Risus are you bilingual? I rush to type and as you know many people today they take letters out of a word to shorten typing time. I never said that I was a grammatical export. I respect your criticism as well literary superiority over Socrates.
Nationalize Canadian oil reserves!!!!
- Thread starter Socrates the Greek
- Start date
Risus are you bilingual? I rush to type and as you know many people today they take letters out of a word to shorten typing time. I never said that I was a grammatical export. I respect your criticism as well literary superiority over Socrates.
Well Risus vs Socrates II, certainly didn't live up to the hype and ends rather flatly in a draw. "The Thrilla turns Vanilla"
I'm not exactly an expert, but have worked in the industry for over thirty years and watch it quite closely. and I think what has happened is that over the last ten years or so China and India have taken off economically and more and more of them have been buying vehicles and IMO this kind of caught the producers off guard. There may have been a shortage at the beginning and the oil companies have been playing catch up ever since, but since the price started to rise the speculators have added fuel to the fire (no pun intended).So it could be a perfect storm where you have three factors contributing to the rise in oil prices and not just one. of course I could be full of sh*t.
In order to appease my adoring public I might just have to return to my quest.... ;-)
Sorry Soc.
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You are making valid points Lester, I think also the 4th factor is that in North America Bush just yesterday asked Congress to lift the moratorium on oil drilling exploration and the 5th factor is they stopped building new refineries as you know in North America. The feds both here in Canada as well the US should over see that there should be limited amounts of futures trading in big oil contracts. But the Feds will be shouting them self’s at their faces should they intervene. Bush barking about lifting the moratorium on oil drilling is nothing but bull sh!t theatrics.
Now I'm confused. First you are calling China my brother in another thread, and now you are calling me bro...
K, confused. Are we friends now?
I still think that the feds should get the energy issue under control but they have no balls.
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The east buys foriegn oil bacause there is no pipline fron Alberta to Ontario, the pipelines go to Manitoba and then take off south. Don't ask me why, but I bet it has something to do with NAFTA.
The problem is that as soon as the masses convert to a different source of energy as you know the price uncontrollably hits the sky. Just imagine out of 6 Billion people 5 Billion need energy, and if we are having a problem at 5 B it becomes scary if the world population would reach 8 B as it is predicted with in this century.
But it;s wonderful we can burn propane and give all of our oops sorry Albatrossertas oil to America and then maybe they wouldn't invade and liberate us and the water..:lol:
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Free energy, not while there's a capitalist left alive to stop you. Even if there was even ten thousand oil customers on the planet the capitalists will still demand a hugely inflated price at gun point, after all the stockholders and investers have to be compensated for thier efforts. 8 billion! not with the fallout, and drought, and capitalist pigdogs.:lol:
Chin up.... If they keep buying on spec and artificially inflating the worth of everything, they may find themselves stuck with a lot of useless paper while us dregs thrive on the barter plan....
They have a history of better barter though, it's always us stuck with the pretty paper Wolf, they aquire assets while the paper steadily depreciates, there's two for one sales on mansions in calafornee at fifty cents on the dollar (twenty-five next week). Gold and silver factorys huge piles of beans and vats of cooking oil, get rid of all your cash Wolf I'm on a buying spree If I can't eat it or burn it I ain't interested. Of course I'v had a capital problem for a while now so there isn't realy much to divest, one manager can handle it nicely. Pigd chickens beans potatoes water firewood flamethrowers, winters coming, I don't like the cold no more.:smile: