Gas prices may go down in the next couple of weeks...

[kentuck]

This new, huge pipeline, the B-T-C just opened today thru Turkey and on the Mediterranean.



link: http://www.nzherald.co.nz/section/story.cfm?c_id=2&objectid=10127544

<snip>
The first drops of crude will snake their way along a pipeline that traverses some of the most unstable and war-ravaged countries on Earth. This is the oil flow that was meant to save the West, and last night the taps were to be turned on.

The 1754km Baku-Tbilisi-Ceyha pipeline has transformed the geopolitics of the Caucasus and its impact is now being felt in Central Asia.

Output is supposed to reach one million barrels a day - more than 1 per cent of the world�s total production - from an underground reserve that could hold as many as 220 billion barrels.

Its architects and investors claimed the pipeline would shore up energy supplies in the US and Europe for the next half century.

....more

[babylonsister]

1. They might also go down once anyone with any clout hears

about the disgusting profits being made.

[Ravenseye]

Wasn't that in a James Bond movie?

From The World is Not Enough I think.

[BootinUp]

4. You stole my question!

<G>

I think in the Bond movie it was Azerbijhan (sp?) where the oil originated.

On edit: nevermind, Baku is in Azerbaijhan.

[Ravenseye]

8. Yeah if I remember correctly it's like...exactly

Istanbul better watch out...wasn't the plan to nuke Istanbul so that all the oil woudl go through their pipeline?

[MoseyWalker]

2. Pseudo guilt

causes many things to happen.

Too much profit? It's being spoken by the talking news heads? Well, let's just give the peasants a few more cents in their holey pockets....for a bit

[jdlh8894]

3. Maybe in a year

First, it has to be transported and then stored . Then hopefully it can be refined.

[kentuck]

5. Study the map and then read this link:

http://www.bakutoday.net/view.php?d=13450

Putin is not happy with Dubya or Azerbaijan...

[Strelnikov_]

6. 'Oil Pipe To Loosen Opec Grip'

How does 1 M bbl/dy, a little bit more than the US gets from domestic stripper wells, 'Loosen The OPEC Grip'.

I guess hyperbole is now taught as core course in journalism school.

Also, there are now question as to whether the reserves in the region are adequate to even make the pipeline project worthwhile.

[BuyingThyme]

18. OPEC has no grip. Domestic producers simply match the OPEC rate.

Competition is strictly forbidden.

[ComerPerro]

7. Even if they go down, they will be higher than they need to be

That's why prices go up so much.


So they can gouge us for more than they should, and have us feel greatful for it.


Paying $2.50 a gallon doesn't seem so bad now, does it? Almost feels like a steal.


But if someone wanted to charge you that even five years ago, you would have told them to go screw.

[Greyhound]

9. They will go down about the first week of Sept. to help the Repukes

hold on to their power for two more years. The numbers have shown repeatedly that the price we pay is nothing more than the energy consortium manipulating the prices with smoke and mirrors.

[tabasco]

14. I agree completely.

One of the current regimes objectives was to generate enormous profits for their buddies that own the oil companies.

Supply wil not affect prices with this gang in charge.

Mission Accomplished !

[Selatius]

10. This is why Russia interferred heavily with Georgian elections

Tbilisi is in Georgia, and they wanted a pro-Russian government in power there. Then the Velvet Revolution happened, and the regime there is ostensibly pro-US.

[kentuck]

12. And that is why Putin was shown in Venezuela shaking hands with Chavez?

today. It all ties together, doesn't it. Pooty did not like the way Dubya stabbed him in the back, I guess?

[The Anti-Neo Con]

11. I'll have to see it to believe it!

Exxon Mobil & Conoco Phillips are just not making enough profit ya know!:sarcasm:

[Jack_Dawson]

13. Right around October, is my guess

Know what I'm sayin'?

[Greyhound]

15. Yep, I gave it an extra month to convince the sheeple that things are

really getting better before they vote.

[SammyWinstonJack]

16. Don't want to introduce a new product in August, ya know? Price will

drop in time for people to forget, just before the '06 election fiasco. Same pattern, as always.

[IDemo]

17. This will have zero effect on gas prices until next year

and then, not by much:

"--(BTC) will pump 1 million barrels per day of Caspian Sea oil toward
Western markets when it becomes fully operational next year."

Which is still just over one percent of total global daily consumption.

[QuestionAll...]

19. if your roads get bombed, yes they will... nt

[DemoTex]

20. Praise Jesus! More oil! Just in time for football season.

Let's hook a trailer to the H-2 and go to a game!

:sarcasm: