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		Oil reaches $92 a barrel on news that every car in the world is powered by it (news.yahoo.com)		166
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Digeratus		2007-10-26 07:21:49 AM

Heh. Best headline reason for oil price rises yet.

capecodcarl		2007-10-26 08:16:05 AM

This war is sickening. The world lived in peace and harmony with each other for centuries and never fought wars over natural resources before, but along comes George W. Bush and voila... blood is being shed for oil. That man disgusts me.

Control_this		2007-10-26 08:35:03 AM

My car runs on people. People!

NikolaiFarkoff		2007-10-26 08:42:53 AM

I loved the headline. Clean.

/+1

FarkinHostile		2007-10-26 09:16:59 AM

My very favorite headline on this subject.

Giblet		2007-10-26 09:38:54 AM

TiltedKilt		2007-10-26 09:52:44 AM

Giblet, methinks your sarcasm meter needs a bit of a tune-up.

epoc_tnac		2007-10-26 10:03:30 AM

Subby: Oil reaches $92 a barrel on news that every car in the world is powered by it

Err... biodiesel? Solar power? Steam engines? I could go on, but I don't want to.

lindasummer69		2007-10-26 10:05:47 AM

You can pry my 8 passenger land yaht from my cold, dead fingers.

/i don't care if gas = $10/gallon
//won't change how I drive

yakmans_dad		2007-10-26 10:06:35 AM

Lard_Baron: Iraq has around 300B barrels

300B x $92 = $27.6Trillion.

cost of war $2T, royalties to Iraq? $15T?

flow to the USA oil companies/economy = $10T?

"When it comes to assessing Iraq's undiscovered reserves, the differences between the DOE and the USGS becomes even starker. According to the USGS-which is hardly a Chicken Little when it comes to reserve predictions-there is a 95 percent probability that Iraq has at least 14 bbl, a 50 percent probability that it has at least 45 bbl, but only a 5 percent probability that it has 84 bbl of undiscovered reserves. This means that the probability that Iraq has 200 bbl or 300 bbl, as so many of the reports have suggested, is, according to USGS calculations, close to nil."

http://www.brookings.edu/papers/2003/0512globalenvironment_luft.aspx

Crown_of_Shoes		2007-10-26 10:07:34 AM

capecodcarl: This war is sickening. The world lived in peace and harmony with each other for centuries and never fought wars over natural resources before, but along comes George W. Bush and voila... blood is being shed for oil. That man disgusts me.

You are naive to blame a single man. GW has no frickin' clue what is going on in his administration.

And anyone who doesn't blame this war on a resource grab need look no further than Dick Cheney's Energy Task Force.

I should probably add that we won't be getting out of Iraq. Not now, not ever. Sad and pathetic is the fact that the main political discussion for weaning ourselves on foreign oil involves (1) Domestic drilling and (2) Pipe dreams like Ethanol and Hydrogen.

Simply stated, petroleum is "free energy." Either get used to using a whole lot less energy altogether, or get used to paying a whopping sum to use it.

My solution? Reduce, reduce, reduce, but in the meantime develop new Nuclear energy technology.

DairyM		2007-10-26 10:07:37 AM

even my novelty Flintstones car, subby? Say it ain't so!

GurneyHalleck		2007-10-26 10:08:05 AM

"He who controls the spice, controls the Universe."

Crown_of_Shoes		2007-10-26 10:09:23 AM

yakmans_dad: Lard_Baron: Iraq has around 300B barrels

300B x $92 = $27.6Trillion.

cost of war $2T, royalties to Iraq? $15T?

flow to the USA oil companies/economy = $10T?

"When it comes to assessing Iraq's undiscovered reserves, the differences between the DOE and the USGS becomes even starker. According to the USGS-which is hardly a Chicken Little when it comes to reserve predictions-there is a 95 percent probability that Iraq has at least 14 bbl, a 50 percent probability that it has at least 45 bbl, but only a 5 percent probability that it has 84 bbl of undiscovered reserves. This means that the probability that Iraq has 200 bbl or 300 bbl, as so many of the reports have suggested, is, according to USGS calculations, close to nil."

http://www.brookings.edu/papers/2003/0512globalenvironment_luft.aspx

Damn, why can't Saudi Arabia start a nuclear program?

