oil price drop!---Coincedence,or Cause and Effect?

[Windogg]

<< your not thinking along the right lines. clinton is in no way mentaly qualified to conceive of a conspiracy on any level, rather think of him as a puppet, a puppet of the chinese, a figuerhead used by the chinese to influence american culture from the very top of the goverment. there mission is to weaken our goverment by stealing stratigic military information and developing weapons of mass destruction in conjunction with iraq and sevral other middel eastern conserns. face fellas the US is not the most popular country in the world and right now we have pissed off enough countries with our intrusive forign policies that thire all ganging up against us. you may not belive me now but 5 billion chinese can't be wrong...especialy when thire invading our boarders.
. >>

You got me there Big. Me and every Chinese person wouldwide is hiding 2 more of us under the desk. The 1.5 billion number is just number to fool stupid Yankees. Besides the fact you can't contruct a coherent sentence, you are obviously stuck in a bad 80's kill the commie movie or are you.... perhaps me and the rest of the Red Chinese hoard are ready to make flied lice out of you. Sime to sit down take the nice blue pills the nurse brings at 9PM to keep the voices in your head down.

Windogg

 

[bigvince]

geez! ya make one oddball comment and nobody trust you!


NAKA, point taken....

 

[bigvince]

geez! ya make one oddball comment and nobody wants to trust you!


NAKA, point taken....

 

[Tripleshot]

ElFenix

You are right about shoneys. When you come back through,look me up and I'll take you out for some good food.Eating and golf is the only vice in St. George.

You are right.I am equating the highest price(that impacts our gas pumps immediatly) to todays lower price(which may impact it 3 months from now).

You method of equating the price of North sea and opec with 1 gig inel or Amd doesn't mean a thing. If its gas,its gas.If I want 1 gig of cpu,Ill take the lower priced AMD if my puter works just as well as the higher priced Intel.

I'm easy. The point is,The prices have begun to come down and it did not happen until last week(the first drop when Al Gore threatened to do something if he was elected). I just watched the secretary of OPEC state he thinks its time to rethink the policy on oil prices since they now see potential compitition. (I believe thats he was refering to Venzuela and Mexico ,I need to watch it again)

 

[Tripleshot]

Big vince,

<<that use to be my sig but i'm a senior member now and i don't know what to say... >>







How about good-by?

 

[ElFenix]

the leader of OPEC right now is venezuela. if they keep prices too high, other production will eventually come on-line. thats how the north slope and north sea got started. colombia is that way too (frequent earth quakes break drills). there are plenty of known oil deposits in the US that are just too expensive to drill right now. (the US has either the second or third largest reserves of oil, behind saudis and maybe russia).

theres still a problem with that math. a barrel of US crude is better quality oil than the Brent crude, so you can get more gas, motor oil, and other higher price derivatives than out of the Brent. still, $6 in a week is nothing to sneeze at, i agree. i just doubt that two days supply is the cause of a 15% drop.

 

[bigvince]

you guys are so funny! LOL

 

[ElFenix]

you're the one that says commie china will invade with the UN powder blue helmets and enslave us all.

 

[etech]

Of course if we had a President/administration that wasn't lurking in the back halls of the White House or busy going to Chinese fund raisers errr luncheons and had done something about a comprehensive U.S. energy policy in the last eight years they would not have to be releasing oil from the strategic energy reserve in the first place. Or is this just another way for the Democrats to create a crisis so they can do something which is mostly worthless to Americans but the liberal press will blow up into the &quot;Saving of America&quot; so Gore can be elected.

Check out what percent of utilization US refinerys are already running at just for fun.

 

[DRGrim]

The only way to solve the oil chrisis: Everyone stop driving SUV's!

 

[Ornery]

Hah! You call that a coincidence? Now THIS is a coincidence! :|

And even if that spit in the ocean made a tit of difference, it won't amount to even pennies in your wallet. Asshole Clinton had a chance to sign off on ending the marriage penalty and he vetoed it! :| He could have ended the Estate Tax, but vetoed it! :|

These are bills that I assume Gore would have vetoed too. These were issues that could have put REAL money back in real taxpayer's pockets for years to come! And there is NO doubt about that!

