It appears that OPEC thinks the faster they push the barrel lower, the sooner it will recover.
They are under the illusion they have control over world oil prices and have the ability to wait out an American collapse in production.
I say their play is suicide, or the last desperate move of a dying entity, or in the least, one huge bluff.
http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html (http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html)
Quote from: Solar on January 12, 2015, 06:45:56 AM
It appears that OPEC thinks the faster they push the barrel lower, the sooner it will recover.
They are under the illusion they have control over world oil prices and have the ability to wait out an American collapse in production.
I say their play is suicide, or the last desperate move of a dying entity, or in the least, one huge bluff.
http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html (http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html)
Wouldn't lower energy prices here increase our economy? Energy is one reason we've lost so much manufacturing.
Quote from: Dori on January 12, 2015, 07:08:30 AM
Wouldn't lower energy prices here increase our economy? Energy is one reason we've lost so much manufacturing.
Yes and no. Energy is what economies run on, the life blood of all manufacturing, but if there is no Mkt demand for products, there is no drive for production, so the price of oil will continue to fall.
I do not expect to see a global recovery until after 2016, when the world will breathe a sigh of relief that adults are once again in charge of the American economy..
The only reason we're in a global recession/depression, is all due to crony capitalists and the Marxist in the WH.
We are still setting up for the perfect storm for Conservatism's return to dominance.
Quote from: Dori on January 12, 2015, 07:08:30 AM
Wouldn't lower energy prices here increase our economy? Energy is one reason we've lost so much manufacturing.
Yes it would, but it would have a negative impact on the oil industry and fracking. I lived in the mid south in the 70's and saw the boom and the bust from the high prices then. However, once the infrastructure is in place it is there. I remember oil rigs being capped in the Gulf and once the prices went back up those rigs were put back into production. Another positive is that these operations are not just harvesting oil, but natural gas as well. This is our wild card. The Russians and Iranians are big losers in this deal.
Quote from: supsalemgr on January 12, 2015, 08:08:44 AM
Yes it would, but it would have a negative impact on the oil industry and fracking. I lived in the mid south in the 70's and saw the boom and the bust from the high prices then. However, once the infrastructure is in place it is there. I remember oil rigs being capped in the Gulf and once the prices went back up those rigs were put back into production. Another positive is that these operations are not just harvesting oil, but natural gas as well. This is our wild card. The Russians and Iranians are big losers in this deal.
Exactly! That was a point I mentioned in another thread, that oil is merely an plus while harvesting Ng for the world Mkt, completely circumventing Russian dominance in their stranglehold over Europe's need for gas.
Sure, we may curtail oil production for the time being, but these wells will not cease to exist as long as there is demand for Ng.
I think the Saudis are gambling with their very way of life in their hopes that they can wait us out.
99cents a Gallon in 29 States would be really nice again :popcorn:
Quote from: Gator Monroe on January 12, 2015, 01:10:14 PM
99cents a Gallon in 29 States would be really nice again :popcorn:
Obama and environmentalist wackos would not like that. Bye bye solar and wind.
Sounds like the ideal situation to me. Buy theirs when it's cheap, and make our own when it's expensive. Cheaper energy means less spent on it, which frees up cash for other things. Increased demand in those areas of the economy creates jobs, more than offsetting the jobs lost from shale oil rigs shutting down. When prices go back up, shale oil production starts back up. I don't believe the cycle will take so long we'll lose the shale oil infrastructure and have to start over. Get us back on a REAL, producing economy. Tone down the regulations to what is actually needed, and cut back corporate taxes - to zero preferably - and industry will be able to absorb, and even take advantage of when oil prices do go back up.
This crap of the government giving money they don't have to their chosen voting block, so they can go out and spend it on foreign made junk, and calling it a "healthy economy" has GOT to STOP!
Quote from: zewazir on January 12, 2015, 10:15:21 PM
Sounds like the ideal situation to me. Buy theirs when it's cheap, and make our own when it's expensive. Cheaper energy means less spent on it, which frees up cash for other things. Increased demand in those areas of the economy creates jobs, more than offsetting the jobs lost from shale oil rigs shutting down. When prices go back up, shale oil production starts back up. I don't believe the cycle will take so long we'll lose the shale oil infrastructure and have to start over. Get us back on a REAL, producing economy. Tone down the regulations to what is actually needed, and cut back corporate taxes - to zero preferably - and industry will be able to absorb, and even take advantage of when oil prices do go back up.
