From Standard Oil to Big Oil

[GojinEdowara]

One more thing, an Affiliate marketing Campaign would generate lots of subscribers!

I would affiliate with the Real News.

[GojinEdowara]

3:50

Incorrect. Obama is Big Oil. Ron Paul was the threat. Obama is a temporary compromise between Us and the Oil Lobby.

[sinitskyd]

She looks like Hanan Ashrawi, a Palestinian legislator. Although she seems to be with Jewish roots based on her last name. But I agree with her that big oil was backing Republicans, while banks were backing Democrats. American public went with the banks. And she is wrong about oil reaching $140 causing jittery markets. Oil got so high because of dollar weakness, becasue of lax FED policies. She is insane!

[UnderseaCaveman]

Is she insinuating that all these "Oil Traders" aren't looking to "cut each other" to make profit. When someone goes "long on margin" someone else is bound to go "short". However, in the end contract have to filled/delivered!

She also overlooks the fact that the largest owners segment of the large Oil Companies is the PUBLIC....you and I! When the stocks of Oil Companies decline, we suffer via 401k, etc!

She kinda sucks!

[Showmeyourtitties]

David Archuletta? He's an author now?

[DillonX]

Saw on the news last night how they're about to use the oil from pond scum (plankton)for fuel & it has the extra benefit of sucking up CO2.

The pt is -- we'll always have energy sources (Anartica may have more petro than anywhere else). But who'll control them?

We now have 224 countries, but EXXON has more revenue than the combined GNPs of the bottom 112.

There is 2 much of a concentration of power in the big 6 & we need to push, as Teddy Roosevelt did, for a division of power.

[MooseOfReason]

DillonX, What happens as a result of the "concentration of power"?

[DillonX]

Mooseofreason: You ask --

DillonX, How are they screwing us?

----

I live N of Houston in an area w/ many Oil Execs.

I've seen the lavish parties where they have food enough for 5 times as many people as invitees & the buckets of scrimp are just tossed in the garbage.

And they pick up employees in limos - even secretaries.

I could go on & on (you wouldn't believe some of the mansions) but they do everything in their power to make it look like they aren't making huge profits.

[MooseOfReason]

A lot of people have parties.

I don't think someone having a Bar Mitzvah should be charged a windfall profits tax, though.

[showtp]

Lesbian interviewing lesbian?

[shellius]

So to Neanderthal men, two women who don't look like Barbie dolls must be lesbians. Yeah, that makes sense. Except in the porn you watch it's the Barbie dolls having sex with each other, isn't it. So I guess that means all women are lesbians. Which doesn't explain the need for you at all.

[DillonX]

When Standard was screwing the lower & middle classes with high prices, it was Teddy Roosevelt, a Republican, who said this rape of the lower classes must stop & pushed to have Standard divided.

In the end Standard was divided into over 30 companies -- but the main ones were EXXON and MOBIL.

Then the Republicans pushed (and the Democrats didn't stop them) to have them brought back together so they can screw us again.

[MooseOfReason]

DillonX, How are they screwing us?

[weeds121980]

Liberals always need a boogy man. Democrats won because republicans couldn't get the job done with absolute power. The same will happen to democrats. Absolute power corrupts.

[jhenson04]

Do you see how the "reporter" smiles as she talks about Ida Tarbell "taking down" taking "him down along with his company"?? This is socialist news. This is not independent news, this is not real news. Great, another CNN competitor.

[pokerslut530]

Socialist news? Do you even understand the true meaning of the word, or are you simply repeating catch phrases you've heard on the media? Because this whole video has absolutely nothing to do with SOCIALISM. You retarded republicans need to learn that anti-monopoly policies != SOCIALISM. For god sakes, at least look up the definition of the word! You wanna talk about socialism so much, talk about the bailout. That is as socialistic as America can GET.

