US oil prices rise, supply falls during Bush years

When Bush/Cheney seized the White House, did they really expect a reasonable energy policy? I thought at the time that oil executives do what they do best: keep prices up to reap huge profits, even if that means illegal invasions based on blatant lies into sovereign countries with significant oil reserves. Even if that means an unrelenting attack on the environment to get that precious barrel of oil.

This idea that Bush/Cheney would usher in some kind of responsible energy policy based on conservation and alternative energy choices, such as renewable fuels, is bogus to say the least.

"Dream Team?" Ha...more like a nightmare! :grr:

From Barrie Zwicker's "The Great Deception"
Part 4 of a multi-part series
Transcript of Mon.,Feb 11, 2002 Broadcast
(note: before the Iraq invasion)

“What Really Happened on Sept. 11th? "Part 4 (the Oiligarchy)"

Even among those who believe that the war on Afghanistan was part of the so-called war on terrorism, there’s a fairly wide recognition that the outcome – the occupation of Afghanistan -- might have something to do with the ambitions of U.S. oil corporations.

Which brings us to the connection between September 11th and the Oiligarchy. Let me start with a crash course in globe-oil reality. A framework little mentioned by the mainstream media.

First, the size and power of Big Oil. “Together, oil and coal constitute the biggest single industry in history,” writes Ross Gelbspan in his book, The Heat is On. “Big oil alone does well over a trillion dollars a year in business.”

Second, we’re at the end of the petroleum era. Total world oil extraction is peaking. These charts, from Scientific American and other equally reliable sources, tell the story. And the supply does not drop off gently.

If you think this industry is rich and powerful now, wait ‘til the supply is clearly on the wane. At the website www.dieoff.com, you can learn that “in 1995, Petroconsultants published a report for oil industry insiders ($32,000 per copy) titled WORLD OIL SUPPLY 1930-2050 which concludes that world oil (extraction) could peak as soon as the year 2000 and decline to half that level by 2025. Large and permanent increases in oil prices were predicted after the year 2000.”

Black gold is going to go platinum.

(more)
http://www.visiontv.ca/Archive/Archive4.html

It looks to me that we're in a "get it while the gettin's good" mode. Peak oil has been known for some time. Why haven't we done anything about it? Jimmy Carter tried and set an example by turning down the WH thermostat and wearing sweaters, and installing solar panels on the roof. He was ridiculed. Reagan took the panels off and no more has been said of it. Bush and his kind MUST know the situation, but prefer to "get theirs" and to hell with the rest of us.

Alternative fuels was/is worth a look. If I recall correctly, there was much attention given to renewable energy during the 1970s. That all changed with the Reaganites. Just think where we'd be today if that interest had continued unabated.

Oh, Welcome to DU!!! :hi:

CLJ4 Light Sweet Crude Oil Apr (NYMEX) 37.13 +0.49

http://quotes.ino.com/chart/?s=NYMEX_CLJ4&v=dmax

Nation-wide crude stocks stood at 286,166,000 bbls.
On Feb. 27, 2004….Nation-wide crude stocks stood at 202,000,000 bbls.

On Dec. 29, 2000….WTI crude closed at 26.80 / bbl
As I’m typing….WTI is at 37.22 / bbl

Clinton’s last 3 years in office….WTI averaged 21.32 / bbl
The twit’s first 3 years in office…WTI averaged 27.70 / bbl

So far this year…the average is 34.62 / bbl

I think you have to look at geo-politics and the dollar as the main reasons for the big change and then ask yourself….what changed within?...I believe the answer lies within the difference in policy and the administration of policy of the two administrations.

Numbers don’t always tell the story, but on the surface….it’s pretty fucking damning…

know about energy is how to rape the company they're working for, or country in recent times.

Has there been any credible explanation for the rising fuel costs from the administration?

pointing out about how the high gas prices were due to all the taxes on gasoline (an indirect attack on Clinton/Gore).

Since 12/12/2000, you haven't seen any. I stuck one on a pump pointing out that the gas prices dropped as soon as Jeffords jumped ship, but it was gone in a week.