This crap of the government giving money they don't have to their chosen voting block, so they can go out and spend it on foreign made junk, and calling it a "healthy economy" has GOT to STOP!
Absolutely correct. The infrastructure was built on dollars from the high price. It can be taken out of production and preserved for when the price goes back up. The current situation comes from a combination of the US producing much more, world demand is down and all other producers are pumping like crazy trying to preserve their cash flow.
Quote from: supsalemgr on January 13, 2015, 05:01:27 AM
Absolutely correct. The infrastructure was built on dollars from the high price. It can be taken out of production and preserved for when the price goes back up. The current situation comes from a combination of the US producing much more, world demand is down and all other producers are pumping like crazy trying to preserve their cash flow.
OPEC members in general have little besides oil to offer on international markets. (Who needs a boatload of sand?) They have fashioned convoluted internal economies based on the ability to sell their oil externally at $80+/barrel. THAT is why they're "pumping like crazy."
OPEC's decision not to cut production and raise prices shocked observers. :mad:
Quote from: sensualblighter on February 18, 2015, 10:31:06 PM
OPEC's decision not to cut production and raise prices shocked observers. :mad:
:lol: :lol: :lol:
I find it funny when these commies discovered they had lost complete control over oil production, all because of free mkt enterprise. :thumbsup:
More dire news for OPEC. :biggrin:
The recent surge in oil prices is just a "head-fake," and oil as cheap as $20 a barrel may soon be on the way, Citigroup said in a report on Monday as it lowered its forecast for crude.
Despite global declines in spending that have driven up oil prices in recent weeks, oil production in the U.S. is still rising, wrote Edward Morse, Citigroup's global head of commodity research. Brazil and Russia are pumping oil at record levels, and Saudi Arabia, Iraq and Iran have been fighting to maintain their market share by cutting prices to Asia. The market is oversupplied, and storage tanks are topping out.
A pullback in production isn't likely until the third quarter, Morse said. In the meantime, West Texas Intermediate Crude, which currently trades at around $52 a barrel, could fall to the $20 range "for a while," according to the report. The U.S. shale-oil revolution has broken OPEC's ability to manipulate prices and maximize profits for oil-producing countries.
"It looks exceedingly unlikely for OPEC to return to its old way of doing business," Morse wrote. "While many analysts have seen in past market crises 'the end of OPEC,' this time around might well be different," Morse said.
Citi reduced its annual forecast for Brent crude for the second time in 2015. Prices in the $45-$55 range are unsustainable and will trigger "disinvestment from oil" and a fourth-quarter rebound to $75 a barrel, according to the report. Prices this year will likely average $54 a barrel.
http://www.bloomberg.com/news/articles/2015-02-09/citi-oil-could-plunge-to-20-and-this-might-be-the-end-of-opec- (http://www.bloomberg.com/news/articles/2015-02-09/citi-oil-could-plunge-to-20-and-this-might-be-the-end-of-opec-)
Quote from: supsalemgr on January 12, 2015, 01:13:36 PM
Obama and environmentalist wackos would not like that. Bye bye solar and wind.
How I wish it will happen :).
Quote from: Solar on January 12, 2015, 07:47:38 AM
Yes and no. Energy is what economies run on, the life blood of all manufacturing, but if there is no Mkt demand for products, there is no drive for production, so the price of oil will continue to fall.
I do not expect to see a global recovery until after 2016, when the world will breathe a sigh of relief that adults are once again in charge of the American economy..
The only reason we're in a global recession/depression, is all due to crony capitalists and the Marxist in the WH.
We are still setting up for the perfect storm for Conservatism's return to dominance.
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.
Once politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.
We are past the point where meaningful action by this country's leaders will have any significance. Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.
Quote from: Possumpoint on April 22, 2015, 03:23:26 PM
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.
Once politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.
We are past the point where meaningful action by this country's leaders will have any significance. Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.
If we do not have faith that there is someone out there that does have the political will for change, we are without hope.
Is that where you want to live?
