http://www.breitbart.com/article.php?id=08...;show_article=1

Anyone who did not see this coming is a fool. It is a commodity just like gold, silver, or butter. People invest in it just like anything else. Now, the only reason it is still above 100 is because of our squirrel f*cking democrats in congress that don't want to drill because "it will make a leaf on a tree a dirty brown".

Correct!

And, of course, recent experts say that we could have oil within 18 mos IF we were allowed to drill off the Gulf...........where the CHINESE are already drilling.

Cheney has acknowledged that he lied about that (at least that he was "misinformed"
http://gatewaypundit.blogspot.com/2008/06/...tory-falls.html

The Chinese have not started drilling in Cuba or anywhere else. There are large tracks of land that it is perfectly legal for us to drill at here in the US., but the oil companies aren't doing it because it won't provide them with high enough profit. They just don't wanna do it.

In regards to the price of oil, I will bet the farm that it will go right back up after the election. It does every time.

Same reason the Dollar has bounced. Watch it tank next year, followed by the £ by the way.

Thats why they want to drill where they can make a profit.

well, fasten your seat belts - oil may raise fast very soon !

AMERICAN ARMADA HEADS FOR IRAN
http://www.youtube.com/watch?v=QgZdxu7TzSs


AMERICA SECRET PLAN TO ATTACK IRAN 2008-09-11 P1
http://www.youtube.com/watch?v=uP3y1GSozLY
AMERICA SECRET PLAN TO ATTACK IRAN 2008-09-11 P2
http://www.youtube.com/watch?v=B1TtUJl_-2w

MARTIAL LAW SOON 08-09-11
http://www.youtube.com/watch?v=iBDV7gsGkeQ

interesting series of videos about the reality of so called "Energy crisis"

bottom line is: in Alaska there are sources enough to supply US for next 200 years.
but no single drop is allowed to be taken from there ....
so, the whole "oil rush" is artificially enticed.


Lindsey Williams - The Energy Non-Crisis - Parts 1 - 8
http://www.youtube.com/watch?v=NbakN7SLdbk
Views: 485,972
(see related videos there for parts 2-7)



Lindsey Williams, who has been an ordained Baptist minister for 28 years, went to Alaska in 1971 as a missionary. The Transalaska oil pipeline began its construction phase in 1974, and because of Mr. Williams' love for his country and concern for the spiritual welfare of the "pipeliners," he volunteered to serve as Chaplain on the pipeline, with the subsequent full support of the Alyeska Pipeline Company. Because of the executive status accorded to him as Chaplain, he was given access to information documented in his eye opening book, The Energy Non-Crisis.
After numerous public speaking engagements in the western states, certain government officials and concerned individuals urged Mr. Williams to put into print what he saw and heard, stating that they felt this information was vital to national security. Mr. Williams firmly believes that whoever controls energy controls the economy. Thus, The Energy Non-Crisis.

RazPutin

I cannot say for certain if you are correct, but it is even gettin more reporting time, even today. The sad truth is that something will have to be done with regards to Iran, and soon. To do nothing will cost up more than the prevention, but compounded interest later on.

Here is another thought. As far as getting a fission bomb into the US in the future, you can forget it. We already have more then enough sophisticated detection devices set up, that transport into ports, across borders, or along interstates, will be easily detected. Even heavy lead shielding will still allow enough emission of Xrays an Gamma radiation, that we can pick it up. But what we must worry about is a missile attack.

Furthermore, Iran will be empowered to use it's latest play-pretty on someone, and it may not be Israel, since Iran KNOWS it will face anilliation for doing such. But Rome perhaps? Or perhaps some other Christian icon? Or how about Paris? French are not all that well liked by Muslims now adays.

The point is that if we will not take action, who will? Can't count on the Euro-Weenies fo keep up their own back yard.

Incidentally, oil is quickly headed toward the $100/barrel mark. I think it is down to $112 already today.

Was it john? I was thinking it would go up to around 120 and then go down again due to the hurricanes. The fact that it did NOT go up when the souths oil was shutdown due to the hurricane is a good sign. Say hello to 2 dollar gas!!!!!

