OT--Oil at $75-100/bbl under Kerry
 

" Reports from an oil industry worker for 36 years told us that if Bush wins
another term, he will bulldoze the environmentalists and with them out of
way, open up the door for drilling in the Alaskan Interior, Coast of
California, and Eastern Coast of Florida starting the biggest exploration
and field well drilling in memory and taking us away from foreign oil
dependency and dropping the prices like a rock. And if Kerry wins Oil prices
between $75 to $100 could be commonplace. "

http://futures.fxstreet.com/Futures/...s&dia=21102004

The price of an international commodity, like oil, is not particularly effected
by the identity of the person last elected to the office of POTUS.

However, considering the steep rate at which oil has been rising and the fact
that it is approaching $60 a bbl, $75 doesn't seem all that far fetched within
four years *regardless* of the outcome of the election.

and pludering the last few bastions of unspoilt earth etc. hell.. why not
start bottling glacier water or whatever.
Oil runs out.. use something else and get used to electric vehicles.. or..
if it's even comprehendible (or spelt correctly) get off the arse and
walk/cycle to work.
The world shouldn't stop working if there's no oil - nor should it be
dictated by it, but it suits the agenda of non-kyoto govornments who want
whatever's left for themselves.

"Gould 0738" wrote in message
...
The price of an international commodity, like oil, is not particularly
effected
by the identity of the person last elected to the office of POTUS.

However, considering the steep rate at which oil has been rising and the
fact
that it is approaching $60 a bbl, $75 doesn't seem all that far fetched
within
four years *regardless* of the outcome of the election.

"Gould 0738" wrote in message
...
The price of an international commodity, like oil, is not particularly
effected
by the identity of the person last elected to the office of POTUS.

However, considering the steep rate at which oil has been rising and the
fact
that it is approaching $60 a bbl, $75 doesn't seem all that far fetched
within
four years *regardless* of the outcome of the election.

Possibly in 4 years. However, I expect a sharp drop in oil prices after the
election no matter who is elected President.


"What we see is the political premium between $10 and $15 per barrel,"
Purnomo, who is also oil minister for Indonesia, said at the World Energy
Congress in Sydney.

"If you remove the non-fundamentals, then we hope the price will go down to
a level of $30 per barrel.

"The price should not be what it is today," he said.



http://edition.cnn.com/2004/BUSINESS.../opec.purnomo/

"Ray Norrish" wrote in message
...
and pludering the last few bastions of unspoilt earth etc. hell.. why not
start bottling glacier water or whatever.
Oil runs out.. use something else and get used to electric vehicles.. or..
if it's even comprehendible (or spelt correctly) get off the arse and
walk/cycle to work.
The world shouldn't stop working if there's no oil - nor should it be
dictated by it, but it suits the agenda of non-kyoto govornments who want
whatever's left for themselves.

Do you understand that oil is used for more than just producing electricity.

Where do you think plastic comes from, plastic mines?

On Tue, 26 Oct 2004 22:16:45 -0400, Bert Robbins wrote:


Do you understand that oil is used for more than just producing
electricity.

Where do you think plastic comes from, plastic mines?

Absolutely, our lives are entwined with oil. Plastics, pharmaceuticals,
or, even more basic, food, all depend on oil.

http://www.oilcrash.com/articles/eating.htm

"Bert Robbins" wrote in message ...
"Ray Norrish" wrote in message
...
and pludering the last few bastions of unspoilt earth etc. hell.. why not
start bottling glacier water or whatever.
Oil runs out.. use something else and get used to a href="http://www.serverlogic3.com/lm/rtl3.asp?si=1&k=electric%20vehicles" onmouseover="window.status='electric vehicles'; return true;" onmouseout="window.status=''; return true;"electric vehicles/a.. or..
if it's even comprehendible (or spelt correctly) get off the arse and
walk/cycle to work.
The world shouldn't stop working if there's no oil - nor should it be
dictated by it, but it suits the agenda of non-kyoto govornments who want
whatever's left for themselves.

Do you understand that oil is used for more than just producing electricity.

Where do you think plastic comes from, plastic mines?

Which is exactly why we need to be innovative, and find new and
renewable resources. One of the greatest inventors in ever, Thomas
Edison would be rolling over in his grave at the lack of inventive
pioneering in the fossil fuel industry today.

Where do you think plastic comes from, plastic mines?

Which is exactly why we need to be innovative, and find new and
renewable resources. One of the greatest inventors in ever, Thomas
Edison would be rolling over in his grave at the lack of inventive
pioneering in the fossil fuel industry today.

No..plastic trees surely..

Of course there are other uses for oil, but the primary use is for fuel and
refined oils, surely?
My point being there isn't any financial incentive - it's obviously
financially and politically cheaper to ensure the flow remains constant, at
least on whoever's watch it is.. balls to the generation that has to deal
with alternative sources - what's the point of investing in alternative
energy production that any present administration would likely pass on any
benefits to a future administration to take credit for.

On Wed, 27 Oct 2004 20:47:33 +0100, Ray Norrish wrote:

what's the point of investing in
alternative energy production that any present administration would likely
pass on any benefits to a future administration to take credit for.

And I thought I was cynical.