Read this, it will give some insight as to why oil is so high.
http://news.yahoo.com/s/nm/semgroup_dc;_ylt=A0WTcUSYe4pIeSQAgx8DW7oF
Banks lent them 7 billion to gamble on oil futures. They were betting prices would drop. Like I believe that.
Follow the money. Somebody made a fortune here.
Ralph
Ralph Berg said:
Read this, it will give some insight as to why oil is so high.http://news.yahoo.com/s/nm/semgroup_dc;_ylt=A0WTcUSYe4pIeSQAgx8DW7oF
Banks lent them 7 billion to gamble on oil futures. They were betting prices would drop. Like I believe that.
Follow the money. Somebody made a fortune here.
Ralph
Market price of oil has fallen a lot in the last two weeks…our gasoline price has gone from $1.38 a liter down to $1.19. I noticed in the paper today that there is a suggestion that oil will fall back to $87 a barrel by next year…
Yes, it has fallen recently to around $128.
Prior to that, drops were usually around a dollar or two for a day or so before rising further. They managed to lose 3.2 billion of borrowed money prior to July 16th.
When you lose a percent or two at a time, you have to lose many times.
Less than a month ago they were predicting $250 by the end of the year. Next week they will tell us something else.
Ralph
Battery power with RCS.
I’m tellin’ ya, its the only way.
Sorry, wrong thread. :lol:
Steve Featherkile said:Yup, you have warped the woof ...
Battery power with RCS. I'm tellin' ya, its the only way. Sorry, wrong thread. :lol:
Steve Featherkile said:
Battery power with RCS.I’m tellin’ ya, its the only way.
Sorry, wrong thread. :lol:
Ralph Berg said:Steve Featherkile said:
Battery power with RCS.I’m tellin’ ya, its the only way.
Sorry, wrong thread. :lol:
Steve,
You must be running on methane :lol:
Ralph
Steve Featherkile said:Ralph Berg said:Steve Featherkile said:
Battery power with RCS.I’m tellin’ ya, its the only way.
Sorry, wrong thread. :lol:
Steve,
You must be running on methane :lol:
Ralph
Izzat what that smell is?
Ralph Berg said:For the nose or the gut?Steve Featherkile said:I think they make a pill for that, Steve. RalphRalph Berg said:Izzat what that smell is?
Steve, You must be running on methane :lol: Ralph
Beano…for the gut.
I was going to try some once. Looked at the directions and saw I was going to have to eat half the bottle.
Decided gas was a much cheaper option. We all have to make compromises. :lol:
Ralph
No-Drill Policy Of Democrats Harms Planet
By CHARLES KRAUTHAMMER | Posted Thursday, July 31, 2008 4:30 PM PT
House Speaker Nancy Pelosi opposes lifting the moratorium on drilling in the Arctic National Wildlife Refuge and on the Outer Continental Shelf. She won’t even allow it to come to a vote.
With $4 gas having massively shifted public opinion in favor of domestic production, she wants to protect her Democratic members from having to cast an anti-drilling election-year vote.
Moreover, given the public mood, she might even lose. This cannot be permitted. Why? Because as she explained to Politico: “I’m trying to save the planet; I’m trying to save the planet.”
A lovely sentiment. But has Pelosi actually thought through the moratorium’s actual effects on the planet?
Consider: 25 years ago, nearly 60% of U.S. petroleum was produced domestically. Today it’s 25%. From its peak in 1970, U.S. production has declined a staggering 47%. The world consumes 86 million barrels a day; the United States, roughly 20 million. We need the stuff to run our cars and planes and economy. Where does it come from?
Places like Nigeria, where chronic corruption, environmental neglect and resulting unrest and instability lead to pipeline explosions, oil spills and illegal siphoning by the poverty-stricken population — which leads to more spills and explosions.
Just this week, two Royal Dutch Shell pipelines had to be shut down because bombings by local militants were causing leaks into the ground.
