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The Price Of Oil - Page 17

I did not mention any particular war, I am talking about war in general. For instance Turkey's invasion of Iran over rebels may cause a spike again, as you put it - another excuse to raise prises. Actually, it does not matter if it is an excuse or reason the point is that oil raises prices because of this - lie or truth.

As for your remark about what the US is doing to protect countries - I am not sure what the relevance of that is to this Thread. Are you saying that raising Oil prices is justified because the US protects countries? If not, then may I remind you that this Thread is not about the moralities of what the US does in other countries or military might - that is left for other Threads.

Oil Price The

Unless I'm badly mistaken Turkey would go into northern Iraq, not Iran

It seems every time I venture into another subject I get verbally slapped around for being out of line. I'll go back to religion and stay there.

The Price Of Oil History & Civil Business Politics

There was a relatively significant price increase when oil companies started admitting the true reserve amounts. Basically, we are a bit beyond what is believed to be the half way point of the worlds reserves of oil and that it will get increasingly more difficult to mine the rest of it...this is true and there should be a increase associated with the revelation. It is interesting because many of the companies had to admit that their reserves were far less than originally stated...sounds a bit like Enron.

The current increases are based more on emotion than fact. The fear of supply difficulties (wars and skimmishes) are spiking these and they are generated from the free market. We are all free to worry. Now this is not say that oil companies do not benefit from the higher prices. Actually, what is reported is the futures price. There are people out there that are working on speculation and are just in business to do futures trading... In this case, the floor will fall out at sometime.

China's explosion onto the world market has caused an insatiable demand on the world's reserves and India is right behind them. The significant swings in oil price could be quieted by a more stable world (less fighting), but the fact remains that the demands on oil are far outreaching the supply. The last increases from OPEC were basically just swallowed up by China and they want MORE.

https://www.econbrowser.com/archives/2007/1...lation_and.html

I don't prescribe to all of what is said here, but it is a interesting view.

A few more interesting sites:

https://paultan.org/archives/2005/12/15/oil...an-explanation/
https://www.economist.com/finance/displayst...tory_id=9993402
https://policyalternatives.ca/documents/Nat..._Gouge_2007.pdf

The US used to be the one always wanting more and more oil. Now, there are several other countries asking for it...and a lot more of a increase that the US is asking for... While I am not a huge Al Gore fan by any stretch of the imagination, we had better start seriously working on some alternatives or there will be a adjustment on our lifestyles that may not be too pleasing.

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Yes, my mistake, I meant Iraq and instead put Iran.

Verbally slapped around? If you have questions take them to your Rave Thread.

We are all forced to use turbine and diesel based vehicles so there is a demand. If the oil companies will release the patents (covered in another Thread) they have bought that allow for vehicles to run on miraculous amounts of little fuel then there will not be this great need or oil at all. In fact our reliance would turn to solar / electric power, but of course that does not put money in the oil tycoons pocket and we pay the price.

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True. There are technologies out there that can help curb the demand for oil. There are several to be named, but the key problem is that their infrastructure has not been made to supply the demand for these alternatives. Coal gasification is real, fuels made from vegitation are real, solar and wind aternatives are real, but the base to supply the demand isnt there and is actually not in the pipeline as of yet. Until there is significant investment into a alternative infrastructure, we will be slaves to the price.

The Price Of Oil

Oil prices touch above $90 level

Oil prices breach $90 a barrel in New York amid ongoing supply concerns and after the dollar hits a new low.
Ref. https://news.bbc.co.uk/1/hi/business/7052071.stm

The Price Oil - Page 17

JB you are right on target the oil companies do not wish to see alternative fuels develope yet as there is still too much oil profiteering to be had. We are now just seeing very very modest changes made in the auto industry to appease the green people. The war machine drinks fissile fuels very quickly are are most definitely a good thing for oil producing companies.

The prices will continue to soar till they just about match the cost of using the alternative fuels. This is a good economic strategy since profits are maximized and then the extra profit will also be spent by the same Oil conglomerates to develope cheaper alternate fuel supplies (cheaper for them to produce not for us to buy.). I believe we are to see oil prices reach the critical price at around 2040 though it may be sooner as greener energy sources are being pushed. By then solar and wind electrical sources will be in a much greater capacity thus able to meet the worlds power requirements. I have seen plans already for a joint effort in a solar wind plant in my area by a Natural gas authority and oil company. I also think that different energy systems will be in mass production replacing gasoline engines. Hydrogen will definitely be a player and will be owned by the oil companies till electricity can be produced cleaner and at a much increased amount. Then and only then will we see the oil price drop why because no one will be using it. Think of coal in the last 40 years.

I also believe the existing oil companies by that time will side with the green parties and have all fissile fuels abolished thus trapping the world again into the new power source that they create and deem OK for us to use. They are here to make monies have no illusions they care little about us other then that we use their products.

Edited: krakyn on 19th Oct, 2007 - 1:22pm

The Price Oil Politics Business Civil & History - Page 17

Cartel defies Bush, won't up oil output

OPEC yesterday rebuffed calls from President Bush to increase oil output, instead citing "mismanagement" of the American economy as a major factor driving up prices. Record prices are suddenly creating the sharpest tensions in years between the oil cartel and the United States, the world's largest oil consumer.
Ref. https://www.signonsandiego.com/uniontrib/20...ws_1b6opec.html