hey what that quote that dick chenny said about high oil prices/gas prices means a failed presidency? I know someone has it on here, but I dont remember who. Can some private message me the full quote thanks.
These oil companies, oil specultors, traders, opec need to start getting these oil prices under control. I know china demand for oil has gone up, but I dont see it causing oil to go from $25 barrel of oil few years ago to what it is now, $74?. I can see it have gone up about $10-$15 over the past few year and hold steady, but to jump $50,$60 is crazy.
These oil companies, oil specultors, traders, opec need to start getting these oil prices under control. I know china demand for oil has gone up, but I dont see it causing oil to go from $25 barrel of oil few years ago to what it is now, $74?. I can see it have gone up about $10-$15 over the past few year and hold steady, but to jump $50,$60 is crazy.
Excuse me. There is an article posted about $300 barrel Oil.
Take your accusation to them.
4-21-2006 Oil Prices Settle Above $75 a Barrel
NEW YORK - Crude-oil prices broke through $75 a barrel to hit a new record Friday, fueled by concerns about Iran's nuclear ambitions and tight U.S. gasoline supplies.
Crude prices, which are more than 40 percent higher than a year ago, have risen 8.4 percent from Thursday's closing price ? the biggest weeklong jump since the week ended June 17, 2005, when crude futures rose 9 percent.
Analysts say oil prices are likely to climb even higher in the weeks ahead as worries grow about how international pressure on Iran, OPEC's No. 2 oil producer, will affect its crude output. Rebel disruptions of oil production in Nigeria, the fifth-biggest source of U.S. oil imports, also pose a risk to supply.
"Everyone's asking, 'What's the high? What's the high?'
In a runaway bull market, you can't say.
But the market will stop climbing when it finally starts to have an impact on the economy and on demand.
I don't see it stopping till we reach that point," said BNP Paribas commodity futures analyst Tom Bentz.
Slew Foot
Lifer
- Sep 22, 2005
- 12,379
- 96
- 86
I think it's kinda funny that the same people who think it's an abomination that oil prices can climb 100% in a few years, think it's perfectly normal for housing prices to do the same thing. It just depends on the perspective of the person making the $$$$.
4-22-2006 New Rig Brings Brazil Oil Self-Sufficiency
RIO DE JANEIRO, Brazil - President Luiz Inacio Lula da Silva, dressed in an orange jump suit, drenched his hand in oil as he flipped the switch Friday on a new oil rig that will usher in overall independence from foreign oil.
The start of production at the P-50 rig off Brazil's south Atlantic coast puts Brazil on track to produce as much oil as it consumes
The production milestone ? coordinated to fall on a national holiday honoring 18th-century independence hero Tiradentes ? marked an end to decades of dependence on foreign oil, and fuel bills that plunged Brazil into debt when oil prices soared in the 1970s.
Petrobras said the huge P-50 rig will boost national oil production to an average of 1.9 million barrels a day this year, more than average consumption of 1.85 million barrels a day.
As more offshore rigs come online, Petrobras expects to join the ranks of the world's net oil exporters, with production exceeding demand by nearly 300,000 barrels a day in 2010.
Brazil still depends on natural gas imported from Bolivia, on its own nuclear power and on hydroelectric dams to produce electricity, and on an abundance of ethanol, an alternative fuel made from Brazilian sugar cane.
Brazil produced only 2,700 barrels of oil a day when Petrobras was founded in 1953, and consumed 137,000 barrels a day. With the slogan "The oil is ours," the company set out to find oil in a country larger than the lower 48 U.S. states.
In 1968, the company began searching offshore in the Campos Basin near Macae, 110 miles east of Rio de Janeiro. The big break came six years later, with the discovery of the Garoupa field.
New discoveries followed, and Macae became an oil boomtown as the Campos Basin grew to become Brazil's top oil producer. Today, more than 80 percent of Brazil's oil comes from offshore fields.
Petrobras also became a world leader in deep-water drilling, developing state-of-the-art equipment and setting world records for deep-water drilling. It is Brazil's biggest and the 14th-largest oil company in the world, with operations in 15 countries.
