Clinton and Obama - Page 464

mek · 05-08-2008, 11:22 PM

Quote:

Originally Posted by Phelps McManus

The price of barrels of oil is highly speculative. The prospect of increased supply in the future will drastically drop prices today.

Don't hold your breath.

Agraza · 05-08-2008, 11:32 PM

It is unlikely supply will ever outstrip demand, especially with the suppliers unwilling to do so.

spronk · 05-09-2008, 01:15 AM

The ANWAR thing is just political bullshit, at peak production it would produce 900k barrels a day. For just 10-15 years btw.

Oil consumption is currently 75 MILLION BARRELS A DAY worldwide. US consumption is over 20 million daily. So its 0.5% of daily US or 0.1% of worldwide - saudi arabia or russia alone can ramp up more than anwar if they wanted to, in a single week.

Its good that we have that extra oil, but its impact on long term oil futures contracts would be minimal - in some ways, you could even say futures already price in the eventual release of ANWAR into the worldwide oil supply.

Havelock · 05-09-2008, 05:27 AM

Quote:

Originally Posted by spronk

The ANWAR thing is just political bullshit, at peak production it would produce 900k barrels a day. For just 10-15 years btw.

Oil consumption is currently 75 MILLION BARRELS A DAY worldwide. US consumption is over 20 million daily. So its 0.5% of daily US or 0.1% of worldwide - saudi arabia or russia alone can ramp up more than anwar if they wanted to, in a single week.

Its good that we have that extra oil, but its impact on long term oil futures contracts would be minimal - in some ways, you could even say futures already price in the eventual release of ANWAR into the worldwide oil supply.

Your numbers are way off. The USGS thinks ANWR could supply 5% (not .5%) of U.S. daily oil consumption for 12-32 years, not 10-15. And that ignores the inevitable technological advances that will make more oil in the field recoverable.

And a lot of the rise in oil prices is the result of rampant speculation. Opening ANWR could settle that down a bit.

Kolle · 05-09-2008, 06:57 AM

anyone think something bad might happen if we pull out too much oil? i worry that parts of the earth will collapse and expose us to earth's center. i'm sure the people living there aren't happy about that.

I'm Rich Bitch · 05-09-2008, 07:07 AM

Quote:

Originally Posted by Kolle

anyone think something bad might happen if we pull out too much oil? i worry that parts of the earth will collapse and expose us to earth's center. i'm sure the people living there aren't happy about that.

I am officially no longer the crazy one on this forum.

Payndar Circusdorf · 05-09-2008, 07:10 AM

Quote:

Originally Posted by I'm Rich Bitch

I am officially no longer the only crazy one on this forum.

Fixed.

Phelps McManus · 05-09-2008, 07:15 AM

I actually find Kolle's statement less ridiculous than 80% of IRB's.

Eomer · 05-09-2008, 07:43 AM

I was just assuming he was kidding.

renaissance · 05-09-2008, 08:53 AM

Clinton is down to a 4 Super Delegate lead. This thing is over, whether or not she wants to admit it.

Etoille · 05-09-2008, 09:14 AM

dont ask me how i know this but kolles statement refers to a group of people that believe there is an entire civilization of people that live in the center of the earth - that military expeditions to antartica have found it because spaceships come from the middle of the earth, and that most people on other planets live in the center of the earth.

these people are a lot taller than us (which makes no physical sense at all).

./cry im so sad that i know this.

Hollow Earth - Wikipedia, the free encyclopedia

Malakriss · 05-09-2008, 09:15 AM

May 19th Time issue:

renaissance · 05-09-2008, 09:22 AM

Oh Time... how I hate you.

Sunder · 05-09-2008, 09:24 AM

Quote:

Originally Posted by renaissance

Oh Time... how I hate you.

Maybe we can still get him on the cover of Madden this year and just complete the jynx.

Sharmai · 05-09-2008, 09:26 AM

Quote:

Originally Posted by Etoille

dont ask me how i know this but kolles statement refers to a group of people that believe there is an entire civilization of people that live in the center of the earth - that military expeditions to antartica have found it because spaceships come from the middle of the earth, and that most people on other planets live in the center of the earth.

these people are a lot taller than us (which makes no physical sense at all).

./cry im so sad that i know this.

Hollow Earth - Wikipedia, the free encyclopedia

Scientifically speaking if there were people closer to the center of the earth then gravity would have a much stronger effect on them so shouldn't those people be much shorter then us on average. "Hence dwarfs"....

05-09-2008, 07:15 AM	#6953 (permalink)
Phelps McManus I'm dangerous! Join Date: Jan 2002 Location: Atlanta Posts: 816 +3 Internets	I actually find Kolle's statement less ridiculous than 80% of IRB's. __________________ If God didn't want us to eat animals, why did He make them out of meat?

05-09-2008, 09:14 AM	#6956 (permalink)
Etoille Your anger makes me happy! <3 Join Date: Aug 2007 Posts: 1,572	dont ask me how i know this but kolles statement refers to a group of people that believe there is an entire civilization of people that live in the center of the earth - that military expeditions to antartica have found it because spaceships come from the middle of the earth, and that most people on other planets live in the center of the earth. these people are a lot taller than us (which makes no physical sense at all). ./cry im so sad that i know this. Hollow Earth - Wikipedia, the free encyclopedia __________________ http://failblog.org/

05-09-2008, 09:15 AM	#6957 (permalink)
Malakriss Your lack of intelligence is an insult to humanity. Get a fucking clue Join Date: May 2002 Location: Obviousville Posts: 2,043	May 19th Time issue: __________________ This logo cost £14,000 to create

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05-08-2008, 11:32 PM	#6947 (permalink)
Agraza Bored of WoW Join Date: May 2005 Location: Florida, USA Posts: 863	It is unlikely supply will ever outstrip demand, especially with the suppliers unwilling to do so.

05-09-2008, 01:15 AM	#6948 (permalink)
spronk nerd Join Date: Mar 2007 Posts: 984	The ANWAR thing is just political bullshit, at peak production it would produce 900k barrels a day. For just 10-15 years btw. Oil consumption is currently 75 MILLION BARRELS A DAY worldwide. US consumption is over 20 million daily. So its 0.5% of daily US or 0.1% of worldwide - saudi arabia or russia alone can ramp up more than anwar if they wanted to, in a single week. Its good that we have that extra oil, but its impact on long term oil futures contracts would be minimal - in some ways, you could even say futures already price in the eventual release of ANWAR into the worldwide oil supply.

05-09-2008, 06:57 AM	#6950 (permalink)
Kolle Registered User Join Date: Sep 2002 Posts: 4,794 -23 Internets	anyone think something bad might happen if we pull out too much oil? i worry that parts of the earth will collapse and expose us to earth's center. i'm sure the people living there aren't happy about that.

05-09-2008, 07:43 AM	#6954 (permalink)
Eomer Registered User Join Date: Feb 2002 Posts: 8,885 +4 Internets	I was just assuming he was kidding.

05-09-2008, 08:53 AM	#6955 (permalink)
renaissance I <3 boobies Join Date: Oct 2002 Posts: 752 +3 Internets	Clinton is down to a 4 Super Delegate lead. This thing is over, whether or not she wants to admit it.

05-09-2008, 09:22 AM	#6958 (permalink)
renaissance I <3 boobies Join Date: Oct 2002 Posts: 752 +3 Internets	Oh Time... how I hate you.