[sillysally]

Originally Posted by neutralino Unfortunately, the earth is spinning along its magnetic axis, and thus wrapping coils around the earth would not produce electricity: one would need the earth to be spinning across is magnetic axis for this idea to even have a chance of working.

How do you explain lightening?

[sillysally]

Originally Posted by RascalPuff Dear Sillysally: OPEC is the cartel of international petroleum tycoons - the wealthiest and most powerful people in the world, followed by the weapons industry. Best regards, - RP

Ewe, they sound like drug dealers.

[Profpat]

Originally Posted by sillysally Ewe, they sound like drug dealers.

Hi Sally;

A lot larger than drug dealers. A little information from our friends at Wikipedia:

OPEC Quotas and Production in thousands of barrels per day [19]CountryQuota (7/1/05)Production (1/07)CapacityAlgeria8941,3601,430AngolaN/A1,4901,490Indonesia1,451860860Iran4,1103,7003,750 Iraq1,481Kuwait2,2472,5002,600Libya1,5001,6501,700 Nigeria2,3062,2502,250Qatar726810850Saudi Arabia10,0998,80010,500United Arab Emirates2,4442,5002,600Venezuela3,2232,3402,450Tot al28,00031,98132,230

Now according to my math 32,230,000 bbls per day, X ~ $100 = $3.2 billion a day X 365 days =~ $1.2 trillion per year.

Any bets on the USA invading Iran?

Best to all,

Pat

[sillysally]

Originally Posted by Profpat Hi Sally; A lot larger than drug dealers. A little information from our friends at Wikipedia: OPEC Quotas and Production in thousands of barrels per day [19]CountryQuota (7/1/05)Production (1/07)CapacityAlgeria8941,3601,430AngolaN/A1,4901,490Indonesia1,451860860Iran4,1103,7003,750 Iraq1,481Kuwait2,2472,5002,600Libya1,5001,6501,700 Nigeria2,3062,2502,250Qatar726810850Saudi Arabia10,0998,80010,500United Arab Emirates2,4442,5002,600Venezuela3,2232,3402,450Tot al28,00031,98132,230 Now according to my math 32,230,000 bbls per day, X ~ $100 = $3.2 billion a day X 365 days =~ $1.2 trillion per year. Any bets on the USA invading Iran? Best to all, Pat

I just read a little bit, the council wants to be paid in euros instead of dollars now. Is that why we are paying more in fuel, because the dollar is lower than the euro?

[Profpat]

Hi Sally:

The dollar has been falling significantly and steadily against the other currencies, except for the Japanese Yen and the Chinese Huan. ( they artifically keep their currency low )

At one time 85 cents would buy you 1 euro now it takes~$1.45 to buy one euro. Since the dollar keeps falling which currency would you want to be paid in?

Further research on oil reserves by nations:
Greatest Oil Reserves by Country, 2006

Rank Country Proved reserves
(billion barrels) 1. Saudi Arabia 264.3 2. Canada 178.8 3. Iran 132.5 4. Iraq 115.0 5. Kuwait 101.5 6. United Arab Emirates 97.8 7. Venezuela 79.7 8. Russia 60.0 9. Libya 39.1 10. Nigeria 35.9 11. United States 21.4 12. China 18.3 13. Qatar 15.2 14. Mexico 12.9 15. Algeria 11.4 16. Brazil 11.2 17. Kazakhstan 9.0 18. Norway 7.7 19. Azerbaijan 7.0 20. India 5.8 Top 20 countries 1224.5 (95%) Rest of world 68.1 (5%) World total 1,292.6 NOTES: Proved reserves are estimated with reasonable certainty to be recoverable with present technology and prices.
Source: Oil & Gas Journal, Vol. 103, No. 47 (Dec. 19, 2005). From: U.S. Energy Information Administration. http://www.eia.doe.gov/emeu/international/petroleu.html .

This would mean Iran's oil reserves are worth ~ $ 13 trillion.
I'm betting we will invade, so the oil companies can control their oil.

If I was Canadien, be afraid, be very afraid.

Best to all,

Pat

[MJA]

President Goerge W Bush, Texas oil man.
Vice President Dick Cheney, Ex Ceo Halliburton, The largest oilfield services and product company in the world.
Iraq oil fields, known to be second largest known reserve in the world, worth trillions.
Green Zone sits directly on top of the oil.
America, a military machine with an oil man in charge.
2+2=4
Need I say more!

=
MJA

[Profpat]

Hi MJA;

I take it you don't want to make a bet with me?

Best,

Pat

[MJA]

Hi Professor,

I'm not really a betting man, but do you have any trouble with a country that has alot of nukes calling another country an evil empire, and invade or threaten to invade them, if they try to have them too. And what does that make us? Is that hypocrisy, the spread of Democracy or something else?
Do good guys have nuclear weapons?

=
MJA

[sillysally]

Ok, so OPEC won't allow a new energy source unless they control the switch? So America goes to war to get in control, but isn't America a part of the OPEC council? Why is the government funding research when nothing can happen unless OPEC is out of the way? Is that money just paying people to have jobs that do nothing?

I just did a survey (I get paid to do those sometimes) and it was on energy. It mentioned that Shell was doing more than the other companies. All they did was develop a biometric way to pay for gas.

You know, I would be happier if more sidewalks were developed in the meantime instead of paying for research that isn't going to happen. All that money spent on war, research and new highways instead of engineering more public transport and sidewalks is ridiculous. I live in an area where you can't get anywhere without a car, sure I can walk to the corner market but there isn't any sidewalk (it looks like one is being built though). But most places don't have a market around the corner, let alone sidewalks for people that want to conserve.

[Profpat]

Hi MJA and Sally;

MJA; It's good you're not a betting man. I like blackjack and poker ( not that horrible Texas Holdem, but draw and stud ). I have to admit my retirement fund might be larger if I never gambled.

My big three worst inventions that i picked were Cigarets ( Sorry Sally I hope you can quit ), Autos and Nuclear Weapons. Cigarets and cars probably caused the most deaths, but nuclear weapons have an awesome potential for catastrophic destruction.

I agree with the president of Iran in that it's not fair.
But as with my children when they were young and gave me that argument; my response was always the same TOO BAD.

You really wouldn't want to see Iran with those weapons, if they had them they would have used them already so they could all have their 72 virgins'

I think it's to mankinds credit that the only time we used them against one another was at the end of WWII. I really don't think we would have had that 62 year moratorium if the Arab nations had them. I'm not trying to be prejudiced here, only realistic.

Sally:

There is a reason why oil went from $20 a bbl, to nearly $100 a bbl. It's called manipulation of the market which the oil companies are able to do now, since they CONTROL not own most of the oil. OPEC oil is controlled by those very same companies with U.S backing.

My guess is that there are other more efficient sources of energy, being held on the shelves.
Right now the oil companies and the USA rules, part of the reason for the war in Iraq.
Iraq was selling to the Germans and French, thus keeping the market down.

I'm sure ( well maybe not ) that Lloyd would agree with me that the 1st thing capitalist do is try to control the market.

Well so much for happy talk on a beautiful Saturday morning.

Best,

Pat