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Deaf Power
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 Posted: Fri Jul 25, 2008 2:49 pm Post subject: Re: DemoNazisPelosi & Rats refuse to let You have a Vote ! |
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On Thu, 24 Jul 2008 20:54:59 -0400, "Obamessiah Occult Train"
<Cultists @Obama.org> wrote:
[quote]
"Deaf Power" <deaf@power.com> wrote in message
news:an5i84dmmk0572a2pcfg0kh2i3ci576293@4ax.com...
On Thu, 24 Jul 2008 19:29:03 -0400, "Obamessiah Occult Train"
Cultists @Obama.org> wrote:
Pelosi blocks vote on Bush request to lift ban on offshore oil drilling
Despite growing public support for ending the ban, even in California,
Democratic House Speak
I should Shut the f ck up since i am an America hating traitor.
[/quote]
Shut the f ck up you America hating traitor.
You hate America.
[quote]===============
t. Shut the fu
Goodck up ! ideaank maggo Sk[/quote] |
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Obamessiah Occult Train
Guest
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| Posted: Fri Jul 25, 2008 5:26 pm Post subject: Re: Republicans lie about new drilling |
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"The Trucker" <mikcob@verizon.net> wrote in message
news:pan.2008.07.25.07.11.03.914255@verizon.net...
Arctic May Hold 90 Billion Barrels of Oil, U.S. Says (Update2)
By Joe Carroll
July 23 (Bloomberg) -- The Arctic may hold 90 billion barrels of oil, more
than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and
enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.
One-third of the undiscovered oil is in Alaskan territory, the agency found
in a study released today. By contrast, a geologic formation beneath the
North Pole claimed by Russian scientists last year probably holds just 1.2
percent of the Arctic>s crude, the U.S. report showed.
Energy producers such as Royal Dutch Shell Plc and Chevron Corp. have
accelerated exploration of the northernmost regions for untapped reserves
amid record prices and receding access to deposits in more hospitable
climates. Russia>s move to scrap a United Nations convention and carve out
an exclusive Arctic zone sparked protests from Canada, the U.S., Norway and
Denmark.
``Most of the Arctic, especially offshore, is essentially unexplored with
respect to petroleum,'' Donald Gautier, the project chief for the
assessment, said in the report. ``The extensive Arctic continental shelves
may constitute the geographically largest unexplored prospective area for
petroleum remaining on Earth.''
Russia dispatched a nuclear-powered icebreaker to the Arctic Ocean last year
to map a subsea link between Siberia and the North Pole as part of a bid to
refute a UN convention limiting resource claims beyond 200 miles (321
kilometers) offshore. Canada said earlier this month that it plans to
counter the Russian overture with ``a very strong claim'' to Arctic
exploration rights.
No Time Estimate
The U.S. report didn>t include an estimate for how long it will take to
bring the reserves to markets. Offshore fields in the Gulf of Mexico and
West Africa can take a decade or longer to begin pumping oil.
The geologists studied maps of subterranean rock formations across the 8.2
million square miles above the Arctic Circle to find areas with
characteristics similar to oil and gas finds in other parts of the world.
The study also took into account the age, depth and shape of rock formations
in judging whether they are likely to contain oil, Gautier said today during
a conference call with reporters. Seismic data doesn>t yet exist for most of
the Arctic, he said.
``Petroleum doesn>t just occur anywhere,'' Gautier said. ``It requires a
very narrow set of burial conditions.''
U.S. oil executives such as Exxon Mobil Corp.'s Rex Tillerson and Chevron
Corp.'s David O>Reilly have urged lawmakers to relax prohibitions against
offshore drilling, including much of Alaska. Democratic leaders in both
houses of Congress rejected President George W. Bush>s July 14 effort to end
a 25-year moratorium on drilling in most coastal waters.
West Siberia Basin
The region above the Arctic Circle also holds an estimated 1,669 trillion
cubic feet of natural gas, equal to 27 percent of the world>s known gas
reserves, the study showed. Almost 40 percent of the gas reserves are in
Russia>s West Siberia Basin.
