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(UPI)   U.S. oil rises near $95 on falling dollar. Suck it, America   (upi.com) divider line 44
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385 clicks; posted to Business » on 19 Nov 2007 at 12:54 PM (7 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
 
2007-11-19 10:22:23 AM  
As said by a real patriot.
 
2007-11-19 10:32:00 AM  
www.dailynugget.com

It's all just supply and demand!
 
2007-11-19 10:32:42 AM  
What can be done to improve the value of the US Dollar?
 
2007-11-19 10:53:35 AM  
sarty: What can be done to improve the value of the US Dollar?

Get out of Iraq?
 
2007-11-19 11:13:05 AM  
Get out of Iraq?

Even moreso than that, balance the budget (Iraq is still only a fraction of the yearly deficit), stop with the crazy low interest rates, and work to build faith in the currency again. Hopefully some headway is made after the next election, regardless of who wins, but don't hold your breath.
 
2007-11-19 11:14:52 AM  
Soon we'll all be driving motorcycles, mopeds, or one of these:

images.motortrend.com

Meh, that's not so bad.


/just compensating for my enormous penis
 
2007-11-19 11:21:58 AM  
I can't stand articles.

In which every sentence.

And even sentence fragments.

Each become their own paragraph.
 
2007-11-19 11:33:11 AM  
I wish this was a war for oil. If we're going to be imperialist nation builders, I'd like to see some return for those of us who don't have shares in Haliburton.
 
2007-11-19 12:52:19 PM  
sarty: What can be done to improve the value of the US Dollar?

The best thing we could do for the country right now is invade Iran.
 
2007-11-19 01:00:48 PM  
Therion: It's all just supply and demand!

www.linenoiz.com
 
2007-11-19 01:01:27 PM  
Riche: /just compensating for my enormous penis

You owe me a new keyboard.
 
2007-11-19 01:17:19 PM  
Remember, oil is not a strategic material over which nations will wage wars. Petroleum production has not peaked. High oil prices are merely a conspiracy by the Bush administration and Exxon to rob you and suppress the Magical Tessla Free Magnetic Energy Engine.

www.loc.gov

www.tonbiesemaat.nl

www.ausairpower.net

upload.wikimedia.org
 
2007-11-19 01:29:37 PM  
So wasn't invading Iraq supposed to keep oil prices down? Aren't we there to steal Iraqi oil? That's what the pansycrats kept yelling. Is it really taking 4 years for the oil to get here? Or is it possible that oil prices move on other factors? Like supply, demand, seasonal shifts, economic power etc etc.

Oil tends to go up in summer and winter, btw. The dollar is also tanking, that means it takes more dollars to buy the same amount of oil.

Nope, that can't be it. Bad things happen only because Bush is evil and stupid. And he controls EVERYTHING, even OPEC. Yup, that's a far more rational explanation. Who needs reality when you've got partisan bullshiat!
 
2007-11-19 01:33:39 PM  
canyoneer , I wonder how many tax dollars were wasted in jet fuel and maintenence time to get that cute F-15/F-15 Strike/F-16 formation photo op...during a frickin' war no less...
 
2007-11-19 01:36:10 PM  
apeiron242 :So wasn't invading Iraq supposed to keep oil prices down? Aren't we there to steal Iraqi oil? That's what the pansycrats kept yelling. Is it really taking 4 years for the oil to get here?

You speak as if everything went according to the neoconservatives plans.

Yes, that was part of their plan. It failed. Iraq is a borderline anarchy. Not exactly what they had in mind.
 
2007-11-19 01:51:32 PM  
The plan was to raise the price of oil by causing regional instability. Mission accomplished.
 
2007-11-19 02:00:06 PM  
I Can't Find My Pants

Far fewer tax dollars were spent photographing those airplanes than were spent to renovate Soldier Field, for example. Far fewer.

As far as the Iraq War having "failed," I think your declaration might be premature. The Pentagon is in Iraq to stay, and eventually the petroleum will start flowing. The Pentagon will stay in Iraq as long as it takes, because we don't have a choice - that is, if you want America to remain a powerful nation very much longer.

