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(Yahoo)   Iran promises oil prices of $200/barrel if Bush continues to press nuclear issue. OPEC and oil companies titter with anticipation   (news.yahoo.com) divider line 514
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10348 clicks; posted to Main » on 03 Aug 2006 at 12:05 PM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2006-08-03 11:38:54 AM
It can happen with an oil man in the white house.

If prices reach that high his friends will make even more money.
 
2006-08-03 11:39:13 AM
Who profits from higher barrel prices? Just the drillers, mainly, or the refiners?
 
2006-08-03 11:43:51 AM
elchip
Who profits from higher barrel prices?

coopers.
 
2006-08-03 11:45:19 AM
coopers.

Groan.
 
2006-08-03 11:45:50 AM
Woohoo, an oil thread with GaryPDX!

photos.yafro.com
 
2006-08-03 11:46:33 AM
Jon Snow
Groan.

sorry, it was too good of a setup.
 
2006-08-03 11:47:24 AM
Just in case I'm not the only one:


tit·ter - To laugh in a restrained, nervous way; giggle.

n.
A nervous giggle.
 
2006-08-03 11:48:00 AM
That really will crash the economy. Americans simply WILL NOT CARPOOL UNDER ANY CIRCUMSTANCES; they'd rather die than share a ride.

These high oil prices are great, in that they're going to force development of more effecient motors. Can you imagine what will happen to the first auto maker to reveal an engine that gets 150mpg? The problem, however, is that this will absolutely screw the hell out of citizens making less than $50k a year.
 
2006-08-03 11:48:23 AM
Thanks for clarifying, z_gringo.

Now can we all panic?
 
2006-08-03 11:51:38 AM
GaryPDX: hahahah...gee...I'm flattered. I may have to put that in my profile. But I'm not Libertarian, I'm just a plain old Independant.

Ah, crap.
 
2006-08-03 11:51:40 AM
Would absolutely hammer the economy... Only the more reason to invest in alternative renewable energy fuel sources oh, I dunon, about five years ago!

/security hawks and tree huggers joining forces!
 
2006-08-03 11:54:20 AM
elchip: Who profits from higher barrel prices? Just the drillers, mainly, or the refiners?


It is a difficult question because a lot of the oil companies are set up as vertical monopolies. That means they drill on land they own, on rigs they own, bring it to refinery (if transport by ship this is the only process outsourced to other companies thanks to Exxon Valdez), refine it in a refinery owned by them, transport the gas to a gas station that is a franchise.

Independent oil and gas companies (anandarko oil is a good example) have been making better returns than the "Major Integrated Oil and Gas" (Exxon, BP, Shell, etc) because they just drill it and then sell it on the spot market, sometimes timing their sales to maximize profits.


So to answer your question: They all do. Independents seem to be making the most money. Oil rig service companies that run rigs and support services are doing well (Transocean, haliburton). Major Integrated Oil and Gas companies have the lowest but most steady returns as a reflection of a return on your investment.
 
2006-08-03 11:54:25 AM
I like the card elchip made for you
 
2006-08-03 11:56:25 AM
elchip Libertarians are for limited government including an armed service that is only for the defense of the motherland.

I think you would call someone who wants to invade a country purley to pillage their resources a Militant Imperialist...
 
2006-08-03 11:59:25 AM
Headso: armed service that is only for the defense of the motherland compelling national interests, of which oil is one, along with territorial integrity.
 
2006-08-03 11:59:36 AM
Ralph Klein, in Alberta, creams his jeans...
 
2006-08-03 12:00:27 PM
Headso: I think you would call someone who wants to invade a country purley to pillage their resources a Militant Imperialist...

Whoever told me to make the card for him (lost in the sands of time, now) described him as a libertarian who thought it was just fine to take other countries' oil because of China's impending rise.
 
2006-08-03 12:00:45 PM
Iran supplies 8% of the world's oil. Even taking into account the futures market hysteria I think it would be unlikely that Iran stopping production tomorrow would lead oil to go to 200 a barrel.

The only way that could happen would be if there was a worldwide oil embargo, something that has been tried and failed in recent years (although it worked in the late 70's).

If the price of oil went that high due to world embargo we would just take the easy practical route and overthrow Venezuela and replace Chavez with a pro-US puppet. I bet Venezuela would be a lot easier to destabilize than Iran.
 
