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Topic:
U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Darth_Guy
Registered:
Aug '02
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Date Posted:
8/5 3:33pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
- Date Edited:
8/5 3:36pm (1 edits total)
Edited By:
Darth_Guy
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It's simple, really. Even if we started drilling today demand is too great and supply is too little for it to make a significant dent... and there are too many people interested in keeping oil prices high (maybe not as high as they are now because big buyers like airlines are suffering, but "affordable" prices won't happen). And oil prices are set worldwide anyway, not domestically.
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GrandAdmiralJello
Title:
Emperor
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• JCC
Registered:
Nov '00
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Date Posted:
8/5 3:38pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Even, if one nation uses less oil from other places it means that other nations can get at that oil instead. And oil prices are mostly a confidence game anyhow, like most commodities. It's not based on what the price of oil really is, but what people think it should be.
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Darth_Guy
Registered:
Aug '02
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Date Posted:
8/5 3:42pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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And those people are going to think prices should go down significantly? I wouldn't hold my breath.
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GrandAdmiralJello
Title:
Emperor
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Registered:
Nov '00
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Date Posted:
8/5 3:45pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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No, but they'll hedge their bets against what people's perceptions of the prices are. If the prices go down and they stand still then they just lose out. It's not about making profits from high prices, but playing the markets. These people know full well that they can make gobs of money either way, and that's why prices are going down now--because they stand to make more money selling.
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SPQR
Vates Ιυλιαδις
Moribus antiquis res stat Romana virisque - Ennius
Tu regere imperio populos,Romanæ,memento;hæ tibi erunt artes;
pascisque imponere morem,parcere subjectis et debellare superbos - Virgil
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Darth_Guy
Registered:
Aug '02
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Date Posted:
8/5 3:47pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
- Date Edited:
8/5 3:48pm (1 edits total)
Edited By:
Darth_Guy
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Ah, the "people are idiots" game. Bless the free market. 
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dp4m
Registered:
Nov '01
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Date Posted:
8/5 5:21pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Darth_Guy posted:
It's simple, really. Even if we started drilling today demand is too great and supply is too little for it to make a significant dent... and there are too many people interested in keeping oil prices high (maybe not as high as they are now because big buyers like airlines are suffering, but "affordable" prices won't happen). And oil prices are set worldwide anyway, not domestically.
This is where the Strategic Reserves come into play; there's a sales method which can be used to artificially reduce oil to approx. $80 / barrel and require OPEC to come down in price as well due to market demand -- once that's done, future sales can be done and puts get in place until the offshore drilling is up to speed.
It's not 10 years.
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Darth_wanderguard
Registered:
Apr '05
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Date Posted:
8/5 5:33pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Don't argue with dp4m about money or economics. He's Jewish. You'll lose.
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Suzuki_Akira
Registered:
May '03
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Date Posted:
8/5 6:01pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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dp4m posted:
This is where the Strategic Reserves come into play; there's a sales method which can be used to artificially reduce oil to approx. $80 / barrel and require OPEC to come down in price as well due to market demand -- once that's done, future sales can be done and puts get in place until the offshore drilling is up to speed.
It's not 10 years.
What sales method(an actual, non-snarky question)?
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DarthBreezy
Title: Retired Mos Everett Cantina Founder & JMPR
Registered:
Jun '02
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Date Posted:
8/5 6:43pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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And Paris Hilton Strikes back
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DarthLassic007
Registered:
Nov '02
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Date Posted:
8/5 6:47pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Darth_Guy posted:
Anyone who thinks offshore drilling will help reduce oil and gasoline prices is an-- is fooling himself.
Well it should have be lifted 8 to 12 years ago.
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MaidenLumpe
Registered:
Jul '08
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Date Posted:
8/5 7:23pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Was that really Paris in the video? I don't know her well enough to tell.
If so, she just won points with me.
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Jabba-wocky
Registered:
May '03
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Date Posted:
8/5 8:00pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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MaidenLumpe posted:
Was that really Paris in the video? I don't know her well enough to tell.
If so, she just won points with me.
Ben Smith of Politico just confirmed that it's authentic.
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All Hail His Excellency, Barack Obama
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DarthTunick
Title: Host: The JCC Weekly Poll
Registered:
Nov '00
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Date Posted:
8/5 9:10pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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McCain's constant whoring out of the idea of off-shore drilling is beginning to really annoy the hell out of me. Whose he trying to fool?
2008: The 50th season of L.A. Dodger baseball 
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Stackpole_The_Hobbit
Title: FF Events Coordinator & Web Overlord Evansville
Registered:
Jul '02
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Date Posted:
8/5 10:56pm
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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...
America.
You are aware that's whose president he's trying to be, right? 
Ergo, that's who he has to fool/lie to.
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Jabba-wocky
Registered:
May '03
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Date Posted:
8/6 5:15am
Subject:
RE: U.S. Presidential Election 2008- the General. Vote: Tuesday, Nov. 4
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Suzuki_Akira posted:
[quote=dp4m]
This is where the Strategic Reserves come into play; there's a sales method which can be used to artificially reduce oil to approx. $80 / barrel and require OPEC to come down in price as well due to market demand -- once that's done, future sales can be done and puts get in place until the offshore drilling is up to speed.
It's not 10 years.
I'd have to say, at first pass, that this sounds like Nixon's "secret plan" for winning the war in Vietnam. Assuming this is legitimate, though, why would we do this? Shouldn't the strategic reserves be used, well, strategically rather than to be a stopgap that artificially lowers the price of oil one time, in a way that probably can't be repeated later on, when prices will be even higher and the problem more acute?
-----signature-----
ays Darius the king: 8 of my family (there were) who were formerly kings; I am the ninth (9); long aforetime we are kings.
All Hail His Excellency, Barack Obama
Roma vincit
Tearing Up a Lane (TERRIN UP A LAAAANE!!!)
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