Oil in America

[exUte]

Originally Posted by MikeWaters

high oil prices are our escape to both of these. Without the high prices, we will never develop new sources and conserve. Look at the dramatic shift away from SUVs and trucks. Americans are responding, and this will have effects for decades, what is going on right now.

about 4.3% this year, the prices would come down as well......at least if you believe the supply/demand horsecrap the oil companies are spewing.

[BYU71]

Originally Posted by MikeWaters

Their economies are less dependent on cheap oil than ours. Which is exactly what they were going for.

Americans are moving towards the European model of smaller cars, diesel engines etc.

Why? Would you subsidize gas to make it cheaper? Would you get rid of the gas tax?

I didn't think so.

All I know is their economies suck compared to ours. However, if we follow the European model we too might be able to someday have 10% plus unemployment and $10 a gallon gas and health care for everyone. Excellent for the elite and run of the mill for everyone else.

[MikeWaters]

Originally Posted by BYU71

All I know is their economies suck compared to ours. However, if we follow the European model we too might be able to someday have 10% plus unemployment and $10 a gallon gas and health care for everyone. Excellent for the elite and run of the mill for everyone else.

Just a quick glance:

http://www.hrmguide.co.uk/jobmarket/...employment.htm

Is 5.2% unemployment in 2006 bad?

Is a tremendously strong euro and a weak dollar bad?

Foreign countries and markets abandoning the dollar for the euro, is that bad for them?

For a financial guy, I think you are stuck in the 80s.

[BYU71]

Originally Posted by MikeWaters

Just a quick glance:

http://www.hrmguide.co.uk/jobmarket/...employment.htm

Is 5.2% unemployment in 2006 bad?

Is a tremendously strong euro and a weak dollar bad?

Foreign countries and markets abandoning the dollar for the euro, is that bad for them?

For a financial guy, I think you are stuck in the 80s.

LOL, find something current and then blast me. By the way I didn't mention the UK or Northern Ireland. Northern Ireland has abandoned most "European" economic taxing policies.

A lot of Europe is moving toward the US style of economics while we are moving to their old style.

[Indy Coug]

Originally Posted by BYU71

I know the high oil prices have helped the Europeans. They drive mainly small, economy cars. I think they only pay $10 a gallon, $5 of which is tax. The European economic model the dems are so in love with should help us down the road.

Europeans live in countries that take 45 minutes to drive across.

[Indy Coug]

Originally Posted by exUte

about 4.3% this year, the prices would come down as well......at least if you believe the supply/demand horsecrap the oil companies are spewing.

Only exUte would be stupid enough to think that supply and US demand is the sole driver of prices and doesn't include things like commodities trading speculation, currency devaluation, changes in the demand from countries other than the US and so forth.

[Tex]

Originally Posted by RC Vikings

Over thirty and he use to work for Exxon. Tex has really opened up here lately.

Late to the game, RC. I've mentioned my time at Exxon several times before today.

And I don't know where you're getting the "over thirty" part from.

Originally Posted by Ma'ake

Let's say we continue consumption at current levels, bigger & bigger SUVs, higher & higher speed limits, and more & more toys being of the internal combustion variety.

How would opening up all these oil fields resolve the issue of oil being a finite resource? Cheap oil is an addiction we're wrestling with as a nation, and as a planet. Peak Oil is a reality, whether it is today, 5 years from now or 30 years from now.

I say let the market drive it. If (repeat, if) we get to the point where oil is such a scarce resource that it drives up prices to untenable levels (different from the artificial inflation we're getting today), the market will find a solution for it.

Here's link from last year where I discuss it (I mention Exxon there too, RC).

http://cougarguard.com/forum/showpos...0&postcount=60

[creekster]

Originally Posted by BYU71

LOL, find something current and then blast me. By the way I didn't mention the UK or Northern Ireland. Northern Ireland has abandoned most "European" economic taxing policies.

A lot of Europe is moving toward the US style of economics while we are moving to their old style.

Northern Ireland is the UK. I think you mean Ireland and the UK.

[BYU71]

Originally Posted by MikeWaters

Just a quick glance:

http://www.hrmguide.co.uk/jobmarket/...employment.htm

Is 5.2% unemployment in 2006 bad?

Is a tremendously strong euro and a weak dollar bad?

Foreign countries and markets abandoning the dollar for the euro, is that bad for them?

For a financial guy, I think you are stuck in the 80s.

Stuck in the 80's? Well in case I was, I went and checked on unemployment rates now per Wikipedia.

Seems the European Countries I mentioned all have higher rates than we do. As a matter of fact so does the UK. This even after they have been moving toward less taxation.

Our unemployment rate is lower than all of theirs and yet the dems call our economy sick and the way to fix it is raise taxes??

Mike, when it comes to debating financial matters go find yourself a financial midget to do battle with so it will be a fair fight.

[BYU71]

Originally Posted by creekster

Northern Ireland is the UK. I think you mean Ireland and the UK.

Thanks, geography isn't my strong suit.