Quote:
Originally Posted by Tex
There is no good reason not to go full bore ahead in getting this oil production ramped up.
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There's one very good reason: it's another shot of crack.
Responses to some of others:
When OPEC ups production, they do it NOW.
Miniscule == miniscule compared to the overall current supply. Putting a twinkie on a shelf full of boxes and boxes of twinkies will not decrease the price of twinkies. Supply and demand. You have to increase supply by a marginal amount. US offshore drilling won't do it.
Perception of oil traders = what will affect their perception more than anything would be policy that would put them on notice: the big kahuna customer is leaving the market. All we're saying now is: give me more crack. You enact Gore's policy of ridding ourselves of oil by 2018 and the price of oil would PLUMMET. (Gore's off his rocker, but it proves the point.)
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"Now I say that I know the meaning of my life: 'To live for God, for my soul.' And this meaning, in spite of its clearness, is mysterious and marvelous. Such is the meaning of all existence." Levin, Anna Karenina, Part 8, Chapter 12
Last edited by Levin; 07-18-2008 at 05:03 AM.
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