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Oil prices: Wall Street's game

Discussion in 'Political Discussion' started by weswelker#83, May 16, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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  2. Holy Diver

    Holy Diver Pro Bowl Player

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    #80 Jersey

    $127 today

    Hows that energy policy Mr. Cheney?
     
  3. atomdomb

    atomdomb Third String But Playing on Special Teams

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    that article is bunk. wall street has nothing to do with the price of commodities. this is all about bush making money for his buddies.
     
  4. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Say huh?
    .....
     
  5. atomdomb

    atomdomb Third String But Playing on Special Teams

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    sarcasm aimed at retards who think the oil price is caused by the president. the war for oil crowd.
     
  6. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Just making sure they hadn't "gotten" to you...:D
     
  7. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Obama will fix everything, the land of milk and honey is right around the corner.

    Tingling Legs & Orgasms for all.

    Priase The Lord
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    Almight God

    Praise The Blessed
    Obama

    God Damn America
     
  8. reflexblue

    reflexblue PatsFans.com Supporter PatsFans.com Supporter

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    #91 Jersey

    My legs are tingling already aren't your's?:singing:
     
    Last edited: May 16, 2008
  9. PressCoverage

    PressCoverage Banned

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    completely inaccurate...

    completely accurate...
     
  10. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Relief Next Year
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  11. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    No, but it is about the lack of influence Bush has even with his closest allies like the Saudis and the way money is being redistributed from the poor and middle class to create record-breaking oil prices and and oil company profits.
     
  12. Real World

    Real World Moderator Staff Member

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    I was watching ABC news last night, and they were talking about how oil was $27 in 2000 when GW was campaigning for president, and that it's now $127. That got me and my bro talking...

    Year 2000:


    Year 2008:

    So, while demand & cost per barrell have risen, and refining capacity has not, the increase in cost per barrell has not resulted in an identical increase in cost per gallon. At $27 in 2000, gas was $1.50ish, whereas at $127 per barrell, a gallon is $3.60ish. You'd think that at 4.7x the price per barrell, we'd be paying more than 2.4 times the price per gallon. I'm not an oil man, and I understand that the price per barrell doesn't translate directly to gasoline, but it makes me curious how the disparity can be so significant. Anyone know?
     
  13. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Which would be fine, except we get most of our oil from Canada, then Mexico, then the ME.

    "record breaking ...profits" is a nice catch phrase, but let's not forget the demand for petro products has skyrocketed world wide. Ten years ago there wasn't the huge demand for energy and other petro products from lubricants to plastics there is world wide now, with China and India's economy growing at amazing speeds, as well as South American countries like Brazil and Chile.
     
  14. PressCoverage

    PressCoverage Banned

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    Did anyone mention that global hydrocarbons are running out, and there's nothing man can do about it besides take drastic conservation initiatives?

    Oh, someone did? Cool. Just checking.
     
  15. wistahpatsfan

    wistahpatsfan Pro Bowl Player

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    #75 Jersey

    Ummm....Obama is the only one NOT promising to do something about gas prices. He opposed suspension of the gas tax. Remember that? What happened to that?
     
  16. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    This is wrong we have more than enough to last until we can develop viable biodeisel (a renewable hydrocarbon).

    What a silly statement.
     
  17. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Well it didn't have much of a start...
     
  18. PressCoverage

    PressCoverage Banned

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    I assume you're talking about your own poorly researched declaration...

    Before I continue, what specific biodeisel source are you referring to? Are you talking about algae?

    What's your panacea, Mr. Nothing to see Here, Repub optimist guy?

    And for both of you, where is this "plenty of oil" coming from to hold us over before this savior alternative comes to the fore?
     
    Last edited: May 17, 2008
  19. otis p. driftwood

    otis p. driftwood Experienced Starter w/First Big Contract

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    Here, PC, have a gander over here:
    http://www.popularmechanics.com/science/earth/4254875.html

    Now...I'm on record here as even suggesting we need higher energy prices (not that I want to pay them) to further spur aggressive development of new energy supplies. Corn based ethanol is a massive clusterduck. However, using the stalk/leaves instead of the kernel is better, and less damaging to the foodstocks--except as cow feed.
    Switchgrass is good, something like 8-1 because it doesn't need to be planted, plowed etc.
    The original diesel engine ran on peanut oil. There's no reason we can't use plant oils. I'd suggest hemp, rape and soybean. Hemp and rape will grow almost anywhere, and could be a nice cash crop for farmers in the northeast, and of course hemp has other benefits for making into cloth and so forth.
    Solar is being researched more heavily now, and will soon (relative term) be accessible to everyone in the form of thin solar panels easily installed on a rooftop. Geothermal is being worked on to better utilize colder water (not every area has the requisite heat in the ground). Wind is being used more and more.

    I'm not a big fan of nuclear power even though I've even seen some environmental types suggest it. Now, if they could figure out how to do fusion, that would be ideal.

    There's also energy to be derived from the movement of tides and currents.

    The practical problem is getting people to take it seriously. And, unfortunately, I think it's going to take $5-6/gallon gas and heating oil to make that happen.

    I've also posted here about Termal Depolymerization, literally making oil from organic material, and reclaiming it from petro products (plastics etc).
     
  20. PATSNUTme

    PATSNUTme Paranoid Homer Moderator Staff Member PatsFans.com Supporter

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    #75 Jersey

    Our politicians are totally lame. When does someone come out with a real pro average guy policy about energy?

    Drill in Alaska and N.Dakota and off shore and flood the market. Every car sold in America will be hybrid and get 30 MPG by 2015. Build nuclear power plants. Build new refineries. And research viable alternative energy. Kill ethanol-it is a waste.

    But no there was just a vote on drilling in Anwar last week and it failed in the Senate for fears of the caribou.:eek: And all politicians are in the pockets of some special interest group. Too bad both the Republicans and Democrats can't lose big this fall but we are screwed having that 2 party system that is not working for the average person right now.
     

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