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Higher Oil Prices Coming

Discussion in 'General Yachting Discussion' started by brian eiland, Jun 22, 2014.

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  1. brian eiland, Jun 22, 2014
    #1
    brian eiland

    brian eiland Senior Member

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    ...and they could be SIGNIFICANT !!


    Oil Prices at Nine-Month High as Iraq Instability Continues
    ...the Wall Street Journal
    Oil Prices at Nine-Month High as Iraq Instability Continues - WSJ
    It seems really ironic that I believe one of our primary reasons for invading Iraq was to hopefully allow for a 'new' government that was 'friendly' to the USA, and sitting on top of the second largest proven sweet oil reserves in the world.
  2. brian eiland, Jun 22, 2014
    #2
    brian eiland

    brian eiland Senior Member

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    Crude Oil Prices Soaring on New Attacks in Iraq; Here's Where They're Headed
  3. dennismc, Jun 23, 2014
    #3
    dennismc

    dennismc Senior Member

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    Now that the US is a net exporter of oil, why are we here still under the thumb of the cartel which is illegal, I guess the Gov't loves the tax increase they get automatically during an increase, just seems blatantly unfair and that price is the benchmark it is actually sold for way less than that, Canadian producers were subsidizing exports to the tune of 35.00 pbbl in the winter, to me it's just a plain and simple price fix.
  4. Pascal, Jun 23, 2014
    #4
    Pascal

    Pascal Senior Member

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    The primary reason to invade Iraq was not oil but was to prevent sadam Hussein from developing WMDs and providing support to terrorist. It was not oil. This is what a majority of members of congress from BOTH PARTIES voted on, agreed to and supported.

    Even though nowadays, some find it convenient to use the short memory of th average voter and claim otherwise.

    We could b energy independent very quickly of the administration had implemented a realistic energy policy instead of pandering to its campaign contributors with failures like solar, wind, algea etc....

    Or by having approved th keystone pipeline in a timely manner,

    But let's not forget that president barrack Hussein Obama is on record calling for higher energy prices.

    High energy cost is the policy of this administration.
  5. RER, Jun 24, 2014
    #5
    RER

    RER Senior Member

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    True. It is in fact probably the only plank left in their platform which they have not capitulated on.

    The religion of the left is belief that using energy harms the planet and among other things changes the weather, and if made expensive enough you will be forced to use less of it.

    I wanted to hurry up and get that in before this thread is closed.
  6. Carver38, Jun 24, 2014
    #6
    Carver38

    Carver38 Member

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    Sorry, I hate to dispute the many learned minds here, but don't ever believe for ONE second it's not about the oil.

    It is ALWAYS about the oil.


    ALWAYS.
  7. Pascal, Jun 24, 2014
    #7
    Pascal

    Pascal Senior Member

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    It sounds good, it s nice sound bite but go back to the debate and the resolutions passed to authorize action (back in the days when we had a president who didn't ignore the constitution) and show me where the words OIL is mentioned...
  8. K1W1, Jun 24, 2014
    #8
    K1W1

    K1W1 Senior Member

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    Hi,

    Unless my glasses are having a malfunction the thread title is "Higher Oil Prices Coming"

    I challenge even the most proficient anagram aficionado to show me the word "Politics" contained in this title.
  9. RER, Jun 24, 2014
    #9
    RER

    RER Senior Member

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    Are you suggesting oil prices and politics are mutually exclusive?
  10. K1W1, Jun 24, 2014
    #10
    K1W1

    K1W1 Senior Member

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    No, I am saying that this thread has swung to a very political one and does not really fit well with the rest of the forums material.
  11. RER, Jun 24, 2014
    #11
    RER

    RER Senior Member

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    While that may be true, oil prices and politics are inextricably entwined. And all politics are political.
  12. K1W1, Jun 24, 2014
    #12
    K1W1

    K1W1 Senior Member

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    Religion and Politics are also inextricably entwined, we don't normally discuss this nor Owners.

    Last time I checked the bookmark for this website started www. yachtforums. com not www. this/last/next week in congress. gov or has my browser been hijacked.
  13. PacBlue, Jun 24, 2014
    #13
    PacBlue

    PacBlue Senior Member

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    It is a common consensus but we didn't really see any noticeable oil relationship did we? Were Americans pulling the oil strings at Iraqi oil production and if so who / what / where / how? Maybe I am ignorant, but inform me otherwise.

    Oil prices are not in our control (nor have they ever been and have switched to the commodity brokers. If it was really about oil only, then convince me why we didn't charge Kuwait in oil (or some kind of payback) for all our efforts in keeping Iraq out of their business?

    Biggest mistake in US history was letting the US and business magnates have access to national oil supplies and not create an oil system policy like Norway has. No thanks to the Rockefellers / Morgans / Brits, et al.
  14. brian eiland, Jun 24, 2014
    #14
    brian eiland

    brian eiland Senior Member

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    Acquisition of natural resources was one of the primary forces that brought Japan to its expansionist polices in Asia prior to WWII. Then they decided to attack the USA, ...the only other world power at the time that might try to stop their 'acquisitions'.

