posted on Apr, 9 2005 @ 07:46 PM
I am very amazed at the lack of knowledge on part of the ATS audience when it comes to oil commodities. I have read through some of the posts here and
have to say WOW.
Venezuela makes up about 15% of oil supply to the U.S. The rest of our supply comes mainly from OPEC, Alaska, and the Gulf area (a measly 500,000 a
day) of Mexico.
After our success in taking the 2nd largest land mass oil field on the planet (Iraq) and establishing our pipeline through Afghanistan connecting the
U.S. from Asia to the Caspian Sea and our 40 year contract with Kazakhstan, Uzbekistan, Turkmenistan, I think we are in good position for the future.
Well not the citizens of the United States but the oil companies and their affiliates such as Halliburton and KBR. And you thought we were looking for
WMD's or maybe didn't like that guy named Sadaam who we put in power. Yes he was a very bad man just like all the bad men we have setup in power
since the 60's.
Has it ever registered that Chevron Texaco (did I say Texas?) is the American British oil conglomerate, which by the way, just purchased Unocal for
about 16 billion.
Running out of oil? Lets look at the current reserves shall we?
Strategic Petroleum Reserve Inventory for April 08, 2005
Sweet - 277.4 million bbls
Sour - 411.0 million bbls
Total - 688.4 million bbls
Royalty-in-Kind to be Delivered - 11.5 million bbls
Currently the U.S. consumes about 10 million barrels a day.
Saudi Arabia can produce up to 12 million barrels a day and boasts she'll be spitting out oil for the next 100 years. Their reserve is about 250
billion bbl - and not up for speculation. Ghawar, in the Persian Gulf, current proven reserves are 12% of the world's total. The field produces 5
mbd, which is 6.25% of the world's oil production. Running out soon? I don't think so. Asian continents such as Uzbekistan, and Kazakhstan former
Soviet occupied countries, are just entering the oil race.
So if we have all this oil why are the prices so high?
In U.S. corporate bids for oil through war and whatever means possible under the leadership of Cheney we have severely pissed off OPEC and Venezuela.
In fact President Chavez of Venezuela has had several attempts of assassination, not by us of course. We are currently in the process of staging coups
to oust him and have been for quite some time. Foreign countries are not as dumb as our leaders would have us believe. In fact maybe if Americans saw
news coverage of the major oil suppliers to the U.S., which we don't and will not, we might grasp the big picture of whats going on. Why don't you
ever hear of news in Venezuela when they account so much for our economy? Float that in your brain.
President Chavez has vowed to squeeze America's gas prices for Bush's tactics in conquering the oil market. Why don't we see this advertised on
CNN? Thats why your gas prices are so high, on top of the Muslims being pissed that we are trying to out do OPEC. On one hand they boast enough
production to run us daily on the other hand they cut production - get it? Doesn't take a genious to walk into your average gas station and realize
this ain't no American family running the show.
The oil companies such as Exxon, Halliburton and Chevron Texaco are seeing the greatest profits this century and their future directors, Bush and
Cheney family, are planning for enjoyable retirements. The American families are being screwed and will continue to be screwed for as long as the
Saudi's and Venezuelans have control over the minds of commodity brokers in the pit. This will be for some time as commodity trading is based off
surplus, or rather he who holds the largest contracts. Corporations are attempting to change the power of oil control to fuel the Chinese market and
maintain price regulation over our own economy regardless of the cost to American finances. However, the Saudi's, who were nomadic travelers just 100
years ago, have fueled the U.S. economy with black blood and will continue to do so. This year oil prices will dip. Sell short on a six month
Feel your gajolies being squeezed? Thank the republicans and thank them for spending our social security surplus on a B.S. war to gain more oil fields
that cause Americans to pay $2.40 at the pump. It's always been that irresponsible rich kids with power, lacking the knowledge of their fathers,
destroy lives just like Edsel Ford back in the 1930's. Doesn't matter that he was manipulated and sold, he's still responsible for the results.