First of all - HKusp - I do not credit the WorldNetDaily.com as a legit source. You might as well quote Rush Limbaugh. I do not give any weight to any media so far Right or Left. But, to broaden my knowledge base, I read the article. Assuming you read the article, you missed a few key points. It talked about underground oil fields filling from lower reserves. Much like a higher underground aquifer can fill from a lower aquifer. That's great, but it takes time to refill. Some of the related reports were giving timelines of 10-20 years. That will be great in 2028 when gas prices are $50 per gallon. What happens in the meantime? Also, the article states that the theory of naturally recurring oil happens at 5-20 miles deep. Currently, the deepest oil well is 7 miles deep. I have no doubt that someday the technology will be in place to drill 20 mile deep wells, but the price of gas may be $20-$30 a gallon by then. And how much will it cost to drill a 20 mile deep well? I think we can develop some better auto technology by then.
Second - Oil reserves in the US are at an 11 year supply with a 3 year reserve. Canada is the largest importer to the US - not Iraq or Saudi. (All per the DOE) The USGS says that the Bakken formation under Montana could be the largest continuous oil formation ever discovered in the US, yet is only a 5-7 month supply. I cannot believe that none of you find this alarming. I know Rush will always blame the Dems, but there is no conspiracy to hide oil from Americans. I do not see how you come to the conclusion that Dems want to destroy our economy. That's absurd. That's just like a Dem saying that all Reps are either gay or child molesters. A couple are, but not the whole party.
Try reading a publication such as the Wall Street Journal or The Economist. They are pretty unbiased by party affiliation and you can learn a lot about oil prices and the economy. Simple things like a falling dollar means everything imported to the US will cost more – including oil. When the Fed is printing hundreds of billions of dollars to bail out the banking system, the money supply increases which makes it worth less relative to other currencies. I know that “Supply and Demand” is the only economics that 98% of Americans know, but you have to look at things like the money supply also.
I could go on forever, but this is like arguing with a bible thumper that has never read the bible – pointless.
__________________
2000 F350 Lariat, PSD, Crew Cab, Short Bed, Tymar
well everybody is gonna have to raise their rates except the folks that can't afford to and they have no choice but to close down and i hate to get off topic but what is up with dodge's 2.99 gas/diesel selling point.. i mean i know their desperate but 2.99... there's some evidence they can GUARENTEE 2.99/gal for 3 years speaking of who's layin with the exxon exec's
If you do the math: if Dodge has to subsidize diesel selling at $4.99 a gallon (consumer pricing) it costs them $2.00 per gallon. They probably get a "deal" with the oil companies and even in CA diesel is (only) $4.75 and gas is about $3.99 now. If the the car or truck gets 15 mpg and the max miles per year is 12,000, that's $1,600 a year for 3 years is a total of $4,800. When I bought the Expedition for the wife during the last "gas crisis" in 2005, I got almost $12,000 in discounts and rebates! I guess dodge can afford $4,800 in this latest gas crisis.
If you do the math: if Dodge has to subsidize diesel selling at $4.99 a gallon (consumer pricing) it costs them $2.00 per gallon. They probably get a "deal" with the oil companies and even in CA diesel is (only) $4.75 and gas is about $3.99 now. If the the car or truck gets 15 mpg and the max miles per year is 12,000, that's $1,600 a year for 3 years is a total of $4,800. When I bought the Expedition for the wife during the last "gas crisis" in 2005, I got almost $12,000 in discounts and rebates! I guess dodge can afford $4,800 in this latest gas crisis.
Probably the deal with the oil companies is "This is the price". Like you said, consider it a $4800 rebate spread out over time.
__________________
01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
First of all - HKusp - I do not credit the WorldNetDaily.com as a legit source. You might as well quote Rush Limbaugh. I do not give any weight to any media so far Right or Left. But, to broaden my knowledge base, I read the article. Assuming you read the article, you missed a few key points. It talked about underground oil fields filling from lower reserves. Much like a higher underground aquifer can fill from a lower aquifer. That's great, but it takes time to refill. Some of the related reports were giving timelines of 10-20 years. That will be great in 2028 when gas prices are $50 per gallon. What happens in the meantime? Also, the article states that the theory of naturally recurring oil happens at 5-20 miles deep. Currently, the deepest oil well is 7 miles deep. I have no doubt that someday the technology will be in place to drill 20 mile deep wells, but the price of gas may be $20-$30 a gallon by then. And how much will it cost to drill a 20 mile deep well? I think we can develop some better auto technology by then.
Second - Oil reserves in the US are at an 11 year supply with a 3 year reserve. Canada is the largest importer to the US - not Iraq or Saudi. (All per the DOE) The USGS says that the Bakken formation under Montana could be the largest continuous oil formation ever discovered in the US, yet is only a 5-7 month supply. I cannot believe that none of you find this alarming. I know Rush will always blame the Dems, but there is no conspiracy to hide oil from Americans. I do not see how you come to the conclusion that Dems want to destroy our economy. That's absurd. That's just like a Dem saying that all Reps are either gay or child molesters. A couple are, but not the whole party.
