Oil Prices

[bigcountrysg]

Ok supposedly the USA is the biggest oil user in the world. So why can't WE tell the oil companies how much WE will pay for oil. IE hey exxon mobil WE will not buy your oil no more unless you sell it to us at 20 dollars a barrell. Something along the lines like that. WE use the most so we should get a bulk rate discount.

[Badfish740]

Originally Posted by bigcountrysg

Ok supposedly the USA is the biggest oil user in the world. So why can't WE tell the oil companies how much WE will pay for oil. IE hey exxon mobil WE will not buy your oil no more unless you sell it to us at 20 dollars a barrell. Something along the lines like that. WE use the most so we should get a bulk rate discount.

Great idea but they've got us by the big hairy ones.

US: "Ok, lower the price to $10.00 a barrel or else!"

EM: "Or else what?"

US: "We'll stop using your oil."

EM: "Have fun in the meantime..."

We'd have to bring the country to a grinding halt in order to make good on our threats. We just ain't trying hard enough. There's plenty of technology out there that could offset our oil usage a great deal. You know how we could get OPEC's attention real quick? Replace ALL diesel fuel, jet fuel, and heating oil in the U.S. with liquefied coal fuel (syngas) using our 800+year coal reserves. Just recently the Air Force certified a number of jets to run on syngas and plan to have every airframe certified for it by 2011. Imagine what that would do to the price of oil-might put a little dent in the demand I think.

[Lonno]

China is growing as the fastest oil consumer on the planet.

[Lonno]

Think of the incredible wealth the Saudis had getting $20 a barrel. Now imagine their wealth at $120 a barrel. Its disgusting. Plus the fact that the rest of their country will be in desperate poverty while they are living like Aladin.

[bigcountrysg]

Originally Posted by Badfish740

Great idea but they've got us by the big hairy ones.

US: "Ok, lower the price to $10.00 a barrel or else!"

EM: "Or else what?"

US: "We'll stop using your oil."

EM: "Have fun in the meantime..."

We'd have to bring the country to a grinding halt in order to make good on our threats. We just ain't trying hard enough. There's plenty of technology out there that could offset our oil usage a great deal. You know how we could get OPEC's attention real quick? Replace ALL diesel fuel, jet fuel, and heating oil in the U.S. with liquefied coal fuel (syngas) using our 800+year coal reserves. Just recently the Air Force certified a number of jets to run on syngas and plan to have every airframe certified for it by 2011. Imagine what that would do to the price of oil-might put a little dent in the demand I think.

I just wonder what do all these companies that collect wvo do with it. If I was one of them companies I would be making WVO Fuel and then selling it. If the country wants to go to bio fuels. It seems like they should spend more money on Bio diesel then ethanol gasoline. Why because you can make bio diesel dang near out of anything. Peanut oil, corn oil, soy bean oil, crude oil, recycled motor oil, I mean what can you not make diesel out of.

[bigcountrysg]

Originally Posted by dlonno

Think of the incredible wealth the Saudis had getting $20 a barrel. Now imagine their wealth at $120 a barrel. Its disgusting. Plus the fact that the rest of their country will be in desperate poverty while they are living like Aladin.

Exactly my point. I mean come on if they were making billions with the price down to the point diesel only cost 55 cents a gallon. They need to stop being greedy. I have a feeling there will be a WW3 and it will all be from the cost of oil.

[Lonno]

We might well be in a WWIII and nobody knows it. Times are changing now though as far as WVO is concerned. People who used to pay to have it picked up are now starting to sell their oil to the highest bidder. Its a race to try and lock up a source. I am running into it all over town here. I've even seen the business plans for these companies that have been operating under the radar. They get paid to pick up WVO. A potential fuel. And then turn it into bio and are selling it for more than #2. The next year or so will be interesting to see who the majority of the WVO hands it falls into.
Dave

We do tell the oil companies how much we will pay! Right now our government is telling them about $4.30 for diesel and $3.70 for gas!

[TexasR.N.]

Originally Posted by Jon

We do tell the oil companies how much we will pay! Right now our government is telling them about $4.30 for diesel and $3.70 for gas!

Point well made!
Craig

[Snowman66]

I feel like I'm working for the arebs.

Basfish, if that syngas is viable, I'm all for that. Tell us more about it, and what politico obsticles do we have to overcome