Tankers Attacked In Gulf: Price of Oil Up

#377
#377
carlos86 said:
This isn’t how free markets work but ok.
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If we truely had free markets, one thing that would happen is that it would not be the United States being responsible for making sure oil gets to market, it would be the oil producers in that region or the oil importers from that region working together to secure naval routes.
 
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#378
#378
carlos86 said:
This isn’t how free markets work but ok.
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We are the exceptional nation. If we have the license to project our military all over the globe and kill/bomb our way to protect the USD and oil prices, then why couldn't we alternatively go the more peaceful route of prohibiting domestically produced oil from leaving our market during a time of crisis? So what if we piss off some oil companies. Better to piss off oil companies than to go around killing and bombing in the sandbox or starving out people with sanctions in places like Iran or Venezuela.
 
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#379
#379
Rasputin_Vol said:
If we truely had free markets, one thing that would happen is that it would not be the United States being responsible for making sure oil gets to market, it would be the oil producers in that region or the oil importers from that region working together to secure naval routes.
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Just think of all those other "free market" producers as libs. They want somebody else to take care of all those other needs (like security) ... no responsibilities, no worries.
 
#380
#380
Rasputin_Vol said:
We are the exceptional nation. If we have the license to project our military all over the globe and kill/bomb our way to protect the USD and oil prices, then why couldn't we alternatively go the more peaceful route of prohibiting domestically produced oil from leaving our market during a time of crisis? So what if we piss off some oil companies. Better to piss off oil companies than to go around killing and bombing in the sandbox or starving out people with sanctions in places like Iran or Venezuela.
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Because doing so would harm the economy of the state Texas. Which I’m sure the CEO of Exxon Mobil and the Governor of Texas would have a few words about.
 
#381
#381
carlos86 said:
Because doing so would harm the economy of the state Texas. Which I’m sure the CEO of Exxon Mobil and the Governor of Texas would have a few words about.
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How would that harm the state of Texas? Again, the cost of drilling and refining domestically would not be impacted by events in the Middle East. They wouldn't be losing money.
 
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#382
#382
carlos86 said:
Because doing so would harm the economy of the state Texas. Which I’m sure the CEO of Exxon Mobil and the Governor of Texas would have a few words about.
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Its pretty shi^^y that we have people that would rather send troops halfway around the world and put the lives of American servicemen and the lives of ME civilians in jeopardy to stabilize oil prices instead of making the domestic oil producers and their executives take the hit...
 
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#383
#383
Rasputin_Vol said:
How would that harm the state of Texas? Again, the cost of drilling and refining domestically would not be impacted by events in the Middle East. They wouldn't be losing money.
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Exam along with the other 28 oil producing and exploration companies in the U.S. are multinational.

Exxon Mobil for example exports 70% of its oil. Of that 70% over half is produced in the U.S.
 
#384
#384
carlos86 said:
Exam along with the other 28 oil producing and exploration companies in the U.S. are multinational.

Exxon Mobil for example exports 70% of its oil. Of that 70% over half is produced in the U.S.
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And at the stroke of a pen (or behind the barrel of a gun), we could make them only sell domestically produced oil here during a time of crisis. It is our natural resource and it is a matter of national defense. We have far more of a case for taking control of our own natural resources as opposed to robbing the natural resources of a 3rd world country.

Again, it amazes me that you have no issue with maintaining the status quo, which puts lives in danger and violates the sovereignty of other nations by having us control their resources, yet you seem to have an issue with us minding our own business, controlling our own resources and going down a more nonviolent/warlike path. Lets not make these multinational (or national) companies take the hit. Lets put soldiers lives and civilians lives at risk in the sandbox.
 
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#385
#385
Rasputin_Vol said:
And at the stroke of a pen (or behind the barrel of a gun), we could make them only sell domestically produced oil here during a time of crisis. It is our natural resource and it is a matter of national defense. We have far more of a case for taking control of our own natural resources as opposed to robbing the natural resources of a 3rd world country.

