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Oil Prices Will Skyrocket Soon!

7K views 38 replies 15 participants last post by  hbthink 
#1 ·
Israel on high alert for Iranian warships' Suez transit. Kharg brings missiles
DEBKAfile Special Report February 18, 2011, 7:39 PM (GMT+02:00)

Iranian Kharg with missiles for Hizballah

Cairo's approval Friday, Feb. 18 for two Iranian warships to transit the Suez Canal on their way to the Mediterranean has brought Israel and Iran closer than ever before to a naval collision at sea. debkafile reports: Israel has learned that the Iranian cruiser Kharg is carrying long-range missiles for Hizballah which it plans to unload at a Syrian port or Beirut harbor.
Friday, Israeli government and military officials were urgently casting about for a way to prevent those missiles reaching the Lebanese terrorists. Heavy US and Israeli pressure failed to dissuade Egypt's military rulers from letting the Iranian flotilla through Suez. So now the waterway has been opened wide for Iran to consign heavy weapons deliveries to Syria and Lebanon - in the first instance, and eventually to try and break Israel's naval blockade on the Gaza Strip and bring Hamas the heavy munitions that were impossible to transport through smuggling tunnels.
On February 16, debkafile reported:
Twenty-four hours after Israeli Defense Minister Ehud Barak said the Egyptian upheaval had no military connotations for Israel, Tehran applied for the Iranian frigate Alvand and cruiser Kharg to transit the Suez Canal on their way to Syria Wednesday night, Feb. 16. Their passage was termed "a provocation" by Israeli Foreign Minister Avigdor Lieberman. In Beirut, Hizballah leader Hassan Nasrallah said he was looking forward to Israel going to war on Lebanon because then his men would capture Galilee.
Israel was closely monitoring the Iranian flotilla, whose visit to the Saudi Red Sea port of Jeddah on Feb. 6, preparatory to transiting Suez, was first revealed exclusively by DEBKA-Net-Weekly481 on February 10.
Up until now, Saudi Arabia, in close conjunction with Egypt and its President Hosni Mubarak, led the Sunni Arab thrust to contain Iranian expansion – especially in the Persian Gulf. However, the opening of a Saudi port to war ships of the Islamic Republic of Iran for the first time in the history of their relations points to a fundamental shift in Middle East trends in consequence of the Egyptian uprising. It was also the first time Cairo has permitted Iranian warships to transit Suez from the Red Sea to the Mediterranean, although Israeli traffic in the opposite direction had been allowed.
Iran made no secret of its plants to expand its naval and military presence beyond the Persian Gulf and Red Sea to the Mediterranean via Suez: On February 2, Iran's Deputy Navy Commander Rear Admiral Gholam-Reza Khadem Biqam announced the flotilla's mission was to "enter the waters of the Red Sea and then be dispatched to the Mediterranean Sea."
However, Israeli military intelligence which failed to foresee the Egyptian upheaval and its policy-makers ignored the Iranian admiral's announcement and its strategic import, just as they failed to heed the significance of the Iranian flotilla's docking in Jeddah.
debkafile's military sources report that Iran is rapidly seizing the fall of the Mubarak regime in Cairo and the Saudi King Abdullah's falling-out with President Barack Obama (see debkafile of Feb. 10, 2011) as an opportunity not to be missed for establishing a foothold along the Suez Canal and access to the Mediterranean for six gains:
1. To cut off, even partially, the US military and naval Persian Gulf forces from their main route for supplies and reinforcements;
2. To establish an Iranian military-naval grip on the Suez Canal, through which 40 percent of the world's maritime freights pass every day:
3. To bring an Iranian military presence close enough to menace the Egyptian heartland of Cairo and the Nile Delta and squeeze it into joining the radical Iranian-Syrian-Iraqi-Turkish alliance;
4. To thread a contiguous Iranian military-naval line from the Persian Gulf to the Red Sea through the Suez Canal and the Gaza Strip and up to the ports of Lebanon, where Hizballah has already seized power and toppled the pro-West government.
5. To eventually sever the Sinai Peninsula from Egypt, annex it to the Gaza Strip and establish a large Hamas-ruled Palestinian state athwart the Mediterranean, the Gulf of Aqaba and the Red Sea.
By comparison, a Fatah-led Palestinian state on the West Bank within the American orbit be politically and strategically inferior.
6. To tighten the naval and military siege on Israel.