[jhenson04]

Yes; socialism is a system in which the community owns the means of production. The smile on the reporter's face suggests she approves of bringing down this man's accomplishment. I am hostile to unaccomplished carpers in the media patting themselves on the back for destroying productive enterprises. I was against the bailout, as I am against most government intervention in private affairs. Your incivility suggests to me you often lose arguments of this nature.

[pokerslut530]

Ummm I just watched the whole video for a second time and I don't see what the hell you're talking about still. Do you mean at around 2:43 when she is talking about how this lady exposed the monopolized wrongdoings of standard oil and then with a slight grin says to "try and reign in these activities" ? She is talking about their illegal business practices, this is bad?? If you think so, you're seriously insane. My incivility is due to the sheer absurdity of your comment, duh?

[jhenson04]

I'd guess you're either a control freak or work for "Real" News.

[pokerslut530]

Why cuz I responded to comments left on my comment? I don't believe either to be true - but definitely am not a Real news employee.

[17Spartacus76]

mises . org / story / 2694

mises . org / books / antitrust . pdf

Start on page 40 of the book, page 56 of the pdf.

[odin422]

she's wrong Gasoline will stay 1.50 for a long time.

[P3coTrain]

what happened to global warming? always referred to climate change now! bait and switch? flip flopping mofo's

[kurtilein3]

p3cotrain:

at the beginning, there was the fact that our planet gets warmer. this fact is called: global warming. this fact required an explanation.

my guess would be that climate change is the name of that explanation. its an accepted scientific theory now. and ``global warming´´ really isnt a good name for a scientific theory that is capable of explaining more than just that.

[P3coTrain]

your entitled to your guess. facts suggest that global warming is due to the sun and not co2. mars has ice caps and they were melting. now the ice caps on both earth and mars are growing back. this little switch in terms allows them to cover up the fact that the globe is now cooling while pushing the same agenda of carbon tax!

[AlternativaLatina]

as always RealNews is always on target.

best wishes.

[Psilo007]

And also, very important, people donate to this channel, it's like the PBS of REAL news. You will NEVER get straight news on TV, seriously don't watch any of the mainstream media. They've busted Executive branch plants on every major TV network, propagating false info about the war. This group 'real news' is the realest news you'll get.

You can paypal them 10$ 20$, I've actually pondered how they've been going so long.

give 10, 20, a month, geez were giving 20% to our corrupt gov. Be well ppl

[t4705mb6]

If you focus on the oil industry you are simply missing the head of the snake.

The central bankers OWN big oil.

The central bankers also own auto makers, insurance companies, defense industries, ALL health care, ALL mass media, tax free "foundations", Universities, ALL power resourses, major construction companies, environmental businesses, major manufacturing, major sales outlets, fast food, food production, chemical companies and governments.

Don't be misled.

[Psilo007]

History repeats itself. Politics is the Control. Your complete life has been legislated.

I like the idea of organizing and digging and owning the government, in this case the incumbent neo-cons. We rose up and said NO!

SORRY FOLKS,

Companies are GREEDY by nature. They will take over our government if we let them.

WE ARE GOING TO PAY ALMOST 1 TRILLION ON PRIVATE SECTOR SCREW-UPS. Great job CONservatives, no not you TRUE Conservatives.

[teemuruskeepaa]

Its the old rich white anglosaxon men whom are to blame

[stevenaudet]

Yeah! Kill all the white men! (NOFX) ;)

[sugarpuddin88]

The USA sent army's to support Standard Oil in the early 1900's

There is so much oil in Gill, Alaska that they have to pump 1 billion cubic feet of natural gas BACK INTO the earth every 24 hours!

There is NO peak oil: Rather capped oil wells & few oil crackers

Oil Barrons limit supply to keep price & profits high

Oil was $20 before Iraq; & up to $157 after: Because the USA turned OFF 97% of the oil production of Iraq!