"The company did its homework, did what was possible," said Victor Martins, an oil analyst with Safra Bank.
============================================
Hmmmmm wonder why the U.S. can't do it's homework???
Brazil smart > U.S. dumb
RIO DE JANEIRO, Brazil - President Luiz Inacio Lula da Silva, dressed in an orange jump suit, drenched his hand in oil as he flipped the switch Friday on a new oil rig that will usher in overall independence from foreign oil.
The start of production at the P-50 rig off Brazil's south Atlantic coast puts Brazil on track to produce as much oil as it consumes
The production milestone ? coordinated to fall on a national holiday honoring 18th-century independence hero Tiradentes ? marked an end to decades of dependence on foreign oil, and fuel bills that plunged Brazil into debt when oil prices soared in the 1970s.
Petrobras said the huge P-50 rig will boost national oil production to an average of 1.9 million barrels a day this year, more than average consumption of 1.85 million barrels a day.
As more offshore rigs come online, Petrobras expects to join the ranks of the world's net oil exporters, with production exceeding demand by nearly 300,000 barrels a day in 2010.
Brazil still depends on natural gas imported from Bolivia, on its own nuclear power and on hydroelectric dams to produce electricity, and on an abundance of ethanol, an alternative fuel made from Brazilian sugar cane.
Brazil produced only 2,700 barrels of oil a day when Petrobras was founded in 1953, and consumed 137,000 barrels a day. With the slogan "The oil is ours," the company set out to find oil in a country larger than the lower 48 U.S. states.
In 1968, the company began searching offshore in the Campos Basin near Macae, 110 miles east of Rio de Janeiro. The big break came six years later, with the discovery of the Garoupa field.
New discoveries followed, and Macae became an oil boomtown as the Campos Basin grew to become Brazil's top oil producer. Today, more than 80 percent of Brazil's oil comes from offshore fields.
Petrobras also became a world leader in deep-water drilling, developing state-of-the-art equipment and setting world records for deep-water drilling. It is Brazil's biggest and the 14th-largest oil company in the world, with operations in 15 countries.
"The company did its homework, did what was possible," said Victor Martins, an oil analyst with Safra Bank.
============================================
Hmmmmm wonder why the U.S. can't do it's homework???
Brazil smart > U.S. dumb
I did. Its crazy. I'm up nearly 9k in the past month. Use the republican mentality and start capitalizing on these situations because complaining well only leave you broke and angry.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Good for you.
Today OPEC says find another reason for high Oil and Gas prices other than SUPPLY and DEMAND since it is not a SUPPLY problem or too much DEMAND.
They are telling the resident Republicans to shut up about SUPPLY and DEMAND in their face yet they still continue to spew it.
4-22-2006 OPEC says oil supplies not the problem
WASHINGTON - OPEC oil-producing nations said on Saturday oil prices have risen despite a well-supplied market, adding it was urgent to find new indicators of price trends to supplant the now-unreliable gauge of oil stocks.
"The healthy situation on the supply side is further demonstrated by OECD crude oil inventories, which are at comfortable levels both in absolute terms and in days of forward cover, while U.S. commercial crude oil stock levels have reached their highest levels in eight years"
===========================================
Every imaginable excuse given on a daily basis by the Republicans except what it really is plain and simple:
GREED
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
trolling
The sad fact about ATPN, and why it is such a dead-zone for intellectual discussion, is that it is ran, with the obvious permission of the mods, by the worst form of attention-seeking troll and his circle-jerking hangers-on. Namely you, Dave.
It's not that I like high gas prices, or approve of what is happening, it's that you are just as much a problem as the problem itself. You ARE the sheep from Animal Farm. As soon as anyone tries to have an intelligent discussion about seeking a resolution to a serious issue, you overwhelm the conversation with inane and ridiculous knee-jerking reactionary statements designed solely to inflame and distract. Literally "4 legs good, 2 legs bad."
The real world isn't that simple, moron.
edit: Oh yes, this too:
Awwwwww such love, thank you
We do in fact come up with solutions. Solutions resident Republicans want no part of because it would mean the end of their free ride at everyone's expense.
