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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on March 19, 2010, 06:41:55 AM
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WWW.BBC.COM
Russia to drill for oil off Cuba
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Havana imports most of its oil at a subsidised price from Venezuela
Russia is to begin oil exploration in the Gulf of Mexico, after signing a deal with Cuba, says Cuban state media.
Russian Deputy Prime Minister Igor Sechin signed four contracts securing exploration rights in Cuba's economic zone in the Gulf.
Havana says there may be some 20bn barrels of oil of its coast but the US puts that estimate at five billion.
Russia and Cuba have been working to revitalise relations, which cooled after the collapse of the Soviet Union.
Russia's Zarubezhneft oil concern will work alongside the Cubapetroleo monopoly in the deep waters of the Gulf.
"Every time I travel through the region, I come to Cuba to advance our joint economic-commercial projects, and I take every opportunity to communicate with my colleagues," Mr Sechin told local media.
Under the new agreement, Russia has also granted a loan of $150m to buy construction and agricultural equipment.
Havana imports more than half of its oil, mostly at a subsidised price from Venezuela.
Cuba's share of the Gulf of Mexico was established in 1977, when it signed treaties with the United States and Mexico.
The US Geological Survey (USGS) recently estimated that as much as 9bn barrels of oil and 21 trillion cubic feet of natural gas could lie within that zone, in the North Cuba Basin.
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So Russia and China can drill in the Gulf of Mexico - but Communist-in-Chief says no.
Unreal. When you idiots are paying $5.00 a gallon soon for gas go take it up with the traitor you elected as president.
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We need windmills and higher taxes.
That will solve all of our problems
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i hope i live to see the day when we are buying our oil from cuba.
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america will be cuba by then or maybe cuba/china
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We need windmills and higher taxes.
That will solve all of our problems
NO,NO,NO!!!We need everyone riding our bikes to work,keep our houses at 60 degrees and use candles to read the NY TIMES.
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and do this while using all the drugs they wana legalize, but god dammit we better not have any salt after they ban that
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Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA. Instead, he chose to rely on Middle eastern oil for our quickly growing energy needs.
In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction. It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?
This boring thread needed some spin, eh?
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Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA. Instead, he chose to rely on Middle eastern oil for our energy needs.
In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction. It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?
This boring thread needed some spin, eh?
The only difference is that you mean it.
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Historians will always wonder why, given both houses of Congress, George W. Bush lacked the courage to defy small pockets of liberal protesters and institute domestic drilling and nuclear energy for the USA. Instead, he chose to rely on Middle eastern oil for our quickly growing energy needs.
In only his first year, Obama has already worked to get us off the Saudi "teet" by starting domestic nuclear energy - a step in the right direction. It's weird that a kenyan-born president has done more to free America from Middle-eastern control than a Texas cowboy ever did, isn't it?
This boring thread needed some spin, eh?
lol ;D
PS: you forgot to throw a little 9/11 in there too.
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hahaha I can spin a turd any way, 333386.
I had to laugh mid-paragraph when I realized it's kinda true though.
Bush was all about the oil and didn't start either of those programs. All I hear about is how "lib protesters stopped him". They sure as fvck aren't stopping obama, eh?
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Good point 240. Classic stuff.
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hahaha I can spin a turd any way, 333386.
I had to laugh mid-paragraph when I realized it's kinda true though.
Bush was all about the oil and didn't start either of those programs. All I hear about is how "lib protesters stopped him". They sure as fvck aren't stopping obama, eh?
This was another major failing of GWB. After 911 he should have gone full steam ahead with domestic drilling and shutting the borders. Instead, he called people like me vigilantes and didnt do shit for drilling.
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This was another major failing of GWB. After 911 he should have gone full steam ahead with domestic drilling and shutting the borders. Instead, he called people like me vigilantes and didnt do shit for drilling.
Please explain what right you have to demand the destruction of the our beautiful country and oceans so you can pay less for a substance that will RUN OUT?
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Please explain what right you have to demand the destruction of the our beautiful country and oceans so you can pay less for a substance that will RUN OUT?
