Well, with CTL completely replacing oil you would have an effective emissions of 160 million bpd. Eventually the coal will run out and we'll have to produce all of our liquid fuels from hydrogen and limestone/oceanic CO2.

Climate change is a done deal, and there isn't a thing we can do about it except live with it.

We'll have higher sea levels, increased storm systems, and huge expenses of readjusting agriculture around the globe. On the other hand CO2 fertilization and increased precipitation in other parts will be neat. Yeah, it sucks, but we'll live through it and a hell of a lot better than if we had an ice age.

In order to understand why OPEC is an organized crime syndicate one must know it's history.

Who started OPEC?

Henry Kissinger and AMOCO/Standard oil now called BP. Who owned Standard oil? John D. Rockefeller! And don't forget Al Gore senior who was involved running interference.


Now heres O.P.E.C. 's own words:
The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by nine other Members: Qatar (1961); Indonesia (1962); Socialist Peoples Libyan Arab Jamahiriya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973) – suspended its membership from December 1992-October 2007; Angola (2007) and Gabon (1975–1994). OPEC had its headquarters in Geneva, Switzerland, in the first five years of its existence. This was moved to Vienna, Austria, on September 1, 1965.

But the left out this was all organized by John D. Rockefeller! With his mouth piece Henry Kissinger.

Rockefeller wanted to have a monopoly on oil as the Rockefellers did in the rail industry, NO competition which means they can control prices.


That is called "Price Fixing" and is illegal. But the fools who run our government, are so heavily invested in oil they will not do a dang thing. This is like the Hillary lets have Med Care while she stands to profit from it because she has millions in drug company stocks.

The idiots think drilling for oil here will cause lower prices, IT WILL NOT! Why, the dirty SECRET is all the oil we drill here now is sold overseas! The oil companies want to take our oil and sell it to make HUGE profits and still rape us on imported oil. The only change that drilling here will be, is some day we will have NO oil here and if you think it's bad now wait...


The only way to drill oil here to to put a 100 year export cap on oil. And we need to elect out every damn one in congress and the senate first and lets elect someone who knows the constitution.

Ron Paul? The Constitution party anyone but the two parties that have destroyed this country.

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You're completely clueless.

Any country has the absolute right to sell any and all of their assets in any way they choose.

There is no "illegal".

If you want to get into "illegal", tell me where it's "legal" to invade and occupy foreign countries?

Hmmm?

That is one confused no.1 post!

Whaaa....the fcuk was that all about!

I think someone may just have managed to mix up Anglo Persian Oil Company (i.e. BP) with Standard Oil.

No oil company exec has the right to go under oath before congress and lie about drilling in ANWR, stating that it is in the best interests of the nation, and then export the oil overseas.

That doesn't seem to have anything to do with what Cashmere wrote.

Anyway, you are right about testifying under oath, since that falls under the laws of the United States and could constitute perjury. However, oil executives are only rarely put under oath (hmm, wonder why that is?).

Besides, maybe it would still be in the national interest to extract the oil and sell it on world markets. If not, the Saudis must be really dumb, since that's what they do.

OPEC has gone the way of the Texas Railroad Commission.

Interesting. Export cap. So we're going refuse to let go any of our own oil and then hypocritically try to force the rest of the world to sell us the other 70% we need to import each year?

The US is currently benefiting from its privileged position in the world as a wealthy nation. We can still afford to outbid much of the world for oil. A relatively free market for the buying and selling of oil will continue to benefit wealthy nations like ours, while a mad protectionist scheme will backfire on us. Enjoy the free market while it lasts and be glad that you aren't living in some poor country that's already slipping back into the Stone Age because it can't compete with today's high prices.

was opec still organised crime in 1999 when the oil price dropped to 10 dollars a barrel ? and nearly the entire oil industry melted down because not that many people could pump oil that cheap ?

Meanwhile americans were buying suvs like there was no tomorrow, because gas was laughably cheap ?

The oil tanker tracker firm, Oil Movements, expects OPEC to export less oil in early July.

Oil Movements relies on tanker leasing data to estimate exports. If they are correct, Saudi Arabia will not export more oil in July than June. In fact, it looks like they will export less.

Please keep in mind that a country could possibly export less while increasing production. So technically, the Saudis may not be lying about increasing production - but cutting exports is not going to help anybody.





[sorry, I could not find a link]

Arabs do have a fearsome reputation as traders, yes?

Raise production as stated but not export it. . . that is rich.

It sounds like oil won't go down this summer then, as predicted. I wonder if it will correct at all now?

When do they start to make more heating oil and distillates and make less gasoline?

Will this news begin to affect that? We stopped filling the SPR. Have we stopped filling the special heating oil reserve too?

Is this going to be the winter of our discontent?

As a country we get what we deserve. We continue to elect inept and corrupt leaders while the country falls apart.