Viss		2007-10-26 10:09:42 AM

capecodcarl: This war is sickening. The world lived in peace and harmony with each other for centuries...

You gotta be kidding me.

Are you that stupid woman that goes to my union meetings and talks about how everyone in Iraq loves eachother, and there really wasn't an Iraq/Iran war at all?

The biggest conspiracy ever, that the Left knows all about?

Why'd Clinton bomb Bosnia? For the economy?

If Kerry kept the troops there, you pansies would still be blaming Bush. You still blame Reagan (he's DEAD and NOT RUNNING again!) for tons of things, many of you tards were still in diapers back then.

Yellowbeard		2007-10-26 10:09:51 AM

Algae Biodiesel, people. (new window)

Also, isn't this same subject like 8 topics down on the main page already?

ItchyMcknobster		2007-10-26 10:10:28 AM

Wow, look, a bunch of blow hards on fark, who'll biatch day in and day out about a corrupt government, but won't do a god darn thing about it.

No, you'll just sit here and pound away at your crumb infested keyboards, with your fat little fingers, complaining about how everyone is corrupt. But as long as you can still drink your beer, and put gas in your SUV, or charge your stupid little 9.6v prius, you'll just biatch. You won't be doing what citizens should be doing, and that is removing these scumbags from office, by force if needs be.

But there is one good thing, at least there are more of you now then there was a couple of years ago.

Funny how long sheep need to wake up....

Viss		2007-10-26 10:11:52 AM

epoc_tnac: Subby: Oil reaches $92 a barrel on news that every car in the world is powered by it

Err... biodiesel? Solar power? Steam engines? I could go on, but I don't want to.

he said car, not deathtrap dorkmobile.

oh wait, theres that $100k sportscar. and it looks cool.

/got me

dogfood		2007-10-26 10:12:50 AM

My car runs on the menses of bigfoot.

Yellowbeard		2007-10-26 10:13:01 AM

Viss: capecodcarl: This war is sickening. The world lived in peace and harmony with each other for centuries...

You gotta be kidding me.

Are you that stupid woman that goes to my union meetings and talks about how everyone in Iraq loves eachother, and there really wasn't an Iraq/Iran war at all?

The biggest conspiracy ever, that the Left knows all about?

Why'd Clinton bomb Bosnia? For the economy?

If Kerry kept the troops there, you pansies would still be blaming Bush. You still blame Reagan (he's DEAD and NOT RUNNING again!) for tons of things, many of you tards were still in diapers back then.

And I thought the post this was in response to was stupid. I think you guys are on the same team. Ever heard of sarcasm? The post you are responding was fairly dripping with it.

That said, this war is completely idiotic for a multitude of reasons, I can't believe anyone is still defending it. Further, I was not in diapers when Reagan was in power, and I think he was a completely worthless idiot.

Hobodeluxe		2007-10-26 10:13:39 AM

capecodcarl: he world lived in peace and harmony with each other for centuries and never fought wars over natural resources before

People have been fighting over anything and everything since the dawn of man. land,water,fire,women etc.etc.

That being said Bush has done all he can to make the price of oil go up.

Hollie Maea		2007-10-26 10:13:56 AM

capecodcarl: This war is sickening. The world lived in peace and harmony with each other for centuries and never fought wars over natural resources before, but along comes ~~George W. Bush~~ George H. W. Bush and voila... blood is being shed for oil. That man disgusts me.

/Sorry. Pet Peeve.

Crown_of_Shoes		2007-10-26 10:14:16 AM

ItchyMcknobster: Wow, look, a bunch of blow hards on fark, who'll biatch day in and day out about a corrupt government, but won't do a god darn thing about it.

No, you'll just sit here and pound away at your crumb infested keyboards, with your fat little fingers, complaining about how everyone is corrupt. But as long as you can still drink your beer, and put gas in your SUV, or charge your stupid little 9.6v prius, you'll just biatch. You won't be doing what citizens should be doing, and that is removing these scumbags from office, by force if needs be.

But there is one good thing, at least there are more of you now then there was a couple of years ago.

Funny how long sheep need to wake up....

