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Old 06-24-2008, 03:10 PM   #1
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Let's make the best of a bad situation !!

We're in Iraq and will be for many more months, probably years !!

Gasoline prices are at an all-time high and crippling the economy and the Middle-Class !!

So, let's force the Iraqi's into an agreement whereby whatever we spend on keeping our troops in their country to maintain order (which range from the Congressional Research Service (CRS) estimate of $8 billion per mo. to an estimated $12 billion per mo. by economist Joseph Stiglitz), an equivalent amount of Iraqi Oil is given the US in exchange.

This Oil would go into the Nat'l. Reserves and be dispensed 50/50 with crude from the Oil Cos. at the refinery !! That way, we would cut the price of gasoline and actually get something for all the tax dollars pouring into Iraq !!
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Old 06-24-2008, 03:24 PM   #2
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I can't disagree with that LB.
The Iraqi government is sitting on over 70 billion in oil revenue and don't know what to do with it, while we're still paying all the bills for their defense and reconstruction.
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Old 06-24-2008, 05:52 PM   #3
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Originally Posted by Lil bastard
Let's make the best of a bad situation !!

We're in Iraq and will be for many more months, probably years !!

Gasoline prices are at an all-time high and crippling the economy and the Middle-Class !!

So, let's force the Iraqi's into an agreement whereby whatever we spend on keeping our troops in their country to maintain order (which range from the Congressional Research Service (CRS) estimate of $8 billion per mo. to an estimated $12 billion per mo. by economist Joseph Stiglitz), an equivalent amount of Iraqi Oil is given the US in exchange.

This Oil would go into the Nat'l. Reserves and be dispensed 50/50 with crude from the Oil Cos. at the refinery !! That way, we would cut the price of gasoline and actually get something for all the tax dollars pouring into Iraq !!

Oh but then the Euros won't like us even more! How will we hold up under such criticism?

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Old 06-24-2008, 07:26 PM   #4
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Old 06-24-2008, 07:30 PM   #5
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Quickurt is right on about the crooked lawyers on both sides that are ruining this country. BruceLee is right on about the fact that these losers in Congress and the white house get to hang around without any performance review and then they get to collect ridiculous windfall pension benefits. I hope both McCain and Obama come to Florida for a town hall because I plan on going to it just to see if I can ask them some questions that will expose them both for what they are. Stupid highly privileged jackasses. Well Obama is a recently privileged jackass.

The funny thing is that whoever wins the election will be the next Jimmy Carter. The winner is going to have to tell the public that interest rates have to go up to boost our dollar so oil prices can come down. This will force more people into foreclosures and create an even more drastic drop in home prices. The winner is going to have to tell people that we are going to have to raise taxes so that we can pay for all the modernization of our infrastructure and the jobs that will come of it. This kind of reminds me of when Dinkins took over as Mayor of New York City. Mayor Koch ran the city into the ground and Dinkins got elected and everybody blamed Dinkins for not being able to fix the problems he inherited from Koch.

Let’s see what Washington has done in the past 30 years.

Reagan and his Administration created what is now know as Al Qaeda and gave Sadam Hussein banned chemical weapons that violated the Geneva Convention. Way to go Rappin Ronny Reagan!

Clinton and his administration did away with Glass-Steagal Act and opened the door for the banks to merge with one another to create an anti-competitive environment and also allow the banks to get into all forms of investments. The type of behavior that caused the run on the banks in the great crash of 1929. Way to go Bill! That brought us the dotcom bubble, the housing bubble and now the creidt and banking crisis. Let's not forget Nafta and the beginning of what became China trade.

Whether you like Dubya Bush or hate him. You got to admit that he is the smartest one of them all. He got everyone to rally behind his decision to go to war with Iraq. He killed two birds with one stone. He got rid of the WMD that his daddy and his administration gave to Saddam Hussein and he got to drive the price of oil up for his buddies to get rich in the same process. Now that is pure genius!

Now we get to vote for McCain or Obama. What a privilege!

Anyway on a positive note we should have built more nuclear plants during the past 30 years and that way we could focus more on Solar, Hydrogen and Wind today. I can’t wait to see how bad these jackasses are going to screw up next!

I got to turn my attention back to the Box and sorry for getting all righteous here!

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Old 06-24-2008, 07:46 PM   #6
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Good stuff Ultimate.\

you are pretty much right on.