Oil bribes politicians because there is no democratic protections in USA

[kurtilein3]

sugarpuddin88:

if our oil-consumption grows exponentially,

and if oil is a limited resource,

then peak oil is a mathematical fact.

our oil consumption doubles every 12 years. IF we used up 25% of all our oil today, THEN we would completely run dry in 24 years. if we could magically double the amopunt of oil on the planet, this would give us 12 more years.

problem: we already used probarbly more than 50% of all the oil that has been there. now you DO THE MATH and tell me how long that lasts.

[ferrozm]

that stupid cunt is wrong. de-regulation had nothing to do with it. It was all the federal reserve and govt' intervention in the markets.

[jfv65]

please, use *civilised* language...

bad language does NOT help to support your point of view! In fact it destroys YOUR credibility.

[NewOrder915]

i love you. but dont want to contribute

[abilityoflove]

As long as people believe in possessions more than in human spirit, the big corporations will define the reality.

[iodyn]

very well said

[jhenson04]

I suggest that your be the first to divorce your spirit from your possessions. Lead us down the proper path! Just give them all away! (and throw them out in my garbage.)

[abilityoflove]

Don't be greedy ;)

[charlessmyth]

If Antonia Juhasz and her associates expended their intellect and energise into bringing alternatives to oil to the market instead of digging up trivia about Standard Oil, it would be time and energy better spent. Americans have many news outlets to choose from via the Internet. DW-World and France 24, for instance, are good alternatives to Amero-centric news. Futures markets are essential to incentivise investment in the oil industry and controls prices.

[NewOrder915]

hybrid engine is an alternative usage of oil. do you know how much a car with such engine costs?

DW or france 24, both are corporations, real news isnt! and therefore it isnt bias, no matter if they are american centric or not.

what do you mean by futures markets? (is it to do with finance and trade with securities?)

[charlessmyth]

A futures market is where buyers and sellers CONTRACTUALLY agree on a price for a given quantity and quality of product for sometime in the future. Aside from oil, this enables wheat and pork producers to figure out how to plan and finance for this year's production and be able to raise capital. TRN has a left-wing bias, in my opinion. A hybrid powered vehicle is comparatively more expensive to purchase initially, but may have a higher resale value than its petrol/diesel counterpart.

[NewOrder915]

yeah, that the future markets that i meant. i studied finance at uni as my bus management degree, but i hated finance.

how can you assess the value of money so easily?

not everyone will want to gamble their money in the future market!

it wouldnt be fair to impose everyone to buy a car with a hybrid engine nor to force businesses to refrain from selling regular engine cars. The market would just bound to fail that way and the economy will go to a down fall

[charlessmyth]

Free Market Principles (FMPs) like Futures Trading, get hijacked by government as price fixing and/or interference of supply and demand. Government operates Monopoly principles, with the opportunity to blame FMPs when things inevitably fail. On a Free Market, oil would be at its proper price and substitutes would be a matter of choice at the proper value. Money is a commodity used in exchange for commodities: oil, wheat, pork... The disconnect is having fiat money masquerading as a commodity.

[NewOrder915]

you seem to have some good economic knowledge and i respect your opinion more than many of those youtube dumbass commentators.

but the fear behind Free Market Principles is that no one thinks of how much is consumed. whether it is far from enough. take USA as an example, it consumes 80% of the natural resources. it consumes 4 times more than the whole world. People just not know how much to

consume without leading to a market failure. i wouldnt describe the gov as hijacking

[charlessmyth]

The US consumes this % of oil because US policies keep oil prices low, so US car drivers can afford to use it inefficiently. It must be remembered that the US is a continent 3 times the area of the EU and has a higher demand for oil than Germany or France by default. Even so, the US airline biz demands fuel efficiencies to keep airfares competitive. The US also uses a lot of power for summertime air conditioning, etc. China and India will soon outstrip the US for demand of known reserves.

