well get rid of the communist global warming BS and start deregulating the oil companies here and start drilling more here since we do have more oil off our shores and in alaska along with texas and throughout alot of this great country and start to biuild some more refineries here. It has been proven over and over that we have a bigger supplt of oil here than Saudi Arabia does any way but the enviromentalists won't ket us touch it

 

None of that is going to happen if Obama and/or Hillary move into the whitehouse. Hell, it won't happen if McCain wins either. No one in our government is willing to stand up and fight anymore. More of the status quo.

 

Did you know there is 1 trillion... yes trillion barrels of oil trapped in shale rock in Colorado and Wyoming? That is 5x's the reserves in Saudi Arabia. The problem is finding an economically feasible and environmentally friendly way of extracting this stuff from the rock. Not that I give a crap about the environmentally friendly thng all that much, but the current method of extraction leaves an extremely toxic byproduct.

The process they're working on now involved super-heating the ground for a period of years to let the oil "seep" out of the shale. If we could find a way feasible way to extract this oil and tap some of the other oil resources we have at our disposal, we can get the hell out of Iraq and let Israel deal with that God forsaken part of the world.

http://en.wikipedia.org/wiki/Oil_shale

http://money.cnn.com/2007/10/30/maga...tune/index.htm

 

Yeah, its always the USA's fault...it has nothing to do with those3 couple billion or so Chinese and Indian people burning the stuff up faster than we ever thought about. :roll: Heard a story about the up coming olympics in China. They said Chine had, I think the number was 16 of the most polluted cities in the WORLD!!! Athletes are opting to not train over there at all and not even go there until the last minute due to the air being bad for their performance...we are the cause of all the bad air in the world and all the oil being used :roll:

 

I don't buy into the 'blame the USA' routine, but there's an element of truth in what the guy quoted in the article says. Supply and demand alone don't account for $110 oil. Falling dollar value is a part of it, overseas demand is a part of it, and our own refusal to adjust our lifestyles is a part of it. All that being said, the biggest issue right now is speculation. He may say it's caused by economic mismanagement and others may say it's caused by other forces, but the bidding is beyond reasonable right now.

Non-stock money has to go somewhere, and as people start betting one way or another concerning a recession there tends to be more and more money leaving the stock market. The traditional avenues are not exactly attractive. CMO's? Yeah, right. Newly issued bonds? They don't pay crap as interest rates fall. Outstanding bonds? They have skyrocketed in price as interest rates have fallen, so their actual outlay isn't very attractive (even if we ignore any recent increases in default risk). So the money flows into gold and oil - two things that people are pretty certain we'll always buy. Other commodities have likewise had a good run recently.

If the big banks manage to dig up enough cash to work their way out of the current liquidity crunch, I think you'll see the markets stabilize late in the summer. That should cut into the speculation, moderate prices, and quite possibly cause some of the more greedy folks to take a bath on their oil plays.

My fear, however, is that we've made it abundantly clear that we (the end consumer) will just keep lining up and buying oil at whatever price it takes. This might embolden our "friend" Khelil and his ilk to cut production in order to maintain the high prices. The only long-term fix is to enact our own methods of moderating prices. Take your pick - increased domestic production, increased efficiency, use of ethanol to create competition, threats of withdrawing support and letting the wackos in the Middle East overrun their "friendly" dictators, etc. I don't know man.

 

Maybe I just look at it differently but from what I see that oil is selling on the stock market and companies and individuals investing in oil futures is driving the price.... not OPEC

 

8) Anybody on here know where I can buy a TURBAN. Also, thanks for the idea of a, "hole in the sleeper." I've been trying to figure out a way to put a tolet in my truck.(379 large car!) I bet it would work in my house also?