the Left.


30 posted on 07/24/2006 10:35:07 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: jmc1969

Let's prepare, indeed. Let's prepare by getting off of foriegn oil that can be cut off by our enemies. To not do so is absolutely insane.


31 posted on 07/24/2006 10:35:16 AM PDT by mysterio
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To: Paleo Conservative
Also, Venezuela has a major interest in at least one refinery in the US (which is specifically designed to process heavy Venezuelan crude) and a significant retail franchise (Citgo, I believe), so it would be even more costly for Venezuela to walk away from the US market. Doesn't mean it won't happen, but it would make no economic sense to do so.
32 posted on 07/24/2006 10:35:32 AM PDT by labard1
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To: Lunatic Fringe

I will bet REAL money that RINO Lugar voted Against!


33 posted on 07/24/2006 10:35:48 AM PDT by bandleader
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To: jmc1969

Any of a number of things could disrupt the daily commute to the shopping mall.


34 posted on 07/24/2006 10:36:15 AM PDT by RightWhale (Repeal the law of the excluded middle)
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To: ZULU

Not to mention"American Idol"!


35 posted on 07/24/2006 10:37:19 AM PDT by bandleader
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To: pepperdog

And that is the frustrating thing I was just thinking about the other day. Is there any organized movement - at all - that is leading us away from the mercy of the oil barrons? Where is the nuclear? Where is the additional coastal drilling? Is anyone building more refinery capacity? Why not?

Why is this administration not blazing the trail to make it easier for companies to drill and build? Where is the national energy policy that might bring relief and cut the cord to terrorist states?


36 posted on 07/24/2006 10:37:47 AM PDT by Obadiah (Liberals: Blazingly Stupid!)
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To: TChris

Big Dick is a national asset.


37 posted on 07/24/2006 10:38:08 AM PDT by verity (The MSM is comprised of useless eaters)
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To: Obadiah

TIME TO BREAK THE ENVIRONMENTAL BANS, Referendum in favor of Drilling to be voted on by all citizens and overturn Environmental laws both, in Our Country, and The U.N.

The U.N. and Dems in Congress, have been taking land and setting laws that are helping the environmental commies screw up Our Country.
U.N. Biospheres: A Scheme to Control People and Their Land
By C.J. Williams
MichNews.com
Apr 10, 2005




President Reagan pulled America out of UNESCO in 1984 because he believed it was totally corrupt. Perhaps bending to pressure of those behind the UN’s throne, George Bush returned our country to UNESCO in 2002, stating he was doing so as a “symbol of our commitment to human dignity…this organization has been reformed and America will participate fully in its mission to advance human rights and tolerance and learning.”

Because “we’ve” rejoined the U. N. Educational, Scientific, and Cultural Organization, it’s Man and the Biosphere Program (MAB), which never really halted, will likely move full speed ahead in Michigan’s Upper Peninsula. Biospheres, however, are listed only at the request of the country in which they’re located, and can be removed from the biosphere reserve list at any time by a request from that country.

A U.N. Biosphere is a designated core area, usually federal public land operated by a government agency, generally the National Park Service. Biospheres can encompass a National Park, National Forest, Heritage Site, Historical Park, Scenic Highway, Wilderness Area, Designated Wetland, Wildlife Preserve, or a combination of these and/or several other things. The trend now is also to include public state and local municipality land as part of a Biosphere Reserve.



We Need to take back America!
Ops4


38 posted on 07/24/2006 10:39:09 AM PDT by OPS4 (Ops4 God Bless America!)
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To: jmc1969
Of course two can play the "nationalizing" game. I say if the Murdering Thug, AKA Chavez, pulls that we then nationalize all Citgo refineries and gas stations. Russian oil is also high sulfur and we can then entice "Vlad the Inhaler" to sell more oil to us.
39 posted on 07/24/2006 10:39:14 AM PDT by Camel Joe (liberal=socialist=royalist/imperialist pawn=enemy of Freedom)
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To: alloysteel

"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."

Isn't even that hard, many times a tanker load will chsnge hands many times before it's ever delivered.


40 posted on 07/24/2006 10:39:48 AM PDT by dalereed
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