Posted on 05/16/2008 9:14:46 AM PDT by Bronco_Buster_FweetHyagh
RIYADH, Saudi Arabia - Saudi Arabian leaders made clear Friday they see no reason to increase oil production until their customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.
(Excerpt) Read more at news.yahoo.com ...
What the hell is wrong is George Bush? While we are at it, what the hell is wrong with Liberals, Environmental Whackos, and frankly much of mainstream America?
We have countless oil reserves off shore from the West Coast, off shore from the Gulf states, in Alaska, and throughout the continential United States. We must look like completely self-destructive, hypocritical, foolish, morons to the rest of the oil producing world.
Our working class, and over-extended middle class, are now fighting $100-$125 gasoline fill-ups. A huge chunk of the money we pay for crude oil, and petroleum products, goes right into the hands of our enemies, and so-called allies (who hate our guts and hope we and Israel die).
We waste billions, and billions, and billions of dollars fighting a war on poverty (that will never be won), a war on (some) drugs (that will never be won), a war of (some) terror (that will never be won so long as morons refuse to seal our borders) - yet we won't spend a penny to help ourselves with the oil crisis?
I grew up in the oil fields. Almost every man in my family worked in the California (and Oklahoma, and Texas) fields at some point. I worked in an oil productio supply warehouse starting at 10 years old. BEfore that, I would ride in the fields with my grandpa and dad as they drilled and produced oil.
This is what needs to be done:
1 - We need to build 3 massive refineries. One in the Gulf, Two on the West Coast. We haven't built a refinery in decades, and the ones we have are above maximum capacity.
2 - We need to lift almost all regulations and taxes on oil exploration, oil drilling, oil pumping, oil shipping, oil refining.
3 - We need to make sure that all of those oil related companies, above a certain $ level, are publicly traded and thus can be invested in by each and every american.
4 - We need to open drilling. Gloves Off. Drill offshore (each of our shores). Drill Alaska. Drill on land. And drill with international partners.
5 - We need to use the massive burst to our economy to partially invest in solar, wind, nuclear, other-atomic, and other forms of cheaper, cleaner, renewable energy, as well as technology to CHEAPLY increase fuel efficiency.
6 - we need to make Iraq pay for its own liberation by taking enough oil from them, or buying at cost, until we have been repaid each and every damn dollar we spent on the war to liberate them. And, we need to take enough more to pay the families of each and every dead soldier one million dollars.
When it has reached the point that we are begging terrorists to please pump more oil, the madness has got to stop.
Awesome post!
yes all you say is true
We also need to also hold back all military and other aid to Saudi Arabia.
Our Nation sure has stooped pretty low hasn’t it? Disgraceful, I say.
This is all for show. Bush and virtually every POS politician could care less.
Why don’t you use the actual title of the article instead of dogging the President.
Our biggest problem, supply wise, is with Mexico. They nationalized the oil production system and don’t know how to expand or maintain it. They used to be our number 1 (possibly only 2) supplier and now are down to at least number 3 or lower.
Mostly we have refining problems as you mentioned.
To prevent duplication, please do not alter the title. Thanks.
Maybe we should give them a reason. Like getting enough money together to rebuild Mecca.
First, your name calling is completely uncalled for. Second, if you’re gonna talk like a big boy, at least have the decency to support your position. How about you explain yourself? I would be interested to see how you think there’s nothing wrong with begging overseas nations for oil, while our reserves go unused and our economy tanks.
What a load. Want to buy a refinery? 220,000 barrels per day. Good market for jet fuel.
I agree with the aforementioned proposals, but lets go a step further. Based upon any relevant evidence, Saudi Arabia should be added to the list of nations that are considered to aid terrorists and their cause. This would effectively end foreign aid to them and cause them to reevaluate their position.
You are correct my friend. Our elected politicians and family, many of whom are stock holders in oil companies, love the big dividend checks, love the increased value of the stock, love the extra tax revenue (no conflict in owning stock in an industry they regulate, nah)....As well, the oil companies are very happy not to drill more, build more refineries...why not, profits keep going up...The Saudis and the rest of the oil producers laugh all the way to the bank as they live the high life....Hey, who cares if the little guy is screwed at the pump...Our elected officials and their families are happy and the oil companies and their stock holders are happy, the Saudis and their friends are happy...whats not to like?
IMHO - This will only increase our reliance on oil we do not control. Instead, I would suggest that we need to construct electrical generation plants, coal, hydro, whatever; even nuclear (though they take 10 years to build). And, we "immediately" undertake a national effort of "land a man on the moon" scale or greater, to maximize the use of the electric "plug in" vehicles (pure electric or hybrid) which are very close to being introduced.
Electrical power can come from many different sources (even "green" people can be satisfied), and, since most vehicles would be charged at night, we have adequate infrastructure to begin.
REMEMBER RIYADH!