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Old 06-25-2008, 01:49 PM   #7
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With Tesla owners finally taking delivery of their electric sports cars, and the price of gas almost at $5.00 per gallon in the U.S., Porsche will need to look hard at plug in electric/hybrid technology within the next few years, not only as planned for the Cayenne, but I dare say on their 997 and 987 variants. The 987 is a natural for electric conversion, as it has more than enough space to accommodate an electric motor and battery packs. In fact, in the next 10 years owners of the 986/987 should seriously contemplate a changeover to electric rather than a $15,000 gas engine replacement. I on the otherhand will be happy to keep my gas guzzling '08 987 S, and take delivery of my all electric Aptera in Feb. '09 (see photo attached). The range on the Aptera is 120 miles, top speed 90 mph, 0-60 in 9.5 seconds, and recharges in 2 hours on a regular house plug. My friends, as strange as it looks, the electric car is just in its infancy, and represents the future of cars. Porsche will be relegated to a fun novelty to drive on weekends if and when gas hits $10.00 per gallon, and shall need to change much quicker to meet market demands in an energy challenged world.
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Old 06-25-2008, 01:57 PM   #8
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With Tesla owners finally taking delivery of their electric sports cars, and the price of gas almost at $5.00 per gallon in the U.S., Porsche will need to look hard at plug in electric/hybrid technology within the next few years, not only as planned for the Cayenne, but I dare say on their 997 and 987 variants. The 987 is a natural for electric conversion, as it has more than enough space to accommodate an electric motor and battery packs. In fact, in the next 10 years owners of the 986/987 should seriously contemplate a changeover to electric rather than a $15,000 gas engine replacement. I on the otherhand will be happy to keep my gas guzzling '08 987 S, and take delivery of my all electric Aptera in Feb. '09 (see photo attached). The range on the Aptera is 120 miles, top speed 90 mph, 0-60 in 9.5 seconds, and recharges in 2 hours on a regular house plug. My friends, as strange as it looks, the electric car is just in its infancy, and represents the future of cars. Porsche will be relegated to a fun novelty to drive on weekends if and when gas hits $10.00 per gallon, and shall need to change much quicker to meet market demands in an energy challenged world.
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Not to burst your bubble but why do you assume that the cost of electricity will not move along with the price of general energy sources? I guess I am puzzled as to why electric power will be a big bargain. That is certainly not true for heating your home, for example, as electric is far more expensive than natural gas and oil.

Certainly, a hybrid CAN be more efficient than a straight fuel car but there are trade-offs. I would have to add the costs of electric power, battery replacement and the like.

To me, I can't see any mode of transportation being a big bargain in the future.

Just my take on it.

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Old 06-25-2008, 02:09 PM   #9
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Personally, I think electric cars are another bait and switch type tactic. They will keep saying in a few more years we'll have a good electric but for know buy a gas car, and they never deliver. I think diesels or diesel hybrids that get 65+ MPG are the best solution, but I have been wrong before. The biggest problem with electric cars most people don't consider is the $8k battery replacement every few years.
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Old 06-26-2008, 06:56 AM   #10
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Quote:
Originally Posted by Lil bastard
Let's make the best of a bad situation !!

We're in Iraq and will be for many more months, probably years !!

Gasoline prices are at an all-time high and crippling the economy and the Middle-Class !!

So, let's force the Iraqi's into an agreement whereby whatever we spend on keeping our troops in their country to maintain order (which range from the Congressional Research Service (CRS) estimate of $8 billion per mo. to an estimated $12 billion per mo. by economist Joseph Stiglitz), an equivalent amount of Iraqi Oil is given the US in exchange.

This Oil would go into the Nat'l. Reserves and be dispensed 50/50 with crude from the Oil Cos. at the refinery !! That way, we would cut the price of gasoline and actually get something for all the tax dollars pouring into Iraq !!
By far the best idea I've heard in years. (Being used to the VWVortex shenanigans, it's sure nice to read intelligent discussions on this site.)

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Old 06-26-2008, 08:32 AM   #11
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THere's a guy on CNBC saying that we WILL have $7 gas base on $150 oil within a year. Based on that his group is saying 10 million Americans will not be able to afford to cars. Say hello to more public transportation budget deficits and Detroit may close down for business...
He's saying we are 5-6 years away from Hybrid cars becoming available to the public in big numbers.

Also heard an economist from Barrons say that ANWR drilling, best case scenario, at full supply will reduce the per barrel cost of oil maybe, ONE DOLLAR.
And of course there's no obliging the oil companies to sell that oil to the lowest bidder (USA).
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Old 06-26-2008, 09:27 AM   #12
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THere's a guy on CNBC saying that we WILL have $7 gas base on $150 oil within a year. Based on that his group is saying 10 million Americans will not be able to afford to cars. Say hello to more public transportation budget deficits and Detroit may close down for business...
He's saying we are 5-6 years away from Hybrid cars becoming available to the public in big numbers.

