DISQUS

AMERICAblog: OPEC President: Oil at $150-$170 in near term

  • Andrew · 1 year ago
    There is absolutely no reason for the current energy crisis when the US for what ever reasons had the oil companies on the North Slope offAlaska back in the 70's, cap off exisiting oil wells that hold more oil than all of Saudi Arabia that could if necessary keep the entire country going for the next 200 years. All ready discovered , drilled and capped off by the powers to be under the cloak of national security? How about plain old greed?

    http://video.google.com/videoplay?docid=3340274...
  • hawkseye · 1 year ago
    I understand that if Bernanke would just raise interest rates, speculation in oil and commodities would end and the dollar would rise.
    What do others think about this?
  • Indigo · 1 year ago
    Probably true enough. It would also effectively freeze prices. The Mexican government did exactly that about a month ago on the theory that the price schedules are going through a readjustment.
  • hawkseye · 1 year ago
    Interesting: Discus sent me your answer as above combined with a later post of yours on the price of the dollar.
    Thanks for both. They give much food for thought.
  • SouthernYankee · 1 year ago
    WHY CAN'T THEY FREEZE PRICES ON OIL? ALL I KNOW THAT MANY PEOPLE MAKING LESS THAN $50,000.00 ARE HAVING HARD TIMES. WE WORK HARD AND WE HAVEN'T GONE OUT PLACES AND DON'T DRIVE AROUND TO MUCH. THE ONLY REAL EXPENSE IS GOING TO THE DOCTORS AND MEDICINES WE MUST HAVE. I NEVER WAS UNEMPLOYED OR COLLECTED UNEMPLOYEMENT OR FOOD STAMPS. I KNOW PEOPLE WHO NEVER HAVE EITHER BUT SOME ARE NOW IN THE POSITION OF HAVING TO GET FOOD STAMPS. I HOPE WE WON'T GET TO THAT STAGE. BUT SOMETHING HAS TO BE DONE TO HELP THE MIDDLE CLASS AND WORKING POOR.
  • doug · 1 year ago
    Bullshit. There is not enough oil in North America or offshore to "keep America going for 200 years". You are reading lies being put out by people who have no clue what is going on. The "peak oil" theory if very much real and is based on geological facts. The United States reached peak oil production in the early 70s.
  • Andrew · 1 year ago
    i know people that worked there inculding my dad. It's true and that's why the Russians want to get their hands on it. The Gull Island discovery hold more oil than all of Saudi Arabia and that's no bullshit.
  • Busboy · 1 year ago
    Those were "corehole or "test" wells, Andrew. The majors, especially ARCO, found huge reserves that couldn't be exploited after Carter declared the area "off-limits". Russia is now trying to claim most of the north pole 'under ice' acreage because recent studies have shown that in the past, when global temps were warmer, geologic formations were laid down which may contain incredible amounts of oil. Russia has military operations ongoing to try and solidify their claim.
  • brian · 1 year ago
    Can we close the Enron loophole now? Can we have a strong Dollar now?

    Since there is no quick solution to the problem, why not invest in renewable energies instead of just the same old solution that will probably cause issues again in the future?

    Too reasonable for most.
  • jlmeal · 1 year ago
    JOHN McCAIN’S 3R ECONOMIC PLAN 2008
    Abbreviated version

    Progressive Republican Candidate John McCain comes through for America with his 3R economic plan. In the persona of Theodore Roosevelt, McCain’s plan just makes sense.

    NUTS AND BOLTS of the plan are simple.

    The US needs a separate tax revenue source before it can move away from fossil energy fuels which supply hundreds of billions of dollars in taxes for state and federal agencies.

    Here is the John McCain 3R solution.

    McCain’s 3R is about technical, closely monitored and rapid hands on training from pros to create new pros. Thousands of currently-job-displaced “once leaders in the manufacturing arena” will be asked to train and play instructor rolls in the 3R plan.
    Paid, of course, as these new leaders will help create a whole new style of prosperous America. A massive restructure providing thousands of new American MFG companies means millions of new jobs for infrastructure alone.

    1. RETHINK: America must see globally on what America is capable of in our current state of technology, engineering and meet the demands that face the world.

    “RE-Think” the basic job goals involve the dwindling retirement, health care and social security plans that are failing Americans. With a strong base and a higher Gross Domestic Product (GDP) America has a new bargaining chip in the way we live and the ways we retire.

    Private Sector framework is in place and current laws allow the 3R to happen. The Progressive attitude of John McCain to get things done by crossing party lines will resurrect America.

