Difference between oil scare of 70's, 80's and now

Quote from eagle:

In the past there was no possible solution such as alternative energies, the governments alone were forced to find the solution. But now the governments seem to let it flies on its own fate with little intervention and hope the market will fix itself. China has shown some intervention by increase price significantly in the hope that it will reduce the consumption and the result will benefit everybody in the long run.
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this matter of disgust has been boiled, baked, cooked, filet'd, saute'd and served up on so many threads that we're all tired of talking about how much disgust we have and contempt for Bush-II for not doing anything....

anything....

what leadership...
what mission accomplished....
what conservatism.....
what an administration....
 
The difference is that the embargo was voluntary on OPEC's behalf with a 15 mbpd extra capacity. Today's peaking is "mandatory" and very little, like 1-1.5 mbpd extra capacity left...

Oh yes, back then oil only peaked in the US, now it is peaking worldwide...
 
Quote from hoodooman:

After the oil embargo, the japanese began making even smaller cars and the speed limit went down to 55mph. If you went faster than that, the people you passed would honk their horns at you. I traded my two american cars for two japanese one.

I would clock over 50 miles per gallon on my toyota tercel and that was up from 8 mpg. The honda civic did even better acccording to the internet but I didn't own one. I never bought another full size car again.

We were on our way to energy conservation. They even installed solar panels on the roof of the white house.

Then they elected Ronald Reagan and the first thing he did was take down the solar panels, raise the speed limit and reduce car miliage. Hurray for the "six greatest president history" or so I was told the other day.

Frankly, I don't care if gas goes to 20 dollars a gallon or even higher, if it will make way for some honesty and integrity in the United States Government. [/QUOTE

Back around 1990, my mother owned a GEO METRO that got over 60 miles per gallon! Almost 20 years later and anything close to 1/2 that is considered phenomenal. Doesn't make any sense.
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Quote from RhinoGG:

one word; internet.

we continue to www our way to pants-shitting hysteria. 70's & 80's had no "oildrum.com", "lifeafterthecrash", etc... Perhaps a few freakish newsletter on the fringe back then, but nothing near the kind of alarmists we have today. oil to $500 in 10minutes.
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No....difference today is CHINA & INDIA. :)
 
this matter of disgust has been boiled, baked, cooked, filet'd, saute'd and served up on so many threads that we're all tired of talking about how much disgust we have and contempt for Bush-II for not doing anything....

anything....

what leadership...
what mission accomplished....
what conservatism.....
what an administration....
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I don't like John McCain as a president because I think he is a very socialist burocrat, But..


First of all, John McCain is Not George w Bush... McCain has never been an isolationist, he isn’t very good at sticking to orthodoxies and he is a TRUE war hero!.

second.. Oil crisis Is NOT Bush fault, In fact, Bill Clinton Was the one who renewed china trade privileges.
http://www-tech.mit.edu/V114/N27/china.27w.html

Just in the 2 first Q4 just between china and india 77 million cars were sold!!!.. YOU NEED OIL EVEN TO BUILD A LIPSTICK!!!!!!!!, CHINA IS AS LARGE AS US AND 70% OF THEIR TERRITORY DONT EVEN HAVE ROADS!!! They are buying Iron, Coal, OIL, titanium, alimmium, grains, alloy etc LIKE CRAZY!!!!!!.. IM am a Physical Trader right now, and let me tel you something, We are Not making money right now because we are in a "basis contango" in grains, oil and most metals...

Bill Clinton WAS THE ONE who signed the H.R. 4655 into law in 1997 or 1998, which instituted a policy of "regime change" against Iraq, Did you forget the "Operation Desert Fox"???..

During Clinton years we got 8 terrorist attacks, And when 911 happen bush was in office just for 9 month... Since 2001 We haven't had one attack.

You want Obama right?... let me tell you one thing, verytime you hear a bureaucrat talks about "hope" without fundamentals solution usually end in a disaster!!.. Hitler used to be "articulate", even Mao and Fidel and Lenin And Marx..

At least washington, adams, lincoln, kennedy, reagan, thacher and churchill had a rhetoric against government itself.

