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curious odddity

Started 4 months ago by kootchman
Latest reply from JoB

kootchman
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Japan attacked us in WW ll ... cause we embargoed oil. They had to terminate the 7th fleet so they could use sea lanes unobstructed by the Royal Navy and the good old USN. Dutch East India oil fields were there only option.

So,, now we are on to Iran. The oil embargo is on. Europe will follow suit this time.... cause we are the lender of last resort. They have to, We are going to lend via the Federal Reserve, agains Euro assets on the books at their insolvent and over leverage banks... that's a done deal. (jeez where happened to all the posts about the glowing Euro model, remember those?)

The oil companies will love it. $200 per barrel? Insurance will love it...they will gouge while sailing safe under our war ships umbrella. That takes care of the corporate donors.

So why did the Senate go whole hog... every one of em voted for it. Heck, for the sake of argument..I will accept that "big oil" gets a treat..

But What was in if for Democrats? Why did all the Democratic Senators jump in with both feet?

Aha... China doesn't want to buy Treasuries, The pickings in Europe are their new target. Fire sale prices on bank assets and credit starved corporations..so they have said... they don't want Euro bonds..they want European assets. And they have US dollars to buy them with... So.. our "friends" the Saudis are delighted. We get to proxy fight Iran for them. They get the benefits of huge revenue increases for the instability and reestablish economic hegemony in the Gulf and in OPEC... . We have their assurances they will turn the pumps on full blast for us.. increasing output by 12 million barrels a day. Obama gets his big pledge... they will buy treasuries just like they did in the good old days before China became our creditor. Ain't it grand?

So.. in short... the poor, the working class, the middle class will get slammed with increased fuel costs. $ 4.50 - $ 5.00 gallon gas at the pump? Then, they will have to pay the interest on the Obama debt load which will undoubtedly rise, as will the treasury yield. we have to finance that 17 trillion dollar deficit... we will be borrowing a whopping .52 for every dollar we spend...all debt, all from Saudi Arabia. Guess we like their human rights record better than China? Better treatment of women too. Boy deficits... they make a politician do strange things.

Did I miss something? Did The Messiah have a 50,000 per plate dinner in Houston with the oil barons?

Is he that weak a president that his entire party dumped him? Or was it a wink and a nod protest?

http://www.defenddemocracy.org/news-picks/white-house-on-defensive-over-iran-sanctions

See why Keystone looks good JoB?

And you thought Bush and Haliburton were bad... they thought small ... this is really big corporate cronyism. The current regime does have a bigger vision after all. After baling our Wall Street, and floating a 7.1 trillion dollar fund via the Federal Reserve... he is thier daddy now.

Posted 4 months ago #
JanS
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correct me if I'm wrong(and I know you will - lol)...the Keystone will bring oil across the US from Canada...not our oil...right? So, except for the mostly temporary jobs that building it will create, if it's Canada's oil, what's in it for us? It'll still cost...right? It won't make us independent of anyone..right? No?

Posted 4 months ago #
HMC Rich
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Jan, It would be an option. Canada would love to sell to us, but they also know that China, India and maybe some S. American countries are expanding markets and need more energy.

But if the Strait of Hormuz was cut off, I bet we and our Canadian neighbors would cut a good deal. Oh prices would go up a bit because of the crisis, but what did Rahm say... never let a good crisis go to waste. But there would be options.

In the short-term, there are jobs in oil and Nat. Gas. For some reason the President always seems to favor the environMENTALists over jobs and expansion of jobs.

Let's drill in the Gulf, Let's drill offshore, lets drill in Anwar. I know this is a horrid thought for most of you but essentially not pursuing fossil fuels is hurting the low and middle class and smaller businesses. Paying more at the pump takes away money that could be spent elsewhere. (kind of like taxes)

Posted 4 months ago #
kootchman
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Keystone will also tap into the Bakkan oil fields in the Williston basin of North Dakota... bringing both sources to the refineries in the Gulf Coast. In fact Bakkan is the largest known oil reserve in the lower 48. The largest oil field ever confirmed by the USGS... and that is why ND has a 2 per cent unemployment rate. If Hormuz was cut off Bakkan could supply both Japan and South Korea... I would rather drill and pump by pipeline than drill 8000 feet deep, in the Gulf. But the Prez wants Saudi Arabia to buy up all his deficit promises.

here ya go Jan... remember all those tax credits for the oil industry....the ones for exploration and drilling R&D extraction methods? The ones that also perfected natural gas extracttion for the Marcellus shale formation? With LNG and industrial conversions in power plants, etc.. we could be energy independent.... there is enough natural gas to sustain 240 more years of energy at current rates of consumption 4 Billion invested in PA alone in the last two years and they are just getting tooled up...sure beats the Obama investment in the GM Volt,,how many billions went down that rat hole? ... Unlike Solyndra... when private capital goes to work... it gets results and taxpayers don't foot the bill either. BTY just in real estate taxes... the states will collect 5 to 7 billion in pipeline taxes.... Williston McDonalds workers are making 11 per hour..new roads, new infrastructure..

http://www.chron.com/opinion/editorials/article/The-Bakken-
factor-Could-this-oil-reserve-become-1690916.php

The recoverables with new drilling technology at now pegged at 35 BILLION barrels... ND will be the second largest oil producing state... yep...even outstripping Alaska production.

