US Oil Production And OPEC

Coober Peddy? The Opal mining town?!?

 

Coober Pedy actually, My fault on extra d.

And yes that's the one though who cares about the opals, Filmed Mad Max Thunder Dome there, Way more important.

 

No,no, no! I remember watching educational movies about Coober Pedy back in the 70's! Whodda thunk?

 

Fingers crossed on it being to the larger end of the scale, Could have Australia supplying all the oil for Oceania and South East Asia.

 

Ah ok, interesting view. Wonder why so many complain that all the jobs go overseas. But as long the companies make huge profits everything is fine (except for the laid off of course, but who cares about the people as long profits / stocks go up)

 

The many that complain are the workers whom have lost their jobs.

The "real" money, nowadays, is in the intellectual property rights(research & design), and not manufacturing of the actual product. Manufacturing tends not to be worth all of the headaches associated with it. It is far more profitable and easier to create the design and then license it out to someone or several someones, and let them deal with the manufacturing headaches.

 

Yes, I believe that the price of gas has bottomed...It has just gone up some 22 cents in the past two days. It jumped a dime yesterday, and another dime today.

 

Of course some US corporations aren't the property of US citizens any more and some "foreign" corporations are at least partially US owned. Nothing is really that simple anymore.

 

Globalization....

Also who made the quote "money knows no borders" ?

“The hand that gives is among the hand that takes. Money has no fatherland, financiers are without patriotism and without decency, their sole object is gain.”
― Napoléon Bonaparte

“...vast accession of strength from their younger recruits, who having nothing in them of the feelings or principles of ’76 now look to a single and splendid government of an Aristocracy, founded on banking institutions and monied in corporations under the guise and cloak of their favored branches of manufactures commerce and navigation, riding and ruling over the plundered ploughman and beggared yeomanry.”
― Thomas Jefferson, Letters of Thomas Jefferson

 

Both of those are a bit one sided though aren't they?

 

Why do you think so ?

 

Jefferson, as usual, was railing against the Federalist Party, his age old enemy.

 

I thought he is one of the heros of american independence from Britain.......

But Napoleon at least is right, in fact most of the things he said were.

 

Just because he is/was a "hero", does not mean that he did not have his own share of failings, contradictions, and weaknesses.

If you want to read his whole letter, instead of just a snippet, it can be found here: http://founders.archives.gov/documents/Jefferson/98-01-02-5771

 

I have my doubts as to the authenticity of the Napoleon quote.

Wasn't "The hand that gives is above the hand that takes." quite an old saying

 

very true

 

Probably, however the "money has no fatherland" saying was the main point in this quote I think....

 

Hoping this thread continues its' interesting flow...
Don't want stump material here. This is about current OPEC issues. Will repost Bitter Lake in the Stump, where folk could discuss deeper.

Viewed probably the most informative video have ever seen regarding this subject. And it is the bomb.
Adam Curtis', "Bitter Lake".
An agreement made in 1945. Oil for protection that lasts to this day.


Bitter Lake:
​BBC documentary 'Bitter Lake' is 'too dangerous' for TV — RT Op-Edge

▶ Adam Curtis - "Bitter Lake" - YouTube

 

#66
Good conversation.
Comparing western womens ( domestic violence ) plight vs what sharia law imposes on their women was ur first mistake GS.
Now comparing US capitol punishment (murderers) vs stoning/beheading/maiming/ lashing for things we here may not even serve jail time for.
Care to alter your view...
Please comment on the "Bitter Lake" doc.

 

You'll be so kind as to not confuse the issue with irrelevant, tangential, out-of-context references to old random posts made outside this thread, unless you want to quote that conversation, or continue that particular discussion in that thread.

Some societies manage to punish murderers without implementing the costly, messy death penalty. They consider themselves better societies for it, and condemn the barbarity of the death penalty. My question remains; Should those societies refuse trade with nations that still implement the death penalty?

There are crimes (misdemeanors and felonies) in the US, for which in foreign countries you'll never face jail time nor fine.

There will always be differences between cultures as to what is acceptable behaviour, and what a suitable punishment is for transgressors. Thereof, the ancient adage: "When in Rome, do as the Romans", and attributed to St Ambrose, ca 370 AD.

Care to alter your view?