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Posted: **Sun 20 Jun 2004, 03:10:41**

Pops wrote:Unless Old Man McCoy gets bumped off by one of the crazy youngun’s that oil will flow.

During the embargo the McCoys learned a lesson, when price rises dramatically, demand drops dramatically. They are just as hooked on the ol’ bubblin’ crude as the rest of the mountain and don’t want to upset the cart.

Yep. The oil will flow because:

1. Those that have it need the money

2. Those that want it know it's cheaper to just buy it than to go invading everyone.

(What would an invasion of Iran do to the market right now? Losing Iranian production would being the whole house of cards crashing down, SPR or not).

3. In the end people who have a scarce resource have to make it available for sale.

If Uranium were oil, Australia would be Iran, Iraq and Saudi combined. Just how long would we be able to sit on a third of the world's uranium and say "It is not our policy to extract it"?

Posted: **Sat 16 Oct 2004, 20:21:20**

Ender: do not worry. Uranium will be close to the next oil. Just a matter of time before we liquefy coal and the like...not to make energy, but materials (remember the coal chemistry of old?) and use the nuclear power to generate the energy to do it all. Hang in there pal, you are soaking in it, just do not believe it yet....and you guys have coal as well. Hmmm, I think I am going to move to Australia.

Posted: **Sun 17 Oct 2004, 03:58:19**

WaterBearer wrote:Or maybe someone drew a smiley face on her burqa?

Posted: **Mon 18 Oct 2004, 20:16:11**

smiley wrote:Oh and about the gun part.

China has one gun, but its a really big one. It's called US-debt.

http://mondediplo.com/2003/10/09debt

If China sells their stake in US treasuries it would be like igniting an atomic bomb under the US-financial system. It would simply collapse in a matter of hours.

For that reason alone the US cannot afford itself to offend China by messing with their Mid-East affairs.

It would be like an atomic bomb in that both sides would be destroyed. China would collapse without the incoming capital from the U.S.

1.2 billion people (going on 1.3 billion) to feed and farmland in China is shrinking
at a huge rate due to the growth of cities, desertification, and soil
erosion. China is losing 540,000 hectares of farmland per year.

Posted: **Wed 20 Oct 2004, 02:12:09**

Leaf wrote:With the US policy of the Mid East most of those nations don't like the USA
Leaf

It's not just the MidEast, the policy of the US (and UK and others) in oil-rich countries around the world has been (and still is) to install some king or dictator and give him protection and a slice of the profits in as long as they open up the country to exploitation. World's biggest protection racket.

Decades ago these regimes found they could appeal to nationalist sentiment and increase their power by nationalizing the international oil companies and setting up their own state oil companies. The US,UK,etc. didn't like this but as long as the oil kept flowing they let it happen.

The problem today is that the state oil companies don't have the capital or technology to squeeze out the remaining oil and the governments and population are not keen to invite the international companies back in, which would essentially mean selling the oilfields to foreigners.

Leaf wrote:.They knew in 1971 the USA peaked and look what they did then.

They don't have to do anything after peak, except not be in any hurry to sell out their resources.

Posted: **Thu 21 Oct 2004, 00:48:44**

Quoting myself:

Keith_McClary wrote:It's not just the MidEast, the policy of the US (and UK and others) in oil-rich countries around the world has been (and still is) to install some king or dictator and give him protection and a slice of the profits in as long as they open up the country to exploitation. World's biggest protection racket.

Just today Transparency International
http://www.transparency.org/
published their annual Corruption Perceptions Index

Reuters:
http://www.reuters.co.uk/newsPackageArt ... ction=news

The post-war reconstruction of Iraq could be ruined by rampant corruption, an international survey says.

The survey, an annual list of countries held to be the most corrupt in their business dealings, said the future of Iraq depended on transparency in the oil sector.

"Without strict anti-bribery measures, the reconstruction of Iraq will be wrecked by a wasteful diversion of resources to corrupt elites," said Peter Eigen, chairman of the Transparency International watchdog which produced the survey.

Transparency in procurement contracts was essential, he added.

The survey calculated that at least $400 billion (221 billion pounds) is lost to corruption every year around the globe with oil-producing nations among the worst offenders. Bribery is rampant in 60 countries, it said.

The Berlin-based group, funded by grants from development agencies and foundations around the world, is made up of lawyers, economists, businessmen and academics.

It found the most corrupt countries were Bangladesh, Haiti, Nigeria, Chad, Myanmar, Azerbaijan and Paraguay.

Singled out for particular scorn were oil producers Angola, Azerbaijan, Chad, Ecuador, Indonesia, Iran, Iraq, Kazakhstan, Libya, Nigeria, Russia, Sudan, Venezuela and Yemen.

"In these countries, public contracting in the oil sector is plagued by revenues vanishing into the pockets of western oil executives, middlemen and local officials," Eigen said.

He called on western governments to oblige their oil companies to publish what they pay in fees, royalties and other payments to host countries and state oil companies.

He said the payment of kickbacks to secure oil tenders has blighted the oil industry in transition and post-war economies.

The people of these countries see the corrupt elites getting rich while they get no benefit. Is it any mystery why they hate you?

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2008 OVER 50% Crude, will come from People who HATE the USA

Re: 2008 OVER 50% Crude, will come from People who HATE the

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