Oil over $51 Barrel - Need for Refineries
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oil is priced in whatever hard currency you want to hand over for a barrel of it. don't know who started the "oil in euros" conspiracy theory, but it's crap, oil producers have always been willing to accept any readily-convertible liquid currency for their product. that most oil is sold for dollars shouldn't surprise anybody since the US is the largest importer of oil. that non-US oil purchasers might use dollars from time to time should also not be a surprise since the US is also the larget net exporter of US currency (eg has really big trade imbalance).
but there has never been a requirement to pay in dollars or to price in dollars or anything along those lines. i'm guessing this latest "theory" is the replacement for the "western civ is ending because of the JPM gold carry trade" theory of 18 months ago since that one is so obviously no longer tenable.
but there has never been a requirement to pay in dollars or to price in dollars or anything along those lines. i'm guessing this latest "theory" is the replacement for the "western civ is ending because of the JPM gold carry trade" theory of 18 months ago since that one is so obviously no longer tenable.
nuhhhh no worries mate
Saudis said to boost oil output
No. 1 oil exporter will reportedly increase production before election in effort to help Bush.
April 19, 2004: 7:09 AM EDT
The ambassador said Saudi Arabia would like to see the price of oil, which now tops $33 a barrel, to be between $22 and $28 a barrel.
http://money.cnn.com/2004/04/19/news/international/election_saudi/index.htm?cnn=yes
Not at all, regarding "command & control" but it sure bothers me to see people waste resources that others fight for and sometimes die because of it.
Just because a person/country has the funds (at the moment) to buy, and in many cases waste energy, should not give them the right to pollute as they wish nor waste precious resources of future generations who will then have to fight for it even more.
As far as taxing fuels more, if it's done in an orderly/non shocking way, it will eventuall result in conservation.
Another example of wasteful energy is the public school system.
These people crank the air condition in the summer to the point you have to wear a sweater inside the building while it may be 100 outside. In the winter, the opposite scenario happens and you walk around in a Tshirt while its freezing outside and the heating systems are cranking away more fuel.
I've seen this on East Coast schools and West Coast schools for 20 years!
Then they turn around and ask for more money. Just a very wasteful society, that's the problem.
Just because a person/country has the funds (at the moment) to buy, and in many cases waste energy, should not give them the right to pollute as they wish nor waste precious resources of future generations who will then have to fight for it even more.
As far as taxing fuels more, if it's done in an orderly/non shocking way, it will eventuall result in conservation.
Another example of wasteful energy is the public school system.
These people crank the air condition in the summer to the point you have to wear a sweater inside the building while it may be 100 outside. In the winter, the opposite scenario happens and you walk around in a Tshirt while its freezing outside and the heating systems are cranking away more fuel.
I've seen this on East Coast schools and West Coast schools for 20 years!
Then they turn around and ask for more money. Just a very wasteful society, that's the problem.
Index,
I couldn't agree more with your comment about the schools, & a very wasteful society. I find that retailers, & most home owners do the same. Although the latter two are footing their own bill, they are contributing GREATLY to increased costs as we keep progressing. Bone chilling in the summer, & an arid feeling in the winter.
In a society that purports, & appears to have abundance, & excess in some areas, there are many where we are lacking!!
May your day have been Well!
God Bless You! Kelly
I don't give a shit what europe drives. Europe is a basket case polictically, morally, and economically. The reason gas is so expensive there is only due to their bloodsucking goverments taxing fuel so much.
In 3 generations we will not use oil for energy. We will develop cold fusion along with anti gravity technology that will solve our energy problems once and for all.
Why do you think the Arabs pump as much oil as they do?? Don't you realize that if they thought we would always use oil they would cut production way back?? They want to sell it while people still need it.
John
In 3 generations we will not use oil for energy. We will develop cold fusion along with anti gravity technology that will solve our energy problems once and for all.
Why do you think the Arabs pump as much oil as they do?? Don't you realize that if they thought we would always use oil they would cut production way back?? They want to sell it while people still need it.
John
so your opinion focuses on the politicalization of oil prices relative to gasoline and how that touches everyone's pocket.
they say in Econ 9101 (Grad level) that we vote everytime we spend our resouirces to consume goods.
it would appear that the higher the price rises the worse the vote of no confidence in those whom raised the price upon us; as if to punish us all for not allowing drilling in the Artic Wildlife region of Alaska.
there does seem to be basis behind the suspision that the control over anti-polution additives have contributed some $.20 or more per gallon to this artificially contrived TAX INCREASE on us all.....
how's that: "give tax breaks with one hand, take back with the other"?
very good observation
how did we miss this essential component?
you're partially right here, as it (oil / barrell prices) are a world commoditiy, similar to the US Dollar, similar to Gold, similar to Wheat prices...
it is wholely logical that as the USD has fallen in a constructed pattern, that the pricing of other commodities has remained constant...
this still represents a huge tax increase upon the US populace whether or not they received the tax reductions or not.
as usually, the poor pay and the others party!