Would you consider rising oil prices an Act of War?

reply to post by mental modulator


One of the biggest advantages of drilling domestically is that our money stays at home. The amount of wealth that leaves this country every day is staggering. We cannot survive that for long.

PS - Why do you post and then delete? Cold feet?

[edit on 12-7-2008 by jsobecky]

No,,, I went off topic with Ignaciobeltran -- I told him the tacos and chinese food in Mexicali ( his location ) are very good having recently visited..

Didn't want to loss points,,, as I just lost half of all my points for calling someone an "idiot".

Originally posted by jsobecky
Given that, what action do you think we as a nation should to solve this problem? Are we justified in securing what oil we need if prices do not fall to reasonable levels?

Sure. Secure Texas and Alaska, and anywhere else in the continental US that produces oil.

As for the rest of it, the people sitting on it choose to sell it to you. Its a commercial market, you demand, they sell. You have no right to it unless they decided to sell you some.

The seller sets the price - although in this case its more that the oil speculators in stock exchanges set the price. So why's it so high?

Well, theres a number of reasons;

- a failure on all sides to broker an effective middle east peace plan.
- the world only superpower subsidising a nuclear armed country in the middle east to the tune of £10billion dollars in military aid over the next 5-10 years, causing issues surrounding the first item I listed
- the invasion of Iraq, causing tensions in the region to rise, making the speculators concerned about supply, and directly affecting the first item I listed.
- the constant rhetoric against Iran, causing tensions in the region to rise, making the speculators concerned about supply, and directly affecting the first item I listed.
- over demand, due to nations who can move away from oil dependency with alternative fuel sources not doing so, because their capatalist economies do not want to undertake the cost of having to retool and build, which cuts profits.

Theres many more reasons, but the simple fact is that you make your bed, and you lie in it.

If you go and steal it, well....

I've said it before, and I'll say it again - its that kind of attitude that causes people to fly airliners into skyscrapers.


"oh my god...why did they do that?"

Originally posted by jsobecky
reply to post by mental modulator

 

One of the biggest advantages of drilling domestically is that our money stays at home. The amount of wealth that leaves this country every day is staggering. We cannot survive that for long.

Ya tell me about it... Have you checked out T boone Pickens "energy plan???

I did a rather fruitless post on it earlier...

www.abovetopsecret.com...

reply to post by neformore

Originally posted by neformore
Sure. Secure Texas and Alaska, and anywhere else in the continental US that produces oil.

There are certain factions in the US who have worked to make that currently impossible.

Originally posted by neformore
As for the rest of it, the people sitting on it choose to sell it to you. Its a commercial market, you demand, they sell. You have no right to it unless they decided to sell you some.

Well, the situation is not quite as cut and dry as that, seeing as how American companies invested in the technology and infrastructure to find it, pump it, and transport it.

Originally posted by neformore
The seller sets the price - although in this case its more that the oil speculators in stock exchanges set the price. So why's it so high?

Well, theres a number of reasons;

- the constant rhetoric against Iran, causing tensions in the region to rise, making the speculators concerned about supply, and directly affecting the first item I listed.

Iran is not innocent in this. Their constant saber rattling and sponsorship of terror are the major reasons for tensions in the mideast.

Originally posted by neformore

If you go and steal it, well....

Several people have used that word "steal". Why? Who is talking about stealing? I'm talking about fair prices.

But when the seller sets a price that slowly bleeds you, that is an act of aggression.

Forgive my ignorance on this subject, but if most of our oil comes from Canada and Mexico (implying that North America is rich in oil), why don't people want to drill off our coasts, etc? I know people are going to laugh at me for asking that, but I actually have never heard the reasons.

Is it because it will ruin the ecology in those areas? That's what I've always assumed.

Can y'all provide a bit of education? If it's not too off topic, that is.

Originally posted by jsobecky
Several people have used that word "steal". Why? Who is talking about stealing? I'm talking about fair prices.

If one country has to invade another country to secure cheap oil for its populace, thats stealing.

The US is the most technologically advanced nation in the world. It should be at the forefront of alternative fuel technology and not reliant on oil. Instead you are openly postulating about invading other countries and killing people to solve a problem of your own making.

Just wanted to ad another view point to this whole thing.

We are stubborn people. We are not going to change our habbits until we want to.

We need to be less dependant on foreign oil. We do not want to risk our own wildlife and drill here.

SO, what better way to encourage us to find and buy vehicles that are not dependant on oil/gas, than raise the prices to an amount we are uncomfortable paying.