About 84 percent of the oil and gas reserves probably lie offshore, the
report showed. The region also has an estimated 44 billion barrels of
natural-gas-liquids such as propane and butane, which are used by chemical
producers, oil refiners and for home heating.
The study encompassed all areas north of 66.56 degrees north latitude and
only included reserves that could be tapped using existing techniques.
Experimental or unconventional prospects such as oil shale, gas hydrates and
coal-bed methane weren>t included in the assessment.
Data Contributors
Contributors of data to the study included the Geological Survey of Canada,
the U.S. Interior Department>s Minerals Management Service, the Norwegian
Petroleum Directorate, the Cambridge Arctic Shelf Program and researchers in
Denmark and Greenland. No Russian institutions took part in the study.
The survey only applied to undiscovered reserves. Exxon Mobil, Shell,
Gazprom OAO and other energy producers have already found 400 oil and gas
fields that hold the equivalent of 240 billion barrels. On a combined basis,
the undiscovered reserves of oil and gas in today>s report amount to 412
billion barrels.
Most of those discoveries remain capped because of a lack of pipeline or
shipping facilities to haul the petroleum to markets.
Crude for September delivery fell $3.98, or 3.1 percent, to $124.44 a barrel
at 2:59 p.m. on the New York Mercantile Exchange. Oil climbed 66 percent in
the past year on its way to a record $147.27 a barrel on July 11.
Global Demand
Global crude demand is expected to rise by 1 percent this year to 86.85
million barrels a day, after a 1.3 percent increase in 2007, the
International Energy Agency said in a July 10 report.
Kazakhstan, site of the world>s two biggest oil discoveries of the past
three decades, has 39.8 billion barrels of crude reserves, according to
London-based BP Plc. Nigeria>s reserves amount to 36.2 billion barrels and
Mexico holds 12.2 billion. Russia, the world>s largest producer last year,
has 79.4 billion barrels of oil reserves and 1,577 trillion cubic feet of
gas.
The U.S. is expected to use about 7.39 billion barrels of crude this year,
according to the Paris-based IEA.
To contact the reporter on this story: Joe Carroll in Chicago at
jcarroll8@bloomberg.net
Last Updated: July 23, 2008 16:30 EDT |
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Guest
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| Posted: Sat Jul 26, 2008 2:05 am Post subject: Re: Republicans lie about new drilling |
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On Jul 25, 7:26 am, "Obamessiah Occult Train" <Cultists @Obama.org>
wrote:
[quote]"The Trucker" <mik...@verizon.net> wrote in message
news:pan.2008.07.25.07.11.03.914255@verizon.net...
Arctic May Hold 90 Billion Barrels of Oil, U.S. Says (Update2)
By Joe Carroll
July 23 (Bloomberg) -- The Arctic may hold 90 billion barrels of oil, more
than all the known reserves of Nigeria, Kazakhstan and Mexico combined, and
enough to supply U.S. demand for 12 years, the U.S. Geological Survey said.
One-third of the undiscovered oil is in Alaskan territory, the agency found
in a study released today. By contrast, a geologic formation beneath the
North Pole claimed by Russian scientists last year probably holds just 1.2
percent of the Arctic>s crude, the U.S. report showed.
Energy producers such as Royal Dutch Shell Plc and Chevron Corp. have
accelerated exploration of the northernmost regions for untapped reserves
amid record prices and receding access to deposits in more hospitable
climates. Russia>s move to scrap a United Nations convention and carve out
an exclusive Arctic zone sparked protests from Canada, the U.S., Norway and
Denmark.
``Most of the Arctic, especially offshore, is essentially unexplored with
respect to petroleum,'' Donald Gautier, the project chief for the
assessment, said in the report. ``The extensive Arctic continental shelves
may constitute the geographically largest unexplored prospective area for
petroleum remaining on Earth.''
Russia dispatched a nuclear-powered icebreaker to the Arctic Ocean last year
to map a subsea link between Siberia and the North Pole as part of a bid to
refute a UN convention limiting resource claims beyond 200 miles (321
kilometers) offshore. Canada said earlier this month that it plans to
counter the Russian overture with ``a very strong claim'' to Arctic
exploration rights.