[NewOrder915]

"China and India will soon outstrip the US for demand of known reserves. "

the oil will finish when that happens. oil is estimated to last for 25 years. higher increase in demand will leave us for 10 years of oil

[charlessmyth]

This why we have to go Nuclear, quit raking muck about Standard Oil which has done a huge amount of good in comparison to the situation which prevailed prior to Standard Oil--just think of all the whales that weren't killed for high grade Whale-oil for oil lamps, for example :-)--and get on with developing viable complementary technologies, which do not depend on fossil fuels. This is why you are going to Oxford University?

[NewOrder915]

i wouldnt put too much in nuclear technology. what if there was a nuclear war? Iran wants to use nuclear energy and it has a mad leader. This doesnt work well for the world!

countries just need to prepare for oil to be finished. no one seems to care. what they need to do is increase their self-sufficiency and decrease dependency on imports. Also being more industrious could help. If you think of Russia, its export is oil, it needs to apply those principles cause with no oil, it hasnt got much

[Realizalize]

..and you need to secure the waste for thousands of years!

any idea for the next decade?

[charlessmyth]

The world has a lot more to worry about than nuclear wars as a consequence of nuclear power. The increasing ineffectiveness of antibiotics and the inequity of water distribution are a couple of major problems which will demand the utmost in human ingenuity to resolve.

[Pleblian]

@charlessmyth... This is true and Canada seems to be the place were the US gets most of thows resources.

And that scares the shit out me.

[charlessmyth]

Canada is where the US gets some of its resources and which pays for Canadians to have the standard of tax funded social services that Canada's citizens enjoy, in comparison to the citizens of the US. Frankly, I don't see how this is a problem for Canada. Beats working for a living.

[spartan2600]

Canadian's don't have a better standard of living because the US has graced them with their business. Canadian's have higher taxes, and in return get all the services they enjoy, including universal healthcare. Their military spending isn't a black hole to their budget like it is with the Pentagon. They don't have 1000 military bases around the world, ready to invade whenever the US feels like it.

[McOath]

and yet regardless competition always necessitates an increase in production as one of the two ways inwhich a company can lower prices without loosing profits, putting the world onto a constant cycle of increased production, that is simply unsustainable and will collapse when the enviroment can no longer handle it. And let's not firget the constant trend in the free market towards creating oligopolies, there used to be 100s of car companies in the states now there are 3.

[charlessmyth]

80% of the world live in dire poverty which can only be addressed by higher diversity of productive activity so they can earn the money to at least buy food. As Prince Philip pointed out, there is no possibility of feeding a world Pop in excess of 6-billion by subsistence and/or organic farming methods. Same applies to the 1st world with its increasing demand for higher living standards, across the board. Eric R. Pianka has an answer. Do you want to choose it? Nature doesn't care either way.

[impalapez]

unless they actually grow the food themselves, instead of buying into the World Health Administration, and the International Money Fund, organic, biodiverse farming practice is the answer to the monoculture crop harvesting...the silver lining in this economic cloud is that the Market will equallize into a local/regional economy of scale...

[charlessmyth]

The world population is now too large for any degree of prosperity to be gained beyond mere survival. Food production which is of any real nutritional value is very limited to certain crops, and types of animals. Which need water, fertilizer and cereals to produce. At best you would have to accept a standard of living similar to that which prevailed in medieval Europe, since the opportunity for trade would be extremely limited. And diversity of trade is essential for modern life.

[Pleblian]

charlessmyth... Again true, population control is paramount.

[impalapez]

I checked out your guy Pianka, and he has some interesting theories. However, as he put it, don't bring up an argument, or opposing point of view w/out back up...I would ask you to check out some of my playlists, specifically edible estates, or "eat". Also have a look at some of those I subscribe too.

It would depend on how you define prosperity.

I don't think of prosperity as a 5000 square foot house and a pair of Lexus' in the driveway.

[McOath]

that's absolutely true and it is capitalism's drive for over production for the sake of competition that has left us with such a massive population and numerous enviromental problems. could you give me more to research on Pianka, all I can find is that he works with lizards in deserts.

