Despite that, I've learned to live with him.
$2 a gallon, here we come....
AZhitman wrote:p.s. Mike is indeed "King of the Leftys".
Despite that, I've learned to live with him.
Hardly. I'm more of a centerist/progressive and a full fledged capitalist than an actual lefty. However, from as far out to the right some righties are coming from in this thread, the center is almost out of sight.
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Q45tech
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The Outstanding Public Debt as of 05 May 2004 at 05:11:17 PM GMT is: $7,192,033,265,485.00
The estimated population of the United States is 293,980,818so each citizen's share of this debt is $24,464.29
Actually it's worse:http://mwhodges.home.att.net/n....htm.
Oil Prices are just the start, look at food and commodities our standard of living MUST decrease to equalize.http://www.earth-policy.org/Updates/Update39.htm
"The gap between the average incomes of the richest 20 percent and the poorest 20 percent in the world increased from 30 to 1 in 1960 to 60 to one in 1990. In 1999, the gap widened even further to 74 to 1. At this rate, the disparity could be 100 to 1 before 2015"
The only way to finance the interest is to inflate our economy we'll never pay on the principal ---- then the collapse.
Thank goodness I only have 20 years to live [or drive] less than $100,000 in gasoline.
"During the early 1970s before the oil price hikes by OPEC, the United States largely could pay its oil import bill with grain exports. But in 2003, grain exports covered only 11 percent of the staggering U.S. oil import bill of $99 billion. While the exchange rate between grain and oil was deteriorating, U.S. domestic oil output was falling and oil consumption was rising, which means that oil imports were climbing. In 2003, oil imports accounted for 60 percent of total use. "
We have to allow food [grain prices] to riseto offset oil!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The estimated population of the United States is 293,980,818so each citizen's share of this debt is $24,464.29
Actually it's worse:http://mwhodges.home.att.net/n....htm.
Oil Prices are just the start, look at food and commodities our standard of living MUST decrease to equalize.http://www.earth-policy.org/Updates/Update39.htm
"The gap between the average incomes of the richest 20 percent and the poorest 20 percent in the world increased from 30 to 1 in 1960 to 60 to one in 1990. In 1999, the gap widened even further to 74 to 1. At this rate, the disparity could be 100 to 1 before 2015"
The only way to finance the interest is to inflate our economy we'll never pay on the principal ---- then the collapse.
Thank goodness I only have 20 years to live [or drive] less than $100,000 in gasoline.
"During the early 1970s before the oil price hikes by OPEC, the United States largely could pay its oil import bill with grain exports. But in 2003, grain exports covered only 11 percent of the staggering U.S. oil import bill of $99 billion. While the exchange rate between grain and oil was deteriorating, U.S. domestic oil output was falling and oil consumption was rising, which means that oil imports were climbing. In 2003, oil imports accounted for 60 percent of total use. "
We have to allow food [grain prices] to riseto offset oil!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Need4Speed
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Guys, there is LITTERALY 100x more oil in Siberia than in ALL of the Middle East. (proven fact...look it up)
Heres how I think it will work out:
1.) Right now all of the major oil companies are working to set up the infrastructure to drill for it.
2.) The Bearing Straight (between Alaska and Siberia) is less than 90 miles.
3.) A SAFE underwater pipeline is ALREADY developed to allow Siberian oil to pipe into the Alaskan pipeline.
4.) The Russians are much closer to American ideals and beliefs than the Middle East will ever be.....ie: no religous overtones to deal with.
5.) The Russians need and want to make money badly...they have already embraced capitalism....all they need is a money vehicle to get them there.
6.) The power that the Middle Eastern coutries hold over the US and Europe will vanish almost overnight.
7.) Middle Eastern Governments will fall (Saudi Arabia) because they will no longer have the $$ to subjegate their people.
8.) The vast majority of $$$ that terroists use comes from these rich Middle Eastern coutries...therfore these groups will become much less powerful. They will still be a threat though, so we must remain vigilant.
All of this will take place in the next 15 years or less.
More of the amazing Andy's psychic predictions to come.......
Heres how I think it will work out:
1.) Right now all of the major oil companies are working to set up the infrastructure to drill for it.
2.) The Bearing Straight (between Alaska and Siberia) is less than 90 miles.
3.) A SAFE underwater pipeline is ALREADY developed to allow Siberian oil to pipe into the Alaskan pipeline.
