I'm Canadian and wasn't around back then but I could swear Nixon was the president during the Arab oil embargo.Originally Posted by turbotroll
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I'm Canadian and wasn't around back then but I could swear Nixon was the president during the Arab oil embargo.
Anyone else see what the president of Bolivia nationalized all natural gas and energy from the private corporation (sent in the army and took everything over), I laughed my asss off, main purpose is to better the contry which is being screwed by the corporations through back door contracts during previous administrations, the corportation are allowed for renogotiation of contracts, but if they do not agree to something more reasonable the president of Bolivia (next to Brazil for those that need to know) well keep everyhting for himself. All speculation aside, I admire the guts this president has, he said it from day one of his campaign what he was going to do, and the private energy corporations laughed it off, now the jokes on them.
Oh man don't tell me that that stupid Bolivian assh0le isn't going to be costing you 2x as much at the pump in a month.
OK ya know, I am from the "developed" First World culture. Now in my culture, we have "contracts". And when we draw up a contract and all parties sign the contract, the contract is valid, and WE ABIDE BY THE TERMS OF THE CONTRACT.
Basically the "President" of Bolivia just went out and said "OK you oil companies, you leave now. Oil fields and all of your property here now belongs to me".
It reminds me of Africa and how frigging screwed up Africa is. You hear about what's going on in Uganda? The president said that all the cars with foreign plates are not paying road tax, so he had them all rounded up. A few Mercedes-Benz here, BMW there, and Land Cruisers. Don't tell me he took friggin UN aid trucks
I hear you Ron.
Today I heard that we already know of oil reserves in the USA hat are 4x what the Saudis have.
Add fuel from corn, biodiesel and etc. We'll be okay.
Now we just need to get rid of the subsidied to farmers NOT to grow corn and get them to grow it so I can get an Aero and run M85 it for my 300hp Swedish Sled.
Until then I'll work on the 524td to get it on bioD
mmm biopower
It was natural gas... so should be no impact at the pump, at least there is no blame game point the finger that way for the cost of gas, wait and see. The legal argument was made that because the contracts were backdoor and was essentialy illegal without the approval of the government as outlined, that the contracts are null and void. The difference in this "nationalism" is that the president is allowing the companies to make a deal, where as the traditional "nationalized" method just takes everything without regard.
Oh yeah another thing in the news, I hear some poor small country in Africa is/has been practicing genocide of a particular group of people, don't hear Bush jumpng all over that, oh wait thats right there is no oil there. OK thats enough OT, sorry.
True - Africa is just a complete mess.
There is no excuse for what is going on there.
It's not getting much attention because it's "contained" as if that should make any difference.
High oil costs bother you because you let it bother you. You were the one that decided to buy a vehicle that gets less than 23 MPG. As individuals, we all pay for your collective decisions because you guys jack up demand. I average 27 MPG in mixed driving, so I don't care much.
I really dislike Bush, but I agree that most of the given reasons are bunk. This is my more reasonable list for high gas prices:
1. Bush is responsible for the invasion of Iraq. There are worse dictators in Africa, so he didn't invade for humanitarian reasons. He pushed questionable intellegence as though it was solid fact. As we discussed in a Philosophy of Justice class 10 years ago, if you're launching a pre-emptive war, you better be darn certain about your info. The occupation has been poorly handled (not enough ground troops). As a result of insurgency and disorder since the war, oil production in Iraq is below pre-invasion levels.
2. Iran is going nuclear to power their country...which is chalk full of oil (why do they need Nuclear energy then?) It doesn't matter what Bush would do, this would cause confrontation with the AEC and the UN.
3. Nijer Delta instability. Note: Intentionally misspelled so I don't get banned for using a word that also means something terrible. Nigeria, the most corrupt nation on the earth according to most experts, has taken money from Shell in exchange for military assistance in displacing Niger Delta residents and protecting Shell's assetts. Well, after hundreds of deaths, the people have finally stood up to Shell and the government. Now oil productivity is nearing 0 from that region. It looks like good will prevail...until the government sends in massive death squads, then we get our cheaper oil again.
4. Retooling at refineries from MTBE additives to Ethanol. This costs money, which gets passed along to the consumer.
5. China's growing oil demand. In 5 years, this will really hit us hard. For now, it only hits us a little.
6. America's refusal to buy efficient vehicles. We are getting exactly what we deserve. Horrible public policy regarding fuel efficiency standards for SUVs+People buying vehicles without thinking about fuel efficiency = High prices. I don't really care, since my car gets 25-30 MPG, and my girlfriend's car (which we use for roadtrips) gets 29-34 MPG. High fuel costs bother you because you let it bother you when you decided to buy that SUV (instead of an efficient compact car or small sedan for you single folks, instead of an efficient full sized sedan for you married folks, instead of an efficient minivan or station wagon for you married with 2+ kids folks, and for you offroading, heavy towing people, well I understand your choice).
7. Horrible National Energy Policy. Cheney developed the nation's energy policy behind closed doors with coal and oil industry officials. The result is an energy policy that is coal and oil dependant. Hopefully the next president will have the vision to fund alternative energy sources.
Hey Turbotroll, many disagree with your statement about there being a competent guy in the White House. Take the right leaning Economist magazine. Interestingly enough, they addressed him as "The Incompetent" before the last election. 68% of America agrees about his incompetence. Oh, the ballooning national debt doesn't think he's competent, as do the insurgents in Iraq, as does the tax cut instituted during a costly war (first time in American History BTW), and as does the rest of the world. 35,000 dead Iraqi civilians and 2,000+ dead American troops would probably say Bush's strategy in Iraq could have been better.
That doesn't make any sense. If I got 100 MPG and suddenly I was paying twice or more for a gallon of gas I would still be pissed.
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