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  • #524,501
  • Aug 16, 2011 4:13pm Aug 16, 2011 4:13pm
Quoting cloggie
Last year's WEO report had it as 2006, the next report is due in 2 months.
Shit. I was hoping the Esso round the corner was gonna go down from 1.38 for diesel. Time to buy cycle stocks. And candle stocks. And shotgun stocks. etc etc.
  • #524,502
  • Aug 16, 2011 4:20pm Aug 16, 2011 4:20pm
Quoting FibbinArchie
yeah sorry, was quoting the official propaganda myself there..
lol you dont need to say sorry

Quoting stevexyg
Don't get me started on Peak Oil. Is there anyone here who hasn't heard of this theory/reality?
peak oil is a myth it was plan made by the big oil companies years ago to create an artificial bottleneck in the oil supply so they could push this global warming agenda and bring in the carbon tax

i read the book energy non crisis and all the oil they found on gull island there is enough there to supply the usa for over 100 years, that oil field been classified ever since which is now called liberty oil fields and it has biggest oil rig in the world there
  • #524,503
  • Aug 16, 2011 4:32pm Aug 16, 2011 4:32pm
Long @1.4409 targeting 1.5000
You got to know when to hold 'em, know when to fold'em
  • #524,504
  • Aug 16, 2011 4:36pm Aug 16, 2011 4:36pm
Quoting B&b
Long @1.4409 targeting 1.5000
why?
  • #524,505
  • Aug 16, 2011 4:36pm Aug 16, 2011 4:36pm
Quoting Cypher
lol you dont need to say sorry



peak oil is a myth it was plan made by the big oil companies years ago to create an artificial bottleneck in the oil supply so they could push this global warming agenda and bring in the carbon tax
I respect the fact you've read up on this but no matter how big global oil well reserves are at the mo peak oil is definately not a myth. It's an undeniable fact that oil reserves are finite and consumption is one day going to reach a point above global extraction and refining rates. There is no doubt there, that is a fact. It might not be this decade but it will occur. Can't find info on this Gull field at the mo, but 100 years supply for USA. What about the rest of the world!!!

Anyway if it was all extracted and used the resultant global warming caused by another 100 years of the oil age would likely anihilate life on the plannet.
  • #524,506
  • Aug 16, 2011 4:38pm Aug 16, 2011 4:38pm
Quoting Cypher
lol you dont need to say sorry



peak oil is a myth it was plan made by the big oil companies years ago to create an artificial bottleneck in the oil supply so they could push this global warming agenda and bring in the carbon tax

i read the book energy non crisis and all the oil they found on gull island there is enough there to supply the usa for over 100 years, that oil field been classified ever since which is now called liberty oil fields and it has biggest oil rig in the world there
hmm, that's interesting, well gonna post my amusing pics anyway...
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  • #524,507
  • Aug 16, 2011 4:39pm Aug 16, 2011 4:39pm
Couple reasons I dont believe peak oil....

1. Deep Water ( technology is advancing...thus exponential increase in productivity)
2. North Dakota
3. Alaska
4. Iraq (10% of Iraq surveyed....has #2 oil reserves on the planet)

Reasons I believe Peak oil is NOT a myth
1. Governments
2. Regulations
3. less refineries
4. tax breaks for closing refineries
5. false flag new tech's like green initiatives (not sustainable on a large scale)

Quoting stevexyg
I respect the fact you've read up on this but no matter how big global oil well reserves are at the mo peak oil is definately not a myth. It's an undeniable fact that oil reserves are finite and consumption is one day going to reach a point above global extraction and refining rates. There is no doubt there, that is a fact. It might not be this decade but it will occur. Can't find info on this Gull field at the mo, but 100 years supply for USA. What about the rest of the world!!!

