We, you am I, are the financial backers of this "New World Order", a phrase which hasn't been uttered in almost a year, but it is waiting in the wings I fear.

We have all been too relaxed and happy to notice that there are processes at work that will be certain to reduce the size of our wallets.

The "Talking Heads" will tell us who to vote for and then all we can do is wait.

Every expert that gets air time has a different version of what is behind this turmoil.

I am trying to avoid watching the news because it is being designed to confuse us.

We have to listen to every word, examine each word and phrase and then use our common sense PLUS our memory or years past.
People have very short memories and "THAT" is what "THEY" are betting on.

We don't want to miss the elevator and get the shaft.
We already pay too much and it is THEIR turn to spend less.

The internet is the only way to try and search out the truth, because "THEY" certainly won't.

If a politicians mouth is open they're lying.

The only thing that looks good on a lawyer
IS A DOBERMAN PINCHER.

My point earlier was: We wouldn't have to depend on anyone for oil if the government would just allow drilling our own. Then it wouldn't matter what is going on in the middle east. Why haven't we built any refineries? It could be government regulations or fear of lawsuits by the same group that sued to prevent rebuilding the walls around New Orleans (we see how that turned out).

This message has been edited. Last edited by: Hitchhiker,

quote:

Originally posted by evan0810:
My point earlier was: We wouldn't have to depend on anyone for oil if the government would just allow drilling our own. Then it wouldn't matter what is going on in the middle east.

Why would oil produced in the United States sell at anything less than world market prices? If you owned the oil, would you sell it at, let's say, $50/bbl in the U.S. when you could sell it at $135/bbl in the world market?

Rusty



_{Edited quote.}

This message has been edited. Last edited by: Hitchhiker,

Bummer, the gas prices have finaly hit us too hard. My Wife and I have decided to call it quits. Gas prices jumped up overnight and have hit the $5 a gal mark. We leave today for our annual week long camping trip with a full tank of gas, plan to burn that up which should get us back home again. After that the MH sits next to the house and the bank will have to come and get it. We have to shift the funds spent on the MH to the ever escalating cost of the things we need to live on. Our retirement dream went down the tubes. I'm sure I'm not alone. It's been fun and maybe another day.

Simple supply and demand, we drill and develop our own oil here in the US, that will put a lot more oil on the world market, driving the price down. Plus, exponential side bonuses, domestic jobs, the money wouldn't go to foreign governments, some of which are obviously hostile to the US, and then our country (companies and employees) could also take advantage of China and India's expansion by selling our oil to them for a change (assuming we actually managed to produce more than we could consume at a given moment, perhaps a lofty goal).

China thru an agreement with Cuba is drilling 20 miles off Key West--they will put their straw in the oil first-----------

Drill our oil now""""""""""

Tom

quote:

Originally posted by Tom Meredith:
China thru an agreement with Cuba is drilling 20 miles off Key West--they will put their straw in the oil first-----------

Drill our oil now""""""""""

Tom

Not 20 miles......In truth......."With just 90 miles separating Cuba and the Florida Keys, Cuba has LEGAL rights to oil and natural gas reserves in its half of the Florida Strait. Cuba can, therefore, produce or lease for production oil and natural gas reserves as close as 45 miles from U.S. shores."

Cuba is leasing the rights to drill and US oil companies are banned from bidding because of the federal law banning US financial business with Cuba.

-Tom

quote:

Originally posted by afrank1971:
Simple supply and demand, we drill and develop our own oil here in the US, that will put a lot more oil on the world market, driving the price down.

Increased demand will out pace increased supply created from newly drilled wells.

What will bring down worldwide oil prices is a world wide recession. A world wide recession is a distinct possibility.

-Tom

quote:

Originally posted by afrank1971:
Simple supply and demand, we drill and develop our own oil here in the US, that will put a lot more oil on the world market, driving the price down. Plus, exponential side bonuses, domestic jobs, the money wouldn't go to foreign governments, some of which are obviously hostile to the US, and then our country (companies and employees) could also take advantage of China and India's expansion by selling our oil to them for a change (assuming we actually managed to produce more than we could consume at a given moment, perhaps a lofty goal).

Let me try to explain something to you. I will only use Utah although that is one of five states I am aware of. Ok Utah has 50 to 100 oil wells sitting capped. CAPPED!!! That means the oil is there ready to pump or flow. Its sitting capped because we have no place to refine it. We have no place to refine it. The same in these other states. The US ships oil to three other countries I know of to process oil to fuel. The US does not need foriegn oil but they need a place to refine it. Until we build refineries we cannot break that need. That is why we suffer these prices. Right now it seems that three locations in the US are going to go ahead and tell congress to kiss this and shoot enviromentalists if they get in the way and go ahead and build refineries. But it will take five years until even one of them come on line. I hope you will understand now what has to happen. This bit of china getting in first is a crock of scare tactics and nothing more IMHO.

This message has been edited. Last edited by: Route 66,

quote:

Originally posted by afrank1971:
Simple supply and demand, we drill and develop our own oil here in the US, that will put a lot more oil on the world market, driving the price down. Plus, exponential side bonuses, domestic jobs, the money wouldn't go to foreign governments, some of which are obviously hostile to the US, and then our country (companies and employees) could also take advantage of China and India's expansion by selling our oil to them for a change (assuming we actually managed to produce more than we could consume at a given moment, perhaps a lofty goal).

IMHO what you are saying is nothing more than fear or a scare tactic.
There are five states that I know of that have oil wells sitting capped. CAPPED!!! Waiting for a place to refine the oil. They also are still drilling for oil in these states and capping them for the day when those refinery are built or we sell the oil to some other country. We need refineries and we could totally cut the strings to other countries for anyting dealing with oil. But until they come on line we suffer. IT will take five years to build one and bring it on line. There are three states/locations in the US telling congress and the enviromentalist to kiss this while they build refineries. Sadly we bite the bullet for five more years until they come on line and than maybe even than we wil bite the bullet until we can cut the opec strings. That is if we cut that string. We have more oil in any one of three states in the US to last us 100 more years and than some.