[charlessmyth]

Pianka works with lizards in the desert and advocates the extermination of the majority of mankind. He has a website and some blog stuff. Try Wikipedia and work from there. It's a while since i looked him up. Overpopulation, as such, is contributed to by kids under 5 not dying so much and people over 50 living until their late 70s. Should we consider going Carousel?

[McOath]

oh ok, thanks. Not gonna go for it though, I'm far more for letting the mass deaths kinda happen on their own, there's a huge moral difference between allowing and causing. also we need to educate women (consistently lowers birthrates) and change our economy and society to one that doesn't depend on humans as resources. I think massive social reform is better than killing people.

[kurtilein3]

no mention of peak oil.

is she unaware of this?

a large and important part of the full picture is missing here.

[pongman]

Perhaps she believes that there is no such thing as peak oil? Perhaps she feels that big oil planted it in our heads. It wouldn't amaze me if they did.

[FriedDaisy]

If they can sell the people on the notion of "peak oil," they can also sell them on the idea that gasoline prices could & should go as high as $10- $15 (USD); or even higher.

The average person has learned a lot about the artificial manipulation of the markets over the past year & should be suspicious of any and all cute labels & mantras which emerge as if out of nowhere to infiltrate the collective conscience.

[kurtilein3]

frieddaisy:

everyone that understands calculus can easily understand that peak oil is a fact.

the question is not if it will happen, but when it will happen.

if you take the current exponential growth of oil consumption, you could calculate when peak oil would happen if our entire planet would consist of nothing else but oil. our consumption doubles every 12 years. but oil is a finite resource.

its a mathematical fact that exponential growth in oil consumption will peak.

[FriedDaisy]

kurtilein3: I know. Oil is finite & our consumption of it is making it disappear faster than most care to admit.

It was know decades ago that we would quickly reach the tipping point as our prosperity grew & more of us began to own & operate privately owned cars instead of using public transportation; but those who knew what that meant didn't push forward electric or hybrid cars (technology that's been around since cars were first built) because there's more money in finite commodities.

[kurtilein3]

pongman:

peak oil is a mathematical fact.

ill give an example. if you eat 1 apple on the first day, 2 apples on the second day, 4 apples on the third day, and 8 apples on the fourth day, and so on, how long will it take you until you ate 1 million apples?

the important thing: if you see that you are running out of apples, you will need 1 million apples to make it another day. or 3 million for another 2 days, 7 for 3, 15 for 4.

our oil consumption doubles every 12 years. oil is limited. qed.

[pongman]

Lol, No! Peak oil is a mathematical theory not a fact. We mustn't go overboard in trying to prove your assumption. For instance oil is made from dead plankton over millions of years ago. If we can assume that the rate of death of plankton is an everyday occurrence due to pollution of our lakes and streams which run off into the Gulf of Mexico then it would be wise to assume that the rate of death of plankton would be at a ration even with the consumption of oil? Correct?

[sugarpuddin88]

Yes

Someday we run out of oil

But that would be many 100s of years away

Just google info about the oil & natural gas reserves in Gill Island, Alaska

[shellius]

It's about 20 years away, and we have already hit peak oil. That's not the point -- the point is we can't burn it because it's a fossil fuel that emits C02 in the atmosphere. If we don't stop using oil and gas we won't BE HERE in 50 years, much less 100 years. Climate change is much more important than who we get oil from. We have to stop using it.

[pongman]

I agree with you on the burning of fossil fuel but I disagree with you on peak oil. The more oil we burn the greater the chance of changing the earth's climate which will end up killing off more plankton which will end up creating more oil. lol It's the balance in the cycle of nature. Just like the dinosaurs we end up becoming the fuel for future generations of whatever that may be.

[shellius]

It takes millions of years for oil to develop from plants and animals dying off. We'll be long gone before then. The human race will not survive climate change unless we can stop it. There is no new oil being made. Even if there was, we could not burn it.