Actually, I only biatch to make myself feel better. Deep down I secretly know that we need to murder women and children to allow me to afford to fill up my Suburban. Day 1 of the Iraq war I said to myself, "Yes! Blood for Oil!"

drongozone		2007-10-26 10:14:23 AM

From "Repo Man":

"The more you drive, the stupider you get"

...or something like that.

epoc_tnac		2007-10-26 10:14:40 AM

From Greg Palast:

And what did the USA want Iraq to do with Iraq's oil? The answer can be found in a 323-page plan for Iraq's oil secretly drafted by the State Department. Our team got a hold of a copy; how, doesn't matter. The key thing is what's inside this thick Bush diktat: a directive to Iraqis to maintain a state oil company that will "enhance its relationship with OPEC."

Enhance its relationship with OPEC??? How strange: the government of the United States ordering Iraq to support the very OPEC oil cartel which is strangling our nation with outrageously high prices for crude.

Specifically, the system ordered up by the Bush cabal would keep a lid on Iraq's oil production - limiting Iraq's oil pumping to the tight quota set by Saudi Arabia and the OPEC cartel.

There you have it. Yes, Bush went in for the oil - not to get more of Iraq's oil, but to prevent Iraq producing too much of it. (new window)

canyoneer		2007-10-26 10:15:37 AM

The USGS must be using old data - or the Brookings institution is cherry picking. (pops)

Though Western and Iraqi engineers have always known that there are oil formations beneath Sunni lands, the issue is coming into sharper focus with the new studies, senior Oil Ministry officials said. The question of where the oil reserves are concentrated is taking on still more importance as it appears that negotiators are close to agreement on a long-debated oil law that would regulate how Iraqi and international oil companies would be allowed to develop Iraq's fields.

The new studies have increased estimates of the amount of oil in a series of deposits in Sunni territory to the north and east of Baghdad and in a series of deposits that run through western Iraq like beads on a string, and could contain as much as a trillion cubic feet of natural gas. The revised figures, though large, would not mean that deposits in Sunni territories could challenge the giant fields elsewhere in the country...

A re-examination of one series of wells running from Taji, just north of Baghdad, to an area southeast of the capital nearly doubled the estimate of recoverable reserves after raising the estimated total to around 15 billion barrels, Mr. Bayati said.

And there's a whole new field just discovered by a Norwegian company up in Kurdistan, and so on.

The scuttlebutt I'm hearing says there is easily another 500 billion barrels yet to be produced in Iraq - maybe as much as one trillion. I think the Brookings Institution just doesn't like the war.

borist		2007-10-26 10:15:55 AM

Remember, the world economy will collapse if it reaches $100/barrel.

They told me so back at $50/barrel, so it must be true.

Hoblit		2007-10-26 10:17:58 AM

ItchyMcknobster COol...lets do it... you first.

lajimi		2007-10-26 10:18:00 AM

CHEAPER CRUDE OR NO MORE FOOD
Any questions?

Farkin'round		2007-10-26 10:20:12 AM

canyoneer		2007-10-26 10:21:18 AM

Haha. I just looked at the Brookings Institute paper. It's dated May 12, 2003. Um, that's way out of date. Throw it on the dustbin of history, because it's wrong. New information has come to light.

yakmans_dad		2007-10-26 10:22:28 AM

canyoneer:
The scuttlebutt I'm hearing says there is easily another 500 billion barrels yet to be produced in Iraq - maybe as much as one trillion. I think the Brookings Institution just doesn't like the war.

The scuttlebutt I'm hearing says that Iraq's oil is actually made of Keebler elves. And that they're not all dead when the gasoline made from it goes into your tank.

The_Fuzz		2007-10-26 10:22:40 AM

Oil reaches $92 a barrel on news that ~~every car in the world is powered by it~~the US dollar, in which oil is priced, has sunken to new lows.

FTFY

iaazathot		2007-10-26 10:23:11 AM

I am sure glad that its just good ol' supply and demand that is driving the gas prices and not fear of a US invasion of Iran that hasn't even happened yet.

/subby is right, gas prices can go up because its Friday
//everyone knows Friday's are just more costly in general
///we are doomed by Der Monkey in office, but also by our own stupidity

yakmans_dad		2007-10-26 10:24:34 AM

canyoneer: Haha. I just looked at the Brookings Institute paper. It's dated May 12, 2003. Um, that's way out of date. Throw it on the dustbin of history, because it's wrong. New information has come to light.

http://www.msnbc.msn.com/id/18201990/

"The consulting firm IHS Inc., in a report released Wednesday, said there may be an additional 100 billion barrels of oil beneath the surface in the western part of the country. The country's current reserve base is estimated to be 116 billion barrels.

