http://www.guardian.co.uk/business/2008/jun/23/oil.saudiarabia

"Gordon Brown clashed with leading oil-producing nations yesterday,
insisting that surging demand from the developing world rather than
speculative pressures was driving up oil prices and creating an oil crisis
to match those of the 1970s.

Brown had flown to Jeddah to attend a one-day oil summit of producers and
consumers convened by Saudi Arabia, saying it was the duty of world leaders
to address the biggest crisis facing the world.

In his speech, Brown offered a long-term deal whereby the oil-consuming
nations would diversify energy supplies, moving into nuclear and renewables,
and the oil-producing countries would increase production, as well as
recycle some of their huge profits into western renewable technologies.
Brown has stated that oil producers have earned $3tn in extra profits from
the latest oil shock. He also revealed Britain will host a follow-up summit
in London, to build the shared analysis of what he described as the biggest
problem of the world."

And what are the Arab oil producing nations doing with those extra dollars
squeezed out of our wallets at the bowser?

Building mega-structures such as The World, Palm Jumeirah, Palm Jebel Ali
and Palm Deira.

http://www.ameinfo.com/133896.html

And with gas at US 75c a gallon, right now, it's good to be an Arab in
Dubai.

GDS

"Let's roll!"

The people fundinging these resorts are immensely wealthy, and will
continue to be immensely wealthy regardless of what happens, for years
to come.  They have more money than they know what to do with, and no
real reason to expect that this will not continue to be the case.
Peak to them is irrelevant; they will still be selling oil, and at
higher and higher prices, for as long as there is demand.

See, this is your problem Trav.  Your entire "expertise" on this
subject is what you Google on it.  You don't understand the industry,
or even basic economics.

These folks are not going to stop selling all the oil they camp pump
for decades to come.  They might peak - they might even have peaked
already - it doesn't matter.  They're still going to sell all they can
pump, at higher and higher prices.  The only "insanity" here is you
trying to play the role of "expert" on something you barely
understand.

The people fundinging these resorts are immensely wealthy, and will
continue to be immensely wealthy regardless of what happens, for years
to come. They have more money than they know what to do with, and no
real reason to expect that this will not continue to be the case.
Peak to them is irrelevant; they will still be selling oil, and at
higher and higher prices, for as long as there is demand.

See, this is your problem Trav. Your entire "expertise" on this
subject is what you Google on it. You don't understand the industry,
or even basic economics.

These folks are not going to stop selling all the oil they camp pump
for decades to come. They might peak - they might even have peaked
already - it doesn't matter. They're still going to sell all they can
pump, at higher and higher prices. The only "insanity" here is you
trying to play the role of "expert" on something you barely
understand.

travisgod at (no spam) aol.com> wrote in message
news:9c798297-9e58-49b4-9217-e2068163ecda at (no spam) w5g2000prd.googlegroups.com...

: Sitting in the last stages
f your little property bubble in AUS, thinking "it's different," you
::may just be a bit behind the curve. Keep telling yourself this is all
:"contained," to "subprime" or "the US."

Nope. What we see here is the moaning of the debtor. Some nations are making
a shitload of money out energy and resources, and some are paying out.

What the creditors do with their riches is their business. Our 'bubble' is
on the back of the best economic indicators in generations ie low
unemployment, low inflation, low interest rates, high commodity prices and
surging demand.

If you're a smart nation, you'll realize that this won't
last forever and you invest trade surpluses productively ie reduce debt and
create infrastructure for the future.

It's a changing of the guard, Trav.

http://www.amazon.com/Empire-Lies-Truth-Twenty-First-Century/dp/1594032165

travis... at (no spam) aol.com> wrote in message

news:9c798297-9e58-49b4-9217-e2068163ecda at (no spam) w5g2000prd.googlegroups.com...

: Sitting in the last stages
f your little property bubble in AUS, thinking "it's different," you
::may just be a bit behind the curve. Keep telling yourself this is all
:"contained," to "subprime" or "the US."

Nope. What we see here is the moaning of the debtor. Some nations are
making
a shitload of money out energy and resources, and some are paying out.

What the creditors do with their riches is their business. Our 'bubble' is
on the back of the best economic indicators in generations ie low
unemployment, low inflation, low interest rates, high commodity prices and
surging demand. If you're a smart nation, you'll realize that this won't
last forever and you invest trade surpluses productively ie reduce debt
and
create infrastructure for the future.

It's a changing of the guard, Trav.

GDS

"Let's roll!"

"Herbert Cannon" <hcannon18 at (no spam) cox.net> wrote in message news:PMv8k.
4685$i55.1606 at (no spam) newsfe22.lga...
|
| <WannabeSomeoneCares at (no spam) gmail.com> wrote in message
| news:
6791dc14-7bd4-469d-83e1-130be4b52444 at (no spam) y38g2000hsy.googlegroups.com...
|
| > They are still reeling from Mao's "Great Leap Forward", but they
are
| > getting better.
|
| Horseshit. Mao has been dead for years.
|


Mao was such a great leader, his mistakes were, unfortunately, long
lasting too.

That is usually the case with tyrants.

WannabeSomeoneCares at (no spam) gmail.com> wrote in message
news:9b134296-0713-45f3-87af-dcd85f0e1cb6 at (no spam) k37g2000hsf.googlegroups.com...

"Greendistantstar" <pde63539removethis at (no spam) bigpond.net.au> wrote in
message news:wCY8k.15192$IK1.521 at (no spam) news-server.bigpond.net.au...
|
| <WannabeSomeoneCares at (no spam) gmail.com> wrote in message
| news:
6791dc14-7bd4-469d-83e1-130be4b52444 at (no spam) y38g2000hsy.googlegroups.com...
| :
| : "Herbert Cannon" <hcannon18 at (no spam) cox.net> wrote in message news:uDu8k.
| : 8830$rH1.225 at (no spam) newsfe20.lga...
| : | Horse shit. China has huge problems. 200 million in the middle
class
| : and a
| : | billion still living in bone crushing poverty.

:You are calculating with the mindset that everything in the future is
:the same as today.

You mean that we'll discover an alternative to petroleum? Good luck
with that.

:Don't forget that there were no such thing as
:gasoline engine, electricity, or nuclear energy 100 years ago. People
:are able to adapt to new reality.

:Do you know why China insists on building the controversial "Three
:Gorges" hydroelectric dam? The answer is: free energy.

You seem to think like GDS. You cannot get your mindset out of
petroleum when you think about energy.

One simple solution I have in
this thread is hydrogen fuel-cells.