According to Fox News.... - Page 2

ArkansasHunter · 01-04-2008, 06:57 AM

Where does the market come into play ? There the ones that cause the prices on futures, commoditys to be set, don't they ?

GDawg · 01-04-2008, 10:05 AM

Quote:

Originally Posted by ArkansasHunter

Where does the market come into play ? There the ones that cause the prices on futures, commoditys to be set, don't they ?

Yes... good point.

Like Wall Street there is a petroleum market that is basically controlled in the U.S. by something called "OPIS" and "Plattes". Most buying and selling is through this. But, like Wall Street, it is driven through "speculation". When the cost of a barrel of oil is up the price of purchasing also tends to go up because those that bought the "futures" at a lower price try to get as much money as possible. When an oil refinery shuts down for whatever reason, same thing. Sometimes the buyer ends up buying high but has to sell low because of various contracts with end-buyers (known as "ship-to"s.)

I worked for a company based in Denver called "TransMontaigne" TransMontaigne.com

I got to see first hand how most of the area east of the Mississippi obtained their oil. It's very interesting to say the least. It's all about supply and demand.

troy2000 · 01-04-2008, 10:06 AM

Quote:

Originally Posted by JBS

I'm just a little curious...If the camel jocks can charge $100 a barrel for oil, why can't we charge $100 a bushel for corn, wheat, soybeans etc...? The United States basically feeds the world (so to speak). I feel like we can play the same game as they're playing. I can get a bicycle...how long can they go on short rations. No other country in the world can come close to the US when it comes to food for the masses. As far as the big oil companies jacking us around, that may start to fix itself when King George II leaves office. At least I hope so. JMO

Because almost everyone has farm land, but not everyone has oil fields. If we raise the price enough on commodities, it'll be cheaper for them to go back to growing their own, or get it from another country besides the US.

JBS · 01-04-2008, 11:44 AM

Ain't a lot of farm land in Iraq, Afghanistan, Iran, Saudi Arabia, or any of those places. They sure won't be growing much, if any at all. What country or countries wouild they get it from, with the exception of maybe russia and that's a real slim maybe. The russians can barely feed themselves and china is in the same boat

But, as I said earlier, I'm certain that our elected officials are on top of all this. They probably have a viable solution in the works, as I type this. I have heard rumors of more than usual activity at Area 51. What better place to hold the top secret meetings required for this sort of national crisis? I'd even place odds on Emealia Earhart and Jimmy Hoffa attending some of these goings on.

SKS NOOB · 01-04-2008, 12:51 PM

Quote:

Originally Posted by JBS

Well, do you think the Arab refineries pay their Arab brothers $100 a barrel...Somehow, I don't believe so. But they don't have a problem charging us $100 a barrel. I've seen what fuel costs in Arabia and it ain't $3 a gallon by a long shot. It's their oil, so they can charge what they want to. So...it being our corn, wheat, soy beans etc...I reckon we can do the same. But, that's just my thoughts. We have competent people up there in Washington, DC that have surely thought all this out and made the best decisions for the American people. YEAH, RIGHT. I ain't no expert. JMO

Ya know, come to think of it, it might be a GREAT idea to put them in the same rough situation they are trying to put the U.S. in. Now to convince our Govt. of that. In fact, it might be WORSE for them. You can't eat gasoline. Also, Their farmlands aren't necessarily as good as ours even though they might have more land. That much I do know.

troy2000 · 01-04-2008, 01:58 PM

Quote:

Originally Posted by JBS

Ain't a lot of farm land in Iraq, Afghanistan, Iran, Saudi Arabia, or any of those places. They sure won't be growing much, if any at all. What country or countries wouild they get it from, with the exception of maybe russia and that's a real slim maybe. The russians can barely feed themselves and china is in the same boat
But, as I said earlier, I'm certain that our elected officials are on top of all this. They probably have a viable solution in the works, as I type this. I have heard rumors of more than usual activity at Area 51. What better place to hold the top secret meetings required for this sort of national crisis? I'd even place odds on Emealia Earhart and Jimmy Hoffa attending some of these goings on.

There's a lot of farmland in Iran, Iraq and Afghanistan. The only one you listed that might be short is Saudi Arabia, and I might even be wrong there.

Yes, our foodstuffs play a large part in the world. Are they anywhere near the potential weapon that oil is? No.

SKS NOOB · 01-04-2008, 02:12 PM

Farmers here in the US would have to jack up prices for their crops anyway because of the fuel prices goin up. Either that or they dont have to worry about it because alot of their equipment already runs off ethanol. I know for sure some farms have been using it for AT LEAST 20 or more years.

JBS · 01-04-2008, 08:12 PM

I so solly...You people will figure it all out, I'm sure so...Fuggit and all the rest of you.!!!!!

Seabeescotty · 01-04-2008, 08:31 PM

Hey JBS, we're just as smart as them oil gougers, but we're just a little bit nicer. And we do take care of ourselves, as in get some folks in office who are on our side, and not big money. Scotty

Rave · 01-04-2008, 09:19 PM

Quote:

Originally Posted by Seabeescotty

Hey JBS, we're just as smart as them oil gougers, but we're just a little bit nicer. And we do take care of ourselves, as in get some folks in office who are on our side, and not big money. Scotty

That would be nice for a change.

Seabeescotty · 01-04-2008, 10:18 PM

We all have to start thinking more of ourselves as Americans, rather than Dems or Reps. The folks up there have us at each others throats, and for what reason? It keeps them in power, controlling the strings of the purse that WE fill each year. I've heard too many stories of the porkbarrel spending that comes out of there to believe that any of them have our interests at heart. It's all about the power!

JBS · 01-05-2008, 12:09 AM

Quote:

Originally Posted by troy2000

There's a lot of farmland in Iran, Iraq and Afghanistan. The only one you listed that might be short is Saudi Arabia, and I might even be wrong there.
Yes, our foodstuffs play a large part in the world. Are they anywhere near the potential weapon that oil is? No.

Where exactly is all this "lot of farmland" you speak of. Sure, there is SOME farmland in all those shitholes, but not enough to feed the millions of people existing there. And contrary to your statement of Saudi Arabia maybe being the shortest on farmland, it has more than I've seen elsewhere over there. I'm sure not saying that I've seen it all, either. Just my little small part and I wasn't actually feasibility studies on crop yields at the time. Yeah, the Tigris and Euphrates valley is very lush, but it still ain't gonna feed all of them in Iraq, Iran and Saudi Arabia. Hell, the Iraqis got mighty hungry when sanctions alone were put on them. But, I guess, if they wanted to, they could grow their own food, somehow. People always seem to manage. This horse is beat to death.

ArkansasHunter · 01-05-2008, 12:58 PM

I think all those Arabs only know how to grow is Poppys.
Howdy cuzzin JB I wish you wuz here I got a young sow possum in the oven bakeing and it shor smells good.
If you'll tell me where you is hiding out I'll send you sum and a good mess of collard greens and cornbread.
A.H

troy2000 · 01-05-2008, 02:38 PM

Quote:

Originally Posted by JBS

Where exactly is all this "lot of farmland" you speak of. Sure, there is SOME farmland in all those shitholes, but not enough to feed the millions of people existing there. And contrary to your statement of Saudi Arabia maybe being the shortest on farmland, it has more than I've seen elsewhere over there. I'm sure not saying that I've seen it all, either. Just my little small part and I wasn't actually feasibility studies on crop yields at the time. Yeah, the Tigris and Euphrates valley is very lush, but it still ain't gonna feed all of them in Iraq, Iran and Saudi Arabia. Hell, the Iraqis got mighty hungry when sanctions alone were put on them. But, I guess, if they wanted to, they could grow their own food, somehow. People always seem to manage. This horse is beat to death.

I'm going to whip it one more time, JBS. According to the following Iraqi business website, Iraq is only using 28 percent of its arable land. I'm betting the percentages are about the same for Iran

And I'm not sure how Afghanistan got into the conversation to begin with; the last I heard, its oil production was zip, zero nada. So manipulating our food exports to them wouldn't help control the price of oil very much...

LawkSalih.Com - Iraq using 28% only of its arable land

SPOCAHP ANAR · 01-05-2008, 03:06 PM

Quote:

Originally Posted by Windwalker

You are right about the oil companies. They are only interested in making as much profit as they can.

God this gets old quick; do you really think those shoes you wear really cost 65$? Does an aspirin really cost 98 cents at the hospital? Did it really cost that plumber $45 for the parts to fix your toilet?

Windwalker · 01-05-2008, 07:27 PM

Spocahp Anar, my shoes are Indian moccasins and cost me about $6.00 a pair but I realize that businesses have to make a profit to stay in business but i feel the profits being shown by the oil companies are so excessive as to need regulation from the petroleum industry.

troy2000 · 01-06-2008, 10:45 AM

Quote:

Originally Posted by Windwalker

Spocahp Anar, my shoes are Indian moccasins and cost me about $6.00 a pair but I realize that businesses have to make a profit to stay in business but i feel the profits being shown by the oil companies are so excessive as to need regulation from the petroleum industry.

To a point, I can see the petroleum companies grabbing with both hands while they can. Exploration and development takes a lot of money, and they went through some lean years. What chaps my hide is the big tax breaks and incentives Bush and Co. handed them on top of those profits. Hello? They can't afford to spend some of those record profits instead? Their cash flow was so big last year they were seriously having trouble finding places to all the money.

