North Korea's long range rocket crashes into sea

[CJ7]

gee, more pointless vids and no answer of any sort to my simple questions.

youre not doing so well for a self proclaimed cerebral who forgot more than I'll ever know.

NEXT CONTESTANT

[TheDaliLama]

Perhaps if you had anything between your ears you might have caught your answer to your stupid question.

[CJ7]

I dont want to see a tape I want you to answer these questions:


North Dakota, Alaska and Texas produced record numbers of crude since the first of the year.

why hasnt gas prices at the pump changed?

why hasnt global oil prices changed?

why have we been exporting oil ?


any ideas?

[CuteOldGuy]

Another question. Let's assume for arguments sake that it is true that we have 2% of the world's oil and use 20%. What's wrong with that?

[CJ7]

frankly, Im tired dragging you around by both ears trying to pry something intelligent out of your ignorant ass. When you come to grips with oil being world issue, and not depending on the words or actions of a president regardless of stripe, look me up.

coupled with the three domestic oil questions I keep asking you ..

how can a president effect global oil prices ?

(April, 2012)

[COLOR=blue !important][COLOR=blue !important]Oil [COLOR=blue !important]prices[/COLOR][/COLOR][/COLOR] dropped today after Chinese GDP data undershot forecasts, while Spain and Italy saw their borrowing costs rise after it was reported that Spanish banks’ borrowings from the European Central Bank (ECB) reached record levels in March.
The Chinese figures showed that the world’s second [COLOR=blue !important][COLOR=blue !important]largest [COLOR=blue !important]economy[/COLOR][/COLOR][/COLOR], whose oil demand is expected to rise five percent to 9.9 million barrels per day this year, according to CNPC, expanded at an annualised rate of 8.1 percent in the first quarter.
This was well below the 8.9 percent growth reported for the final three months of 2011, while missing forecasts of 8.3 percent.
In the meantime, data revealed that Spanish banks borrowing a massive €316.3 from the ECB last month, a 50 percent increase compared with February.
More bad news came from the US, where the University Michigan said its consumer confidence [COLOR=blue !important][COLOR=blue !important]index[/COLOR][/COLOR] unexpectedly dropped to 75.7 this month from 76.2 in March.
Traders are now looking to the upcoming talks between Iran and six world powers including the US, China and Russia. The negotiations will be focused on Iran’s uranium enrichment programme, which the Middle Eastern country claims is peaceful.
The US and Europe imposed a series of sanctions against Iran earlier this year, resulting in a decline in its oil exports.
US light, sweet crude for May delivery, currently the most actively traded contract on the [COLOR=blue !important][COLOR=blue !important]New [COLOR=blue !important]York [/COLOR][COLOR=blue !important]Mercantile [/COLOR][COLOR=blue !important]Exchange[/COLOR][/COLOR][/COLOR] (NYMEX), declined 70 cents to US$102.94 pence in [COLOR=blue !important][COLOR=blue !important]morning [COLOR=blue !important]trade[/COLOR][/COLOR][/COLOR] in New York.
June Brent crude fell 60 cents to US$120.79/barrel on the ICE Exchange this afternoon.


Have a nice day while you try and think outside your little box.

[CuteOldGuy]

Call me a cynic, but it looks to me like market forces no longer determine the price of oil. I think the prices are manipulated by cooperation between government and the oil industry to benefit each other, and not the consumer. But you already think I'm crazy.

[CJ7]

Originally Posted by CuteOldGuy

Another question. Let's assume for arguments sake that it is true that we have 2% of the world's oil and use 20%. What's wrong with that?

nothing, we're just incapable of changing the global market like some seem to imagine ...


small fish, BIG ocean scenario

[CJ7]

Originally Posted by CuteOldGuy

Call me a cynic, but it looks to me like market forces no longer determine the price of oil. I think the prices are manipulated by cooperation between government and the oil industry to benefit each other, and not the consumer. But you already think I'm crazy.

pretty much the case ...

like ANWAR


the government opens the north slope, we get a 2 cent break at the pump, Big oil makes billions ... Big oil donates to political campaigns, politicians suck Big oil dick, we export oil and the proceeds help pay for the government fucking us, and subsidising Big oil ... the cycle continues


sweeeeeeeet

[gnadfly]

If you are going to lie, then LIE!

http://www.cbsnews.com/8334-503543_1...Num=5&tag=next

In 1994, Pyongyang media reported that the first time Kim picked up a golf club, he shot a 38-under par round on North Korea's only golf course, including 11 holes-in-one. Reports say each of his 17 bodyguards verified the record-breaking feat. He then decided to retire from the sport forever.

[CuteOldGuy]

Originally Posted by CJ7

pretty much the case ...

like ANWAR


the government opens the north slope, we get a 2 cent break at the pump, Big oil makes billions ... Big oil donates to political campaigns, politicians suck Big oil dick, we export oil and the proceeds help pay for the government fucking us, and subsidising Big oil ... the cycle continues


sweeeeeeeet

CBJ7, we have found common ground!

