New giant oil field found, time for a new war

quarterpast
quarterpast Posts: 185
edited April 2008 in A Moving Train
http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil

Wonder how quickly we'll start to buddy up to them.
rock bands may come and rock bands may go...
but rock n roll will live forever! - ray davies
Post edited by Unknown User on
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Comments

  • gabers
    gabers Posts: 2,787
    They discovered this several months ago. I wonder why it's just making news now.
  • gabers
    gabers Posts: 2,787
    quarterpast wrote:
    http://news.yahoo.com/s/ap/20080415/ap_on_re_la_am_ca/brazil_oil

    Wonder how quickly we'll start to buddy up to them.

    We're already pretty buddied up with Brazil. Maybe W will now designate them as a partner in our war of terror.
  • tybird
    tybird Posts: 17,388
    We need a war in the jungle like....we need another war in the desert. :rolleyes:
    All the world will be your enemy, Prince with a thousand enemies, and whenever they catch you, they will kill you. But first they must catch you, digger, listener, runner, prince with the swift warning. Be cunning and full of tricks and your people shall never be destroyed.
  • macgyver06
    macgyver06 Posts: 2,500
    you all think this is good news?
  • lazymoon13
    lazymoon13 Posts: 838
    macgyver06 wrote:
    you all think this is good news?
    yes this is excellent news.
  • macgyver06
    macgyver06 Posts: 2,500
    lazymoon13 wrote:
    yes this is excellent news.


    for whom
  • lazymoon13
    lazymoon13 Posts: 838
    macgyver06 wrote:
    for whom

    for you. and others.
  • macgyver06
    macgyver06 Posts: 2,500
    lazymoon13 wrote:
    for you. and others.


    ok
  • theroachman
    theroachman Posts: 362
    lazymoon13 wrote:
    yes this is excellent news.


    Yeah! Now we can still drive giant SUVs for an extra 10 years!

    Lazy is a fitting name for you
    I hate quotations. Tell me what you know.
    ~Ralph Waldo Emerson~

    The Tie-Dye Lady is HOT!!!
  • lazymoon13
    lazymoon13 Posts: 838
    theroachman wrote:
    Yeah! Now we can still drive giant SUVs for an extra 10 years!

    Lazy is a fitting name for you

    do you drive a car? and also, how does me thinking this is good news make me lazy? please explain. although my guess is you will run and hide. amazing the amount of unwarranted insults that get thrown around here. is everyone in high school on this board?
  • RolandTD20Kdrummer
    RolandTD20Kdrummer Posts: 13,066
    oil helps people enjoy laziness...
    Progress is not made by everyone joining some new fad,
    and reveling in it's loyalty. It's made by forming coalitions
    over specific principles, goals, and policies.

    http://i36.tinypic.com/66j31x.jpg

    (\__/)
    ( o.O)
    (")_(")
  • lazymoon13
    lazymoon13 Posts: 838
    RolandTD20Kdrummer wrote:
    oil helps people enjoy laziness...

    really how so? oil helps about 250,000,000+ Americans get to work. most with NO other option but driving. it also heats many peoples homes, again, with NO other option. so please tell me, how does it help people enjoy laziness?
  • macgyver06
    macgyver06 Posts: 2,500
    lazymoon13 wrote:
    really how so? oil helps about 250,000,000+ Americans get to work. most with NO other option but driving. it also heats many peoples homes, again, with NO other option. so please tell me, how does it help people enjoy laziness?


    lazy and ignorant.. good combo
  • lazymoon13
    lazymoon13 Posts: 838
    macgyver06 wrote:
    lazy and ignorant.. good combo

    do people only throw insults around here? care to explain?
  • SilverSeed
    SilverSeed Posts: 336
    lazymoon13 wrote:
    really how so? oil helps about 250,000,000+ Americans get to work. most with NO other option but driving. it also heats many peoples homes, again, with NO other option. so please tell me, how does it help people enjoy laziness?

