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2007-10-13 Home Front Economy

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Posted by Steve White 2007-10-13 00:00|| || Front Page|| [1 views ] Top
File under: Global Jihad

#1 PEAKOIL/OILDRUM.com > AT current trends/rates, Saudi Arabia will prob stop exporting oil circa 2028 due to significant drops in gross local production yields, i.e. SA running low on cheap? oil"???

Posted by JosephMendiola 2007-10-13 00:47|| 2007-10-13 00:47|| Front Page Top

#2 Iff the MOON explodes come 2029 or 2030 [as per COMET APOPHIS, etal. = COLOR OF MONEY flick], AT THAT POINT IN TIME I DOUBT THE WORLD WILL CARE ABOUT ANY AND ALL SO-CALLED "OIL CATACLYSMS".

Posted by JosephMendiola 2007-10-13 00:51|| 2007-10-13 00:51|| Front Page Top

#3 Trust me: oil levels are higher than last year. However, hoarding in face of the Iran crisis, keeps much stock off the availability list. Producer tanks are full, and the Nigerians, Mexicans and Canadians are fighting over sales to the US.

Real shortages would come only if Persian Gulf supplies are cut off. If Iranians forsee even a week without oil revenues - in face of minimal foreign currency reserves - they will turn on the government. That is why attacks should focus on the religious control center of Qom, and the nuke sites. It will get real nasty if missiles are launched from mobile missile launchers. Any attack on a Carrier group will be treated as an attack on American soil. However, I believe that the professionals in the Iranian armed forces will move against the Ayatollahs.

Posted by McZoid 2007-10-13 02:57|| 2007-10-13 02:57|| Front Page Top

#4 Oil is hitting record highs but gasoline is not.

We're still fighting in Iraq and Afghanistan and the world's economy is still doing well. Would it be right to assume that our gas spikes are mostly industry/supply driven?

Posted by danking70 2007-10-13 10:08|| 2007-10-13 10:08|| Front Page Top

#5 The real fundamental is that the refineries are short oil to process. Since the refinery capacity has been 'capped' for decades, the world market is sorta secondary to the ability to process. Any refinery wanting? Not that I can tell.

Posted by Procopius2k 2007-10-13 10:15|| 2007-10-13 10:15|| Front Page Top

#6 This is a low demand period for gas. The kids are in school. It's not cold yet and noto too warm. The supply of petroleum products is not usually so much constrained by crude supply as by refining capacity. We need more and newer refineries.

Posted by Nimble Spemble 2007-10-13 10:34|| 2007-10-13 10:34|| Front Page Top

#7 However, I believe that the professionals in the Iranian armed forces will move against the Ayatollahs

At least, that's the plan...

Posted by badanov 2007-10-13 11:22|| http://www.freefirezone.org]">[http://www.freefirezone.org] 2007-10-13 11:22|| Front Page Top

#8 Supply prices are based on availability, not stock. When buyers hoard, they don't take immediate delivery; oil stays in the tanks until it is needed by its new owner. Anyone who has worked in the auto production industry would be familiar with the practise of accepting parts JIT ("Just in Time"). Although Ford or GM own the parts, they make the suppliers hold same until the day that they are needed for assembly. Ten years ago, I would have attacked Big Oil for inflating prices by hoarding. No longer. It is our duty to devise laws that allow subsidized over production. That is done to some extent, but Big Oil needs a reason to store product when demand isn't there.

Posted by McZoid 2007-10-13 15:57|| 2007-10-13 15:57|| Front Page Top

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