http://debka.com/article/20686/
 
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#3 · (Edited)
As always the Government and Industry will use any news and distort it to make money. Those two ships going from Iran are unarmed as by the International regulations. One is just a cargo ship. If there was any invasion or provocation planned it would be many ships armed to the teeth with troops. But Iran also wouldn't risk their navy in a stupid move, they would simply just use missiles and air strikes against Israel. It is all disinformation to raise prices on oil and on food.

http://www.legitgov.org/

Egypt agrees to let 2 Iranian vessels transit Suez Canal Egypt agrees to let 2 Iranian vessels transit Suez Canal 18 Feb 2011 State media on Friday said Egypt has agreed to let two Iranian naval vessels transit the Suez Canal. State-run news agency MENA said that authorities approved a request from Iranian diplomats who offered assurances that the two ships won't have weapons or nuclear or chemical material. The move had been widely expected and Iranian officials have insisted the request is in line with international regulations.
 
#4 ·
Who honestly believes there are no weapons in those ships? I'll bet my boots there is a dirty bomb style warheads for Hezbollah and Hamas. Iran has been caught multiple times trying to ship weapons into Lebanon, now they are trying to hand deliver the goods. Watch, Israel will attack.

As always the Government and Industry will use any news and distort it to make money. Those two ships going from Iran are unarmed as by the International regulations. One is just a cargo ship. If there was any invasion or provocation planned it would be many ships armed to the teeth with troops. But Iran also wouldn't risk their navy in a stupid move, they would simply just use missiles and air strikes against Israel. It is all disinformation to raise prices on oil and on food.

http://www.legitgov.org/

Egypt agrees to let 2 Iranian vessels transit Suez Canal Egypt agrees to let 2 Iranian vessels transit Suez Canal 18 Feb 2011 State media on Friday said Egypt has agreed to let two Iranian naval vessels transit the Suez Canal. State-run news agency MENA said that authorities approved a request from Iranian diplomats who offered assurances that the two ships won't have weapons or nuclear or chemical material. The move had been widely expected and Iranian officials have insisted the request is in line with international regulations.
 
#8 ·
Higher oil prices can trace their beginning to the deregulation of all products prices by Regan & the Republicans.

I wonder if the Republicans in congress will be so quick to stop the oil prices from rising any amount & the price fixing Futures & Commodities Market. As they are about lowering the prices of wages & benifits of all Americans after we have to pay the money to the government. :)

The silver spoon fell out of my mouth at birth.:)

Wages up -.5 % And the prices of all goods used by Americans up 100s of %. :)

Deregulation is working. :)
 
#9 ·
The US economy peaked in the 1970's, and we have been maintaining our standard of living with credit ever since, and there will be hell to pay.
Once capitalist systems peak, the demand for workers drops, and the general standard of living plummets. The result is either a move towards socialism, or fascism. History shows examples of each, and it will be interesting to see what happens in the US.
If we were presently paying what oil really costs society, most people would be driving electric cars now, or walking. Those of us pioneering electric transportation are doing a great service to our country.
 
#10 ·
Computers, Robotic assembly workers, voice computers & a total cave in to hand held social lifetimes has NOTHING to do with the decreasing need for people ? :)

I sure do not need very many people if the Robots are doing their endless assigned jobs.

NO type of government has a thing to do with the lack of people needed today.

Which Master Clone will populate the planet ? Bush or Cheny ?
 
#36 ·
Well said cyclops2, we don't need people to produce anymore, we need them to consume.
Within the last few years, production of goods has gone up and so have the numbers of unemployed. Technology is changing how we live and how we work, no brainer. The service sector is what our future holds (United States), the real jobs are overseas. We are becoming servents, it has nothing to do with govornment (U.S), buisnesses maximize profit. Human behavior is taxing our system (U.S), we have our own war here and it is called "drug use" and Mexican drug gangs.
We are using hundreds of millions of U.S. tax dollars to fight a drug war, our Human Services Dept. is using hundreds of millions of dollars to take care of the spawn that the methheads and crackheads create, I say "death penalty to drug dealers and smugglers".
 
