<---Open for personal attacks

[WhiteHawk]

Osama is still alive!!!!!!!!!  Good grief.    Face it.  Bush administration dont give a damm about Bin laden.  Pump the fricken Oil out of iraq, charge us 2.00 bucks a gallon for gas and haliburton rakes it in.    Lets hear the excuses.
  Why are we fighting terrorism in Iraq while bin laden is doing newscasts threatening the US?  Bush sucks to high fricken heavn.
  Reagan would have had that bearded fossil strung up by the balls 15 minutes after the 911 attacks.

[Ripsnort]

Supply/Demand:
Disregard the rising demand , lack of spare supply, political tensions in the Middle East(Bush's fault since he asked Saddam to ignore the UN's demands), and refinery bottlenecks.  Conspiracy theories are much more interesting.

World oil demand is growing at the fastest pace in 24 years. China's economic expansion has fueled dramatic gains in fuel consumption, drawing in crude and refined products from all around the world.

Chinese crude imports are up 40 percent so far this year and show no sign of slowing despite government efforts to calm economic growth.

Chinese demand is forecast to keep rising next year as car ownership surges and power generation needs grow. The prospect of sustained growth has encouraged big-money speculative hedge funds to bet that high oil prices are here to stay.

Indian consumption is growing fast too. And solid growth in the U.S. economy, which devours a quarter or all world oil, is driving competition between Asia and the United States for supplies.

Need for investment
Big oil reservoirs are becoming harder to find and more expensive to develop. Many of the oil provinces outside OPEC are mature, which means that finds are now smaller, need more costly technology to develop and fall faster from peak production.

In OPEC, which holds around two-thirds of the world's oil reserves, many of the bigger nations either do not allow foreign investment in oil, or have unattractive investment and legal terms.

This has slowed down production capacity growth in OPEC nations, meaning that most are already producing flat out to meet demand.

Oil companies have also been cautious on spending since the '97-'98 price crash slashed their share prices and triggered a spate of mergers. Many now see more value in buying back their own shares than plowing money into developing oil supplies.

They have focused on large-scale projects, which will give them good margins. Many new ventures are in remote areas, which demand expensive equipment and are more susceptible to delays.

Forecasts of non-OPEC supply growth, especially when the rebound in Russian production is stripped out, have consistently been overstated. Non-OPEC supply growth outside Russia before the price crash averaged more than one million bpd. Since then it has been negligible.

The increased cost of finding and developing non-OPEC oil has fueled speculators convictions that oil markets are a good long-term bet.

Lack of spare supply
The OPEC producer cartel has pushed its production to the highest level in 25 years in an effort to keep prices under control. This has left little spare capacity outside top world exporter Saudi Arabia.

The strain on the world supply system has left it more vulnerable to supply disruptions and increased the likelihood of price spikes. This has attracted further buying interest from hedge funds betting that prices could go even higher.

At the same time, the oil industry's stock cushion against sudden supply disruptions has eroded. Oil companies have sought to become more efficient and free up capital by holding lower stocks. A wave of mergers following 1998-1999's price crash also reduced the number of companies holding inventory.

Commercial crude inventories in the United States have fallen for the last eight weeks, in part due to disruption to oil operations from the spate of storms in the U.S. Gulf.

The inventory drawdown has fueled concern that refiners may struggle to build supplies of distillate fuel, including heating oil, for peak winter demand.

OPEC, which controls around half the world's exports, has in recent years worked hard to stop stocks building, especially in the United States, during periods of seasonally weak demand.

Ministers have announced plans to cut production before prices start to weaken, helping to create the conditions for a sustained price backwardation, pricing physical oil at a premium to future supplies.

This pricing structure gives refiners no chance to replenish stocks with lower-priced crude or products and forces them to buy at the last minute.

Political tensions in oil-producing nations
Political tensions in the Middle East and violence in Iraq have undermined traders' confidence in security of supply from the region, which pumps a third of the world's oil.

Iraqi exports have been repeatedly hit by sabotage attacks, keeping its supplies below pre-war volumes.

