Crude oil hits $100 a barrell

[○∙◄☻¥tπ[╪AV┼cVê└]

http://www.freecharts.com/Commodities.aspx?page=quote&sym=CLG08

[MODU]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Seriously though, it was bound to happen.  International demand has skyrocketted, infrastructure that cannot keep up with demand, and with unrest in key oil nations, $20 a barrel just isn't possible, no matter how much OPEC plays with the output.  Fortunately, this pushes shale oil into the profitable pre-production stages, so domestic producers should be ready to invest (barring any more screw-ups by Congress), as well as further development of hydrogen.

Speaking of which, have you seen Honda's new commercial advertising their new Hydrogen-powered car?  Not too sure how much of a market demand they are projecting, or if they are going to package the car with their Home-gen system for those who live outside of the current infrastructure (3 spots in California, DC, and NYC).

[I spent the winter writing songs about getting better]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

[Хahar 🤔]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

Actually, I'm glad.

[Verily]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Because a relatively small amount of oil that would fulfill about 10% of national consumption for only a single year if it could all be pumped out at once would really make a big difference.

[Ban my account ffs!]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Because a relatively small amount of oil that would fulfill about 10% of national consumption for only a single year if it could all be pumped out at once would really make a big difference.

That's not the point.  We should be seeking oil anywhere and everywhere we can regardless of its environmental consequences.

MODU:  The measure was voted down with Republicans controlling the entire government.  I think it's fair to say that the American people realize that the Arctic is fragile and already experiencing enough problems to have us up there poking holes in the ground for a few drops of oil.

[JSojourner]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

If that.

[Storebought]

Crude hits 100 a barrel, all because of one money-losing trade by a publicity-seeking trader: BBC

And as far as oil drilling in Alaska goes, I'd buy shares of LUKOIL if they'd promise to "slant-drill" into North Slope from their side of the Arctic.

[Robespierre's Jaw]

With Crude Oil hitting a record $100 US dollars a barrell, our petrol prices are expected to rise an extra 8 cents to $1.50 AU. Petrol prices in Melbourne are about $1.42 today. As that goes up so does the cost of living, yet another thing the Rudd Government promised to do something about.  Not to mention he said he'd do something to combat the cost of rising petrol prices, it won't happen and he knows it. That's politicians for you.

[© tweed]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

it should be saved for wartime anyway.  I don't much care about the animals but to use ANWR in peacetime is insanity.

[I spent the winter writing songs about getting better]

So apparently this didn't really happen. All that did happen was one guy bought a bunch of barrels at $100 just to say he did, then immediately sold them at $99.40 later.

[David S]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

Actually, I'm glad.

Fuhrer this is an off-topic question  I've been wondering about for a while. The two guys in your signature were big-time socialists in the 20's and 30's. But you're wearing the Democratic avatar. Are you  a Democrat or a socialist or do you see them as the same thing?

[tik 🪀✨]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

Actually, I'm glad.

Fuhrer this is an off-topic question  I've been wondering about for a while. The two guys in your signature were big-time socialists in the 20's and 30's. But you're wearing the Democratic avatar. Are you  a Democrat or a socialist or do you see them as the same thing?

you have liberty of using private messages

[Gabu]

Fuhrer this is an off-topic question  I've been wondering about for a while. The two guys in your signature were big-time socialists in the 20's and 30's. But you're wearing the Democratic avatar. Are you  a Democrat or a socialist or do you see them as the same thing?

You're not allowed to respect someone who isn't a member of your political party?

[tik 🪀✨]

Fuhrer this is an off-topic question  I've been wondering about for a while. The two guys in your signature were big-time socialists in the 20's and 30's. But you're wearing the Democratic avatar. Are you  a Democrat or a socialist or do you see them as the same thing?

You're not allowed to respect someone who isn't a member of your political party?

Silly question! If they disagree with you they are not worthy of your respect. This is especially true if you don't know what label with which to marginalize them.