You can check prices here at bloomberg. Right now it is down to $108.89, still headed lower. Amazing!

however I see a lot of reports and discussions about inevitable Dollar plunge.
in fact, many have been talking about huge Economy collapse since 6 mths, if not more.
and it is predicted somewhere between Sep (this month) and Feb 2009,
some give more narrow period of late Sep-Oct 2008/.

so, if dollar goes down and there is no food - then 2$ for gas is small consolation or not at all, isn't it?
they predict massive rights, martial law, etc.
which in turn will trigger necessity to attack Iran more than ever (although as Ritter analyses in his book "Target Iran" is inevitable anyway). and once Iran attacked - oil will raise again. especially if Chavez cut off his supply too to support Iran !

Stealth Dollar Intervention
http://www.youtube.com/watch?v=PMYSgA8OOtY

U.S., Europe, Japan drafted dollar intervention plan: report


Dollar rescue planned but not executed
08.28.08, 3:03 AM ET

Dollar intervention details
http://www.nowandfutures.com/articles/2008...s_blogging.html

Dollar intervention: Facts versus ideology
http://www.itulip.com/forums/showthread.php?t=4808

Peak Oil and the coming Economic Collapse
http://www.youtube.com/watch?v=x0BBuAa-Vz0

There has been non-stop hyperventilation, within certain circles, about the coming depression, along with destruction of the dollar, etc, etc. Never happened, and I don't see any reason for this in the future, as long as the Fed does not go crazy printing money as Germany did in the 1930s.

Several things determine value of the dollar, but the most important is "liquidity". If you want the value to go up, call in the excess notes, that's all there is to it.

As I have stated at other places, another reason why the dollar is unusually low, is due to the wild run on gold over the last years since 9/11. If the value of gold goes up, due to scarcity, then naturally the dollar will perform in the opposite direction. The dollar is not "officially" pegged to gold, but it is on a "de facto" gold standard, like it or not.

Your concerns are totally misplaced here Razin.

"concerns"???? Sounds like his hopes and dreams.

Either way, they are misplaced.

Untrue! Oil companies have previously acquired rights to drill for oil in other public lands. Ask them why they haven't even placed a drill bit to the soil. Ask them why it must be their wish to involuntarily raise oil prices. (That is if you go by that nonsense.)

Besides that, I suggest that you read this news article and what the Energy Information Agency has to say about how Sarah and John's wear-a-cape-while-flying-through-the-air-plan is actually going to do : Study:AWR oil would have little impact

So you can now see that this is nothing more than balderdash from the oil companies.

Typical lame excuse Grizz. The acquired leases were to "Explore" those lands, not just the right to drill on them. Obviously the companys DID explore and found it not worth their time OR their monies. Are you willing to take out your wallet and contribute, Privately I might add, to help them defray the costs of a more than likely dry hole?

Naturally, I do not expect you to give a cogent answer, since you never do with other requests.

Anyway, nice seeing you again.

Why in the world would I do that? Is it my fault that the oil companies are paying leases for land and not doing anything with those lands? Did I twist their arms in to signing those contracts? Their poor management of companies is not my fault, I'm afraid.

Those CEOS that spent that money to explore ( and yes, drill too, because lets face it: how can you explore without finding what you're looking for? ) didn't do that because they didn't have anything better to do; they didn't make that decision because Vegas isn't tax deductible; they did it because those people are intelligent to be trusted with company money. So you know, and I know, that they knew that there was oil there to begin with.

I believe like Barack does - I would most definitely start charging the oil companies for unused leases.

And before you tell me that those oil companies would just pass on those costs to the public, all I would have to say is, they probably would; on top of that, they probably would find ways to knock those losses off their taxes, while gaining double gains both ways. Don't tell me that it can't be done - there's accountants that graduate every year that does this for them.

