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  canadianrancher575 months, 1 week ago

  From most reports that I heard yesterday even the Saudi representatives said that there was no shortage of oil and the price was being driven by speculation. This 200,000 barrels of oil only represents 200 contracts on the futures market that is flush with money from investors wishing to cash in on the upward movement in oil. The volume of trading in the nearby month on the New York mercantile exchange for oil was over 350,000 yesterday so an extra 200 contracts will never even be noticed.

  What will eventually correct the high prices is already happening, people are starting to drive less and conserve. We are looking at what I feel is an energy bubble which will eventually break.

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    slate5 months, 1 week ago

    speculation is the actual problem,,,,,, take it off that market

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      libsRfunny5 months, 1 week ago

      Interesting. I thought this Daily US News plagiarist site was banned from posting on Preopeller. Very unfortunate it continues.

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        slate5 months, 1 week ago

        Yeah?

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          libsRfunny5 months, 1 week ago

          Yep. I compiled info on the last story these goofs tried to pass off as their own when it was an obviously plagiarized story from the Associated Press. All that site does is a half-assed version of paraphrasing and plagiarism from real news sources and tried to pass it off as its own.

          I sent it to James Marcus as well as the AP. I was told Propeller meant to ban the site from posting here again. Perhaps it takes a little time or someone forgot.

          In reading it, you might have noticed several grammar errors and the information isn't attributed other than the quote, which you can bet they got from another source and failed to attribute it.

          Allow me to demonstrate ...

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            libsRfunny5 months, 1 week ago

            http://www.dailynewsus.com/2008/06/deadly-night...

            Deadly Nightclub Raid In Mexico City

            "Police went to the club last night when someone reported that alcohol and drugs were being sold to minors celebrating the end of the school year.

            "The crowd rushed into an emergency exit after the club owner announced that officers were there to arrest them. The emergency exit was partially blocked by cases of beer. 12 people were killed and 13 injured in the crush. Police detained 39 people including the owner."

            http://www.usatoday.com/news/world/2008-06-21-m...

            12 dead in Mexico City nightclub stampede

            "police showed up to check reports of drugs and alcohol being sold to minors." "celebrate the end of the school year"

            "club's owner announced to the crowd that the officers were there to arrest them"

            "emergency exit, which was obstructed by cases of beer."

            "Police detained 39 people including the owner"

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  engineer5 months, 1 week ago

  I have a solution. Require the oil companies to use their domestic oil to supply the US before shipping it overseas. Prices would immediately come down. This could be done by Congress as a matter of national security

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    GHOSTWHOWALKS5 months, 1 week ago

    Another common sense idea that will, alas, never see the light of day.

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    Endoscopy5 months, 1 week ago

    Ignorance speaks again. We use our own oil and import oil, 80% from Canada and Mexico and 20 % comes from other countries. Oil is always sent from the closest point to keep shipping costs down. What we need to do is what Norway did. They drilled everywhere on land and in the sea. They build refineries. They have cheap gas.

    If Norway can do it why aren't we allowed to do the same?

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      antibrainwasher5 months, 1 week ago

      You want to see ignorance, look in the mirror. Anti-science creationist republican shill alert.

      Anyone who espouses creationism such as Endo has no business commenting on economic or scientific issues. Here's a guy who will argue crackpot charlatan science claiming the earth was created 4000 years ago, then start talking about what we should do with the 2 billion year oil and coal under the 4 billion year old rocks.

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        simonsez5 months, 1 week ago

        Another liberal using insulting and abrasive language toward a poster.

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        Endoscopy5 months, 1 week ago

        ROTFLMAO

        Who is the more ignorant? The one that rules out concepts from being used in science or the one that does not rule out anything?

        I like the way you put words in my mouth that I did not say. Typical of the atheist evolutionist religion. Shout down any desecration of your mantra - evolution is science.

        Evolution is a philosophy and so is religion. Neither can be proved by science. The scientific method can't be applied to evolution. Get over it.

        How do you test the basic evolution concept. "Given enough time small changes in a species will lead to a new kind."

        The fossil record does not show it and there is not enough time in a thousand years to test this theory.

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          cloud155 months, 1 week ago

          Thats simply not true. I for one am catholic but given the facts, evolution is how it happened. The stories of the bible aren't meant to be taken literally, most of them were probably made up by the authors who wanted to add their own perspective as to how life should be lived. Does that mean the bible is nothing but fiction? Absolutely not, but whether some of the stories are true or not is not the point. You're supposed to take the stories and learn the meaning. Its supposed to be a guide on how to live.