    2. REFORM: The American people must demand higher quality products and less restricted trade routes for Made in USA components. We will lead the way of MFG again!

    The USA will reform its dead manufacturing base to create the most innovative and green-engineered products possible. We will compete in a world market along with other high quality products. Our Private Sector teams are making this reality now.

    3. REINVENT: America and Americans must reinvent themselves to reach and maintain these standards and by sheer American ingenuity, control the world’s marketplace in the competitive manner, as the USA has always been proud to be #1.

    Americans are going back to McCain’s 3R-schooling program where they are paid to reinvent their skills and learn new skills to design and lead their personal LLC, Corporation or joint venture company. That’s easy enough to comprehend and just as easy to implement.

    The 3R plan is designed as a six-month rapid advancement system. Graduates may return for additional skill enhancements from time to time, or step up after new advanced training in executive management.

    New jobs are the mainstay for Creating a new guard for Social Security.

    While manufacturing is a very important part of this plan, thousands of other new businesses must to be created to meet the new surge of 3R manufacturing industries to create a new era of prosperous Americans.

    Initial estimates of 1 in 5 students will begin his or her own company and drive even more Americans into a viable lifestyle with real jobs, real benefits and a retirement to look forward to.

    This 3R plan will be done without costing taxpayers (or the government) additional funds. America has the means to follow through with John McCain’s 3R plan, ready and in place across the USA. The buildings we need sit vacant for the most part. By assuming leases on abandoned stores and factories across America with MC-3R schools and mini-manufacturing training centers, the USA made products can be sold and support the stores. Building owners write off the loss in taxes over a few years if they donate the space!

    This is the new place for financial speculators to invest!

    The speculators who first drove the economy with mortgage investments and most recently with crude oil investments have a better arena for their investments. America as nation of industrious individuals who want to work and want to succeed will make them huge profits. The supply of eager Americans with ideas and dreams to prosper is limitless.

    Although the thousands of new businesses manufacturing USA Made products is exciting enough, the real excitement comes from the massive amount of additional jobs that will be created to provide the new housing, new buildings, new parks, shopping, grocery stores, schools, government outlets and so much more.

    McCain’s Progressive nature embodies Theodore Roosevelt more than any US presidential candidate in history since the original Rough Rider blazed the greatest era of growth in America.

    We need John McCain to lead our nation with the same type of change.
  • brian · 1 year ago
    McCain's plan will lead to the rich getting richer and the working class getting poorer. McCain wants to lower taxes for business, which I am in favor of, but he does not want to close the loopholes that allow businesses to pay little or no taxes.

    McCain wants businesses to do away with health care plans. Then the insurance companies can pick and choose who they want to insure, while others will either have no insurance or pay ridiculous prices.

    McCain's business plans will actually allow more jobs to go overseas. John McCain and most of the Republicans are beholden to big business. If you think he cares about the average person, you are kidding yourself. His job is to make the fat cats fatter. While he has come out about CEO pay, that was a one time off. Suddenly he is the champion of petrol companies, just like his buddy Bush.

    Obama is not an ideal candidate either. But I would rather vote for someone who believes in our society than someone who wants an every man for himself mentality and that we can live in 1787 today.

    McCain is not progressive and the comparison to Teddy Roosevelt is completely off base. Roosevelt believed that companies should be controlled and that the average person should be above the businesses, which is completely opposite to McCain's and the Republican Party's position.
  • SouthernYankee · 1 year ago
    THAT IS THE FIRST THING WE NEED TO DO. CLOSE THAT DAMN ENRON LOOPHOLE. MCFLIPPER IS GETTING FUNDS FROM THAT LOOPHOLE.
  • Busboy · 1 year ago
    Hawkseye, dougsmiley; please educate yourselves. We only have to find enough oil to get us to the efficient hydrogen or battery powered car. Then, we're golden for several centuries. I'll post a new tech video you should see.
  • jlmeal · 1 year ago
    Hey Busboy, now I see who you are and what you are going for.
    I, too, am a Green Engineering type of person. WE cannot leave oil without first replacing the gas taxes and other fuel taxes. The gov't would fall apart. McCain's 3R plan is really it.
    I am taking the lead in with this plan and we will make it work!
    This is about Americans jobs and our livelyhood and far too important to play tax and spend and over regulate like Obama's handlers have him set up to do.
    Please, understand, I am on your side and we need to fight this the right way.
  • SouthernYankee · 1 year ago
    WE NEED TO GET THE F K OFF OF OIL. THE COUNTRY HAS SMART PEOPLE. WE NEED ALTERNATIVES. WE DON'T HAVE TIME TO PLAY GAMES.
  • Busboy · 1 year ago
    Please review this and give feedback:

