#1 Fears, Again, of Oil Supplies at Risk07-02-2008, 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/fullpag...53C1A9679C8B63At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
07-02-2008, 08:20 PM
Yep, the Democrats once again have helped the enemies of America reach their objectives!
THANK YOU DEMS!!!!! :mad:
07-03-2008, 10:41 AMAt Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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.
07-04-2008, 12:28 AM
07-04-2008, 08:31 PM
- Join Date
- May 2008
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"
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