Bush to US on high oil costs ....Tough Sh*t

[cheferson]

CO2 level pre-industrial age- 280ppm
C02 last week- 379 ppm

Thats a pretty large increase in a short period of time, its gotta have some effect.

[RIROCKHOUND]

Yeah C02 is a concern....
There is a climate guy named Ruddiman who published a paper in May-ish 05, that said he could detect evidence of a human impact 8,000 years BP.. thats pretty amazing if it's true because it shows that the earth system may be much more sensitive than people previously thought....

[RIJIMMY]

Not a defense, but just some clarification. the market drives oil prices, not the oil companies. Oil companies keep huge supplies of oil barrels. The cost to produce them remains the same. If the price to produce them is $10 and a barrel is selling for $25, they have a profit of $15. If it is selling at $65, then profit is $55. hence the record profit. They basically do nothing, and make a ton more profit. Oil is a limited resource that scientists have been saying for decades is running down, world oil consumption has increased 10 fold in the past 5 years. A dramatic rise in price is to be expected.
The key is to find alernate fuels. Oil will be expensive for as long as we are around. It is not some profit drive conspiracy, as much as it is hurting the common man, it is hurting other businesses. Do you think CEOs of major corparations would be sitting back if they beleived the oil companies were shafting them?

[cheferson]

I cant even imagine what oil is gonna go for when china/india are fully industrialized!

[The Dad Fisherman]

Originally Posted by RIJIMMY

Not a defense, but just some clarification. the market drives oil prices, not the oil companies. Oil companies keep huge supplies of oil barrels. The cost to produce them remains the same. If the price to produce them is $10 and a barrel is selling for $25, they have a profit of $15. If it is selling at $65, then profit is $55. hence the record profit. They basically do nothing, and make a ton more profit. Oil is a limited resource that scientists have been saying for decades is running down, world oil consumption has increased 10 fold in the past 5 years. A dramatic rise in price is to be expected.
The key is to find alernate fuels. Oil will be expensive for as long as we are around. It is not some profit drive conspiracy, as much as it is hurting the common man, it is hurting other businesses. Do you think CEOs of major corparations would be sitting back if they beleived the oil companies were shafting them?

I think that more explains the Profit that the OPEC nations are getting from selling to the Exxons of the world. its the fact that the Exxons of the world are reporting "Record Profits" and not just for the company but EVER....No company has ever made that much profit in a quarter.

If Exxon buys a barrel of crude at $40 a barrell (which equals 42 Gallons) and they are charging us so much for a gallon of gas. Then the price of a Barrel goes up to $60 a barrel you would think that a gallon of gas should only go up by about .47 cents, I mean, under the same logic, it doesn't cost any more to refine it.....so why does it increase by almost twice that or more at the pumps.....and then oil Companies are Bragging about "Record Profits"

I'm no economics major so I'm just offering up my observations as I see them...but something just doesn't smell right.

[FishHawk]

Global warming is here in my opinion. We can bury our heads in the sand and hope it goes away but it won't . What made Katrina so dangerous was that the ocean temperature was two degrees above normal. This should have been a wake up call. FishHawk

[Back Beach]

Free market capitalism, gotta love it. If someone has a problem with a company's profits being too high the solution is simple: Become part owner of the company and buy some common. Computers in the 90's, now its housing and oil. If anyone figures out what's next, let me know.

[Duke41]

nothing effects so many people in a negative way than food and oil. People are deciding which are they going to have. This bull%$%$%$%$ to let whores like exxon and shell rape us and do nothing. Can you imagine living on 8/hr trying to fill you %$%$%$%$ box with 30 bucks of gas that take you 5 hours to earn. WTF people are being serously hurt buy this.

[MoroneSaxatilis]

So what was the deal with the "mini ice age" during the Middle Ages? Was it just an aberation in the Big Picture of overall climate change? I realize that the time that it lasted is barely a blip in geologic time scales.

[RIROCKHOUND]

MS;
If memory serves me the impacts of the LIA (Little Ice age) that was ~1400-1850 are well understood from historical accounts etc..
The causes are less clear. the last thing I had read on that was a while ago, and it basically had it narrowed to two forces; one would be volcanic eruptions; this would have put ash into the atmospehe which reduces the amount of solar energy getting to the surface of the earth. The second has to do with the actual variability of the solar output of the sun, which can vary.
The LIA was important because it shows again that small factors can induce change on the earth....
It is also less clear if this was world wide of it the LIA was confined to Europe/Western Asia....

[Raven]

you cant tell me there isnt global warming...

it used to be....that you could plant a second crop
in the latter half of august and take advantage of
the cooler temperatures in fall for the cole crops
that like cooler temperatures....

not last fall... to friggan hot...90 degrees
for almost all of september...at least where i live

no matter how much i watered it wasnt enough...
most everything bolted.... i finally said: frig this,,,
and i have never done that before..

it's getting to the point that i'll have to build a shade
cloth trellis to make 50% shade...
------------------------------------------------------------
the north and south poles ice,,,,,
are the earth's Air conditioners....

[Swimmer]

Why not just take them over? Turn the profits into larger public programs.

[Skitterpop]

Originally Posted by Duke41

Our great president was quoted in the Globe today as saying that the record 40 billion profit by Exon Mobil was market econimics and that we should not expect any action from the government. Tell that to my 94 year old grandmother whom I just paid her oil bill after visitng her and seeing that she had her heat set on 60 degrees. A lot of Americans are suffering needlessly under this bastard, thank God the US is having a mild winter so far. In my opinion Bush is most uncarring and rotten president in my life time. The US is taking a beating both domestically and especailly internationally under this moron. It is going to take a long time to clean up this mess.

Skip N must love you Duke

[Skip N]

Originally Posted by Indanite

Skip N must love you Duke

I love everyone

[Raven]

on high oil prices:

CA CHING ! $$$$