2006-08-03 12:00:55 PM
pandabear: compelling national interests, of which oil is one

Which it wouldn't have to be if we would just sink money into R&D in the hopes of finding a better, more reliable fuel source.
 
2006-08-03 12:05:50 PM
I'd gladly pay $10/gallon to give Iran the middle finger. It would just be temporary, because at that price there are several other ways to get oil profitably.
 
2006-08-03 12:06:32 PM
GaryPDX: I'm all for biofuels, but you do raise a point. If we aren't buying it, China will and we'll have to deal with that at some point down the road.

Don't forget about India either. They are rolling one billion deep and will have a greatly increased need for oil in the future.
 
2006-08-03 12:07:25 PM
submitter: Iran promises oil prices of $200/barrel if Bush continues to press nuclear issue.

Wake me up when Iran keeps a promise.
 
2006-08-03 12:08:55 PM
The really have us over a barrel!
 
2006-08-03 12:09:06 PM
What an awesome way to get every other country in the world to support our Iran policy!
 
2006-08-03 12:09:20 PM
The government of Iran seems very anxious to make it impossible for the west to do anything BUT wipe them out.
 
2006-08-03 12:09:31 PM
GaryPDX: That will crash the world economy and bring chaos. It was only a matter of time before the nutballs figured out our achilles heel.

So imagine yourself a wealthy oil nation with tons of resources to sell and no one to purchase it because of a world wide depression.

We're tied at the hip, we need them and they need us.

That is until we get off this oil kick and onto something else.
 
2006-08-03 12:09:32 PM
FriarTuck: If the price of oil went that high due to world embargo we would just take the easy practical route and overthrow Venezuela and replace Chavez with a pro-US puppet. I bet Venezuela would be a lot easier to destabilize than Iran.


Yeah, except we already tried that and failed. Remember the attempted coup with all the big blonde white Americans running around in the video?
 
2006-08-03 12:10:19 PM
NikolaiFarkoff


I'd gladly pay $10/gallon to give Iran the middle finger


Yup. That would show 'em
 
2006-08-03 12:12:22 PM
GaryPDX: WWII was sparked over natural resources. We cut off Japan's oil and then they hit us and invaded southeast asia. Germany was on the roll for everything.

Is it me or does anyone else have a sense of deja vue?

There are too many people and not enough resources on this planet.


To early... the next WW will be over water resources not oil.
 
2006-08-03 12:12:57 PM
GaryPDX: There are too many people and not enough resources on this planet.

The usual fatalistic thinking.

There are enough resources. But they aren't sustainable at the rate we waste them, I'll agree that much.
 
2006-08-03 12:13:21 PM
NikolaiFarkoff, I'd gladly pay $10/gallon to give Iran the middle finger

We're on our way to pay that much anyways.
 
2006-08-03 12:13:36 PM
www.yogi.cz

Lose weight AND stick to Iran! Works even better at 100+ degrees Fahrenheit.
 
2006-08-03 12:14:00 PM
I think at those prices the Dow Chemicals of the world would be building Fisher Tropsch conversion plants pretty damn quick, coal goes in, fuels come out. Hell, just for fun use nuclear reactors for the process heat.
 
2006-08-03 12:14:30 PM
NikolaiFarkoff: I'd gladly pay $10/gallon to give Iran the middle finger. It would just be temporary, because at that price there are several other ways to get oil profitably.

Yeah, that won't screw over the average American. Not one bit.
 
2006-08-03 12:14:35 PM
Why do we take this guy seriously? His eyes are way too close together.
 
2006-08-03 12:14:35 PM
GaryPDX: I'm all for biofuels, but you do raise a point. If we aren't buying it, China will and we'll have to deal with that at some point down the road.


Hey! You bought a BioDiesel Truck! How'd you beat me!!?? ;)~ Oh yeah, you're old with more money.... I'm getting my Jetta TDI (Turbo Diesel) at the end of the year (Christmas present for myself) and running it (after the little conversion) off of biofuels I can buy straight from the school district bus facility just down the road from me!! YAY!!! =)

We definitely need to take a page from the Brazilians and get off the Oil teet.
 
2006-08-03 12:14:38 PM
Phil McKraken: Lose weight AND stick to Iran! Works even better at 100+ degrees Fahrenheit.

Take oil to make the tubing, tires, wires, etc... ah you get the point.
 
2006-08-03 12:14:48 PM
Wait, so the price of oil can be artificially inflated beyond what it already is?

On that note, is there a comprehensive list that shows from where gas station companies get their supplies? I'd like to shop somewhere that gets most of its oil from the US or Mexico (and NOT Venezuela or any ME country).
 
2006-08-03 12:15:10 PM
And we need to help China do it too...although Why the HELL do we have lower Gas mileage standards then they do!?!
 
2006-08-03 12:15:38 PM
whidbey: There are enough resources. But they aren't sustainable at the rate we waste them


WTF?
 
2006-08-03 12:15:43 PM
Gary:

There are too many people and not enough resources on this planet.

Sure seems that way, but I would suggest that it's more likely that we're just hitting a wall now where we realize that we're not using resources efficiently. You have to admit there could have been a great deal of research and practical application done in regards to alternative energy sources. The very rich folks that owe their empires to oil have kept that from happening in any signifigant way. It's time to diversify now... the end of the supply is in sight.
 
2006-08-03 12:16:03 PM
IdBeCrazyIf: To early... the next WW will be over water resources not oil.

I agree 100%. Water is much more scarce in certain portions of the world than oil. And while oil helps run trucks and militaries and what not, water is slightly more important.

I would have sworn that, prior to this little outbreak of hostilities between Hamas/Hezbollah and Israel, that the next full scale war in the Middle East would have been over water.
 
2006-08-03 12:16:50 PM
Everyone said we went into Iraq to steal their oil. Hah. That's been shown as a fallacy.

Now, on the other hand, we could go in and wipe out Iraq and steal their oil, but is it worth letting our nutjob go after 8% of the world's oil supply to crush a people who are already suffering under their own nutjob?

And for anybody who says the last two terms under WJC didn't have any of these problems need to realize that during that exact period is when the nutjobs were arming and preparing to strike. They don't want peace. They want chaos and world dysfunction.

So, now they have it.
 
2006-08-03 12:16:58 PM
Do it you diaper-head motherfarkers. This is coming as a surprise to absolutely no one and we'll be happy to roll the dice as to which contingency plan we choose from to deal with it.

So raise your prices, get sanctioned to hell, and watch us overcome this obstacle like we do just about everything else thrown our way.

This is what happens in an educated society. Just b/c you sleep in dirt doesn't mean we think as narrowly as you. This is not a threat at all.
 
2006-08-03 12:16:59 PM
Shouldn't matter. Price for oil goes high anytime its hot, cold, a bomb explodes in the mid east, someone sneezes, etc etc etc
 
2006-08-03 12:17:05 PM
I can't wait till oil prices forces us to find/use an alternative.

So we can say fark YOU to the middle east and leave em to stew.

They will drop back to the middle ages over night and the rest of the world really couldn't care less about them. Oil is their only useful commodity and they have pissed off everyone.

Iran only has power and money because of oil. End of discussion.

You fark with the oil supplies, and rattle that chain long enough people will look elsewhere.

Once America finds an alternative fuel source that doesn't require dicking around with OPEC and the rest of the world will switch. And oil will drop down to nothing a barrel and in actuality allow some people to switch back because it is so cheap.

China and India have no reason to put up with the stupid shiat the oil controling countires create.

fark em.
 
2006-08-03 12:17:29 PM
And there's nothing we can do about it.
Right? Right?

Except maybe...

Replace your lawn with native plants. The US uses 200M gal of gasoline a year to freaking keep grass short.

Carpool. Yeah yeah I know, but we're talking sacrifice here.

Turn off your A/C. Yes you can. No you don't, it's a luxury, not a necessity.

Buy a smaller car next time you need one.
 
2006-08-03 12:17:59 PM
Friar Tuck:If the price of oil went that high due to world embargo we would just take the easy practical route and overthrow Venezuela and replace Chavez with a pro-US puppet. I bet Venezuela would be a lot easier to destabilize than Iran.

Sure, easy. Like Cuba.
 
2006-08-03 12:18:06 PM
When do I get my card?
 
2006-08-03 12:18:11 PM
Phil McKraken: Lose weight AND stick to Iran! Works even better at 100+ degrees Fahrenheit.


Hi, I live in the Greater Phoenix Area. I have a short communte of 30 minutes which is roughly 15 miles to work. For the last several weeks the average temperature was over 110 degrees F, and I work in a retail store, and while I'm not on the floor normally, I can be called to help if things get too busy...so wearing anything other than dress slacks and a dress shirt is out. So take your stupid bike and shove it. Those only work in the frigid north where humidity doesn't exist...oh right...Iceland.
 
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