Oil price could double to $220 a barrel

[dreamdancer 0]

bit late now...

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The king of Saudi Arabia last night announced $36bn (£22bn) of extra benefits for his people in an attempt to stop the wave of Arab uprisings spreading to the world’s biggest oil exporter, as experts warned Brent crude could hit $220 a barrel.

King Abdullah’s support package offers to give 18m lower and middle-income Saudi’s inflation-busting pay rises, unemployment benefits and affordable housing.

The cash-rich Saudi government pledged to spend a total of $400bn by the end of 2014 to improve education, health care and the kingdom’s infrastructure.

Charles Robertson, an analyst at Renaissance Capital, said investors are very concerned about what might happen in Saudi Arabia’s oil rich Eastern Province, the home of the kingdom’s restless Shi’ite minority. The Saudis produce 11.6pc of world output, but a much higher share of exports.

“There is potential for serious tension, and not just among the Shia. High unemployment and the youth bulge means unrest could be country-wide. If Saudi Arabia or Iran are engulfed, we have a serious problem,” Mr Robertson said.

http://www.telegraph.co.uk/finance/financetopics/oilprices/8344421/Saudi-ruler-offers-36bn-to-stave-off-uprising-amid-warning-oil-price-could-double.html#

stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

[airdvr 210]

It's working so well for the EU he figured why not try it in the ME.

Please don't dent the planet.

Destinations by Roxanne

[Amazon 7]

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It's working so well for the EU he figured why not try it in the ME.

Who was it again that destabilized the LARGE Middle East Oil Producer last time to jump the oil prices from $20 to $100 so all those THOUSANDS of marginal wells that their buddies owned all across the Intermountain West suddenly became VERY VERY profitable??????

Oh thats ok...you love those guys

[airdvr 210]

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It's working so well for the EU he figured why not try it in the ME.

Who was it again that destabilized the LARGE Middle East Oil Producer last time to jump the oil prices from $20 to $100 so all those THOUSANDS of marginal wells that their buddies owned all across the Intermountain West suddenly became VERY VERY profitable??????

Oh thats ok...you love those guys

If you set aside your hated for a couple of minutes you'd see that I'm not talking about the price of a barrrel of oil, rather the government provided entitlement programs in an attempt to quell the masses.

Now back to your regularly scheduled Amazon Predictable Hatred program.

Please don't dent the planet.

Destinations by Roxanne

[Amazon 7]

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Quote

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It's working so well for the EU he figured why not try it in the ME.

Who was it again that destabilized the LARGE Middle East Oil Producer last time to jump the oil prices from $20 to $100 so all those THOUSANDS of marginal wells that their buddies owned all across the Intermountain West suddenly became VERY VERY profitable??????

Oh thats ok...you love those guys

If you set aside your hated for a couple of minutes you'd see that I'm not talking about the price of a barrrel of oil, rather the government provided entitlement programs in an attempt to quell the masses.

Now back to your regularly scheduled Amazon Predictable Hatred program.

Truth seems to REALLY upset the fringe right wing ... The big Bug Brain does tell his minions to think a thought.. and lo and behold.... no thought... no idea whatsoever

[JohnRich 4]

Isn't it funny how when a gallon of gas got to $3 under Pres. Bush, that made Bush personally responsible due to his oil buddy cronies, and he was the devil himself, but now that gas is at the same $3 level under Pres. Obama, you don't hear a peep from anyone in the media complaining about high gas prices? Things that make you go "Hmmm...".

[billvon 3,118]

> Oil price could double to $220 a barrel

Oil prices WILL double to $220 a barrel; the only question is when. Personally I hope it happens sooner rather than later. The sooner it happens, the sooner we will get serious about alternatives, and the more oil we'll be able to leave to later generations. (Who will need it; petroleum is an almost irreplaceable industrial feedstock, a fact often lost on those who see it as a fuel only.)

[Kennedy 0]

So by poor and middle class, does he mean more extortion money to radicals trying to fire up the way back machine, or is he going to try to take care of his constituents subjects this time?

So anyway, what do Saudi benefits have to do with causing the price of crude to double?

ps - kudos for posting something not on alternet or linked to from alternet. Keep up with those twelve steps. But it helps if you make your link actually work.

witty subliminal message
Guard your honor, let your reputation fall where it will, and outlast the bastards.
1*

[lawrocket 3]

It doesn't work that way, John. If it was bad it was because Dubya specifically caused it to happen.

My wife is hotter than your wife.

[airdvr 210]

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> Oil price could double to $220 a barrel

Oil prices WILL double to $220 a barrel; the only question is when. Personally I hope it happens sooner rather than later. The sooner it happens, the sooner we will get serious about alternatives, and the more oil we'll be able to leave to later generations. (Who will need it; petroleum is an almost irreplaceable industrial feedstock, a fact often lost on those who see it as a fuel only.)

What do you do for a living Bill? Because it can't have much to do with anything real if that's what you hope for.

Please don't dent the planet.

Destinations by Roxanne

[rehmwa 2]

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> Oil price could double to $220 a barrel

Oil prices WILL double to $220 a barrel; the only question is when. Personally I hope it happens sooner rather than later. The sooner it happens, the sooner we will get serious about alternatives, and the more oil we'll be able to leave to later generations. (Who will need it; petroleum is an almost irreplaceable industrial feedstock, a fact often lost on those who see it as a fuel only.)

What do you do for a living Bill? Because it can't have much to do with anything real if that's what you hope for.

Anyway, oil will never reach $220. We'll all die from global warming long before then.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[Channman 2]

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> Oil price could double to $220 a barrel

Oil prices WILL double to $220 a barrel; the only question is when. Personally I hope it happens sooner rather than later. The sooner it happens, the sooner we will get serious about alternatives, and the more oil we'll be able to leave to later generations. (Who will need it; petroleum is an almost irreplaceable industrial feedstock, a fact often lost on those who see it as a fuel only.)

