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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997
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SUBSIM: The Web's #1 resource for all submarine & naval simulations since 1997 |
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06-10-08, 03:16 PM
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#1 |
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Sea Lord
 Join Date: Jul 2002
Location: Pacific NW
Posts: 1,894
Downloads: 6
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UAE oil minister says price spikes "crazy"
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06-10-08, 03:27 PM
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#2 |
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Lucky Jack
 
Join Date: Jun 2005
Location: In a 1954 Buick.
Posts: 28,255
Downloads: 90
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I read this also. It would seem the wonderful speculators are up to this. The man states there is plenty of oil now and will be for a very long time.
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“You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road |
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06-10-08, 03:32 PM
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#3 |
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Navy Seal
 Join Date: Jul 2004
Posts: 5,874
Downloads: 6
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Inventories aren't full everywhere.
I find it strange that UAE are stockpiling reserves. [sarc]I wonder if they're expecting the price to fall[/sarc]
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[SIGPIC][/SIGPIC] |
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06-10-08, 08:05 PM
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#4 |
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Grey Wolf
 Join Date: May 2008
Location: Depth-charged to Kingdom Come
Posts: 927
Downloads: 28
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The UAE is stockpiling because in 50 years or so, it will be all over.
Mountains of cash from oil, IT WILL BE ALL OVER! The oil industry, GAME OVER!  FINISHED, KAPUT!  No more oil from that part of the world! |
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06-10-08, 08:13 PM
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#5 |
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Rear Admiral
 Join Date: Apr 2005
Posts: 11,866
Downloads: 0
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There is no reason for almost $140 per barrel oil. This is thanks to our prosecutors for failing to prosecute Ex-Enron execs. In that final recorded tape of two execs, they clearly state that everyone who had any hand in shutting off the power to California for no reason were moving to the oil industry.
Nice. -S
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06-10-08, 11:56 PM
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#6 |
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Sea Lord
Join Date: Jul 2002
Location: Pacific NW
Posts: 1,894
Downloads: 6
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I really do wonder how long it will take before we run out of oil. Scary stuff. Estimates are all over the place.
PD |
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06-11-08, 09:50 AM
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#7 | |
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Fleet Admiral
 Join Date: Oct 2006
Posts: 19,362
Downloads: 63
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Quote:
When faced with a limited supply of a very important resource (oil), it is always better to use the other guy's supply first. Even if it costs you more money. One of these days the middle east will run out of oil and than we can sell our oil to the world. And I wonder what price we will charge 
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abusus non tollit usum - A right should NOT be withheld from people on the basis that some tend to abuse that right. |
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06-11-08, 12:59 PM
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#8 |
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Pacific Aces Dev Team
 Join Date: Sep 2001
Location: Atlanta, GA, USA
Posts: 1,079
Downloads: 6
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Eventually, oil will go the route of coal. Being they are both a product of
the Industrial age which has long been over (economics keeps it going), it should not be too long (considering the high prices) that a new technology will be invented/discovered that will move energy to a free state. I believe that has already happened to small degree but the millionare/billionare population has buried it. Wake Up citizens of the World and see it doesn't happen again !!! JIM
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If you\'re not taking losses, you\'re not doing enough. RAdm. Kelly Turner, USN ********************************** www.fairtax.org |
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