Without hope there is no reason to become involved in the political process. Just throw in the towel and crawl in a hole.
I understand your rationale about the debt and economy, but I cannot give up hope. Yes, we should financially prepare for the worst. But we should work toward the cure. We will go down fighting the good fight!
If my post above offends anyone I apologize. I have stepped away from the political process and focus on protecting as best I can what I have. I am convinced that we are past the point of no return. Sitting here watching the porcelain bowl slowly passing by with a sinking feeling. Some may gain hope when a piece of wood floats by and they can grab on. All politicians are pandering to both their bases and in hopes of gaining additional supporters. None at present address the problems I see and offer any meaningful solutions. Many of those solutions are the third rail of political reality.
Quote from: Possumpoint on April 22, 2015, 05:02:16 PM
If my post above offends anyone I apologize. I have stepped away from the political process and focus on protecting as best I can what I have. I am convinced that we are past the point of no return. Sitting here watching the porcelain bowl slowly passing by with a sinking feeling. Some may gain hope when a piece of wood floats by and they can grab on. All politicians are pandering to both their bases and in hopes of gaining additional supporters. None at present address the problems I see and offer any meaningful solutions. Many of those solutions are the third rail of political reality.
Everyone should be protecting their assets at this time in the faux economy. We all know the Federal Reserve is pumping air into the big bubble. Yes, it cannot endure.
I choose to believe that Ted Cruz is a man of his word and will tackled the big problems facing this nation. He cannot win if he shows his hand during the campaign. We must look at his record of action since being elected to the Senate. From my Texas perspective he has fulfilled all of his campaign promises to Texans. He has done everything he promised us he would do. How many politicians have that record? None but Cruz. His promises to Americans WILL be fulfilled if he is elected to the WH.
Cruz is a man of integrity and honor. He is a committed Christian and a man of his word. That is what terrifies BOTH political parties. He cannot be bought. He refused to join the "club" when he went to Washington. He is there to accomplish what he promised his constituents.
Can Cruz fix all our National problems? Obviously, no. But he is our best chance for a severe course correction.
What are our real alternatives?
Quote from: Possumpoint on April 22, 2015, 03:23:26 PM
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.
Under no illusions. In 2010 TEA took nearly 1000 Legislative seats across the country, and in 2012, only regained 6. This is historic, even though you never heard in mentioned by the media.
Yes, Nixon screwed us, but Reagan is evidence a good Conservative can make change, even under a Dim controlled House.
Returning to the gold standard would be hard, but not impossible.
QuoteOnce politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.
True, which is why change must take place regardless of the pain in the short term.
QuoteWe are past the point where meaningful action by this country's leaders will have any significance. Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.
That's not what I see. I see a possibly different future.
Like I said, 2016 the economy will rebound, the world is waiting for us to get our shit together.
Think about it, right now, this very moment is the perfect opportunity to kill the dollar and have the world follow another currency, problem is, there is no other currency out there the world is willing to trade in, they are comfortable with us running the world economy.
They also know the Marxists are about to get the boot. The Dim party is dead, we're just waiting for the clock to run out.
We're in a cycle where party's trade power on a regular basis, but the Dims pushed their agenda ahead by 30 years. This woke the nation up and created TEA, in the process exposed the GOP as enablers of the left for their own personal gains.
The country will react with more resolve in taking the nation back, leaving the Dim party out of power for an entire generation.
The nation is fed up, literally to the point of breaking and 2016 will be the deciding factor.
Once Cruz is elected, the economy will recover, the world will follow, and because of his policies, people will feel safe enough to let him do whats necessary.
Yeah, I know, you ask how could I possibly know the future? Human nature, fight or flight.
I'm a serious observer of human nature. It is literally the next step in a series of events.
I was spot on calling 2010 and 2012 midterms, and it was all based on the last 40 years of events unfolding, as will 2016 fall right into place, voiding war or a catastrophe on a global scale.
Just be patient, you'll see.
Solar and Kroz I hope you're right and I'm wrong. IMO a change in leadership at top has little effect other then a change of color and tone. The problem lies in the Congress and over spending. Even St. Regan advocated deficit spending. The rate of that deficit accelerated under GWB and exploded with Obama, all with Republican control of the House.