4.) The Russians are much closer to American ideals and beliefs than the Middle East will ever be.....ie: no religous overtones to deal with.
5.) The Russians need and want to make money badly...they have already embraced capitalism....all they need is a money vehicle to get them there.
6.) The power that the Middle Eastern coutries hold over the US and Europe will vanish almost overnight.
7.) Middle Eastern Governments will fall (Saudi Arabia) because they will no longer have the $$ to subjegate their people.
8.) The vast majority of $$$ that terroists use comes from these rich Middle Eastern coutries...therfore these groups will become much less powerful. They will still be a threat though, so we must remain vigilant.
All of this will take place in the next 15 years or less.
More of the amazing Andy's psychic predictions to come.......
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AZhitman
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I'm not quite sure why debating this matter in an intelligent and rational context would threaten anyone's "membership".
No one has ever been banned from this forum for their opinion.
It's the name calling I am weary of, and apparently my input on this matter has been ignored (once again).
This used to be fun. Thanks for f****** it up.
No one has ever been banned from this forum for their opinion.
It's the name calling I am weary of, and apparently my input on this matter has been ignored (once again).
This used to be fun. Thanks for f****** it up.
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Need4Speed
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Yeah...watch out for those killer asteroids.....
My whole take on this is: live today......DRIVE FAST. What will be will be.
I do know, and it WILL be proven in time: Socialism will fall flat on it's face just as Communism did. It is an unattainable dream because it relies entirely on the most fickle and untrustworthy of things.....PEOPLE!
There, that's my 2 bits!
Andy
My whole take on this is: live today......DRIVE FAST. What will be will be.
I do know, and it WILL be proven in time: Socialism will fall flat on it's face just as Communism did. It is an unattainable dream because it relies entirely on the most fickle and untrustworthy of things.....PEOPLE!
There, that's my 2 bits!
Andy
Greg,
Taken care of
I agree with Andy on may of those issues.. If Russia can get fully online, we will lower our OPEC dependancy greatly.. Don't forget, our strategic oil reserves are nearly 100% full.. We won't have to continue to truck shipments there, like we are now..
In the interim, we should address the additive issue. Having states make the standards, is causing me to pay 30 cents more per gallon, then our southern counterparts, who use pure gas.. There should be a federal standard, or no standard.
We already let all the big oil companies consolidate. Nothing we can do about this now, really..
Ease the taxes on gas, and do something with the additives...
Taken care of
I agree with Andy on may of those issues.. If Russia can get fully online, we will lower our OPEC dependancy greatly.. Don't forget, our strategic oil reserves are nearly 100% full.. We won't have to continue to truck shipments there, like we are now..
In the interim, we should address the additive issue. Having states make the standards, is causing me to pay 30 cents more per gallon, then our southern counterparts, who use pure gas.. There should be a federal standard, or no standard.
We already let all the big oil companies consolidate. Nothing we can do about this now, really..
Ease the taxes on gas, and do something with the additives...
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AZhitman
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Andy, #5 is something I've been preaching for a while (not that I'm any authority).
I think that, coupled with some major progress in US/China relations, is what eventually fixes this matter for future generations.
Or, we could just go with my "Imperialist" ideologies, which are not typically well-received.
I think that, coupled with some major progress in US/China relations, is what eventually fixes this matter for future generations.
Or, we could just go with my "Imperialist" ideologies, which are not typically well-received.
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AZhitman
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Expansion of our borders looks better and better every day.
United States East Annex. Has a nice ring to it, and comes with all the cheap labor we can use. All we gotta do is feed and educate 'em.
Hell, maybe I'll get to meet up with some long-lost relatives and talk to them about this whole "jihad" nonsense.
United States East Annex. Has a nice ring to it, and comes with all the cheap labor we can use. All we gotta do is feed and educate 'em.
Hell, maybe I'll get to meet up with some long-lost relatives and talk to them about this whole "jihad" nonsense.
You can't be a major ruling power in the world, if you keep your people down..
USSR failed at this.. China realizes this.. They are welcoming capitilism, allbeit in the chinese way, but better then before.. Their people are happier then ever, they get to be material whores like us
We need to break down doors.. Globalism is good.. Everyone in this world, should have a chance at success. To take care fo their families, and not have to spend their entire life worrying about if they will be able to pay for dinner..
I'll never forget my serbian friend..
He had a friend who was a prominent doctor. He had to sell papers on the street to make a living.. If this isn't wrong, I don't know what is..
USSR failed at this.. China realizes this.. They are welcoming capitilism, allbeit in the chinese way, but better then before.. Their people are happier then ever, they get to be material whores like us
We need to break down doors.. Globalism is good.. Everyone in this world, should have a chance at success. To take care fo their families, and not have to spend their entire life worrying about if they will be able to pay for dinner..
I'll never forget my serbian friend..
He had a friend who was a prominent doctor. He had to sell papers on the street to make a living.. If this isn't wrong, I don't know what is..
http://www.gasandoil.com/goc/news/ntr30231.htm
As I've said and this respected journal points out, the cheap oil is all gone. Russian reserves are still dwarfed by the remaining Persian Gulf ones and the Russian oil is far more expensive to produce. The cheap stuff is gone. No wonder bush was trying to get so buddy buddy with Putin.
As I've said and this respected journal points out, the cheap oil is all gone. Russian reserves are still dwarfed by the remaining Persian Gulf ones and the Russian oil is far more expensive to produce. The cheap stuff is gone. No wonder bush was trying to get so buddy buddy with Putin.
Oil Prices are just the start, look at food and commodities our standard of living MUST decrease to equalize.
Q45tech,
Or we will continue to grow, like we always have..
I'll agree Bush has maxed out the american credit card, so to speak.. However, it isn't the end of the world.. The debt is still only a fraction of our GDP.. Allbeit a larger fraction then normal, but you do what you have to do..
I'm sure we could argue all day long about the fall of communism.. I personally think Ronald did a good thing by outspending the russians, which I believe eventually led them to fold.. Unfortunately terrorists arn't a country to bankrupt, so this is a different situation..
Our economy is doing great, we don't have the jobs we did in the late 90s, but those were jobs the bubble created.. we can't expect to get them all back overnight.. we need another technoglical revolution of some sort, to spark that sort of growth..
Germany has 10% unemployment.. Europe is over regulated, over taxed, and underperforming..
We're doing great, considering everything we are leveraging..
Of course, I will concur imagine how great we would be doing if we didn't have to spend all this money on the war.. etc.. although I could argue, all this foreign policy may pay us back ten fold, if the grand vision pays off.
It's all a roll of the dice..
Q45tech,
Or we will continue to grow, like we always have..
I'll agree Bush has maxed out the american credit card, so to speak.. However, it isn't the end of the world.. The debt is still only a fraction of our GDP.. Allbeit a larger fraction then normal, but you do what you have to do..
I'm sure we could argue all day long about the fall of communism.. I personally think Ronald did a good thing by outspending the russians, which I believe eventually led them to fold.. Unfortunately terrorists arn't a country to bankrupt, so this is a different situation..
Our economy is doing great, we don't have the jobs we did in the late 90s, but those were jobs the bubble created.. we can't expect to get them all back overnight.. we need another technoglical revolution of some sort, to spark that sort of growth..
Germany has 10% unemployment.. Europe is over regulated, over taxed, and underperforming..
We're doing great, considering everything we are leveraging..
Of course, I will concur imagine how great we would be doing if we didn't have to spend all this money on the war.. etc.. although I could argue, all this foreign policy may pay us back ten fold, if the grand vision pays off.
It's all a roll of the dice..
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Q45tech
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"In response to higher prices, world oil production outside OPEC expanded, thus loosening OPEC's grip on prices. Between 1985 and 1986 the price of oil dropped by half. From then until 1999, it took on average five bushels of wheat to buy a barrel of oil. During 2000-2003, it took seven bushels of wheat to buy a barrel of oil. Now in early 2004 it takes nine bushels.
Today $4.13 vs $40 oil............no more giving away free food it is our only weaponWhat will happen to the wheat-oil exchange rate in the years ahead, no one knows for sure. In contrast to grain production, which can continue indefinitely, oil production is going to peak and decline at some point
Today $4.13 vs $40 oil............no more giving away free food it is our only weaponWhat will happen to the wheat-oil exchange rate in the years ahead, no one knows for sure. In contrast to grain production, which can continue indefinitely, oil production is going to peak and decline at some point
I just read that article...
It said nobody has an idea of the true production capability of russia..
Try reading it.
