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7501. jexster - 5/22/2008 6:11:16 PM If I were you I'd start my summer travel now and not bother waiting for the SURGE in oil production that Bush didn't get
He got shat on from extreme height with deadly accuracy
It's been all over the news
On planet earth 7502. thoughtful - 5/22/2008 6:22:31 PM Hey Jex...didn't know if you saw this video of your buddy gavin talking about making san fran green. 7503. concerned - 5/22/2008 7:53:46 PM George W. Bush goes to Saudi Arabia to ask for oil production increase, gets what he wants on May 10.
What's the problem with that? 7504. jexster - 5/22/2008 8:37:56 PM Didn't happen
Not on this planet
Try googling the internets 7505. jexster - 5/22/2008 8:41:54 PM Got cataracts TD
Have some large type
Worried about the high cost of filling up? President Bush is on the case. Last Friday he arrived in Riyadh to urge King Abdullah, the leader of the world's largest petroleum producer, Saudi Arabia, to put more oil on the market.
At the sun-bleached airport, Bush was greeted with the Gulf's signature mix of garish oil wealth and tinpot amateurism.....
It was there, after much pomp and circumstance, that Bush made his request. And it was there that the King still said no.
What part of NO are you having trouble with 7506. jexster - 5/22/2008 8:48:22 PM And it was May 15 not May 10 when the King of Saudi Arabia told the so-called POTUS to fuck himself
RIYADH: With the price of oil hitting record highs, President George W. Bush used a private visit to King Abdullah's ranch here Friday to make a second attempt to persuade the Saudi government to increase oil production and was rebuffed yet again.
International Herald Tribune:Saudis rebuff Bush's request for more oil production
How humiliating
7507. jexster - 5/22/2008 8:49:12 PM And there George sat all broken hearted..
Tried to shit
Only farted
 7508. jexster - 5/22/2008 8:49:51 PM Thanks T'fill ..hadn't seen that...Man's running for Governator real hard and we're REAL green in SF
Mighty white of ya! 7509. jexster - 5/22/2008 8:55:22 PM Sorry sack of shit couldn't even appease his friends! 7510. concerned - 5/22/2008 9:28:10 PM The May 10th Saudi increase was thanks to GWB.
George W. Bush da man.
7511. jexster - 5/22/2008 9:40:21 PM I guess it's fine by you that Bush is humiliating America before the entire planet
That he is a Saudi Butt boy
But that is exactly the point 7512. alistairConnor - 5/22/2008 10:11:08 PM George W. Bush goes to Saudi Arabia to ask for oil production increase, gets what he wants on May 10.
Actually, the Saudis told him that they had just increased production by 300kbpd, explicitly saying that it wasn't because he asked them...
Saudi oil production has been declining since the beginning of the year when it topped out at just over 9mbpd. We'll see if there is any increase in May. 7513. concerned - 5/22/2008 10:38:04 PM Re. 7511 -
Strange you say that, since your boy is whining that he wants to suck the sphincters of the enemies of freedom from the inside.
If you think that's not going to flush respect for the US into the sewer, you're even loonier than I think you are. 7514. thoughtful - 5/22/2008 10:41:07 PM Re oil, 2 interesting pieces of data.
One is....check the doe energy information site and look at rig counts....it's nowhere near as high as it was in the 80s. How come?
2nd bit of data is there are apparently 9300 approved drilling permits outstanding that haven't been acted upon by the oil cos.
How come?
7515. thoughtful - 5/22/2008 10:43:07 PM oh yeah...let's not draw any rash conclusions about rig counts and the windfall profits tax...rig counts went up when the profits tax came on...perhaps the oil co's figured out then that they might as well actually put their profits to good use increasing supply since they weren't going to be enjoying the profits anyway with the tax on...
Nah! Can't be. 7516. alistairConnor - 5/22/2008 10:54:46 PM I don't understand a word of that, Tful. I imagine you're talking about the USA?
All of the rigs in the world are fully employed. Costs have escalated through the roof. All the easy oil is already being exploited. Lots of marginal fields, difficult and expensive to develop, slow to produce.
The world oil industry is running full steam, overheated. World oil production will probably increase, marginally, for another year. Or two. 7517. concerned - 5/22/2008 11:04:21 PM When you planning to pay up, AC? 7518. jexster - 5/23/2008 12:30:15 AM He didn't arrive until May 15th!
Let's be thankful he isn't trying to appease our enemies
Look what his dune coon buddies did to him!
Funny how Bin Laden, Bush and McBush all feed from the same trough isn't it 7519. alistairconnor - 5/23/2008 8:51:18 AM When you planning to pay up, AC?
We'll wait for the BP data. 7520. thoughtful - 5/23/2008 12:59:18 PM AC, what I'm suggesting is that high oil prices lead to increased exploration and production and so rig counts go up. They ran up like crazy in the 80s. But not this time around. Why?
The oil cos in the US say there's plenty of oil around but they're not allowed to drill it due to environmental concerns. But the data show there are at least in the US 9,300 permits issued for drilling activity that have not been acted upon.
Clearly the oil fields are less productive than in the past...the easy stuff has been found. But the less productive fields become viable as oil prices run up, as they have most recently. So why hasn't the activity???
The other big difference between the 80s and now is there was a windfall profits tax in effect then...not now.
See?
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