Forum Replies Created
Please excuse me for my outragous statement in the post on
Venezuela. We get more than pennies on the barrel for our oil.
Actually, according to this report, we are getting about 12 % on the
profits for oil taken from the Gulf of Mexico. This is less than what
you pay to the government on the profit you claim, for selling your
time to your employer at a loss. I love this concept, don’t you ?
The oil companies would have you believe that the taxpayers
get more than adaquate compensation due to the high taxes
they pay on their more than healthy profits, however, many
corporations pay a much lower percentage rate than you do.
The investors pay a much lower rate on thier profits too.
Taxes can be some funny stuff : proftt, loss, liability, assest,
on shore, off shore, national charter, international charter …
and last but not least … The World Trade Organization Treaty.
On a profit ( after costs ) of $ 100 on the sale of a barrel of oil,
you, the taxpayers as a whole, the rightful owners, receive
about $ 12 off of your tax burdern. A tax burden that is much
higher, due to the continuous wars that we wage to protect,
not Americans nor our freedoms, but the freedom of corporations
to take whatever they want, where ever they find it, for as
little as possible, without regard for anything but their profits.
Note to ALL :
I am not interested in continuing this thread as a solo act.
U.S. June crude oil exports highest since 1957 – Rueters
Although a decades-old U.S. law generally bars exports of domestically produced
crude, shipments to Canada are broadly allowed, as are re-exports of foreign oil.
But a growing excess of particularly light crude is prompting companies to find
ways around the ban, including by lightly processing a super-light form of oil
known as condensate in order to get around restrictions on raw crude. The first
such cargo sailed from Texas bound for east Asia in late July.
Have you ever wondered why the United States of America hates Venezuela ?
We do you know. We hate Venezuela. Not just the leaders, as you’ve
been told, but the people as well. Even our great Christian leader and
Republican Presidential Candidate, Pat Robertson called for the blood of
their popular and democratically elected President, Hugo Chávez.
You can find video proof of this, using his name and “take him out”.
Isn’t killing an elected President a hate crime against the people ?
The most disturbing thing about Chávez, to me, was that my random
interviews of Americans, revealed that most hated him, even though
they could not provide a valid reason for their feelings.
Almost everyone interviewed, thought he was a dictator. After being
educated to the fact that he was not a dictator, they responded with,
“He’s a Socialist”, although, when pressed to give examples and explain,
they did not know why they wanted to see him killed. Even worse, most
did not seem capable of changing their minds, in spite of this.
Venezuela to close border with Colombia at night to fight smuggling
By Agence France-Presse
Sunday, August 10, 2014 4:45 EDT
Venezuela, which has the largest proven oil reserves in the world, also
sells gas for some of the cheapest prices — allowing consumers to fill
the tank of a car for the equivalent of a candy bar or bottle of water.
Perhaps it has something to do with their insistance that Venezuelan
oil belongs, not to the oil companies but, to the native people and
that as the rightful owners, they demand to be properly paid for it.
We give our oil to the oil companies for pennies on the barrel and
Venezuela, must be forced to do the same. Thus, it seems likely
that we will take additional action against them in the near future.
The article linked a couple of posts down indicates that the oil
compaines pay a royality of about 12% on the profits from oil
removed from the Gulf of Mexico.
Yes, even more serious than removing their democratically
elected President and installiing our own puppet President.
That didn’t work out very well for us in Venezuela and as
we all should know, it hasn’t worked well in other places.
edit – 1 : See introductory text in gray.
edit -2a : Corrected the mispelling of Chávez.
edit -2b : Corrected “pennies on the barrel’.
When beggars die, there are no comets seen;
The heavens themselves blaze forth the death of princes.
– from Julius Caesar, by William Shakespeare
Under current conditions, when France is experiencing economic, financial and
budgetary difficulties, it’s at least suicidal to harm our exports to Russia, which
are important and necessary for the creation of jobs in France and for our trade
balance. The government and the EU are acting as fools. – Jacques Myard
Yes, I see it. Is it a star ?
No, it has a long tail.
Is it a comet ?
No, there are too many. Look over there.
Is it a meteor shower ?
No, they are going in all directions.
Then what is it Daddy ?
The answer to our prayers.