GDawg · 01-06-2008, 12:24 PM

It's not just big oil that is gouging us. It's all big corporations. They cook the books and then give their Execs huge yearly bonuses while laying off the low paid American working man for cheaper labor in third world countries.

Seabeescotty · 01-06-2008, 12:40 PM

Man, I don't know what else to say other than,"I am Pi$$ed royally!" Scotty

Rave · 01-06-2008, 02:48 PM

Quote:

Originally Posted by Seabeescotty

Man, I don't know what else to say other than,"I am Pi$ royally!" Scotty

And with good reason! You are certainly not alone!

01-04-2008, 11:44 AM	#24
JBS Senior Member Join Date: Apr 2003 Posts: 761	Ain't a lot of farm land in Iraq, Afghanistan, Iran, Saudi Arabia, or any of those places. They sure won't be growing much, if any at all. What country or countries wouild they get it from, with the exception of maybe russia and that's a real slim maybe. The russians can barely feed themselves and china is in the same boat But, as I said earlier, I'm certain that our elected officials are on top of all this. They probably have a viable solution in the works, as I type this. I have heard rumors of more than usual activity at Area 51. What better place to hold the top secret meetings required for this sort of national crisis? I'd even place odds on Emealia Earhart and Jimmy Hoffa attending some of these goings on. Last edited by JBS; 01-04-2008 at 11:55 AM. Reason: Automerged Doublepost

01-04-2008, 08:31 PM	#29
Seabeescotty Senior Member Join Date: Dec 2007 Location: Jay, Oklahoma, God's country. Posts: 4,064 Images: 18 Blog Entries: 1	Hey JBS, we're just as smart as them oil gougers, but we're just a little bit nicer. And we do take care of ourselves, as in get some folks in office who are on our side, and not big money. Scotty __________________ Adapt, improvise, overcome.-Gysgt Highway, Heartbreak Ridge

01-04-2008, 10:18 PM	#31
Seabeescotty Senior Member Join Date: Dec 2007 Location: Jay, Oklahoma, God's country. Posts: 4,064 Images: 18 Blog Entries: 1	We all have to start thinking more of ourselves as Americans, rather than Dems or Reps. The folks up there have us at each others throats, and for what reason? It keeps them in power, controlling the strings of the purse that WE fill each year. I've heard too many stories of the porkbarrel spending that comes out of there to believe that any of them have our interests at heart. It's all about the power! __________________ Adapt, improvise, overcome.-Gysgt Highway, Heartbreak Ridge Last edited by Seabeescotty; 01-04-2008 at 10:19 PM. Reason: hit the wrong button

01-06-2008, 12:40 PM	#39
Seabeescotty Senior Member Join Date: Dec 2007 Location: Jay, Oklahoma, God's country. Posts: 4,064 Images: 18 Blog Entries: 1	Man, I don't know what else to say other than,"I am Pi$$ed royally!" Scotty __________________ Adapt, improvise, overcome.-Gysgt Highway, Heartbreak Ridge

01-04-2008, 06:57 AM	#21
ArkansasHunter Senior Member Join Date: Mar 2007 Location: South Arkansas Posts: 10,722	Where does the market come into play ? There the ones that cause the prices on futures, commoditys to be set, don't they ?

01-04-2008, 02:12 PM	#27
SKS NOOB Senior Member Join Date: Feb 2007 Location: Minnesotah Posts: 689	Farmers here in the US would have to jack up prices for their crops anyway because of the fuel prices goin up. Either that or they dont have to worry about it because alot of their equipment already runs off ethanol. I know for sure some farms have been using it for AT LEAST 20 or more years.

01-04-2008, 08:12 PM	#28
JBS Senior Member Join Date: Apr 2003 Posts: 761	I so solly...You people will figure it all out, I'm sure so...Fuggit and all the rest of you.!!!!!

01-05-2008, 12:58 PM	#33
ArkansasHunter Senior Member Join Date: Mar 2007 Location: South Arkansas Posts: 10,722	I think all those Arabs only know how to grow is Poppys. Howdy cuzzin JB I wish you wuz here I got a young sow possum in the oven bakeing and it shor smells good. If you'll tell me where you is hiding out I'll send you sum and a good mess of collard greens and cornbread. A.H

01-05-2008, 07:27 PM	#36
Windwalker Senior Member Join Date: Oct 2007 Location: Oklahoma Posts: 3,607	Spocahp Anar, my shoes are Indian moccasins and cost me about $6.00 a pair but I realize that businesses have to make a profit to stay in business but i feel the profits being shown by the oil companies are so excessive as to need regulation from the petroleum industry.

01-06-2008, 12:24 PM	#38
GDawg Senior Member Join Date: Dec 2007 Location: Not in Colorado... anymore... Posts: 919	It's not just big oil that is gouging us. It's all big corporations. They cook the books and then give their Execs huge yearly bonuses while laying off the low paid American working man for cheaper labor in third world countries.