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Yep
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We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham Lincoln -
China needs oil, dude, and the world isn't going to find the same sort of cheap sources that exist in the ME just lying around
We're not going to run out of oil any time soon, but people are going to be able to charge more for it than they have in the past12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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I agree. Chinese are drinking that oil like Jon Miller and Krazyhorse at the TGI Friday's in Foggy Bottom DC.We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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I think the Indians are still lagging behind in their oil consumption, but also starting to drink it up also.We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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Why do physicists drink so much?
It's not the start of a joke. It's a real question. All the physics grad students I know drink like fish (except for the Chinese kids; I don't hang out with them)12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Maybe physicists use a part of their brain that gets overworked by all that crazy formulas, and that part of the brain overheats, and drinking is a way of putting ice on it to cool it down.We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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If Iran artifically limits the number of bidders for its products, why would those bidders bid more than they have to? They would bid the minimum they could get away with. Fewer bidders means lower bids.Originally posted by KrazyHorse
Why? It'll get preferential buys from the EU if it denominates in euros, which means (given the likely preponderance of euro versus US imports from Iran) that they'd actually get a slightly better price than they were getting before...“It is no use trying to 'see through' first principles. If you see through everything, then everything is transparent. But a wholly transparent world is an invisible world. To 'see through' all things is the same as not to see.”
― C.S. Lewis, The Abolition of ManComment
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and since they don't have the refining capacity to actually use the oil they'd have to turn around and sell it to us.Originally posted by pchang
If Iran artifically limits the number of bidders for its products, why would those bidders bid more than they have to? They would bid the minimum they could get away with. Fewer bidders means lower bids.Comment
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living on borrowed $ sucks arse anyway. All it means is that the US becomes a net exporter of capital rather than breaking even or being a net exporter of goods and services.Originally posted by Urban Ranger
If Euro replaces the USD as the standard global currency, nasty things can happen to the US, esp. with its ability to live on borrowed $.Comment
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Well I can't say I'll notice much difference apart from the fed no longer hiking interests rates.Originally posted by Ted Striker
We're already headed for another recession I think
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hydrogen will almost certainly require as much oil to produce economically as gasoline does. No other energy source for the generation of the hydrogen would likely be competitive or in the case of coal as environmentally friendly as using oil to generate the hydrogen.Originally posted by Mr. President
More than 40% of America's oil consumption is produced in America. Another 22% comes from Canada and Mexico.
Just another Asian writer waffling on the imminent doom of the U.S. without feeling the need to resort to facts or knowledge.
Once the hydrogen economy is economical those oil producing countries are going to feel really stupid. And so, coincidentally, is everybody who lives in this forum.
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energy independence,barring a massive advances, means gutting environmental rules. coal/shale to oil is dirty. its also going to mean not allowing the market to control the process.Comment
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Except in this case, the sellers have all the cards. They can reduce production, thus creating a situation where buyers will be forced to pay more.Originally posted by pchang
If Iran artifically limits the number of bidders for its products, why would those bidders bid more than they have to? They would bid the minimum they could get away with. Fewer bidders means lower bids.(\__/) 07/07/1937 - Never forget
(='.'=) "Claims demand evidence; extraordinary claims demand extraordinary evidence." -- Carl Sagan
(")_(") "Starting the fire from within."Comment
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only if countries with lots of excess production capacity like Saudi arabia don't take advantage of irans reduction in production to grab more market share for Saudi arabia without lowering prices.Originally posted by Urban Ranger
Except in this case, the sellers have all the cards. They can reduce production, thus creating a situation where buyers will be forced to pay more.Comment
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lets say the auto industry shapes up and goes with a alternative power source...lets say battery powered
IMO:
1. there is no infrastructure, cost passed onto consumer
2. there would be no common interchangeable battery type
(consumer gets hosed just like Plasma/LCD tv fiasco going on)
3. big money just changes from oil to battery
4. all batteries to be built in China?anti steam and proud of it
CDO ....its OCD in alpha order like it should beComment
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