India, China fuel demand spiking prices, says Obama

India, China fuel demand spiking prices, says Obama

m.timesofindia.com

WASHINGTON: Attributing rising oil prices to growing demand in countries like China, India and Brazil, President Obama has accused his Republican rivals of using the pain at the pump to score political points.

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First of all let me tell you that i am an Indian.
Many fellow Americans may feel offended but in my view the level of hypocrisy of your country disgusts me.
We are driving oil prices???
wtf.

Obama is an insult to 'common sense' and i pity my American friends who have to live with this idiot as the president of your country....
Sorry, but i can't control myself....

m.timesofindia.com
(visit the link for the full news article)

reply to post by deepankarm


I feel our president is one of the worst presidents in the history of the USA. He continually tries to blame everyone else. He has no backbone and has no desire to even help this country. It seems like he just wants to watch this country goto hell in a hand basket. If he wins this next election say hello to "change" for the absolute worse.

reply to post by Donahue
He's only following his master's orders so don't blame him, blame the continuing consent of the masses. We only came to this point because people were to blind to see the rigging of the elections. Hopefully someone will be able to force a clean one but that's only wishful thinking seeing how big the corruption is globally.

reply to post by deepankarm


Hi there, I am also Indian and would like to advice you to mind the words!!! This kind of irresponsible statements can put Diplomatic relationship into trouble. Please note that, it is just a political statement from US side and entire diplomatic world understands that it is not true.

We BRIC countries never said them not to buy oil from IRAN or VENEZUELA or RUSSIA. It is there own decision that they will not buy Oil from said countries and because of that only special vendor buy out if prices are risen in there country that is there own internal political willingness problems.

When it comes to us per-capita consumption of oil in India and China is less then per-capita consumption of any North american or European people. only India and china is officially half of the world's population and we consume the oil as less 16% of global supply. So, we are not over consuming at all.

This is just like Indian politics, they are diverting attention to something else to buy a little time to correct the home scenario. Ignore this statements. We are friend and alias of US and part of BRIC too. We can not afford any sanctions or war at this situations. Or else 3.5 billion people on the world have to sleep empty stomach.

Do not give any chance to them to override us. We are people and we need oil, so we consume it. and that's it... US always said they that are reach country then us. Then pay little premium and buy. Why making unnecessary comments?

I request personally to you that, pride is not important, living peaceful life for India and china is more important. So better, before commenting something, PLEASE ALWAYS THINK. When you speak saying you are Indian, they consider this as Indian Point of View. Which is not entire India's view but it your personal view... PLEASE BE CLEAR ON THIS... We do not care about your statement Mr. Obama this is BRIC nations official view...

The CIA world factbook.

Oil imports

2009/2010 estimates - barrels per day.


United States
10,270,000

European Union
8,613,000

China
5,963,000

Japan
4,394,000

Korea, South
3,100,000

India
3,060,000


Oil Imports by Nations

reply to post by deepankarm


oh excuse me but I was just wondering if either China or India had Oil in their own Country?

Originally posted by xuenchen
The CIA world factbook.

Oil imports
2009/2010 estimates - barrels per day.

United States
10,270,000

yes... as usual it is US that has the most output ... more than what they actually need... and are in a position to sell it to other Countries and thus subject to the green eyed monster.

now... if the shoe were on the other foot?

Originally posted by Thurisaz
reply to post by deepankarm

 

oh excuse me but I was just wondering if either China or India had Oil in their own Country?

Both do surprisingly.

Since it is downplayed.


China's oil production ranks 4th in world, only meets half domestic demand


India Oil - production


Oil Production by Nation - select & chart


even Mongolia has oil !!

As much as i cannot stand Obama, I cannot see what he has said that is so bad or wrong...

He stated gas prices are rising due to more demand from other countries, demand does drive prices higher, it is of course not the only factor, other things drive the prices higher also such as putting sanctions on other countries, but again this means less supply so the demand makes the price go higher.

But whatever is to blame, Obama did not criticize these countries, just acknowledged that demand there was increasing and as their standard of living increased so would demand. He did not say one bad thing about these countries so i have no idea why people are getting their knickers in a twist

Sooooo....no one else thinks the "peace mission" in the middle east has nothing to do with this?! Just wait til the Strait of Hormuz gets shut down. I live in California and the gas station at my corner has regular unleaded at $4.25 and premium at $4.45, It was just below $4 just earlier this week! Guess what happens when gas prices skyrocket? Keep tabs on your commodity prices at your local stores folks. Wake up or suffer. I doubt anyone got an 11% raise just last week.

Originally posted by Thurisaz

Originally posted by xuenchen
The CIA world factbook.

Oil imports
2009/2010 estimates - barrels per day.

United States
10,270,000

yes... as usual it is US that has the most output ... more than what they actually need... and are in a position to sell it to other Countries and thus subject to the green eyed monster.

now... if the shoe were on the other foot?

edit on 24/2/2012 by Thurisaz because: fix formatting

CIA world factbook:

US
Oil production: 9.688 million bbl/day (2010 est.)
Oil consumption: 19.15 million bbl/day (2010 est.)
Oil exports: 1.92 million bbl/day (2009 est.)
Oil imports: 10.27 million bbl/day (2009 est.)

