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View Full Version : Fears, Again, of Oil Supplies at Risk



LogansPapa
07-02-2008, 04:05 PM
By NEELA BANERJEE
Published: October 14, 2001

THEY are the nightmares, the worst confluence of misguided decisions and startling violence, that politicians and oil executives ponder briefly and then shoo away:

That sympathizers of Osama bin Laden sink three oil tankers in the Strait of Hormuz and choke off the narrow, bow-shaped channel that funnels 14 million barrels a day from the Persian Gulf to the rest of the world. That the United States attacks Iraq, and Israel launches a huge strike against the Palestinians, driving them from their camps and staking out more land -- all of which spurs the Persian Gulf states to cut off oil for the West. Or perhaps that a popular uprising, led by sympathizers of Mr. bin Laden, topples the ruling Saud family in Saudi Arabia, by far the world's largest oil producer.

''If bin Laden takes over and becomes king of Saudi Arabia, he'd turn off the tap,'' said Roger Diwan, a managing director of the Petroleum Finance Company, a consulting firm in Washington. ''He said at one point that he wants oil to be $144 a barrel'' -- about six times what it sells for now.

http://query.nytimes.com/gst/fullpage.html?res=9401E2DC123FF937A25753C1A9679C8B 63

Constitutionally Speaking
07-02-2008, 08:20 PM
Yep, the Democrats once again have helped the enemies of America reach their objectives!

THANK YOU DEMS!!!!! :mad:

LogansPapa
07-03-2008, 10:41 AM
Yep, the Democrats once again have helped the enemies of America reach their objectives!

THANK YOU DEMS!!!!! :mad:

So that lets China and India off the consumption hook?;)

Constitutionally Speaking
07-03-2008, 03:25 PM
So that lets China and India off the consumption hook?;)


Why would I blame them for growing their economies??? The Democrats in the United States are just about the only creatures on earth stupid enough to commit this kind of economic suicide.

LogansPapa
07-03-2008, 04:23 PM
Itís not really a matter of blame - itís just recognition that as their quality of life rises, in their respective societies, ours will decrease accordingly. Think of two water tanks with a pipe running between them. As their level goes up - ours will go down. Thereís a finite amount of natural resource to be recovered and used by human beings and the expense of retrieving these commodities will rise exponentially in the next decade, Democrats or not.

Constitutionally Speaking
07-03-2008, 07:20 PM
Itís not really a matter of blame - itís just recognition that as their quality of life rises, in their respective societies, ours will decrease accordingly. Think of two water tanks with a pipe running between them. As their level goes up - ours will go down. Thereís a finite amount of natural resource to be recovered and used by human beings and the expense of retrieving these commodities will rise exponentially in the next decade, Democrats or not.

This is simply not true. People have played the zero sum game of wealth for centuries and it simply is not true.

LogansPapa
07-04-2008, 12:28 AM
This is simply not true. People have played the zero sum game of wealth for centuries and it simply is not true.

What you're failing to grasp is that in the history of mankind - one nation has never owned so much of the collateral for debt than do the Chinese, over the United States. allowing them to purchase petroleum in Wal-Mart sized blocks. This purchasing power and our mortgaging of our future amount to a precarious financial position - one our nation has never placed itself in, ever. The specie has never faced such a finite game in its existence. Think of Japan in the late 30's and you might buy a clue.

Nubs
07-04-2008, 08:31 PM
What you're failing to grasp is that in the history of mankind - one nation has never owned so much of the collateral for debt than do the Chinese, over the United States. allowing them to purchase petroleum in Wal-Mart sized blocks. This purchasing power and our mortgaging of our future amount to a precarious financial position - one our nation has never placed itself in, ever. The specie has never faced such a finite game in its existence. Think of Japan in the late 30's and you might buy a clue.

So you are saying that Japan's Imperialism was created out of the lack of their own natural resources? Today, the US sits on vast amounts of their own natural resources but is not allowed to exploit them. So here we sit, as did Japan, without access to natural resources and beholden to other countries for needed materials. Sounds like the Greens and Dems are setting us on a course for our own imperialism. Seems logical to me that world peace relies on us developing our own resources.

Additionally, I hope you realize that energy costs must remain at current levels to economically justify alternative energy sources. Government is throwing all this money into wind, solar, biomass, etc. If we drill, we will drive the cost down to the point alternative sources will not be economically feasible. This is why Dems and Greens are fighting expansion of oil, nuclear, hydro and coal. Yet thay get a full on chubby over biomas. I would think burning our forests would be contradictory to them, yet to the Goracle and his ilk prefer it to oil, nuclear, and coal on the basis it is "carbon neutral"