Home › Forums › Financial Markets/Economics › Is Dubai about to go Bankrupt?
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patb.
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November 30, 2009 at 1:19 PM #489079November 30, 2009 at 2:09 PM #488241
Arraya
Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.
All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.
John[/quote]
Your correct it has nothing to do with costs of production. It is a price point auction mechanism the the world uses for price discovery given the supply/demand pressures. However if that goes below the cost of production of new discoveries the whole system seizes up and shuts off and we go back to the stone age. Which is why the price is elevated. The invisible goldman sachs hand is helping the market out because the stupid market does not understand costs of production of new fields.
What the costs of the production are for the 100,000 plus pumping oil reserves is irrelevant. What the cost of production of new discoveries are highly relevant. With $25-30 price per barrel nobody wants to go find new oil. Nobody finds new oil, industrial civilization no more.
November 30, 2009 at 2:09 PM #488407Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.
All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.
John[/quote]
Your correct it has nothing to do with costs of production. It is a price point auction mechanism the the world uses for price discovery given the supply/demand pressures. However if that goes below the cost of production of new discoveries the whole system seizes up and shuts off and we go back to the stone age. Which is why the price is elevated. The invisible goldman sachs hand is helping the market out because the stupid market does not understand costs of production of new fields.
What the costs of the production are for the 100,000 plus pumping oil reserves is irrelevant. What the cost of production of new discoveries are highly relevant. With $25-30 price per barrel nobody wants to go find new oil. Nobody finds new oil, industrial civilization no more.
November 30, 2009 at 2:09 PM #488790Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.
All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.
John[/quote]
Your correct it has nothing to do with costs of production. It is a price point auction mechanism the the world uses for price discovery given the supply/demand pressures. However if that goes below the cost of production of new discoveries the whole system seizes up and shuts off and we go back to the stone age. Which is why the price is elevated. The invisible goldman sachs hand is helping the market out because the stupid market does not understand costs of production of new fields.
What the costs of the production are for the 100,000 plus pumping oil reserves is irrelevant. What the cost of production of new discoveries are highly relevant. With $25-30 price per barrel nobody wants to go find new oil. Nobody finds new oil, industrial civilization no more.
November 30, 2009 at 2:09 PM #488878Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.
All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.
John[/quote]
Your correct it has nothing to do with costs of production. It is a price point auction mechanism the the world uses for price discovery given the supply/demand pressures. However if that goes below the cost of production of new discoveries the whole system seizes up and shuts off and we go back to the stone age. Which is why the price is elevated. The invisible goldman sachs hand is helping the market out because the stupid market does not understand costs of production of new fields.
What the costs of the production are for the 100,000 plus pumping oil reserves is irrelevant. What the cost of production of new discoveries are highly relevant. With $25-30 price per barrel nobody wants to go find new oil. Nobody finds new oil, industrial civilization no more.
November 30, 2009 at 2:09 PM #489109Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes. Maybe if everyone pay a straight % then more people would get involved in how much money is being wasted.
All I am saying is the only reason Oil costs what it does now is to keep countries from going under. Has very little to do with costs of production.
John[/quote]
Your correct it has nothing to do with costs of production. It is a price point auction mechanism the the world uses for price discovery given the supply/demand pressures. However if that goes below the cost of production of new discoveries the whole system seizes up and shuts off and we go back to the stone age. Which is why the price is elevated. The invisible goldman sachs hand is helping the market out because the stupid market does not understand costs of production of new fields.
What the costs of the production are for the 100,000 plus pumping oil reserves is irrelevant. What the cost of production of new discoveries are highly relevant. With $25-30 price per barrel nobody wants to go find new oil. Nobody finds new oil, industrial civilization no more.
November 30, 2009 at 4:40 PM #488291Nor-LA-SD-guy
ParticipantAnyway back to Dubai
My guess is that they will let the dust settle then Nationalize everything once the debt is removed
P.S.
( I think we can endlessly go in circles on whether the industrial world can survive without Oil that comes from the ground)November 30, 2009 at 4:40 PM #488457ParticipantAnyway back to Dubai
My guess is that they will let the dust settle then Nationalize everything once the debt is removed
P.S.
( I think we can endlessly go in circles on whether the industrial world can survive without Oil that comes from the ground)November 30, 2009 at 4:40 PM #488840ParticipantAnyway back to Dubai
My guess is that they will let the dust settle then Nationalize everything once the debt is removed
P.S.
( I think we can endlessly go in circles on whether the industrial world can survive without Oil that comes from the ground)November 30, 2009 at 4:40 PM #488928ParticipantAnyway back to Dubai
My guess is that they will let the dust settle then Nationalize everything once the debt is removed
P.S.
( I think we can endlessly go in circles on whether the industrial world can survive without Oil that comes from the ground)November 30, 2009 at 4:40 PM #489159ParticipantAnyway back to Dubai
My guess is that they will let the dust settle then Nationalize everything once the debt is removed
P.S.
( I think we can endlessly go in circles on whether the industrial world can survive without Oil that comes from the ground)November 30, 2009 at 9:58 PM #488446patb
Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes.
John[/quote]
John
If Democrats paid as much in taxes as republicans this country would be broke.
Most republicans are broke making low wages and living off the taxpayers in various ways.
While Republicans like to style themselves as rich, the reality is most Blue States are the wealthy states of the union, and it’s the GOP counties that are the poor counties.
November 30, 2009 at 9:58 PM #488612Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes.
John[/quote]
John
If Democrats paid as much in taxes as republicans this country would be broke.
Most republicans are broke making low wages and living off the taxpayers in various ways.
While Republicans like to style themselves as rich, the reality is most Blue States are the wealthy states of the union, and it’s the GOP counties that are the poor counties.
November 30, 2009 at 9:58 PM #488995Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes.
John[/quote]
John
If Democrats paid as much in taxes as republicans this country would be broke.
Most republicans are broke making low wages and living off the taxpayers in various ways.
While Republicans like to style themselves as rich, the reality is most Blue States are the wealthy states of the union, and it’s the GOP counties that are the poor counties.
November 30, 2009 at 9:58 PM #489083Participant[quote=jficquette]If Democrats paid as much in taxes as Republicans then they would be paranoid about them too. Democrats pay at most maybe 10-20% if the federal income taxes.
John[/quote]
John
If Democrats paid as much in taxes as republicans this country would be broke.
Most republicans are broke making low wages and living off the taxpayers in various ways.
While Republicans like to style themselves as rich, the reality is most Blue States are the wealthy states of the union, and it’s the GOP counties that are the poor counties.
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