    http://www.valcent.net/i/misc/Vertigro/index.html
  • SINGING_TROLL · 1 year ago
    black gold
    texas tea
    ba-na-na!
  • Busboy · 1 year ago
    Wan't exactly the feedback I was hoping for....
  • Busboy · 1 year ago
    Wish I could type and drink concurrently....
  • OlderAndWiser · 1 year ago
    We can't make it here anymore...

    http://thecylinder.wordpress.com/2007/03/14/we-...

    Priceless. Wish he'd get more air time.
  • jlmeal · 1 year ago
    We are on the same side.. This 3R plan will work.
  • SouthernYankee · 1 year ago
    Ya right.
  • jlmeal · 1 year ago
    Hype and anti-labor business plans from the left or McCain's 3R Plan?
    Which do you choose?
    JOHN McCAIN’S 3R ECONOMIC PLAN 2008
    Abbreviated version

    Progressive Republican Candidate John McCain comes through for America with his 3R economic plan. In the persona of Theodore Roosevelt, McCain’s plan just makes sense.

    NUTS AND BOLTS of the plan are simple.

    The US needs a separate tax revenue source before it can move away from fossil energy fuels which supply hundreds of billions of dollars in taxes for state and federal agencies.

    Here is the John McCain 3R solution.

    McCain’s 3R is about technical, closely monitored and rapid hands on training from pros to create new pros. Thousands of currently-job-displaced “once leaders in the manufacturing arena” will be asked to train and play instructor rolls in the 3R plan.
    Paid, of course, as these new leaders will help create a whole new style of prosperous America. A massive restructure providing thousands of new American MFG companies means millions of new jobs for infrastructure alone.

    1. RETHINK: America must see globally on what America is capable of in our current state of technology, engineering and meet the demands that face the world.

    “RE-Think” the basic job goals involve the dwindling retirement, health care and social security plans that are failing Americans. With a strong base and a higher Gross Domestic Product (GDP) America has a new bargaining chip in the way we live and the ways we retire.

    Private Sector framework is in place and current laws allow the 3R to happen. The Progressive attitude of John McCain to get things done by crossing party lines will resurrect America.

    2. REFORM: The American people must demand higher quality products and less restricted trade routes for Made in USA components. We will lead the way of MFG again!

    The USA will reform its dead manufacturing base to create the most innovative and green-engineered products possible. We will compete in a world market along with other high quality products. Our Private Sector teams are making this reality now.

    3. REINVENT: America and Americans must reinvent themselves to reach and maintain these standards and by sheer American ingenuity, control the world’s marketplace in the competitive manner, as the USA has always been proud to be #1.

    Americans are going back to McCain’s 3R-schooling program where they are paid to reinvent their skills and learn new skills to design and lead their personal LLC, Corporation or joint venture company. That’s easy enough to comprehend and just as easy to implement.

    The 3R plan is designed as a six-month rapid advancement system. Graduates may return for additional skill enhancements from time to time, or step up after new advanced training in executive management.

    New jobs are the mainstay for Creating a new guard for Social Security.

    While manufacturing is a very important part of this plan, thousands of other new businesses must to be created to meet the new surge of 3R manufacturing industries to create a new era of prosperous Americans.

    Initial estimates of 1 in 5 students will begin his or her own company and drive even more Americans into a viable lifestyle with real jobs, real benefits and a retirement to look forward to.

    This 3R plan will be done without costing taxpayers (or the government) additional funds. America has the means to follow through with John McCain’s 3R plan, ready and in place across the USA. The buildings we need sit vacant for the most part. By assuming leases on abandoned stores and factories across America with MC-3R schools and mini-manufacturing training centers, the USA made products can be sold and support the stores. Building owners write off the loss in taxes over a few years if they donate the space!

    This is the new place for financial speculators to invest!

    The speculators who first drove the economy with mortgage investments and most recently with crude oil investments have a better arena for their investments. America as nation of industrious individuals who want to work and want to succeed will make them huge profits. The supply of eager Americans with ideas and dreams to prosper is limitless.

