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<blockquote data-quote="wkmac" data-source="post: 346002" data-attributes="member: 2189"><p>I've seen other arguments related to Federal Reserve/US Gov't economic policy which I happen to believe does play a large factor although not the end all answer alone. The scary part in all of this is if prices continue ever higher, average folk will begin to fall towards Con. Waters slip of the tongue idea out of fear that they have no other recourse. IMO, it's a situation where chickens have continued to disappear from the henhouse and the surviving frightened chickens in a panic give all control to the Fox on the promise that he will fix the problem. The more probable real truth at the end of the day will show the real culprit to be a triangulation between gov't, the banking world and it's policy and the oil companies as well with some of what we see is a bit of the oil companies pushing back or pushing to get their way.</p><p></p><p>Oil for a number of years was super cheap ($10 to $30 a barrel) and by jacking the price out of sight, they can now bring back to $60 to $70 a barrel which would cut price at the pump probably over half but still just under $2 a gallon and people would think we've returned to the cheap gas days after facing $4 if not $5 a gal before this is over. We need to drill for our own as others here proposed but bringing this online will take a couple of years if not more. Back in the 1950's the British at the time tired to take Iraq oil offline in order to jack up world pricing as at the time they controlled alot of mideast oil. Much of the underpinning political unrest in the Mideast is fed today by the region being more studeous in remembering their own history unlike us here in the west. Seems taking Iraq oil offline has played it's game again!</p><p></p><p>Just for the sake of interest, you might take some time and study the history of Alaska oil and the entire ANWR region. It was actually first put aside in the 1920's for it's strategic purposes (I got that direct off the US Govt's own website) and the oil was not for common consumption, Then in the late 1970's, it was further codified by the Alaska Wilderness Act which was pushed by organizations like Sierra Club. AH-HA! Them ENVIRO-WACKO's you say? Well not quite. At the time, some of the largest financial contributors to these enviro-groups pushing to consolidate States lands into Federal control were none other than many of these evil oil companies we see today along with major timber business interests. These business persons knew that dealing with private property owners 1 on 1 would be risky, potentially less cost effective ie less profit as they would have to share more profit with the land owner and having all that land under one owner (federal gov't) would allow this a less costly approach to harvesting those resources.</p><p></p><p>Did anyone for one minute every consider the fact that we are in the middle of a squeeze play as 2 sides fight each other over a big doublecross?</p><p></p><p><img src="/community/styles/default/xenforo/smilies/FeltTip/surprised.png" class="smilie" loading="lazy" alt=":surprised:" title="Surprised :surprised:" data-shortname=":surprised:" /></p></blockquote><p></p>
[QUOTE="wkmac, post: 346002, member: 2189"] I've seen other arguments related to Federal Reserve/US Gov't economic policy which I happen to believe does play a large factor although not the end all answer alone. The scary part in all of this is if prices continue ever higher, average folk will begin to fall towards Con. Waters slip of the tongue idea out of fear that they have no other recourse. IMO, it's a situation where chickens have continued to disappear from the henhouse and the surviving frightened chickens in a panic give all control to the Fox on the promise that he will fix the problem. The more probable real truth at the end of the day will show the real culprit to be a triangulation between gov't, the banking world and it's policy and the oil companies as well with some of what we see is a bit of the oil companies pushing back or pushing to get their way. Oil for a number of years was super cheap ($10 to $30 a barrel) and by jacking the price out of sight, they can now bring back to $60 to $70 a barrel which would cut price at the pump probably over half but still just under $2 a gallon and people would think we've returned to the cheap gas days after facing $4 if not $5 a gal before this is over. We need to drill for our own as others here proposed but bringing this online will take a couple of years if not more. Back in the 1950's the British at the time tired to take Iraq oil offline in order to jack up world pricing as at the time they controlled alot of mideast oil. Much of the underpinning political unrest in the Mideast is fed today by the region being more studeous in remembering their own history unlike us here in the west. Seems taking Iraq oil offline has played it's game again! Just for the sake of interest, you might take some time and study the history of Alaska oil and the entire ANWR region. It was actually first put aside in the 1920's for it's strategic purposes (I got that direct off the US Govt's own website) and the oil was not for common consumption, Then in the late 1970's, it was further codified by the Alaska Wilderness Act which was pushed by organizations like Sierra Club. AH-HA! Them ENVIRO-WACKO's you say? Well not quite. At the time, some of the largest financial contributors to these enviro-groups pushing to consolidate States lands into Federal control were none other than many of these evil oil companies we see today along with major timber business interests. These business persons knew that dealing with private property owners 1 on 1 would be risky, potentially less cost effective ie less profit as they would have to share more profit with the land owner and having all that land under one owner (federal gov't) would allow this a less costly approach to harvesting those resources. Did anyone for one minute every consider the fact that we are in the middle of a squeeze play as 2 sides fight each other over a big doublecross? :surprised: [/QUOTE]
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