Originally posted by ColdWizard
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European Militaries Don't Need US? Oh Really??
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Originally posted by Asher View PostMost do not own their own tanker fleets, post-Valdez. You sell it to whoever wants to come pick it up.
IIRC Chevron is the last big oil company to actually transport oil on tankers it owns.
Alberta makes money in royalties based off of the percentage of the price. If the prices goes up due to transportation cost, so does our cut.
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Originally posted by gribbler View PostIf the people who pick it up have higher costs, they will try to pass those costs on to consumers (by charging more for the oil) and producers (by paying them less for the oil). I don't see them deciding to give the oil producers more for their oil.
The production companies won't get more. The countries/provinces who get the royalties get more."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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Holy **** this thread ended up being embarrassing, didn't it?
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.
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Originally posted by loinburger View Post"Ended up"?
-Arriangrog want tank...Grog Want Tank... GROG WANT TANK!
The trick isn't to break some eggs to make an omelette, it's convincing the eggs to break themselves in order to aspire to omelettehood.
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The educated world has had the economics of exhaustible resources figured out since 1931. It's too bad that Asher isn't smart at anything non-computer-related. Even in hockey, his alleged specialty, he has to cheat to win the fantasy league."You're the biggest user of hindsight that I've ever known. Your favorite team, in any sport, is the one that just won. If you were a woman, you'd likely be a slut." - Slowwhand, to Imran
Eschewing silly games since December 4, 2005
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Is it not a silly game to have a post where not a word of it is true?"The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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Let's man up and use more precise terms.
It's liquid in the sense if you give 10 years and many billions of dollars, you can slush around oil anywhere in the world. That's true. Congratulations, you're right. It's a liquid commodity.
Now back in the real world, China wants to triple their intake of oil overnight. Can't happen.
US would need to replace their intake of oil by millions of barrels per day in the short term. Can't happen."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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Pipelines don't get created because the free market says it should.
Tankers don't multiply on the whim of economists.
I don't think any of you appreciate how much the oil market is limited by logistics and politics. It's why your naive free market claptrap is amusing."The issue is there are still many people out there that use religion as a crutch for bigotry and hate. Like Ben."
Ben Kenobi: "That means I'm doing something right. "
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