My thoughts on the oil crisis
Page 1 of 3 123 LastLast
Results 1 to 10 of 23

Thread: My thoughts on the oil crisis

  1. #1
    Join Date
    Jan 2008
    Location
    Florida Panhandle
    Posts
    3,096

    Exclamation My thoughts on the oil crisis

    Here is a solution to the Oil Crisis...
    Problem: OPEC sells oil for $141.74 a barrel yesterday.
    Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
    Solution: Sell grain for $100 a bushel.

    Can't afford it?
    Tough Nuts!
    Eat your oil!
    Then, maybe oil prices will come down to a reasonable figure again.

    Hunger is a powerful motivator!
    FESTUS
    IN OMNIA PARATUS

  2.   
  3. #2
    Works for me. If we quit giving away every thing to the rest of the world we would be better off. After we do that lests start drilling our own oil. I still think we still have a lot right here.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  4. Then they'll just buy grain from somewhere else.

    Free market - Wikipedia, the free encyclopedia

  5. #4

    Thumbs up

    Quote Originally Posted by bplv View Post
    Then they'll just buy grain from somewhere else.

    Free market - Wikipedia, the free encyclopedia
    Good. Then we can keep it here and feed our own people.
    By faith Noah,being warned of God of things not seen as yet, moved with fear,prepared an ark to the saving of his house;by the which he condemned the world,and became heir of the righteousness which is by faith Heb.11:7

  6. #5
    Lets make Jim Bean wiskey and run our cars happy.

  7. #6
    Join Date
    Dec 2007
    Posts
    1,437
    Quote Originally Posted by festus View Post
    Here is a solution to the Oil Crisis...
    Problem: OPEC sells oil for $141.74 a barrel yesterday.
    Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
    Solution: Sell grain for $100 a bushel.

    Can't afford it?
    Tough Nuts!
    Eat your oil!
    Then, maybe oil prices will come down to a reasonable figure again.

    Hunger is a powerful motivator!
    OPEC really doesn't have the ability to dial down the price of oil. It is mostly demand-driven and controlled by the market, although there are other contributing factors as well, like our weak dollar. If the Fed would raise interest rates, it would help to prevent inflation that might cause the price of oil to get even worse. Once demand maxes out supply, every 1% increase in demand causes a disproportionate increase in price, so things only get worse from there. We will probably not return for a while to the point of having any extra capacity in the system like we once did. Now if there's one hiccup, it's like getting kicked in the head.

    We could see $7/gallon in two years. Now would be a good time to get a professional license (insurance, real estate, etc) of some sort to provide extra income, cancel any unnecessary bills, and start saving money like a squirrel headed for winter.
    Last edited by toreskha; 06-28-2008 at 02:38 AM.
    Silent Running, by Mike and the Mechanics

  8. #7
    Quote Originally Posted by festus View Post
    Here is a solution to the Oil Crisis...
    Problem: OPEC sells oil for $141.74 a barrel yesterday.
    Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
    Solution: Sell grain for $100 a bushel.

    Can't afford it?
    Tough Nuts!
    Eat your oil!
    Then, maybe oil prices will come down to a reasonable figure again.

    Hunger is a powerful motivator!
    Festus,

    This has long been my concensus. Also, mark everything up. They like our Levi brand named jeans, make them 400.00 per pair. It applies to everything... Gas would drop the next day.

  9. #8
    There's really nothing to be done about this. Drilling in the US will make some companies rich, but will not effect the global market enough to bring prices down at all. Now, if we created a nationalized industry to drill, extract and refine US oil, and made that exclusively available in the US, that would be different. But OPEC would cry foul and kick us in the teeth.

    So we'll just have to tighten our belts and get more efficient. Demand increases, production flatlines, prices go up.

    I'm buying a scooter.
    Truth is mighty and will prevail. There is nothing the matter with this, except that it ain't so.

    -Mark Twain

  10. #9
    Join Date
    Jan 2008
    Location
    Florida Panhandle
    Posts
    3,096

    Exclamation Think again Ishi

    Quote Originally Posted by ishi View Post
    There's really nothing to be done about this. Drilling in the US will make some companies rich, but will not effect the global market enough to bring prices down at all. Now, if we created a nationalized industry to drill, extract and refine US oil, and made that exclusively available in the US, that would be different. But OPEC would cry foul and kick us in the teeth.

    So we'll just have to tighten our belts and get more efficient. Demand increases, production flatlines, prices go up.

    I'm buying a scooter.
    Drilling in the US will not only provide oil but jobs. Roughnecks, truckers, steel economic stimulus via more money = more toys.
    FESTUS
    IN OMNIA PARATUS

  11. #10

    Wink Wrong again old buddy!

    Quote Originally Posted by festus View Post
    Here is a solution to the Oil Crisis...
    Problem: OPEC sells oil for $141.74 a barrel yesterday.
    Problem: OPEC nations buy U.S. grain at $7 to $10 a bushel.
    Solution: Sell grain for $100 a bushel.

    Can't afford it?
    Tough Nuts!
    Eat your oil!
    Then, maybe oil prices will come down to a reasonable figure again.

    Hunger is a powerful motivator!
    Supply and demand - Wikipedia, the free encyclopedia

    We got ourselves into this mess when more than half the country decided they all needed SUVS or trucks when they could of gotten along just fine with a car. You had every soccer mom in America with a 15mpg fullsize 4WD SUV when they could have gotten a more effecient minivan. Fastforward a couple years and now the hybrids and compacts that used to be a trendy niche market is steadily becoming big seller. Of course there are other factors then just the truck/suv fad, but we sure didnt help the situation. Drilling in the U.S. isnt gonna fix the problem either, its only a band aid and like Ishi said it probably wont help as much as people wanna believe. We as a country need to be more effecient, take public transportation more in big cities, stop buying these gas guzzling trucks/suvs unless you absolutely need one, an invest in more alternative fuels.

Page 1 of 3 123 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Quantcast