dumpster56
Thinks s/he gets paid by the post
- Joined
- Nov 28, 2005
- Messages
- 2,146
Like I said in another thread the arabs do not need to bomb any more american cities they just need to raise the price of oil to a point where it bankrupts america.
Like I said in another thread the arabs do not need to bomb any more american cities they just need to raise the price of oil to a point where it bankrupts america.
Build 3 Nuclear Power plants per state. It would revive the economy, it would put the arabs in Opec on notice that we here in the states will have as much electric power as we need. Let the Chinese buy the stinkin oil!
Like I said in another thread the arabs do not need to bomb any more american cities they just need to raise the price of oil to a point where it bankrupts america.
Is Oklahoma City an American city? Let's not blame everything on the 'arabs', OK?OPEC's influence on the market has been called into question. ...
OPEC's ability to control the price of oil has diminished somewhat since then (my note: 1973), due to the subsequent discovery and development of large oil reserves in the Gulf of Mexico and the North Sea, the opening up of Russia, and market modernization.
newguy, you still don't grok the whole supply/demand thing, do you?
OPEC (not just Arabs, as Kahn referenced) cannot directly set the price of oil. They can agree to reduce output, which will cause prices to rise (offset by fewer barrels sold). Sure, they could refuse to sell a single drop, but then they wouldn't make any money, would they? Their impact is limited (from wiki):
Is Oklahoma City an American city? Let's not blame everything on the 'arabs', OK?
-ERD50
newguy, you still don't grok the whole supply/demand thing, do you?
OPEC (not just Arabs, as Kahn referenced) cannot directly set the price of oil. They can agree to reduce output, which will cause prices to rise (offset by fewer barrels sold). Sure, they could refuse to sell a single drop, but then they wouldn't make any money, would they? Their impact is limited (from wiki):
Is Oklahoma City an American city? Let's not blame everything on the 'arabs', OK?
-ERD50
Come on Iraq is happening for one reason and one reason only, an american police station in the part of the world that has an awful lot of oil. We left saudi arabia after 9/11 .. Why?? Bin Laden said that was one of his reasons for the attacks on 9/11
Interesting. NO??
If we want to keep the happy driving around the good ole usa we better keep american troops in that part of the world.
Opec cannot pump more oil because there is not as much left as everyone thinks.
(And by the way, Newguy, he is correct -- oil is fungible)
............ So here in the US, where we have a powerful farm lobby that knows how to grow corn, we have a farm subsidy policy parading around like an energy policy drag queen and producing just over one unit of energy for every unit consumed. ..............
Ethanol is a viable product because it can work with our current technology. It can be mixed with gasoline. We can produce enough of it help offset oil consumption. We do not have to be 100% ethanol.
Something else that would help with the final product is for the US legislature to pass a bill that sets a nation-wide standard for a Gasoline standard instead of all the the different variations that states require.
Ethanol from corn was one of the worst ideas ever. Billions of dollars is being wasted on corn ethanol when it could have been spent on developing energy sources that actually do have the potential to help solve this nations energy crisis. Pork barrel.
Down 3% so far today.Well, the farmers are getting rich,and my ADM stock is up nicely..............
Down 3% so far today.
I probably have too much faith in technology,
I probably have too much faith in technology
Me too.
Nuclear Power? Does anybody here remember Chernobyl? Or Three Mile Island? Furthermore, there is still no facility available for premanent disposal of radioactive waste.
Let's focus instead on conservation and alternate sources such as solar and wind power.
I'm not sure we, as a culture, have too much faith in technology. I think it's more that we have a tendency to put too much faith in technologies of the past.
If we believed in technologies of the future we'd be out there investing in research, trying to create the next thing, jumping on new technologies as they become viable, not trying to re-invent the old ones. If we had true faith in technology we'd be pouring money into solar, into tidal generation, into wind, into electric cars, even into nuclear. Instead we invest in the technology of our great-granddaddies, trying to re-invent coal into "clean coal" and gasoline into "E-85."