If it is to be seen as an act of war, perhaps it is on them, not us.

reply to post by Benevolent Heretic


It's the possibility of pollution that is the primary reason given. Much the same reasons given for stifling nuclear energy. They always point to Exxon/Valdez.

Fishing grounds are another reason. And in the case of Cape Cod, where Kennedy & Kerry has stifled wind power development, recreational boating areas would be affected. They both sail in the areas proposed for development.

Well, let's see. GM created a perfect electric car and was funded by taxpayer money. It was so good that the Californians who were given it to test and report back, were ecstatic and loved it. It was fast, got 150 miles on a single charge, and quiet. A total non-polluter and a perfect alternative to fossil fueled vehicles.

What happened? Big oil bought the politicians in CA and bought up the patents from GM for the battery and design who then destroyed the cars forever. Who's to blame for skyrocketing oil prices? Big fricken Oil, that's who. They plunder the world's economies and we let them. They buy the politicians and the media and sit idle and take it in the rear.

We need to direct all our energies toward alternatives now and get openly PO'd at Big Oil and start protesting openly. You want change, you got to get their attention.

Originally posted by Pinktip
Would you consider rising oil prices an Act of War?

No I wouldn't.............I would consider our (USA) lack of an
energy policy an act of treason by US gov't.........

Many don't understand the PETRO-DOLLAR and it's political and economic ramifications

We made a deal w the Saudis/ OPEC to price oil in $ in return for american military support. THAT was an is huge and gives us a huge advantage economically that we can print pieces of paper and in return other country's give us good's and services in return. Paper cost's nothing to print.

Now why would the U.S decide to cut it's backbone in half and pursue alternative energy which would decrease the demand for petro dollars.

One thing you WILL NOT hear is how the high price of oil has created a FLOOD of petro dollars which a portion of which are being invested back into U.S $ assets (arabs investing in gov't bonds) picking up slack where europeans and asians cut slack, as well as making the shieks double as rich as they already were (which is tuff to do).

Iran has been trying to launch an iranian oil bourse for along time that trade oil in euro's and they have told Japan they will only accept Euro's for oil yet at the same time they are trying to develop nuclear energy for what...oh ......gee i don't know do you think they noticed what happened to IRAQ when they switched to euro's? they want nukes so they can go off $ petro dollar and live to tell about it (unlike iraq) but washington and media are mum on petro dollar issue and the benefits it gives americans

the truth is higher oil prices thru increased petro dollars make up for lack of petro recycling from europe and asia and keep gov't bond rates low. (since part of OPEC deal is recycling opec oil dollars back into american $ assets) w/o these higher prices the dollar as world reserve currency would be on weaker footing due to less demand for $

[edit on 12-7-2008 by cpdaman]

[edit on 12-7-2008 by cpdaman]

You have no idea what inflation is. You can get a mortgage for 5%. When I bought my first home, Interest rates were at 18%.

Now that's inflation.

All the FED has done is to LOWER interest rates for the past few years.


No, my friend, you have no idea what inflation is. Inflation is an increase in the supply of money relative to the amount of goods and services in an economy.

How is money created? The Fed (a private bank) creates it by tapping keys on a computer). Also, commercial banks create it through Fractional Reserve Banking. The lower the interest rates, the more money created, the less money is worth. It's subtle and most people don't realise it ( I didn't until recently), but it's outright theft. The banks are looting the economy with the consent of government. That's why prices of nearly all commodities are rising.

The oil companies are guilty of many crimes, but this time they are innocent. Blame the Fed and blame govt for allowing the Fed to do what it does.

[edit on 12-7-2008 by RevolutionNow]

Im pleased to say, I walk to work everyday in literally 1 or 2 minutes.
Though the company I work for spends about 400$ daily in fuel costs for making deliveries.
Bush just made a statement yesterday about oil shale and such, and I look at it as a way to keep us dependent on oil.. sure we arent going to be weened off our need for oil overnight, but maybe its better we spend more now so we can be more inclined to find better sources of fuel.
He talks of new technologies for finding oil without making environmental impact, but thats defeating the purpose if your still using oil.

Using century old tranportation technology doesnt fit in with how advanced we seem today. There should be much more advanced systems than a biofuel made from corn..

We're made to look at an internal combustion engine likes its still new technology, its why there are people with uncontrolable power.

Originally posted by mental modulator
Ya tell me about it... Have you checked out T boone Pickens "energy plan???

I did a rather fruitless post on it earlier...

www.abovetopsecret.com...

Your thread wasn't fruitless. It was very informative and eye-opening.

Pickens is a well-respected oil man and his info is very valuable. Thanks to him for taking the time to share it with us.