Quote:
Originally Posted by tjts1
None of this is true.
|
Not within the us borders, why do you suppose we have such a huge interest in having some of our oil processed outside of the US?
You can't trust hard figures anymore, they are usually provided to prop up some interest. Economics and news are not hard facts like ecomodding.
Floating oil lake likely to curb future oil prices | Reuters most production oil stored at sea old but still correct
Is The Crude Oil Market Destined For A Crash By The Contango Trade Unwinding? | Daily Markets
World Energy Alternatives - News Room - Global News
Also does it make logical sense that the real cost of refining is going up while the industry has nearly tripled output and increased the usuable fraction of crude from the same plants due to production method improvements? That doesn't make much sense. It is possible that hard costs are increasing due to decreased demand but also unlikely.
As an example (one my father knows about well)... This is just as rediculous as first student telling its drivers that it can't pay raises because its loosing money, despite the fact that all fuel, maintenance and a fund gotten from the government to provide a raise to bus drivers are all paid for by government whatever amount they are. Also add in the fact they made a landfall profit in their foreign branch in excess of total inputs in that market and had a loss in the US market, but the profit in the foreign sector was 3 times greater than any losses in all other sectiors combined, odd eh? Accounting can make all sorts of strange things happen
Also we have been expanding storage off shore sometime, many boats are floating storage tanks and have been since our economic downturn, you have gotta read between the lines. Sachs/Morgan stanley couldn't have continued to withhold and manipulate our oil market (specifically fuel oil on the east) without the bailout money and without storage
Oil Prices
Globally real demand fell in 09 with reductions in output. Chinas real demand for crude is consistantly LOWER and continues to be so.
Asia Times Online :: Middle East News, Iraq, Iran current affairs
Crude Oil Prices Tumble Below $75 Per Barrel
Interesting they list an interview I liked at digg
Also this is interesting but not the paticular info I was looking for
Cheap Oil is Here to Stay; Forget "Peak Oil," We Now Have "Peak Demand," We'll Never Run Out | Benzinga.com
The Breakthrough Institute: Cap & Trade: An Outsourcing Extravaganza?
ECONOMICROT
oldies but goodies, things have only gotten worse
cryptogon.com Oil Under $40; More Oil Stored on Ships at Sea Than at Any Time in The Last twenty Years
all sorts of info from various sources legit and not stating oil to fall massively yet the price rebounds and everybody forgets that demand has not returned.
When one country says price is decreasing and supply expanding and at the same time another has news stating to the contrary which is correct?
Somebody is wrong.
Thats why when I read through I read through many different sources of info, there is a bit of truth in everyone but never the whole truth, if you go just by what you consider to be legit sources you may find yourself decieved since those sources now more than ever have a very specific agenda.
Cheers
Ryan