Marcellus Shale

Staggering.... and guess what... they are hiring!!! And the cool thing.. all that patented drilling equipment... sold overseas to Europe ... more jobs.

http://www.energyfromshale.org/marcellus-shale?gclid=CNj9tL6Aqq0CFQVwhwod2jNtnA

Posted 4 months ago #
kootchman
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Remember Jan... you heard it here first... when Obama sold 500 of our inventory of JDAM bunker busters to Isreal... I called it. The are first strike offensive weapons...We are provoking a confrontation. AND .. we are selling another 80 F-15 Strike Eagles with advanced targeting that even Bush wouldn't sell and we are upgrading the 78 existing Saudi F-15's to Bush banned avionics, and Satellite targeting kits. Liberals are very very very quiet... all of a sudden. well watch the poll numbers... when Romney takes the lead say in June... the fireworks start. Wag The Dog !!!! No wonder Obama doesn't want Keystone...

Posted 4 months ago #
JanS
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http://www.snopes.com/politics/gasoline/bakken.asp

Posted 4 months ago #
kootchman
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yes jan... The left has been trying sooooo hard to sink Bakkan production. No mass protests though..this ain't NYC territory.. USGS has upped the qty reserves of every report since the first reports in 1932. Instead of giving hundreds of millions to Fiskar motors, of good taxpayer dollars, to make electric cars.in Finland!!!.. say.. maybe we should have exploited what we have, what we know works, and is less polluting than coal or gasoline LNG..like what we run Seattle metro buses on? I will go with big oil on this one... they are sinking the wells, buying the leases, importing the driling rigs.... and doing the hiring. Even at the low end USGS estimate (now at 23 billion barrels) it's a whopper and ND will be the second largest oil producing state in the union, second only to Texas. The qty is not the question... the recoverability is... and that is all about technology of extraction. ..and the experts on that issue are the extraction companies who are making the investments. Want a link to the 103 pages of job offers? Many not directly in the fields... support industries, growing local businesses.. etc. That's a problem..given this administration's history of directing federal agencies to skew science... who do you trust? However the larger purpose of the thread is... we are provoking a Gulf war 3 .. massively injecting arms sales into a very unstable region, militarizing on an unprecedented scale one of the most oppressive, anti-west regimes, ... cause we need money to fund our deficit laden government. When you have no options you make bad choices... this administration should give us as many options and ways to avert war... not limit our options and force a crisis. Ya think?

Posted 4 months ago #
metrognome
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ummm ... Metro buses don't run on LNG or CNG, never have (with the possible exception of a test fleet over 15 years ago, but I'm pretty sure it wasn't LNG.) Metro explored that technology well over a decade ago and rejected it because of the cost of conversion and other concerns (as I recall, there were politics involved as well; I believe there may have been an order for LNG-fueled buses that was cancelled by the new Executive.)

Metro buses either run on electricity provided by overhead lines (the trolleys), or a combination of diesel and biodiesel fuel, or are hybrid and used electricity stored in batteries to run the bus when the diesel engine (powered by the diesel/biodiesel fuel) is not needed.

http://metro.kingcounty.gov/am/vehicles/vehicles.html

Posted 4 months ago #
metrognome
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and, Republican presidents have done exactly the same thing in many past administrations, which kind of deflates your anti-Obama rhetoric. Wasn't it Reagan who supported Saddam Hussein? And didn't the White House turn a blind eye to Hussein's use of chemical weapons against the Kurds? And 'allow' a branch of an Italian bank in Georgia funnel $5billion worth of Dept of Ag credits to Iraq?

Your umbrage at the current administration sounds like it came straight from Faux Noise ... never admit conservatives have ever made a mistake and hammer liberals for doing something similar.

Bonus question: who said, "I’m really glad to be here in Baghdad with my good friend, Saddam Hussein ..."

Posted 4 months ago #
TDe
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Little sidenote: Guess what the #1 U.S. export was in 2011? I'm guessing that we've got the potential to have all the energy secuity we need... except that U.S. companies prefer to sell our resources offshore for higher profits so that we must continue to import fuel from other countries and suffer higher fuel prices as a result. The craziness of this is beyond comprehension.

http://seattletimes.nwsource.com/html/nationworld/2017130298_export31

Posted 4 months ago #
JoB
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So much bile .
it's New Years Eve .
time to celebrate our possibilities not trash talk our past

Posted 4 months ago #
kootchman
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TDe and a good thing eh? That would be because? Because we have the refinery capacity to take crude, and ship a value added, manufactured good. The US refineries have spare capacity because the economy sucks.we sell about 20,000 bbl per day (moslty to Canadian refineries in E Canada vs, 10,000,000 per day of imports...)..and Latin America is booming. We still import crude oil by necessity. we are not exporting crude oil. Raw materials (crude) in; finished product, fuel and lubricants,out. Perfect. I suspect that reserve capacity will dissipate once we have a new administration and domestic demand increases. You don't read very closely metrognome... see, Bush has been out of office for three years.. we got this guy named Obama...and we have been swapping satellite intelligence with Iraq since the Iranian revolution and Jimmy Carter. Continued by RR, and GHWB... we have been giving direct military assistance to Iraq since 1981 when RR removed iraq from the terrorist state list when the Iran//Iraq had turned in favor of Iran... the old... the enemy of my enemy is my friend. Didn't work out well did it? So.. we are going to do it again... only on a much bigger scale? Arming up the entire middle east who at this point is pretty much exhausted... Iran's air force is a hodge podge of old F-4's Frendch Mirage, Iraq's AF was destroyed.. and now we up the ante..We sell the Saudi's 175 plus.. new and upgraded F-15 with deep strike capability... our Air Force has/had less than 200..and we are selling em to Isreal, UAE, Kuwait,... ??? Man sure doesn't learn from history does he? Let's hear the howls as loud as the Bush/Haliburton howls .. the left and mainstream press peed all over itself with those allegations.. eh?

Posted 4 months ago #
JanS
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Happy New Year, Kootch !~

Posted 4 months ago #
JoB
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Kootch ..
mellow out.
This is no way to pace yourself .
it's going to be a long year

Posted 4 months ago #