An improved economy will not noticeably affect the deficit spending by the government. Yes, there will be an increase in tax revenue but past history indicates the it could be redirected towards pet projects rather than debt reduction and will will not noticeably reduce the accumulating debt. There has been no effort to coral the Federal reserve on printing more money. Congress continues to approve more debt. I don't even see a hint of forcing the government into a balanced budget.
The train is racing down hill, the engineer is back in the club car drinking with everyone else and the bridge is out. Very few are willing to tell the passengers the reality. Even if told, many of them would be too busy with their sports and everyday life to care, thinking the government will take care of it sometime. Just listen to the politicians promises of good times to come if they're elected.
Quote from: Possumpoint on April 23, 2015, 04:59:20 AM
Solar and Kroz I hope you're right and I'm wrong. IMO a change in leadership at top has little effect other then a change of color and tone. The problem lies in the Congress and over spending. Even St. Regan advocated deficit spending. The rate of that deficit accelerated under GWB and exploded with Obama, all with Republican control of the House.
An improved economy will not noticeably affect the deficit spending by the government. Yes, there will be an increase in tax revenue but past history indicates the it could be redirected towards pet projects rather than debt reduction and will will not noticeably reduce the accumulating debt. There has been no effort to coral the Federal reserve on printing more money. Congress continues to approve more debt. I don't even see a hint of forcing the government into a balanced budget.
The train is racing down hill, the engineer is back in the club car drinking with everyone else and the bridge is out. Very few are willing to tell the passengers the reality. Even if told, many of them would be too busy with their sports and everyday life to care, thinking the government will take care of it sometime. Just listen to the politicians promises of good times to come if they're elected.
You'd be correct if not for TEA, but consider the changes Reagan made, even with rino fighting him every step of the way, all because he had the faith of the nation backing him.
A Cruz Presidency would be much in the same, with less rino to fight him, in fact, they'd be nearly neutered by that time, and the Dim party will not have a voice.
The sleeping giant is awake and pissed off!
Quote from: Solar on April 23, 2015, 05:27:34 AM
Snip
The sleeping giant is awake and pissed off!
Awake, it's more like a hibernating bear having an itch on its back.
Quote from: Possumpoint on April 25, 2015, 08:32:49 AM
Awake, it's more like a hibernating bear having an itch on its back.
And he awoke extremely hungry and angry.
Oil at ten dollars? In a deep depression. Nobody gets it out of the ground for ten dollars.
I felt guilty in the silver topic discussing such things as the economy, but feel at home here in the oil topic. We cannot discuss the price of silver and oil without knowing what our illustrious political leaders are going to do. Even Obama can surprise us, he condemned the looters in Boston.
We all would want a return to a solid economy and a nation with integrity. But, I have to make a point that we cannot overlook. Clinton was re-elected after the nation discovered who he really was. What does that say about American society? But, it is far worse. Clinton was immoral, but what about Obama? He makes Willie look like a saint. (not Hillary though, she is far from a saint). When American found out who Obama was, they did not kick him out of office, but re-elected him. Now with Mexicans being given free passage and all the benefits that we cannot afford even without them flooding our schools and hospitals, the voting public has not changed for the better. After re-electing Obama, society reveals just how far removed it is from American principles. Homosexuality, abortion on demand paid for by the government, importing Muslims from the Middle East, but not Christians who are being raped, tortured, and murdered. I don't need to go over what has happened in the last six years, we all understand that America has been changed by a man who is far from being an American. Like his father before him, he hates what America was.
And, did not the Republicans help put our new unAmerican AG into office? Who is going to resign there membership in the Chamber of Commerce? Who even talks about it? I am hopeful, but not in what America has become. Cruze appears to be honest. That is a rare character seen in not only politics, but American society.
Quote from: Protestant on April 30, 2015, 11:34:04 PM
Oil at ten dollars? In a deep depression. Nobody gets it out of the ground for ten dollars.
I felt guilty in the silver topic discussing such things as the economy, but feel at home here in the oil topic. We cannot discuss the price of silver and oil without knowing what our illustrious political leaders are going to do. Even Obama can surprise us, he condemned the looters in Boston.
