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Here is an oil well that congress will let China buy for $18 billion. [Copy link] 中文

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Post time 2005-7-14 23:38:58 |Display all floors
It's almost new.  We don't know what causes it to look like that.  CNOOC can buy it for $18 billion if it wants to.
200507142338df2d.jpg

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Post time 2005-7-15 13:18:45 |Display all floors

Mr. Matt. Isn't that the "thunderous Horse" oil platform of BP-Exxon?

...of the coast of Gulf of Mexico?

Wah! You guys really up to date!

Cheerios!


fm Gd.

yes, yes Monkey God, Piggy God, Crazy Horse, Chanting Judgemental Man and the Labouring Man went West for the Sutras!

ha ha ha

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Rank: 8Rank: 8

Post time 2005-7-15 13:21:15 |Display all floors

Boy! Just when we thought that at least the Mexican oil is safe.....

...now the HURRICANES from Nature!

What to do?

ha ha ha


fm Gd.

Note: Even in Malaysia, we had some problem, you know, no WATER in Negri Sembilan, somebody turn off the WATER. ha ha ha ha ha

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Rank: 6Rank: 6

Post time 2005-7-15 14:46:19 |Display all floors

Yes, it is the Thunder Horse platform owned by BP-Exxon.

The platform is the Thunder Horse, which was damaged by a recent hurricane in the Gulf of Mexico.  

My humor above typifies the mood in Washington as oil prices hit new highs on world markets and at the pump.  Of course, Unocal doesn't have much oil, mostly natural gas.  The American mind is afraid to sell anything of real value to China, because China is on the rise and America is bogged down and divided over Iraq.  The same complaints from the same crowd were made over Lenovo, and there were a few comments about Maytag, which makes clothes washing machines.  The only place I know of where a washing machine is a national security issue in on a nuclear submarine.

Generally, China's appetite for oil also fuels its exporting efficiencies, which keeps it sending good deals to the USA.  Oil effects China's import capability too, as the Detroit auto makers already know.  The American car makers cannot sell their wares in a China that has no affordable gasoline.

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Post time 2005-7-16 07:30:14 |Display all floors

That wasn't damaged in a storm

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Rank: 8Rank: 8

Post time 2005-7-16 11:25:30 |Display all floors

Flot, Matt! Let's put in some conspiratorial rumours!

See, we have reports of Anglo-American "bullshit" to increase oil prices to "slow down" China's growth or at least prevent China from moving into the "Automotive age" - which has implications of making China's per capita income to grow from US$1,500 (pure agriculture, assembly of consumeable/durable economy) to US$5,000 (with Automotive economy + urbanization made possible by the activities of the autombile!)

See, what the British and American machinations have done so far:-

(1) They declare "reductions" in proven reserves. (That's like changing accounting rules) but it does not change the actual oil available. That initially "hit" their share market prices.
(2) They then "bloated up" American and Chinese consumption figure - creating "Visions" of multiple increase in oil consumption.

In actual effect, American oil consumption would have fallen due to rising prices. (eg. i used to use only my 2.0 Liter Sonata car and consume 350 litre a month - now i use my 660cc Kancil 2 days a week, and consume 300 litre a month!)

Yesterday China Daily reported China imported equivalent of 2.7 mbd in first half of 2005, while just PetroChina alone can domestically produce 2.2 mbd, not considering the other 2 major oil companies in China. ie. China is not having that much impact on world oil consumption compared to Japan, Korea, Taiwan, European Union and United States.

(3) As more and more nation continued to increase effort in economizing petroleum usage with the sudden rise in oil prices, the "Thunder Horse" platform to produce 240,000bpd was not needed.....


So, my conspiratorial idea is (ta dah - drum roll!!!!!)

(a) Bp-Exxon "allowed" the "obsolete"-ization of the "Thunder Horse" platform in Gulf of Mexico!!!! This will allow it to "collect" INSURANCE PAYMENTS instead of having "too much" capacity which America cannot use!!!!!!

GCC-Arab oil is probably more profitable to do then "Shale oil", "Deep Sea", "pumping depleting/low pressure oil wells"!!!!!

It is business afterall! THAT PROBABLY EXPLAINS why BP share price rose on that news!!!!

(b) This could be a reciprocal move by Britain to "warn" America of British "power" should there be "proof" of American involvement in the London bombing. This works hand in hand with the BRITISH order for the 10,000 member American Airforce and naval personnel to stay in their base in England!


ha ha ha

fun isn't it! the great game!


cheerios!


Game Master
Lord of the code.

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