U.S. CitiesCity-Data Forum Index
Covid-19 Information Page
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-02-2012, 12:05 PM
 
Location: Planet Eaarth
8,955 posts, read 18,712,679 times
Reputation: 7193

Advertisements

Just follow the money..........

"With more than 60 per cent of the world’s proven oil and gas reserves located in the Middle East, this region is the ultimate key to continuing US global power. It was for this reason that the former US secretary of state James Baker candidly revealed in an interview on America’s PBS Frontline programme in mid-October 2001 that Washington would always be ready and willing, as a matter of national security, to go to war in order to protect its ally Saudi Arabia and the other oil-rich Arab allies. The despotic, dictatorial nature of these regimes is a virtue, not a vice, for guaranteed American oil supply and the continued dominance of the US dollar as the world’s reserve currency."


Washington Wired for War: Why Syria Could Spell World Catastrophe
Rate this post positively Reply With Quote Quick reply to this message

 
Old 08-02-2012, 12:15 PM
 
26,844 posts, read 34,359,452 times
Reputation: 24317
Apparently you missed the story on Dickenson ND and the Bakken formation. It is giving the middle east a run for their money.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 10:32 AM
 
10,854 posts, read 8,476,859 times
Reputation: 3121
Quote:
Originally Posted by SD4020 View Post
Apparently you missed the story on Dickenson ND and the Bakken formation. It is giving the middle east a run for their money.
That still doesn't change the fact the United States is still a net crude oil importer and will be for the foreseeable future.

Also Middle East oil isn't just about the United States' energy needs. Europe and Asia are heavily dependent on Middle East oil and they happen to be our global trading partners. If their energy security is threatened it poses a threat to the economic security of the United States. Economic security is national security.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 11:01 AM
 
Location: The North
5,575 posts, read 9,855,092 times
Reputation: 4905
Moderator cut: personal attacks To say well if a revolution works in Syria, a relatively poor country with few foreigners and little oil, then it will work in oil rich countries where the citizens are mostly well taken care of and the population has a large amount of foreign workers, is a huge leap of faith.

99% of the "articles" on the internet are garbage and bullcrap. If I wanted to find nonsense it is only one click away. Moderator cut: personal attacks

Last edited by Marka; 08-25-2012 at 07:05 AM..
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 11:54 AM
 
26,844 posts, read 34,359,452 times
Reputation: 24317
Quote:
Originally Posted by JazzyTallGuy View Post
That still doesn't change the fact the United States is still a net crude oil importer and will be for the foreseeable future.

Also Middle East oil isn't just about the United States' energy needs. Europe and Asia are heavily dependent on Middle East oil and they happen to be our global trading partners. If their energy security is threatened it poses a threat to the economic security of the United States. Economic security is national security.
We will be a net importer for the next 10 to 15 years if the forecasts hold true. The state of things in Europe for the past four years hasn't been all that good to start with. It could be argued that it has played a part in our ecomony. Syria and middle east is not sum of the whole when it comes our economy.

China was talking of buying canadian oil (from the oil sands.) If was in China and looking to buy, if I can buy from a stable county, with a solid economy and stable economy I'd be on that like a fly on stink.

Attention is paid to what the US imports, there is little talk of our exports. We ship shiploads of wheat, corn, soy, beef and hogs. It take more than oil to make the world function. People also need to eat.

The point I am attempting to make, we are able to use more of our own oil. Which will lessen the demand for middle east oil, which would play to Europe and Asia's advantage. While oil is a major part of the economy, it is not the sum of the whole. Which tends to deflate the OPs assertions of forthcoming doom.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 04:38 PM
 
Location: the Beaver State
6,466 posts, read 12,172,642 times
Reputation: 3551
How does an interview about going to war to protect countries WITH oil, have anything to do with going to war over a country that DOESN'T have oil?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 07:29 PM
 
3,335 posts, read 2,700,646 times
Reputation: 921
Quote:
Originally Posted by SD4020 View Post
Apparently you missed the story on Dickenson ND and the Bakken formation. It is giving the middle east a run for their money.
How do you account for the Dollar in that assessment. It's about how it's traded, as much as it is location.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 07:36 PM
 
3,335 posts, read 2,700,646 times
Reputation: 921
Quote:
Originally Posted by SD4020 View Post
We will be a net importer for the next 10 to 15 years if the forecasts hold true. The state of things in Europe for the past four years hasn't been all that good to start with. It could be argued that it has played a part in our ecomony. Syria and middle east is not sum of the whole when it comes our economy.