10-12-02 Like many things in post-Soviet Russia it is supposed to be a state secret. But that does not stop the world's oil majors from hotly debating exactly how big Russia's crude oil reserves are. Estimates of proven reserves vary wildly, from the US Oil and Gas Journal's 48.6 bn barrels to analyst estimates which are three times higher. The experts agree on one thing. Russia's oil reserves are big enough to support booming oil exports for decades to come.
Oil output hit 8 mm bpd in November -- some 3 bn barrels a year -- for the first time in a decade. Russia exports half as crude oil and a quarter as products, making it the second exporter after Saudi Arabia. But the Middle East producers still dwarf Russia in terms of reserves with Saudi Arabia holding some 261.8 bn barrels and Iraq 112.5 bn, according to BP estimates. "Russia could get production to 9 (mm bpd) or perhaps higher by 2010," said Ian Woollen, an analyst from Wood Mackenzie, who puts Russia's proven reserves at 120 bn barrels.
According to information made public by Russia's five largest oil companies, they control more than a combined 70 bn barrels of proven crude oil reserves. LUKoil and Yukos, the two largest companies by market capitalisation, claim to control 14,576 and 12,581 bn barrels of crude respectively. "If you simply summarise proven oil reserves of Russia's 10 largest oil firms, audited by international auditors, you get a much higher figure than BP's modest estimates," said Mikhail Khodorkovsky, CEO of Yukos, Russia's fastest growing oil firm. He put Russian reserves at 150 bn barrels and said Russian production levels could be maintained for decades. The Russian government relies on oil for 40 % of its budget revenue, and the economy has boomed during the recent period of high global oil prices.
Most estimates include only Western Siberian reserves, exploited since the 1970s and supplying two-thirds of Russian oil, and not potentially huge reserves elsewhere. "The acreage Russia can offer in Eastern Siberia, the Caspian Sea or Arctic shelf is simply massive," said Paul Collison from Brunswick UBS Warburg. "Compared to what is still available in terms of oil reserves on developed and even emerging markets, Russia's position is simply unique," he added.
Eugene Khartukov, Russia's leading independent energy analyst, put proven reserves at 110 bn barrels, and said Russian companies' reserves to production ratio was much lower than their western counterparts. "Russia has reserves to keep up its production at current levels for 40 years, while with western majors (large oil companies) the figure does not usually exceed 10 years," he said.
To maintain its industry, the International Energy Agency estimates that Russia will need $ 550-$ 700 bn of investment in energy infrastructure by 2020. Jonathan Stern, energy specialist from Britain's Royal Institute of International Affairs, said the important question would be whether Russia could still attract that investment if the oil price fell below $ 20 a barrel. "The fascinating question about Russian oil is not how much of it there is but whether the anticipated price is enough to get the fields and transportation routes developed," he said.
It said nobody has an idea of the true production capability of russia..
Try reading it.
10-12-02 Like many things in post-Soviet Russia it is supposed to be a state secret. But that does not stop the world's oil majors from hotly debating exactly how big Russia's crude oil reserves are. Estimates of proven reserves vary wildly, from the US Oil and Gas Journal's 48.6 bn barrels to analyst estimates which are three times higher. The experts agree on one thing. Russia's oil reserves are big enough to support booming oil exports for decades to come.
Oil output hit 8 mm bpd in November -- some 3 bn barrels a year -- for the first time in a decade. Russia exports half as crude oil and a quarter as products, making it the second exporter after Saudi Arabia. But the Middle East producers still dwarf Russia in terms of reserves with Saudi Arabia holding some 261.8 bn barrels and Iraq 112.5 bn, according to BP estimates. "Russia could get production to 9 (mm bpd) or perhaps higher by 2010," said Ian Woollen, an analyst from Wood Mackenzie, who puts Russia's proven reserves at 120 bn barrels.
According to information made public by Russia's five largest oil companies, they control more than a combined 70 bn barrels of proven crude oil reserves. LUKoil and Yukos, the two largest companies by market capitalisation, claim to control 14,576 and 12,581 bn barrels of crude respectively. "If you simply summarise proven oil reserves of Russia's 10 largest oil firms, audited by international auditors, you get a much higher figure than BP's modest estimates," said Mikhail Khodorkovsky, CEO of Yukos, Russia's fastest growing oil firm. He put Russian reserves at 150 bn barrels and said Russian production levels could be maintained for decades. The Russian government relies on oil for 40 % of its budget revenue, and the economy has boomed during the recent period of high global oil prices.
