Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (255966)	6/27/2008 11:00:22 PM
From: Bearcatbob	Respond to of 793851

We need to also consider the balance of payments issue that results from high volumes of imports. This leads to a weak dollar and higher prices. There is no single silver bullet solution. There are many things together that will help. Balance of payments needs to be discussed equally with all the other aspects of the problem. Bob

To: Nadine Carroll who wrote (255966)	6/28/2008 12:49:28 AM
From: LindyBill	Read Replies (2) \| Respond to of 793851

We asked, can we make the price of oil CHEAPER? Our Left exposed their real evil on this question when they started talking about banning the import of Canadian Oil from the oil sands. I say "evil" because they are demonstrating that they really do want to cut down on all sources of energy we can use. All of the "Green" crap about it is just window dressing.

To: Nadine Carroll who wrote (255966)	6/28/2008 9:28:10 AM
From: Sedohr Nod	Read Replies (1) \| Respond to of 793851

If the US brought 4 or 5 million barrels per day online (heck, if it even announced its intention to do so ASAp), don't you think that would affect world markets? No no no....it would take 30 years to have an affect on oil prices...haven't you heard? Image trying to sell a drilling investment to some dummy by promising a return in 3 decades. The question for me is will the left still act so stupid if they get what they want in November?

To: Nadine Carroll who wrote (255966)	6/28/2008 5:21:09 PM
From: Triffin	Read Replies (3) \| Respond to of 793851

Answer: of course we can. Oil is expensive because the global market is tight: supply is outpacing demand. If the US brought 4 or 5 million barrels per day online (heck, if it even announced its intention to do so ASAp), don't you think that would affect world markets? It would be a significant percentage bump to global world supply! Nadine .. the prices are where they are because there is no readily exploitable additional supply !!! You saw the impact to prices from the KSA announcement that they would raise production by 200,000 bpd didn't you ?? We've got to bring online an additional 3-4 million barrels per day per year just to offset depletion from existing fields .. Extraction rates are a geologically limiting factor .. We've been on a production plateau since 2005 at about 85 million barrels per day .. Want lower prices ??? REDUCE DEMAND .. or get the FEDs to open the SPR .. It's not coming from additional supply ...... Triff ..