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About This Page: This is a discussion on Politics within the LetsGoKings.com forums, at Los Angeles Kings Hockey Fan Forum. by Maxine Waters a couple of weeks ago and was kind of surprised it didnt cause any uproar or debate. Figured most people probably figure Waters to be a bit
by Maxine Waters a couple of weeks ago and was kind of surprised it didnt cause any uproar or debate. Figured most people probably figure Waters to be a bit of a wack job and not take her comments seriosuly. I guess I was wrong and her comments werent so off the cuff.
House Democrats call for nationalization of refineries
What if after the Govt takeover-gas prices still rise? What if they rise to 10 bucks a gallon?
Is the govt then going to hand it back to the Oil Companies? What about Oil Company workers? Will they be made federal employees?
When 9-11 happened and Bush instituted his anti-terrorism laws in the Patriot Act; people complained and compared it Hitler and the Reichstag calling it a simple opportunistic power grab. Well cant a similar arguement be made here? The rising price of oil used an excuse to grab and nationalize an entire industry?
__________________ "The ultimate result of shielding men from the effects of folly is to fill the world with fools."
What if after the Govt takeover-gas prices still rise? What if they rise to 10 bucks a gallon?
Is the govt then going to hand it back to the Oil Companies? What about Oil Company workers? Will they be made federal employees?
When 9-11 happened and Bush instituted his anti-terrorism laws in the Patriot Act; people complained and compared it Hitler and the Reichstag calling it a simple opportunistic power grab. Well cant a similar arguement be made here? The rising price of oil used an excuse to grab and nationalize an entire industry?
This is why we are getting ****ed on oil. Demand for oil actually peaked 4 years ago.
This is why we are getting ****ed on oil. Demand for oil actually peaked 4 years ago.
But the price of our oil today is still less then what they pay per gallon in Europe and have been paying for years. Speculation plays a roll for sure-but supply and demand and the growing oil needs for China and India are the true factors IMO.
Harry Reid said that America has only 3% of the oil reserves but use 45% or some percentage thereof. Given Chinas growing thirst for Oil and the fact they contribute far then the US mean that this problem will get worse before it gets better. Same with India.
Maybe a side note but China signed a deal with Cuba to get oil from the Gulf of Mexico.
But, we're not Europe. With the exception of Russia, they don't produce the oil we can as well as inport oil.
Agreed.. But given the numbers i think we can at least make some type of mathematical equation to looks at the numbers. I sucked at algebra so forgive me if I butcher this and most likely will.
Lets say the Cost of Gas to consumer A is 2 bucks per gallon and consumer A uses 100 gallons per month while consumer b uses 50 and consumer C uses 25. Lets say consumer As lives in an area that produces 5% of the worlds oil/gas while Consumer B and C lives in areas that manufacture 0% of the worlds gas/oil. Now when Consumer B starts using 75 gallons per month and consumer C starts using 50 gallons per month-without Consumer As own country increasing oil production; overall prices are going to rise based on the fact that same amount of oil is now has great consumption. Consumer A will never pay less for oil unless Consumer B and C start consuming less or Consumer As area starts producing more oil for use in Consumer As area. Are there some variables and other factors? Certainly. But in a nutshell nothing changes the law of supply and demand.
If the govt wants to end speculation I may be fine with that...certainly a better/ safer and sander step then federal confiscation of Oil production.
__________________ "The ultimate result of shielding men from the effects of folly is to fill the world with fools."
But the price of our oil today is still less then what they pay per gallon in Europe and have been paying for years. Speculation plays a roll for sure-but supply and demand and the growing oil needs for China and India are the true factors IMO.
Harry Reid said that America has only 3% of the oil reserves but use 45% or some percentage thereof. Given Chinas growing thirst for Oil and the fact they contribute far then the US mean that this problem will get worse before it gets better. Same with India.
Maybe a side note but China signed a deal with Cuba to get oil from the Gulf of Mexico.
Chinese oil drilling equipment has begun arriving in Cuba as state-run Cubapetroleo (Cupet) and its foreign partners prepare to significantly increase drilling along the northwest coast, industry sources said this week.
And even if they arent currently drilling-they obviously have done their homework and have that option on the table. Quite frankly Im jealous that Chinas leaders have that foresight.
__________________ "The ultimate result of shielding men from the effects of folly is to fill the world with fools."
I thought the call for Nationalized Oil was an off the cuff remark.... 
FlyBoeingJets
