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Why is Exxon making so much money?

Why is Exxon making so much money?

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Originally posted by xs
Uuuh, well...
Would there be any advantage to using up others oil first?
Yes. As a matter of fact there would be.

You should'a been a politician XS. 🙂

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Originally posted by mosey
http://news.bbc.co.uk/1/hi/business/3708951.stm

a bit more complicated than just india and china comsuming more oil...
Excellent article. Thanks!

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1 edit
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Originally posted by mosey
hence the war in iraq to secure precious reserves of oil for america, yes? although every time i post something to do with iraq war and oil it gets deleted.. i wonder why

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Originally posted by mosey
well some people reckon weve already gone beyond peak oil, that is when we are consuming more oil than we are actually producing. I can tsay anything cos ireland (profanty deleted) imports 90% of our energy

and i was serious about that, everytime i posted this war for oil thing it was deleted, wheres fox moulder when u need him
A clear result of your failure to adhere to the TOS.

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what is TOS

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1 edit
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Originally posted by sasquatch672
We will exhaust the earth's proven reserves of oil in the next thirty years. Even BP says so.
We've got about forty years to turn our economy over into something sustainable. Otherwise, it's the Dark Ages all over again.
If I had a nickel for everytime some soothsayer proclaimed the coming doom of natural resources, I'd have more nickels than even B. Gates and W. Buffet combined.
Forty years ago, we were supposed to be out of even space for people to live, let alone drive their cars, within 20 years.
Food was supposed to be gone, air was to be unbreathable, no later than 1980-ish, certainly all of the life-sustaining issues of life would no longer be available. 'Certainly,' because most of the people making the dire predictions either wouldn't be around to be held accountable for the same, or counted on no one remembering.
How about the ozone? Remember how long that was supposed to last us?
AIDS? The whole world was going to be wiped out by that one. Granted, 25 million is nothing to sneeze at, but the transmutations and what not just never appeared.
Point: fear merchants peddle their wares for power, not for the good of the people.

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Originally posted by HayVeeGee
If I had a nickel for everytime some soothsayer proclaimed the coming doom of natural resources, I'd have more nickels than even B. Gates and W. Buffet combined.
Forty years ago, we were supposed to be out of even space for people to live, let alone drive their cars, within 20 years.
Food was supposed to be gone, air was to be unbreathable, no later tha ...[text shortened]... r appeared.
Point: fear merchants peddle their wares for power, not for the good of the people.
http://en.wikipedia.org/wiki/Paul_Ralph_Ehrlich

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http://en.wikipedia.org/wiki/Ice_Age_%28film%29

doom on you, doom on you ...

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Originally posted by mosey
hence the war in iraq to secure precious reserves of oil for america, yes? although every time i post something to do with iraq war and oil it gets deleted.. i wonder why
then why haven't any precious reserves of oil been secured for America?

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Originally posted by mosey
that is completely incorrect. the US is using more oil than it produces. It has been that way since the 1970's

th US currently imports over 60% of its oil needs.. so you do the maths
You completly misunderstood me, you are correct in saying that were using more oil then were producing, but I said here in Wyoming were finding more oil then were using, I didnt say were producing more oil then we are using, But with all the new technology we have, were finding more and more oil-fields.

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Originally posted by zeeblebot
then why haven't any precious reserves of oil been secured for America?
http://en.wikipedia.org/wiki/Petroleum

Today, about 90% of vehicular fuel needs are met by oil. Petroleum also makes up 40% of total energy consumption in the United States, but is responsible for only 2% of electricity generation. Petroleum's worth as a portable, dense energy source powering the vast majority of vehicles and as the base of many industrial chemicals makes it one of the world's most important commodities. Access to it was a major factor in several military conflicts, including World War II and the Persian Gulf War. About 80% of the world's readily accessible reserves are located in the Middle East, with 62.5% coming from the Arab 5: Saudi Arabia (12.5😵, UAE, Iraq, Qatar and Kuwait. The USA has less than 3%

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