Clearly AGAIN you are allowing ignorance, and utopianism, to cloud your judgement Grizz. Oil companies purchase leases, which have an expiration date, and bid on the chance to "explore" the land for the possibility of oil. They cannot perform this activity before paying for the chance either. They must lease the land, and then take their equipment there, do soundings, test samples, etc, etc. This too costs money, which they pay out of their own pockets. If the land does not prove promising, they look elsewhere. Once the lease runs out, the lease reverts back to the Feds.

Now what is wrong with that? And why should they be penalized for chosing not to spend further money on land they do not think will produce a profit for them? Please tell me Grizz, should they be Forced to keep pouring money into something that is not likely to work out? Are you suggesting that the State FORCE them, upon threat of violence and imprisonment, that they do what is not in their best interests?

Here is another question Grizz? Have you ever had a business of your own? And are you a reasoning human, or a "lock-step" Collectivist Kook? Of course, your signature belies the obvious, doesn't it? Only a fool would publically place his/her profound lack of reasoning for All to see, in the form of an advertisement to a place where fellow idiots inhabit.

Anyway, it's nice to talk to you( most likely myself) again. I still like you as a person, no matter how misguided you are. Too bad you chose "suicide by cop" at Jane.

That's just not the way oil companies are set up. I used to work for one years ago.

There is a department called the "Land Department" within the Exploration Department, who have what is called "Land Men" who are trained geologists and such whose only business is to go out and find land to lease for exploration (by a whole different department........I used to date one) and talk the owners into leasing the land for x amount of time for x amount of $$. The drilling rights are bought afterwards.................if the owner wants to sell them. IF they want to sell them. Of course, if the exploration crew found nothing worth drilling for, there would be no drilling right bought. But, the x amount of lease time continues until the lease expires. I'm sure the owners make sure they make $$ whether oil if found or not by insisting upon loooooong leases. Wouldn't you?

I wouldn't call this poor management...........it's made them billions working in this very way. The oil companies and the owners are very happy with this arrangement. That's what keeps some of our farmers in business when their crops fail.

??

Once again, you are not comprehending what I'm saying, with all that is going on - the ridiculous price of oil, which is effecting every ones pockets, and the oil companies complaining that they have no place to drill to solve the problem. Why would this be the public's problem that they chose not to drill in places that has oil? Because lets face it - these oil companies know that there is oil on those lands that they are leasing. You ask them why they are not drilling on them - not me.

John: you see this product and service, that you and I are talking about, is something that is a NEEDED THING ; it's not like you or I choosing not to go see a movie because the prices are too high; we could live without seeing a movie if need be. But oil is something that most modern people live everyday with - at least the ones that gave up horse and buggies and fireplaces that is.

If those oil companies have oil executives that are that stupid, then yes, they should be penalized. It's like I said - oil is a commodity, not a movie, not caviar, and not even a dozen of doughnuts; it's something Americans NEED; this is why the so-called evil government has to step in.

No. If I ever did own my own business, I would dearly love to know that I could get as many TAX CUTS that could protect me from myself from the very same errors that these so-called CEOS are making with land they do not want to do anything with to begin with, yet scream for more! I guess you could analogize this thing to a child not eating his/her roast beef but will take a slice of pie.

BTW: In that last quote.

Be careful. Someone might take that as trolling. At least that's what Curtis told me. (nudge!) (nudge!)

It all depends, Solo. Are those leases that you were involved with, when you were working for that company, the very same way that this situation is now? And once again, I guess that it's my fault or JohnQ public's fault that they signed a loooong lease? Please. I have no teat for these companies to suck on. Tell them to go out and buy some Similac.

Why is it anyone's "fault"? BTW, what is the "fault"? And, the gripe about it??? It seems to be your problem that you're having, so please...........explain.

Read this please, Solo. Maybe this will clear things up?

Yes, I'm aware there a ongoing battle of words between Liberal Democrats and Conservatives about this issue with differing opinions about oil and oil reserves. The guy who wrote this opinion is a Democrat, is he not? Yes. He's the same one wanting us to release our oil reserves. Big mistake.

This is nothing new in the words over oil. I still don't understand why you or anyone is to be blamed for held at "fault" for leases being held.

Solo: the point that I'm trying to get at here is simply this: If you or I sign a contract, that we either read and understood or not, why would it be any one, other than the person who signs that contract, fault later on instead of other people?