What do you do for a living Bill? Because it can't have much to do with anything real if that's what you hope for.

He rides a bicycle, and lives in a Pop-Up.

[billvon 3,118]

>What do you do for a living Bill?

Design cellphones, power systems, chargers, things like that.

>Because it can't have much to do with anything real if that's what you
>hope for.

If only I made a living posting political opinions on the Net - then I'd understand the REAL WORLD. Instead I design things. Oh well.

[airdvr 210]

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>What do you do for a living Bill?

Design cellphones, power systems, chargers, things like that.

>Because it can't have much to do with anything real if that's what you
>hope for.

If only I made a living posting political opinions on the Net - then I'd understand the REAL WORLD. Instead I design things. Oh well.

\
Hmm...an engineer eh? You must be familiar with this old bit of humor.

http://www.dslreports.com/forum/r24526261-Humor-What-the-customer-asked-for

Anyways, funny how you should wish for hardships for poor people. I always thought you libs were against that kind of thing.

Please don't dent the planet.

Destinations by Roxanne

[billvon 3,118]

>Anyways, funny how you should wish for hardships for poor people.

Nice spin! Don't forget to mention how I must hate puppies.

[mnealtx 0]

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Nice spin! Don't forget to mention how I must hate puppies.

"If only I made a living posting political opinions on the Net - then I'd understand the REAL WORLD. Instead I design things. Oh well."

Irony score: Incalculable

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Arvoitus 1]

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> Oil price could double to $220 a barrel

Oil prices WILL double to $220 a barrel; the only question is when. Personally I hope it happens sooner rather than later. The sooner it happens, the sooner we will get serious about alternatives, and the more oil we'll be able to leave to later generations. (Who will need it; petroleum is an almost irreplaceable industrial feedstock, a fact often lost on those who see it as a fuel only.)

What do you do for a living Bill? Because it can't have much to do with anything real if that's what you hope for.

Anyway, oil will never reach $220. We'll all die from global warming long before then.

I have no idea how old you are or if your comment was made in jest, but 220$ barrel of oil will happen in your life time. And it won't be cause of politics or global warming induced craziness.

Your rights end where my feelings begin.

[hcsvader 1]

I wouldn't be complaining if it got to that price. Would just mean that there would be a shit load of work for people in the oil industry and wages would be really really good.

Bring it on! Vader needs a second rig and money for jump tickets

Have you seen my pants?
it"s a rough life, Livin' the dream
>:)

[wmw999 2,588]

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Anyways, funny how you should wish for hardships for poor people. I always thought you libs were against that kind of thing.

I think his point is that some hardship now, when there's a way around what we can't fix, is a whole lot better than hardship later, when there isn't enough oil to fix what we can't get around.

Works on a macro scale, but yes, it does hurt some individuals. As do lots of things that are necessary like vaccines.

Wendy P.

There is nothing more dangerous than breaking a basic safety rule and getting away with it. It removes fear of the consequences and builds false confidence. (tbrown)

[billvon 3,118]

>I have no idea how old you are or if your comment was made in jest, but
>220$ barrel of oil will happen in your life time.

I think he understands that; he was just getting another poke in at me.

[rehmwa 2]

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>I have no idea how old you are or if your comment was made in jest, but
>220$ barrel of oil will happen in your life time.

I think he understands that; he was just getting another poke in at me.

Silly BV - It wasn't a poke at you directly, it was a poke at the sky is falling mentality. Frankly, the only real thing I think about you is as a jump buddy if I ever get west. SC stuff is just entertainment.

But what is funny, is that he actually thought there was a possibility that my comment about us all dying off was a possibly serious response. I don't even think the worst of the enviro-fanatics are that far over the edge.

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[rehmwa 2]

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I have no idea how old you are or if your comment was made in jest, but 220$ barrel of oil will happen in your life time. And it won't be cause of politics or global warming induced craziness.

jest

if natural market forces drive it to that price, then so be it - that's how it should be

politics and global warming nutjobs, though, will attempt to drive that price up in an unnatural fashion - which I truly believe will STIFLE the evolution of alternate energy efficiency

if it does, then think of the money to be made with alternate energy technology developed as it should be

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[billvon 3,118]

>politics and global warming nutjobs, though, will attempt to drive that price up in an
>unnatural fashion - which I truly believe will STIFLE the evolution of alternate energy
>efficiency

Why do you think that?

[airdvr 210]

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I wouldn't be complaining if it got to that price. Would just mean that there would be a shit load of work for people in the oil industry and wages would be really really good.

Bring it on! Vader needs a second rig and money for jump tickets

Psst...the shitload of workers hired in the domestic oil industry would be a drop in the bucket compared to the tidal wave of business closings and inflation.

Please don't dent the planet.

Destinations by Roxanne

[CanuckInUSA 0]

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Psst...the shitload of workers hired in the domestic oil industry would be a drop in the bucket compared to the tidal wave of business closings and inflation.

$220/barrel oil would be good news to those of us living in Oilberta who do not rely on transportation to make our living. But $200/barrel oil would not be good news for the world economy. If you think food is expensive now, wait for the hyper inflation.

BTW ... the world's oil supply will eventually run out (so alternatives do need to be found). But contrary to what some people think, it won't be running out in our life times. There is enough oil still in the world for several more centuries. Here in Oilberta there is estimated to be enough oil to power the entire world (at today's production rates) for another 100 years and we are only one of many supplies. So oil will be here for at least 100 more years. It just may not be cheap oil.

Try not to worry about the things you have no control over