Try reading a publication such as the Wall Street Journal or The Economist. They are pretty unbiased by party affiliation and you can learn a lot about oil prices and the economy. Simple things like a falling dollar means everything imported to the US will cost more – including oil. When the Fed is printing hundreds of billions of dollars to bail out the banking system, the money supply increases which makes it worth less relative to other currencies. I know that “Supply and Demand” is the only economics that 98% of Americans know, but you have to look at things like the money supply also.
I could go on forever, but this is like arguing with a bible thumper that has never read the bible – pointless.
cobaum, I am not kidding you. I am not the equivalent to a Bible thumper that doesn't read the Bible and I resent the implication. I understand the efffect of the "weak" dollar and what it implies with relation to imports and exports. I also understand that it is the Democratic party, by and large that is causing the American dollar to be weak. You are the one that stated that you like what Obama is SAYING not I. You need to do a little investigating on what he has done. I do read and I do know what the records are. I also know that at every turn, the democratic party makes it harder for businesses to operate. They want to redistribute income from one socio-economic group to another. That is socialism, plain and simple. They are constantly working toward a nanny state that takes care of the citizens from the cradle to the grave, and makes the people of this country dependent on government for their guidance and support. Those are the facts.
As for the topic at hand, the 11 countries which make up the Organization of Petroleum Exporting Countries produce about 40 percent of the world's oil and hold more than 77 percent of the world's proved oil reserves. OPEC also contains nearly all of the world's excess oil production capacity.And even though Canada is not one of the member nations of Opec, the price of oil throughout the world is HEAVILY influenced by them. Therefore, Canadian oil prices to the US are dictated by them. So if we can supplant the oil supplied by OPEC by getting our own oil, we would be in effect independent of OPEC and by default would be better able to influence the market price of oil in a lower amount. If we were to add supply to the market, the market would respond with lower prices. Economics 101. I know you feel that it isn't that simple and that the "weak" dollar influences this situation. You are partly right, but even so, if the oil that is here in this country was to be entered in to the world supply, it would first of all, strengthen the American dollar exponentially, and secondly, it would make OPEC far less influential in the world. This is a win win for everyone except those who want terrorism to reign supreme in the world. If you read the Wall Street Journal, I would think that this wouldn't be a difficult concept.
As for your comment about the World News Daily, It doesn't matter what the source is, the concept and the science was what I was citing. It was the first article that stated the concept in a clear and concise manner. You can't argue with the science so you knock the source. If you'd like I will dig up Dr. Gold's original articles and cite them for you.
__________________ -Jason PAA Member #3 (with some booosht!)
Jason, thank God for you. I just don't have the energy or the patience to try and convince these out and out idiot left-wing whackos of anything anymore. They truly want to be taken care of from the cradle to the grave. That foolish book written by Shillery, It Takes a Village, is a prime example of what they think of the American man and womans ability the raise a family on their own.
__________________ Mark
Above car featured in Sept. '83 Super
Stock & Drag Illustrated. No longer mine.
1999.5 F-250 2x4 Extended Cab Long Bed
208,000+miles
custom leather interior
6637 Mod
4 inch SS Straight Pipe
DP Oh Boy! Need I say more?
PhD In Common Sense & Logicalogy
University of Hard Knocks
First off, I am a centrist. In the last five presidential elections I voted Rep twice, Dem twice, and Indy once. I just sound left here because I am not screaming "Shoot all the donkeys".
Obviously, you should always question the source of your information to determine their motivation. I did not, in the end, knock the source; I knocked the relevance as a solution that would matter in time. If a solution is not derived in the next year, it will not matter. The Reps have been in charge of the executive and legislative branches for a decade and you blame things on the Dems? Ridiculous. Dems in charge of the legislative branch for a year and it's their entire fault? Ridiculous.
Extremists cannot be reasoned with regardless of their origin - right-wing or left-wing. I obviously found the former here. Extremism leads to nationalism leads to terrorism. I don't see much difference between Timothy McVeigh and Osama Bin Laden. It’s a fine line. Once again, this is pointless.
__________________
2000 F350 Lariat, PSD, Crew Cab, Short Bed, Tymar
You are right, it is pointless. If you think Timothy McVeigh and a couple of goofballs like him are the equivalent to Osama Bin Laden and 100 million Muslim extremists that would kill you and everyone you have ever known or loved, you are hopeless.
So let me get this straight, you are saying that we have less than a year to all stop driving our diesels and soccer mom gas guzzling SUV's or the US economy is going to tank and we will be in a depression the likes of which we will be hard pressed to recover from? Is that what you are asserting here?