[CJ7]

another April 2012 ..

Prolonged High Prices

Saudi Arabia is working toward its goal of seeing prices drop by highlighting there’s no shortage of supply, al-Naimi said in a statement in Seoul today. Stockpiles held by consumer nations are rising and the kingdom is producing 10 million barrels a day, he said. That’s close to the fastest rate in at least 31 years, official data shows.
“We are seeing a prolonged period of high oil prices,” al-Naimi said. “We are not happy about it.”
Fundamentally, the oil market remains balanced and there is no lack of supply, he said.
Credit Suisse Group AG raised its forecast for Brent crude in 2012 by 20 percent to $125 a barrel because of political risks to oil supply and rising demand. Tougher U.S. and European embargoes against Iran will cut supply and stoke tension in the Middle East, which may push Brent to $130 a barrel at the end of the year, the bank said today in a report.


plenty of oil, records here, there, everywhere

a bird shits on a car and oil prices go up

[JD Barleycorn]

That same old saw; we have 2% of the population and use 20% of the oil. What is the percentage of Arabs in the world? and how oil do they control? Just thinking about that shows how stupid the argument is and how stupid are the people that make it.

[Guest123018-4]

There are facts about gas prices and the cause of their meteoric rise and the fault can be place at the feet of Obama and his administration.
Simple economics can explain it even for the most simple minded liberal.

Oil is priced in American dollars.
The people that sell oil look at the value of a dollar and decide that the value is much less than it once was. As a result of this devaluation of the dollar oil sells for more American dollars than it did 3 years ago.
The primary reason that the value of the dollar has declined so much is due to the Obama administration printing money via the federal reserve.
The printing presses are running full tilt.

The result of this is soon to be the wholesale destruction of the middle class and the theft of all of our savings.

The are facts. The fed has done at least two so called quantitative easings. This is little more than a wholesale devaluation of the dollar by taking an IOU form the federal government and printing more money. The result is hyper inflation.

Forget what the government tells you about inflation as they are lying and fixing the numbers and have been doing it for years. Go and buy a hamburger, fries and a drink and you will pay almost three times what you did as little as four years ago..

Now you have that great utopian society called North Korea that is the model of the Obama administration that cant seem to feed its own people but can try to build a rocket with stolen technology that they cant cobble together and make work. More than likely they were sold some bogus shit and it serve them ruight.

AS long as Obama continues to spend and spend and spend and vilify the ones that actually pay the vast majority of taxes, we will be headed down the same road in short order.

No Obama cannot control the gas prices as long as he continue down this path he can only make it worse.

So if you voted for Obama to prove you are not a racists please vote for somebody else to prove you are not an idiot.

[nwarounder]

Originally Posted by The2Dogs

There are facts about gas prices and the cause of their meteoric rise and the fault can be place at the feet of Obama and his administration.
Simple economics can explain it even for the most simple minded liberal.

Oil is priced in American dollars.
The people that sell oil look at the value of a dollar and decide that the value is much less than it once was. As a result of this devaluation of the dollar oil sells for more American dollars than it did 3 years ago.
The primary reason that the value of the dollar has declined so much is due to the Obama administration printing money via the federal reserve.
The printing presses are running full tilt.

The result of this is soon to be the wholesale destruction of the middle class and the theft of all of our savings.

The are facts. The fed has done at least two so called quantitative easings. This is little more than a wholesale devaluation of the dollar by taking an IOU form the federal government and printing more money. The result is hyper inflation.

Forget what the government tells you about inflation as they are lying and fixing the numbers and have been doing it for years. Go and buy a hamburger, fries and a drink and you will pay almost three times what you did as little as four years ago..

Now you have that great utopian society called North Korea that is the model of the Obama administration that cant seem to feed its own people but can try to build a rocket with stolen technology that they cant cobble together and make work. More than likely they were sold some bogus shit and it serve them ruight.

AS long as Obama continues to spend and spend and spend and vilify the ones that actually pay the vast majority of taxes, we will be headed down the same road in short order.

No Obama cannot control the gas prices as long as he continue down this path he can only make it worse.

So if you voted for Obama to prove you are not a racists please vote for somebody else to prove you are not an idiot.

Thanks, glad to find some sign of intelligence here. Both Dems and Repubs spend too much money, so they continually spoon feed their talking points to the masses, ensuring the uninformed never know the truth.

[Guest123018-4]

The media is to busy trying to create a further division of the people with their coverage of the tragic shooting in Florida of the six foot 2 inch child by a, and this is a brand new liberal media term I have never heard before, WHITE Hispanic.
Hell I mean nobody wants to know that the government is stealing our savings by inflating our money. Blame the high prices on the dastardly oil companies that make single digit profits on their investment in energy production.

These are not eh droids you are looking for.........