An important question to be addressed concerning war in Iraq.

Thanks for your replies. It's great that these questions get answered so quickly here. Also has anyone looked into stanley meyers? Is that whole this made up or what?

Peak oil is a myth. The Middle East just said they still have more than enough oil for everyone for hundreds of years, which would also debunk the "internal demand" fear. If worse comes to worse, we still have Alaska's 200-years-worth of oil (even with current growth projections) still sitting there.

A better question is: Why would Iraq stop selling oil to one of its top consumers?

which will cost us only $3.00 a barrel. Reason for controlling oil in middle east is so we can control the oil currency in us $ to pay off our debt. Remember, higher oil price also means another form of tax for us.

Oil now is bought in contracts forward priced through the futures markets.

Your question makes no sense.

There will be NO difference, except LOWER PRICES. Besides, why not think about getting off of oil? We make the region unstable and artificially raise risk premiums.

Oh I forgot, our dollar is based on oil because the 1972 agreement with the house of Saud. This is why we went to war with Iraq and Why WE WILL MOST LIKELY ATTACK IRAN FEBRUARY 11TH.

If peak oil is reached, the oil will be sold to the highest bidder, i.e., whoever can use it to create the most value.

Clearly, if an American manufacturer needs oil to produce some high-value product, it will be willing to pay much more than a Saudi citizen trying to fill his gas tank.

Supply and demand.

america seems uninterested

These countries that do not meet internal demand do so as a result of lack of refineries, not due to insufficient oil.

Besides...most of the worlds oil is up here in Canada, so no worries.

Before we invaded the middle east, we weren't getting oil from either Iraq or Iran. All of their oil was either sanctioned, or went to Russia and France. That's why they opposed the invasion so much. Oil was $27 per barrell, and now it's between $90-100. We have plenty of oil in the Gulf of Mexico, and Alaska. The dummycrats don't want to drill in the Gulf, near the U.S. for political reasons. So guess what? The Chinese are doing it for us, and using it for themselves. Oil output in some middle eastern countries has gone down drastically since 03, and those tanks and Hummers don't run on sand. The middle east would probably be happy to sell us all the oil we need, if we would only stop bombing them. The price of steel, aluminum, copper, and other natural resources would go down as well. The main reason we won't leave at this point, is because the stock prices of KBR and Halliburton would most likely go down. That is not going to affect the average american too much, or the price of gas.

Some people claim that "peak oil" is a myth. Apparently the Russians have bypassed that theory and have thus drilled and struck oil in places that would seem unlikely under "peak oil".

"That radically different Russian and Ukrainian scientific approach to the discovery of oil allowed the USSR to develop huge gas and oil discoveries in regions previously judged unsuitable, according to Western geological exploration theories, for presence of oil. The new petroleum theory was used in the early 1990’s, well after the dissolution of the USSR, to drill for oil and gas in a region believed for more than forty-five years, to be geologically barren—the Dnieper-Donets Basin in the region between Russia and Ukraine."

Read more about it here: http://www.engdahl.oilgeo...

The free market is extremely good at setting prices and allocating resources. If we quit messing with the oil markets and disrupting politics in the middle east, oil prices will begin to accurately reflect supply and demand. As supply goes down, price will go up. Then either demand will go down as a result of price driven changes in oil use or profit-seeking will drive more oil production to increase the supply again. Or both. Or first one and then another. It doesn't matter.

The price of oil in an unrestrained market will tend toward the highest price at which the entire suppy can be sold. When "Peak Oil" drives that price high enough, the market will create alternatives. Simple. Easy. No worries.

Just get government out of the way.

peak oil is reached at a certain price, at higher prices more oil is found as the economics change.

Anwar is closed for business (Greatest untapped unexplored find and it is for US consumers to exploit)

Gulf of Mexico is still very much open at higher prices, even China is looking at the biggest finds between Fl and Cuba,

The Biggest untouched find off the Brazilian coast is untouched and expected to be bigger than Middle east.

Russia is opening up more and more finds in the North east.

Oil fields replenish themselves from deeper fissures naturally.

Today's proven reserves are the greatest in any time in Human history.

Unless you are with McCain, maybe Crude prices need to rise to curtail demand.

McCain feels exploiting Anwar is like drilling in the Grand Canyon and the coast of California is off limits.

Oil is plentiful for the next 200 years, after that who knows what new fields will be found and what new technology will be available to extract at even deeper fields.

In order, the top three US Oil suppliers
1. Canada
2. Saudi Arabia
3. Mexico

R/
Alex Plewniak
Bonita, CA

http://video.google.com/v...