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-   -   Why do the poor have more free time? (https://www.subsim.com/radioroom/showthread.php?t=107430)

03-16-07 06:00 PM

Quote:

Originally Posted by Kapitan_Phillips
I really hate the obscenely rich. They dont pay tax, and they were born into the money they spend. So why tap the poorer people's salaries when there are others who wipe their arse with £50 notes?

Why would you hate the 'obscenely' rich? Is it because you are not goal oriented or because you want to bring everyone down to your level? Forbes magazine just recently pulished their list of billionares and most are 'self made' rich.

http://www.forbes.com/2007/03/07/bil...llie_land.html

Takeda Shingen 03-16-07 06:47 PM

Quote:

Originally Posted by waste gate
Quote:

Originally Posted by Takeda Shingen
Quote:

Originally Posted by waste gate
Regarding economists. Socialist economists will always point towards socialism.

Socialism is an economic term. If effect, what you have just said is that the economics of socialism produce a socialist economy.

My policy is not to respond directly to moderators due to the conflict of inerest they display when they insert themselves into the thread. It's been my experience that nothing good can come of it. I will make a limited exception here and point you to your own signature.

Quote:

You asked about idle, remote things, but what lay closest to you; that which you needed to know did not occur to you. Now, when I guess it, you go insane: I have won your wily head!



I am not aruing for or against your position, nor am I embroiled in your discussion. I simply draw your attention to the fact that you are misusing the term 'socialism'. I do it every time someone abuses economic or political terms. If the members are going to argue with such authority, it seems reasonable that they should know what the terms mean.

I shall keep my head, mein freund.

stabiz 03-16-07 07:16 PM

Gotta stop reading threads started by waste gate.

03-16-07 07:22 PM

Quote:

Originally Posted by stabiz
Gotta stop reading threads started by waste gate.

That's right block out the other opinion. You will grow that way.

I was talking to Neal about this tendancy very recently.

Kapitan_Phillips 03-16-07 07:23 PM

Quote:

Originally Posted by waste gate
Quote:

Originally Posted by Kapitan_Phillips
I really hate the obscenely rich. They dont pay tax, and they were born into the money they spend. So why tap the poorer people's salaries when there are others who wipe their arse with £50 notes?

Why would you hate the 'obscenely' rich? Is it because you are not goal oriented or because you want to bring everyone down to your level? Forbes magazine just recently pulished their list of billionares and most are 'self made' rich.

http://www.forbes.com/2007/03/07/bil...llie_land.html


You say "most" are 'self made' rich. I mean the ones who do nothing to earn the wealth they get born into. And no, this has nothing with "bringing everyone down to my level" whatever you think that may be. I am merely saying that those who are born into vast amounts of wealth and do little to earn it are irritating.

And for your information, I am very goal orientated. My goals just arent making astounding amounts of money and sitting on my high horse thinking I'm better than everyone else.

03-16-07 07:33 PM

Quote:

I am merely saying that those who are born into vast amounts of wealth and do little to earn it are irritating.
You speak of your royalty? Not my fault, your fault.


Quote:

My goals just arent making astounding amounts of money and sitting on my high horse thinking I'm better than everyone else.
I cannot think of a better way not to make money than to sit on that horse.

Also, I don't care where you place yourself on any strata, be it economic, social, or
what beer you drink. Removing the incentive to succeed in any endevour is wrong.
If it were not for personal endevour the human race would not have progressed beyond...........

ASWnut101 03-16-07 11:42 PM

bye bye thread...well, maby...not.


nevermind.

Gizzmoe 03-17-07 02:02 AM

Quote:

Originally Posted by stabiz
Gotta stop reading threads started by waste gate.

Do that, but it´s unnecessary to inform the whole world about that decision! It leads to nothing but hard feelings.

Fish 03-17-07 11:04 AM

Something to think about Wastegate.

Quote:

Oil companies running hard to stand still


Phil Hart
March 16, 2007

DURING a previous oil price crisis in the United States, a jovial service station attendant may have remarked to customers that "We've run out of $2 gas, but we've got plenty of $5 gas". Attendants on the trading floors might today observe that we've got plenty of $80 (US) barrels, but we're running short of $50 barrels.

