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MSNBC: oil prices here to stay

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MSNBC: oil prices here to stay

Unread postby frankthetank » Thu 12 Jun 2008, 20:17:04

One of the top stories right now.

$this->bbcode_second_pass_quote('', '
')While consumers and governments struggle with steep oil prices, one of the biggest questions looming over the global economy is this: Will costs ever come down? Unlike the energy crisis of the 1970s, when the world assumed the spike was temporary, high energy prices could be here to stay, according to oil experts.


Some of the media is really getting behind the whole supply/demand thing. Good to see...finally.

$this->bbcode_second_pass_quote('', '"')The power of the market is far more powerful than the government," said Platts Global Director of Oil John Kingston. "Most people are convinced that this is not going to go away."


Damn right it is. Speculators my ass.

$this->bbcode_second_pass_quote('', 'T')he International Energy Agency predicts global demand for petroleum products such as gasoline, diesel and heating oil will grow by 0.9 percent, or 800,000 barrels a day, in 2008. That's down from the 1.2 percent, or 1 million barrels, the IEA forecast earlier this year.

But demand in developing countries, particularly China, continues to accelerate, according to the Paris-based energy watchdog.

"Whatever cuts are made today by the major players of 30 years ago are all going to be eaten up by nations that weren't even on the radar screen then," said Global Insight analyst Mary Novak. "There is no more supply. There is only demand."


Grandma's cookie jar is near empty, and grandmas dead. No more cookies fatty.

$this->bbcode_second_pass_quote('', 'D')eveloping nations have subsidized fuel to ensure peace and to support economic growth. But those policies have begun to falter.

Malaysia and India, groaning under the weight of high fuel prices, have just begun cutting subsidies. Analysts such as Michael Lynch of Strategic Energy & Economic Research in Winchester, Mass., said others will follow


Got to ensure that peace, you wouldn't want chaos or mass rioting or looting...say if the grocery store runs a little empty or the gas station is a little low on unleaded.

$this->bbcode_second_pass_quote('', 'O')PEC has been reluctant to increase production, arguing that prices are being set by speculators, not oil availability.

That view is supported by Paul Stevens, a researcher on the energy, environment and development program at Chatham House, a London think tank for international affairs. He said prices could "come down very quickly or very significantly" by as much as $50 a barrel.

But there is a divide among industry analysts and policy makers, some of whom said only one thing has driven oil prices throughout history: demand.


Speculation is just the flavor of the week.

http://www.msnbc.msn.com/id/25127525/
lawns should be outlawed.
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Re: MSNBC: oil prices here to stay

Unread postby Sellis1012 » Thu 12 Jun 2008, 20:39:43

I want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.
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Re: MSNBC: oil prices here to stay

Unread postby vision-master » Thu 12 Jun 2008, 20:50:54

$this->bbcode_second_pass_quote('Sellis1012', 'I') want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.


No not stupid, we have just failed to follow the instructions for living given to us by ancient wisdom. Now we will pay the price. See, that's the problem, if "we" ignore living in harmony with nature, well nature always wins in the end. We have lost the understanding of the cycles and have decided we can live as we wish. Kind of like worshiping the golden cow. Get it?
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Re: MSNBC: oil prices here to stay

Unread postby Sellis1012 » Thu 12 Jun 2008, 21:11:39

$this->bbcode_second_pass_quote('vision-master', '')$this->bbcode_second_pass_quote('Sellis1012', 'I') want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.


No not stupid, we have just failed to follow the instructions for living given to us by ancient wisdom. Now we will pay the price. See, that's the problem, if "we" ignore living in harmony with nature, well nature always wins in the end. We have lost the understanding of the cycles and have decided we can live as we wish. Kind of like worshiping the golden cow. Get it?


I get it.
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Re: MSNBC: oil prices here to stay

Unread postby americandream » Thu 12 Jun 2008, 22:05:42

$this->bbcode_second_pass_quote('Sellis1012', 'I') want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.


Presumably you will also be volunteering to be culled seeing as you admitted your culpability as well.
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Re: MSNBC: oil prices here to stay

Unread postby grampybone » Fri 13 Jun 2008, 05:41:42

$this->bbcode_second_pass_quote('Sellis1012', 'I') want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.



Well said. And I might add we are also arrogant as a species, especially Americans.
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Re: MSNBC: oil prices here to stay

Unread postby wisconsin_cur » Fri 13 Jun 2008, 06:20:57

$this->bbcode_second_pass_quote('grampybone', '')$this->bbcode_second_pass_quote('Sellis1012', 'I') want to ask why this is happening, why this was not even on the national radar a month ago, why the government didn't do anything, why so many people turned a blind eye, including me, for so long. But the answer is simple. The answer is the same as why we build cities below sea level, why we build houses on flood plains, why we build skyscrapers near fault lines, why one in four New Yorkers have an STD, and why we built an entire civilization completely and utterly reliant on one form of energy. Are you ready? Can you handle the truth? Here it is. Get ready for it. Yes, you probably already guessed.

We, as a collective race, are STUPID!!!!!!
Time to thin the herd.



Well said. And I might add we are also arrogant as a species, especially Americans.


Since Americans are comprised of pretty much every other racial and national group on the planet that statement makes no sense whatsoever.

Now perhaps those who happen to reside within the borders of a superpower tend to or are particularly arrogant but that has nothing to do with Americans anymore than the French and British at an earlier stage of the oil age or any other super power from China to the Soviet Union to the freaking Aztecs.

But if it makes you feel better about yourself and your own oil dependence and arrogance to look down on the Americans sure, why not? We all need something to bolster our self-esteem with.
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