Same with an individual or a business.

The reason why oil is so expensive is not because of China, its not because of Environmentalists and its not because we're running out of it or anything like that. The reason why oil prices are high is because the prices have been driven to artificially high levels by media fear mongering, which basically causes all the nervous idiots out there to buy up oil like crazy. And the more people buy oil and spend on it, the more its price is encouraged to grow. And the oil companies are not exactly going to do anything to discourage these crazy high prices because its extremely profitable stuff to keep things the way they are for them.

And so how do we stop this? Drill more oil? No. We do not drill more oil. The only way to properly fix the problem is to regulate the oil industries better and to more effectively root out the prevalent greed and corruption that is within them.

Ah.... "regulate" the oil industries. Can you please tell me how we can regulate OPEC?

Well thats the big tough one- your presidents have been trying to reduce their reliance on foreign oil sources in the Middle East or gain total control of certain reserves (and so reduce the grip that the OPEC has) for decades now. There have also been many other idea's (some of which were acted out for real) at reducing the reliance on the OPEC, from investing in alternative fuels, increasing tax's, introducing fuel rations etc.
The only way to regulate the OPEC in America is for America to reduce its reliance on foreign oil and so thus reduce the OPEC's grip that it has over American fuel prices and so help regulate it etc.

This is an old article but the history it states is still true to this day and so is its logic- copying and pasting a paragraph or two can't really sum up the article so i advise that you read it fully yourself;

"18-03-03 All seven presidents of the past 30 years, Democrat and Republican alike, have tried to wean the US off imported oil. All have failed. In 1973, President Nixon pledged to end oil imports by 1980 through Project Independence. The US imported 40 % of its oil that year. In 1979, President Carter said imports wouldn't ever rise again. They did. Today, with the US importing 60 % of its oil, President Bush says hydrogen power will lead to energy independence.
Mr Bush is almost certain to be proved wrong, at least in the next couple of decades. Despite an increasingly energy-efficient economy, the US remains hooked on foreign oil for two reasons. OPEC, especially Saudi Arabia and its neighbours, is skilful in its management of oil prices to maintain America's dependence. And the US lacks the political will to do what's necessary to weaken the cartel or reduce the American appetite for oil.

With American troops poised for war in the Persian Gulf, which dominates oil exports and has two-thirds of global reserves, the consequences of oil dependency are starker than ever. The US relies on some of the world's most volatile countries to supply a component that is critical to American society. Political turmoil in the region, in 1973 and 1979, produced oil-price jumps that ravaged the US economy. In 1991, the US sent 500,000 troops to the region to expel Saddam Hussein from Kuwait to ensure that he didn't grab an even-larger share of Gulf oil.
The primary issue is price. OPEC manages production to try to keep prices higher than they would be if set in a free market, but low enough to make alternative fuels and technologies uncompetitive. "If we force Western countries to invest heavily in finding alternative sources of energy, they will," Saudi Arabia's influential oil minister, Sheik Ahmed Zaki Yamani, said in a 1981 speech at a Saudi petroleum university. "This will take them no more than seven to 10 years and will result in their reduced dependence on oil as a source of energy to a point which will jeopardize Saudi Arabia's interests."";

http://www.gasandoil.com/goc/news/ntm31691.htm


If it were possible for America to develop better oil fuel alternatives (like what Obama is supporting), then that could be a way to release America from its reliance on foreign oil forever. But OPCE has deliberately made this difficult to do, so it would be a challenge (although its certainly not impossible).

Alternative fuel...getting so old Ethanol? Oh but it costs more energy to refine it. How about we drill here? But instead you annoying liberal twats veto any means to get cheaper oil and continue to support the terrorists that attack us, but apparently you want to "talk". Sitting down and talking over tea does not work in real life situations. I swear, arguing with you is more time wasting then recycling.

Why suggest Ethanol (although i suspect based on your lacking knowledge on a lot of stuff, thats probably the only alternative fuel you do know of)?