I hope that all of you get to see the Perseids on the 11th and 12th of August.
According to the news article published in today’s Telegraph :
Vladimir Putin has agreed a $20bn (£11.8bn) trade deal with Iran that will see
Russia sidestep Western sanctions on its energy sector. Under the terms of a
five-year accord, Russia will help Iran organise oil sales as well as “cooperate
in the oil-gas industry, construction of power plants, grids, supply of machinery,
consumer goods and agriculture products”, according to a statement by the
Energy Ministry in Moscow.
Do you see what I see ? – Noël Regney, 1962
Let them drink oil !
Aug 5 (Reuters) – Oil prices tumbled on Tuesday, with Brent crude falling to a
nine-month low as ample supplies in Europe and North America outweighed
fears that violence in the Middle East and North Africa could disrupt production.
Worries about prolonged geopolitical tensions in key producing regions had
prompted a short rebound, but in the absence of supply disruptions, the
market resumed its downward trend on Tuesday as traders and investors
grew more nervous about seasonal weak demand and poor refinery
margins in a market that appears to be abundantly supplied.
“We continue to see material risk to supply from Libya, Iraq and Russia, but the
market over the past six weeks has become increasingly complacent regarding
supplies,” said Tim Evans, an energy futures specialist at Citigroup in New York.
I’m still standing by my prediction but in order for oil prices to top $ 120 a
barrel before 2015, we need a very dramatic disruption of the oil supply.
Perhaps those in charge will decide to eliminate Iranian production entirely.
Whatever happens, I don’t foresee lower gasoline prices in your futrures.
Unlike last year, when the large urban areas with the worst drought
were either in Colorado, Texas or New Mexico, this year they are all
in California. Further, while last year exceptional drought covered no
more than 72% of any of the urban areas with the worst drought,
this year exceptional drought covers at least 75% of all the urban
areas on our list. – Thomas C. Frohlich, July 30, 2014
Water drying, babes dying,
Steal the fish along their shore,
Stop wailing, banks are failing,
This is what they have in store.
Copyright – Rommel
Edit – 1 : Corrected the thrid line of the poem.
The original structure was 7 syllables per line.
SHAZAM !!! That was quick.
Oil Rebounds From Six-Month Low as U.S. Equities Advance By Moming Zhou – August 04, 2014
For those that couldn’t find the statement most likely to be false :
- ; ^ )
I’ll give you one more hint … but this will be the last one.
Wall Street Frets That You’re Getting Paid Too Much By Peter Coy – August 01, 2014
Try to find the statement most likely to be false :
( A ) – Global Crude Oil Price Plummets Due to Oversupply
( B ) – Major Oil Storage Tanks Are Attacked In Tripoli
( C ) – Crude Oil Prices Can Be Expected to Rebound
( 1 ) – Employers Expected to Give Employee Raises.
For Those That Still Need A Hint, I’ll Give You Three More :
- ; ^ )
( 1 ) The Pope has asked employers to pay more fairly.
( 2 ) Three of these statements are recent headlines.
( 3 ) Headlines are not always true.
- Copyright – August 3, 2014
In the end we will remember not the words of our enemies,
but the silence of our friends. – Martin Luther King, Junior
Hi All :
The price of oil can be expected to top $ 120.00 a barrel before 2015.
That’s not a headline, it’s my prediction based on observed events.
When ( I didn’t say if for a reason ) the U.S.A. crude oil export limits
are removed, we will begin in earnest to take as much of the Russian
market as we can supply by using EU sanctions against Russian oil.
That means, as one oil baron recently told the U.S.A. Senate :
“We need to pump as much as we can as quickly as we can.”
– Semi-quote from the owner of the majority of the shale claims.
It seems, from the two contradictory headlines in yesterday’s post,
that the general public of the U.S.A. does not have the ability to
recognize the truth, unless they are directly impacted by it. Even
then many of us seem oblivious to the repeated impacts.
Headlines like that, seem to jump out at me and scream BOOO !
There was a scientific ( oh my ) study released a few days ago that
indicated that those raised in religious households were less likely to
discern fact from fiction than those not reared in religious households.
Hopefully this was an inexpensive study as common sense tells us
that those that are programmed from an early age, not to ask the
hard questions and to believe things without proof, aren’t likely, as
adults, to question those that they consider to be their superiors.