    Although the thousands of new businesses manufacturing USA Made products is exciting enough, the real excitement comes from the massive amount of additional jobs that will be created to provide the new housing, new buildings, new parks, shopping, grocery stores, schools, government outlets and so much more.

    McCain’s Progressive nature embodies Theodore Roosevelt more than any US presidential candidate in history since the original Rough Rider blazed the greatest era of growth in America.

    We need John McCain to lead our nation with the same type of change.
  • OlderAndWiser · 1 year ago
    In a couple of words: Pure Bullshit.
  • lynchie · 1 year ago
    Not Pure Bullshit---rather complete bullshit. After 5 years we can't train the Iraqi's to become police or military. Retraining is great but to do what. The money to start a business is kept for the inner circle. jlmeal do you really think Harry from across the road will get a loan to start a new business. You better get on the Straight bullshit Express and get a seat up front. It is headed for a big bend with no guard rail. Up front you will be able to see it go way out there. You right wing fascists are great at spewing crap. In the end it is the same old story, tax breaks for you, nothing for the rest of us.
  • SouthernYankee · 1 year ago
    I bet jmeal is pushing that the surge in Iraq worked. Its to bad he is drinking the cool aid. The purpose of the surge has not been met. If you think Flipper is so great you enlist and get your ass kicked in Iraq.
  • lynchie · 1 year ago
    The right are big mouths, lots of big balls stuff. When it comes to defending America they never show up. Their form of patriotism is yellow magnet ribbons on the van and a lapel pin. they shout you down and convince everyone they fought in every major battle in the last 10 wars. Funny, like Bush they find a way to sit on the sidelines and throw shit balls. Fighting is for someone else and someone else's kids. They go to special schools get deferrments (Cheney got 5), and claim they are tough guys.
    Fuck em.
  • SouthernYankee · 1 year ago
    You are so right. The same with the american flag. They go after Obama because he didn't wear one. My dad, father-in-law and husband between the 3 served 60 yrs in the military. They never wore a pin. If that makes you a hero this country is in deep, deep trouble. Just wait when Bush/MccCain start war with Iran all for the office of the presidentency. All hell will finally break because if those precious little republicans have to send their kids you watch all the kids out in the streets. Blood will be spread.
  • jlmeal · 1 year ago
    Obviously, you have no idea what you are talking about.
    I am showing you the only viable plan here.
    I am pushing THIS PLAN and Obama has laws planned that will block people from starting their own businesses. What can't you comprehend about that?
    Yes, Harry across the road, would be able to have the same opportunity to succeed as anyone else unless he's a crack head or meth freak who refuses to work.
    Makes perfect sense to most people.
  • lynchie · 1 year ago
    Senator Obama is going to enact laws to stop people from starting a business? Get your head out of the horse's ass. Provide any proof, any link, anything that proves this unadulterated horseshit. Go away, your mommy has your pudding ready.
  • jlmeal · 1 year ago
    What is it you can't see here? Ths is not an AFL CIO BULLSHIT plan.
    This is real and this is American based.
  • SouthernYankee · 1 year ago
    Everyday your buddy changes his mind. That is why he is a flip flopper.He
  • Indigo · 1 year ago
    It's possible that global pricing is going through a complete readjustment. The price of gold is about to stabilize at the 850-925 USD level. That effectively revalues the dollar at half its pre-Iraq invasion level, the new value for the foreseeable future. That changes everything and the dollar levels off at its new value: 1€ = $1.50-1.57 That's how the price of oil is being reset at around $150.00. The price of oil is really 100€ and that's the new standardized values. Isn't that clever? We should be so smart.
  • Andrew · 1 year ago
    Guess again Indigo. Gold is sitting at $932 and heading for $1,200 then $1,650 and beyond. You can't print your way out of the triple deficits we currently face and the dollars strangle hold on the rest of the world as its reserve currency is fading fast. We have become a service society rather than a society that produces anything of meaningful value. High tech jobs keep getting sourced out off shore and our rust belt isn't even worth the
    cost of scrap metal.
    We as a country have to do two things before we can regain our former
    status. first, get rid of the Federal Reserve, go back to a treasury banking system and back the dollar with something of value like gold and silver
    which got Kennedy into trouble. Second. We have to get inventive again so
    that we can rebuild our basic industries along with new industries that can get a foot hold in emerging technologies like alternative energy. Rather than building bombs and guns, our industrial complex should be deep into R & D in finding new sources of clean energy.
    If the Japanese can build a car that runs on nothing other than water and gets 80 miles to a quart, then why can't we?


    http://youtube.com/watch?v=EWFbYz2zwRo
  • Indigo · 1 year ago
    So many issues! Here's one to reconsider: "We as a country have to do two things before we can regain our former status" I respect your point but there's one thing you haven't looked at: we're not going to "regain our former status" because 1. we have a "service" [read: lazy] economy and 2. we haven't got the brain power to do those things anymore and 3. we haven't got an educational system to support that kind of thinking and 4. the voting public doesn't understand that there's a problem.