I think more emphasis on Nuclear power and Hydrogen (like Hydrogen powered fuel cells) would be better.



I know this may be difficult for your brain to comprehend, but if you rely more on a good alternative fuel/s then this will reduce the price of oil in two ways (by reducing the direct demand for oil and by reducing the grip that the OPCE/Middle Eastern oil has on America). We do actually have solid plans for reducing the cost of oil- shame you didn't realize this.



Where/When?



Whatever. You seem very ignorant on recycling- it saves money, space and energy (to learn more: http://www.recycling-guide.org.uk/facts.html )- i would hardly call this a waste of time.

In other words FASCISM. You're a real genius Tokis! And a certified Collectivist to boot. Congratulations on your Political savy.

Dear Tokis, you really need to stop believing everything the BBC tells you.

http://kellibestoliver.greenoptions.com/20...ting-recycling/

Recycling is meant for people like you to feel good about themselves for recycling a soda can. Recycling is bogus. Global warming has been proven wrong, and recycling is going to also be proved inefficient soon. I was right about global warming, and I'm right about recycling. You should watch Penn and Teller. They talk about recycling and go into even more depth about this subject.

Oh right so its "fascism" to root out corruption . Do you even know what fascism is? Do you find absolutely nothing wrong with the corruption in the oil industries and their practices which force your countries oil prices going up?

http://news.bbc.co.uk/1/hi/world/americas/7609597.stm


One moment you complain about the price of oil, the the next moment you you try and protect those that have unfairly forced it up so high. Priceless.

Have you even read your link? It doesn't disagree with nor disprove anything i have said! You are not right about recycling.

And nobody is going on about global warming here.

Tokis, please tell me how a few blow jobs and ski vacations at an oil office in Colorado caused oil to top out at close to $150.00 a barrel? Also tell me how OPEC is manipulating the price of oil. You are the expert here. You, at 21 years of age, are an expert on all matters. I'm just a dumb old fck that don't know sh!t and am eagerly willing to learn from the oracle of Somerset.

Please read this link already provided titled "How OPEC keeps America hooked on oil imports";

http://www.gasandoil.com/goc/news/ntm31691.htm




Yes you are little cricket- you can start off by learning out to count (i'm 22 years old not 21 years old), come back in a week or so after you're done and i'll teach you the alphabet and how to spell .

Wow, you're 22? You sure that's not 22 and a 1/2. The last time someone corrected me on their age was when I mistakenly assumed a 13 year old was 12. Quite indignant this little girl was over that.

Oh almost forgot. Since you also have a 13 year old mentality when it comes to pointing out spelling errors.......................................

i'm 22
i'll teach

Should not those i,s be capitalized.....................................................................
.

Grow up little girl and try not to stress that little cyst between your ears...................

Look Nomad it is not my fault that you can't count. Secondly, before you go onto me about using capitals (i almost never write "i" in a capital because i usually can't be bothered to), lets take a look at your grammar;



a. It should be "and i don't know"
b. It should be "and i am"

There we go Nomad, don't stress, we're getting there ^_- . Geez, who would have thought that i'd be teaching grammar to an old guy like you? Then again, i guess it was you who said that you "don't know sh*t" (you said it!).

Secondly, now you have supposedly read my link, what are you thoughts on it- for example do you deny the information? Lets keep on topic .

http://www.bearpit.net/index.php?showtopic...mp;#entry105806

I thought you were not going on about global warming So, are you going to admit I am right? All you silly liberals are upset because you fell for the biggest scam in history.

Sigh,..........Fascism is a Collectist form of political/economic system in which the State heavily controls the means of production through excessive Regulation. The only main difference between Fascism and Socialism is that with the later, the means of production are OWNED by the State. That is the only definition that really counts.

Now, I have spent months studying Fascism, and how it is so misunderstood, and used by the Left in a totally irresponsible manner, so I have more than enough links with which to educate you here. And I am genuinely interested in you learning this, so you will not spread false ideas.