Just wait until the Democrats take the Congress and White House in 2008, and sheepishly admit that they are not going to withdraw the troops - and never had any intention of doing so. You see, they have been pandering to those Americans who can't see the big picture, or those who have a childish, naive understanding of how the world works. The latter suffer from a form of vanity and a variety of delusions, I reckon. They think they are nice, and that America is good, and that they have a say in big decisions like this one.
 
2007-11-19 02:19:23 PM  
I must say that I, for one, am shocked, simply SHOCKED, that gas prices are going up just before Thanksgiving.

/filled the tank a few days ago
//not that it'll make a difference in the long term
 
2007-11-19 02:20:28 PM  
I Can't Find My Pants

Yes, that was part of their plan. It failed. Iraq is a borderline anarchy. Not exactly what they had in mind.

if we are really there for the oil, then why dont we use the military to seize the oil fields and protect them. we could then protect all routes and pipelines leading to a port. once the oil is in the protected port, we could load it up on a ship. it seems to me that having 150k troops spread out throughout iraq is not the best to get iraq's oil. hell, if we were really there for the oil, what is the point of having troops in downtown baghdad. the last i recall, there aren't any oil fields in the middle of a city with 4 million people

we may very well be there for the oil, but that isn't our primary objective.
 
2007-11-19 02:28:43 PM  
apeiron242: So wasn't invading Iraq supposed to keep oil prices down? Aren't we there to steal Iraqi oil? That's what the pansycrats kept yelling.

So why the f*ck are we really there? Cause there wasn't Al Qaeda before (and no link to 9/11), there weren't any WMDs, Saddam wasn't the worst dictator ever and democracy has to be earned, not given.
 
2007-11-19 02:31:30 PM  
chrischris451: The plan was to raise the price of oil by causing regional instability. Mission accomplished.

I don't buy it. The dollar has weakened- and as such their assets become less valuable. Am I missing something on this?
 
2007-11-19 02:37:41 PM  
infantry:
if we are really there for the oil, then why dont we use the military to seize the oil fields and protect them.

That was the first thing we did, actually.

it seems to me that having 150k troops spread out throughout iraq is not the best to get iraq's oil.

Yeah, it's not working out too well is it.

. hell, if we were really there for the oil, what is the point of having troops in downtown baghdad. the last i recall, there aren't any oil fields in the middle of a city with 4 million people

Because they could only defend the oil fields so long without having the Iraqis on our side. Ya can't just dive in and take it...all the lip-service goes right out the window at that point.

Does anyone honestly believe we invaded to liberate Iraqis? Does anyone really believe it was about WMDs? More unlikely, does anyone really believe it was to provide regional stability?
 
2007-11-19 03:19:23 PM  
I Can't Find My Pants:
Does anyone honestly believe we invaded to liberate Iraqis? Does anyone really believe it was about WMDs? More unlikely, does anyone really believe it was to provide regional stability?


Maybe there was a hope of turning Iraq into another South Korea/Japan/Germany?

Unfortunately, there was too much hoping and not enough planning.

It was critical to get our presence in the area to ensure the fair-flowing of oil reserves. We may not be the direct beneficiary/customer of Iraq's oil, but the more supply on the market, the cheaper Mexico's oil is, ya dig?

Already Iran, Ecuador, and Venezuela (primarily) are talking about an "oil war" to cripple the U.S., that's something I can imagine Saddam throwing his weight behind.
 
2007-11-19 03:26:20 PM  
img118.imageshack.us
 
2007-11-19 03:34:22 PM  
I Can't Find My Pants

That was the first thing we did, actually.

and then what, we left them unsecured after we secured them? we haven't done much with them imo

Because they could only defend the oil fields so long without having the Iraqis on our side. Ya can't just dive in and take it...all the lip-service goes right out the window at that point.

if the military wanted to, no iraqis could stop us from taking their oil. what are they going to do, human wave attack us? they have no military assets. simply kill everyone that approached their oil fields.

Does anyone honestly believe we invaded to liberate Iraqis? Does anyone really believe it was about WMDs? More unlikely, does anyone really believe it was to provide regional stability

i really dont believe it was about liberating iraqis. i really have no idea why we invaded. probably to make the corporations lots of money. if we were going to invade a middle east country for wmd's, it sure as hell shouldn't have been iraq. never heard the argument about invading iraq to promote regional stability.
 
