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Re: It's called PEAK OIL, goobler, and I win [Re: goobler]
    #5928279 -

So its gambling here ay...... I mean that would suck if i took the only hope i had and it all just diapeared on me. That would really suck, and bring me back to square one.....



But say i bought 10000 dollars wurth of oil. at 75 a barrel. Thats 133 barrels of oil. What do i do sit on them in my back yard? Then hope to sell them for 100 dollars a peace?

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Re: It's called PEAK OIL, goobler, and I win [Re: Corporal Kielbasa]
    #5928292 -

you'd want to leverage the option to buy not actually take delivery

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Re: It's called PEAK OIL, goobler, and I win [Re: goobler]
    #5928303 -

When i cruise threw the cities along the coast. All i see is huge oil storage tanks chilling along the highway. Vats the size of 4 store houses.

Edited by Corporal Kielbasa (08/03/06 11:16 AM)

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Re: It's called PEAK OIL, goobler, and I win [Re: goobler]
    #5928347 -

goobler said:
you'd want to leverage the option to buy not actually take delivery


that only cost 10% for me
cause I don't fuck friends, I make gas money baby


--------------------
"War Doesn't Decide Who's Right... It Decides Who's Left."

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Re: It's called PEAK OIL, goobler, and I win [Re: Cowgold]
    #5929843 -

Cowgold said:
You seem to be the authority on oil. 

:rolleyes:

What I said was...

"Oil production peaked in the 70's because we started getting cheaper foreign oil."

Which is correct.  After we started getting cheaper foreign oil, it was no longer profitable for domestic drilling companies to drill here. (oil bust of the 80s is a prime example)  Domestic production costs were at an all time high and the cost per barrel began to drop because we were getting foreign oil for much lower costs. 

I'm not argueing with you about the amount of oil available, only that production dropped for other reasons.  This happened not because it wasn't there to be drilled, but because demand was at an all time high and we began getting it cheaper elsewhere.


pffff, you have no idea what you're talking about.


--------------------
"this lebowski he called himself 'the dude'. now, 'dude', that's a name no one would self-apply where i come from but there was a lot about the dude that didn't make sense to me...."--the Stranger

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Re: It's called PEAK OIL, goobler, and I win [Re: TheDude]
    #5931508 -

:ooo:

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