#11 ·
It is expected to see oil prices go up during any middle east turmoil, even from riots and protests and change of power. TPTB will use it to their benefit to get richer and break the little buys back, which their whole agenda is to create a welfare socialist society run by only those in power.

However the question is, will we let it happen in America or not?

So build our own EV's, making our own Ethanol for generators for backup electric, building wind mills, using solar for charging are all things that help us get through those tough times ahead. One major reason why people convert their ICE's to electric is to get out from under being a slave to the pumps.

When gas hit $5.00 a gallon there was a huge increase of people who converted their ICE's to electric, but those who wanted to and didn't may realize that if they can do it they should do it now because in a few months gas will be extremely expensive again.

Oil, Gold, Silver and food are all going up every week. When oil goes up, gas follows and then food and everything else. When I was building my shop I bought a 2x4 for $1.58 each, then 2 months later when gas was going up it then turned into $3.58 for each 2x4. Milk went to almost $5.00 a gallon. It was freaking crazy.

Now gas has gone up every single day in the last week. A few cents one day, then 8 cents another week and it keeps going up almost 7 cents every few days here. Just a month ago it was $2.75 a gallon, then BAM it jumped to $2.89 a gallon over night. Now it is well over $3.00 a gallon now and climbing. I wouldn't be surprised if gas hits $5.00 a gallon by the end of May and keeps going.

As for the crisis in the middle east, yes there is always the potential threat, but Iran is falling, Libya is falling, Saudi Arabia is next and China has protests going on there now. There are 13 Countries in protest at this moment. Most of them provide oil to the US and Europe, but notice how the Government refuses to just rely still upon our own oil resources (which would be cheaper than importing it).

So those with EV's have planned well. Those who just rely upon oil and gas will feel the crunch of the rising oil prices within the next few months more than ever.

Even just turning a motorcycle into an electric bike can save money in the long run or build your own electric cart or an electric ATV because waiting too long will just make it harder to come up with money to build any type of EV when gas and food prices are eating up everyone's paycheck.
 
#12 ·
When going electric why not go the whole hog and use green and renewable energy sources like the sun or the wind. Oil and gas prices have been steadily rising since the time economy got a boost from the bailouts and increased federal spending. The emerging economies are also consuming traditional energy at an alarming pace. Oil and gas prices are not going down for a very long time and even if they do it will be only for short periods of time.
 
#14 ·
If anyone wants a good review of what is coming then go to:

www.endofamerica3.com and watch the video. It is free.

The man who made that video has many good points and his calculations are we will be truly suffering by the end of this year.

We may think the 1930's depression was bad to read about, we are about to find out what its like ourselves.
 
#15 ·
Crooks, extortionsists & price fixing.

The prices are UP UP before any REAL LASTING shortages happen.

Let working people, office & factory raise their wages the same way & amount.

Republicans would have the US Army taking people to work at gunpoint !!

They are WAY out of bounds.

The real people causing terror, are the people running the USA FUTURES & COMMODITIES markets.

GREEDY, LAZY people who have nothing to do but create panic among ALL incomes of people.
 
#17 ·
Hopefully this time real money will be spent on research into alternatives. The British unit that recombines carbon dioxide with hydrogen to create methane gas is one such project. Hydrogen production needs research into better methods of production or separation really. Hydrogen is hard to handle and contain but methane isn't. This process creates a carbon cycle rather than releasing carbon that was trapped thousands of years ago so at least it's a cleaner alternative and a renewable energy.
If more realistic fuel alternatives are found this strangle hold on oil will only hurt the income of the people causing the problems.
With oil dependency out of the way what reason would there be to go to war? World peace? Tell him he's dreaming

T1 Terry
 
#21 ·
Once again, the specter of ever-increasing gas prices looms as a boogey-man. Yet, for a one-time conversion fee of around $1,500 every gas-burning vehicle in America could be converted to Propane, or Natural Gas. Inconvenient? Yes. The end of the world? Hardly.
Is there a good distribution system for Methane (natural gas) and LPG in the US throughout all the states? What price is LPG over there? Even though mega ltrs of the stuff are pumped out of the ground over here the price still climbs slightly faster than diesel and petrol. Each time they jack the price up there is a backlash and it drops back about 50% of the rise.
LPG was 1/4 price of petrol, then 1/3, then 1/2, now it's over half the price of petrol per ltr but there is no govt tax or freight from afar to pay. Sure sounds like greedy price gouging.
Aust oil wells produce more fuel than the country needs so it's exported but we still pay more per ltr than the US, still think price gouging is a myth?
In my books oil companies belong in the same group as used car salesmen, insurance companies, politicians and housing rental agents.

