A THOUGHT FOR THE DAY

OPEC sells oil for $136.00 a barrel.
OPEC nations buy U.S. grain at $7.00 a bushel.
Solution: Sell grain for $136.00 a bushel.
Can't buy it?

Tough ****. Eat your oil!
Ought to go well with a nice thick grilled filet of camel ass!!!

The guys actually drilling it out of the ground are still only getting $50-60 a barrel. They’ re very few oil refineries located in Middle East all the technology is controlled by western countries. Venezuela, Iraq, Nigeria and Iran actually import their oil they don't have the technology and resources to refine it. Pumping it out of the ground is the easy part. They ship it to Exxon, B.P. and shell to make gas or useable products out of oil who then ships it back to them. I am not defending any of these countries or their leaders, but this is part of why we are resented in these nations or have bad relations.

The Oil companies are the crooks, but honestly the economy and stock market is driving the price up as well. The economy is doing so bad that many investors are buying oil futures; that is what is driving up prices as of late. Growing demand in China and India due to rapidly developing segments of their huge populations is also to blame.

The problem is not going away your nuke em all philosophy is just red neck speak. Get a life there are huge food shortages in the world, because of ethanol which really is just a poltical irony is forced upon us. It takes more oil energy to make the corn than the ethanol produces. Food prices are going up and more people in the world are starving because of it.

ALL THE MONEY WASTED IN IRAQ COULD HAVE BEEN SPENT DEVELOPING CLEAN FUEL SOURCES TO GET US OUT OF THIS MESS AND CRETAE JOBS.

I HOPE YOU VOTE FOR MCAIN SO WE CAN COUNTINE TO BANG OUR HAND AGAINST A WALL.  J J J

 

http://www.ronpaul2008.com/issues/

What are you talking about Antimike?

The oil companies which get the oil out of the ground are BP, Shell, Chevron, and Conoco.
All of these oil companies sell their oil on the open market at current prices.
A lot of oil companies don’t refine oil into gas and only sell oil. I used the top companies as an example because they do.
The largest oil company in Saudi Arabia is listed below and they produce the oil from the ground and sell it on the open market as the rest.

Saudi Armco, the state-owned national oil company of Saudi Arabia, is the largest oil corporation in the world and the world's largest in terms of proven crude oil reserves and production [2]. Headquartered in Dhahran, Saudi Arabia, Saudi Aramco also operates the world's largest single hydrocarbon network, the Master Gas System. It was formerly known as just Aramco between the years of 1933-1988, an acronym for Arabian American Oil Company.
As of end 2006, its yearly production of only crude oil neared 3.4 billion barrels (540,000,000 m³) and it managed over 100 oil and gas fields in Saudi Arabia alone totaling at least 264 billion barrels (42,000,000,000 m³) of oil reserves and 253 quadrillion scf of gas reserves[3][4].
Among those fields fully owned by the company are the Ghawar Field, the world's largest field overall; the Safaniya Field, also the world's largest offshore; and the Shaybah Field, one of the world's largest of its kind[5].

Before the War oil was $28 a barrel

...Coincidence?