Compare the Niger Delta with the Gulf of Mexico, where deep-sea U.S. oil rigs withstood Hurricanes Katrina and Rita without a single undersea well suffering a significant spill.
The United States has the highest technology to ensure the safest drilling. Today, directional drilling — essentially drilling down, then sideways — allows access to oil that in 1970 would have required a surface footprint more than three times as large.
Additionally, the U.S. has one of the most extensive and least-corrupt regulatory systems on the planet.
Does Pelosi imagine that with so much of America declared off-limits, the planet is less injured as drilling shifts to Kazakhstan and Venezuela and Equatorial Guinea? That Russia will be more environmentally scrupulous than we in drilling in its Arctic?
The net environmental effect of Pelosi’s no-drilling willfulness is negative. Outsourcing U.S. oil production does nothing to lessen worldwide environmental despoliation. It simply exports it to more corrupt, less efficient, more unstable parts of the world — thereby increasing net planetary damage.
Raped Rain Forests
Democrats want no oil from the American OCS or ANWR. But of course they do want more oil. From OPEC. From where Americans don’t vote. From places Democratic legislators can’t see.
On May 13, Sen. Chuck Schumer — deeply committed to saving just those pieces of the planet that might have huge reserves of American oil — demanded that the Saudis increase production by a million barrels a day. It doesn’t occur to him that by eschewing the slightest disturbance of the mating habits of the Arctic caribou, he is calling for the further exploitation of the pristine deserts of Arabia. In the name of the planet, mind you.
The other panacea, yesterday’s rage, is biofuels: We can’t drill our way out of the crisis, it seems, but we can greenly grow our way out. By now, however, it is blindingly obvious even to Democrats that biofuels are a devastating force for environmental degradation. It has led to the rape of “lungs of the world” rain forests in Indonesia and Brazil, as huge tracts have been destroyed to make room for palm oil and sugar plantations.
Here in the U.S., one of every three ears of corn is stuffed into a gas tank (by way of ethanol), causing not just food shortages abroad and high prices at home, but intensive increases in farming with all of the attendant environmental problems (soil erosion, insecticide pollution, water consumption, etc.).
This to prevent drilling on an area in the Arctic one-sixth the size of Dulles Airport that leaves untouched a refuge one-third the size of Britain.
There are a dizzying number of economic and national security arguments for drilling at home: a $700 billion oil balance-of-payment deficit; a gas tax (equivalent) levied on the paychecks of American workers and poured into the treasuries of enemy and terror-supporting regimes; growing dependence on unstable states of the Persian Gulf and Caspian basin.
Pelosi and the Democrats stand athwart shouting: We don’t care. We come to save the planet!
They seem blissfully unaware that the argument for their drill-there-not-here policy collapses on its own environmental terms.
Yeah, so? At least we didn’t drill here. We didn’t mess up our back yard. So there! Na na na ni na na. 
I believe most of this is perception. The Democrats/Liberals/greenies are looking as crazy as the war protesters/hippies/flower children did in the 1970’s. Its all the same group, just older, making a lot of noise. Hopefully common sense will prevail as it did with the eras of Carter and McGovern, and the old time Democrats will just stay home and not vote, out of embarassment.
There should be an oil well drilled on every County Seat Court House grounds through out the United States, then leave the drilling tower up, so a wind turbine and solar panels can be installed on them, also. Will they find much oil, maybe not? But it shows we are interested and trying. As our legislators sit and do nothing on a serious energy plan, the speculators bet against us. But put the force of the moon exploration or the grit and sacrifice of World War II behind this project and the price of oil will adjust.
Or we could all vote for “CHANGE”, but isn’t that all that’s left when you give the cashier a dollar. 
Ken,
It is their own perception that is flawed. Mean well but haven’t got a clue.
Just like the electric car. Where is the electricity coming from ? The coal burning and nuclear plants they are protesting.
Ralph