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I will believe the Saudis don't see any upcoming problems with Ghawar when they cancel one of their projects due to low oil prices. If they continue to be full steam ahead with increasing their capacity then I think they are aware that Ghawar may not be as robust in 5 years time as they would like us to believe.

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Peakoil.com :: View topic - NewSpeak and Nopec Legislation . . .
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NewSpeak and Nopec Legislation . . .

 
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Cashmere
Light Sweet Crude
Light Sweet Crude


Joined: Mar 27, 2008
Posts: 1971

PostPosted: Fri Jun 06, 2008 7:58 pm    Post subject: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

This is the most disgraceful comment yet by a U.S. Congressperson regarding oil in the world . . .

Senator Herb Kohl wrote:
"Without this legislation, we are powerless to stop Opec from engaging in blatantly anti-competitive practices like collusion and price-fixing that leaves us at their mercy. If private companies engaged in such an international price-fixing conspiracy, it would be illegal. Nopec will give our government a crucial tool to combat the illegal actions of the Opec cartel."


From which state does this boob hail?

The intentional lie being wrapped up in this vitriolic language is that . . .

(sovereign control of resources)=(price fixing)

I shudder when I think of how the DSEs are going to start lining up behind this frighteningly poorly thought-out language.

It's now a race . . .


As a world, we are either going to . . .

1. Publicly acknowledge Peak Oil . . .
2. Or we are going to have a world war over imaginary production capacity.

Take your pick.
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Massive Human Dieoff must occur as a result of Peak Oil. Many more than half will die. It will occur everywhere, including where you live. If you fail to recognize this, then your odds of living move toward the "going to die" group.
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SILENTTODD
Intermediate Crude
Intermediate Crude


Joined: May 06, 2006
Posts: 873
Location: Tustin, CA

PostPosted: Fri Jun 06, 2008 9:49 pm    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

He's from Wisconsin. They don't have any oil there.
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yull
Heavy Crude
Heavy Crude


Joined: Jun 03, 2004
Posts: 127
Location: Great Britain

PostPosted: Sat Jun 07, 2008 1:43 am    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

It is OPEC's oil - it is in their countries, they own it. They can do what they want with it. They have no obligation to give it to us and should in the future they want to cut back on production to avoid over stressing their fields and preserve more oil for their future generations, who can blame them. Probably means catastrophe for us but hey.

I agree though, I can see World War III over this. It's easy to share equally in times of plenty, when times are scarce that doesn't tend happen. People will want the oil for themselves at the expense of other nations. Imagine China invading Saudi Arabia to secure all their oil production their economy, the US is hardly going to sit back.
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Twilight
Expert
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Joined: Mar 02, 2007
Posts: 3076
Location: UK

PostPosted: Sat Jun 07, 2008 2:59 am    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

It must sounds like petulant whining over there.

Got a problem with price? Use less. Simple.
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grampybone
Tar Sands
Tar Sands


Joined: May 31, 2008
Posts: 82

PostPosted: Sat Jun 07, 2008 5:05 am    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

Typical U.S. thinking. Lets demand more of another countries resource at their expense so we can maintain our wastefull lifestyle here in America. Lets threaten to sue OPEC for price colusion because it's not fair that they have a valuable resource that the whole world wants and is willing to pay more for it. How stupid.
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Cloud9
Light Sweet Crude
Light Sweet Crude


Joined: Jul 26, 2006
Posts: 1159

PostPosted: Sat Jun 07, 2008 5:49 am    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

A boob pandering to an ignorant public.
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wisconsin_cur
Moderator
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Joined: May 10, 2007
Posts: 3211

PostPosted: Sat Jun 07, 2008 7:10 am    Post subject: Re: NewSpeak and Nopec Legislation . . . Add User to Ignore List Reply with quote

And he is not that good of a senator on any account... if we could get a Republican worth anything to run against him (and I say this as a Dem... be it a "blue dog") I would be very happy to see him retire into obscurity.
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