If there are any readers here with a distaste for distasteful truth,
please do not watch the linked video. It is not Alice Cooper’s song.
With Elevated Blood Pressure, I Remain … Sincerely Yours,
P.S. – Harold G. Hamm is the person alluded to above, as an oil baron.
Although puzzling, his name and the company name had slipped my mind.
According to today’s issue of Forbes, his net worth is $ 19.6 BILLION.
To put his net worth into perspective :
He is making a fortune selling your children’s oil reserves.
If he spent $ 2 MILLION per day, for the next 25 years, he
would still leave a very sizable inheritence to his heirs.
Your heirs ? As always, and rightly so, that’s up to you.
Funny stuff … isn’t it ?
Hi Again …
Hmmn … Perhaps you are right but I’m not looking for a mate and thus,
could care less what anyone thinks about the car I drive, my appearance
or much of anything else. Thus, I tend to believe that much of the drive to
appear superior has it’s roots in the desire to obtain and keep a mate.
It is the basic human nature directly taken from apes to look / feel better
from peers. Even a feather from bird will make difference. So nothing to
worry about winsconsin calander. But if you look other way i / we r better
than you attitude has made so much evolution and discoveries possible.
Eternal quest for remaining different / best is also important.
Looking the other way, I see that it is not those that attempt to look
superior that make the great discoveries, but those that are superior.
The intentional stiffling of intelect is one of the worlds greatest sins.
I’ll leave you with these two headines from todays news :
American Consumer Confidence Hits New High
One Third of Americans Are In Debt Collection
Funny stuff indeed …
Take Good Care,
Edit – 1a : Added Bold and Color Emphasis to the Headlines.
Edit – 1b : Reformatted the Quote from zombie.
Hi Zombie :
The problem I foresee with moving to electric transportation in the near
future is that much of the electricity generated in the U.S.A. is made by
burning fossil fuels.
Some type of war will contineu till we depend upon fossil energy. Few
europian countries has taken pledge for not using fossil energy for
transport after 2020. USA should also make some sort of pledge. then
USA will use chinese solar panels . Off course it will be another cause
of war. 🙂
There are some additional restraints as well. Such as :
the poor condition of our national grid and our current
inability to produce enough peak power for everyone.
Smart meters will solve the peak demand issues.
Sorry for the power interuption but it’s your day.
From an ecological perpective, burning diesel fuel,
for transportation may prove to be less harmful to
the environment than increased electrical production.
Not gasoline or gasahol, but stinky old diesel fuel.
Properly combusted, diesel is a clean burning fuel.
Funny stuff I know but I’ll let the readers confirm the
efficiencies and polutants from both and come to
their own conclusions on the morality of forcing a
nation wide switch to electric cars.
Until solar panels are more efficient and provide an
expected lifespan of 40 years, it seems unlikely that
many American homeowners will invest in the panels.
Currently, in the U.S.A. the expected payback period is
equal to the twenty year expected lifespan of the panels.
An off-grid home system, that pays for itself in 10 years
but lasts for 40 years seems to be the proper incentive.
; ^ )
Next message …
P.S. – I’m not sure about the quality of your diesel
fuel but here, we are burning ultra low sulpher.
Sulpher emissions and acid rain cause problems.
There ain’t nowhere to hide on the front line. – Crobot
According to this report from WTRG Economics :
Wednesday, July 23, 2014: NYMEX West Texas Intermediate Crude Oil
Price for September delivery closed up $0.73 at $103.12 per barrel.
I suspect that today, the price is higher still.
Welcome Back Zombie !
That was a good joke.
This just in from the Wall Street Journal :
Global oil prices rose to a two-week high on Friday as investors
prepared for more market-roiling headlines from Ukraine and the
Middle East over the weekend.
Brent crude for September delivery rose $1.32, or 1.2%, at $108.39 a
barrel, the highest closing price since July 10 on the ICE Futures Europe
exchange. It was the largest one-day gain for the global benchmark
since June 12.
Light, sweet crude on the New York Mercantile Exchange
ended almost flat, up 2 cents to $102.09 a barrel.
WTI fell hard on Thursday but closed slightly
higher today at $ 102.09. Oh happy joy !