    Yeah I heat my home with 87 octane... Open your eyes to the other options and you may see why people aren't so stoked on this. It's good for Brazil's economy, that's about it. Basically it will just help perpetuate our current situation. And if I remember correctly (as someone already pointed out, this is an old story) it's not the same type of crude as we get in say, Iraq. It needs more refining, the only reason they're going after it is that with today's prices it is more feasible to refine this type.
    When Jesus said "Love your enemies" he probably didn't mean kill them...

    "Sometimes I think I'd be better off dead. No, wait, not me, you." -Deep Toughts, Jack Handy
  • lazymoon13
    lazymoon13 Posts: 838
    SilverSeed wrote:
    Yeah I heat my home with 87 octane... Open your eyes to the other options and you may see why people aren't so stoked on this. It's good for Brazil's economy, that's about it. Basically it will just help perpetuate our current situation. And if I remember correctly (as someone already pointed out, this is an old story) it's not the same type of crude as we get in say, Iraq. It needs more refining, the only reason they're going after it is that with today's prices it is more feasible to refine this type.

    if this oil makes it to market, hopefully supplies will go up and bring prices down. even if its a little bit, it will help everyone. people are stretched to thin with gas and heating prices.
  • macgyver06
    macgyver06 Posts: 2,500
    lazymoon13 wrote:
    if this oil makes it to market, hopefully supplies will go up and bring prices down. even if its a little bit, it will help everyone. people are stretched to thin with gas and heating prices.


    you think oil prices are higher because there is a shortage?
  • lazymoon13
    lazymoon13 Posts: 838
    macgyver06 wrote:
    you think oil prices are higher because there is a shortage?

    there are many reasons why oil prices are high. supply/demand, OPEC, speculators.


    here is an article released minutes ago..

    http://news.yahoo.com/s/ap/20080415/ap_on_bi_ge/oil_prices

    NEW YORK - Crude oil prices rose to within a penny of $114 a barrel Tuesday, setting new records as concerns mounted about global supplies. U.S. retail gasoline and diesel prices also struck new highs.


    Traders honed in on a report by the International Energy Agency that said Russian oil production dropped this year for the first time in a decade. The report raised concerns about whether the key oil-producing nation will have enough supply to help feed growing global demand.

    "In an emotionally driven market like we've got now, it just doesn't take much in the way of a headline to prompt a psychological response," said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Ill.

    Light, sweet crude for May delivery rose as high as $113.99 a barrel for the first time on the New York Mercantile Exchange before settling at $113.79, up $2.03 from Monday's record settlement price of $111.76 a barrel.
  • macgyver06
    macgyver06 Posts: 2,500
    lazymoon13 wrote:
    there are many reasons why oil prices are high. supply/demand, OPEC, speculators.


    here is an article released minutes ago..

    http://news.yahoo.com/s/ap/20080415/ap_on_bi_ge/oil_prices

    NEW YORK - Crude oil prices rose to within a penny of $114 a barrel Tuesday, setting new records as concerns mounted about global supplies. U.S. retail gasoline and diesel prices also struck new highs.


    Traders honed in on a report by the International Energy Agency that said Russian oil production dropped this year for the first time in a decade. The report raised concerns about whether the key oil-producing nation will have enough supply to help feed growing global demand.

    "In an emotionally driven market like we've got now, it just doesn't take much in the way of a headline to prompt a psychological response," said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Ill.

    Light, sweet crude for May delivery rose as high as $113.99 a barrel for the first time on the New York Mercantile Exchange before settling at $113.79, up $2.03 from Monday's record settlement price of $111.76 a barrel.



    would you consider oil to be an elastic good?
  • lazymoon13
    lazymoon13 Posts: 838
    macgyver06 wrote:
    would you consider oil to be an elastic good?

    currently no. there are just too many cars on the road that use/need gasoline. and not enough feasible non-gasoline cars.

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