Careful, you wouldn't want to hurt my feelings.

You want to insult me so bad you had to put words in my mouth to do it.

Rho

 

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Prices are going to rise because the only large stores of oil left are difficult to get to or difficult to refine or both. And don't give me any crap about Alaska -- their oil might not be as hard to get to as it is to get gasoline from the tar sands, but it's sure not easy.

And Obama's attitude on petroleum? Goddammit, Rho, you aren't dumb enough to think that continued use of oil at anything even close to our current rate is a good thing.

 

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are you predicting a "gas bubble" ?

 

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Meaning use of oil at something quite a bit LESS than our current rate?

Do you have any idea what that would be like? I don't think you do.

We'll get there. We just shouldn't by having the government decide when and how fast.

Rho

 

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Yes, I do, and it won't be pretty. But, then, neither will climate change. And, again, you're not dumb enough to deny anthropogenic climate change. I know you'll try, but you're not that dumb.

And only one of these things is fixable once it happens.

 

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Then I'm confused.

Is the high price of gasoline caused by morally bankrupt greedy wall street speculators or by the insightful and correct energy policy of the Obama administration of making gas expensive in order to wean us off of the doomsday-bringing global-warming-accelerating fossil fuel dependency?

Rho

 

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doesn't Alaska already have a pipeline in the general vicinity of where they want to drill?


how many years have they been using that pipeline already?


how long do they expect it to produce at the current rate?


could that be used as a measure of how long the other site "might" produce?

 

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wtf is anthropogenic?

doesn't anyone speak english anymore?

 

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Even Pakistan, that hotbed of liberal socialism is asking for the USA to investigate this.

Oil companies behind oil price fixing and artificial high prices

Dr. Jassim Taqui


Islamabad—The oil companies devise various means to ensure the surge in oil prices by fixing prices and creating artificial shortage. The process helps also black marketers to earn huge illegal wealth creating misery and instability for the oil consumer nations and individuals. The price fixing started in America. It is now being witness in Punjab. It might expand all over Pakistan if the authorities do not hold investigations to identify the culprits and impose exemplary punishment on them.

In the process, these companies have earned billions in additional illegal profit, fleecing the consumers and delaying economic recovery from one of the worst kind of recession that threatens to devastate the global financial system.

The issue started in Missouri, United States, when Senator Clair McCaskill took note of the price fixing by oil companies and vowed investigation into this affairs to help shed light on industry practices. Claire promised to expose all those involved regardless of the findings.

Now, the American Federal Trade Commission ( FTC) is investigation into why some of America’s top oil companies closed their refiners for maintenance causing the prices to rise. The investigation came as a result of allegations that oil companies deliberately closed refining facilities to artificially decrease supply and drive up prices.

According to the FTC, oil company profits have nearly doubled since the beginning of 2011, even though oil refinery production is down 7 percent from last year. Investigators have been giving compulsory authority to demand internal documents related to the decision to shut down production.

Oil cartel is also practicing one of the worst crude oil fixing that goes at variance with market economy. Oil producers work hand in hand with large oil companies to fix oil prices by production quotas, which they adjust to ensure that oil prices would never come down. These oil companies and oil producers are fleecing oil consumers all over the world. They are also behind prolonging global recession.

The mega oil mafia also creates instability and regional wars in oil producing countries ( Nigeria, Libya, Sudan, Iraq , Iran and other regions) to create panic and ensure sharp rise in oil prices.

It is about time that international investigation should be held to arrest this fraud and to bring to accountability the mega oil mafia that is stealing every individual in the globe by manipulating the prices of this strategic commodity.

http://pakobserver.net/detailnews.asp?id=99775

but oh yeah I forgot, Pakistan loves Obama.....those damm liberal commies!

 

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figured it out


muslims like oil and that is why they populate oil rich countries


they are like divining rods for oil

 

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