Originally posted by robbie carrobie Actually Joe I was unaware, it was not until OPEC refused to cut back output before i knew something was nefarious was afoot!
Originally posted by robbie carrobie What vested interested does America have in Syria?
Not much 'vested interest' other than suppressing Russia Cold War style. Also we want to suppress ISIS/Daesh. So we need to help the FSA. But the Arabs have a major interest in Syria.
Also cheaper fuel means cheaper to operate Western military equipment. And lower gas prices which Americans are obsessed with.
Originally posted by AThousandYoung Not much 'vested interest' other than suppressing Russia Cold War style. Also we want to suppress ISIS/Daesh. So we need to help the FSA. But the Arabs have a major interest in Syria.
Also cheaper fuel means cheaper to operate Western military equipment. And lower gas prices which Americans are obsessed with.
So what's the US congress for if you have Saudis influencing it because of their tremendous buying power? Why not just elect the Saudis, or the Israelis?
Originally posted by robbie carrobie So what's the US congress for if you have Saudis influencing it because of their tremendous buying power? Why not just elect the Saudis, or the Israelis?
US Congress is full of Republicans. They are very aggressive people who like burning fuel.
Originally posted by finnegan Oil values are already a figment of a speculator's imagination and we will come to appreciate the significance of that in time. We have seen more than one crash through excessive speculation and more are coming soon enough.
Saudi Arabia can not only screw Russia and Venezuela, but also North Sea oil and to some degree fracking, because their oil just s ...[text shortened]... change disaster, there is sufficient demand to retain the value of the reserves. I suggest not.
Fracking not only gets to oil reserves not previously available, but more importantly I think, natural gas. This resource in time may diminish the use of oil in many important areas, especially generation of electricity.
Originally posted by normbenign Fracking not only gets to oil reserves not previously available, but more importantly I think, natural gas. This resource in time may diminish the use of oil in many important areas, especially generation of electricity.
In what way is the burning of gas ( a fossil fuel) more environmentally benign than the burning of oil (a fossil fuel)?
Originally posted by robbie carrobie you have of course data for your carbon footprint at hand
It's one of those paradoxes of political careerism. Al Gore, the eco-warrior has a huge personal carbon footprint. George Dubya Bush, defender of the oil industry, has a ranch packed with every energy saving technology you can think of. It's a red herring of course, what they do personally is practically irrelevant, except as a means to provide ammunition to the arguments of their opponents, what matters is the total carbon footprint of the 320 million people in the US, who collectively can burn more fossil fuel without being extravagent at a rate far higher than Gore, Bush or the whole of Congress, the judicial arm and the executive put together can hope to.
Originally posted by DeepThought It's one of those paradoxes of political careerism. Al Gore, the eco-warrior has a huge personal carbon footprint. George Dubya Bush, defender of the oil industry, has a ranch packed with every energy saving technology you can think of. It's a red herring of course, what they do personally is practically irrelevant, except as a means to provide ammuni ...[text shortened]... ore, Bush or the whole of Congress, the judicial arm and the executive put together can hope to.
Yes I did get Gores book from the library but I think i got bored and never read it. What I do remember that for him the environment became a moral issue. Of course in order for his stance to have any potency he must have freedom of speech which evidently he doesn't. George Bush stance while admirable reminds me of allegedly religious people who get drunk and go to nightclubs but object to eating food that is forbidden to them. its a matter of perspective.
Originally posted by invigorate I love all your geo political conspiracy theories.
Essentially we are seeing a slow down in India and China meaning lower demand.
Supply of substitutes shale and renewables have increased.
= lower price.
We've seen a large supply of oil for quite some time now, it is only lately that we have seen a dramatic drop in the price of oil. The price of oil and gas here in the US does not seem to be tied to the laws of supply and demand.
Fall in oil
02 Jan '15 17:04
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