10 years equals 7 years in your world too, so I guess you are correct. 2001- 2008 = 7 years, prior to that Mr. Clinton was the president. BTW, I am a CONSERVATIVE not a republican these days. The republicans that are running things, bow down to the left far too much for my taste.
__________________ -Jason PAA Member #3 (with some booosht!)
Great reply! I couldn't agree more, some Republicans have really let the party and conservatives down.
cobaum, no one I read in this thread said "Shoot all the donkeys". I just take exception to everything their party stands for. I fought in SWA twice; and today as I watch the back and forth between our Commander-in-Chief and Democratic members Congress and party leaders, I'll always wonder what the war in Iraq would look like today and how many American and allied GIs lives would've been saved if, since 2003 every one of them had stood in front of a news camera and consistently said something like this:
"We support our President in his pursuit to free the people of Iraq from an evil dictator who continued to target American forces in the "No Fly Zones" despite saying he had given up; and led us to believe he was stockpiling WMDs. We'll fight the Islamic terrorists no matter how long they use cowardice to blow up innocent civilians. We will out last them, we won't abandon the people of Iraq we're there to stay!"
Unfortunately, although the Republicans led the Congress before, they didn't have the majority required to get things done. In other words, STALEMATE. So to some degree it is the American peoples fault; we're who puts them in office. "Centrist" sounds a lot like "lukewarm, neither hot nor cold" and I hope we all know what God said about how it tastes. Just a little thumpin here. I think I'm done now. What used to be right is now wrong.....what used to be wrong is now right. See yesterday's California Supreme Court Ruling.....4 judges overrule 61% of the voting public! WOW! V/r Les
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2002 True Blue F350 Ext Cab 4x4 7.3 PSD SRW LB
Rhino Line; 4" BDS Lift; Bilstein Shocks; Centerline Rims; Racor Ext Fuel/Enviro Bypass Oil/Magnafine Trans Filters; 8 Autometer Cobalt Gauges; AIS; Toyo 315/75R16 ATs; Banks Monster Exhaust, Mag-Hytec Trans & Rear Diff Covers; BTS; ATS: AIH Delete; Spearco CAC; DP Tuning; DI SS UPs 30 Yr USAF Vet
I'm so far to the right I would cause Rush to cringe. I risked my life in Southeast Asia for 13 months to make their country a better place for them to live. What do I get in return? 58,500 dead comrades in a conflict started by dems, and the very people I was trying to help make their country a better life now making my life miserable and drove me out of my birth state thanks to that clown Carter. My thoughts on most of this, if acted out would at the very least land me in prison, or probably get me killed. If all you have is bad to say about the US, there are planes and ships leaving everyday back to wherever you came from.
__________________ Mark
Above car featured in Sept. '83 Super
Stock & Drag Illustrated. No longer mine.
1999.5 F-250 2x4 Extended Cab Long Bed
208,000+miles
custom leather interior
6637 Mod
4 inch SS Straight Pipe
DP Oh Boy! Need I say more?
PhD In Common Sense & Logicalogy
University of Hard Knocks
For a while I was worried that we had no real energy policy. Certainly Obama, Clinton and McCain haven't come up with one yet. Then I saw at least Bush had one - beg the Saudis for more oil. So far it hasn't worked but you never can tell - maybe they will feel sorry for us soon.
I hate seeing the oil companies reporting record profits while we pay for it at the damn pump. I'm over it. We gotta work so we have to continue to buy fuel. I'm researching home biodiesel which looks promising and I've made some mods. Made a big difference. No kidding, I got 23 miles per gallon from minneapolis to fargo. I have a edge juice w/attitude programmer, intake and turbo back exhaust.
I f***ing hate seeing the oil companies reporting record profits while we pay for it at the damn pump. I'm over it. We gotta work so we have to continue to buy fuel. I'm researching home biodiesel which looks promising and I've made some mods. Made a big difference. No kidding, I got 23 miles per gallon from minneapolis to fargo. I have a edge juice w/attitude programmer, intake and turbo back exhaust.
Even worse, our sworn enemies, Iran, Venezuela, Russia, even Saudi Arabia are having record profits. At least the oil companies won't be using the money to kill you!
I hate seeing the oil companies reporting record profits while we pay for it at the damn pump.
You people and your mimicking of the media. I have seen and heard that stupid phrase "record profit" go around to the point it is a cracked and broken record. People, it is 10% give or take 2%.
Somebody explain it to me but 10% isn't really much to squeak about. they spent 360 billion to make that 40 billion of "record profit" that you people are getting wound up about.
__________________
01 Excursion 7.3L Powerstroke. Gauges with AIH Delete, AIS, CCV Mod, 4' MBRP, BTS Trans, 6.0L Trans Cooler and Intercooler, DP-Tuner F5 chip, ITP In Tank Mod and Boost Annihilator, Diesel Innovation's Regulated Fuel kit, BTS Big Oil system and Van Turbo. Bilstein Shocks with U code front and A code Rear.
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