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Re: GOP OIL LIES

On Jun 18, 2:55 pm, Rudy Canoza <notgen...@yahoo.com> wrote:
> On Jun 18, 2:47 pm, "Larry Hewitt" <larryh...@comporium.net> wrote:
>
>
>
>
>
> > "John Galt" <whoisjohng...@bluebottle.com> wrote in message
>
> >news:zE86k.176933$pm2.99217@en-nntp-04.dc1.easynews.com...
>
> > > "Sid9" <s...@bellsouth.net> wrote in message
> > >news:ob76k.7101$3F5.5533@bignews2.bellsouth.net...
>
> > >> "Rudy Canoza" <pi...@thedismalscience.not> wrote in
message
> > >>news:qeqdnVGMBq8LCcXVnZ2dnUVZ_oninZ2d@earthlink.com...
> > >>> cmdr buzz corey wrote:
> > >>>> On Jun 17, 9:36 pm, Rudy Canoza
<pi...@thedismalscience.not> wrote
:
> > >>>>> NO, you illiterate fuck.  Rising demand is *causing*
the high p
rices.
>
> > >>>> The current high price of oil is because of speculators in
the mar
ket.
>
> > >>> Speculators are part of demand, you stupid toothless drooling
fuck.
>
> > >> Speculators never take possession of oil.
> > >> They take possession of pieces of paper.
>
> > >> Therefore they do not change demand.
>
> > > Speculators own contracts on oil, after which, it cannot be sold.
> > > Therefore, it is off the market, and decreases supply. Decreasing sup
ply
> > > in the face of constant (or, in this case, rising) demand always incr
eases
> > > prices.
>
> > But the contracts are to sell the oil at a certaiin price on a certain 
date.
>
> > The oil must be sold.
>
> The oil doesn't actually need to change hands.  Money does.
>
>
>
>
>
> > >> Adam Smith's supply/demand does not work in an oligopoly market.
>
> > > Supply and demand explains the oil matter perfectly.
>
> > >http://www.realclearpolitics.com/articles/2008/04/start_drilling.html
> > > "...It may surprise Americans to discover that the United States is
t
he
> > > third-largest oil producer, behind Saudi Arabia and Russia. We could 
be
> > > producing more, but Congress has put large areas of potential supply
> > > off-limits. These include the Atlantic and Pacific coasts and parts o
f
> > > Alaska and the Gulf of Mexico. By government estimates, these areas m
ay
> > > contain 25-30 billion barrels of oil (against about 30 billion of pro
ven
> > > U.S. reserves today) and 80 trillion cubic feet or more of natural ga
s
> > > (compared with about 200 tcf of proven reserves).
>
> > > What keeps these areas closed are exaggerated environmental fears, st
rong
> > > prejudice against oil companies and sheer stupidity. Americans favor 
both
> > > "energyindependence" and cheap fuel. They deplore imports --
who want
s to
> > > pay foreigners? -- but oppose more production in the United States. G
ot
> > > it? The result is a "no-painenergyagenda that sounds appealing but
ha
s
> > > no basis in reality," writes Robert Bryce in "Gusher of Lies:
The
> > > Dangerous Delusions of 'EnergyIndependence.'"
>
> > > Unsurprisingly, all three major presidential candidates tout "energy
> > > independence." This reflects either ignorance (unlikely) or
pandering
> > > (probable). The United States now imports about 60 percent of its oil
, up
> > > from 42 percent in 1990. We'll import lots more for the foreseeable
> > > future. The world uses 86 million barrels of oil a day, up from 67 mb
d in
> > > 1990. The basic cause of exploding prices is that advancing demand ha
s
> > > virtually exhausted the world's surplus production capacity, says ana
lyst
> > > Douglas MacIntyre of theEnergyInformation Administration. The result:
> > > Any unexpected rise in demand or threat to supply triggers higher pri
ces.
> > > (...)
>
> > > Members of Congress complain loudly about high oil profits ($40.6 bil
lion
> > > for ExxonMobil last year) but frustrate those companies from using th
ose
> > > profits to explore and produce in the United States. Getting access t
o oil
> > > elsewhere is increasingly difficult. Governments own three-quarters o
r
> > > more of proven reserves. Higher prices perversely discourage other
> > > countries from approving new projects. Flush with oil revenues, count
ries
> > > have less need to expand production. Undersupply and high prices then
feed
> > > on each other.
>
> > > But it's hard for the United States to complain that other countries 
limit
> > > access to their reserves when we're doing the same. If higher U.S.
> > > production reduced world prices, other countries might expand product
ion.
> > > What they couldn't get from prices they'd try to get from greater sal
es.
>
> > > (...)
>
> > Actually , supply and demand has little to do with the high cost of oil
> > today.
>
> Actually, supply and demand are completely determining the price.- Hide q
uoted text -
>
> - Show quoted text -- Hide quoted text -
>
> - Show quoted text -

To see a video of the energy solution go to this site. You really owe
it to yourself.

http://video.google.com/videoplay?docid=-4383822594398061912&q=Joseph+N
ewman&total=168&start=10&num=10&so=0&type=search&plindex=9

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