No Time Estimate
The U.S. report didn>t include an estimate for how long it will take to
bring the reserves to markets. Offshore fields in the Gulf of Mexico and
West Africa can take a decade or longer to begin pumping oil.
The geologists studied maps of subterranean rock formations across the 8.2
million square miles above the Arctic Circle to find areas with
characteristics similar to oil and gas finds in other parts of the world.
The study also took into account the age, depth and shape of rock formations
in judging whether they are likely to contain oil, Gautier said today during
a conference call with reporters. Seismic data doesn>t yet exist for most of
the Arctic, he said.
``Petroleum doesn>t just occur anywhere,'' Gautier said. ``It requires a
very narrow set of burial conditions.''
U.S. oil executives such as Exxon Mobil Corp.'s Rex Tillerson and Chevron
Corp.'s David O>Reilly have urged lawmakers to relax prohibitions against
offshore drilling, including much of Alaska. Democratic leaders in both
houses of Congress rejected President George W. Bush>s July 14 effort to end
a 25-year moratorium on drilling in most coastal waters.
West Siberia Basin
The region above the Arctic Circle also holds an estimated 1,669 trillion
cubic feet of natural gas, equal to 27 percent of the world>s known gas
reserves, the study showed. Almost 40 percent of the gas reserves are in
Russia>s West Siberia Basin.
About 84 percent of the oil and gas reserves probably lie offshore, the
report showed. The region also has an estimated 44 billion barrels of
natural-gas-liquids such as propane and butane, which are used by chemical
producers, oil refiners and for home heating.
The study encompassed all areas north of 66.56 degrees north latitude and
only included reserves that could be tapped using existing techniques.
Experimental or unconventional prospects such as oil shale, gas hydrates and
coal-bed methane weren>t included in the assessment.
Data Contributors
Contributors of data to the study included the Geological Survey of Canada,
the U.S. Interior Department>s Minerals Management Service, the Norwegian
Petroleum Directorate, the Cambridge Arctic Shelf Program and researchers in
Denmark and Greenland. No Russian institutions took part in the study.
The survey only applied to undiscovered reserves. Exxon Mobil, Shell,
Gazprom OAO and other energy producers have already found 400 oil and gas
fields that hold the equivalent of 240 billion barrels. On a combined basis,
the undiscovered reserves of oil and gas in today>s report amount to 412
billion barrels.
Most of those discoveries remain capped because of a lack of pipeline or
shipping facilities to haul the petroleum to markets.
Crude for September delivery fell $3.98, or 3.1 percent, to $124.44 a barrel
at 2:59 p.m. on the New York Mercantile Exchange. Oil climbed 66 percent in
the past year on its way to a record $147.27 a barrel on July 11.
Global Demand
Global crude demand is expected to rise by 1 percent this year to 86.85
million barrels a day, after a 1.3 percent increase in 2007, the
International Energy Agency said in a July 10 report.
Kazakhstan, site of the world>s two biggest oil discoveries of the past
three decades, has 39.8 billion barrels of crude reserves, according to
London-based BP Plc. Nigeria>s reserves amount to 36.2 billion barrels and
Mexico holds 12.2 billion. Russia, the world>s largest producer last year,
has 79.4 billion barrels of oil reserves and 1,577 trillion cubic feet of
gas.
The U.S. is expected to use about 7.39 billion barrels of crude this year,
according to the Paris-based IEA.
To contact the reporter on this story: Joe Carroll in Chicago at
jcarro...@bloomberg.net
Last Updated: July 23, 2008 16:30 EDT
[/quote]
3 years of world wide usage resides in the arctic. get over it, oil
will not be enough shill. |
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Democracy Highlander
Guest
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| Posted: Sat Jul 26, 2008 6:10 am Post subject: Re: republicans block democratic efforts to lower the price |
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The Trucker wrote:
[quote]I already had a post on this issue. Democrats, have to stop this
senseless trash which is no better than McCain>s "holiday-tax" scam.
