Oil passes $55 a Barrel; Dow Sinks Below 9900

[Bronco_Beerslug]

Is there anything that will slow down Oil? With winter coming on this is going to be a real hard year for millions of Americans!

------------------------------------------------
Stocks Fall As Oil Climbs Past $55 Mark
By MICHAEL J. MARTINEZ, AP Business Writer

NEW YORK - Nervous investors sent stocks mostly lower Monday as a barrel of crude topped $55 per barrel, yet another record. Only the Nasdaq composite index posted a meager gain.

Wall Street's mood also fell as 3M Co. missed earnings expectations and lowered its full-year outlook, blaming the volatile global economy for lower revenues.
The price of oil has economy watchers worried, as global demand shows no signs of letting up as winter approaches. A barrel of light crude was quoted at $54.69, down 24 cents, on the New York Mercantile Exchange. Prices had surged to $55.33 in pre-opening trading.
http://story.news.yahoo.com/news?tmpl=story&cid=543&e=9&u=/ap/20041018/ap_on_bi_st_ma_re/wall_street

[Rascal]

Nope, you can expect the price of oil to continue rising. Thankfully I own a bunch of oil company stocks so they are going up and up. I'm going to sell some stock this week to get some granite counter tops after doubling my money.

If you are a bit of a gambler and have the money, now is the time to get some oil stock before the stock prices go through the roof.

Maybe now those **********s will realize we need alternative source of energy for our cars.

BUILD MORE NUCLEAR REACTORS!! We have the technology for hydrogen fuel cars, but we won't build it.

Hanging ourselves on our freaking rope.

[Nocturnal]

I need to REALLY look into alternate energy sources - and not hydrogen - or we are screwed. Honestly.

[Spider]

Nope, you can expect the price of oil to continue rising.

Maybe now those **********s will realize we need alternative source of energy for our cars.

BUILD MORE NUCLEAR REACTORS!! We have the technology for hydrogen fuel cars, but we won't build it.

Hanging ourselves on our freaking rope.
first thing you have said outside of Broncos football I agree with ........ Nnyah!

[Rascal]

Why not hydrogen? We have the technology for it as opposed to others?

[Rascal]

first thing you have said outside of Broncos football I agree with ........ Nnyah!

LOL!

[Spider]

one thing is for sure , Firewood seems to be a viable option , for heating this year ....

[Rascal]

I just bought two cords of firewood over the weekend. I live in Oklahoma so there is no way I will use all of it this year, at least I hope not, but I got a really good deal on it ($130 delivered).

[Nocturnal]

Why not hydrogen? We have the technology for it as opposed to others?

The Hydrogen Economy – Energy and Economic Black Hole (http://www.culturechange.org/alt_energy.htm#H)

FuturePundit: Hydrogen Not Good Short, Medium Term Form Of Fuel (http://www.futurepundit.com/archives/001501.html)

Hydrogen Is Energy Carrier, Not Source (http://www.physicstoday.org/vol-57/iss-6/p16c.html)

[Spider]

I just bought two cords of firewood over the weekend. I live in Oklahoma so there is no way I will use all of it this year, at least I hope not, but I got a really good deal on it ($130 delivered).
That is a good deal ... before I went and had gas put in my house , I would get my own Wood , Cutting , Chopping , Stacking ......... I would have paid a 130 a cord ;D
««««««««««««««« Is getting lazy ;D

[Rascal]

The Hydrogen Economy – Energy and Economic Black Hole (http://www.culturechange.org/alt_energy.htm#H)

FuturePundit: Hydrogen Not Good Short, Medium Term Form Of Fuel (http://www.futurepundit.com/archives/001501.html)

Hydrogen Is Energy Carrier, Not Source (http://www.physicstoday.org/vol-57/iss-6/p16c.html)

I couldn't open the middle one at work.

Yes I know hydrogen is a carrier of energy...which is why I said we need to build more nuclear reactors.

