Oil Supply 8 Year High

Why don't you post a link to your source?

I'd love to be high for 8 years.

Economics is fun!

You can produce all the oil you want, but if you can't refine it...

Besides, demand is what is driving up the price, anyway. Nigeria is offline: that's 3% of the world's production right there. . . supply will drive it back down.

Maybe, but not for long.

Hmm... well we've just been warned that fuel will reach $1.50 here a litre next week (absolute record high).

This will sound ridiculous, but I cant afford to drive my car at those type of prices.

An old mate offered me $1000 for my old banger and the V8 really has seen its day; reluctantly, I will have to let her go.

No Rob, it is important information ... no one here had noticed

A public service type thing maybe ...

In theory, you're saying nuke Iran, let the fallout spread over into China and for a short time, oil will be cheap again?

Cool.

interestingly i saw a news article (done by CNN) saying China was using 1/7th the fuel that the US was using. and per capita that was a minor fraction.

the US uses 48% of the worlds oil. yet has 1/4 the people than china.

SUV's IMO are the blame.

also i have heard that oil production and availablility is no different then before, the petrol prices are artificially high due to people being afrid it will not last, and thus bidding more for it.


the higher the price the better it is IMO. it will make alternatives more viable. i see nothing bad that can come from it.


Alltaken

You never cease to amaze me in how your entrenched in the US is so evil with fuel & SUVs.....

Well I'll tell you one thing flat out.... The US will solve it & it won't be through the the stuff you've bought into it with you corner of the world.... H

I've got to agree with you!!!!

When this gets solved.... It will come from the US & nowhere else..... Whatever it is, it isn't here now.... But when we do it, the rest of the world will follow, as has always been the case..... Freedom allows us to do it!!!! What else can I say????

Don't you have an interview in 1-2 minutes?

Remember my advice.

That could also work.

If it doesn't go well, rip out the cord and say you had phone troubles.

Hey good work mate. I've got to wrap up some stuff here and see some people after work. I should be done in a couple of hours.

Thanks guys. I appreciate it.

Its insurance sales for a major bank here, Russ. Not a dream job but I was running low on ideas and options and this mob pay better than most. I view it as a starting point. The insurance sales will be a blend too, high-end corporate sales as well as domestic insurance. They'll start me with the latter and if I prove my worth then I'm up into the bigger stuff. Piece of cake!

Starting out fresh again for a new company and I'm pumped up for it.

Will tell you a bit more on Skype once I get this focking headset set-up.

Cheers mate! Onto my 3rd brew and having a good chat to Russ on Skype.

Oh yea, good luck on that interview in May. Just be sure to trim your fingernails and make sure there ain't a booger hanging outta your nose...

A company I interviewed with more than four weeks ago made me an offer Tuesday last (25th). Less money than I'd like, but the cost of living there is very, very low (houses rent for around $500-550 / month). And its more than I'm making now.

New job, new baby the very next day. . .

was only quoting your news article.

it was not an attack on the US, but a defence of China. yes china is increasing fuel usage, but its not the biggest reason for fuel use, and its using hardly any fuel per capita, even less than my country who uses more than most per capita.

The CNN article started by saying it was china increasing use, then went on to quote all the stats for the US usage, saying that when chinas usage reaches that of the US, it will have 900 million more cars on the road.

if SUV's (a luxury, not a necessity, nor even practical) were pulled off the roads, then chinas increased usage would be canceled out instantly and probably then some. i have always been against SUV's (not against farmers using trucks, but against inner city shopers using them)

i also don't see any problem with high fuel prices, as Bomber says, it will correct itself. those who made the decision to buy an SUV will suffer the most from it, but in the long term that is no great issue, they are the people most likely to be able to afford it.

Are high fuel prices really a huge issue when a sollution already exisits? i.e. smaller cars?

behaviour is a larger sollution than technology, the faith in technology fixing everything is very misplaced. yes it is one method of fixing things, but ultimately its short lived.

heck even all the people over here who drive around SUV's are bloody idiots. its an attack not on the US, but on the mindset of those who don't give a crap, and those people exist wherever a SUV stockist exists, if people don't care, and then pay the price, why should anyone be sympathetic?

p.s. US fuel prices are lower than any country i have heard of to date (except oil producing countries)

enjoy it while it lasts, your prices are about what I was paying 5 years ago. it is most certainly not the end of the world.

Alltaken

Yeah, Puks. There's a few mate, for sure. I saw the big protests in New York, I think it was, about the war and that.

Its interesting, I think a good many people who are now anti-war are that way inclined because of the mismanagement there combined with a distaste for Bush; but I still think there's a strong nationalistic belief in what the US stands for and what it represents to the rest of the world, you know.

Mate, its getting trickier by the day. I cant see them bringing anybody home soon, can you?

At, mate, are you joking? There's not one country thats not involved that sees it self actually wanting to get involved. Not one.

Iran? Sure. Focking crazy bugger that Pres of theres is.

At, mate, are you joking? There's not one country thats not involved that sees it self actually wanting to get involved. Not one.


i know they don't want to be involved, thats why its unfortunate. i'm saying its not really a choice, and that people are just wanting their loved ones home already.

from someones POV every war is a huge pain in the butt.

and yeah Iran are being crazy buggers, cunning crazy buggers to be choosing this time to be doing what they want.

i think they did it on purpose when people want their loved ones home and are somewhat sick of war.

Alltaken