The U.S. Geological Survey has been less optimistic about Iraq's untapped potential, estimating there exists an additional reserve base of 45 billion barrels."

That's dated 2007.

Sybarite		2007-10-26 10:25:25 AM

"That'll be $173.95 mister."

juliaemma		2007-10-26 10:26:03 AM

My bet is a $120 peak after limited Iranian interdiction attempt on our oil supply chain. In mid December.

And all you 'no blood for oil' people should STFU.
Aren't you all Al Gore followers? Didn't you listen?
Are you going to be whining when it's blood for food and water?

yakmans_dad		2007-10-26 10:29:23 AM

Sybarite: "That'll be $173.95 mister."

Excellent.

Eli the ice man		2007-10-26 10:29:43 AM

capecodcarl: This war is sickening. The world lived in peace and harmony with each other for centuries and never fought wars over natural resources before, but along comes George W. Bush and voila... blood is being shed for oil. That man disgusts me.

+1 for the comment itself
+1 for identifying everyone with a broken sarcasm meter, even after TiltedKilt brought it up.

Well done.

tarkin1		2007-10-26 10:30:26 AM

Two things:
1. Not every car runs on gas. If you go to Buenos Aires, Argentina, you find that Almost all the Taxis run on PROPANE OK, it is 'gas', but not what he meant.

2. There are several people saying that the war is about Oil. OK, and what makes you think that is a bad thing???? Name something that you think is a good reason to go to war. Show why your thing is better than Oil. Please note that pretty much the ONLY reason Japan went to War in WW II was about OiL. They wanted Oil and did not have any. They attacked Perl Harbor in an attempt to cripple the US, preventing us from defending other far east countries that had Oil when Japan attacked them.

Also note, the war in the middle east is NOT about the US grabbing oil, it is about the US preventing oil from being used to fund aggressive, militaristic societies that have stated they hate the US. Yeah, it is 'about oil', but it is NOT greed for Oil by the USA. The US gets most of it's oil from Canada, not the middle east. What little it gets from the Middle East is from the Saudi's and Kuwait. Iran, Iraq, Afganistan do not and will not send oil to the US.

Quantum Apostrophe		2007-10-26 10:31:14 AM

epoc_tnac: Err... biodiesel? Solar power? Steam engines? I could go on, but I don't want to.

You can't go on because you're not making any sense. You're only thinking that your "alternatives" mean something because you presently live in a world with lots of oil-based energy.

How are the crops grown for biodiesel? Oil-based agriculture. Steam engines burn what to heat the water? Coal. Solar power needs a serious energy infrastructure already in place to build the damn panels. Oil baby.

Mad-n-FL		2007-10-26 10:32:57 AM

$92 a barrel is not enough profits for Oil companies yet; What other country(ies) can we invade to drive up the price of Oil?

Iran produces a lot of Oil right now, we can invade or bomb them and get Oil to $180; Halliburton shareholders will rejoice!

Venezuela, are you listening?

Sumdumfarkr		2007-10-26 10:37:42 AM

Ric Romero, white courtesy phone...
Paging Mr. Ric Romero, white courtesy phone please...

\[Insert popular FARK cliche(s)here.]
\Seems a shame that cars don't run on poop.

Quantum Apostrophe		2007-10-26 10:39:22 AM

Mad-n-FL: $92 a barrel is not enough profits for Oil companies yet;

So buy some energy funds and quit your whining. Unless you have all your eggs in the "house" basket, that is.

yakmans_dad		2007-10-26 10:39:24 AM

tarkin1: Two things:
1. Not every car runs on gas. If you go to Buenos Aires, Argentina, you find that Almost all the Taxis run on PROPANE OK, it is 'gas', but not what he meant.
2. There are several people saying that the war is about Oil. OK, and what makes you think that is a bad thing???? Name something that you think is a good reason to go to war. Show why your thing is better than Oil. Please note that pretty much the ONLY reason Japan went to War in WW II was about OiL. They wanted Oil and did not have any. They attacked Perl Harbor in an attempt to cripple the US, preventing us from defending other far east countries that had Oil when Japan attacked them.
Also note, the war in the middle east is NOT about the US grabbing oil, it is about the US preventing oil from being used to fund aggressive, militaristic societies that have stated they hate the US. Yeah, it is 'about oil', but it is NOT greed for Oil by the USA. The US gets most of it's oil from Canada, not the middle east. What little it gets from the Middle East is from the Saudi's and Kuwait. Iran, Iraq, Afganistan do not and will not send oil to the US.