I'm not sure about the weight and storage problems of it though, I'll do some of my own research to find out about that.

I had heard of storage problems but they seemed to be relatively minor.

[Rascal]

That is a good deal ... before I went and had gas put in my house , I would get my own Wood , Cutting , Chopping , Stacking ......... I would have paid a 130 a cord ;D
««««««««««««««« Is getting lazy ;D

I don't think it's laziness Spider. I think it's called getting wiser and helping out small businesses :)

[TheDave]

The Hydrogen Economy – Energy and Economic Black Hole (http://www.culturechange.org/alt_energy.htm#H)

FuturePundit: Hydrogen Not Good Short, Medium Term Form Of Fuel (http://www.futurepundit.com/archives/001501.html)

Hydrogen Is Energy Carrier, Not Source (http://www.physicstoday.org/vol-57/iss-6/p16c.html)


These sources sited are pushing an overly simplistic opinion of how this technology could work. I admit it is far from perfect, but it's the best alternative at this time. Given enough time and money for research the generation side of things could be greatly improved upon. As for transportation and storage i don't see any issues there. I do agree that nuclear would be the best source of energy, but until they figure out how to jam one in my sedan fuel cells currently hold the most promise.

[Spider]

I don't think it's laziness Spider. I think it's called getting wiser and helping out small businesses :)
Hey Yeah thats it ;D ...........

[L.A. BRONCOS FAN]

Isn't it ironic?

Team Smirk & Sneer invaded Iraq in order to control what are arguably the world's largest (and possibly the last) reserves of easily-obtainable, cheap oil--and they can't even do that right.

But why should they? After all, the higher the price, the more profits for Smirk & Sneer and their cronies.

[L.A. BRONCOS FAN]

Nope, you can expect the price of oil to continue rising. Thankfully I own a bunch of oil company stocks so they are going up and up. I'm going to sell some stock this week to get some granite counter tops after doubling my money.

Reading this, you can only imagine the windfall Smirk and Dick and their cronies are receiving from higher oil prices as well.

Meanwhile, working and middle class Americans continue to take it in the tailpipe.

[W*GS]

Isn't it ironic?

Team Smirk & Sneer invaded Iraq in order to control what are arguably the world's largest (and possibly the last) reserves of easily-obtainable, cheap oil--and they can't even do that right.

Perish the thought that Bush had other intentions and goals in mind. Strange how the Iraqis are holding elections in January, isn't it, considering that it would be a lot easier for us just to annex the place and make it the 51st state, eh?

But why should they? After all, the higher the price, the more profits for Smirk & Sneer and their cronies.

On the other hand, pressures for more fossil fuel efficiencies and alternative sources of energy are increasing. Those suggest that high oil industry profits are short-lived. You can take that as either short-sightedness on Bush (and his cronies') part, or, just part of the grander scheme of Bush et.al. for global domination, eh?

[L.A. BRONCOS FAN]

Perish the thought that Bush had other intentions and goals in mind. Strange how the Iraqis are holding elections in January, isn't it, considering that it would be a lot easier for us just to annex the place and make it the 51st state, eh?

Why do defenders of the boy king (like W*GS) have such short memories?

Bush's original "intention" was to convince the American people that Iraq had WMD, was in cahoots with al Qaeda, was an imminent threat, etc. (See "mushroom cloud" references, etc.) Failing this, the Smirking Sociopath tried a new sales pitch: "We're going into Iraq to liberate the Iraqi people. It will be a cakewalk, and the people will be so happy to see us they will greet us with flowers. Oh, and we will be able to do it on the cheap, too. The oil will pay for the costs of rebuilding, etc. And, oh, BTW, forget what I said earlier about nation building."

And LMFAO @ the suggestion that the January "elections" will be legitimate in any sense. Team Smirk & Sneer can't even get elections right in their own country. And how is a hand-picked Bush/Halliburton puppet regime going to rule Iraq when the US, under Smirk's misleadership, has failed?

