Originally posted by RFBurns
Asking government folks in the energy department for honest answers is like expecting them to magically fix an unfixable problem..which the energy situation is unfixable as long as we keep hooked to the oil drug IV.

Tell your friends in that government energy area that its time to move to the modern era and use hydrogen and other alternatives.

Were sick of being addicted..time to break the habbit.

Cheers!!!!

Yeah...at the SES level your first sentence is ever SO ever TRUE!!!!!!

Mine are worker-bees...that I have a good relationship with....


Please give me a few days, ok?

RF, glad you joined the discussion...I respect, your input you know...


Any take from you on the OP will help...if you have time?

OT

WE BOTH want to break the stangle, right?

T. Boone is on to something...!!!! And if the milieu is RIGHT...others will be motivated...and....HELP...that's what the enemy FEARS>>

PS: Do you know any economists that may help with the OP 'numbers'....OT was hypothesizing there...

[edit on 7-1-2009 by OldThinker]

Originally posted by Ant4AU
could be i may just be looking at it wrong and I am awaiting your opinions on the site.

[_im_]_imageurlhere_[_/im_]

Take out the underscores and your image should be in the post.

See, from link/website...still lookin from treo...

December 9, 2008 Release

last yr...


The next release in IN 09...the 13th of Jan.09....should be somewhat more up to date...right?

OT

Originally posted by Ant4AU
....and I am awaiting your opinions on the site.

The site is OFFICIAL!!!!

Great find Ant4AU....good work!

Give me a bit to see what's coming on the Jan 09 update...

Yes.. the current data is an 07 projection, at least where I reviewed...see...

...annual average WTI price is now projected to be $100 per barrel in 2008...

See language..."NOW PROJECTED TO BE, in 08"....these are predictions, still...

As I really find it hard to believe in the N W O is running the world.( Not as most people see it anyway) I don’t think it is anymore than the oil tycoons greed that effects the price raises on gas. I know I am only 26 but I can always remember gas spiking at a price no one liked and dropping back down before leveling at a new price higher than it started. The greedy raise prices high enough that we don’t mind the price that they leave it as much, because it was less than it peaked at.

If the 59 billion would have been available threw out the year it may of helped. It may of kept some businesses open. So there would be more consumerism. More flow of money. But over all I don’t think it would of helped much.

As far as the election goes. I think the whole Bush/Gore scandal proved that elections are a joke. We don’t have a decision in election. The fact that Oboma may or may not be an American citizen furthers the joke of democracy in America.

I think that the countries that supply the oil likes to go on power trips just to get more money for their oil. They get greed and threaten to stop supplies unless a new price is agreed upon. I know in individual cases, like the store owners they don’t make much money on gas, .02 .03 cents per gallon is what some of the store owners I know have told me, so it just goes back to the greed of the oil companies

These are only my opinions and the store owners might not of told me the truth but I will take their words for it.

I seen a site somewhere I don't remember but it said that in april of 08 we spent 34 bilion on gas. I rounded down to 30 billion and multiplied by 12

30 billion x 12 =
360 billion

So your numbers are not that far off. respectively

[edit on 8-1-2009 by Ant4AU]

OldThinker you ask a very thoughtful question:

1) Would the world have gone through the financial crisis if that 590 billion was available throughout the year?

In my view the root cause of the financial crisis wasn't the actual price of the oil, although the price of oil was a causal factor that contributed to the calamity seen in our banking institutions. Oil was simply the vehicle used by certain groups, investors, hedge funds, etc. to gain great wealth. This was but another example of total greed!

I think the price of oil was systematically manipulated to astronomical levels so those who bought credit derivatives (credit default swaps), betting on the credit markets, would reap huge wealth when oil prices got to the point where the average working man had to decide whether he would buy food and gasoline or keep the mortgage current. Many loan defaults were triggered by this.

The House and Senate should spend some time understanding how this scenario unfolded. Once the financial institutions were in trouble with loans going into default, the naked short selling of the financial institutions began. We used to be protected by the "up tick" rule, but our Senators thought that rule was no longer needed, and voted to eliminate it. There was a huge mismatch of talent here. The government was ill prepared to understand this scenario.

There is still little talk in the Beltway of investigating this sequence of events and fixing the root cause(s).

All in my humble opinion!

Originally posted by BigWally
OldThinker you ask a very thoughtful question:

1) Would the world have gone through the financial crisis if that 590 billion was available throughout the year?

In my view the root cause of the financial crisis wasn't the actual price of the oil, although the price of oil was a causal factor that contributed to the calamity seen in our banking institutions. Oil was simply the vehicle used by certain groups, investors, hedge funds, etc. to gain great wealth. This was but another example of total greed!

I think the price of oil was systematically manipulated to astronomical levels so those who bought credit derivatives (credit default swaps), betting on the credit markets, would reap huge wealth when oil prices got to the point where the average working man had to decide whether he would buy food and gasoline or keep the mortgage current. Many loan defaults were triggered by this.

The House and Senate should spend some time understanding how this scenario unfolded. Once the financial institutions were in trouble with loans going into default, the naked short selling of the financial institutions began. We used to be protected by the "up tick" rule, but our Senators thought that rule was no longer needed, and voted to eliminate it. There was a huge mismatch of talent here. The government was ill prepared to understand this scenario.

There is still little talk in the Beltway of investigating this sequence of events and fixing the root cause(s).

All in my humble opinion!

Thanks BW!

You've obviously thought a great deal about this, time wi l tell...any ideas on my original numbers?

OT