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BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm

 
Anonymous Coward
User ID: 961536
United States
05/14/2010 01:19 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
welcome 2 ww3 there is not enough oil for everyone the only way for life to go on as it has in the u.s. is to stop other country's from growing.
 Quoting: Anonymous Coward 960248

dick rockon
Anonymous Coward
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05/14/2010 01:20 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
YEAH PEAK OIL!!!
Anonymous Coward
User ID: 903456
Netherlands
05/14/2010 01:25 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Honestly, i thought it already would have been over $100 permanently when it reached $140 even when demand would slow down.

I figure the whole reason for the Peak-Oil-scam is to counter the decline in Oil-prices.

But as always, things never go as fast as i think/hope, just like i expected that the Gold-price would have hit the $2000 by now, but that too is going sooo slowly.
Nailer45

User ID: 970502
United States
05/14/2010 01:31 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Honestly, i thought it already would have been over $100 permanently when it reached $140 even when demand would slow down.

I figure the whole reason for the Peak-Oil-scam is to counter the decline in Oil-prices.

But as always, things never go as fast as i think/hope, just like i expected that the Gold-price would have hit the $2000 by now, but that too is going sooo slowly.
 Quoting: Anonymous Coward 903456


PEAK OIL IS ONE BIG LIE!!


Why We Have Gas Prices That Are Breaking Our
Backs And Destroying Our Economy
By Joe Cortina
4-17-10

Everybody is somewhat familiar with the Alaskan oil fields and of course the much vaunted Alaska Pipeline ­ so lets start with some interesting facts. Lets start with some shockers. Only NINE years ago crude was actually less that $10 barrel.

[link to www.rense.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Nailer45

User ID: 970502
United States
05/14/2010 01:33 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Honestly, i thought it already would have been over $100 permanently when it reached $140 even when demand would slow down.

I figure the whole reason for the Peak-Oil-scam is to counter the decline in Oil-prices.

But as always, things never go as fast as i think/hope, just like i expected that the Gold-price would have hit the $2000 by now, but that too is going sooo slowly.
 Quoting: Anonymous Coward 903456



Light Crude 71.76 -3.55%

[link to money.cnn.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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05/14/2010 01:33 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Yeah right supply is up and demand globally is down.
Anonymous Coward
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05/14/2010 01:43 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Anonymous Coward
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05/14/2010 01:48 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
May 14 (Bloomberg) -- Billionaire Mukesh Ambani, who runs the world’s largest refining complex, said the petroleum industry must be ready for oil prices to rebound to $100 a barrel or more on growing consumption in Asia.

“We have to again be actively prepared to see a three- digit oil price”

Guess this speaks to how he got to be a billionaire.....
"actively" pursuing conflict of interest.
Sul-americano
User ID: 643866
Brazil
05/14/2010 01:51 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
I HOPE IT GOES TO US$$1.000, 00 and the gallon to US$50,00!!
My bicicle does't need any drop of oil!!!!!
5a 5a banana2 5a 5a
Anonymous Coward
User ID: 970609
United States
05/14/2010 02:03 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Dont believe it. When Chinas economy starts to tank, oil will too. China is USA about 2006.
 Quoting: Punk A$$ets

Smart people see the truth. You are right on.
The rest are like school of fish, you point and they run to that point. lol

Oil prices are going to crash. You can count on it.
Nailer45

User ID: 970502
United States
05/14/2010 04:49 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
I HOPE IT GOES TO US$$1.000, 00 and the gallon to US$50,00!!
My bicicle does't need any drop of oil!!!!!
5a 5a banana2 5a 5a
 Quoting: Sul-americano 643866



what do you oil the chain, bearings with? Oil is used in the process to make the tires, vinyl seat cover , handgrips, tubes, valve stems, the water bottles you drink from.

So you are more or less saying let oil prices go to $400 a barrel and then you will bitch when that bottle of water that used to cost $1.39 now costs $8.39 due to the increase in costs for materials it is made from.

Petroleum is used in so many manufactured items it would raise the price of consumer goods out of reach.

Last Edited by Nailer45 on 05/14/2010 04:51 PM
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Nailer45

User ID: 970502
United States
05/14/2010 04:54 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
I HOPE IT GOES TO US$$1.000, 00 and the gallon to US$50,00!!
My bicicle does't need any drop of oil!!!!!
5a 5a banana2 5a 5a
 Quoting: Sul-americano 643866



[link to www.ranken-energy.com]

A partial list of products made from Petroleum (144 of 6000 items)

One 42-gallon barrel of oil creates 19.4 gallons of gasoline. The rest (over half) is used to make things like:
Solvents
Diesel fuel
Motor Oil
Bearing Grease

Ink
Floor Wax
Ballpoint Pens
Football Cleats

Upholstery
Sweaters
Boats
Insecticides

Bicycle Tires
Sports Car Bodies
Nail Polish
Fishing lures

Dresses
Tires
Golf Bags
Perfumes

Cassettes
Dishwasher parts
Tool Boxes
Shoe Polish

Motorcycle Helmet
Caulking
Petroleum Jelly
Transparent Tape

CD Player
Faucet Washers
Antiseptics
Clothesline

Curtains
Food Preservatives
Basketballs
Soap

Vitamin Capsules
Antihistamines
Purses
Shoes

Dashboards
Cortisone
Deodorant
Footballs

Putty
Dyes
Panty Hose
Refrigerant

Percolators
Life Jackets
Rubbing Alcohol
Linings

Skis
TV Cabinets
Shag Rugs
Electrician's Tape

Tool Racks
Car Battery Cases
Epoxy
Paint

Mops
Slacks
Insect Repellent
Oil Filters

Umbrellas
Yarn
Fertilizers
Hair Coloring

Roofing
Toilet Seats
Fishing Rods
Lipstick

Denture Adhesive
Linoleum
Ice Cube Trays
Synthetic Rubber

Speakers
Plastic Wood
Electric Blankets
Glycerin

Tennis Rackets
Rubber Cement
Fishing Boots
Dice

Nylon Rope
Candles
Trash Bags
House Paint

Water Pipes
Hand Lotion
Roller Skates
Surf Boards

Shampoo
Wheels
Paint Rollers
Shower Curtains

Guitar Strings
Luggage
Aspirin
Safety Glasses

Antifreeze
Football Helmets
Awnings
Eyeglasses

Clothes
Toothbrushes
Ice Chests
Footballs

Combs
CD's & DVD's
Paint Brushes
Detergents

Vaporizers
Balloons
Sun Glasses
Tents

Heart Valves
Crayons
Parachutes
Telephones

Enamel
Pillows
Dishes
Cameras

Anesthetics
Artificial Turf
Artificial limbs
Bandages

Dentures
Model Cars
Folding Doors
Hair Curlers

Cold cream
Movie film
Soft Contact lenses
Drinking Cups

Fan Belts
Car Enamel
Shaving Cream
Ammonia

Refrigerators
Golf Balls
Toothpaste
Gasoline


Americans consume petroleum products at a rate of three-and-a-half gallons of oil and more than
250 cubic feet of natural gas per day each! But, as shown here petroleum is not just used for fuel.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
User ID: 793891
United States
05/14/2010 04:58 PM
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Re: BREAKING ON BLOOMBERG.... Ambani Says Refiners Must Prepare for $100 or more Oil as New Norm
Sounds like some one is long oil to me.

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