Wellcraft V20 Community - Maiden Voyage!!

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I heard the other day that with oil at $100/barrel, Saudi Arabia is making a BILLION dollars a day from their oil sales.......I doubt they will pipe up and say no thanks to that.

BR.....the little boat looks good.

Quote:

Originally Posted by randlemanboater (Post 168476)

The really sad thing is that in the U.S. we have proven reserves in the ground that are greater than all the oil in the Middle East. (That's not counting the oil in the Gulf of Mexico that we're not drilling for, and at the same time are lending money to other countries so they can drill for it). So while we have a president that is driving our Country into debt at the rate of over a TRILLION dollars a year, we're doing nothing to get some of that black gold money for ourselves. I just don't understand it... honest to God, I don't understand it at all. :head:

Nice Shane, good little get in the shallows jobber too, no doubt

Quote:

Originally Posted by RWilson2526 (Post 168433)

Not wanting to hijack your thread Blue but does anybody know what the procedure would be to get oil off of the commodities market.... Ive read that the purpose of selling on a commodities market is to smooth out pricing of commodities....as a shortage is forecast the price goes up slowly so when the shortage does actually come there is not a huge out of control price spike......but Libya produces less than 2% of worldwide oil supply, Saudi Arabia says they have plenty of capacity to make up for any shortfalls from Libya or any of the other middle east countries yet the price climbs because commodity traders are buying now and selling high which is driving the price up with out an actual shortage....its bull****....Was just wondering if anyone knew if someone could just stand up and say "that's it we are no longer trading oil on this market"

Insulin is considered "essential" so not traded as a commodity...if any other commodity should be considered essential, the very fuel that drives our economic good health should be...the commodities traders drove up the last spike and no doubt their greed is in play here...so yes, it SHOULD be taken off the market as tradable...but its like BR is saying...as long as the rich get richer the way things are, it wont change...particularly due to the fact so much of the petroleum wealth finds its way into our politicians pockets...
Its not just the present administration at fault...it seems to be policy overall to use up the worlds petroleum supply before tapping into our own...

Thanks RB & Willy. Willy shallow is the plan. Get a couple of poles and at low/incoming tide go anywhere it will fit! This little boat will fit under his dad's beach house carport too so needless to say it will be nice to have a boat down there waiting for us at peak season.