We all would want a return to a solid economy and a nation with integrity. But, I have to make a point that we cannot overlook. Clinton was re-elected after the nation discovered who he really was. What does that say about American society? But, it is far worse. Clinton was immoral, but what about Obama? He makes Willie look like a saint. (not Hillary though, she is far from a saint). When American found out who Obama was, they did not kick him out of office, but re-elected him. Now with Mexicans being given free passage and all the benefits that we cannot afford even without them flooding our schools and hospitals, the voting public has not changed for the better. After re-electing Obama, society reveals just how far removed it is from American principles. Homosexuality, abortion on demand paid for by the government, importing Muslims from the Middle East, but not Christians who are being raped, tortured, and murdered. I don't need to go over what has happened in the last six years, we all understand that America has been changed by a man who is far from being an American. Like his father before him, he hates what America was.
And, did not the Republicans help put our new unAmerican AG into office? Who is going to resign there membership in the Chamber of Commerce? Who even talks about it? I am hopeful, but not in what America has become. Cruze appears to be honest. That is a rare character seen in not only politics, but American society.
Hmm... You must live in the city.
Quote from: walkstall on May 01, 2015, 04:03:56 AM
Hmm... You must live in the city.
Good call. If I lived in the city, I wouldn't be alive today, I'd have offed myself long ago. :biggrin:
California. Maybe that's the problem?
Quote from: Protestant on May 01, 2015, 07:32:32 AM
California. Maybe that's the problem?
Same here, born and raised in Sacto., what used to be referred to as a cow town, though libs meant it as an insult, we saw it as an accomplishment.
The beginning of the end. Renewable energy is the future. Let's see what they do without their oil money.
Quote from: hobbsforever on May 01, 2015, 10:53:41 AM
The beginning of the end. Renewable energy is the future. Let's see what they do without their oil money.
Sorry, but unless you're talking about nuclear, renewable will never supply more than 30% of our needs.
Quote from: Solar on May 01, 2015, 11:28:30 AM
Sorry, but unless you're talking about nuclear, renewable will never supply more than 30% of our needs.
I don't think nuclear is considered 'renewable' in any case. As far as the true 'renewables,' including even biomass, 30% is, I think, a mighty optimistic estimate. Right now, solar and wind generation supply a tiny percentage of our electrical needs, and that's just a portion of our overall energy needs. Ethanol, the most visible biomass fuel, costs more energy to produce than it yields, and is considerably more expensive than the fossil-based fuel it's intended to replace.
Probably the worst drawback to classic renewables is the fact that they're not dependable -- they don't produce energy all the time, or even most of the time. When the wind doesn't blow, and when the sun doesn't shine.... In the case of hydro, the lack of rain is a plague (not enough flow), as is, in many cases, too much rain (not enough head).
Cave dwellers depended on the weather for energy. Civilization has been a direct result of humanity turning away from that dependency. Turning back to it will put us back in caves.
Quote from: TboneAgain on May 01, 2015, 11:50:53 AM
I don't think nuclear is considered 'renewable' in any case. As far as the true 'renewables,' including even biomass, 30% is, I think, a mighty optimistic estimate. Right now, solar and wind generation supply a tiny percentage of our electrical needs, and that's just a portion of our overall energy needs. Ethanol, the most visible biomass fuel, costs more energy to produce than it yields, and is considerably more expensive than the fossil-based fuel it's intended to replace.
Probably the worst drawback to classic renewables is the fact that they're not dependable -- they don't produce energy all the time, or even most of the time. When the wind doesn't blow, and when the sun doesn't shine.... In the case of hydro, the lack of rain is a plague (not enough flow), as is, in many cases, too much rain (not enough head).
Cave dwellers depended on the weather for energy. Civilization has been a direct result of humanity turning away from that dependency. Turning back to it will put us back in caves.
I didn't see a need to expand on the issue, when someone as brainwashed as this kid obviously is, that nothing short of serious education is going to open his eyes. In short, he's been indoctrinated by Marxists.
But to expatiate on what I meant by this, is that the left wants to figure out a way to incorporate "nuclear" as a renewable, just as they have usurped hydro into the mix to bolster their numbers, despite the fact they've blocked any new dams from being built..
They'd rather kill off millions of migrating birds with ground based Cuisinarts than to fill a dry gorge with water "slowly", giving the critters in the area a chance to vacate, killing nothing, and leaving behind a much needed source of fresh drinking water as well as a new habitat for a myriad of specie.
