OPEC can't and won't replace supply if Iran is attacked.

[spence]

Originally Posted by Rockport24

you know even if US companies got complete control of a lot of those oil fields in the middle east or drilled up a bunch offshore and in ANWAR, all the oil still goes into the global market for trade, so it's not like it would be directly beneficial to us as consumers, it would A LOT more beneficial to anyone who holds stock in oil companies though
the US would have to get to a point where ALL it's oil came from it's own resources so we could break away from the foreign market.
That would take more than just a few wars I imagine.

That's why many countries with large reserves have been nationalizing their resources.

-spence

[Rockport24]

hmmm interesting, you mean not putting their oil into the market? ohh nevermind, you mean like Venezuela? Unfortunately, even in the US did have the reserves I think it's a lost cause.

[zacs]

This is what happens when I don't fish for a month.....

I normally try to stay out of this stuff... and I am not an Obama supporter.

But what option do we have at this point? Who can support another 4 years of policy that even closely resembles what we have been going through for the past 8????

[Joe]

You think the economy is bad now - wait until people have to deal with heating bills this winter.

[Mr. Sandman]

Originally Posted by Joe

You think the economy is bad now - wait until people have to deal with heating bills this winter.

You are right... I think many can tough out the gas for the family car during the summer but heat in the winter is a must. A lot of families in up state NY, and through out Northern NE will freeze to death this year as burring $5+ oil is not an option for most. You will see make shift wood burning stoves light many a house on fire and people will indeed die.
They got what they wanted...high prices, panic and despair around the election. Congrats.

[likwid]

Originally Posted by Mr. Sandman

They got what they wanted...high prices, panic and despair around the election. Congrats.

Thank the speculators who keep driving it up out of greed.
Mostly wall street types in our own country.

[spence]

Originally Posted by Mr. Sandman

They got what they wanted...high prices, panic and despair around the election. Congrats.

Who's "they"...unless you mean...

THE LIBERALS?

I'm assuming you voted last election for President Bush? The ticket who claimed a vote for John Kerry would bring another terrorist attack? No panic and despair there, no sir eee bob.

Imagine if you will a US Government controlled only by the fair minded, tough handed and fiscally responsible Republican party...oh, I guess we had that for 4 years. In return we got bigger government, perhaps an unwinable war, trillions more in National debt and on and on.

-spence

[buckman]

I'm not on the side of attacking Iran, however... They do not have the ability to stop the flow of oil in that region. It would be suicide to try. We would crush them. And have a reason to do it. They are rattiling sabers and that just might get them a slap. Not to smart if you ask me. Iran is a threat to stability in the area.

[RIJIMMY]

Originally Posted by zacs

This is what happens when I don't fish for a month.....

I normally try to stay out of this stuff... and I am not an Obama supporter.

But what option do we have at this point? Who can support another 4 years of policy that even closely resembles what we have been going through for the past 8????

I have too much respect for you to see you get pulled into this......