You are simply wrong. The price of gasoline at present is a speculative
bubble and it needs to be popped. IMHO we need to be able to use the SPR
to control the price of oil and to drive it down to $80 a barrel where it
belongs. Any more oil from the SPR is an improper move. But the traders
need to know that they can no longer operate risk free. The amount needed
for the release is actually much less than the requested amount and only
enough to pop the bubble will be released. The __**THREAT**__ of the full
amount is all that is necessary.
[/quote]
Let assume that without speculations the price of oil will be $80 as you
claim (BTW, on what data you make this assertion ?).
That means that at today>s price, speculators make $50/barrel.
Therefore, for ANY decline in price less than $50 the speculators will
actually be in business, making money. If speculators are not dumb enough
to panic immediately at the threat, knowing that the $50+ decline is not
going to happen overnight they are not going to loose any money from what
they already have. So, they keep making lower profits for how long the oil
from the reserve is released, then "back to normal".
As a result, US will just waste oil they bought cheaper and have to
replenish it with more expensive oil later. A gift to speculators !
[quote]The problem is that you actually believe that. You seem to forget that
government will never run out of money. Threat stage 2 is the Treasury
entering the futures market. Lets see the financial maggots suck on that
one.
[/quote]
Why not do that first, before we destroy our reserve and expose ourselves to
potential harm ? Any threat is OK, while depleting the strategic reserve to
enrich the speculators even more it is pure idiotic.
[quote]Even if speculators do not want to fight the government, they stop
speculating while we release the reserve. The gas prices will drop until
we can not release anymore then they climb back.
No. The amount needed to pop this thing is actually quite small.
[/quote]
You made this assertion based on what data ?
[quote]The THREAT of a sustained release is more than adequate.
[/quote]
Speculators are not stupid enough to believe that we will deplete our
reserve and risk an economic Armageddon at the smallest natural or man made
disaster.
[quote]So let be clear: WE CAN NOT FIGHT SPECULATORS WHILE PLAYING BY THEIR
RULES.
Let me be clear: That is __EXACTLY__ how you beat them.
[/quote]
Trucker, it is WRONG to defend a BAD idea just because it was somebody from
your side who come with it. As mater of fact this is the recipe to do crap,
as we see the current Republican administration doing.
Bush took a lot of idiotic decision and the mindless republicans instead of
telling him: "Stop you son of the gun" they stand for those bad ideas.
The result was harm to the US and harm to the Republican party.
Do NOT fall in the same trap. If you want to "cheer for your team" join a
football or soccer club. There is the right place to "stand for my guys
regardless what".
In politics this is wrong. If you do politics you have to do what is the
best for the country. Or at least, as an idealist, this is what I believe
to be right.
--
The world of the future will be fully democratic or will not be at all.
Democracy Highlander
P.S.:
When I say "democratic", I use the word democratic coming from democracy not
from Democratic party. I am not connected in any way with Democratic party
and if they fail to do as promised and cut corporate corruption I have no
problem to turn on them and blog against them too. |
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The Trucker
Guest
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| Posted: Sat Jul 26, 2008 7:02 am Post subject: Re: republicans block democratic efforts to lower the price |
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On Fri, 25 Jul 2008 21:10:14 -0400, Democracy Highlander wrote:
[quote]The Trucker wrote:
I already had a post on this issue. Democrats, have to stop this
senseless trash which is no better than McCain>s "holiday-tax" scam.
You are simply wrong. The price of gasoline at present is a speculative
bubble and it needs to be popped. IMHO we need to be able to use the SPR
to control the price of oil and to drive it down to $80 a barrel where it
belongs. Any more oil from the SPR is an improper move. But the traders
need to know that they can no longer operate risk free. The amount needed
for the release is actually much less than the requested amount and only
enough to pop the bubble will be released. The __**THREAT**__ of the full
amount is all that is necessary.
Let assume that without speculations the price of oil will be $80 as you
claim (BTW, on what data you make this assertion ?).
That means that at today>s price, speculators make $50/barrel.
