$100 A Barrel Oil is on the Way

[TennTradition]

Excuse me. ANWR.

...I was just enjoying the back and forth.

 

[allvol123]

Glad to hear it. Makes me feel better to know my endless slacking at work does some good in this world.

 

[VolsNSkinsFan]

Glad to hear it. Makes me feel better to know my endless slacking at work does some good in this world.

yea I just noticed that... my bad, not paying attention

 

[BigPapaVol]

So, did I miss an inside joke, or do you each have your own unique acronym for ANWR?

Heck, all this time I've been trying to figure out what Sadat had to do with this price runup.

 

[allvol123]

:the_finger:BPV.

 

[TennTradition]

Heck, all this time I've been trying to figure out what Sadat had to do with this price runup.

 

[BigPapaVol]

:the_finger:BPV.

doesn't TT get some love too. He was the first to point it out, since I was busy researching Egyptian leadership and assassination legacies.

 

[allvol123]

Press Release :: Congresswoman Nancy Pelosi, California, 8th District

An old press release from Pelosi. Perhaps you can update us with your progress Miss Pelosi?

 

[allvol123]

doesn't TT get some love too. He was the first to point it out, since I was busy researching Egyptian leadership and assassination legacies.

I took his post more as a teacher kindly pointing out to a student a simple error. No harm. You sounded more like a smartass older brother.

 

[TennTradition]

Press Release :: Congresswoman Nancy Pelosi, California, 8th District

An old press release from Pelosi. Perhaps you can update us with your progress Miss Pelosi?

That is embarrassing...but the bad part is that she would try to explain it away and still blame the administration or something. The truth is that Congress can do little...and they shouldn't act like they can.

 

[volsforever27]

Oh, it will be 5 years before we would notice a difference after drilling...

 

[allvol123]

Good Lord! 5 years? That time will never come. Dems are right.

 

[utvolpj]

Good Lord! 5 years? That time will never come. Dems are right.

Imagine how long it's going to feel after November

 

[BigPapaVol]

Imagine how long it's going to feel after November

I tried, but passed out before the pain became too unbearable.

 

[allvol123]

Imagine how long it's going to feel after November

True. Matter of perspective I guess.

 

[VolsNSkinsFan]

Oh, it will be 5 years before we would notice a difference after drilling...

Thats not true because Oil speculators would start to sell future long term contratcs instead of buying. Just knowing that more oil will be available in the future would ease the prices.

 

[BigPapaVol]

Thats not true because Oil speculators would start to sell future long term contratcs instead of buying. Just knowing that more oil will be available in the future would ease the prices.

but those speculators have to have a buyer on the other side to consummate the transaction. The day of the speculators driving the oil market will subside and pricing will better reflect supply and demand, as it should.

 

[VolsNSkinsFan]

Let me rephrase that... It would bring in more people who would be willing to sell oil contracts like the oil company who is drilling offshore to lock in production in today's prices to insure a profit, instead of everyone trying to buy oil contracts like they are today because nobody currently knows where our oil will come from in 5 years.

 

[volsforever27]

Thats not true because Oil speculators would start to sell future long term contratcs instead of buying. Just knowing that more oil will be available in the future would ease the prices.

That was a jab at Obama.

 

[VolsNSkinsFan]

That was a jab at Obama.

Gotcha :good!:

 

[VolsNSkinsFan]

Really good article in bloomberg about wildcatters

http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=BEXP:US&sid=ayj1uo_gdNI4

 

[superdave1984]

Just saw this article. I can't understand the methodology here. Instead of doing something about high prices, stop allowing credit card purchases? Ok, I understand the transaction fees, but wouldn't it be more beneficial for everyone if they worked to get the prices down instead?
Some gas stations banning credit cards - Oil & energy - MSNBC.com

 

[VolsNSkinsFan]

Oil down on reports China is raising prices for Gas, Diesel, and Jet fuel. Oil down 2% due to concerns this may slow growth in China

Oil drops as China says it will raise fuel prices: Financial News - Yahoo! Finance

 

[allvol123]

I suggest this plan for Obama since he hates Big Oil so much.

Obama
- confident alternative energies that are efficient and affordable are within reach
- confident that drilling in ANWR and offshore is a waste as it will not help for 10 years and by then we will not need it.

Then, let Big Oil have ANWR and offshore drilling. Thus, 10 years from now when we are weened off of oil, look at the huge economic losses these companies will incur as they are getting their first taste of the oil from these places and no one needs it any longer. A Win/Win for you Obama!

 

[MG1968]

how is Obama going to be able to promote "alternative" energy solutions such as windpower when his dear friend Ted Kennedy adopted a NIMBY approach when a windfarm was proposed off of Martha's Vineyard?