I know this entirely off topic, could you post something about this please?
http://madmikey.mu.nu/
A Friend In Need
Mikey suffered a serious stroke last night, requiring hospitalisation and surgery to relieve the bleeding. The situation is uncertain at the moment.
Da Goddess is in touch with Mikey’s family, and will be posting updates and passing along messages. Please leave comments here or at her blog.
I’ll update this entry once I have more - and hopefully better - news.
Well, Iran is suggesting that merely by imposing sanctions, the cost of oil will rise significantly. But the truth is that their leader is already seen as being so crazy, every word out of his mouth causes changes in the price of oil. With him in power there still isn’t much certainty in stability. And there is even less reason to feel the Middle East will be safe and peaceful if he’s pursuing nuclear weapons. I don’t see any real benefit from appeasing this guy.
Can the Iranian economy survive without oil profits? If not, then what happens?
nobrainer - 10:01am on 01/16/2006
Of course, thanks to Democrats and other envirowackos, we’re not allowed to look for our own oil.
A while back, didn’t the leftist nuts try and accuse SUV drivers of supporing terror because of their huge gas guzzling SUV’s? Of course, the same can be said of them, since they refuse to allow any alternative sources of oil to be developed.
Sure, alternative things are nice, in the future, but what about right frigging now? Maybe if we had our own oil supplies, and didn’t have to deal with OPEC, we could politely tell the Iranian wackos and their leader where they can shove their black gold.
Steve - 10:01am on 01/16/2006
We pump about 40% of the volume of oil we use. Of course even if we did pump 100%, we’d still have to pay market price, whatever that is. But 12 million additional barrels a day (if that were possible) added to the world market would likely bring prices down very quickly. Plus it would make the US the dominant oil producer of the world.
nobrainer - 10:01am on 01/16/2006
Which is it steve are they refusing to allow for drilling or are they blocking efforts alternative fuel sources.
There are some that believe they are trying to block drilling in order to force them to develop alternative fuel resources.
There are alternatives available now what is needed is to get the cost of them down.
We do have our own oil supplies.
richard - 10:01am on 01/16/2006
The whole “market price” is a red herring.
When BP pumps oil in Suadi and ships it over here, do you really think they pay $63/barrel? No. It’s more like $12/barrel.
Now, if they can sell it for more than it costs without refining, then they get to charge the $63 to other companies.
Its a complex issue. If we implimented a policy similar to the one that says the military can only use oil from the US for the overall economy, then prices for us would drop to say $30.
But that’d be a form of socialism. Very nationistic socialism...which we don’t want to touch either.
But nothing like this will happen because of the oil industry’s power in Washington with both parties.
When it come to oil, no one in DC has America’s intrests first.
FreeRepublicans.com - 11:01am on 01/16/2006
So you’re saying that if we artificially limit ourselves to the 8 million barrels of oil a day that we are able to produce, the price of oil will go down by 50%?
nobrainer - 11:01am on 01/16/2006
Rob: Generally, I agree with what you wrote. I only object to one thing. You repeat the fear mantra that increased gasoline prices will bring bad economic consequences. The reality is that the only thing that has really bad economic consequences is a drop in overall demand. Increased prices bring forth supply. It’s basic econ, but we tend to forget that due to MSM fearmongering. Acting out of fear is never a good thing.
robert108 - 11:01am on 01/16/2006
We don’t get a drop of oil from Iran. ANOTHER EXCUSE BY THE THIEVING BARONS TO LINE THEIR POCKETS.
Prior to the shah Iran had a democraticaly elected government which we (USA) had overthrown and installed the shah for the more favorable conditions he allowed our oil companies to operate under.
Look at the results now.
ellinas - 12:01pm on 01/16/2006
It won’t matter if we go to war with to keep them from getting nukes or if we wait for them to use one, sooner or later oil prices will go up. The question is do we want 1,000,000 innocents dead from a terrorist attack with nukes, high oil prices and a war later or a war with high oil prices sooner?
I know this entirely off topic, could you post something about this please?
http://madmikey.mu.nu/
A Friend In Need
Mikey suffered a serious stroke last night, requiring hospitalisation and surgery to relieve the bleeding. The situation is uncertain at the moment.
Da Goddess is in touch with Mikey’s family, and will be posting updates and passing along messages. Please leave comments here or at her blog.
I’ll update this entry once I have more - and hopefully better - news.
TrackBack
Well, Iran is suggesting that merely by imposing sanctions, the cost of oil will rise significantly. But the truth is that their leader is already seen as being so crazy, every word out of his mouth causes changes in the price of oil. With him in power there still isn’t much certainty in stability. And there is even less reason to feel the Middle East will be safe and peaceful if he’s pursuing nuclear weapons. I don’t see any real benefit from appeasing this guy.
Can the Iranian economy survive without oil profits? If not, then what happens?
Of course, thanks to Democrats and other envirowackos, we’re not allowed to look for our own oil.
A while back, didn’t the leftist nuts try and accuse SUV drivers of supporing terror because of their huge gas guzzling SUV’s? Of course, the same can be said of them, since they refuse to allow any alternative sources of oil to be developed.
Sure, alternative things are nice, in the future, but what about right frigging now? Maybe if we had our own oil supplies, and didn’t have to deal with OPEC, we could politely tell the Iranian wackos and their leader where they can shove their black gold.
We pump about 40% of the volume of oil we use. Of course even if we did pump 100%, we’d still have to pay market price, whatever that is. But 12 million additional barrels a day (if that were possible) added to the world market would likely bring prices down very quickly. Plus it would make the US the dominant oil producer of the world.
Which is it steve are they refusing to allow for drilling or are they blocking efforts alternative fuel sources.
There are some that believe they are trying to block drilling in order to force them to develop alternative fuel resources.
There are alternatives available now what is needed is to get the cost of them down.
We do have our own oil supplies.
The whole “market price” is a red herring.
When BP pumps oil in Suadi and ships it over here, do you really think they pay $63/barrel? No. It’s more like $12/barrel.
Now, if they can sell it for more than it costs without refining, then they get to charge the $63 to other companies.
Its a complex issue. If we implimented a policy similar to the one that says the military can only use oil from the US for the overall economy, then prices for us would drop to say $30.
But that’d be a form of socialism. Very nationistic socialism...which we don’t want to touch either.
But nothing like this will happen because of the oil industry’s power in Washington with both parties.
When it come to oil, no one in DC has America’s intrests first.
So you’re saying that if we artificially limit ourselves to the 8 million barrels of oil a day that we are able to produce, the price of oil will go down by 50%?
Rob: Generally, I agree with what you wrote. I only object to one thing. You repeat the fear mantra that increased gasoline prices will bring bad economic consequences. The reality is that the only thing that has really bad economic consequences is a drop in overall demand. Increased prices bring forth supply. It’s basic econ, but we tend to forget that due to MSM fearmongering. Acting out of fear is never a good thing.
We don’t get a drop of oil from Iran. ANOTHER EXCUSE BY THE THIEVING BARONS TO LINE THEIR POCKETS.
Prior to the shah Iran had a democraticaly elected government which we (USA) had overthrown and installed the shah for the more favorable conditions he allowed our oil companies to operate under.
Look at the results now.
It won’t matter if we go to war with to keep them from getting nukes or if we wait for them to use one, sooner or later oil prices will go up. The question is do we want 1,000,000 innocents dead from a terrorist attack with nukes, high oil prices and a war later or a war with high oil prices sooner?