          With carbon dating they are able to determine how old fossils are. The dinosaurs were around far before the creation of the earth in bible words.

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            Endoscopy5 months, 1 week ago

            If you are Catholic and hold that view you are not in accordance with your religion. The Catholic Church is one of the most conservative Christian denominations. That means that the Church takes the bible literally as the word of God. Go ask your priest.

            Carbon dating doesn't accurately go back more than 30,000 years. A live seal was dated at 25,000 years. The front of a mammoth was dated at 30,000 years and the back was dated at 60,000 years. The way it is done is they take a small amount of material. They remove everything except carbon. They then compare the amount of carbon 14 to the rest of the carbon. You are dealing with some very small amounts of carbon. Going past 30,000 years you are almost counting atoms.

            I am friends with an archaeologist. They get this type of dating and if it matches their idea they keep it and if not they throw it away. The real method of dating is using pottery.

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              Endoscopy5 months, 1 week ago

              Do it again.

              Evolution has some major problems.

              For starters the fossil record does not show the gradual transition that Darwin said it would. They have come up with explanations about that.

              There are fossils in one strata and their ancestors are in a few strata above it. They have convoluted explanations for that

              There are places where petrified trees are going through several strata. They ignore that.

              There has been found human artifacts in coal. One item was a metal head small sledge hammer. Others are intricate metal objects. Again they ignore that.

              The crust of rock covering oil deposits has not been broken. With the stresses they should have broken after 7,000 years. They ignore that.

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                smithichie5 months, 1 week ago

                http://www.talkorigins.org/indexcc/CC/CC200.html

                http://www.talkorigins.org/indexcc/CC/CC130.html

                http://www.talkorigins.org/indexcc/CD/CD011_6.html

                http://www.talkorigins.org/indexcc/CD/CD231.html

                http://www.talkorigins.org/indexcc/CD/CD232.html

                You ignore the fact your claims HAVE been addressed.

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                  Endoscopy5 months, 1 week ago

                  Did you bother reading most of those claims. I like the one about extra C14 added to the existing C14. The concept of C14 dating is that a set amount of C14 is in continuous supply in the environment and gets in the organism. When the organism dies it slowly decays away. This presupposes two facts not in evidence. the first is that through time the presence of C14 was constant and that nothing could inject C14 after death. And here you go shooting C14 dating in the foot with that one.

                  The hammer incident fails to talk about the fact that the hammer came from a coal mine and the coal was all around the object. They removed the coal when it was found. It ignores the other artifacts found in coal. Why?

                  Some of these basically say that it is the way it is and other science is ignored.

                  You didn't address the petrified trees going through several strata. You didn't address how a strata can have ancestors in strata above it.

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        libsRfunny5 months, 1 week ago

        "Anyone who espouses creationism such as Endo..."

        Interesting you go off on a rant like that when there was no mention of religion, god or creationism in his post. Perhaps someone is a bit of a lunatic, but it sure isn't Endo ;)

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  canadianrancher575 months, 1 week ago

  engineer- We had a national energy policy up here in Canada and the conservatives said it would cripple the oil industy but things continued on. The oil industry whined and complained but they continued to drill. Our prime minister at the time was Mr. Trudeau who was a liberal but considered energy to be a national concern and resource to be shared by Canadians which maybe wasn't such a bad idea.

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    Endoscopy5 months, 1 week ago

    So why is Canada selling oil to the US at such inflated prices?

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  panzerv5 months, 1 week ago

  The solution obviously needs to start on Wall Street.

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    simonsez5 months, 1 week ago

    The solution starts in DC. Open up drilling and the incentives to trade oil will diminish. disruptions cause sharp moves in price.

    Start finding ways to strengthen the dollar ...

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  Harbeas5 months, 1 week ago

  You are right on panzerv. All these so called experts keep saying it is supply and demand, BS! If everyone will notice, after the news of the Saudis increasing the supply, the price of oil climbed even higer. When is something going to be done regarding the wall street idiots and the speculaters and the manipulaters? How can anyone continue to buy the supply and demand crap?

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    simonsez5 months, 1 week ago

    That's because supplies are interrupted in Nigeria ...

    Much of our oil comes from conflicted areas. duh ...

