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05-22-2008, 03:33 PM
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XDTalk 100 Member
Join Date: Mar 2008
Posts: 116
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Oil's perfect storm may blow over
Oil's perfect storm may blow over
By Ambrose Evans Pritchard Last Updated: 3:28pm BST 22/05/2008 The perfect storm that has swept oil prices to $132 a barrel may subside over the coming months as rising crude supply from unexpected corners of the world finally comes on stream, just as the global economic downturn begins to bite. The forces behind the meteoric price rise this spring are slowly receding. Nigeria has boosted output by 200,000 barrels a day (BPD) this month, making up most of the shortfall caused by rebel attacks on pipelines in April. The Geneva consultancy PetroLogistics says Iraq has added 300,000 bpd to a total of 2.57m as security is beefed up in the northern Kirkuk region. "There is a strong rebound in supply," said the group's president Conrad Gerber. Saudi Arabia is adding 300,000 bpd to the market in response to a personal plea from President George Bush, and to placate angry Democrats on Capitol Hill - even though Riyadh insists that there are abundant supplies for sale. READ MORE
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05-22-2008, 03:57 PM
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XDTalk 2K Member
Join Date: Nov 2006
Location: Tucson, AZ
Posts: 2,568
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And just imagine what prices would be like if we got 1,000,000+ barrels per day out of ANWR. I could actually drive my truck again.
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"A big mouth don't make a big man." - John Wayne, The Cowboys GUNS KILL PEOPLE LIKE SPOONS MADE ROSIE O'DONNEL FAT!!! |
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05-22-2008, 04:15 PM
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XDTalk 2K Member
Join Date: Oct 2007
Location: Northern California
Posts: 2,302
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There are just two rules of governance in a free society: Mind your own business and keep your hands to yourself. - P.J. O'Rourke Guy Fawkes: The only person to enter parliament with honest intentions. Ruger 22/45 MKIII Springfield XD-9 Service Stevens Model 67 Series E 12g 1948 M44 Mosin-Nagant |
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05-22-2008, 05:48 PM
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XDTalk 2K Member
Join Date: Nov 2006
Location: Tucson, AZ
Posts: 2,568
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Quote:
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"A big mouth don't make a big man." - John Wayne, The Cowboys GUNS KILL PEOPLE LIKE SPOONS MADE ROSIE O'DONNEL FAT!!! |
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05-22-2008, 06:02 PM
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#5 |
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XDTalk 10K Member
Join Date: Mar 2004
Posts: 10,000
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As long as big oil and our government keep a low reserve they can keep the American people under their thumbs. What's so damn hard about this.
Yes I'm sure xdconvert will come up with another smartass remark about my post.
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http://home.houston.rr.com/gunpics/images/one%20eye.wav |
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05-22-2008, 06:21 PM
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XDTalk 10K Member
 
Join Date: Feb 2007
Location: Valley of the GUN
Posts: 12,997
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It's about control 
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Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD Investco Flags - Saved from Trash by McCain Another McCain gimmick... Etta Place That said, the flag is a symbol. It is not the United States. The United States is bigger than the flag... Etta Place |
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05-22-2008, 06:40 PM
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#7 | |
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XDTalk 10K Member
Join Date: Mar 2004
Posts: 10,000
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http://home.houston.rr.com/gunpics/images/one%20eye.wav Last edited by one-eyed-fatman : 05-22-2008 at 06:43 PM. |
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05-22-2008, 07:06 PM
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XDTalk 10K Member
Join Date: Feb 2007
Location: Valley of the GUN
Posts: 12,997
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We're so tied down by do good/feel good, no common sense, let's tie it up in court BS .... It's a wonder anything happens. Like I said in the Big Oil meets Congress thread ... Mr. Big Oil should have told Congress to stuff it and damned near requested that a lawsuit be filed. It seems like the only way to wake up the public to all the misgivings of government is to develop some form of public shame and pocketbook squeeze until people give up on the feel good causes that stifle this country. Perhaps we need to bring back the stockade for a few of these elected welfare recipients. Oh yea that suck you mentioned .... IMO, it is the sound one hears when common sense walks out the door.
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Voting for Obama is like putting a gun to your head and hoping he calls for its confiscation before you can pull the trigger - AZXD Investco Flags - Saved from Trash by McCain Another McCain gimmick... Etta Place That said, the flag is a symbol. It is not the United States. The United States is bigger than the flag... Etta Place |
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05-22-2008, 07:07 PM
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XDTalk 500 Member
 Join Date: May 2007
Location: Martinsburg, WV
Posts: 787
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XD 45ACP Compact State's Brady Rating - T-37 WEST VIRGINIA 6 |
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05-22-2008, 09:13 PM
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XDTalk 2K Member
Join Date: Nov 2006
Location: Tucson, AZ
Posts: 2,568
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Quote:
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"A big mouth don't make a big man." - John Wayne, The Cowboys GUNS KILL PEOPLE LIKE SPOONS MADE ROSIE O'DONNEL FAT!!! |
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