[/quote]
That seems to be the popular misconception. It is totally incorrect. Only
if a futures contract was purchased (long) for August delivery when the
price for August delivery was $80 a barrel would your assumption bear any
resemblance to the two quoted numbers. But in the case you are trying to
use the actual gain would currently be $500 a barrel because there is a 10
to 1 leverage. Any contract is 1K barrels of oil so the "speculator"
would be ahead at this point be up $50k on a $10k investment. The big
hitters are doing 100 contracts so that>s 5 million bucks; each $10 move
is a million.
[quote]Therefore, for ANY decline in price less than $50 the speculators will
actually be in business, making money.
[/quote]
You "make money" or "lose money" only when you liquidate a
position/contract that you have previously purchased. And it really does
not matter at what value the purchase was done. Each $10 move will cost
or reward a "hedge fund" (these are the 100 contract players) to the tune
of a million bucks. A fund manager that is ahead 5 million can foll
around a little bit, but no fund manager wants to lose $5M on his watch
even if it was just "winnings".
[quote]If speculators are not dumb enough
to panic immediately at the threat, knowing that the $50+ decline is not
going to happen overnight they are not going to loose any money from what
they already have. So, they keep making lower profits for how long the oil
from the reserve is released, then "back to normal".
[/quote]
But they are not "making profits". They are sitting there holding a
ticket stub.
[quote]As a result, US will just waste oil they bought cheaper and have to
replenish it with more expensive oil later. A gift to speculators !
[/quote]
If it were me, I>d sell the oil on the open market and get $120 a barrel
for it and put it in a fund that I would use to buy some oil in the future
or use it to set up a lot of algae farms and use that for fuel. The US
currently has a lop more poker chips than any of the other oil consuming
nations. Chip count matters in this game. And that is __**EXACTLY**__
how you beat the hedge funds.
[quote]The problem is that you actually believe that. You seem to forget that
government will never run out of money. Threat stage 2 is the Treasury
entering the futures market. Lets see the financial maggots suck on that
one.
Why not do that first, before we destroy our reserve and expose ourselves to
potential harm ? Any threat is OK, while depleting the strategic reserve to
enrich the speculators even more it is pure idiotic.
[/quote]
Not if you understand how the game works.
[quote]Even if speculators do not want to fight the government, they stop
speculating while we release the reserve. The gas prices will drop until
we can not release anymore then they climb back.
No. The amount needed to pop this thing is actually quite small.
You made this assertion based on what data ?
[/quote]
On my knowledge of how the system works and my own tenure as a trader in
commodities.
[quote]The THREAT of a sustained release is more than adequate.
Speculators are not stupid enough to believe that we will deplete our
reserve and risk an economic Armageddon at the smallest natural or man
made disaster.
[/quote]
They are not stupid enough to sit there losing a million a day by staying
in the game.
[quote]So let be clear: WE CAN NOT FIGHT SPECULATORS WHILE PLAYING BY THEIR
RULES.
Let me be clear: That is __EXACTLY__ how you beat them.
Trucker, it is WRONG to defend a BAD idea just because it was somebody
from your side who come with it. As mater of fact this is the recipe to
do crap, as we see the current Republican administration doing.
[/quote]
It has to do with __REALITY__. Not partisanship. The current prices are
speculative and do not reflect reality.
[quote]Bush took a lot of idiotic decision and the mindless republicans instead
of telling him: "Stop you son of the gun" they stand for those bad
ideas. The result was harm to the US and harm to the Republican party.
[/quote]
True story.
[quote]Do NOT fall in the same trap. If you want to "cheer for your team" join
a football or soccer club. There is the right place to "stand for my
guys regardless what".
[/quote]
It is a correct play. The decision as to what to do with the 70M barrels
should not be in the hands of the Republicans, and that is for certain.
[quote]In politics this is wrong. If you do politics you have to do what is the
best for the country. Or at least, as an idealist, this is what I
believe to be right.
[/quote]
That is exactly what I say __WE__ should do. If the hedge funds think
oil is worth $130 a barrel then we should be selling them some oil.
Because in the real world of supply and demand it isn>t worth that much.
Look at it as maybe the Fed should control that 70 million barrels and use
it to strengthen the dollar. There are a lot of plays here and we sit
with Bush>s thumb up our ass while the hedge funds take us to the cleaners.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend |
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