Last Friday, the US Energy Information Administration released oil production data to the end of last year. Crude oil production was nearly 200,000 barrels a day lower than in 2005. Total liquid supply was flat. That's gripping news and should be enough to rattle any economist's confidence.

Despite a calm hurricane season, record prices and a forecast consensus from energy agencies that supply would continue to grow, oil production stalled last year. Were the oil companies not trying hard enough?

Chris Skrebowski, editor of the British oil industry journal Petroleum Review, would not agree. He has just published his annual Megaprojects report. The numbers show the global oil industry implemented oilfield projects providing an extra 3.2 million barrels a day to the market last year.

This is a historically high level of activity. So why was production flat, and even falling in many countries? The answer begins with "d" and gets to the heart of the debate about when global oil production will finally peak and begin its terminal decline: depletion.

A typical oilfield is a layer of sandstone buried far underground, with oil filling the tiny spaces between the grains of sand. Buried so deeply, the oil is under extreme pressure. When a well is drilled into the reservoir, the oil eagerly flows up to the surface. Then, with less competition for space in the reservoir, the pressure falls and the flow rate declines. To compensate, the operator drills more wells and can put in place elaborate mechanisms to maintain pressure in the field.

For several years, even decades for the largest fields, it is possible to continue extracting oil at a high rate. Inevitably though, the amount that flows from the reservoir begins to decline.

Many of the world's largest and oldest oilfields are succumbing to this fate; production is falling, sometimes rapidly. Two of the biggest fields, Cantarell in Mexico and Burgan in Kuwait, are confirmed in this category. Even the giant Ghawar field in Saudi Arabia, the largest discovered, may be showing the same symptoms of old age.

Despite enormous industry efforts, production from the largest fields and regions such as the North Sea is declining. Companies must now exploit new frontiers. They are taking enormous strides; into deep water off Africa and Brazil, remote areas of the Caspian and East Siberia, and also into unconventional Canadian tar sands. All this and more in a bid to shore up falling production in old heartlands.

The oil industry is running hard but only just managing to stand still. The size of discoveries in the new frontiers is falling. Depletion, the rate production is declining in existing oil provinces, meanwhile, increases.

In just a few years, the scales that are now finely balanced between new production coming on stream and declines in mature regions may lean more heavily on the side of depletion. Peak oil would then be behind us and our economies will be forced to survive with less oil each year.

What then for oil prices? Supply can no longer increase to meet rising expectations. Increasing oil prices over the past five years, and the subsequent fall in vulnerable housing markets, have pushed the US towards recession. Perhaps that move already has enough momentum to keep a lid on consumption. If not, prices will rise again to further destroy demand. Either way, the fate of the world's largest economy may already be sealed.

Phil Hart is petroleum facilities engineer, Melbourne, for the Association for the Study of Peak Oil.
www.aspo-australia.org.au/

Skybird 03-17-07 11:17 AM

Quote:

Originally Posted by Fish
Something to think about Wastegate.

Quote:

Oil companies running hard to stand still


Phil Hart
March 16, 2007

DURING a previous oil price crisis in the United States, a jovial service station attendant may have remarked to customers that "We've run out of $2 gas, but we've got plenty of $5 gas"...
(...)
... prices will rise again to further destroy demand. Either way, the fate of the world's largest economy may already be sealed.

Phil Hart is petroleum facilities engineer, Melbourne, for the Association for the Study of Peak Oil.
www.aspo-australia.org.au/

He...! :nope: Doomsday predictions are my domain...!!! :arrgh!:

Fish 03-17-07 11:40 AM

Quote:

Originally Posted by Skybird
Quote:

Originally Posted by Fish
Something to think about Wastegate.

Quote:

Oil companies running hard to stand still


Phil Hart
March 16, 2007

DURING a previous oil price crisis in the United States, a jovial service station attendant may have remarked to customers that "We've run out of $2 gas, but we've got plenty of $5 gas"...
(...)
... prices will rise again to further destroy demand. Either way, the fate of the world's largest economy may already be sealed.

Phil Hart is petroleum facilities engineer, Melbourne, for the Association for the Study of Peak Oil.
www.aspo-australia.org.au/

He...! :nope: Doomsday predictions are my domain...!!! :arrgh!:

Had a bad drink yesterday, sorry. :cool:

Skybird 03-17-07 01:34 PM

Quote:

Originally Posted by Fish
Had a bad drink yesterday, sorry. :cool:

Try Dalwhinnie or Auchentoshan, then you can't go wrong. ;)

Kapitan_Phillips 03-17-07 02:37 PM

Quote:

Originally Posted by waste gate
You speak of your royalty? Not my fault, your fault.

How is that my fault? What control do I have over the royal family?

Letum 03-17-07 03:46 PM

Quote:

Originally Posted by Kapitan_Phillips
Quote:

Originally Posted by waste gate
You speak of your royalty? Not my fault, your fault.

How is that my fault? What control do I have over the royal family?

Well, technically you could vote for a politician who is against the Royal institution, but that still does not make it your fault!

Apart from that I would just ignore comments like that from Wastegate. A case of him typing and not thinking I think. ;)

Tchocky 03-18-07 09:28 PM

Quote:

Originally Posted by waste gate
Quote:

Originally Posted by stabiz
Gotta stop reading threads started by waste gate.

That's right block out the other opinion. You will grow that way.

I was talking to Neal about this tendancy very recently.

On this topic, how about an answer?

ASWnut101 03-19-07 02:04 PM

Quote:

Originally Posted by Fish
Something to think about Wastegate.

Quote:

Oil companies running hard to stand still


Phil Hart
March 16, 2007

DURING a previous oil price crisis in the United States, a jovial service station attendant may have remarked to customers that "We've run out of $2 gas, but we've got plenty of $5 gas". Attendants on the trading floors might today observe that we've got plenty of $80 (US) barrels, but we're running short of $50 barrels.

Last Friday, the US Energy Information Administration released oil production data to the end of last year. Crude oil production was nearly 200,000 barrels a day lower than in 2005. Total liquid supply was flat. That's gripping news and should be enough to rattle any economist's confidence.

Despite a calm hurricane season, record prices and a forecast consensus from energy agencies that supply would continue to grow, oil production stalled last year. Were the oil companies not trying hard enough?

Chris Skrebowski, editor of the British oil industry journal Petroleum Review, would not agree. He has just published his annual Megaprojects report. The numbers show the global oil industry implemented oilfield projects providing an extra 3.2 million barrels a day to the market last year.

This is a historically high level of activity. So why was production flat, and even falling in many countries? The answer begins with "d" and gets to the heart of the debate about when global oil production will finally peak and begin its terminal decline: depletion.

A typical oilfield is a layer of sandstone buried far underground, with oil filling the tiny spaces between the grains of sand. Buried so deeply, the oil is under extreme pressure. When a well is drilled into the reservoir, the oil eagerly flows up to the surface. Then, with less competition for space in the reservoir, the pressure falls and the flow rate declines. To compensate, the operator drills more wells and can put in place elaborate mechanisms to maintain pressure in the field.

For several years, even decades for the largest fields, it is possible to continue extracting oil at a high rate. Inevitably though, the amount that flows from the reservoir begins to decline.

Many of the world's largest and oldest oilfields are succumbing to this fate; production is falling, sometimes rapidly. Two of the biggest fields, Cantarell in Mexico and Burgan in Kuwait, are confirmed in this category. Even the giant Ghawar field in Saudi Arabia, the largest discovered, may be showing the same symptoms of old age.

Despite enormous industry efforts, production from the largest fields and regions such as the North Sea is declining. Companies must now exploit new frontiers. They are taking enormous strides; into deep water off Africa and Brazil, remote areas of the Caspian and East Siberia, and also into unconventional Canadian tar sands. All this and more in a bid to shore up falling production in old heartlands.

The oil industry is running hard but only just managing to stand still. The size of discoveries in the new frontiers is falling. Depletion, the rate production is declining in existing oil provinces, meanwhile, increases.