2007-11-19 03:53:22 PM  
Heh, the money changers have a plan to rule the world. The political puppets trotted before the people are nothing but greedy profit takers put there for their loyalty. The future is easy to predict because the same scam has been pulled many times before. Run the printing press full speed, start wars for profit, shut off printing press and buy up all the land at firesale prices. Rinse and repeat. Every time it gets repeated the social control mechanisms get a little more ingrained into the society. Ever wonder why you never learned about the Rockefellers et al. in school?

But yeah, conspiracies don't really exist, muhahaha.
 
2007-11-19 03:59:42 PM  
I thought the idea was that the war would pay for itself with oil revenue.
 
2007-11-19 04:32:00 PM  
The price goes up every year before Thanksgiving, and comes down again after Christmas! And up again at the start of summer and down after Labor Day weekend! Why? Because people drive more during holidays and vacations!

/Tinfoil
 
2007-11-19 04:36:23 PM  
Apparently this is due to a open microphone at the last OPEC meeting that was supposed to be closed door.
 
2007-11-19 04:39:28 PM  
sparkmysmeg Quote 2007-11-19 03:53:22 PM
Heh, the money changers have a plan to rule the world. The political puppets trotted before the people are nothing but greedy profit takers put there for their loyalty. The future is easy to predict because the same scam has been pulled many times before. Run the printing press full speed, start wars for profit, shut off printing press and buy up all the land at firesale prices. Rinse and repeat. Every time it gets repeated the social control mechanisms get a little more ingrained into the society. Ever wonder why you never learned about the Rockefellers et al. in school?

But yeah, conspiracies don't really exist, muhahaha.


Hate to burst your bubble pal, but that's 7th grade history material, and then once again in 12th grade government. Not to mention again in 35-45% of college curriculums.
 
2007-11-19 04:45:34 PM  
canyoneer: You see, they have been pandering to those Americans who can't see the big picture, or those who have a childish, naive understanding of how the world works.

The big picture is that in 10 billion years, this world and everything on it will be frozen dust.

/Your money and your oil... it means nothing
//Who's childish and naive now?
 
2007-11-19 05:08:50 PM  
That's it...when it's time for me to buy a new boiler for my house, I'm going nuclear.
 
2007-11-19 06:05:50 PM  
here is the link to the Fark thread from '04 Study shows that $2.00 a gallon isn't making people give up their Escalade for a Prius (new window)
 
2007-11-19 06:42:35 PM  
i27.photobucket.com

"I'm sure that Cheney's and/or Israel's war in Iran will greatly stabilize the region and knock down oil prices considerably to the benefit of us all."
 
2007-11-19 07:32:24 PM  
"God would tell me, 'George, go and fight those terrorists in Afghanistan.' And I did, and then God would tell me, 'George, go and end tyranny in Iraq'...and I did.'"

Quoted to the BBC by Nabil Shaath, then-Palestinian foreign minister.

"God inspired me to hit al Qaeda, and so I hit it. And I had the inspiration to hit Saddam [Hussein], and so I hit him."

Arabic translator who examined the remarks (for The Washington Post) of Bush's meet with then Palestinian Prime Minister Mahmoud Abbas, during which Abbas recounted the session.

Both sound pretty mad.

Text from Here (poppy)
 
2007-11-19 09:57:36 PM  
Gobobo: "God inspired me to hit al Qaeda, and so I hit it."

Too bad God didn't tell him till after 9/11, cause the Clinton Administration sure did.
 
2007-11-19 10:20:48 PM  
Oil is running out and fast.

Go do some real research.

We're all screwed. Seriously.

From today's Wall Street Journal:

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Some predict that, despite the world's fast-growing thirst for oil, producers could hit that ceiling as soon as 2012. This rough limit -- which two senior industry officials recently pegged at about 100 million barrels a day -- is well short of global demand projections over the next few decades. Current production is about 85 million barrels a day.


After we hit that peak, we reach an irreversible decline.

Go look at the 2005 Hirsch report or the Feb. 2007 GAO report on this. Both are U.S. government documents publicly available on the Internet.

Both say we need alternatives to oil or else it is time for Mad Max. And you don't look like Mel Gibson to me.

So what do we do about it? Have world wars for oil until enough people die to slow demand for oil. And guess what. Even then, oil eventually runs out.

