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2008-12-20 International-UN-NGOs

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Posted by Fred 2008-12-20 00:00|| || Front Page|| [4 views ] Top

#1 It is time for you, Ishmael, to learn how to build a bicycle.

Posted by newc">newc 2008-12-20 01:03|| 2008-12-20 01:03|| Front Page Top

#2 Then there are the hardliners like Iran and Venezuela that want sharply higher prices to support their social programs. Crude prices are well below the $100 per barrel and $86 per barrel Venezuela and Iran need to pay their bills, according to Washington consultant PFC Energy

Heheheheheheheheheheh

Posted by Boss Sleans2792 2008-12-20 02:21|| 2008-12-20 02:21|| Front Page Top

#3 Off Iran's Kharg Island oil terminal are seven supertankers laden with Iranian crude. Iran is storing oil on board in hopes

Yusef, hand me the target folders please.

Posted by Besoeker 2008-12-20 08:18|| 2008-12-20 08:18|| Front Page Top

#4 That sounds like a great little target for the Mossad

Posted by Hellfish 2008-12-20 09:01|| 2008-12-20 09:01|| Front Page Top

#5 Why help them by taking oil off the market. Leave those tankers alone.

The Saudis know how to get the attention of the cheaters.... and it ain't by cutting production.

Posted by .5MT 2008-12-20 13:46|| www.cybernations.net]">[www.cybernations.net] 2008-12-20 13:46|| Front Page Top

#6 when the US economy has a cold, the world economy has the flu.... a.k.a. sow the wind, reap a whirlwind; re: chickens coming home to roost.

Posted by Scooter McGruder 2008-12-20 14:19|| 2008-12-20 14:19|| Front Page Top

#7 This has a ripple effect too as Venezuela will have to cut assistance to Nicaragua, Bolivia, and Cuba and rich Saudis will reduce support to various terrorist groups.

Posted by Odysseus 2008-12-20 14:45|| 2008-12-20 14:45|| Front Page Top

#8 Actually, during the high prices there WERE a lot of tankers being used to store oil, just apparently not by Iran. It was getting hard to get a tanker to use to transport oil because so many were being rented as floating storage tanks. The Saudis ramped up production when prices spiked to try to bring prices down but there were no takers for the oil. Having nowhere to put the oil, they were forced to reduce production.

Oil storage in Oklahoma where the oil traded on the commodity exchanges is stored is nearly full. There is about one or two week's storage supply left at the current fill rate and it is done. I have no idea where they are going to start putting the oil.

Part of the problem is that this month's contract was less than next months contract so people are taking delivery on this month's oil in order to write contracts at next month's price ... a guaranteed money maker at the moment. So as they take delivery and store it in Oklahoma, the storage facility fills up.

Right now would be an excellent time to expand the strategic reserve but only in sips. Or maybe since demand is down we should build up a strategic reserve of refined products like jet fuel and diesel that can be used by the military in a time of crisis without drawing off of other domestic supplies. Convert an old military base to a storage depot for diesel and jet fuel.

Posted by crosspatch 2008-12-20 17:55|| 2008-12-20 17:55|| Front Page Top

#9 CP - I agree this time - smart to stockpile refined & special use, especially mil fuel

Posted by Frank G">Frank G 2008-12-20 18:42|| 2008-12-20 18:42|| Front Page Top

#10 "Iran and Venezuela that want sharply higher prices to support their social programs. Crude prices are well below the $100 per barrel and $86 per barrel Venezuela and Iran need to pay their bills"

Awwwwwww, ain't that just too bad. My heart just aches for them.

No, wait - it's just the chili....

Posted by Barbara Skolaut">Barbara Skolaut 2008-12-20 21:05|| http://ariellestjohndesigns.com/]">[http://ariellestjohndesigns.com/] 2008-12-20 21:05|| Front Page Top

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