On the other hand, pressures for more fossil fuel efficiencies and alternative sources of energy are increasing. Those suggest that high oil industry profits are short-lived. You can take that as either short-sightedness on Bush (and his cronies') part, or, just part of the grander scheme of Bush et.al. for global domination, eh?

Short-sightedness and myopic focus on short-term gain are the hallmarks of robber barons like Smirk and Dick.

http://www.bartcop.com/snow-job.jpg

[Kaylore]

This Oil thing is the only thing that could end this election. Couldn't have worse (or better depending on who you're for) timing. Must be a Bush thing.

[L.A. BRONCOS FAN]

I doubt very much that record oil prices will do anything to sway bush's supporters.

Bush could show up on the 5:00 news eating barbecued babies and still bank their votes.

[Rascal]

I doubt very much that record oil prices will do anything to sway bush's supporters.

Bush could show up on the 5:00 news eating barbecued babies and still bank their votes.

If it was Kerry it would be the same way his supporters LABF.

It's pathetic how high and mighty we think we are compared to people in the opposing political spectrum. I'm sick and tired of this election and just wish the damn thing would get over. I'll be glad when we can quit with all the negativity and the divisiveness. Just because we disagree on politics doesn't make somebody any less of a person or of lower intelligence.

This last part wasn't addressed to LABF.

[Boogerboots]

one thing is for sure , Firewood seems to be a viable option , for heating this year ....

Funny how the only economically viable "alternative fuel" to the harmful effects of burning oil, is cutting down the only thing that helps reduce green house gasses, and that's TREES! But you can't blame most people for that cause we're being forced into such measures by these over-inflated oil prices.

My brother works on an offshore oil drilling vessel, it's one of those new boats that can drill and hold the crude oil like a tanker. He said to produce a barrel of crude by this means costs Petro Canada $3 a barrel!!! You can't tell me that processing that crude costs over $40 a barrel! We are being had and had big time.

Between governments making record revenues on oil and gas taxes and the oil companies making profit margins like a Nike plant in Indonesia, the consumer is the one that is figuratively and literally over the barrel on this issue. At this rate, the economy will bog down with the inflated energy and transportation costs, interest rates will rocket skyward and then we'll all be screwed.

Any government that states that he'll cut gas taxes would be a shoe in for election at the rate that these prices are going.

And I guess I'm duct taping my dogs on me for heat this winter :(

[Spider]

Funny how the only economically viable "alternative fuel" to the harmful effects of burning oil, is cutting down the only thing that helps reduce green house gasses, and that's TREES! But you can't blame most people for that cause we're being forced into such measures by these over-inflated oil prices.

My brother works on an offshore oil drilling vessel, it's one of those new boats that can drill and hold the crude oil like a tanker. He said to produce a barrel of crude by this means costs Petro Canada $3 a barrel!!! You can't tell me that processing that crude costs over $40 a barrel! We are being had and had big time.

Between governments making record revenues on oil and gas taxes and the oil companies making profit margins like a Nike plant in Indonesia, the consumer is the one that is figuratively and literally over the barrel on this issue. At this rate, the economy will bog down with the inflated energy and transportation costs, interest rates will rocket skyward and then we'll all be screwed.

Any government that states that he'll cut gas taxes would be a shoe in for election at the rate that these prices are going.

And I guess I'm duct taping my dogs on me for heat this winter :(
I understand what you are saying , Although I am still an advicate of "Thinning out " a forrest .....As you know I live in Wyoming , I have seen the damage first hand of fire in a poorly maintained wooded area .
Not to mention the spread of pine beatles ... I hate a clear cutting as much as the next guy , but dead decaying wood or diseased trees , should be removed ... So I dont see a problem with People burning wood that needs to go .........

[Rascal]

I agree with you there Spider about thinning out a forrest.

I was a firefighter for BLM several summers ago, and the forrests were so packed that it would take an act of God (ie rain) to slow these fires down. For so long the idea was to put a fire out as soon as possible neglecting that its nature's way of staying healthy.

