How Honest are the Oil Barons?

Discussion in 'Current Events' started by rayboyusmc, Jun 19, 2008.

  1. rayboyusmc
    Offline

    rayboyusmc Senior Member

    Joined:
    Jan 2, 2008
    Messages:
    4,015
    Thanks Received:
    338
    Trophy Points:
    48
    Location:
    Florida
    Ratings:
    +338
    http://www.nytimes.com/2008/06/19/opinion/19thu1.html?_r=1&oref=slogin

    There is anothe article that I can't find right now that shows that the major US Oil companies are getting ready to fnalize deals with no bid contracts for Iraqi oil. Now when that happens, our troops will be there forever to protect them.

    It really was about oil and not democracy, WMDs, Mushroom Peyotes, etc.

    Let's Nationalize the oil companies.
     
  2. doeton
    Offline

    doeton Senior Member

    Joined:
    Mar 27, 2008
    Messages:
    1,213
    Thanks Received:
    65
    Trophy Points:
    48
    Ratings:
    +65
    commie.
     
  3. Shogun
    Offline

    Shogun Free: Mudholes Stomped

    Joined:
    Jan 8, 2007
    Messages:
    30,495
    Thanks Received:
    2,224
    Trophy Points:
    1,043
    Ratings:
    +2,260

    Deals with Iraq are set to bring oil giants back

    Deals with Iraq are set to bring oil giants back - International Herald Tribune
     
  4. rayboyusmc
    Offline

    rayboyusmc Senior Member

    Joined:
    Jan 2, 2008
    Messages:
    4,015
    Thanks Received:
    338
    Trophy Points:
    48
    Location:
    Florida
    Ratings:
    +338
    I wonder if any of this will make it on the 7:00 PM news in the good old Us of A?
     
  5. doeton
    Offline

    doeton Senior Member

    Joined:
    Mar 27, 2008
    Messages:
    1,213
    Thanks Received:
    65
    Trophy Points:
    48
    Ratings:
    +65
    heard on BBC this afternoon that China plans to reduce the subsidy it provides to keep its gasoline cheap for its citizens.

    report said last year the subsidy last year was 1 percent of china's gdp

    if they had tried to maintain it it would have cost like 6-7 gdp

    report also said demand for oil is expected to drop (duh) and this is expected to cause a drop in oil prices.

    really don't hear a lot about the effect of these subsidies on gas prices
     
  6. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,720
    Thanks Received:
    11,048
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,048
    Oil dropped $4 on this news today.

    China had to. Their refiners are getting crushed because they have to buy oil on the world markets. Plus, subsidies are becoming a bigger part of the Chinese budget.
     
  7. BaronVonBigmeat
    Offline

    BaronVonBigmeat Senior Member

    Joined:
    Sep 20, 2005
    Messages:
    1,185
    Thanks Received:
    160
    Trophy Points:
    48
    Ratings:
    +160
    Let's not.

    If oil company/government collusion is a problem (and I'm sure it probably is), then how is giving government control going to solve anything? Imperialism is a government problem, not an economic problem. All types of government have engaged in it--democracies, republics, monarchies, dictatorships, socialist regimes, theocracies, etc.
     
  8. Zoomie1980
    Offline

    Zoomie1980 Senior Member

    Joined:
    Jan 16, 2008
    Messages:
    1,658
    Thanks Received:
    128
    Trophy Points:
    48
    Ratings:
    +128
    Same story in India. India's oil and gasoline subsidies are now eating up 3% of gdp, expected to rise to 5%+ next year. India has begun vastly reducing them now because they cannot afford to keep it up and the result is expect that upwards HALF of Inidas cars and motorbikes will be PARKED and idle by this time next year, reducing India's oil demand by as much 20%!

    You won't hear that on NBC or CNN and you damned sure won't hear it from the large Wall St investment houses who have bet the remainder of their farm on oil the way they did on mortgages and houses....
     
  9. doeton
    Offline

    doeton Senior Member

    Joined:
    Mar 27, 2008
    Messages:
    1,213
    Thanks Received:
    65
    Trophy Points:
    48
    Ratings:
    +65
    course those Indians were smart enough to build them air cars right?
     
  10. Gunny
    Offline

    Gunny Gold Member

    Joined:
    Dec 27, 2004
    Messages:
    44,689
    Thanks Received:
    6,753
    Trophy Points:
    198
    Location:
    The Republic of Texas
    Ratings:
    +6,770

    Do you have ANY idea what nationalizing oil would do to our economy? The government manipulating oil/gasoline prices to keep tham artificially low is what caused this problem to begin with.

    If we're going to nationalize oil, how about nationalizing ALL oil assets and drilling wherever we can find it?

    And what good is nationalizing oil going to do anyway? Most of the price of gas is tax to begin with. Our government screws everything else up ... what makes you think they could get this right?

    And don't blame the GOP. You've got the Speaker of the House conducting foreign policy and Congress investigating steroid use in private business AFTER the so-called "change" Dems were supposed to bring about. They're no better than the Republicans that preceded them. But y'all suck that "change" shit right up. Remind me of a bunch of friggin' moonies.
     

Share This Page