$4.00 a gallon gas literally was the spark to the finanacial meltdown. Are you that suicidal to want this to occur again?
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"This was another major failing of GWB. "
So you admit Obama has done more for energy independence (nuclear) than Bush did?
brave man, admitting that!
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"This was another major failing of GWB. "
So you admit Obama has done more for energy independence (nuclear) than Bush did?
brave man, admitting that!
He gave freaking speech you idiot!
He also cut off funding for Yuca Mountain.
This was the typical flim flam Obama 3 card monte scam people like you buy in to. give a speech and act like the speech is the same as action. No wonder we have BOY wonder as president.
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$4.00 a gallon gas literally was the spark to the finanacial meltdown. Are you that suicidal to want this to occur again?
You just made my point. Thanks. Oil will only ever go up and continue to do so. If we have renewable energy that WE can create without the destruction of our beautiful country, we won't have to worry about any price of oil. ;D
Keep living in the 60's buddy!
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You just made my point. Thanks. Oil will only ever go up and continue to do so. If we have renewable energy that WE can create without the destruction of our beautiful country, we won't have to worry about any price of oil. ;D
Keep living in the 60's buddy!
There is no such thing as a viable alternative to oil to fuel cars other than you drug induced fantasies of Al Gore.
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so pretty much the last 20 years have been hell huh 3333?
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There is no such thing as a viable alternative to oil to fuel cars other than you drug induced fantasies of Al Gore.
So not only are you smarter than nobel prize winning economists and climate studying scientists, you're now an expert on whether or not cars or transportation can run on anything other than oil? You never thought that maybe if we made it a priority then costs wouldn't come down? Or are you just protecting your shares in exxon?
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so pretty much the last 20 years have been hell huh 3333?
As far as oil goes, we need to drill out own damn oil. There is no such thing as an alternative to oil to fuel cars or homes. If there is at the same price or lower, please tell me what it is?
Without cheap fuel, our nation shuts down. If you guys dont get that, welcome to 20% UE.
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So not only are you smarter than nobel prize winning economists and climate studying scientists, you're now an expert on whether or not cars or transportation can run on anything other than oil? You never thought that maybe if we made it a priority then costs wouldn't come down? Or are you just protecting your shares in exxon?
Lets see,Al Gore has made 500 million from the global warming hoax.Why doesnt he get together with George Soros,invent another form of engine and make trillions?You know why BECAUSE IT CANT BE DONE!!!!!!We have enough oild HERE for 500 years,we are being held hostage by dumb ass lying enviro kooks like Gore.
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As far as oil goes, we need to drill out own damn oil. There is no such thing as an alternative to oil to fuel cars or homes. If there is at the same price or lower, please tell me what it is?
Without cheap fuel, our nation shuts down. If you guys dont get that, welcome to 20% UE.
I disagree. We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.
That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.
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I disagree. We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.
That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.
I dont agree at all. That means we are reliant on foreign oil and the arabs etc. BTW - THERE IS NOT A VIABLE ALTERNATIVE TO OIL!
Please tell me what it is.
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I disagree. We should be using everyone's oil first and at the same time aggressively develop alternative energy sources and invest heavily into nuclear power.
That way in 50 years we won't be so dependent on oil, have tons of it and the rest of the world can suck balls.
I am pretty sure that this has been American Policy since 1975.
There is still talk of doubling it. Which would be equivalent to a years worth of at the maximum dispensing rate of 4.4million barrels a day.
FYI
http://en.wikipedia.org/wiki/Strategic_Petroleum_Reserve
On November 13, 2001, President George W. Bush announced that the SPR would be filled, saying, "The Strategic Petroleum Reserve is an important element of our Nation's energy security. To maximize long-term protection against oil supply disruptions, I am directing the Secretary of Energy to fill the SPR up to its 700 million barrel [111,000,000 m³] capacity."[2] The highest prior level was reached in 1994 with 592 million barrels (94 million m³). At the time of President Bush's directive, the SPR contained about 545 million barrels (87 million m³). Since the directive in 2001, the capacity of the SPR increased by 27 million barrels (4.3 million m³) due to natural enlargement of the salt caverns in which the reserves are stored. The Energy Policy Act of 2005 has since directed the Secretary of Energy to fill the SPR to the full 1 billion barrel authorized capacity, a process which will require a physical expansion of the Reserve's facilities.