Anyway if it was all extracted and used the resultant global warming...
  • #524,508
  • Aug 16, 2011 4:45pm Aug 16, 2011 4:45pm
Quoting cloggie
There will always be something to trade, the world always needs traders.
And traders will always be viewed by many as parasites and worse. That is why the futures exchanges, over 150 years old, have learned by surviving populists, progressives, libertarians, and general morons, that the Party Line is always to stress the economic value and risk management value of the markets. Speculators are good because they provide liquidity to allow the Greater Purpose to operate even more efficiently.
  • #524,509
  • Aug 16, 2011 4:56pm Aug 16, 2011 4:56pm
Quoting OldQuant
And traders will always be viewed by many as parasites and worse. That is why the futures exchanges, over 150 years old, have learned by surviving populists, progressives, libertarians, and general morons, that the Party Line is always to stress the economic value and risk management value of the markets. Speculators are good because they provide liquidity to allow the Greater Purpose to operate even more efficiently.
The builders of weapons of mass destruction... committing crimes against humanity...

Reading some of those tobin tax arguments is like reading the propaganda of the communist parties here.
  • #524,510
  • Aug 16, 2011 4:57pm Aug 16, 2011 4:57pm
Quoting Cypher
read the book energy non crisis and all the oil they found on gull island there is enough there to supply the usa for over 100 years
Where is Gull Island, and who is "they"?

[EDIT]Never mind, I searched it.
  • #524,511
  • Aug 16, 2011 4:58pm Aug 16, 2011 4:58pm
eurusd is the simplest pair to trade
  • #524,512
  • Aug 16, 2011 5:09pm Aug 16, 2011 5:09pm
One thing that is interesting about Gull Island. While it seems almost all references to it are from the libertarian/conservative blogs, the island itself has been blurred out on Google Earth.

And Yahoo Maps doesn't even have it. This is getting interesting...
  • #524,513
  • Aug 16, 2011 5:10pm Aug 16, 2011 5:10pm
ah well never mind, here check this out lol...

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  • #524,514
  • Aug 16, 2011 5:14pm Aug 16, 2011 5:14pm
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  • #524,515
  • Aug 16, 2011 5:20pm Aug 16, 2011 5:20pm
Quoting OldQuant
One thing that is interesting about Gull Island. While it seems almost all references to it are from the libertarian/conservative blogs, the island itself has been blurred out on Google Earth.

And Yahoo Maps doesn't even have it. This is getting interesting...
The plot thickens.. Reminds me of the co-ordinates of that comet, supposedly on intercept course for Earth's vicinity sometime next year, blanked out of Google Sky on the most recent survey...
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  • #524,516
  • Aug 16, 2011 5:26pm Aug 16, 2011 5:26pm
Quoting renga
eurusd is the simplest pair to trade

bold statement
  • #524,517
  • Aug 16, 2011 5:28pm Aug 16, 2011 5:28pm
Quoting FibbinArchie
The plot thickens.. Reminds me of the co-ordinates of that comet, supposedly on intercept course for Earth's vicinity sometime next year, blanked out of Google Sky on the most recent survey...
Couldn't help but think of you on this one, mate...forgot to mention sooner. Could be nice to work into what you got.

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  • #524,518
  • Aug 16, 2011 5:29pm Aug 16, 2011 5:29pm
Quoting OldQuant
One thing that is interesting about Gull Island. While it seems almost all references to it are from the libertarian/conservative blogs, the island itself has been blurred out on Google Earth.

And Yahoo Maps doesn't even have it. This is getting interesting...
that is very strange. I don't think even area 51 is blurred on google earth.
  • #524,519
  • Aug 16, 2011 5:30pm Aug 16, 2011 5:30pm
Quoting stevexyg
I respect the fact you've read up on this but no matter how big global oil well reserves are at the mo peak oil is definately not a myth. It's an undeniable fact that oil reserves are finite and consumption is one day going to reach a point above global extraction and refining rates. There is no doubt there, that is a fact. It might not be this decade but it will occur. Can't find info on this Gull field at the mo, but 100 years supply for USA. What about the rest of the world!!!

Anyway if it was all extracted and used the resultant global warming...
just read your post out of all of them..

you know.. for the longest time the economists were predicting (Malthus) that the food will eventually run out based on the fact that the population is growing at the geometric rate and the food supply based on the arithmetic. however, every single one of them failed to take into the account the impact of the technological progress (food modification) blah blah. .

in any case, be aware, but there are a lot of problem to be aware of and not need to be stressed.
  • #524,520
  • Aug 16, 2011 5:31pm Aug 16, 2011 5:31pm
Quoting renga
eurusd is the simplest pair to trade
Welcome, with your first post.

Now, please elaborate on why you believe that is the case.
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