T1 Terry
 
#20 ·
Pholly

What should a barrel of oil change in a year?

What would you set the price of it today ?

All converting WILL cause that to sky rocket.

What part of price gouging by Wall Street pricing do you not understand ?

Fox News is saying a old Arab shiek is sick. Oil goes up $5 dollars ? Let the guy die at least.

Newspapers & Wall Street. Perfect together.
 
#23 · (Edited)
Pholly

What should a barrel of oil change in a year?
Whatever the market will bear. Prices vary so widely because some folks are smart enough to lock in their prices with up-front purchases (called "futures"). When supply changes a little, everyone else not smart enough to hedge their bets pays whatever they have to for marginal supplies.

What would you set the price of it today ?
I wouldn't. That's the difference between us.

All converting WILL cause that to sky rocket.
Compared to what? We're hearing now we have enough natural gas for hundreds or thousands of years. Will rising demand raise prices? Maybe - or maybe once they start selling it in large enough quantities it will become more economical to distribute and thus LOWER prices. That is what happened between 1918 and 1999 to the price of gasoline. In fact, gas is still cheaper today than in 1939.

What part of price gouging by Wall Street pricing do you not understand ?
What part of supply and demand do you not understand? If you weren't demanding it, it wouldn't cost so much. Stop using it if you don't like it - perhaps build an EV in which the fuel cost is 1/10th the cost of gasoline per mile? :D

Fox News is saying a old Arab shiek is sick. Oil goes up $5 dollars ? Let the guy die at least.
What you are watching is the over dramatization of international news, to which GREEDY INVESTORS (that's folks like you and your mamma) who own oil stocks as part of their retirement portfolio DEMAND that they get more return on their investment. It's speculators using Wall Street like a casino in Las Vegas, too.

I really don't get Libs. On the one hand they say it's fine for government to gouge us all with taxes that kill jobs to raise the price of oil so that more people will buy EVs with what little money they have left - but let the oil companies profit because THEY raise prices (exactly the effect you say you want with higher taxes) and hire people so that the economy gets stronger makes them break out in hives. It's such "Prisoner's Dilemma" thinking - no different than the monkey that gets caught with its hand around a cookie inside a jar, and can't get away because they refuse to let go of the cookie. It's sour grapes - hatred that anyone might get rich if it isn't you.

I don't get it, it's all such self-destructive behavior. Why not use some of that energy CREATING some wealth instead of demanding government go STEAL it from someone and GIVE IT TO YOU? Maybe then they'd have pride in your accomplishments instead of anger that someone didn't give you "your fair share" - whatever that might be.
 
#27 ·
Having no way to know that your mother has passed on, it was simply an illustration that We the People buy stocks and demand high returns - your taking it personally is either simply ignorant or attempting to make it seem like I'm to blame for your lack of a cogent response.

Have a nice Liberal life, don't bother to write.
 
#26 ·
If a network of Methane (natural gas) filling stations were to be developed in the US then Aust would follow, is there enough $$ in the US not attached to oil willing to do such a thing? Dreams I'm afraid.
Petrol engines can be tuned and adjusted internally to effectively use Methane, diesels adapt easily to it. In most major Aust cities the buses now run on compressed methane, much cleaner and quieter running, no black cloud under high load.
It would be great for all concerned if such a thing was to happen but too many people could make a difference have their hands in the oil people’s pockets so it’s in their be$t intere$t not too .

T1 Terry
 
#29 ·
Hi Phantom

There is most certainly greed at work - the Government makes more off of petroleum than anyone else, and less than 10% of that money gets re-invested into infrastructure.

