Craig

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Oil Prices in Steep Decline: Be Afraid, Be Very Afraid!

If hw wants to help out, he can pay off his deby before he leaves office. It's all about the weak dollar caused by massive public borowing. Price increases in oil and other dollar based commodities can be explained by the retarded guy in the WH. posted 07/23/2008 at 07:46:57

I have seen no information that suggests there is a supply problem. Everywhere I go in the US, anyone can buy all the fuel they want.

The problems I see are self-inflicted: A massive increase in pubic debt, and; An illegal invasion of an oil rich nation, causing an uncertainty about whether any other country will follow suit and invade an oil-rich country of their choice. Both these factors are the cause of the dollar-based commodity bubbles we are experiencing. posted 07/21/2008 at 12:51:08

Why McCain's "Drill Here, Drill Now" Proposal Fails the Supply/Demand Reality Check

One point, one question.

Existing leases are more throughly explored, closer to existing infrastructure, and can be developed quickly compared to frontier areas like the OCS (10-30 years). Consumers are paying a high enough that they don't care about profits or profit margins. Business as usual as profit maximizers is over for the time being in the domestic oil sector.

What would be the price of oil if the dollar strengthened 50% over the next 5 years? posted 06/27/2008 at 11:11:00

Wasteful Weapons and the Politicians Who Love Them

If taxpayers were presented options on how our federal fundswere spent , it would not amount to 40-60% (range of estimates for defense spending) for the military. In fact, I think most people would be shocked by this fact. It is the biggest entitlement program by far. Even though the Social Security program is miss-charcterized as an entitlement program, it is less than 10% of expenditures.

If we want ot grow our economy, be competitive, and at the same time lower taxes, we need to have an open and honest public debate about how to secure our national interests.

We could start by closing most of our international bases (Cold War posture) and relying on over the horizon rapid deployment forces, air craft carrier task forces, etc. posted 06/25/2008 at 13:44:23

It's Isolation Stupid! Why Pre-Election Plans to Attack Iran Will Only Backfire

How exactly is Iran or iraq a threat to our national security? Maybe I need to take up video games to understand better. posted 06/24/2008 at 09:10:53

Why Doesn't the Press Ever Talk About the Oil?

It is about the oil. The question is how do we pressure American oil companies to view Iraqi oil production as marginally economic.

Taxpayers need to be paid back for fuinding the invasion/occupation as was originally advertized. Before any long-term agreements are signed the Legislative Branch should establish a repayment schedule to recover the $800 billion and rising costs.

They might consider the highest of: gross revenues less cost plus 10%; or a 90% surtax on net revenues.

I'm afraid one of these outcomes will be reauired, otherwise taxpayers are left paying twice for the same oil. I also realize this is a very awkward topic, and the catalyst to begin a debate is not known unless somebody has an idea.\

Alternatively, these measures may make Iraqi oil deal unattractive, and I say who cares? posted 06/19/2008 at 13:27:43

Bush and McCain: Drilling us into a Deeper Hole

Add secondary recovery to the mix. Only 30% of oil is usually produced by conventional production, leaving 70% still in the ground. Consumers are paying a high enough price to not care at all how much it costs to produce it. Producers have an obligation (and are getting a tx break if I remember correctly) to extract as much of this oil as possible even if the margins are not as great.

Outer continental shelf and ANWAR reserves are not proven and therefore are speculative. Making a case for how much that oil, if it exists, would help in the long-term needs to be highly qualified. In other words, there may be no oil at all.

It would be interesting to compare the possible oil reserves for the 69 million acres mentioned already under lease, just so we have some comparison. posted 06/18/2008 at 15:31:48

How to Transform the US From a Debt to an Equity Economy

Don't forget, the biggest pig (entitlement or pork, whichever you prefer) in the room is the military. We spend 42% of every tax dollar on the military (versus less than 10% on Social Security). It will be very difficult to be competitive in the global markets until our military expenses are more in line with our competitors.

We could close most of our military bases around the world and make no difference in our national security. In fact the lower militarist profile may improve or national security significantly. posted 06/18/2008 at 12:08:21

McCain: End Offshore Drilling Ban

Awkward Problem Here. Iraqi oil produced on behalf of American interests belongs to American taxpayers until the cost ($800 billion and rising) of the invasion/occupation of iraq is paid back. If ExxonMobil and Chevron want to be cost plus (reimbursed at their coast plus 10%) suppliers to the taxpayers, our involvement in Iraq may work out. But this conflict needs to be worked out (in favor of taxpayers) before any long-term deals are signed in Iraq. posted 06/17/2008 at 19:44:51

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