No longer using Oil because we should be on other resources such as Hydrogen and plethora of others. Anything except Oil.
Of course it is obvious you prefer Oil.
4-22-2006 Now Bush Says We Should Be Using Hydrogen-Powered Cars
WEST SACRAMENTO, Calif. - President Bush had an Earth Day message for drivers worried about soaring gasoline prices: The nation must move more quickly toward widespread use of hydrogen-powered cars.
Bush, who was met by handful of protesters, checked out several fuel cell vehicles and a hydrogen fueling station. "It's important what we're doing here because we got a real problem when it comes to oil," he said.
"I understand the folks here, as well as in other parts of the country are paying high gas prices," Bush said. "We're going to have a tough summer."
WEST SACRAMENTO, Calif. - President Bush had an Earth Day message for drivers worried about soaring gasoline prices: The nation must move more quickly toward widespread use of hydrogen-powered cars.
Bush, who was met by handful of protesters, checked out several fuel cell vehicles and a hydrogen fueling station. "It's important what we're doing here because we got a real problem when it comes to oil," he said.
"I understand the folks here, as well as in other parts of the country are paying high gas prices," Bush said. "We're going to have a tough summer."
Vic
Elite Member
- Jun 12, 2001
- 50,422
- 14,337
- 136
:roll:
You are such a joke. You NEVER present a single solution besides ignorant ranting about conspiracies, "the rich," and partisanship.
I think the saddest thing about you is that you believe your own BS. I'm sure you will drown out this post with another extended outburst of "Democrats good, Republicans bad, Democrats good, Republicans bad." Let me hear you sing it, sheep.
Oh FYI: hydrogen is for energy storage, not an energy source. Due to its highly reactive nature, there is very little free hydrogen on earth. In order to obtain free hydrogen, we would have to burn fossil fuels first. The idea of a hydrogen car (at our current level of technology) is as uninformed as that of a purely electric car.
Yep, I'm a joke, meanwhile:
4-22-2006 Chinese Leader, Saudis Talk Oil, Trade
RIYADH, Saudi Arabia - Oil-rich Saudi Arabia and energy-starved China signed defense, security and trade agreements Saturday on the first day of Chinese President Hu Jintao's visit, a trip both sides expect will enhance burgeoning relations.
Earlier, the Chinese leader and King Abdullah oversaw the signing of security, defense, health and trade agreements
Hu, who arrived early Saturday from the United States, told reporters at the airport he expected his trip "will further strengthen the friendship between our two countries and our two peoples as well as expand strategic and friendly cooperation between China and Saudi Arabia."
"China is satisfied with the fruitful achievements in political, economic and cultural cooperation between our two countries," he added.
"There's a feeling among Saudis that the U.S. Congress is deriding us, abusing us and insulting us," said Khaled al-Maeena, editor of the English-language Arab News daily.
"We need to maintain links to America, but we are not a gas station.
America has to realize we want friends, not masters."
But of course the resident Apologists say this is not happening:
4-26-2006ConocoPhillips profit soars as oil prices surge
ConocoPhillips, the No. 3 U.S. oil company, on Wednesday reported quarterly profit surged 13 percent, as oil prices continued their march upward.
Oil companies are enjoying a profit bonanza as crude oil prices continue surging to new highs
Earlier in the day, smaller U.S. oil producer and refiner Amerada Hess Corp. also produced a glowing report, with quarterly profit more than tripling on the back of strong oil prices.
4-26-2006ConocoPhillips profit soars as oil prices surge
ConocoPhillips, the No. 3 U.S. oil company, on Wednesday reported quarterly profit surged 13 percent, as oil prices continued their march upward.
Oil companies are enjoying a profit bonanza as crude oil prices continue surging to new highs
Earlier in the day, smaller U.S. oil producer and refiner Amerada Hess Corp. also produced a glowing report, with quarterly profit more than tripling on the back of strong oil prices.
Does anyone really believe they would take down there own Al Capone style?
4-26-2006Senate Panel Demands Oil Co. Tax Records
WASHINGTON - A Senate committee Wednesday announced an investigation into taxes paid by major oil companies and asked the IRS for the companies' tax returns.