I object to the use of the word begging and the lefties would be screaming if he didn't try to do something about gas prices. Jeez.
Why should they? It’s in their best interest to make a buck off our stupidity.
They are probably thinking about all the help we did not give them back in the 90s when the price of oil was $14 a barrel. It’s pure business, nothing more. You’ve got to look out for number one. Unfortunately, our politicians have not done that.
“What the hell is wrong is George Bush?”
He’s just responding to political pressure directed upon him by the media. It’s not so much Bush who is the blame for this fiasco as it is the media.
In fact, I would say that the media is pretty much to blame for all of the problems this nation faces.
We are a nation bent on committing economic suicide and until people wake the hell up and demand we find our own energy any way we can, it will only get worse. We simply must STOP relying on other countries for our energy security. They simply do not and never will give a damn about us. It's time we act in our own interest in this area.
Well technically I think they have *NO* spare capacity. They’re probably pumping as much as they can, and, as bad as it sounds, it’s easier and better to say ‘we won’t’ as opposed to ‘we can’t’.
That said, I agree with all the points regarding increasing domestic production.
Trends that I have noticed. Slower driving, less outdoor lighting being used at night, carpooling is in vogue.
Also, people are ticked off, well at least I am. The middle class has just been lowered a notch or two, thanks to income redistribution.
Socialism will fail in the US, but the experiment must go on for the good of the whole.
"Supply & Demand" - Shouldn't this Saudi statement drive oil prices down? I understand the effect a rising Euro has on the price, but from what I've been reading about speculators involvement, this is just a bubble waiting to POP!
Speculators: 1. ROI on oil speculation better than stocks.
2. China and India demand (But there is NO Shortage!)
The White House knew what Saudi Arabia was going to say before he went there. Maybe what Bush is trying to do is make a big media deal out of what the Saudi's have been saying all along, thus lessening speculation and lowering the price.
Pretty good job of summing things up there Bronco_Buster_FweetHyagh,
Good job
“Saudi Arabian leaders made clear Friday they see no reason to increase oil production until their customers demand it, apparently rebuffing President Bush amid soaring U.S. gasoline prices.”
I thought we ARE a customer and our president asked for it. Should he have demanded it?
I gave up on unessential driving (especially at night) because of the highway robbery trend in my community. 4 or 5 police cars will sit and wait in their speedtrap to write waves of tickets every couple of minutes. I guess the extra car is there in case they accidently get someone with outstanding warrants.
A single traffic stop can include numerous offenses (including the speeding ticket at a base rate of 1-5 miles over the limit).
I’d rather not fund more billionaire playgrounds (sport stadiums and coke/X dealing nightclubs).
We need to set a national goal of doubling our electric generating capacity, and to have 80% of our electricity be generated by nuclear. We should take a good look at the "pebble bed" reactor, which is a modular design which allows for a 2 to 3 year construction period. Due to modular design, you can add more capacity to an existing reactor site by adding more modules.
And it would have an effect on prices NOW, as the Saudis realize that, once the new reactors come online to power electric cars, they will have a greatly restricted market for their oil
Nothing short of a National Catastrophe that brings out martial law and some sort of executive order(backed up by armed forces) ala the Chertoff-border fence decision will open these areas up to exploration and drilling. They will not stop, they will not stop.
I am so sick of the excuse makers on FR with the blah blah blah refinery crap.
What does refinery output have to do with the price of crude oil per barrel?
I agree ,no oil,no defense.
What Saudi Arabia MEANT was, China and India are willing to pay this price and until they aren’t, we will continue to pump what we are pumping and get alllll this money and to hell with you America.
Only one third of our oil is used for transportation...the rest for heating, manufacturing, etc.
We shouldn’t be using oil to generate heat! All those Northeast liberals still burning heating oil should get a clue.
Here is my post from a similar thread:
Why should Saudia Arabia increase oil production? We have plenty of our own oil in Alaska, off the east and left coast, and in the Gulf of Mexico, but we lack the vision and leadership to effectively manage and use our own natural resources.
Since the first oil embargo in 1973, and despite the fact that Republicans controlled the White House for 23 years since then, including 12 years when we also controlled both houses of Congress, we still do not have an meaningful, comprehensive energy policy. Every Republican president begining with Mr. Reagan should have been hammering this issue day in and day out. He should have been using the power of the bully pulpit and the veto pen to shame and punish both Republicans and Democrats alike for failing to advance the policy. He should have been using executive orders to advance the policy. He should have been tying Federal revenue sharing, from highway and transportation funds to agricultural subsidies, to a States willingness to advance the energy policy. If the losers in France and in the other Euroweenie countries can safely convert 80% or more of their electric grid to nuclear power, than we should have able to do it also.
