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

[etech]

Tripleshot,
You ignored a few questions. I'll try and help you out.

1) 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.
The only mandate the coalition had was to free Kuwait. The full-scale invasion of Iraq that you called for earlier would have led to very high causulties on both sides, a breakdown of the coaliton and very likely a sift in Arab sentiment to backing Sadam.
Are you saying the U.S. should be in the business of picking leaders of other countries for them?
2)Do you think US oil reserves will increase or decrease under Gore and why?
I's still like to see your response to this question.


"I am for opening every godamn oil well from Texas to Alaska before I would support that kind of B.S. Fvck OPEC."
"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 policy at all as you continue to fill your gas tanks and empty your wallets to the oil companies."
Where were you two years ago when the price of oil was $10 a barrel and stripper wells were being shut in right and left because it cost more to operate them then to pour concrete down the hole. Many people have the mistaken impression that you can just "turn an oil well on and off", they don't work that way. Do you know how long it takes to drill an oil well and put it into production or how many stripper wells once shut in will never be put back into prodution. But hey, Clinton was enjoying the great econonomy that cheap energy was helping with. They never considered that when oil was too cheap too drill for that we were becoming dependant on Opec.
That's why we need an energy policy. The oil business has been cyclic for many years. Without stable prices it has historically gone through a boom and bust cycle.

"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?
While the rest of the country has been enjoing an economic boom, the oil and gas companies have been downsizing, restricting capital budgets, doing less research and drilling. When oil is $10 a barrel there is very little finincial incentive to drill.

"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 "Creating a shortage to boost profits"
Are we in the same country? Clinton closed the coal reserves. Gore has called for even tighter restrictions on drilling in the U.S. They have shown no foresight in assistance via tax breaks or incentives for even the smallest of producers. Your conspiracy plots are idiotic and do not deserve a response.

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."

I would rather have someone in office that understands energy and its importance to the US then Gore who is obviously clueless and uninformed about the subject. Your ranting is also obviously from someone who does not understand anything about the subject. Gore is even worse then Clinton when it comes to energy polices. The chances are much higher that under Gore's restrictions on drilling and environmental policies that the price of gas would be higher then under Bush/Cheney.

FWIW, I am closely connected to the oil business as I have worked for one for the last 20 years. Believe me the profits the oil companies have been making the last 10 years have not been excessive. The company I work for has less then half the employees it did in 1980. It's stock has trailed the S&P500 many of those years. I have been quite aware of the lack of this administrtions energy policy.
It is only the ignorant and uninformed that still suscribe to the conspricy theories that you are spouting.

 

[DABANSHEE]

"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"

Ah Triplshot, do you know what the definition of insanity is? Doing the same thing over & over, yet expecting different results.........Those sanction are making absolutely no effect on Saddam's power base & they never will, except for the fact that those Sanctions are turning Saddam & his cronies into billionaires, because they have a monopoly on all the smuggling/sanction busting going on in Iraq. Fact is Saddam's is no closer to loosing power than he has ever been. But they are having an effect on the oil supply - the fact is that OPEQ is squeezing the world oil supply less than those sanctions are. So this 'oil crisis' would end overnight if those sanctions were reppealed.

 

[Tominator]

Tripleshot

Even though Clinton most assurdly would use it against them, the Republicans DID give him the Line Item Veto....the Courts struk it down as Unconstitutional.

The amount relesed was miniscule. It was released to solidify the vote in the northeast so Gore could spend his tim in the midwest.

 

[JellyBaby]

Tripleshot,

Clinton's legacy to us was releasing a trickle's worth of crude from our reserves. There was no pressing reason to do so, other than to put a golden halo around Clinton and Gore's bloated heads. Oil prices aren't stifflingly high yet. There is no national emergency. OPEC couldn't care less if we depleted all our reserves (but they'd be happy to refill our tanks, for an inflated fee of course).

This smells of politics. Clinton's done a few good things while in office but never could achieve that legacy the Washington reporters say he's dying to have. This was it.

 

[etech]

SPR
"The bidding procedures at the U.S. Department of Energy are being questioned after contracts for more than 10 million barrels of crude oil from the Strategic Petroleum Reserve were awarded to three tiny oil companies that insiders say have little or no experience in making oil deals. On Capitol Hill, the Senate Energy and Natural Resources Committee is monitoring the controversy."

The countries refinerys are already running at full capacity so it really didn't help in the first place. But this administration can't even sell it to a capable company. No wonder the Clinton/Gore administration could not come up with an energy policy.

 

[glenn1]

I'm not a huge Clinton fan by any means, but i do give him credit for at least making a symbolic gesture, which helped ease prices temporarily. See Tripleshot, i give credit where credit is due, even to Bubba. He's not been a great President, but he's not the Anti-Christ either. I disagreed with a good portion of his politics, but the man was smart enough to hire Robert Rubin and Alan Greenspan, and stand out of the way of them doing their jobs. Again, not that i think that either one of them were the best thing since sliced bread either, but Wall Street had confidence in them, which is sometimes half the battle

No matter who wins the White House this November, hopefully he will have the same common sense to hire good advisors and avoid the temptation to tinker with the markets.