McCain Is NOT Bush and Obama is NOT Kennedy...

gaspricesbk1.jpg
 
no,

not participating in some political debate...

but for all his boasting and claims, we as citizens are paying a huge cost under all this touted leadership and double dealing....

during the last 8 years we have gone far lower and worse than America has ever been even during, before and after the depression era, and previous depression era(s)

to have allowed this so called energy crisis to continue and get worse is proof, of all this vaunted leadership....

what a mess, and its trying to establish these prices as if there is nothing that can be done about it, and get used to it, and its here to stay and its only going higher and on and on an on...

wonder what will happen when (no matter who wins in 2008/2009) their (oil companies) loose their pipelines to the Whitehouse?...

look else where to someone else... (like your blaming Clinton era deeds),

blame someone else before these Oil-crats and Buera-crats took over in 200/2001....

point is, even under Bush-I, Reagan, Carter, Ford, Nixon, Kennedy, there was an America first policy from the economic perspective and especially as deals with energy, fuel and transportation, which is what we as a country are based upon.

now,
1) flying and airline priviliges will be the domain of the rich, and not the common citizen

2) driving to / from school, grocery, church, work, suburbs, home, recreation will return to a priviledge of the rich and not the common citizen

3) a we can-not-do spirit is so prevelent instead of our previous we can-do spirit

4) a hopelessness grip regarding being able to unwind these artificial oil prices continues...

----

what leadership...
what an administration, as regards domestic economic policies...

we will just continue to watch other airline and other transportation industries unwind and no longer be their former selves....

----

oh, Russia offered to neutralize the bases in China, and considered its ability to wage war would be exhausted, so they (according to the documentry and their supposedly unofficial sources, that sounded like official sources) asked representatives of the US (in a foreign capacity) what would they do?, in reference to helping them team up against China in a takeover war...

China on the otherhand realized the strained relationship between them and their Communist commrades in Russia and realized that they weren't going to continue in the same manner and feared a pre-emptive strike against them, so their oldest leaders said they should send overatures to the Americans so that the Russians would not think they stood alone...

Meantime in America, there was this high ranking Republican who kept soliciting others in power including Nixon to befriend the worls's largest standing military power and populace becase of their sheer size, both in military, future commercial needs and such...

from those events were the historic trips made by Nixon to China and the (so called) openning of the Red Curtain in China...

ohh, from their perspective, the Chinese, they always felt America as friends as they were the only ones (save for Britain and their Commonwealth) that came to their aide during WWII when they were under seige from Japanese expansion and war. The Flying Tigers, Jimmy Doolittle Raiders, and other war time assistance made lasting friendships and admiration, from both the Nationalists, which became Taiwan, and from mainland China itself, all contributed to their respect and seeking aide from the US in their transitions to modern times... which continues, even until today...

those lessons (global politics and such) set the stage for a number of events we see today, both good, bad and indifferent.....

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Quote from rubibond007:


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oh, those (supposedly) top ten, combined,

wonder if their combined roads, economies and other metrics even come close to the amount of road space and commerce in just California, Texas, Alaska and (pick any other state here), let alone in comarison to how develped things are throughout the entire US.

to suggest somehow that the US should, could, would tolerate these high "at the pump prices", is what jealousy, frustration, justification?

wonder how long each of the other country's oil consumption can continue subsidized without breaking their nation's treasury's or their citizens revolting further over these increases?

wonder if other country's would continue their rampant demand and usage if they were paying market prices and above (through continued artificial manipulation, as is being done in the US) if their "prices at the pump" were not subsidized?

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a few suggestions or conclusions might be...

the bubble would burst,

and / or the oil industry would not be allowed to dominate and deconstruct so many and so much, as it has done during the last 8 years under Bush-II...
 
let me guess.. you are europeans??
IF the OIl goes euro, you guys will die faster!.. did you know that?.. can you use your "don't work hard" socialisct brain???


No wonder why Sarkozy is having very hard time even with on TV ads!!... OHHH yes that's a democracy! righ!!
 
Quote from rubibond007:

let me guess.. you are europeans??
IF the OIl goes euro, you guys will die faster!.. did you know that?.. can you use your "don't work hard" socialisct brain???


No wonder why Sarkozy is having very hard time even with on TV ads!!... OHHH yes that's a democracy! righ!!
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actually, I got that impression from your comments that you were not American but European of some background. But let me stop this here, because intelligent conversations are not supposed to be personal or personal affronts (attacks).

frankly, not sure who sarkozy is, or what that has to do with prices at the pump in the US.

frankly, not sure what or why "socialism" is relevant to this "economic" discusscion thread...

not sure what your thesis was, but it might be worth reading in another thread, where its better explained...
 
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