Surge for the dollar as global fears rise... - Page 2 - Mercedes-Benz Forum

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post #11 of 21 (permalink) Old 08-17-2008, 05:21 PM
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I just had family visiting from Europe and they rented an SUV to drive around cross country but the father told his kids to enjoy the ride because there will be no way in hell they will be buying such a vehicle back home. He told them you are basically witnessing and experiencing a modern relic that people in the future will point out the foolishness.
Jodi and Larry beg to differ.


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post #12 of 21 (permalink) Old 08-17-2008, 06:29 PM
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A stronger dollar producing a burst commodities bubble and we didn't have to drill anything [except sense into Paulson and Bernanke's heads to trigger their epiphanies].

This is good, we really need a stronger dollar.
But, have you or any others learned anything from the last several months of getting torn a new asshole on fuel prices? Would it not be nice to have access to our own oil when demand and speculation cause prices to soar? I'm all for alternatives but we need to be level headed about this. Drilling alone won't do it but neither will pursuing alternatives and conservation. We have to do it all to make it work, especially since our entire transportation infrastructure is based on oil.

In 10 years, it'd be nice to see us swimming in oil while driving more fuel efficient cars and reaping the benefits of everyones hard work in finding alternatives.

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post #13 of 21 (permalink) Old 08-18-2008, 11:20 AM
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I've been saying for some time that the commodities bubble was due to burst, but that hardly means we do not need to drill, drill, drill. If we do not, we will face this same thing, only worse, next time. There is no time to waste. In fact, this is the perfect time to do something that will head off the "next time," which is coming as sure as sunset and sunrise.
We only import 12-15% of our oil from the Middle East [SEE EDIT], source of much of the Bubble issue [and the shear speculation factors]. Drilling just keeps us in a backward looking paradigm.

Here is a little article that gives some basic facts on consumption and supply and demand.

Quote:
Amount of U.S. oil consumption that comes from U.S. production: 7.3 mbd, or 42 percent. We produce fifty percent more oil than Iraq and Kuwait, almost as much oil as Saudi Arabia and the Emirates. Nevertheless, we import more than half the oil we use.

Amount of U.S. oil consumption that comes from the Middle East: 2 mbd -- 12 percent, only three percent from Iraq and Kuwait. The rest of our imported oil comes from places like Canada, Venezuela, Mexico, Nigeria, Algeria, Ecuador, and England.

Amount of U.S. oil used to run vehicles: 7.3 mbd or 43 percent. (Doubling our vehicle efficiency would therefore reduce our oil consumption by 3.6 mbd -- and we import only 2 mbd from the entire Middle East.)
Basic Facts About Energy and the Middle East

So, the bubble doesn't get a chance to reinflate as long as we 1) look at new technology to increase CAFE as a bridge, 2) utilize the CURRENT oil fields we have, 3) build new technology to eliminate oil as the driver of transportation, 4) rebuild foreign policy to stabilize commodity issues, 5) regulate commodity flux on oil.

Additional drilling becomes moot at that point.

EDIT: First line should read "Only 12-15% of our oil comes from the Middle East"

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post #14 of 21 (permalink) Old 08-18-2008, 11:30 AM
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Originally Posted by cmitch View Post
But, have you or any others learned anything from the last several months of getting torn a new asshole on fuel prices? Would it not be nice to have access to our own oil when demand and speculation cause prices to soar? I'm all for alternatives but we need to be level headed about this. Drilling alone won't do it but neither will pursuing alternatives and conservation. We have to do it all to make it work, especially since our entire transportation infrastructure is based on oil.

In 10 years, it'd be nice to see us swimming in oil while driving more fuel efficient cars and reaping the benefits of everyones hard work in finding alternatives.
Actually I have learned much. I have learned that kneejerk reactions usually are not smart and that the political answers usually are dumb. Hence Drill, Drill, Drill.

I have also learned that the commodity bubble was caused by piss poor regulatory action, a staggeringly weak dollar and greed.

I learned that over the past year, as folks cut their driving miles down, changed vehicles to more fuel efficient ones and changed their driving habits that bubbles started deflating. Also as the dollar strengthened [based partially as a side effect of the taxpayer bailout of the financial sector] the bubble started deflating.

So what I learned is that it took a high price to get everyone's attention and start taking SUVs off the road as daily transportation and start moving back to realistic cars. It took high prices to make people quit jumping in the car and making 10 trips when they can make one or two efficient trips. It took high prices to teach the politicians that they can only stand by so long and not do anything.

I learn much daily.

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post #15 of 21 (permalink) Old 08-18-2008, 11:39 AM
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The idea we can replace Mideast and VZ petroleum with local sources at a price that would be the same is a fool's errand. If we switch to a different motor fuel, we can reverse or at least mitigate global warming while at the same time bringing oil prices way down. Instead of wasting billions on a fool's errand on a finite resource, we simply need to spend the same money, and the money we currently spend propping up oil fascists, on doing that.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

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post #16 of 21 (permalink) Old 08-18-2008, 11:52 AM Thread Starter
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Originally Posted by mcbear View Post
We only import 12-15% of our oil from the Middle East, source of much of the Bubble issue [and the shear speculation factors]. Drilling just keeps us in a backward looking paradigm.

Here is a little article that gives some basic facts on consumption and supply and demand.



Basic Facts About Energy and the Middle East

So, the bubble doesn't get a chance to reinflate as long as we 1) look at new technology to increase CAFE as a bridge, 2) utilize the CURRENT oil fields we have, 3) build new technology to eliminate oil as the driver of transportation, 4) rebuild foreign policy to stabilize commodity issues, 5) regulate commodity flux on oil.

Additional drilling becomes moot at that point.
You really ought to put that shit in quotes, since it comes directly out of the democRAT playbook! Here are some actual facts:
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Don't believe everything you think
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post #17 of 21 (permalink) Old 08-18-2008, 11:56 AM
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Looks like you got a full tank.


Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #18 of 21 (permalink) Old 08-18-2008, 02:01 PM
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Originally Posted by Jayhawk View Post
You really ought to put that shit in quotes, since it comes directly out of the democRAT playbook! Here are some actual facts:
I wrote the first part of my sentence incorrectly. It should have read: "Only 12-15% of our oil comes from the Middle East". And your chart corroborates that. All the numbers in my post substantiated the corrected first line.

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post #19 of 21 (permalink) Old 08-18-2008, 04:42 PM Thread Starter
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I wrote the first part of my sentence incorrectly. It should have read: "Only 12-15% of our oil comes from the Middle East". And your chart corroborates that. All the numbers in my post substantiated the corrected first line.
So noted!

Don't believe everything you think
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post #20 of 21 (permalink) Old 08-18-2008, 06:42 PM
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The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and that’s what I intend to reverse.

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