On August 17, 2005, the SPR reached its goal of 700 million barrels (111,000,000 m³), or about 96% of its now-increased 727-million-barrel (1.156E+8 m3) capacity. Approximately 60% of the crude oil in the reserve is the less desirable sour (high sulfur content) variety. The oil delivered to the reserve is "royalty-in-kind" oil—royalties owed to the U.S. government by operators who acquire leases on the federally owned Outer Continental Shelf in the Gulf of Mexico. These royalties were previously collected as cash, but in 1998 the government began testing the effectiveness of collecting royalties "in kind" - or in other words, acquiring the crude oil itself. This mechanism was adopted when refilling the SPR began, and once filling is completed, revenues from the sale of future royalties will be paid into the federal treasury.
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I dont agree at all. That means we are reliant on foreign oil and the arabs etc. BTW - THERE IS NOT A VIABLE ALTERNATIVE TO OIL!
Please tell me what it is.
I agree that you don't agree but still disagree on what i originally disagreed on.
Viable alternatives?
Nuclear power.
As far as for automobiles, there isn't one yet. But aggressive development will breed one.
Until then buy a dam prius! ;D And let's use up the ME oil.
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I dont agree at all. That means we are reliant on foreign oil and the arabs etc. BTW - THERE IS NOT A VIABLE ALTERNATIVE TO OIL!
Please tell me what it is.
Thats not quite true.
Coal natural gas and synthetic oil from oil shale give the US the large energy reserves in the world and are all alternatives to oil.
The greens don't like people to exploit these, which is a shame.
Now if you want to go all green..
Large scale hydro and Nuclear, with a small mix of wind and solar for peak loads is would a great alternative.
However any type of power generation has its draw backs and for wind, solar and hydro, it is the amount of land they require to make energy.
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Thats not quite true.
Coal natural gas and synthetic oil from oil shale give the US the large energy reserves in the world and are all alternatives to oil.
The greens don't like people to exploit these, which is a shame.
Now if you want to go all green..
Large scale hydro and Nuclear, with a small mix of wind and solar for peak loads is would a great alternative.
However any type of power generation has its draw backs and for wind, solar and hydro, it is the amount of land they require to make energy.
I'm talking about fuel for cars, planes, and trucks and the vechicles that fuel commerce in this nation. $4.00 a gallon for gas literally was was sparked the meltdown in the economy. Just look up the timing.
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I'm talking about fuel for cars, planes, and trucks and the vechicles that fuel commerce in this nation. $4.00 a gallon for gas literally was was sparked the meltdown in the economy. Just look up the timing.
So your solution to a volatile situation is to not look for an alternative to peak oil, but instead try to put of the day when gas exceeds $4.00 a gallon for as long as possible? You do realize oil is a finite resource right?
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I'm talking about fuel for cars, planes, and trucks and the vechicles that fuel commerce in this nation. $4.00 a gallon for gas literally was was sparked the meltdown in the economy. Just look up the timing.
You realize about a 1/3 of American imports is for synthetic oil. Think oil sands from Canada.
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You realize about a 1/3 of American imports is for synthetic oil. Think oil sands from Canada.
No kidding, but pricing is also based on speculation of future supply. Notice how any time we threatent to increase supply the cost starts coming down?
Again - if gas goes to $4.00 a gallon again in the near term, what alternative is avaialble to people that we have been hearing about?
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No kidding, but pricing is also based on speculation of future supply. Notice how any time we threatent to increase supply the cost starts coming down?
Again - if gas goes to $4.00 a gallon again in the near term, what alternative is avaialble to people that we have been hearing about?
When gas goes back to 4.00 a gallon in the near term there will be no alternative.
Any move away from gas in cars will take generations.
however gas can be made from coal, oil shale, and vehicles can be converted to natural gas.