For a most detailed history of Fascism, you can read The Mystery of Fascism(note: the server is down at present)

And there is thos from the scholar, Dr John Ray, MODERN LEFTISM AS RECYCLED FASCISM

And there is also his expose on how the American Progressive Movement was the root of Fascism, THE AMERICAN ROOTS OF FASCISM: The American "Progressives" were the first Fascists of the 20th century. And note within, that it was Woodrow Wilson, not FDR, who was the first genuine Fascist in the White House.

Also, his thesis on AUTHORITARIANISM IS LEFTIST, NOT RIGHTIST, is also quite enlightening.

And just so I don't over-work your young mind, I will close with this one, since Fascism is really an economic system, there is Economic Fascism, by Thomas J. DiLorenzo. In fact, Fascism is closer to Marx's original formula than what Lenin did. What?! Under Marx, the system must first go through a period of capitalism(Free Enterprise) first, and then become communism. Lenin purposefully left out the "capitalism" part.

From the last link:





This is called grasping at straws my dear. That is where some bureaucrats, led the way with sex and other things. Blame the State for this, not the Evil Oil Giants.




Again incorrect. What I am really complaining about is how the State complicates things with excessive legislation, and predatory rules, to the extent that the markets cannot respond properly. Had the markets been allowed to pursue new exploation over 20 years ago, this entire oil meltdown would never have happened.

You really should take the time and read carefully, what is in front of you. Open your mind and think for a change. Think about the remote possibility that the State just might be the problem, rather than business.

That's a good article, Tokis. If oil companies would quit paying all those CEOS an exorbitant amount of pay and learn to reinvest that difference back in to their businesses, finding alternative energy on the side, we all would get to that seven to ten years a lot more quicker. But those executives do not.

The sheiks are more clever than our domestic oil company executives -- while the sheiks stay afloat and travel in comfort in yachts, our CEOS try to do the same thing in a small sized boat, with a hole in it, while opening the throttle all the way.

I'll be sure to send a copy of your post to the Republican Party, John. Have you not been reading what George W. Bush has been doing for companies right now?! And John McCain was against it before he was for it! You may thank your buddy Phil Gramm for this fiasco too! Big business does not need the left to convert this country to socialism; all big business needs is being left alone; they can ruin their own house without the Democrats doing anything.

BTW: check out my thread.

I certainly have Grizz, and I am not happy with it. They should ALL be allowed to go under and start over again.

The only move that I can live with is the action with AIG, where the Feds are actually Loaning it enough to have time to sell off it's assets, in order to pay them back,................with interest. The only reason why the Feds officlally own the lion's share of the business, is because they need leverage against the company to Force them to pay it back. Once this is completed, the Feds will leave the scene, and all what is left to either sell off, or continue on it's own.

As for Fanny and Freddy, both should never have been allowed to go as they did. And Not Grizz, the Fat Cats, who made out like bandits AND ran both into the ground,...............WERE JACKASSES!! Does that tell you something, you Genius?!

Does that tell me something? Why it sure does. All bandits should thank John McCain's economic advisor -- Phil Gramm -- when he was chairman of the Senate Banking Committee. Hm...wasn't he helping UBS make profit? And isn't he now helping out a Swiss Bank?!

Phil Gramm. He is the gift to the world's bandits that just keeps on giving, huh.

When he was chairman of the Senate Banking Committee? Prove It BigBoy!? And if he did, after leaving the senate, good for him,.....and them. I don't see any mention of them in any sort of trouble over all this. Do you?

As for Suisse Bank, he is now a private citizen, and can work/advise with whom he desires, provided it is legal. Correct Grizz?

I'm still awaiting the answer to my response to your accusations. And kindly do not attempt to change the subject. I am talking about Phil Graham in a conflict of interests while chairing the banking committee. Try not to forget this, when you actually do answer this.

You're problem is that you are ingesting far too much Daily Kaos porridge, each and every day. You seriously need to go on a diet.

Read on!

It sure was. Just as much as it was for a lot of those bandits now, huh.

Oh, after what he just got done doing, it's legal, alright.

You're problem?! Is trader already influencing you? No. But seriously, John. Give up the Rush Limbaugh diet; you aught to see that it's not doing anything for Rush.