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My glass of oil

 
Q2
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User ID: 1340714
Canada
07/07/2011 03:55 AM
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My glass of oil
If all major economies are tanking why is the
Price of oil expensive... ? shouldn't it be cheaper
Anonymous Coward
User ID: 1457789
Canada
07/07/2011 03:57 AM
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Re: My glass of oil
No, because China and India are driving up demand.
Q2 (OP)

User ID: 1340714
Canada
07/07/2011 04:07 AM
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Re: My glass of oil
So we're told - consider that US is sitting on
All major oil producing land... that china India
Response still doesn't add up...price per barrel
Is low yet Northamerica gas pump prices continue
To go up....... Money laundering?
Anonymous Coward
User ID: 1457789
Canada
07/07/2011 04:10 AM
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Re: My glass of oil
So we're told - consider that US is sitting on
All major oil producing land... that china India
Response still doesn't add up...price per barrel
Is low yet Northamerica gas pump prices continue
To go up....... Money laundering?
 Quoting: Q2


I suppose that's possible...

But a lot of the oil that sits in the US would be very expensive to get to (read: Under the Rocky Mountains)...and there's no money for that right now.
humanitech
User ID: 1455415
United Kingdom
07/07/2011 05:53 PM
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Re: My glass of oil
If all major economies are tanking why is the
Price of oil expensive... ? shouldn't it be cheaper
 Quoting: Q2


the oil cartels and their stakeholder are milking the system, After all there's that sinister addage in every disaster there's an opportunity...sick but as history clearly show very true. Just check the historic banking families and their activities throughout europe and their evil duplicity.
"{
User ID: 1458840
Netherlands
07/07/2011 06:05 PM
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Re: My glass of oil
was it bad the riv ER pockets drying out slower then oil on waterfall lake pockets ?
Anonymous Coward
User ID: 1435371
United States
07/07/2011 06:11 PM
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Re: My glass of oil
So we're told - consider that US is sitting on
All major oil producing land... that china India
Response still doesn't add up...price per barrel
Is low yet Northamerica gas pump prices continue
To go up....... Money laundering?
 Quoting: Q2


I suppose that's possible...

But a lot of the oil that sits in the US would be very expensive to get to (read: Under the Rocky Mountains)...and there's no money for that right now.
 Quoting: Anonymous Coward 1457789


BS there are huge oil reserves in the Bakken Formation in north and south dakota and montana.
Monkeyfister

User ID: 1415588
United States
07/07/2011 06:57 PM
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Re: My glass of oil
So we're told - consider that US is sitting on
All major oil producing land... that china India
Response still doesn't add up...price per barrel
Is low yet Northamerica gas pump prices continue
To go up....... Money laundering?
 Quoting: Q2


I suppose that's possible...

But a lot of the oil that sits in the US would be very expensive to get to (read: Under the Rocky Mountains)...and there's no money for that right now.
 Quoting: Anonymous Coward 1457789


BS there are huge oil reserves in the Bakken Formation in north and south dakota and montana.
 Quoting: Anonymous Coward 1435371


The Bakken Formation is a mirage. Getting that oil is already proving too costly, and it requires almost as much energy to get it as is being produced. Right now, they are FRACKING the shale to get to the oil... that is not working out well, as the aquifers are ABOVE the shale formations, and fresh water is getting contaminated.

In Montana, and the Dakotas, the developers were planning for long-term production on most sites, but production is typically playing out within a year.

Bakken is a Paper Tiger-- not worth the effort.
"I'm the bride at every funeral, I'm the corpse at every wedding..." --Brother Theodore
... and don't blame me-- I voted for Bob Barr in 2008.
Only COWARDS hide behind anonymous Karma.

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