We also dealt with that freaking pine beattle you mentioned. It would often wipe out an entire forest and we, BLM, couldn't do anything about it because of some freaking tree hugging liberals. Then when the forest is dead and their precious spotted owl has either died or moved away they bitch and moan about it. Not to mention the firehazard it causes by having an entire forest dead and decaying. A single spark would torch the entire mountain side and we has firefighters could do nothing but sit back, take pictures of it, and play poker with our hazard pay.

[Boogerboots]

I understand what you are saying , Although I am still an advicate of "Thinning out " a forrest .....As you know I live in Wyoming , I have seen the damage first hand of fire in a poorly maintained wooded area .
Not to mention the spread of pine beatles ... I hate a clear cutting as much as the next guy , but dead decaying wood or diseased trees , should be removed ... So I dont see a problem with People burning wood that needs to go .........

My only concern is if the practice gets more popular if oil prices keeps rising. It's not so much a concern in urban areas cause of municipal laws and all that crap. But I can see the majority of people that are using oil for heat in rural areas switching back to wood and if oil goes through the roof then could wood cutting go out of control??? thinning out is fine but if demand increases...

I can see that happening north of the border already. Hey, I cut a cord of wood or two in my day but I think that if more people are forced into wood burning it can have an adverse affect.

The Canadian "government" is still trying to implement the Kyoto (Totaly Useless) Accord and therefore is in favor of ramping up oil prices to curb pollution. But much like the American mid-west, much of Canada is sparsely populated and wood would be a more viable heating option but it's also not as clean burning as oil.

For those that advocate on cleaner heating options, this Kyoto Accord crap is only going to force things backward if more people burn wood. I got no problem with wood burning and I'm no environmentalist. Just looking at this from a common sense point of view.

[Spider]

I agree with you there Spider about thinning out a forrest.

I was a firefighter for BLM several summers ago, and the forrests were so packed that it would take an act of God (ie rain) to slow these fires down. For so long the idea was to put a fire out as soon as possible neglecting that its nature's way of staying healthy.

We also dealt with that freaking pine beattle you mentioned. It would often wipe out an entire forest and we, BLM, couldn't do anything about it because of some freaking tree hugging liberals. Then when the forest is dead and their precious spotted owl has either died or moved away they bitch and moan about it. Not to mention the firehazard it causes by having an entire forest dead and decaying. A single spark would torch the entire mountain side and we has firefighters could do nothing but sit back, take pictures of it, and play poker with our hazard pay.
it is devestating .......







My only concern is if the practice gets more popular if oil prices keeps rising. It's not so much a concern in urban areas cause of municipal laws and all that crap. But I can see the majority of people that are using oil for heat in rural areas switching back to wood and if oil goes through the roof then could wood cutting go out of control??? thinning out is fine but if demand increases...

I can see that happening north of the border already. Hey, I cut a cord of wood or two in my day but I think that if more people are forced into wood burning it can have an adverse affect.

The Canadian "government" is still trying to implement the Kyoto (Totaly Useless) Accord and therefore is in favor of ramping up oil prices to curb pollution. But much like the American mid-west, much of Canada is sparsely populated and wood would be a more viable heating option but it's also not as clean burning as oil.

For those that advocate on cleaner heating options, this Kyoto Accord crap is only going to force things backward if more people burn wood. I got no problem with wood burning and I'm no environmentalist. Just looking at this from a common sense point of view.
Thats true , thinning out would have to be a measured task ......
As for alternitive heating sources , I still think Nuclear and Solar are the way to go .........

[Rascal]

That summer I worked at BLM I was also a forest technician when I wasn't fighting fires. One of the things I did was go into a forest that had been approved for thinning and go and mark all of the trees that I felt should be cut down. People could go into those areas, we published them in the local newspapers closest to the forest, and cut down those trees I marked (they were limited to two cords per family). The system worked well when we could get approval, but we were also the only BLM office to do it in the state.