    Welcome to the Spanish Empire, 1890.
  • jlmeal · 1 year ago
    Gold prices rise when the Federal reserve note rate falls... right?
  • SouthernYankee · 1 year ago
    You got a lot of good suggestions.
  • Busboy · 1 year ago
    So, jlmeal, John McCain is basically a fascist who wants huge tax increases? Can't wait to vote for the doorknob that hits him in the ass.
  • jlmeal · 1 year ago
    Why would you equate McCain to tax increases whne it's Obama who claims that is the way to save the people who refuse to work? What can't you agree with on McCain's 3R Economic Plan?
    I am the mainstay in the private sector for pushing this plan and Obama has nothing that can or will touch it (or I might support him instead if it weren't for his Chicago and AFL CIO mob ties).
    This si the deal, anything else is socialist bullshit.
  • SouthernYankee · 1 year ago
    Love that socialism. Maybe we all can share in the wealth instead of the top 2% of americans. Its time the country helps the working class and lower working class. Yes, its time to f--k the upper class and share the wealth.
  • lynchie · 1 year ago
    McCriminal says the 3R's are reading, riting and rithmetic idiot. The 3R stand for WRONG, WRONG AND WRONG.
  • ShirleyGoodnessanMercy · 1 year ago
    I hope gas doesn't go so high that John "Eight Homes" McCain can't travel to all 8 of his houses frequently. Gosh, that would be such a hardship on the poor "8 House McCains."
  • jlmeal · 1 year ago
    Many people own several homes... I don't own the house I'm in and foreclosure is knocking at the door. We need the opportunity to actually do our own USA BASED JOB 'deal' rather than hold down jobs to make some junk product importer money.
    If you had the funds, you too would buy houses ESPECIALLY If it makes it cheaper to own a home than to pay rent or motel space when you travel. Besdes, Cindy McCain is filthy rich fromthe inherited beer company. Obama's are rich from taking kick backs, specialinterest funding and his ugly book deals.
    We cannot get rid of gad until we get new tax revenue from new sources. McCain's 3R is perfect!
    Obama will only limit American's ability to start their own jobs unless they go throught he AFL CIO mob.
  • SouthernYankee · 1 year ago
    Boy your a dummy. Your buddy McFlipper is living off his wife's income and travelling off her dime buddy. He is an old, old, old man. He has had cancer and what VP you want. The Indian from the Katrina area who believes in creationism. You need to get real. If McFlipper dies in office you'll get the Indian or the flip flopper from MA. Get real
  • Shannon · 1 year ago
    http://www.unique-design.net/library/manipulati...

    Go to the bottom to see a list of companies outsourcing jobs
  • jr · 1 year ago
    "time for another rate cut"-helicopter ben
  • Vince in Cedar Rapids · 1 year ago
    UMMM, It is going to be a LOT more than $150 - $170 if Bush attacks Iran! Congress better at least do ONE thing right and reign this mad man in, or we are all going to be in big trouble.

    http://www.cnn.com/2008/WORLD/meast/06/29/us.ir...
  • SouthernYankee · 1 year ago
    I find it interesting that now Bush/Cheney will be leaving office in a matter of months I wonder how much money they will make off with these deals. You know wanting to drill oil off the FL coast. Iam willing to bet they will be making millions off the blood and sweat of our soldiers and american people. Remember when the first came in and Cheney wouldn't tell who attended their oil meeting. To this day we still don't know. Makes you wonder.
  • Busboy · 1 year ago
    I hope they open up ANWR so we can get the big oil companies out of Oklahoma so us little guys can make a living...
  • paulbe · 1 year ago
    Oil spiking for a few reasons. Greedy speculators trading in essential items (food, oil) to rebuild balance sheets shot to hell by the credit disaster. Outrageous sabre rattling by a certain vicious little Mid-Eastern country against a neighboring oil producer, and most of all, a completely debased and devalued US dollar still functioning, unfortunately, as a global reserve currency for settling international trade in oil contracts. No good blaming OPEC this time.