And &quot;the results&quot; that so impressive to you is a possible temporary price reduction at the pumps? And even that is dubious! Typical Democrat getting sucked in by being thrown a small bone...

 

[Tripleshot]

Ornery

What other legislation was tacked on to those bills that got vetoed? Seems to me,Republican congressman tried to tie in some pet project legislation to the bills and that is what dragged the good legislation down. Might have passed if the frigging Republicans had given the President the &quot;LINE ITEM VETO&quot;!

No one is purporting this action to be anything other than what it is. It is a wake up call to opec that the US has the werewithall to take care of itself with it's own oil rather than continue to pay high prices at the dictate of the Puke Bush failed to get rid of when he had the chance. The only ones who read something else into it are you paranoid right wing extremest sheeple that bite at every scrap the right wing spin doctors throw to you. Get a life.

You really make me laugh.

 

[AndrewR]

Ok, here's the real cause of the stock market crash of 1987:
Henry James Faragalli, Jr., is disciplined by the SEC

Just THREE days after the SEC ruled for censure and disciplinary action of Mr. Faragalli for unethical trading practices, the stock market dropped 22.6%. Coincidence or cause and effect? You decide!

Here is a nice article on the folly and dangers of the government trying to affect the price of any commodity: Economists' views

Notice the part in there about &quot;short term effect&quot;? The only practical effect of a release of such reserves will be for political gain for Gore. Nice.



<< He hasn't hurt the SPR one damn bit. >>


That's not the point. The purpose of the SPR is not to help your political friends as long as it doesn't hurt the baseline ability of the SPR to act as emergency reserve. The purpose is strategic (there was a reason I put that in bold in my first post), and that strategy has NOTHING to do with the election -- contrary to what the administration feels.


<< ...of the Puke Bush failed to get rid of when he had the chance >>


Explain further -- I'm hoping you really mean what I think you do.

 

[Tripleshot]

Andy,
The Puke I refer to is Saddam. The Bush I refer to is Papa(Of whom I have tremendous respect for)not the wanna be son. Gawd, I wish we had better choices this year for a President.


Oh wait,How bout Paulson for President? Maybe a write in candidate on the N.E.F. ticket?

 

[Ornery]

The GOP gave the president the line item veto. The Supreme Court took it away, oh clueless one.


Edit: ...and I ain't laughing, I'm wondering why I waste my time...

 

[Tripleshot]

Ornery

Does that somehow negate the solution you wanted? He still didn't have the line item veto to rid the bill of the legislation that the republicans tacked on to it. I am for ending the marriage penalty. I am for the removal of the death tax. I don't know of any Dem that isn't,including Clinton AND Gore. When the legislation was vetoed, Clinton told the public why. You don't listen so I don't give a sh!t.


Your friggin little link about the support you give to Saddam and Maloscevik I'm sure pisses off a few more vets than me,You scumbag.WE still have troops in tose countries serving for your best intrest. Maybe you should go to Bagdad,you pond scum Commie!!!:|:|:|

 

[Ornery]

&quot;...legislation that the republicans tacked on to it.&quot; No such thing, TripleClueless!

 

[DABANSHEE]

You know this 'oil crisis' would dissappear overnight if the sanctions against Iraq were reppealed. Afterall all that the sanctions are doing is making Saddam &amp; all his relatives quite literally billionaires from all the smuggling operations they have monopolies on, plus giving Iraq one of the highest child mortality rates in the world, because medicines are so expensive most parents can't afford them (even if one is hospilised one must supply all ones medications).

 

[etech]

Tripleshot, where is the energy policy that would have prevented Clinton from dipping into the stratigic reserves.

Are you so dense that you really believe this statement?

<< It is a wake up call to opec that the US has the werewithall to take care of itself with it's own oil >>


Opec news release


Do you think US oil reserves will increase or decrease under Gore and why?

edit, forgot one
What was the coalition mandate during the Gulf War? Was it to invade Iraq or to free Kuwait. What would of been the effects to and from the Middle East if the US had led an invasion of Iraq?
Do you seriously think that Clinton could of put together the coalition that Bush did?