And we're back to Little House on the Prairie. Except without kerosene lanterns. Or girls in pretty dresses. Or a candy store.

We live in dirt. Dirtily.

Happy Thanksgiving.
 
2007-11-19 11:56:27 PM  
All this disaster because Florida wasn't allowed to count the votes in 2000.

Fark the GOP forevermore.

/I told you so.
//We'd still have a World Trade Center too.
 
2007-11-20 12:45:17 AM  
FarkingReading: Oil is running out and fast.

Go do some real research.

We're all screwed. Seriously.

From today's Wall Street Journal:

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Some predict that, despite the world's fast-growing thirst for oil, producers could hit that ceiling as soon as 2012. This rough limit -- which two senior industry officials recently pegged at about 100 million barrels a day -- is well short of global demand projections over the next few decades. Current production is about 85 million barrels a day.

After we hit that peak, we reach an irreversible decline.

Go look at the 2005 Hirsch report or the Feb. 2007 GAO report on this. Both are U.S. government documents publicly available on the Internet.

Both say we need alternatives to oil or else it is time for Mad Max. And you don't look like Mel Gibson to me.

So what do we do about it? Have world wars for oil until enough people die to slow demand for oil. And guess what. Even then, oil eventually runs out.

And we're back to Little House on the Prairie. Except without kerosene lanterns. Or girls in pretty dresses. Or a candy store.

We live in dirt. Dirtily.

Happy Thanksgiving.


"God from the Machine..."

www.sandia.gov
 
2007-11-20 01:03:34 AM  
Chant: 100!! 100 !! 100!!!
 
2007-11-20 02:16:39 AM  
FarkingReading: Oil is running out and fast.

Go do some real research.

We're all screwed. Seriously.

From today's Wall Street Journal:

A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Some predict that, despite the world's fast-growing thirst for oil, producers could hit that ceiling as soon as 2012. This rough limit -- which two senior industry officials recently pegged at about 100 million barrels a day -- is well short of global demand projections over the next few decades. Current production is about 85 million barrels a day.

After we hit that peak, we reach an irreversible decline.

Go look at the 2005 Hirsch report or the Feb. 2007 GAO report on this. Both are U.S. government documents publicly available on the Internet.

Both say we need alternatives to oil or else it is time for Mad Max. And you don't look like Mel Gibson to me.

So what do we do about it? Have world wars for oil until enough people die to slow demand for oil. And guess what. Even then, oil eventually runs out.

And we're back to Little House on the Prairie. Except without kerosene lanterns. Or girls in pretty dresses. Or a candy store.

We live in dirt. Dirtily.

Happy Thanksgiving.


It's called nuclear energy, and when you factor reprocessing in, it will last us hundreds of years. Quit being so damn pessimistic.
 
2007-11-20 08:56:01 AM  
Nuclear, coal and renewables should last the planet for a long, long, LONG time yet.

Plus there's still plenty of oil that's not been discovered/extracted yet, eg the Falkland Islands are thought to be home to many tens/hundreds of millions of barrels. There are a few small companies out there, waiting for rigs to be available so they can drill. It's more difficult and expensive to get because it's deep sea, that's why no one has bothered before.

If there was the hardware and skills available right now a lot more oil would be coming on stream. Because of the delay in production capability the supply side is dragging demand. This means oil is more expensive than is natural (about $60/barrel is considered a natural level today).

Oil is still cheaper than it needs to be to really drag on the world economy, but the high price means alternatives are being looked at with more determination. And also more efficient personal transportation is being considered by many, even if you discount greenhouse theories the particulates released by thousands of inefficient combustion engines are pretty unhealthy.

/Silver lining
 
2007-11-20 03:32:21 PM  
Falling dollar? Falling against what? Here's your 52week:

Yuan? $7.87 - $7.42 ~6% DOWN
EURO? $.78 - $.68 ~13% DOWN
Venezuala: $2175 - ~$2175 ~0% Change.......

Oh noes!! Der Chavista der spoken must blame bush!

Democrats are useful idiots
 
2007-11-20 03:34:32 PM  
Why do democrats so eagerly buy into the distorted BS that Socialists and dictators come up with? And no the sky isn't falling.
 
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