The Senate Finance Committee promised "a comprehensive review of the federal taxes paid" by the 15 largest oil and gas companies. The committee said it wanted to inspect their tax returns for the last five years.
With gasoline prices soaring and oil companies announcing record profits, "it's relevant to know what the real financial picture is for this industry," Montana Sen. Max Baucus (news, bio, voting record), the ranking Democrat on the committee, said.
It's highly unusual for the Senate committee to seek corporate tax records. The last time it was done was when the panel asked the IRS for the tax records of Enron Corp.
The committee announcement came as Congress showed increasing concern amid political fallout over high gasoline prices and oil industry profits. Lawmakers began moving on various fronts to eliminate loopholes and some tax provisions that save oil companies billions of dollars.
========================
Billions of dollars in Tax provisions handed to them by Bush and themselves.
4-26-2006Senate Panel Demands Oil Co. Tax Records
WASHINGTON - A Senate committee Wednesday announced an investigation into taxes paid by major oil companies and asked the IRS for the companies' tax returns.
The Senate Finance Committee promised "a comprehensive review of the federal taxes paid" by the 15 largest oil and gas companies. The committee said it wanted to inspect their tax returns for the last five years.
With gasoline prices soaring and oil companies announcing record profits, "it's relevant to know what the real financial picture is for this industry," Montana Sen. Max Baucus (news, bio, voting record), the ranking Democrat on the committee, said.
It's highly unusual for the Senate committee to seek corporate tax records. The last time it was done was when the panel asked the IRS for the tax records of Enron Corp.
The committee announcement came as Congress showed increasing concern amid political fallout over high gasoline prices and oil industry profits. Lawmakers began moving on various fronts to eliminate loopholes and some tax provisions that save oil companies billions of dollars.
========================
Billions of dollars in Tax provisions handed to them by Bush and themselves.
From Bill ORLY... Read this and this is the first thing ( well not really but mostly ) I've agreed with him on....
Gas Pains
By: Bill O'Reilly for BillOReilly.com
Thursday, Apr 20, 2006
The next time a gas fill-up costs you 40 bucks or more, consider this: Lee Raymond, the retired CEO of Exxon-Mobil, was paid close to a billion dollars by that company from 1993 to the present. Raymond's retirement package is about $400 million, according to published reports. Does everybody love Raymond? I don't. I think he's a greed-head.
The Exxon-Mobil board of directors approved Raymond's compensation, and guess who appointed most of those well-paid board members to their positions? Does the name Lee Raymond ring a bell?
And guess who is paying all those Exxon-Mobil salaries, including our pal Lee's? The regular folks who must buy gas to go to work and heat their homes. This is called "predatory capitalism."
Let me explain, and please keep in mind that I am a big-time supporter of capitalism. Gasoline supplies are at an eight year high, according to OPEC. There is plenty of gas selling on the open market, more than enough to meet the worldwide demand.
So rising gas prices are not a supply and demand issue.
What the American oil companies are doing is exploiting the uncertainty in the world. Every time the nutty Iranian government threatens to kill the Jews or the Americans or whoever, speculators bid up the paper price of a barrel of oil.
These speculators operate in the so-called commodities markets. They gamble on where the price of oil and other tangible assets will be months from now. These Vegas-type people sit in front of their computers and bid on "futures" contracts.
Every time the oil company executives, guys like Lee Raymond, see these people bidding up oil "futures," they order their retail gas station owners to jack up prices to you. Supply and demand my carburetor-this has nothing to do with the free market.
If you don't believe me, try to start your own oil company. Just try. The government has to approve almost everything these conglomerates do, and there's no room for any "startups."
So everyday Americans are at the mercy of a complicated shell game that is manipulated by a few people playing high risk financial roulette. But it is no game to millions of Americans who have to buy gas. We have no choice.
That's because the U.S. government declined to do what the government of Brazil did. Next year, Brazil, population 188 million, will be totally independent of imported oil. Back in the 1970's, the Brazilian government mandated that all cars sold in that country run on sugar-based ethanol. And now they do.