 

[DanC]

You actually BELIEVE this drivel?????

Those are Strategic Oil reserves... to be used in the instance of National emergency. So the price of gas is up, NOT A NATIONAL EMERGENCY -

A political ploy, nothing else.

1 million barrels of oil is a little over 1 hour of what the U.S. uses per day -
Utterly insignificant. Political ploy.

Like Socialism? ME TOO! Vote for the man who invented the internet. yuk-yuk.

 

[Zucchini]

Hm where is that stat from? Is it a million barrels a day for gasoline, or a million dollars a day for home heating oil.. i'm sure one uses less barrels then the other you know. Anyhow, stop with the internet cracks, the man had vision and supported the net very very early on. It doesn't sound as absurd once u know the whole story.

 

[Tripleshot]

etech

What is that link? A threat from opec? As I read it ,the secreatary is telling other countries NOT to fvck with OPEC.They will set prices to entice exploration and make it worthwhile to thier investors. They have priced themselves out of the market.
I am for opening every godamn oil well from Texas to Alaska before I would support that kind of B.S. Fvck OPEC.

What the hell are you talking about with Saddam? IF Iraq wants sanctions lifted,get rid of that lunatic that envades his neighbors,kills his own people with poison gas,and then sets fire to all the oilfields of Kuwait. You pussy's:|

If its a ploy, so be it. I'm sick and tired of hearing you stupid mofos clamering about energy policy. You didn't think a thing about energy policy until last week. Hell,none of you thought a damn thing about energy policyat all as you continue to fill your gas tanks and empty your wallets to the oil companies.

Oil production in the US at full capcity?

This country has enjoyed the biggest economic boon in 30 years. Why the hell hasn't Standard Oil,Exxon,BP and the rest INCREASED there capacity in this boom time----BEFORE there is more oil than the ability to convert it to gas and plastic? One more reason for government control of our resources. The godamn private sector was too busy sipping pina colatas and mai tais to concern themselves with increasing capacity. Hell no,It's not in thier best interest. Its called &quot;Creating a shortage to boost profits&quot; Those are the profits that fund the GOP and Bush/Cheney ticket. Hell,they're both oil men! You vote them in and you'll pay $3.00/Gal next year!
Why don't you people pull your head out and stand up for what is right.
You don't want Clinton,FINE,He's history in 4 months . But don't be so stupid as to feed the fox that is eating your chickens. Your disdain for Clinton should have nothing to do with Gore. Thats just assanine.

My vote goes to the man who takes care of the people he is steward over. Bush looks like a thief to me. He damn sure won't get my vote!

 

[JellyBaby]

AndrewR, I believe, had it right:

<< It's good to know that Clinton will sacrifice a strategic reserve for an election year gain for his buddy. I wouldn't be surprised to find out that the administration knew of the upcoming fall of prices before making their decision to release the reserve so people with little understanding of world economics would assume that the little gesture actually had an impact. >>

Next issue!

 

[JellyBaby]

<< You know this 'oil crisis' would dissappear overnight if the sanctions against Iraq were reppealed. Afterall all that the sanctions are doing is making Saddam &amp; all his relatives quite literally billionaires from all the smuggling... >>

Sadly, DABANSHEE, is correct. The US mainstream media has never bothered to report on Iraq's smuggling operations. I friggin' first heard about it on the 700 Club (which I enjoy watching until it's prayer or solicitation time, then I change channels). Clinton's had time to pull out of Iraq, he hasn't. Doubt Gore or Bush will either but I believe it's a valid choice for Harry Browne.

 

[Tripleshot]

JellyBaby

Speculation and wishful thinking. What makes you think Clinton is that smart? And if it was a ploy,why did the opec secretary respond the way he did?


Who is playing who here?


And judging from the reponses here,It doesn't get much poltical mileage(pun intended) for Gore,does it?

I asked initally do you think the oil price drop was coincedence or cause and effect. I think we have an answer.