Gas pricing has more to do with the fact the US dollar tanking and China and India have started to peg their oil prices again.
This time Obama won't be able to stop them because America has too much foreign debt, which is pressuring the dollar.
But on the bright side China will need to buy foreign currency to offset the cost of pegging oil.
Which means the China US merry go round is back.
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When gas goes back to 4.00 a gallon in the near term there will be no alternative.
Any move away from gas in cars will take generations.
however gas can be made from coal, oil shale, and vehicles can be converted to natural gas.
Gas pricing has more to do with the fact the US dollar tanking and China and India have started to peg their oil prices again.
This time Obama won't be able to stop them because America has too much foreign debt, which is pressuring the dollar.
But on the bright side China will need to buy foreign currency to offset the cost of pegging oil.
Which means the China US merry go round is back.
Which is why I keep saying we need to stop the printing, spending, etc and get our financial house in order.
If gas goes back to $4.00 a gallon or high we are heading for another collapse.
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Which is why I keep saying we need to stop the printing, spending, etc and get our financial house in order.
If gas goes back to $4.00 a gallon or high we are heading for another collapse.
Actually what caused the collapse wasn't 4.00 gas, but the fact China and India raised its national oil price on June 20th.
This reduced the amount of T-bills that they were buying, which cause a correction to interest rates. This correction caused the whole house of cards to collapse.
http://www.forbes.com/feeds/afx/2008/06/20/afx5137139.html
The longer-term impact of China's move on world oil prices would not be clear until later in the year, when numbers about demand are released for the market to digest, Ernsberger said.
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Actually what caused the collapse wasn't 4.00 gas, but the fact China and India raised its national oil price on June 20th.
This reduced the amount of T-bills that they were buying, which cause a correction to interest rates. This correction caused the whole house of cards to collapse.
http://www.forbes.com/feeds/afx/2008/06/20/afx5137139.html
The longer-term impact of China's move on world oil prices would not be clear until later in the year, when numbers about demand are released for the market to digest, Ernsberger said.
$4.00 a gas made people stop engaging in all sorts of commerce. I remember it like yesterday. Boating industry died, recreational stuff died, people were not flying, etc etc.
At $400 a gallon, peopl estop doing stuff and just stay home.
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joker, your input is greatly appreciated here. You've owned my arguments 1000 times, and I look fwd to it every time.
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joker, your input is greatly appreciated here. You've owned my arguments 1000 times, and I look fwd to it every time.
Yeah Joker is the man.
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Yeah Joker is the man.
Yep.
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Actually what caused the collapse wasn't 4.00 gas, but the fact China and India raised its national oil price on June 20th.
This reduced the amount of T-bills that they were buying, which cause a correction to interest rates. This correction caused the whole house of cards to collapse.
http://www.forbes.com/feeds/afx/2008/06/20/afx5137139.html
The longer-term impact of China's move on world oil prices would not be clear until later in the year, when numbers about demand are released for the market to digest, Ernsberger said.
$4.00 a gallon was also an emotional and psychological barrier that made people curtail a lot of activities as well. Seeing the $$.00 number at the pump made a big difference compared to $3.25.
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People not buying things had nothing to do with interest rates increasing.
It was the artificially low interest rates that allowed people to get into houses that they can't afford.
Once the rates were corrected in July. Everything went to hell.
This is do to the whole inter management of China and US.
Thanks for the kind words.
I was posting a lot less because the board can get full of tools and its hard to have reasonable discussion, when there are these people post stories without actually reading them.
I think Hugo called me on this about 100times.
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People not buying things had nothing to do with interest rates increasing.
It was the artificially low interest rates that allowed people to get into houses that they can't afford.
Once the rates were corrected in July. Everything went to hell.
This is do to the whole inter management of China and US.
Thanks for the kind words.
I was posting a lot less because the board can get full of tools and its hard to have reasonable discussion, when there are these people post stories without actually reading them.
I think Hugo called me on this about 100times.
I didnt say the gas prices were the cause, but they were a spark to the meltdown. I remember people literally stopping everything there were doing.
Everything came together and we melted down.