The 30% number comes from the idea if the govt were to mandate we all go solar, wind, and biomass, the best they could hope to accomplish would be 30% of our needed usage.
I don't care what these Utopian idiots want, there just isn't any way to replace oil.
Oh, and biomass pollutes just as much as oil derivatives, so that's another bull shit claim by the leftists.
Quote from: hobbsforever on May 01, 2015, 10:53:41 AM
The beginning of the end. Renewable energy is the future. Let's see what they do without their oil money.
ONLY for people that's willing to live off the grid. For city people they would be in very deep dodo in no time at all.
Quote from: walkstall on May 01, 2015, 04:05:21 PM
ONLY for people that's willing to live off the grid. For city people they would be in very deep dodo in no time at all.
Living off grid ain't for city kids, that''s for sure.
Quote from: Solar on May 01, 2015, 04:54:11 PM
Living off grid ain't for city kids, that''s for sure.
Well living with out oil will scare the hell out of them. :lol:
Quote from: walkstall on May 01, 2015, 04:56:27 PM
Well living with out oil will scare the hell out of them. :lol:
:biggrin:
Idiot libs have no clue they are doing the work for the Marxists, they actually think if the US cut it's use of oil, while the rest of the world increases it's consumption.
That we would somehow magically keep industry flowing, that electricity will still be "relatively" cheap, and that they can still afford cheap food in abundance.
Kill oil, and force the US to go Green, and they'll be wondering what happened, and why the entire nation went on welfare.
Exactly what the Marxist ordered.
Quote from: Solar on May 01, 2015, 05:13:15 PM
:biggrin:
Idiot libs have no clue they are doing the work for the Marxists, they actually think if the US cut it's use of oil, while the rest of the world increases it's consumption.
That we would somehow magically keep industry flowing, that electricity will still be "relatively" cheap, and that they can still afford cheap food in abundance.
Kill oil, and force the US to go Green, and they'll be wondering what happened, and why the entire nation went on welfare.
Exactly what the Marxist ordered.
And they think Brown outs or rolling Brown outs are bad. They will come unglued when they have blackouts. :lol: No oil = no gas = no generator output. Propane and propane generators will go sky high. But then Propane is not a renewable energy.
Would suck to be a petro-socialist oil state, too bad Norway is a capitalist modern economy :laugh: We ain't even feel'in it here, except for the oil workers though, many have lost their jobs the last year. And many who have taken oil sector job education are now without employment. But this is a good thing overall.
For example an oil sector cleaning job pays more $130,000 a year thanks to the national union organization, three years ago the national union threatened to shut down the entire oil industry if every oil rig worker didn't get their own bed as it is very uncomfortable to have rotating bed system between shifts. The industry was imploding under ridiculous high oil prices, and the rest of the country suffers for it from increased food prices, energy prices and inflation.
If the price of oil gets down to $10 a barrel it will be the best development to happen for Norway, and ironically it will save the oil sector from itself. Of course it will be very bad for the socialists, since they can't bribe themselves votes at the same level anymore.
Quote from: Mountainshield on May 07, 2015, 12:00:03 AM
Would suck to be a petro-socialist oil state, too bad Norway is a capitalist modern economy :laugh: We ain't even feel'in it here, except for the oil workers though, many have lost their jobs the last year. And many who have taken oil sector job education are now without employment. But this is a good thing overall.
For example an oil sector cleaning job pays more $130,000 a year thanks to the national union organization, three years ago the national union threatened to shut down the entire oil industry if every oil rig worker didn't get their own bed as it is very uncomfortable to have rotating bed system between shifts. The industry was imploding under ridiculous high oil prices, and the rest of the country suffers for it from increased food prices, energy prices and inflation.
If the price of oil gets down to $10 a barrel it will be the best development to happen for Norway, and ironically it will save the oil sector from itself. Of course it will be very bad for the socialists, since they can't bribe themselves votes at the same level anymore.
Seems to me that if oil were to drop that low (it won't) it would be nothing but bad for you. The union-supported wages and benefits won't go away just because the bottom falls out of the market that supported them in the first place.