We had this argument earlier and while I did not convince you that fuel taxes take in less than is spent (in the UK with much higher tax levels) we did get a whole lot closer than 10%
 
#30 ·
We did indeed. My point was - every breathing human being is fundamentally a "selfish bastard" from someone else's viewpoint. From their own viewpoint, they simply want what they want, and want it to cost less, and believe themselves to be completely reasonable. :D That's why the free market is so important - to let people work these things out. Government works best when it plays strictly a referee role - no stealing, cheating, or forcing other people to get what you want. Government becomes utterly corrupt and is in total conflict of interest when it plays both the role of referee AND decides FOR people how to allocate their resources (time, money, property).
 
#31 ·
I'm thinking of installing a 6kw solar PV system after I finish my upgrade to lithium. Prices really have come down and the fed will reimburse you 30% up to $1000/kw if I understand it right. Click the link to see a list of the best prices and brands. At the top you can click on "Complete Systems" for system prices.

I'm seeing prices for a 8kw system for $19300 or so with a grid tie inverter. So if they reimburse me 30% that's $5700! In my case I'm out only $13500 plus incidentals to connect it all up.

I understand that for a 4kw system you can collect about 950Kwh/month. My bill runs about 1700+ every month so an 8Kw system should about get me off the grid. Saving about $175/month would be a payback of about 6.5 years. CAN'T go wrong there!

And if the US economy collapses to worse than the 30's depression, I'll have an electric truck and my own charging system. That will last as long as I can keep the thieves from killing me and taking it once chaos breaks out.
 
#32 ·
I have no idea how grid tie solar works in the US but in Aust, well NSW anyway, part of the account each mth is for access to the system, the wires from the grid to your house really. So unless you produce quiet a bit more electricity than you use after the sun goes down the electricity bill just gets a bit lower, it doesn't go away. The other issue is if the grid goes down the solar is automatically disconnected for line worker safety. This means even though the sun is shining and you have solar on the roof if there's no power on the grid there is no power available in your house. This came as a surprise to a lot of people over here with the recent floods. The grid went down and there was no power for their fridges or freezers or for the water pumps even though the sun was shining. Much of the flooding was due to rain else where making it's way to the ocean, so they were flooded under hot, blue sky.

T1 Terry
 
#33 ·
Grid tie means there's a device between your system and the utility to police the connection. When we're away, any excess power we produce is pumped back into the utility which reverses the meter in effect. A new US law requires states to provide "net metering" to customers who have power generation capacity. You can't however produce for a product.

I don't want to disconnect from the utility as I'll have no batteries. Net metering laws made a battery bank a thing of the past unless you have no utility.
 
#34 ·
Do you suffer power outages during peak demand in the US? Aust didn't really have a summer this year but on the few short hot periods there were still power cuts in areas throughout the major cities due to demand out stripping supply. If we have a real summer next year things aren't looking to good at the moment. Thre is a movement developing towards linking the caravan or mobile home's battery system into the roof top solar so if the grid does drop out their roof top solar can still feed the house.

T1 Terry
 
#38 ·
Grid tie inverters have a built-in safety feature to protect lineman - if the utility opens a breaker so a lineman can work on the system, it is dangerous if there is still a power source connected to the system (ie from your solar pack). Otherwise a lineman may be working on a line (thinking it is safe since the main grid connection is opened) and get zapped from the energy from your solar system...

It would be nice if the solar systems had a built-in transfer switch - ie when the grid is alive, the inverter would work and save you money by generating power... If the grid goes down, it could throw a switch to isolate the grid, and keep the inverter connected to your home (so you still have power). I am not sure if residential solar installations have this feature, or if it can be added...
 
#39 ·
I have an older circa late 90s system, 2.2 kW, that consists of 36 BP Millenium Thin Film panels (small panels direct mounted to asphalt shingle roof) and a USA made Omnion Water Cooled Grid-Tie inverter that's rock solid and prevents islanding has all the UL certs and is safe and smart. The system paid for itself by 2001 and I have been getting free electricity since. My only regret is that my system is so small I still get energy bills most of the year, I wish I had purchased a bigger system. Oh well I guess I could upgrade! Its been one of my best investments and powers my Ford Think NEV and 82 Rabbit Convertible EV. Only real issue in so cal is that dust collects on panels and they need to be clean to generate to their full potential so I wash them occasionally or wait for rain.
 
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