what its all about, whats its all about Options

[Jack]

what its all about

[blk96gt]

If we wanted the oil Sr. would have got it the first time we were there. Iraq has always been small percentage of our imports compared to what we get from Canada and Mexico, respectively. Besides, they still haven't opened up the coast of Florida yet for drilling. We've been drilling off the coast of Texas, Mexico, and Louisiana for over 30 years, and we are still getting a shitload of oil and natural gas from there. Florida will be much the same.

[Kleerance]

If we wanted the oil Sr. would have got it the first time we were there. Iraq has always been small percentage of our imports compared to what we get from Canada and Mexico, respectively. Besides, they still haven't opened up the coast of Florida yet for drilling. We've been drilling off the coast of Texas, Mexico, and Louisiana for over 30 years, and we are still getting a shitload of oil and natural gas from there. Florida will be much the same.

The point is that the world is decreasing its proven oil reserves by 10% each year, so you HAVE TO find more oil just to keep up with the current consumption. In addition, China is growing fast. China has 25% of the worlds population, and the industrial situation in China is compared to what happened in USA from 1900-1970 - just 10 times faster.....Take a wild guess what would happen to oil prices when China also want the American way of life, including consumption for oil.....(You really have to find shitloads of oil....)



I think the main reason Bush went to Iraq is to secure a safe supplychain of oil from the arab states. Why? Because roughly 60-70% of the world resources of oil is located in that area. Besides, USA is consuming over 100% more oil than they are producing. http://www.scaruffi.com/politics/oil.html

So just to maintain the American way of life they are dependent of oilimports from these arab states (Iran, Iraq, Saudi Arabia,Libya, Kuwait, Emirates) Looks like a real challenge to me....Unfortunately many muslim states hate America and all it stands for - and the regimes in these countries are very unstable......So a presence from USA and other western countries is just a prerequisite to maintain world order. Imagine what happens if Al-Qaida "look-alikes" get control over 60-70% of the world oil reserves............