    IRAQ was Cheney's plan to install a government there that was friendly to the USA, and that would be sitting on top of the world's second largest PROVEN reservoirs of sweet crude oil. But of course they totally screwed that up. (by the way if anyone doubts this I ask them, "why did we build the Taj Mahal of all US embassies in the little country of Iraq?. I would have thought we might build that in China").

    Onward into the future. What really has me concerned now is that we have stirred up a hornets nest over there (as I predicted before this war), and now we have the beginnings of a really BIG religious war between the various factions of the Muslim population,...and that could even bring a number of other countries over there into the conflict,...to include Iran, Syria, and even Saudi.

    Imagine what that will do to the oil supplies of the world,...and the prices that speculators will drive those prices to. I'm not a betting man, but I would venture to wager that crude will reach $130 per barrel in short order.

    What will another hit like that do to the world's (and our) economy? And what will it do to our recovering boating industry?
  15. Pascal, Jun 24, 2014
    #15
    Pascal

    Pascal Senior Member

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    Iraq was about eliminating a brutal mass murdering belligerent dictator whose goal was to acquire WMDs and supporting terrorist groups whose goal was to attack us.

    Throughout the 90s, Afghanistan was ignored and over 3000 is civilians paid the ultimate price.

    Up to 2009, things were going pretty smoothly in Iraq, at lest a well as one can expect in a place with such ethnic tension. After 2009, political consideration became the driving force leading to a vaccum terrorist groups are now exploiting.

    And th same is about to happen in Afghanistan.

    Let's just hope that in a few years an even number of us citizens don't pay the price for this reckless foreign policy.

    And yes, all this instability has a direct impact on fuel prices.
  16. PacBlue, Jun 24, 2014
    #16
    PacBlue

    PacBlue Senior Member

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    Those in the marine industry, especially on the power side (although FRP sailboats are surely oil dependent) have to realize now that at high $$$/oil barrel prices, our industry will suck, and will be reshaped into something no one is imagining right now.

    Recreational boating at those prices - in our dreams, only for the top 1%, so if it is your major concern now, take the steps in your career to prepare for it (commercial and military fields), or stay attached to top 1%, or change careers :(
  17. karo1776, Jun 24, 2014
    #17
    karo1776

    karo1776 Senior Member

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    It seems to me the price of oil is not relevant to whether one can boat or not. It makes a difference in the size and perhaps type... but those that love the water will find a way... maybe a different way.

    As far a costs go yes it is inflationary but everything else goes up with oil. So it is relative. Will the oil fields in Iraq going down really effect anything... yes the traders use the perception to make money on but other sources will compensate or be found over the longer haul.
  18. PacBlue, Jun 24, 2014
    #18
    PacBlue

    PacBlue Senior Member

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    Come out to the many marinas in California and see what happens when gas/diesel prices peak. The boats never leave their slips, essentially becoming dockside condominiums, the for sales signs proliferate, the marina parking lots are half empty on weekends. The waiting lists for dock space dwindle to nothing, as no one is willing to take the dive for $7.00+/gal Gas/Diesel.

    And the waterways get choked with Paddle Boarders and Kayakers, so I guess you have your answer ;)
  19. brian eiland, Jun 24, 2014
    #19
    brian eiland

    brian eiland Senior Member

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    After all that has transpired since the beginning of that war, ...I hope you don't still believe this was the true reason for our invasion of Iraq. :rolleyes:

    Uhmm, I wonder how many 100's of thousands of civilians (Iraq & Afghan) have paid the price of death over the past 12 years,...just to clean up a dictator who did NOT have designs on attacking us, and had real questionable BIG weapons. He was just paying a good bluffing poker hand to keep his local neighbors at bay,...and he had them all convinced of his power.

    We had him contained very well in a no-fly zone after the first gulf war. Israel might have been concerned about his Scud missiles , but they certainly were NO THREAT to us. And please remember, he had NOTHING to do with 9/11,...so don't repeat that again, please.
  20. PacBlue, Jun 24, 2014
    #20
    PacBlue

    PacBlue Senior Member

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    We all have our theories and most are just opinions/narratives from popular media sources.

    But you fail to mention that the Congress/Senate jumped on this bandwagon almost unilaterally. It has been embarrassing to see who has politically back-pedaled out of their original "commitment". Now, I am no fan of Cheney and have had the occasion to speak to people who have worked fairly close to him and they do not paint a pretty picture of his over-bearing ambition and take no prisoner tactics, but he is just one cog in that wheel of motion.

    The stats for the "average gain" in Iraq oil imports was not even 10% of OPEC export production to the US, less than 3% of all oil imports.

    U.S. Total Crude Oil and Products Imports

    Like who shot Kennedy, there are many more conspiracy theories to chase......
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