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What will be the next turn about the oil-prices?

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posted on Oct, 5 2004 @ 07:53 AM
What do you think will be the next turn of the US Government about the subject: controled oil-prices from the "Saudis"? What would Kerry do to get a better situation?

posted on Oct, 5 2004 @ 08:37 AM
Arabian arms of OPEC are at max production, they have surpassed Peak Oil Production. Venezuela has quite a bit and that is why CIA and NED are very active there. Nigeria is the worlds 3rd largest producer, however Al Queda is about to take that country over. Iraq has the second largest reserves but can only produce 1/3 of their capacity due to insurrection against foreign occupation. Russia has the largest known untapped reserves, but is in a Civil War with Chechnya that obstructs production.
The fact is Muslim Nations posses the worlds oil supplies and that is why we are deeply involved in a religious war, for survival!
China just completed a huge deal with Kyrgyzstan to build a pipeline and are negotiating one with Russia. And we are playing catch up [ketchup] as Connoco just acquired 7% of LUKOIL for 8 Billion plus the 18 Billion Carlyle gave Putin last year [as represented by G.H.B. and H. Kissinger]

Oil is going up, way up.


posted on Oct, 5 2004 @ 11:27 AM
I agree with tutukamen. There are too many variables for our country to control, no matter who the president is. We simply cannot control every country in the world, although we should get a prize for trying the hardest. The U.S. will always do their best to blame others for the problem. Islamic extremist, or civil war, or maybe a hurricane. The truth is that the demand for oil is rising and rising. I'm sure you've seen that China's demand is going through the roof. It's capitalism at it's best, supply and demand.

Less or equal amount of oil + increased demand = high prices.

posted on Oct, 6 2004 @ 04:32 AM
Thank you for your answers and excuse my broken English.

The time will come where the is oil so scarcely that it is priceless. A Swiss professor developed a kind KIT as alternative to the oil. Vegetable manufactured oil in diesel engines is usable. It was already the speech of engines those with hydrogen drives. Or engines with electric current to be propelled. Why aren't such alternatives revolutionized?

It is on the time to find new alternatives.

[edit on 6-10-2004 by scully]

posted on Oct, 6 2004 @ 05:01 AM
Its about time really isn't it. Its probably a good thing. The human species is one of the most industrious and innovative given MOTIVATION. UNmotivated, we remain, by and large, obese, lazy, self-obsessed, egocentric tossers. It'll be FUN. And, if you get off your cellulitic behinds NOW you too can be at the forefront of a new industry. Get out there and LEARN. Its a once in a millenial opportunity. Oil will be GONE by 2020.

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