Royal Dutch Shell on Thursday unveiled a 68% third- quarter profit, page 1
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reply posted on 27-10-2005 @ 09:22 AM by uknumpty
Skippy me ol' mucker. Guess who's in charge of US energy policies? Dick Cheney. And what's his take on increasing prices?


OPEC AND THE ECONOMIC CONQUEST OF IRAQ
Why Iraq Still sells its oil à la cartel
Twilight of the neocon gods



According to Morse, the switch to an OPEC-friendly policy for Iraq was driven by Dick Cheney himself. "The person who is most influential in running American energy policy is the Vice President," who, says Morse, "thinks that security begins by . . . letting prices follow wherever they may."




reply posted on 31-10-2005 @ 02:27 PM by StellarX
Originally posted by skippytjc
Originally posted by uknumpty
Skippy me ol' mucker. Guess who's in charge of US energy policies? Dick Cheney. And what's his take on increasing prices?


Don’t turn this into an "American" thing, this is global. The only people paying cheap gas prices are the OPEC nations and Iraq. The rest of us are getting the shaft, and all these reports of record profits are proof.

I EXPECT increased revenue or sales volume, but increased profit is just plain unacceptable during inflation blamed on supply.

And as the Bandit says: As long as we sit still and bend over, we will continue to get the high hard one.


Well the fact is Western society( Especially the US and Britain) benefits most by very high oil prices and if we are going to do anything about it we must investigate where to the money flows. I am sure you are familiar with how the world trade in oil happens primarily in the usd and how that enables the US to import up to 48% more than they export in dollar value... What makes this possible is the fact that they can endlessly print more and more usd as the demand for and price of oil increases. Millions of people all over the world are starving and dying while their goverments are forced to take dollar notes, for the goods their citizens produces simply so that they may be able to buy oil at ever higher prices.

I do not think it's at all fair to assume that in opec countries cheaper oil prices really makes much difference when their governments are still forced to pay for most of their imports with dollars( thus arming or otherwise subsidizing) since everyone else still needs dollars to pay for the oil they need. That's why most of the world is forced to keep the dollar as reserve currency and why there is such a huge demand for dollars on the market.

I am not going to add all the links i normally would as i am sure you are familiar with most of what i have said. I can however, as always, back what i say with as much evidence as you might want.

Anyways!

Stellar

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