These are the same cars we drive. But in Brazil, the fuel situation is sweet. Vehicles run on sugar.
Back here in the USA, the federal government rejected ethanol, and all other alternative fuels, because Lee Raymond and his brethren wanted none of that. Raymond is in the oil business, not the sugar business.
In the time of the French Revolution, Lee Raymond and his $400 million pension would be running one step ahead of the guillotine. But today, some in America admire Raymond and support his unbelievable compensation.
But to those of us who really understand what's going on here, Raymond and his ilk are hurting the country and the government is their enabler. Talk about gas pains. There isn't enough Alka-Seltzer in the world.
Bill O'RLY?
Gas Pains
By: Bill O'Reilly for BillOReilly.com
Thursday, Apr 20, 2006
The next time a gas fill-up costs you 40 bucks or more, consider this: Lee Raymond, the retired CEO of Exxon-Mobil, was paid close to a billion dollars by that company from 1993 to the present. Raymond's retirement package is about $400 million, according to published reports. Does everybody love Raymond? I don't. I think he's a greed-head.
The Exxon-Mobil board of directors approved Raymond's compensation, and guess who appointed most of those well-paid board members to their positions? Does the name Lee Raymond ring a bell?
And guess who is paying all those Exxon-Mobil salaries, including our pal Lee's? The regular folks who must buy gas to go to work and heat their homes. This is called "predatory capitalism."
Let me explain, and please keep in mind that I am a big-time supporter of capitalism. Gasoline supplies are at an eight year high, according to OPEC. There is plenty of gas selling on the open market, more than enough to meet the worldwide demand.
So rising gas prices are not a supply and demand issue.
What the American oil companies are doing is exploiting the uncertainty in the world. Every time the nutty Iranian government threatens to kill the Jews or the Americans or whoever, speculators bid up the paper price of a barrel of oil.
These speculators operate in the so-called commodities markets. They gamble on where the price of oil and other tangible assets will be months from now. These Vegas-type people sit in front of their computers and bid on "futures" contracts.
Every time the oil company executives, guys like Lee Raymond, see these people bidding up oil "futures," they order their retail gas station owners to jack up prices to you. Supply and demand my carburetor-this has nothing to do with the free market.
If you don't believe me, try to start your own oil company. Just try. The government has to approve almost everything these conglomerates do, and there's no room for any "startups."
So everyday Americans are at the mercy of a complicated shell game that is manipulated by a few people playing high risk financial roulette. But it is no game to millions of Americans who have to buy gas. We have no choice.
That's because the U.S. government declined to do what the government of Brazil did. Next year, Brazil, population 188 million, will be totally independent of imported oil. Back in the 1970's, the Brazilian government mandated that all cars sold in that country run on sugar-based ethanol. And now they do.
These are the same cars we drive. But in Brazil, the fuel situation is sweet. Vehicles run on sugar.
Back here in the USA, the federal government rejected ethanol, and all other alternative fuels, because Lee Raymond and his brethren wanted none of that. Raymond is in the oil business, not the sugar business.
In the time of the French Revolution, Lee Raymond and his $400 million pension would be running one step ahead of the guillotine. But today, some in America admire Raymond and support his unbelievable compensation.
But to those of us who really understand what's going on here, Raymond and his ilk are hurting the country and the government is their enabler. Talk about gas pains. There isn't enough Alka-Seltzer in the world.
Bill O'RLY?
Wow, didn't think I'd agree with a Bill O'RLY commentary, but here we are.
And it upsets me that Brazil can become energy independent, but not us, with all of our money and resources.
And it upsets me that Brazil can become energy independent, but not us, with all of our money and resources.
Just remember that if exxon decided to rebate that $400million back to the consumer, everyone would be up for $1.25.
What I am having a hard time understanding is.....
Why is it that higher oil costs are causing most business to have declining profits because of the price of fuel but the one industry that you think would be impacted the most by higher oil prices, oil companies, are experiencing their highest profits EVER??
Why is it that higher oil costs are causing most business to have declining profits because of the price of fuel but the one industry that you think would be impacted the most by higher oil prices, oil companies, are experiencing their highest profits EVER??
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