Traders fear Islamic militants could target oil infrastructure in OPEC's biggest producer Saudi Arabia. May's deadly attacks on foreign oil workers in the Saudi oil city of Khobar fostered fears of a larger attack on the kingdom's tightly-protected oil facilities.

Russian oil giant Yukos, which produces around 20 percent has repeatedly warned that it could be forced to cut production as the government pursues payment of multibillion dollar tax arrears. It has already trimmed exports to China.

Civil unrest in OPEC member Nigeria is another flashpoint. Rebels in the country's oil-rich Niger delta have threatened to attack oil facilities unless the military halts an offensive. Oil production in Venezuela, a big supplier to the United States, is still suffering the fall-out of the strike 18 months ago that cut capacity.

And concern is emerging over tensions between the United Nations and Iran over nuclear inspections. High oil prices could strengthen Iran's bargaining position if the issue comes to a head in coming months.

Supply security concerns have spurred many countries to increase strategic inventories, withdrawing supply from an already tight market.

The United States continues to fill its strategic petroleum reserve despite high prices. Other countries including India, South Korea, Taiwan and China are building reserves or plan to start soon.

The post-September 11 chill in relations between Saudi Arabia and the United States has raised concerns that Riyadh may no longer be willing to act as a guarantor of cheap oil as it did during the 1990s.

Refinery bottlenecks
Environmental regulations are pushing up the price of making fuel, forcing companies to build expensive new facilities and making it harder to ship supplies between regions.

U.S. gasoline demand is up in part because of the growing numbers of low-mileage-per-gallon sports utility vehicles on America's highways. The United States accounts for about 45 percent of world gasoline consumption.

U.S. gasoline demand drives a growing requirement for high-quality light, low-sulphur crude. China is competing for those grades of oil to meet demand for transportation fuels, lifting the price premium for low sulfur crude. Most of OPEC's crude is heavy and high-sulphur.

In the United States, individual states demand an array of different gasoline blends. This makes it harder to transport supplies between states and to import supplies from abroad.

Environmental regulations have made it more expensive to build new refineries, and much harder to get the necessary permits.
http://edition.cnn.com/2004/BUSINESS/09/28/oil.reasons.reut/

[Maverick]

whitehawk,

Quick run before the black helicopters swoop in for you!

[GRUNHERZ]

Originally posted by Maverick
whitehawk,

Quick run before the black helicopters swoop in for you!

We are trying Mavrick, but damn this one is slippery!!!

He must have acces to industrial grade aluminum foil, the thick kind they use in restaurants!!!! Its blocking our tracking signal!

[B17Skull12]

Kerry was right.

Bush has got his eye off the ball.

[rpm]

Ah, I see it so clearly now. It's China's fault Osama is still alive.

[Ripsnort]

Originally posted by rpm
Ah, I see it so clearly now. It's China's fault Osama is still alive.

Originally posted by WhiteHawk
 Face it.  Bush administration dont give a damm about Bin laden.  Pump the fricken Oil out of iraq, charge us 2.00 bucks a gallon for gas and haliburton rakes it in.    Lets hear the excuses.
 

[spitfiremkv]

rip, what's your point?

[DREDIOCK]

Originally posted by WhiteHawk B]<---Open for personal attacks [/B]

OK well since you said so..

Your ugly and your mamma dresses you funny:D

[SOB]

Originally posted by spitfiremkv
rip, what's your point?

He rarely has one, but he enjoys quoting things.  I think it's a hobby.  If you look, every so often whatever he's quoting makes a point.  In this case, it's just kind of a free flowing rant.

[rpm]

He's the love child of Karl Rove and Condoleezza Rice.

[lada]

bang bang fire fire

[Nilsen]

Ripley loves boating so he cant be all bad.

[icemaw]

If one of you all seeing all knowing people would just type out his grid I am sure Mr Bush would be happy to pay him a personal visit. Untill then your just farting in the wind. Or your just windbags. Either way I dont give a damn about what you think your intitled to. Oh wait wrong movie. Sorry about that.


P.S. your moms ugly and that dress your wearing just isnt you.

[GreenCloud]

Hanoi Kerry will save all of us.....

You know he shoudl be put in jail for treason in the year of 1971?

HANOI KERRY!!!! FOR PRESIDENT




















of France