Uuuuuuuum..............Oil is now at $133 a barrel

what bait is that guy using? These clams I have aren't doing so well.

Right now I'm anchored in greewich cove and apparently its against the law to let your dog pee on little islands exposed at low tide, or so I was told this morning. I say we round up all the sea grass huggers and force them to work building new oil platforms, green ones of coarse.
 
If I had an older car I would go out of my way to run over deer and other animals...I hate PETA. My daughter competes horses and PETA is always protesting and picketing.......No wait, forget the deer, I am aiming for PETA members!! Fish, hunt, just kill for the hell of it....its all good!
 
Whether it's PETA telling us what we can and can't do, or the do nothing idiots (we elect) in Washington sitting on their behinds just hoping this will all go away, or the greedy oil speculators driving up the price of oil, this country is in a terrible hurt right now and it ain't going to get better soon. We can talk about drilling for more oil but where is our National Energy Policy to set the strategy for the long term? In my opinion we need to do both............drill for oil wherever it is (the hell with PETA) and get a National Energy Policy going. I know, the same bozos that are in Washington now would also have to set the policy.......... but hey........you got to start somewhere sometime.:smt021.

Doing nothing is not an option but if that's what happens and we continue on with an upward spiral of crude prices, then prepare for a Depression and the civil dis-rest that will come along with it.
 
hot dogs stuffed with cheese aren't doing well either.
 
I'm talking about catching a fish to eat.

I'm a master in rivers and lakes, completely suck in the ocean.

Bright and early this morning I jumped in the dinghy and went claming. I hooked a monster something or other on the clams but it shook off when I got it near the boat. Now I'm out of clams so I've resorted to hot dogs.
 
TurtleTone said:
Those figures that boulder cited are what is being pulled out, not what is in the ground. 30 years ago the gov stopped letting companies drill in the US.

I was watching a special on the Erie canal and I thought to myself, what would be the chances of something like that getting built today. Then I watched a special on Dubai and china and realized that we have some serious catching up to do.
Click to expand...

Nope, that is reserves not production. I'm invested in production and can quote that too but you will not like it.
 
Boulder GT3 said:
Really? Makes for a great emotional out burst but where did you come up with that? The US is by far and away the biggest consumer and is a rounding error in comparison on probable or proven reserves.

The U.S. is #11 on the list.

#1 is Saudi Arabia with 260 Billion
Iran with 136 Billion
Iraq with 115 Billion
Ven with 80 Billion
#11 U.S. 21 Billion.
Click to expand...

This data was current as of Dec 2006. It's out of date and it does not take into consideration the Bakkan Formation, offshore, or ANWR.

Best regards,
Frank C
 
fc3 said:
This data was current as of Dec 2006. It's out of date and it does not take into consideration the Bakkan Formation, offshore, or ANWR.

Best regards,
Frank C
Click to expand...
I have money in production in these markets. The numbers I quoted are from Oil and Gas Journal 2007. While numbers are closely guarded for political reasons that is a the most accepted source. Please provide the data and source that the US has more reserves than Iran, Iraq, V and so on. By any remotely accepted standard the US does not have significant reserves in relation to the overall market. PLease tell me by any source, other than Rush, how we pass Iran, and Iraq.


You mentioned Bakkan. While interesting, those are shale reserve estimated on the high end at 10B barrels. A rounded error compared to Saudis 262B not to mention that shale has about the same net energy efficiency of ethanol. ANWR is between 7-16B but not proven. If you start playing the probable game your argument really does not hold water. We don't have more oil than the other guys.
 
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Actually all we really need to do is re-elect NO ONE and start from scratch. Some one with no experience is at least as good as the ones we have now!!
 
ImpulseIII said:
Actually all we really need to do is re-elect NO ONE and start from scratch. Some one with no experience is at least as good as the ones we have now!!
Click to expand...

Frank

The problem is no one who has an ounce of sense wants to run for office. :wow:

Dave
 
I like "stunningly stupid."

Best regards,
Frank C
 
His name is probably not "Joe" and he does not seem to be your "average American." I wonder who he is.
 
One of the comments below the video said he was a member of the Ralph Nader organization at one time.
 
Three possible decent indicators:

Much of the activity that occured in the run up Friday was short covering. You can look at it several ways but one of the things that it indicates is the amount of money that is in the markets saying it will go down.

OPEC spokesman said today that with the supply and demand ratios right now oil should be $80 barrel. They blamed it on speculation and said they may increase production to let the air out of the speculation bubble. OPEC always blames everything on outside forces and the Saudis welfare state requires more than $80/barrel but if they did bump production it would have a large impact on vetting speculation.

Many heavily invested producers, not speculators, but partnerships that place big bets to find and raise oil are still modeling on $65/barrel. Said another way, they see long term pricing in the $80-90 range.
 
So, I'm reading this morning, that the Senate is having a discussion about removing the tax subsidies to the gas companies and hitting them with windfall profit taxes. The gas companies probably don't need the subsidies, but I don't think they should get the windfall taxes. If you hit these guys with windfall taxes, they'll just push it onto the customer and keep the prices high to pay for the taxes.

The senate's going after the wrong group. They should be going after the speculators! Hit them up for running up the prices with windfall taxes. The oil companies are just willing benefactors of the speculators work.

just my 2 cents.

-VtSeaRay
 
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