Please explain to me how you came up with the conclusion that the US is an oil exporting country. This is such a rediculous notion. The US is a energy deficient country, exactly as these oil stats show. As you can clearly see, the US has to import more than half of its daily consumption.

And before you talk anything about the export stats, be aware that all oil producing countries export and import oil, regardless if they need to based on textbook facts. The reason for this is either selling or importing refined oil due to lack of refining facilities (hence why Canada imports refined oil from the US, even though we are an oil producing surplus nation).

EDIT:

Oh, and by the way, oil prices are dictated by speculators, not by actual oil trade.

that is a very pretty pic you have in your av...

I am just eating my dinner and will be back to address the issues you have raised.

rices in us for one simple reason greed. greed by corporations who want to use rickety old refineries with out building new ones so they can have a bigger profit greed at local pumps by local franchisea using war with iran of china and india buying all supply to price gouge hello we get most of our oil locally not from middle east last i heard most of our crude comes from canada not middle east

reply to post by Dimitri Dzengalshlevi


I don't rely on CIA info.

If you look are interested you might find this informative:

CRS for Congress

at CRS - 16 is relevent

Originally posted by Thurisaz
reply to post by Dimitri Dzengalshlevi

 

I don't rely on CIA info.

If you look are interested you might find this informative:

CRS for Congress

at CRS - 16 is relevent

edit on 24/2/2012 by Thurisaz because: formatting

From your source:

"The United States imported about 63% of the oil it consumed in 2003, and production has fallen every year since 1993. ... The growing demands in both the
United States and China make it likely that the world oil market will become
increasingly dependent on Middle Eastern oil in the coming years and keep exerting
upward pressure on price."

It does not make any assertion that the US is an oil-surplus country. In fact, it says the US oil production has declined while demand grows, making it even more dependant on imports.

As for my referencing the CIA world factbook? It's because it is quick. Quite frankly every single book, and any other source that I have come across states the same thing: US has to import over half of its consumption rate of oil.

It's not a big secret.

The oil price is bid/ask on international markets.

Real shortages and surpluses are created by perception more than actual figures.

Some people in control of "announcements" are also controlling the future speculation markets.

The cartel insiders make money on price movements in either direction.

Gasoline is on the same market.

We really have no shortages yet.

It's all about perceptions and implied thinking.

did you read the entire thing?

or just pick out what was relevent to your argument?

the info I posted could go either way, depending on what side of the fence you sit.

at least you came back. If you wish to debate it, then I am in... haven't had a good debate for ages.

the thing for me is based on data the increase in demand globally. US is a developed Country and has the advantage straight away...for developing Countries, the demand is always increasing.. In the US.the demand has leveled out (in comparison to other Countries) and they are now invest in alternatives (R & D) whilst the developing Countries are 10 to 20 years behind...still dependent upon oil.

Originally posted by Thurisaz
did you read the entire thing?

or just pick out what was relevent to your argument?

the info I posted could go either way, depending on what side of the fence you sit.

at least you came back. If you wish to debate it, then I am in... haven't had a good debate for ages.

the thing for me is based on data the increase in demand globally. US is a developed Country and has the advantage straight away...for developing Countries, the demand is always increasing.. In the US.the demand has leveled out (in comparison to other Countries) and they are now invest in alternatives (R & D) whilst the developing Countries are 10 to 20 years behind...still dependent upon oil.

...

Are you for real? There is no advantage for the US in this equation. The US consumes the most oil out of any nation on this planet, and they import over half of what they consume. Development in alternative energy means what exactly? At least 80% of fuel usage in the US goes towards agriculture, pharmaceuticals, and military. It is used mostly in the form of oil derivitives powering vehicles.

It doesn't matter if the US is developed. All that means is that it has to maintain what it built up during development. How does it do this? By constantly expanding, using its military to do so. The US military consumes fuel at an alarming rate (16 gallons per soldier per day).

If there was ever a lapse in fuel imports to the US, its fuel-dependant sectors would take a severe shock- and let me tell you, food production and distribution would be on the cutting block before military supply.

The idea of developed countries controlling developing countries through controlling resources is not even close to new. This is a fact of imperialism and has been carried out for well over a century. The requirements are not somehow different- if the US plans on controlling the flow of fuel to developing nations, then it has to acquire the very assets that are exported to developing nations because the US isn't a fuel-exporting country. This is one reason why the US has campaigned throughout the middle east.

I am serious when I say that I don't even know what I am supposed to be debating about here. The fact that the US is extremely dependant on fuel imports, both because of its decline in production and continuous growth, is long established. I don't understand how this is disagreeable. The source that you showed me only confirms this fact.

ok well you are right and I am wrong.

I am just some idiot that came down with the last shower of rain. I do apologise for being so stupid and rediculous.