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    Daylight5 months, 1 week ago

    Harbeas

    You are right on panzerv. All these so called experts keep saying it is supply and demand, BS! If everyone will notice, after the news of the Saudis increasing the supply, the price of oil climbed even higer. When is something going to be done regarding the wall street idiots and the speculaters and the manipulaters? How can anyone continue to buy the supply and demand crap?

    This is the economic system set up to exploit the world, rich is getting richer and poor is getting poorer. No one's pocket is safe, these are pick pockets who pick your pocket with your consent. Speculation and manipulation are the name of the game the capitalists ply.

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      Endoscopy5 months, 1 week ago

      200,000 barrels a day is a drop in the bucket. China and other emerging countries are buying up oil at whatever price they can get it for. Their new demand has sent the price sky high. Canada and Mexico love it because we buy 80% of our imported oil from them.

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      Endoscopy5 months, 1 week ago

      200,000 barrels a day is a drop in the bucket. China and other emerging countries are buying up oil at whatever price they can get it for. Their new demand has sent the price sky high. Canada and Mexico love it because we buy 80% of our imported oil from them.

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  antibrainwasher5 months, 1 week ago

  Oil is a national security and global environmental issue. It should be nationalized immediately, the oil companies are not intrested in anything but profit. No one can argue with that. I'll say it again, the oil companies are not intrested in anyting but profit.

  Nationalize oil, and pass laws requiring 50 mph cars mandatory in 5 years, all profit from oil to build high speed and freight train service.

  National security and our national economy is in the hands of texas oil billionaires and saudi arabs. Insane.

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    Endoscopy5 months, 1 week ago

    Out in the open as a socialist or communist. Have the government take over companies. What a concept. Look at the USSR and how well they did at that.

    And you have the name antibrainwasher. Well you are brainwashed and refusing to look at reality. I guess that counts.

    I take it you are one of those super libs who embrace the high gas prices to drive the changes in society you want. I believe the liberal Democrats have kept us from drilling and building refineries as well as nuclear power plants because a little bit of land will be built on. Your kind of concept right. Atheist evolutionist religion adherent that you are.

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    cloud155 months, 1 week ago

    Why shouldn't a company be concerned with making money? Isn't that the purpose of starting the company?

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  Destry5 months, 1 week ago

  I think we better get used to it. There is no motivation currently in congress, big oil, or elsewhere to lower the price of oil. It chaps me to have to pay ten dollars to fill the gas can for my lawn mower, but what can you do??

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  reasonable15 months, 1 week ago

  Drill here, drill now! Coal gasification! Nuclear energy! Every source we have for energy should be used and every chance for conservation should be utilized! No stone should be left unturned in the search for alternative energy sources! Although supplies from new domestic oil sources won't be available for a number of years, oil prices will drop some immediately because oil futures will be immediately negatively impacted. Yes oil is a limited resource, but we still have to have it until alternatives are viable!

  Our next president should form a task force of the "Manhattan Project" variety and free us of energy dependence from these other countries!

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  eugenegerard5 months, 1 week ago

  It is not about a lack of oil. It is about un-regulated "free" markets, speculation abd the collapsing dollar. God Bless Repug idealogy.

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  kedirian5 months, 1 week ago

  "...even the Saudi representatives said that there was no shortage of oil and the price was being driven by speculation."

  And who would be better positioned in the US to whisper a silent "go-ahead" to those speculators than Cheney and his numerous cohorts in the Republican-dominated Wallstreet-mafia?

  It is probably our dubious "luck" that Osama Bin Laden threw a monkey-wrench in those first heady days of the "Uniter's" administration...

  I still say that our National Interest demands a complete release of the attendance list and agenda of Cheney's secret meetings with those energy CEOs!

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  Endoscopy5 months, 1 week ago

  200,000 barrels is a drop in the bucket. The Demand from China and other developing nations is creating a huge demand for oil. Therefore the price goes sky high. The ONLY way to drive it down for the US is to increase the internal supply and the price for outside oil will have smaller impact. The Democrats for many years have been holding hands with the tree huggers and other environmental wackos who put a pristine environment above people. It would seem that they want this kind of thing to happen to make the country be forced to bend to their will by economics. What a party. Side with the terrorists in Iraq, tell lies, and want high fuel prices to force the country to do what they want. If this is not so then they will vote to allow the oil companies to start drilling immediately and not wait for the 10 years of paperwork to be approved.

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    getreal15 months, 1 week ago

    Perhaps a few more refineries as well. Ones that can commune with the environment. This is the one time we agree on something.

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