Ready for OIL to go up to $150 a barrel?? Next week!!

B00Mer

B00Mer

Make Canada Great Again
Sep 6, 2008
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Ready for OIL to go up to $150 a barrel?? Next Week!!

The Bab al-Mandab strait off Yemen is a key choke point for transportation of goods and oil. The Al Houthi rebels backed by Iran are making their way to the Port of Aden.



Some say they can't stop shipping traffic, other say they can. They do have the military power to take out ships.

About 17 million barrels of oil, or close to 35% of the world’s tankered oil supply, pass through the Strait of Hormuz daily.

Houthis to Control Critical Naval Chokepoint - Middle East - News - Arutz Sheva

......................

What do you think.. I know Flossy will be disappointing that Alberta's financial crunch will be over shortly. :lol:

Love this posted on that link...

"Iran’s Houthis to Control Critical Naval Chokepoint.....with compliments of Hussein Obama and Kerry, who, as a 'bonus', left behind over 500 Million Dollars of US equipment for them, just as they did in Syria and Iraq.

Qatar, Turkey, Iran and Obama - are licking their chops, obese from the gluttony of treason and war crimes."
 
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Curious Cdn

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The flawed assumption in all of this is that we still rely on Middle Eastern oil. It's a cheap source of oil, no doubt but no longer a reliable one. Other, somewhat more expensive sources have been developed over the years of ... and because of expensive petroleum. We really don't need the Arab potentates as we once did. They can blow each other to hell and we'll be just fine.
 
Dixie Cup

Dixie Cup

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I understand that we have more than enough oil in N. A to pick up the slack so there should be no worries. Let them block the "unethical oil" - we can provide for ourselves.


JMO
 
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Curious Cdn

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Dixie Cup said:
I understand that we have more than enough oil in N. A to pick up the slack so there should be no worries. Let them block the "unethical oil" - we can provide for ourselves.


JMO
Click to expand...
Obama was going on about "dirty" Canadian (oil sands) oil a few weeks back.

Real "dirty" oil comes from air strikes, tank formations and endless troop movements in the desert.
 
MHz

MHz

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Mar 16, 2007
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I fail to see how this is going to punish Russia for her aggression but what must be, must be. What could go gnorw?

Dixie Cup said:
I understand that we have more than enough oil in N. A to pick up the slack so there should be no worries. Let them block the "unethical oil" - we can provide for ourselves.

JMO
Click to expand...
Correct me if I'm wrong but fracking results in wells that cannot be stut off or the gas just starts seeping up on the outside of the pipe and then into the ground water aquifer and eventually at a tap from a water well or just seeps up as cracks open and close. Under those conditions the people in those areas should be getting it for free at the risk of reduced availability is sales to outside areas can be found. We have decent gasoline because the oil we import has lots of that product in it, that is why we buy it. If those sales continue but at a reduced rate the in theory for us to not have a slow-down we would just need engines that delivered better mileage.

If we have more NG than oil shouldn't that be piped south? (if South America isn't getting the contracts to export their surplus north. That would mean production levels for oil would be even less demanding once Texas and NM and AZ were plumbed up.)
At the moment we grow more than we need and trends in that area might change.
When you become 'poorer' you find inventive ways to do the same job but in a more efficient way. Unless we are each going to eat 10 loaves of bread a day and wear wheat-straw clothing some of the grain-belt would be changed over to flax or some suitable crop.

Dumpster diving at an industrial level and we have enough heavy equipment and spare parts to keep them running for 100 years. By the time that was completed using most of the workforce we should have 'basic survival' down to needing about 10% of the workforce to be 'working' and the rest are free to pursue hobbies and other productive activities that keeps recreation industries booming meaning lots of employees and hobbies are guided by the people doing them so industry would have to follow their lead as to what they manufacture. I don't see anything wrong with that to be quite honest.
 
captain morgan

captain morgan

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Curious Cdn said:
Obama was going on about "dirty" Canadian (oil sands) oil a few weeks back.

Real "dirty" oil comes from air strikes, tank formations and endless troop movements in the desert.
Click to expand...

I have yet to be enlightened about what exactly constitutes 'clean oil'.

This would be very interesting if any of the blowhards stopped for a moment to define this component

MHz said:
Correct me if I'm wrong but fracking results in wells that cannot be stut off or the gas just starts seeping up on the outside of the pipe and then into the ground water aquifer and eventually at a tap from a water well or just seeps up as cracks open and close. .
Click to expand...

You are wrong.... Consider yourself corrected
 
petros

petros

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The rural residents that flocked to the PA countryside, built massive homes with 20,000L septic tanks and drainage fields with zero regard for the ground water and thus creating gas pockets in the water table they extract from?

Those rural residents?
 
captain morgan

captain morgan

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Mar 28, 2009
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petros said:
The rural residents that flocked to the PA countryside, built massive homes with 20,000L septic tanks and drainage fields with zero regard for the ground water and thus creating gas pockets in the water table they extract from?

Those rural residents?
Click to expand...

Yeah... And apparently they had no issues with drilling water wells thereby perforating the natural geology and releasing any methane from those zones.... But we all know that their water is being affected by fracking a few hundred miles away.

Michael Moore says it's so, therefore it is fact
 
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