After 9/11 the Iranian gov't became an ally in our anti-terrorist operations and attempted to reach a framework in which it would give up its nuclear program. Bush spurned them and they were included in the "Axis of Evil" speech. It's one thing to like flowers, it's another to plant weeds so that you can make a big deal over picking 'em. There's nothing in the record that suggests that Bush's motivations are more than simply LIKING TO USE FORCE. When he was a kid, he'd blow up frogs by putting firecrackers inside them. He's a friggin' sociopath.

canyoneer		2007-10-26 10:40:56 AM

yakmans_dad

Well, that gets us up to almost 300 billion barrels right there. Meanwhile, the analysis of existing seismic data is ongoing. There are many areas in Iraq where the geology is favorable that haven't even had seismic shot at all, much lass had any seismic strings analyzed using today's technology.

On top of that, the Iraqi oil industry has been in technical limbo since the late 80's, meaning current secondary and tertiary recovery technologies applied to the existing super-giant fields (Ramaila and Kirkuk) will extend and increase production there. The 500 billion barrel figure is not only possible, but highly probable. The one trillion barrel figure is quite possible as exploration goes on in Anbar Province and Kurdistan.

You can safely assume that there's a sh*tload of oil in Iraq. Wait until they delineate some of these formations and drill them directionally, with long horizontal pay zones and multiple packer/perforation strings. There will be some huge producers. Count on it.

Murgen		2007-10-26 10:42:46 AM

Both my car and suv are paid off. I don't care how much gas costs. It's still will be cheaper than going and buying a hybrid or something more fuel efficient.

Giblet		2007-10-26 10:43:07 AM

TiltedKilt: Giblet, methinks your sarcasm meter needs a bit of a tune-up.

It wasn't sarcasm. Exaggerated a bit, yes.

Since 2001, the US economy has been in danger of collapse. What keeps that from happening is that oil trades in US dollars, even though OPEC would prefer it traded in euros.

If oil started trading in euros, the dollar's value would drop (a LOT) and our country, which depends 100% on oil to make fertilizers and pesticides (hence, food) and for almost all industry, would not be able to afford oil. You would starve, or freeze, in the dark.

We went into Iraq to guarantee access to an oil supply. That is why we went. That is why we are still there, and that is why we will stay, no matter who wins in 2008.

As long as we have access to oil, we have the most fearsome military on the planet. Remove the oil, and we're pure third-world trailer trash. OPEC knows that we can take oil if we can't buy it, so the world is in this very precarious balance right now...

That is not what you were told. But what if you HAD been told this? You would panic, run in circles, and knock stuff over. Rioting would occur. Again, our economy would collapse, except it would collapse because no work was getting done.

Call this tinfoil madhattery if it comforts you. Go on thinking that America is in this war for philanthropic reasons, or WMD reasons, or 9/11 reasons, or whichever of the various lies we've been handed floats your boat. Just GBTW when you're done.

epoc_tnac		2007-10-26 10:44:41 AM

Quantum Apostrophe: epoc_tnac: Err... biodiesel? Solar power? Steam engines? I could go on, but I don't want to.

You can't go on because you're not making any sense. You're only thinking that your "alternatives" mean something because you presently live in a world with lots of oil-based energy.

How are the crops grown for biodiesel? Oil-based agriculture. Steam engines burn what to heat the water? Coal. Solar power needs a serious energy infrastructure already in place to build the damn panels. Oil baby.

Wow, someone is itching to take things way too seriously. Hilarious references to "my" alternatives being infeasible. But a simple glance at the headline would demonstrate that the premise I was challenging was simply the idea that every car in the world is powered by oil. Some cars are powered by other things, believe it or not.

I'm sure you can find some other dweeb to argue with you about the pros and cons of different fueltypes though. Better luck next time old chap!

czarangelus		2007-10-26 10:45:12 AM

I blame Democrat Congress for troops still being in Iraq. Spineless, craven, corporate whore dogs.

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