[Хahar 🤔]

To clear this up:

I admire Debs and Thomas, though there were quite a few things I disagree with them on. I would likely have voted for Debs (probably not for Thomas, since the Socialists were meaningless by his time).

However, the Socialists are meaningless now, having fragmented so many times (and socialism hasn't been popular in the US since the Russian Revolution). I think that the Kucinich wing of the Democratic Party is as close as it gets to the pragmatic socialism I support, as opposed to the dogmatic socialism of Communism, which I dislike.

[Jake]

Could you place the images side by side with a quote above and below? Signatures that stretch an entire screen length have always been a pet peeve of mine and you post quite a bit.

[MODU]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

Think McFly, think!  You aren't shutting down all other production and relying off of a single production well.  Nice attempt at spin though.

it should be saved for wartime anyway.  I don't much care about the animals but to use ANWR in peacetime is insanity.

It takes a few years to setup the equipment and drill, so that wouldn't be a practical solution.  What would be is to use that oil for the strategic reserve (which is the purpose in case of war/embargo) and stop having the nation buying oil from the oil companies that buying oil from overseas (aka big mark-up).  It should have already been hooked up and running by now, but Congress has wasted opportunity after opportunity for the past two decades over this without looking into the future.

[Ban my account ffs!]

Yup, sure glad that we put the migrating habits of animals in a small remote portion of Alaska over the needs of our citizens.  Way to go, Congress!

Oh yeah we could really solve this crisis by a supply of oil that'll last 9 months.

Think McFly, think!  You aren't shutting down all other production and relying off of a single production well.  Nice attempt at spin though.

it should be saved for wartime anyway.  I don't much care about the animals but to use ANWR in peacetime is insanity.

It takes a few years to setup the equipment and drill, so that wouldn't be a practical solution.  What would be is to use that oil for the strategic reserve (which is the purpose in case of war/embargo) and stop having the nation buying oil from the oil companies that buying oil from overseas (aka big mark-up).  It should have already been hooked up and running by now, but Congress has wasted opportunity after opportunity for the past two decades over this without looking into the future.

Please,MODU, don't give the old "congress two decades.. dragging feet" spiel.

If we were serious about getting off of foreign oil and strategic reserves, we would have set that oil aside and gone out looking to conserve oil as well as develop opportunities that would last us longer than several months.

Instead we spent the better part of 20 years allowing vehicles to get needlessly bigger, so that our oil consumption has risen significantly despite the technology to be much much more efficient.

What has happened to American innovation?  We have become a nation of corporations that are so set on a method of profit that they will kick and scream and go to no ends in order to keep things exactly that way, when they could be leading in innovation so they can still be on the scene when the next big thing comes.

Don't tear your room apart looking for a dime, MODU.  That's all.

[MODU]

If we were serious about getting off of foreign oil and strategic reserves, we would have set that oil aside and gone out looking to conserve oil as well as develop opportunities that would last us longer than several months.

Instead we spent the better part of 20 years allowing vehicles to get needlessly bigger, so that our oil consumption has risen significantly despite the technology to be much much more efficient.

What has happened to American innovation?  We have become a nation of corporations that are so set on a method of profit that they will kick and scream and go to no ends in order to keep things exactly that way, when they could be leading in innovation so they can still be on the scene when the next big thing comes.

I don't disagree.  However, there's no reason for not maximizing our current domestic potential while innovating for the future at the same time.  We have so many untapped wells for oil and natural gas in our nation that we can significantly reduce our foreign dependence and keep our money/resources within our country while continuing to develop hydrogen, nuclear, coal, biomass, and wind energy, and it is ludicrious that Congress continues to drag its feet on authorizing access.  This is one of the reasons why I'm such an advocate for a modern day Manhattan Project.  Bush was close with his hydrogen initiative, but failed to bring all the scientists together and give them a 3-5 year deadline to get it up and running.  Nothing is going to get done until some serious deadlines are in place for innovation, and we will continue to be subject to the will of other nations in the meantime since we won't tap our own natural resources as needed.