In just a few years, the scales that are now finely balanced between new production coming on stream and declines in mature regions may lean more heavily on the side of depletion. Peak oil would then be behind us and our economies will be forced to survive with less oil each year.

What then for oil prices? Supply can no longer increase to meet rising expectations. Increasing oil prices over the past five years, and the subsequent fall in vulnerable housing markets, have pushed the US towards recession. Perhaps that move already has enough momentum to keep a lid on consumption. If not, prices will rise again to further destroy demand. Either way, the fate of the world's largest economy may already be sealed.

Phil Hart is petroleum facilities engineer, Melbourne, for the Association for the Study of Peak Oil.
www.aspo-australia.org.au/

Sorry to march on in here, but just what does this have to do with the topic?

Fish 03-20-07 04:19 AM

Quote:

Originally Posted by ASWnut101
Quote:

Originally Posted by Fish
Something to think about Wastegate.

Quote:

Oil companies running hard to stand still


Phil Hart
March 16, 2007

DURING a previous oil price crisis in the United States, a jovial service station attendant may have remarked to customers that "We've run out of $2 gas, but we've got plenty of $5 gas". Attendants on the trading floors might today observe that we've got plenty of $80 (US) barrels, but we're running short of $50 barrels.

Last Friday, the US Energy Information Administration released oil production data to the end of last year. Crude oil production was nearly 200,000 barrels a day lower than in 2005. Total liquid supply was flat. That's gripping news and should be enough to rattle any economist's confidence.

Despite a calm hurricane season, record prices and a forecast consensus from energy agencies that supply would continue to grow, oil production stalled last year. Were the oil companies not trying hard enough?

Chris Skrebowski, editor of the British oil industry journal Petroleum Review, would not agree. He has just published his annual Megaprojects report. The numbers show the global oil industry implemented oilfield projects providing an extra 3.2 million barrels a day to the market last year.

This is a historically high level of activity. So why was production flat, and even falling in many countries? The answer begins with "d" and gets to the heart of the debate about when global oil production will finally peak and begin its terminal decline: depletion.

A typical oilfield is a layer of sandstone buried far underground, with oil filling the tiny spaces between the grains of sand. Buried so deeply, the oil is under extreme pressure. When a well is drilled into the reservoir, the oil eagerly flows up to the surface. Then, with less competition for space in the reservoir, the pressure falls and the flow rate declines. To compensate, the operator drills more wells and can put in place elaborate mechanisms to maintain pressure in the field.

For several years, even decades for the largest fields, it is possible to continue extracting oil at a high rate. Inevitably though, the amount that flows from the reservoir begins to decline.

Many of the world's largest and oldest oilfields are succumbing to this fate; production is falling, sometimes rapidly. Two of the biggest fields, Cantarell in Mexico and Burgan in Kuwait, are confirmed in this category. Even the giant Ghawar field in Saudi Arabia, the largest discovered, may be showing the same symptoms of old age.

Despite enormous industry efforts, production from the largest fields and regions such as the North Sea is declining. Companies must now exploit new frontiers. They are taking enormous strides; into deep water off Africa and Brazil, remote areas of the Caspian and East Siberia, and also into unconventional Canadian tar sands. All this and more in a bid to shore up falling production in old heartlands.

The oil industry is running hard but only just managing to stand still. The size of discoveries in the new frontiers is falling. Depletion, the rate production is declining in existing oil provinces, meanwhile, increases.

In just a few years, the scales that are now finely balanced between new production coming on stream and declines in mature regions may lean more heavily on the side of depletion. Peak oil would then be behind us and our economies will be forced to survive with less oil each year.

What then for oil prices? Supply can no longer increase to meet rising expectations. Increasing oil prices over the past five years, and the subsequent fall in vulnerable housing markets, have pushed the US towards recession. Perhaps that move already has enough momentum to keep a lid on consumption. If not, prices will rise again to further destroy demand. Either way, the fate of the world's largest economy may already be sealed.

Phil Hart is petroleum facilities engineer, Melbourne, for the Association for the Study of Peak Oil.
www.aspo-australia.org.au/

Sorry to march on in here, but just what does this have to do with the topic?

Not with the topic but with Wastegate screwing europe.:yep:


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