DISQUS

AMERICAblog: OPEC suggests "significant" cut in oil production

  • sumergocognito · 1 year ago
    Just keep trying boys, you'll kill that golden goose eventually. Perhaps I'm the only one pleased to hear this. Besides alternative energy, how about build more inter-city rail?
  • fostert · 1 year ago
    I said this on the second day of the First Gulf War: "If we can spend a billion dollars a day on this war, can't we spend a billion dollars a day on alternative energy? We might might avoid the next war that way." I think it's time to renew that statement. Granted, I renewed it last time, and it didn't do any good. But maybe this time.....
  • fostert · 1 year ago
    ... just once, let's try the 'not fighting a war' thing. Just as a trial offer. No guaranties, let's just try it. And, hey, if we don't like it, we always have the 'good ol' war' thing to go back to. Take your pick.
  • Wisconsin Liberal · 1 year ago
    Start a draft to "protect our oil". That will be the big push for alternative energy.
  • anotherdumguy · 1 year ago
    One of the few things I like about McCain's campaign is his declaration that we need to build more nukes. There is really no other answer in the medium term that will give us the same payback, both in terms of reducing global warming and reducing our need for imported oil. Doubling the size of every existing reactor and a massive upgrade of our electrical grid would have a dramatic impact. Our transportation system has to be based on electricity.
  • lynchie · 1 year ago
    The thought of replacing 200 million cars with electrical is incomprehensible. We do not make electricity with oil. Oil is used to move goods and service, chemical industry and a huge impact can be made in that usage by making a vehicle that gets more than 22 miles per gallon.
  • samiinh · 1 year ago
    Check out this book: Freedom From Oil: How the Next President Can End the United States' Oil Addiction by David Sandalow. Electric cars can be a reality.
  • lynchie · 1 year ago
    Yes they can, how ever we need to find self sustaining electrical supplies without resorting to cars in the short term. Wind power and solar are relatively cheap and can produce thousands of kilowatts of power.
  • lynchie · 1 year ago
    Building enough nuclear power plants will take 20 to 30 years.
  • fostert · 1 year ago
    I'm open to nuclear, but I'm not convinced that it's really a good idea. So far, it's proven to be a very expensive way to get electricity. Solar and wind technologies can already beat it if we have the right electrical grid. Nuclear power could make up the gaps, but why shouldn't we make up those gaps with the existing coal plants while we're taking them off line? And given that solar technology can be brought on line just as fast, why do we even need the stopgap measure? Why not just go straight to a sustainable solution?
  • fostert · 1 year ago
    With you on the electric transportation. But it's not as easy as it sounds. It's one thing to control physical forces. It's quite another thing to change minds.
  • lynchie · 1 year ago
    We need to go back to 1973 when Kissinger proposed invading Iraq to secure the oil we have been held captive not only by the greed of the Arab countries but by the greed of our politicians and the oil companies.
    We need to get off this and Carter was the first to really push for alternative energy development. So here we are 30 years later and we are little farther ahead. We have crude wind energy, crude solar and no national plan to deal with how we transport our goods and people. When we disbanded the rail system we helped seal our dependency on roads as the way to move goods and people.

    Read this overview of the middle east and the role that the British played in Iran and Iraq and it also details the CIA's involvement in putting the Shah into power in Iran.

    http://www.doublestandards.org/everest2.html

    Given these constraints, the U.S. opted to work through Saddam Hussein’s Iraq, whose secular nationalist regime was ideologically and politically threatened by Iran’s Islamic revolution (including because 60 percent of Iraq’s population were Shi’ites who were oppressed under Saddam's rule). In the spring and summer of 1980, the U.S. encouraged an Iraqi attack on Iran (possibly including via a direct meeting between Hussein and either Brzezinski or high-level CIA agents in Jordan). On September 22, 1980 Iraq invaded southwest Iran.

    Brzezinski's was the conduit from Rumsfeld and the CIA, Bush Sr., directly to Saddam.

    These Reagan backers (including many who would be leading neocon hawks in George W. Bush’s administration) feared that if Carter won the hostages’ release he would win re-election. So they worked to make sure this didn’t happen. Over the summer of 1980, Reagan’s top advisors made a secret agreement with the Islamic Republic: if Iran continued to hold the hostages through November’s election and Reagan won, he would lift the economic sanctions imposed by Carter and allow Israel to ship arms to Iran. Former Carter official Gary Sick called it “nothing less than a political coup.”

    The whole article will give you much more understanding of the reasons why the U.S. and Britain are responsible for the chaos in that region and around the world. It is all about the control of resources.

    If OPEC cuts production you can expect lines at the pumps and runaway inflation. The oil companies will seize the opportunity to raise prices to keep profits up. This on top of the financial collapse is what waits for Obama and there is no doubt in my mind that the Republicans will pound home both issues as being his miscalculations and his inexperience. We know McCain/Palin would simply invade to guarantee the profits for the top 1%. This is a chance for the U..S. to get off the oil tit and even if it is more expensive let the Arabs eat their oil.
  • samiinh · 1 year ago
    Much of the oil consumed in the US doesn't come from OPEC nations. Our biggest suppliers are Mexico and Canada. Only a small percentage comes from Saudia Arabia and Iran.
  • Wild_Weasel · 1 year ago
    Hey, they have to pay for those indoor ski slopes in Dubai.
  • tofubo · 1 year ago
    and if we drill here, drill now, cannot they cut production there, cut production now ??

    the arabs have taken billions of dollars out of this country, and now they must put it back!
    it is ebb and flow, tidal gravity! it is ecological balance!


    and on that line, who's put in stakes in wall street of late ?? just askin'
  • Redvines · 1 year ago
    We can cut energy use by more than 50% TODAY! Geothermal technology in the form of heatpumps are available today. I installed one late December 2006. My energy use from 2007 was 63% less than 2006. I no longer use propane thus reducing global climate changing emissions. The cost benefit analysis shows it will take seven years to pay off the initial cost.

    Read the following link:
    http://www.geoexchange.org/
  • DorothyGale · 1 year ago
    "If the cut is 1.5 million barrels per day, then it will be 1.5 million barrels. If it is 2.0 million barrels per day, it will be 2.0 million barrels per day," added Khelil, who is also Algeria's energy and mining minister.

    Do these people talk because they like the sound of their own voices? That statement from the Algerian Princess means nothing to me. That's like saying, "If there's three Toyota's in my driveway then there's three Toyota's in my driveway." WTF?
  • cosanostradamus · 1 year ago
    .
    Apparently, the billionaires in bedsheets want Obama too. Well, just a few more days of heinous economic news, and the Republican Party can be declared officially dead. Now, about that socialism... Oh, and let's hope Barack has his own hand-picked men on his Secret Service detail. Or gas prices might never go down.
    .
  • Milli · 1 year ago
    So they'll cut supply, raise prices again, and then we'll decrease demand again and the price of oil will go back down. Then they'll start the cycle all over again?
  • Jophus · 1 year ago
    Except our demand isn't going up. They are going to raise the price and cut demand even more.

    They are making poor economic decisions.
  • woodroad34 · 1 year ago
    The great Republican lie -- along with 'compassionate conservatism" and "pact with America" -- "we will not negotiate with terrorists" is broken once with Moktada Al Sadr and now with the country that spawned the animals that caused 9/11.