• Got the Contributing Memberships stuff finally worked out and made up a thread as a sort of "How-To" to help people figure out how to participate. So if you need help figuring it out, here's the thread you need to take a look at -> http://www.corvetteflorida.com/forums/showthread.php?t=3581 Thank you, everyone! Rich Z.

Mubarak out!.....Oil $$$ UP?

C6Flatfoot

C6Flatfoot

New member
Mubarak out!

This probably won't bode well for the price of stuff our vettes (and the rest of the world) run on. :nonod:

Radical Islamists in control :reddevil:, Suez Canal control in question :thumbsdown:, War on Isreal :mad: (which will demand the USA's help)

We're in an interesting and dangerous time.

Stay tuned! :shrug01:

Thoughts?
 
Oil will go up in price no matter what happens. It's not so much that such incidents CAUSE price increases as the oil companies see such events as EXCUSES to raise the prices.
 
I doubt it as we get more oil from Canada oil sands than any other country. So I don't think this amounts to much. I have been watching Apache for any signs of production disruptions as they are the biggest driller in that particular country. Their closest rig is about 400 miles in the desert. That is like riots in Atlanta and everyone continuing with buisiness as normal in Tampa. I think there is more real oil demand due to emerging markets from China, India, Brazil than anything else. The fear is not oil production, but control of the Suez Canal. If the canal was shut down, the tanker transports would have to go around the southern tip of Africa adding to transprotation costs more than supply disruptions.

My mentor used to teach me about investing whenever a geopolitical event like this takes place. Always ask what does that event have to do with sales of compay X?? Absolutly Nothing! I don't worry about that unless the fundaments change.
 
C6Flatfoot said:
Mubarak out!

This probably won't bode well for the price of stuff our vettes (and the rest of the world) run on. :nonod:

Radical Islamists in control :reddevil:, Suez Canal control in question :thumbsdown:, War on Isreal :mad: (which will demand the USA's help)

We're in an interesting and dangerous time.

Stay tuned! :shrug01:

Thoughts?
Click to expand...

Hey Flatfoot, it's good to see you jumping in here full speed ahead. :thumbsup:

I don't think any of this has a real affect on the price of oil. The price is so over inflated anyway and they'll use whatever excuse is handy to raise the price. Do you know our United States government favors high prices? Our officials want to reduce our dependence on oil and rather speed up the technology they prefer higher prices to reduce consumption. Same ol story, stick it to the tax payer.

We've got plenty of oil right here but our elected officials have all but choked it to death. Don't get me wrong, I think we need to find new alternative resources but what's going on now is BS. Take for instance the disaster in the gulf. They are now using that as a reason to restrict drilling. As you may know, that's happened many times in the past and what was done to make it safer? Apparently not enough cause it keeps happening. Obumas immediate response was to shut them down. Who pays, we do!

Have you spent anytime in DC? If not go up there and you'll scores of limos sitting all day with the engines running. Who pays, we do! I could go on and on but you asked for opinions and I think you understand mine.

As for Mubarak I quit watching the news a few months ago and I either watch the Golf Channel or the DIY channel. I guess I'm at the point where I just don't give a dam-.
 
You know, I hear people lamenting the fact that the Suez Canal might get cut off. So I looked at a map, and am thinking, so what? It wouldn't land lock anyone, and would likely hurt Egypt more than anyone else. Yeah, it takes longer to go around the Cape of Good Hope, but it is NOT going to shut down anything. Prices will go up under any pretext. At least until there is a serious effort introduced to find alternative sources of energy, and then the oil economy gets all skittish and drops prices to reduce the incentive to make them obsolete.

I don't know if you guys have ever read anything about abiotic oil, but it certainly makes for interesting reading....

http://www.questionsquestions.net/docs04/peakoil1.html

Even as a kid, the mainstream explanation of the creation of biotic based oil didn't make any sense to me. Considering the power we have seen exerted by BP over the Gulf problem, it takes very little imagination to entertain the thought that perhaps the entire oil industry is feeding us a line about this "limited" resource bit in order to justify their enormous profits.

Seriously, when things die, that happens to them? Are they reconstituted back into the environment via microbial action and other organisms that eat that dead and decaying matter, or does that dead matter remain intact to get covered over by sediment (that apparently magically appears nearly everywhere) which causes it to pool all of the dead matter together into underground ENORMOUS pools? Look at the depth that Deepwater Horizon drilling. A mile underground which was at depths where enormous pressures were present. How did that dead and decaying matter overcome those pressures to SINK down to that level in the first place? And even only considering that one well, how much dead matter would have been necessary to produce just the amounts of crude oil coming out of that one well?
 
Rich Z said:
Oil will go up in price no matter what happens. It's not so much that such incidents CAUSE price increases as the oil companies see such events as EXCUSES to raise the prices.
Click to expand...


:iagree:

Any time some environmental nazi, or arab head of state is faced with revolution, or muslim cleric threatens jihad, or threats made to oil fields and/or terminals, or a virgin can't be had by a suicide bomber, or one drop of oil illegally drops from a spicket or a deck of an oil tanker, or we bomb a diaper factory...the EXCUSE to raise the price of oil jumps up off scale to new highs. :mad:

One other thing...the speculators on Wall Street...should be the first to 'go' once the Apocalypse is upon us. Move them right up to the front of the firing line!! ;)
 
I personally am so sick and tired of oil and the constant up and down withit's price. This is the time of year when demand is down therefore consumption is down so prices should be down. Just wait until summer driving season arrives and see where the price of gas is headed.
Time to nuke the entire middle east and take it all over. The world has gone to hell in a hand basket while the US tries to be "Polictially Correct". You can't be "Polictially Correct" with these people.
Richard
:ack2:
 
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