Saudi Arabia: 'We've seen the pain' and we don't care
- Thread starter The Tradition
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We have been asking you to post something real the whole time. Please link to the US energy plan you support. And if that plan involves the US government you're a collectivist too.
It's not "collectivist" to suggest that the U.S. and other non-OPEC nations relax regulation on private industry so they can better compete against the OPEC cartel. That's the opposite of collectivism.
Sweet, now you admit the free market is evil and collectivism is a force for good. I'm declaring internet victory here.
Nope, when you allow the oil company to pollute, we all collectively now have to deal with the problem. Removing regulations is the worst sort of collectivism. The people get all the risk and none of the reward. It's the sort of collectivism cons always love.
They increase....we decrease. Ok...good. So that's what we're doing now. Ummm...it isn't supporting the price of oil, ya know.
PADD 2 is handling tar sands oil NOW. I suppose they must have the capability, no?
Just declare victory. Everyone can see Tradition got his ass handed to him.
I'm still trying to figure out what "victory" means...
I posted a story in which the Saudis said, "we're keeping oil prices low to drive competitors out of business" and somehow I'm wrong about that?
I posted a story in which the Saudis said, "we're keeping oil prices low to drive competitors out of business" and somehow I'm wrong about that?
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That is how capitalism works. America's response has always been to allow the oil folks leeway and cushion the down-side via the tax code. You should have been an independent pharmacist back in the late 60's and early 70's when Nixon "froze" the retail prices on RX drugs...My dad damn near went out of business as he was selling RX for less than he could buy them. Nixon is the reason the the small independent Drug Store went out of business and gave rise to the corporate drug stores like Walgreens, Osco, CVS and the like.
That really sucks. Sorry about your dad.
I'm being sincere. Not snarky.
Price controls are a bad thing.
As he told m,e often..."Life doesn't have to be fair." The Saudi's a practicing business. Again....Life is not fair.
I edited some extra content that you might have missed.
There should not be price controls, which is why I hate OPEC.
But how do you feel about Nixon? He's the last "price control" POTUS we have lived with.
And again...if the US oil folks could do this, they would. Its the nature of capitalists. Don't blame the Saudi's....most of them learned their economics in the US.
*groan*
I really don't understand what the hell your problem is. It's like you've made it your mission today to argue about whatever I have to say in this thread. Most of what I've said is basic "supply and demand" stuff and yet you somehow figure out a way to challenge that.
The conversation I would like to have is how do non-OPEC countries challenge the market manipulation of the cartel? I don't understand why this is such a divisive topic.
You dont....not without government intervention. You cannot have it both ways. It just isn't possible.
No, that was Goldwater, whose principles Reagan resurrected after the Nixon meltdown.
Nixon did NOT represent GOP principles of small government and regulatory restraint. He created the EPA, he took us off the gold standard, he started the war on drugs, he had enemies lists, he ordered burglary... Nixon is a stain on the GOP.
You bet he did...His "southern strategy" and his anti-media bias have been hallmarks of the GOP since 1968. It works. Nixon appealled to peoples most base instincts and won 2 elections...Politicians are not fools..they look for and they follow "winning" strategies.
Private western companies could absolutely collude against OPEC except for ****OOOPS****.... that's illegal in western countries.
So, I guess we're all just Saudi Arabia's bitches.
No...NO...No......Goldwater lost in a landslide...Nixon won a close one....The "conservative" ideals you speak of are rooted in racism.
You should read what you just wrote, let this sink in for a little bit, then you should feel bad.
Good grief. The candidate of racism was George Wallace, a democrat, gunned down during the 1972 election primaries. That was the year Nixon was elected in case you're too young to remember that.
THe candidate of OBVIOUS racism might have been George Wallace...The candidate of racism as a strategy was Richard M. Nixon. His model ,of election has stood the test of time for the GOP. Reagan added evangelicals to the mix.
We've already told you how to challenge the manipulation of the market. Drill, baby, drill isn't it. The House of Saud and its minions control the oil market. We can't possibly change that any time soon. What we can change is our NEED for their product. Why do you not understand that our power lies in the demand?
THAT is obviously a long-term solution. I am all for the development of "clean energy" if it makes economic sense.
Your idea that we can reduce demand enough and quickly enough to deflect OPEC price manipulation in the short term is a total fantasy.
It'll never make "economic sense" to you because that requires govt support. Just like coal and oil required govt support.
You might be surprised at what America can accomplish when there's a unified vision. You should have more faith.
As was reported last July, nearly 50,000 U.S. energy jobs have been lost in the past three months on top of 100,000 employees laid off since oil prices started to fall. Initial rounds of layoffs were blue-collar jobs such as roughnecks, fracking crews. More recently, engineers and scientists are being let go, which is an indication the oil patch doesn’t think there will be a recovery in petroleum prices for at least two years.
I live in Alberta, Canada, where 35,000 industry jobs have disappeared provincewide.
The oil business cannot turn on a dime. And Saudi Arabia is sitting on more than $1 trillion tucked in its war chest. Once it decides to shut down some of its spigots, thereby sending crude prices back to the $100 barrel range, its high-cost competitors will take years to ramp up old and abandoned projects.
This is exactly what happened in 1985. I know because I was at an emergency OPEC meeting in Geneva, Switzerland, when Saudi Arabia executed this same policy to shut down high-cost oil producers by flooding world markets with oil. The benchmark price of crude fell to $10 per barrel. The North American oil industry didn’t recover for than more a decade.
And so it goes again, but this time Saudi has an important ally: the president of the United States.
http://personalliberty.com/the-real-reason-obama-nixed-the-keystone-pipeline/
I live in Alberta, Canada, where 35,000 industry jobs have disappeared provincewide.
The oil business cannot turn on a dime. And Saudi Arabia is sitting on more than $1 trillion tucked in its war chest. Once it decides to shut down some of its spigots, thereby sending crude prices back to the $100 barrel range, its high-cost competitors will take years to ramp up old and abandoned projects.
This is exactly what happened in 1985. I know because I was at an emergency OPEC meeting in Geneva, Switzerland, when Saudi Arabia executed this same policy to shut down high-cost oil producers by flooding world markets with oil. The benchmark price of crude fell to $10 per barrel. The North American oil industry didn’t recover for than more a decade.
And so it goes again, but this time Saudi has an important ally: the president of the United States.
http://personalliberty.com/the-real-reason-obama-nixed-the-keystone-pipeline/
That might very possibly be the dumbest thing you've posted yet. That article was mind-bendingly stupid. Again...you should stop.
The oil business, as previously mentioned is a "boom-bust" business. Always has been and that is never going to change.
I remember reading about the "good times" of oil in west Texas back in the 70's. The writer was talking about how the Highway Patrol told him how common it was to find some "wildcatter" passed out drunk along the side of a west Texas highway, in his Mercedes and having THOUSANDS of dollars cash in his blue jeans.
I remember reading about the "good times" of oil in west Texas back in the 70's. The writer was talking about how the Highway Patrol told him how common it was to find some "wildcatter" passed out drunk along the side of a west Texas highway, in his Mercedes and having THOUSANDS of dollars cash in his blue jeans.
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