Again, it amazes me that you have no issue with maintaining the status quo, which puts lives in danger and violates the sovereignty of other nations by having us control their resources, yet you seem to have an issue with us minding our own business, controlling our own resources and going down a more nonviolent/warlike path. Lets not make these multinational (or national) companies take the hit. Lets put soldiers lives and civilians lives at risk in the sandbox.
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It would go to the courts. The Supreme Court would rule against the Government because the Government already has a strategic oil reserves in case of national emergency. And if these companies take the hit the American people take the hit and it continues to snowball down hill.
 
#386
#386
carlos86 said:
It would go to the courts. The Supreme Court would rule against the Government because the Government already has a strategic oil reserves in case of national emergency. And if these companies take the hit the American people take the hit and it continues to snowball down hill.
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If it is a matter of national security, these clowns can find away to justify anything. What would be the case argued by the oil companies anyways?

And hell, you already mentioned that we have a strategic reserve. How is locking down all of our domestic production any different than a strategic reserve?
 
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#387
#387
Rasputin_Vol said:
If it is a matter of national security, these clowns can find away to justify anything. What would be the case argued by the oil companies anyways?

And hell, you already mentioned that we have a strategic reserve. How is locking down all of our domestic production any different than a strategic reserve?
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You cool with the government risking billions of dolllars in finding new fields and developing new tech? Hell do you think they even would?
 
#388
#388
carlos86 said:
It would go to the courts. The Supreme Court would rule against the Government because the Government already has a strategic oil reserves in case of national emergency. And if these companies take the hit the American people take the hit and it continues to snowball down hill.
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And also with regards to the Supreme Court, why haven't they stepped in to stop any of these unconstitutional wars in the ME where Congress never declared war?

So let me get this straight, we have to worry about the Supreme Court when it comes to a few companies losing out on an arbitrage opportunity, yet we have no need for Supreme Court intervention when military and civilian lives are being put on the line halfway around the world.
 
#389
#389
Rasputin_Vol said:
And also with regards to the Supreme Court, why haven't they stepped in to stop any of these unconstitutional wars in the ME where Congress never declared war?

So let me get this straight, we have to worry about the Supreme Court when it comes to a few companies losing out on an arbitrage opportunity, yet we have no need for Supreme Court intervention when military and civilian lives are being put on the line halfway around the world.
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So bring your law suit. What's stopping you?
 
#390
#390
carlos86 said:
It would go to the courts. The Supreme Court would rule against the Government because the Government already has a strategic oil reserves in case of national emergency. And if these companies take the hit the American people take the hit and it continues to snowball down hill.
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Congress could write a law banning the export of oil, if it wanted.
 
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#392
#392
Velo Vol said:
Congress could write a law banning the export of oil, if it wanted.
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And it would be stupid. I doubt fracking would be a thing without these companies spending tons of money to figure out crap like this. And without shale we aren’t in the position we are in now.
 
#397
#397
Rasputin_Vol said:
How would that harm the state of Texas? Again, the cost of drilling and refining domestically would not be impacted by events in the Middle East. They wouldn't be losing money.
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They might not have the extra cash to put gold horns on their Rolls hoods.
 
#398
#398
Rasputin_Vol said:
And at the stroke of a pen (or behind the barrel of a gun), we could make them only sell domestically produced oil here during a time of crisis. It is our natural resource and it is a matter of national defense. We have far more of a case for taking control of our own natural resources as opposed to robbing the natural resources of a 3rd world country.

Again, it amazes me that you have no issue with maintaining the status quo, which puts lives in danger and violates the sovereignty of other nations by having us control their resources, yet you seem to have an issue with us minding our own business, controlling our own resources and going down a more nonviolent/warlike path. Lets not make these multinational (or national) companies take the hit. Lets put soldiers lives and civilians lives at risk in the sandbox.
Click to expand...

Don't forget those ME countries formed cartels to pump up prices, and definitely put the me in "me first". I agree; let them pay for their own defense. They've soaked us enough for several lifetimes.
 
#400
#400
So we have strategic petroleum reserve stockpiles as well as enough domestic production to replenish those reserves were there to be a loss of imports that our refineries are tuned for better efficiency. As a business they can sell for top dollar why not their share holders expect them to. As a strategic natural resource we are self sufficient.
 
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