China was talking of buying canadian oil (from the oil sands.) If was in China and looking to buy, if I can buy from a stable county, with a solid economy and stable economy I'd be on that like a fly on stink.

Attention is paid to what the US imports, there is little talk of our exports. We ship shiploads of wheat, corn, soy, beef and hogs. It take more than oil to make the world function. People also need to eat.

The point I am attempting to make, we are able to use more of our own oil. Which will lessen the demand for middle east oil, which would play to Europe and Asia's advantage. While oil is a major part of the economy, it is not the sum of the whole. Which tends to deflate the OPs assertions of forthcoming doom.
NOT! in 2013. The drought and lack of feed will guarantee that we don't feed the world.

Have you seen the shipping lanes on Ole Miss? Water is dropping to critical levels. How will the brokers move this freight within the price point for the world?

Many will starve next year. Leaders will fall with increased food prices and lack there of.

Take away oil, and you don't have the volume that feeds the world. Combines and fertilizer don't exist without Oil.

Look at some charts of population growth via oil production, it tells an incredible tale.

Google Image Result for http://2.bp.blogspot.com/-R0JEz0rEfrs/Twy67kglxsI/AAAAAAAADs8/b-kyinTRrH4/s400/2%2Bpopulation%2Bvs%2Boil.png
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 09:35 PM
 
26,844 posts, read 34,359,452 times
Reputation: 24317
Quote:
Originally Posted by modeerf View Post
NOT! in 2013. The drought and lack of feed will guarantee that we don't feed the world.

Have you seen the shipping lanes on Ole Miss? Water is dropping to critical levels. How will the brokers move this freight within the price point for the world?

Many will starve next year. Leaders will fall with increased food prices and lack there of.

Take away oil, and you don't have the volume that feeds the world. Combines and fertilizer don't exist without Oil.

Look at some charts of population growth via oil production, it tells an incredible tale.

Google Image Result for http://2.bp.blogspot.com/-R0JEz0rEfrs/Twy67kglxsI/AAAAAAAADs8/b-kyinTRrH4/s400/2%2Bpopulation%2Bvs%2Boil.png
I am well aware of the drought. Are you aware there are other means of moving frieght besides the ol Mississippi? Also any estimates on how much grain is sitting in storage? Both on farm and off farm?
Rate this post positively Reply With Quote Quick reply to this message
 
Old 08-03-2012, 11:32 PM
 
3,335 posts, read 2,700,646 times
Reputation: 921
Quote:
Originally Posted by SD4020 View Post
I am well aware of the drought. Are you aware there are other means of moving frieght besides the ol Mississippi? Also any estimates on how much grain is sitting in storage? Both on farm and off farm?
Not as inexpensive as barge. The point is cost... food is going to inflate beyond the ability to purchase for many poor people. Which is what causes riots.

Historically speaking.

The U.S. sent huge exports this year, and is sitting on very little surplus when the current drought is taken into account. The big problem is that so much was planted this year. There will be a huge seed shortage. Also, commodity brokers have no obligation to the US, they sell to the highest bidder... China. Just like our Oil production.
http://www.wattagnet.com/US_feed,_gr..._for_2012.html

Russia is in it's 3rd year of drought and expected to harvest only 1/3 of what they harvested last year. Which was down due to epic fires and drought since 2010.

India stockpiled billions of bushels and let it rot, because the ministry failed to build the silo's in time to protect it from the monsoon season. It is filled with black mold.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top