Most estimates include only Western Siberian reserves, exploited since the 1970s and supplying two-thirds of Russian oil, and not potentially huge reserves elsewhere. "The acreage Russia can offer in Eastern Siberia, the Caspian Sea or Arctic shelf is simply massive," said Paul Collison from Brunswick UBS Warburg. "Compared to what is still available in terms of oil reserves on developed and even emerging markets, Russia's position is simply unique," he added.
Eugene Khartukov, Russia's leading independent energy analyst, put proven reserves at 110 bn barrels, and said Russian companies' reserves to production ratio was much lower than their western counterparts. "Russia has reserves to keep up its production at current levels for 40 years, while with western majors (large oil companies) the figure does not usually exceed 10 years," he said.
To maintain its industry, the International Energy Agency estimates that Russia will need $ 550-$ 700 bn of investment in energy infrastructure by 2020. Jonathan Stern, energy specialist from Britain's Royal Institute of International Affairs, said the important question would be whether Russia could still attract that investment if the oil price fell below $ 20 a barrel. "The fascinating question about Russian oil is not how much of it there is but whether the anticipated price is enough to get the fields and transportation routes developed," he said.
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Need4Speed
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I respectfully beg to differ Vimy.....while I agree that the fossil fueled internal combustion engine is on its way out, it still probably has many years (decades) of worldwide use left. We do need to develop alternative sources for fuel......HOWEVER, it can't and won't be accomplished overnight (and 10-15 years is overnight).
Russian crude should prove no harder to develop than Middle Eastern oil is....and it will be a whole lot SAFER (ie: terrorists).
If you add in what kind of $$ that the US and Western Europe spend in "stabilizing" the Middle East...then Russian crude is boat loads cheaper. Plus it is a better grade to boot.
It's good to excercise the ole' argumentative side of the brain once in a while........
Andy
Russian crude should prove no harder to develop than Middle Eastern oil is....and it will be a whole lot SAFER (ie: terrorists).
If you add in what kind of $$ that the US and Western Europe spend in "stabilizing" the Middle East...then Russian crude is boat loads cheaper. Plus it is a better grade to boot.
It's good to excercise the ole' argumentative side of the brain once in a while........
Andy
Middle east oil flows out of the ground (at least it used to) under it's own pressure. Such is not the case in Artic regions. Additionally, oil in artic conditions is much more expensive to develope and transport.
The IC engine and oil are going nowhere any time soon. My contention is that the cheap oil reserves are peaking or past peak production. This will lead to higher crude prices. If you read AZQ's paste up of material from the link I provided, it says that world oil price will have to remain above $20 for any interest to remain in developement. Contrast this to Iraqi oil which is profitable down to $7/barrel.
The IC engine and oil are going nowhere any time soon. My contention is that the cheap oil reserves are peaking or past peak production. This will lead to higher crude prices. If you read AZQ's paste up of material from the link I provided, it says that world oil price will have to remain above $20 for any interest to remain in developement. Contrast this to Iraqi oil which is profitable down to $7/barrel.
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Need4Speed
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My point is that the Middle East wants us out....fine they can have their oily sand. They want to live in isolation, I say lets give them isolation.
The Russians WANT us to help develop their country and economy...they like capitalism.
The major oil companies will recognize that in order to maintain their market that they will have to expand drilling.....especially when the US stops being invoved with the Middle East. How profitable will it become to produce oil in countries that blow up refineries and kill your employees. This is exactly what the terroists want and yet it will be their end. (no $$, no guns)
What that article does not point out though is how much in other costs like security, shipping, payoffs, etc. needs to be added to the Iraqi or Middle Eastern crude.....my guess is that it is equal to or exceeds (especailly now) what it would cost -vs- Russian crude.
Only time will tell which tale will be proven true......
C-ya,
Andy
The Russians WANT us to help develop their country and economy...they like capitalism.
The major oil companies will recognize that in order to maintain their market that they will have to expand drilling.....especially when the US stops being invoved with the Middle East. How profitable will it become to produce oil in countries that blow up refineries and kill your employees. This is exactly what the terroists want and yet it will be their end. (no $$, no guns)
What that article does not point out though is how much in other costs like security, shipping, payoffs, etc. needs to be added to the Iraqi or Middle Eastern crude.....my guess is that it is equal to or exceeds (especailly now) what it would cost -vs- Russian crude.
Only time will tell which tale will be proven true......
C-ya,
Andy