If you want the price of oil to go down, then show the world that we as a Country are very serious about putting an end to OPEC by doing everything that we can to become energy self-sufficent, including (a) the construction of dozens of nuclear power plants, windmills, and solar panels; (b) the aggressive exploration for oil and natural gas within our own borders and waters; (c) the construction of state of the art oil refineries in all regions of the country; (d) the education of our citizens about the importance of energy conservation; (e) the reallocation of foreign aid from subsidizing the OPEC countries to subsidizing our own domestic energy research, exploration and production; and (f) the prosecution of OPEC interests within the jursidiction of our Federal courts for anti-trust violations.
Saudia Arabia is not to blame - WE ARE!
I'm keeping an eye on developments in biofuel production.
First, the bad news about ethanol. Ethanol fires are evidently harder to control than gasoline fires.
Ethanol fires hard to control 1Hopefully, ways will be developed to make controlling ethanol fires easier.
Ethanol fires hard to control 2
On the brighter side concerning ethanol, there's now evidence that people might get as much, or more, bang per buck for their gas dollars with gas / ethanol mixtures.
Gas-competitive gas / ethanol mixturesAlso, I was surprised by the introduction of a machine (popularly known as a still) for making home-made ethanol.
EFuel100In stark contrast to the 1700 gallons of water required to make one gallon of corn-based ethanol as indicated by the OP, the EFuel100 uses only 170 gallons of water to produce 35 gallons of ethanol In other words, the EFuel100 uses less than 1% as much water as corn ethanol, under five gallons, to produce one gallon of ethanol (corrections welcome).
But watch out for fines for violating biofuel regulations.
Fines for violating biofuel regulationsAlso, progress is being made in the development of other non-corn ethanol production technologies as well.
Non-corn ethanolFinally, I've also been hearing good things about biodiesel production but need to find some links.
They are already meeting demand. The only thing they could do is over-produce and end speculation by using oil tankers as holding tanks. Do the speculators, who are responsible for most of the price increase, really need to see "anchored tankers" to understand that there is no shortage of oil for shipment.
DO YOU REALLY THINK BUSH HAD TO GO TO SAUDI ARABIA TO GET THIS ANSWER FROM SAUDI ARABIA? DO YOU THINK HE WOULD SET HIMSELF UP FOR THIS RESPONSE? IMHO-Bush knew what was going to happen before he left the White House, and the MSM and the Dems are in the process of "misunderestimating" Bush again. The scenario: The speculators finally say, "If there is plenty of supply, why would I want to be the last idiot to buy high, from someone who speculated that demand could not be met? If there is no supply problem, the price could fall at any minute!" We'll see.
Battery technology is the real key. Electric motors are already amazingly efficient and give instant torque. Regenerative breaking recharges the batteries and makes the breaks last incredibly long. Advance materials allow the cars to be lighter without sacrificing safety. Everything about extremely efficient, long-lasting electric cars has already been invented and manufactured, except for batteries that give the cars an acceptable range. I hope that Silicon Nanotube batteries take off. The government could give tax breaks and fast-track regulatory hurdles to get the factories started to building them.
Current Li-ion batteries are 600 joules per gram, while gasoline is 47,000 joules per gram. The new silicon nanowire anodes give this a 10x boost to 6,000 joules per gram, but they feed into different technologies. Internal combustion engines are about 20% efficient, while electric motors are 90% efficient. So battery technology only needs to reach 9,400 joules per gram to get the same overall power density. The new tech brings us only 36% from the capability of gasoline, with far less maintenance and much better flexibility.
For years, I marveled that pretty much every light on every floor of my office building stayed on until 11:00 p.m. or midnight, when the security guy usually came around and turned off most of the lights. Most people are gone by 7 or 8 p.m. if not sooner. About two years ago, I noticed that most of the lights started being turned off by the cleaning people between 6 and 7 p.m. I don’t know how much money or energy is actually saved, but it is better than wasting either to fully light empty floors.
Not much, but then what you pay at the pump has a lot less to do with the price the Saudis receive per barrel either. The speculators on the gasoline and oil markets drive the price even more. There is actually more oil being sold than can be refined, even with China bringing up new refineries at an incredible rate. Short supplies of refined products and the speculators drive much of the price.
“What a Great Post” BUMP!
Obviously the people of China and India don’t think that prices are too high.
At some point we are going to have to tell the EnviroNuts to sit down and STFU. Drill NOW!
Well, we might start by asking the Congresscritters why they just voted down drilling in ANWR and the coasts off the shores! Call and write the CONGRESS who just dumped the opportunity to drill in the USA AGAIN!!!! Oh, and many Repubs joined them...........
I would add one thing: When the enviro whackos take things to court, deny their filings/motions/crap based on national security.
The Saudis don’t need to raise production, we need to freakin’ DRILL IN ANWR and ease the foreign oil addiction.
But of course the Dems won’t let us....
LOL! Why should they? We buy their gas. Blackbird.
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