Also heard an economist from Barrons say that ANWR drilling, best case scenario, at full supply will reduce the per barrel cost of oil maybe, ONE DOLLAR.
And of course there's no obliging the oil companies to sell that oil to the lowest bidder (USA).

Those who oppose driling of any type are hanging their hat on the $1 figure. The number may be right or not.

The issue really is this: Will we be better off not developing all of our energy sources or not? I think the answer is obvious. Energy sources are largely substitutes for each other.

Lets do them all and see how it turns out!

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Old 06-26-2008, 11:43 AM   #13
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I agree for the most part but it sorta reminds me of the ethanol debate.

Some peopel warned that using too much farmland for bio fuels would side track our resources given that ethanol would barely make a dent in our energy needs.

The cost of drilling is almost like sending a man to the moon. Heck might even be more. If we're going to set about pumping more crude from our own backyard you have to have pretty darn good projection on what the return will be given the investment, well the oil company does at least. If those cost go overboard, as they usually do the need to sell that oil at high prices becomes almost mandatory.
Meanwhile a fraction of the price to drill (successfully) in one major site could have put 100,000 hybrid cars on the road, cars that maybe in the future would only need to be filled once a month instead of once a week.

I think technology is our comparative advantage. We can afford given our position to devote more of our resources toward developing FE cars than can our competitors in Asia and perhaps some parts of Europe. China's buying something like 20,000 cars a day while the price of Ford stock is about to fall below a five spot. Rather than dumping billions into Iraq and drilling we need to decide carefully how much of that we're NOT going to pump into "oil price-dependent industries". Otherwise its only a matter of time before GM is filing for bankruptcy while we're dreaming about 2018 crude in ANWAR that will be bought up by the extra 300 million drivers in India and China.
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Old 06-26-2008, 11:53 AM   #14
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I agree for the most part but it sorta reminds me of the ethanol debate.

Some peopel warned that using too much farmland for bio fuels would side track our resources given that ethanol would barely make a dent in our energy needs.

The cost of drilling is almost like sending a man to the moon. Heck might even be more. If we're going to set about pumping more crude from our own backyard you have to have pretty darn good projection on what the return will be given the investment, well the oil company does at least. If those cost go overboard, as they usually do the need to sell that oil at high prices becomes almost mandatory.
Meanwhile a fraction of the price to drill (successfully) in one major site could have put 100,000 hybrid cars on the road, cars that maybe in the future would only need to be filled once a month instead of once a week.

I think technology is our comparative advantage. We can afford given our position to devote more of our resources toward developing FE cars than can our competitors in Asia and perhaps some parts of Europe. China's buying something like 20,000 cars a day while the price of Ford stock is about to fall below a five spot. Rather than dumping billions into Iraq and drilling we need to decide carefully how much of that we're NOT going to pump into "oil price-dependent industries". Otherwise its only a matter of time before GM is filing for bankruptcy while we're dreaming about 2018 crude in ANWAR that will be bought up by the extra 300 million drivers in India and China.

I thinik you are mixing things up. The cost of investing in ANWAR is the oil companies, not "ours." The fed govt would get income from the oil companies via leases and the risk of the future of oil from ANWAR is with the oil comp.

So, feds get cash, oil companies gets future returns if any. We get oil in the future via the markets, same as always, just more oil being pumped.

So far so good. We (being the US population) will do whatever seems to be in our best interest. There is no shortage of companies offering hybrids and more and better hybrids will come on line as demand grows, as it surely will as gas prices increase. Other forms of transportation will certainly come on line too.

So, I think you are thinking that the govt will "make investments" in energy when in fact, they don't need to. They simply need to GET OUT OF THE WAY of development, ie let the nuclear industry go, let the coal industry go, let the tech industry go. Oil from bugs, let it go!!!!!

To my mind, no one is looking for money, they are looking for a lack of interference.
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Old 06-26-2008, 03:11 PM   #15
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To my mind, no one is looking for money, they are looking for a lack of interference.
There is the key to the whole thing. THe founders wrote that Constitution thingie to make sure the government stayed the hell out of what was none of it's business. Things like energy production and regulation. There is a very specific list of what the federal government is authorized to do and ANYTHING else was forbidden. Unfortunately, they forgot to give us a suitable vehicle for enforcing the Constitution over the government. Voting is too slow and did not take into consideration professional politicos or the people being dumb enough to elect lawyers. The 2nd Amendment is too drastic for everyday infringement.
Nothing personal against lawyers, but allowing lawyers to write the laws, debate the laws AND judge the laws or accountants to write the taxcode is fox running the henhouse, no matter how you look at it. I bet if the judges didn't come from the lawyer fraternity, things would be different.
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