The Politics of Oil

LadyEagle · Jul 24, 2006

Interesting read:

http://www.digitalhistory.uh.edu/historyonline/oil.cfm

KenH · Jul 24, 2006

"the search for new sources of oil will be transformed into a quest for entirely new sources of energy"

Eventually, yes. When we find a source of energy that stores energy better than gasoline and more cheaply. Which I doubt will happen during the working years of anyone over forty years old today.

And the government won't be the entity that discovers it or develops it.

blackbird · Jul 25, 2006

KenH said:

"the search for new sources of oil will be transformed into a quest for entirely new sources of energy"

Eventually, yes. When we find a source of energy that stores energy better than gasoline and more cheaply.
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Meanwhile---"Big Oil" is continueing to get filthy rich!! I have a few shares of ExxonMobil----stock price per share has gone up $30 in a year!!

KenH · Jul 25, 2006

Good for you, blackbird. Congrats!

I imagine a lot of pension funds, IRA's, and 401(k)'s have benefitted as well.

Unfortunately, the oil company that I work for has not participated in these greatly increased earnings year over year due to the repairs to our refinery that was badly flooded by Hurrican Katrina and just came back on line a couple of months ago. Not only have we had the repair bills but it has also meant that we've been missing out on the high refining margins on about 3,000,000 barrels per month since the end of last August. Therefore, our stock has been basically flat for the past year.

blackbird · Jul 26, 2006

KenH---my "cut" of the boom is on this side of the decimal $.---------- and not on this side $----------.00

KenH · Jul 26, 2006

By the way, blackbird, through yesterday the ExxonMobil share price during the past year has only risen 13.56%.

blackbird · Jul 26, 2006

KenH said:

By the way, blackbird, through yesterday the ExxonMobil share price during the past year has only risen 13.56%.
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Goodness gracious---is that all??? A measley 13.56%????

I ain't no good at math figures nohow!! And I still say that my wife does all of the spending around the house anyhow!!!

blackbird · Jul 27, 2006

See if what I said ain't so, Ken!!

B---as in Billion

Man, thats a lot of money!!!

www.usatoday.com/money/companies/earnings/2006-07-27-exxon_x.htm

Bro. Talmadge · Jul 27, 2006

Here is some really good reading on oil.

http://www.lifeaftertheoilcrash.net/

This makes alot of sense to me.raying:

KenH · Jul 27, 2006

Fortunately, Talmadge, the gloom-and-doomsters are wrong.

El_Guero · Jul 29, 2006

I am starting a church - share that wealth!

- tho' I 'xpect you you are already doing so.

blackbird said:

Meanwhile---"Big Oil" is continueing to get filthy rich!! I have a few shares of ExxonMobil----stock price per share has gone up $30 in a year!!
Click to expand...

LadyEagle · Jul 29, 2006

Rev. 19:[11] And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness he doth judge and make war.
[12] His eyes were as a flame of fire, and on his head were many crowns; and he had a name written, that no man knew, but he himself.
[13] And he was clothed with a vesture dipped in blood: and his name is called The Word of God.
[14] And the armies which were in heaven followed him upon white horses, clothed in fine linen, white and clean.
[15] And out of his mouth goeth a sharp sword, that with it he should smite the nations: and he shall rule them with a rod of iron: and he treadeth the winepress of the fierceness and wrath of Almighty God.
[16] And he hath on his vesture and on his thigh a name written, KING OF KINGS, AND LORD OF LORDS.
[17] And I saw an angel standing in the sun; and he cried with a loud voice, saying to all the fowls that fly in the midst of heaven, Come and gather yourselves together unto the supper of the great God;
[18] That ye may eat the flesh of kings, and the flesh of captains, and the flesh of mighty men, and the flesh of horses, and of them that sit on them, and the flesh of all men, both free and bond, both small and great.
[19] And I saw the beast, and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse, and against his army.
[20] And the beast was taken, and with him the false prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone.
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Okay, here's a thought. Actually, my son thought of it. If oil reserves are depleted, people will be riding horses again, armies will be riding horses again. My son's theory is that if the oil reserves in the Middle East are depleted, the countries like Saudi Arabia will be poverty striken; the masses will rise up and overthrow the sheikdoms (rulers) & the rich and converge upon Israel for the BOA literally riding horses. It's a thought.

KenH · Jul 29, 2006

We will not reach peak oil for at least several decades, maybe not even until at least the next century.

The peak oil doom-and-gloomsters are wrong.

blackbird · Jul 31, 2006

LadyEagle said:

Okay, here's a thought. Actually, my son thought of it. If oil reserves are depleted, people will be riding horses again, armies will be riding horses again. My son's theory is that if the oil reserves in the Middle East are depleted, the countries like Saudi Arabia will be poverty striken; the masses will rise up and overthrow the sheikdoms (rulers) & the rich and converge upon Israel for the BOA literally riding horses. It's a thought.
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I always wondered what folks did BEFORE gasoline powered vehicles, etc. made the scene!!

Of course, they rode horses---or walked---or canoed in a canoe with a paddle. Or rode the coal burning train!!!

Of course, in order to revert back to complete "Horse" power---there will have to be certain changes made. Concrete and asphalt road systems(including the Federal Interstate system) will have to be torn up and hauled off---unless Horses are "shoed" they cannot------ummmmm---will not-- careen--zoom---gallop on either source of pavement---and then even if they're "shod"---the metal shoes can only go so far on an interstate system that is paved with concrete 12 inches thick

And this is what I ain't figured out yet----where OH where are they gonna house that many horses----personally---I won't mind reverting back to a total "Horse" powered system a bit!!!!

El_Guero · Jul 31, 2006

LE

Ask him how many troops it would take to support a 2,000,000 man army. Ask him how that can be done logistically. And then ask him what would he do with all of his horses bio-degradable matter . . .

LadyEagle · Jul 31, 2006

:laugh: :laugh:

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