Quote from: TboneAgain on May 07, 2015, 12:25:11 AM
Seems to me that if oil were to drop that low (it won't) it would be nothing but bad for you. The union-supported wages and benefits won't go away just because the bottom falls out of the market that supported them in the first place.
No work, no employees, no employees, no Union?
No Union means they have no leverage, but unlike here, I doubt they'll ever bust the Union.
But one can dream, can't he? :biggrin:
Quote from: Possumpoint on April 22, 2015, 03:23:26 PM
I think that you are under an illusion that any member or members of the two major parties in this country has the political will and wherewithal to achieve meaningful change in the financial future of this country. I don't care if they are conservatives or members of the tea party or what. Once Nixon took us off the gold standard the fate of this country's economy was sealed. No major economy has ever survived that action.
Once politicians and/or central banks are allowed to print fiat money the die is cast. We'll be okay till investors start to feel we can't pay our debts. Once that happens and it is just starting, inflation will rise its ugly head. Our national debt cannot survive with interest rate increases. We already borrow to pay the bills. Borrowing to pay the interests is financial death.
We are past the point where meaningful action by this country's leaders will have any significance. Actions needed to correct the situation would be so drastic that they are politically unacceptable and would be blocked by the voters. There is no will to eliminate the Federal Reserve or return to the gold standard. Rising taxes, eliminating fat and fluff, dropping SS, Medicare and welfare dependents would not pass Congress. We'll ride this runaway train till it jumps the track. Protect yourself as best as you can.
I think my prophetic post above says it all, don't you?
Quote from: Solar on January 12, 2015, 07:47:38 AM
Yes and no. Energy is what economies run on, the life blood of all manufacturing, but if there is no Mkt demand for products, there is no drive for production, so the price of oil will continue to fall.
I do not expect to see a global recovery until after 2016, when the world will breathe a sigh of relief that adults are once again in charge of the American economy..
The only reason we're in a global recession/depression, is all due to crony capitalists and the Marxist in the WH.
We are still setting up for the perfect storm for Conservatism's return to dominance.
Why is gas gone up to over $3 a gallon!!!!!!!!!!
:cursing:
Quote from: Sick Of Silence on May 03, 2019, 09:26:19 AM
Why is gas gone up to over $3 a gallon!!!!!!!!!!
:cursing:
Winter to summer blend for the most part, unless you live in Ca, where we now pay 50 cents tax on every gallon.
Quote from: Solar on May 03, 2019, 10:47:51 AM
Winter to summer blend for the most part, unless you live in Ca, where we now pay 50 cents tax on every gallon.
I apologise for perhaps not paying attention, and perhaps hijacking the topic.
But would not YOUR California be far better of seceding ?
(I live in tiny Massachusetts, where every municipality is infested, and we never think of such things.)
Quote from: Rotwang on May 04, 2019, 01:50:33 PM
I apologise for perhaps not paying attention, and perhaps hijacking the topic.
But would not YOUR California be far better of seceding ?
(I live in tiny Massachusetts, where every municipality is infested, and we never think of such things.)
We're in the process.
http://soj51.org/
Quote from: Solar on January 12, 2015, 06:45:56 AM
It appears that OPEC thinks the faster they push the barrel lower, the sooner it will recover.
They are under the illusion they have control over world oil prices and have the ability to wait out an American collapse in production.
I say their play is suicide, or the last desperate move of a dying entity, or in the least, one huge bluff.
http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html (http://www.bloomberg.com/news/2015-01-09/why-opec-is-talking-oil-down-not-up-after-48-selloff.html)
American oil production is back. We do not depend on them. Arabs can be crushed now. I remember the Carter gas lines. That's one thing Trump has done: We are "energy independent". Good on him, too. No president since Carter fixed that, but Trump did.
Quote from: MRogersNhood on December 08, 2019, 11:27:15 PM
American oil production is back. We do not depend on them. Arabs can be crushed now. I remember the Carter gas lines. That's one thing Trump has done: We are "energy independent". Good on him, too. No president since Carter fixed that, but Trump did.
Why are you going back 1 to 5 years and bring up old post?
Quote from: walkstall on December 09, 2019, 05:13:23 AM
Why are you going back 1 to 5 years and bring up old post?
I'm guessing someone has waaaay too much time on their hands.