Germany is on the USA's side of the oil business

Terrance lycidas2 at earthlink.net
Tue Oct 15 10:19:18 CDT 2002



Mark Wright AIA wrote:
> 
> "Texans" (meaning the owners of oil reserves) like it when oil is
> expensive, not when it is cheap. A government synthesizing corporate
> concerns probably wants oil prices stable but on the high side. Don't
> hold your breath waiting for $10 oil -- you won't last.
> Environmentalists shouldn't want it cheap either: burning oil ought to
> cost you plenty.

AND 

> 
> Looking at the big picture, perhaps the US's most advantageous
> long-term play is to buy oil from elsewhere while it is relatively
> inexpensive, raising the relative value of our own unconsumed reserves.
> Oil will one day soon (perhaps within 100 years? I don't know) become
> far too precious to burn. It will be a strategic mineral of sorts, like
> cobalt or chromium. With this in mind it is hard to see why Bush would
> want to drill for more of our own oil now, unless he wants the
> "short-end money" for his chums. We need a President with "the thousand
> yard stare" and we've got somebody looking no further than the end of
> his own arm.
> 
> Making a purely utilitarian self-interested argument, for discussion's
> sake, of course...
> 

OK with what you say, but (and I know I will accused of being a Bush
supporter here again, but the facts are the facts) Bush, unlike his
predecessors (with the exception of Bush I) has a long term plan. 

We have an energy problem. The ME is only a small piece in the puzzle.
And the ME conflict has more to do with WMD, Islam,  and water,  than
oil. Anyway, we have lots of energy. Canada is our number one supplier
and they are just loaded with it. Mexico is our second largest supplier
and they need to sell it. Not to mention Venezuela, our third largest
supplier. And Canada and Mexico are relatively stable as the world spins
into this ME mess. We need to build power plants. We need refineries. We
need pipelines.
Not sure we need to kill people in Colombia to protect our
pipelines...but...

 But where are we going to get the money? Why should Wall Street put
money in Energy? National Security? Low returns on investment don't make
patriots of  Bulls.  Clinton was good for the economy. The stupid
economy. Buy an SUV and get a blow job. Energy is cheap and we're on
easy street.  Years of relatively low oil, natural gas and electricity
prices drove money  away from energy companies and into Home Depot. Buy
a big TV and a tree. Drive and SUV. Get a blow job. Why should anyone
invest in energy companies when we all know they waste their money on
the  exploration and development of low-priced commodities? 

We have not built an oil refinery in the USA in over 17 years. And we
waited 25 years to built it after we built the previous one down in
Texas. 
So yes, oil prices need to be kept at a level that makes economic sense,
that drives SUV money into energy companies. $22 is a good price. Good
for Texas, California, Japan, Germany. But not for  greedy terrorists.
No, no. Not for SH. But he lost. OPEC lost.
So now, just as he burned the oil in Kuwait, he wants to use oil as a
weapon. But the USA will have none of it.   The US is not a nation in
decline. Sure, there is catch-up. The US can't stop the world from
getting the bomb. But it will cost them dearly. As it has cost India and
Pakistan. Talk about propaganda, how do those poor nations justify
building a WMD program?  And that's why they are bitter and angry and
full of molest, Otto. They are getting fucked by their own governments.
Oil, gas and electricity prices need to be kept relatively high in order
to support investment in pipelines, power plants, liquefied natural gas
plants and other infrastructure. That is Bush's plan. Look at his
administration. Try not to be too cynical, but look. These people know
oil. It's in their blood. And they know how to control the price and
supply of it and how to get money to drive away from Home Depot in an
SUV and into Energy companies.



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