[pongman]

Yo dude! Read this article "Florida scientists turn algae into fuel" Lol, the funny thing about this is they bypassed a hundred million years to create it. The second thing is that the algae feeds off of CO2. The end product is oil and they contemplate placing the algae farms next to smoke stacks. Again the balance of nature minus the hundred million years to make it. But most important air pollution is wiped out.

[sugarpuddin88]

Shell

I agree entirely

There are great technologies that the USA government keeps cutting down

Of particular interest are enzymes that convert water into its gas constituents; and I'm not just talking about beans here!

Moreover, there is a fantastic firm that will finance your geothermal project; one of any size; and have it up and running in under one year! That is some serious stuff!

I work trying to get this technologies into the Caribbean at this time!

[HugeJohn51]

not even close but nice try

[shellius]

No, peak oil is a fact, and we have already passed it. It's not an assumption. It's fact. Read the IPCC report or some James Hansen and stop getting your news from Digg.

[sugarpuddin88]

A senator of Colorado and Shell top executive co-authored William Lindseys book

I challenge you to observe his video on Google

[pokerslut530]

Are you dumb?????? Did you not read "our consumption doubles every 12 years" -- yet you still wrote, "oil is made from dead plankton over millions of years ago" -- and somehow, someway, manage to miss the whole fact of "millions of years ago" -- it TAKES millions of years for plankton to even form into oil. Hello? Is this not common knowledge? Of COURSE we're going to run out of oil -- not IF -- WHEN. Kurtilein3 is spot on, and (obviously) has much more patience than I.

[MarquisdeBarrabas]

'"Did you not read "our consumption doubles every 12 years"'

And what exactly makes you think it will continue to double every 12 years? Has it always been doubling every 12 years since it was first used?

Wouldn't life be great if we could predict the future by making overly simplistic, ahistorical assumptions based on limited data?

[pokerslut530]

I really absolutely *amazed* someone could pose such an ignorant question. The more apt question would be "What makes you think it will NOT continue to double every 12 years?"

Wouldn't life be great if we could remove every person off the planet who lacks the ability to use clear and reasonable logic? You think they're going to suddenly replace all vehicles on the planet with hybrids to stop our consumption on the spot? Do you not realize how many products are oil-byproducts? Just wow.

[MarquisdeBarrabas]

Thank you again for providing solid and ample evidence to substantiate your claim.

I have also realized that in 36 years I'll be using 8x as much oil as I am using today.

So, should I start shopping for a tank now or should I give it a few more years?

[pokerslut530]

You might want to see a psychologist because I don't think its clinically possible to have such a detachment from your own brain.

If this your idea of rationality, you clearly need to do some serious self-reprogramming. At this point I really hope, for your OWN sake, that you're simply being a troll at this point. Can anyone possibly be that genuinely stupid?

[MarquisdeBarrabas]

I'm sorry, I just realised your username is poker-slut-random number.

I did appreciate our little exchange.

[pokerslut530]

lol.. what does the choice of my username have to do with anything? ..and 530 is my area code.

Glad you enjoyed yourself... I guess.... erm.

[pongman]

Yo dude! Read this article "Florida scientists turn algae into fuel" Lol, the funny thing about this is they bypassed a hundred million years to create it. The second thing is that the algae feeds off of CO2. The end product is oil and they contemplate placing the algae farms next to smoke stacks. Again the balance of nature minus the hundred million years to make it. But most important air pollution is wiped out.

[ROBBEDBYBIGOIL]

Hows this for a shocker its cheaper to make oil than it is to drill for it.

[pongman]

Lol, the shocker would be to make it cheap and sell it for $10.00/gal and claim that it cost too much to make! Then again we're all gullible right?!

[NewOrder915]

an bubble burst describes a price peak. this is an economic phenomena when prices go so high that they reach above peak and fall

[CHUCKtheFED]

peak oil refers to supply...not price

[FriedDaisy]

CHUCKtheFED: supply & it's availability and/or artificial manipulation can & does effect price.

[CHUCKtheFED]

agreed... but the term "Peak Oil" refers to a study, that many dispute, that the sustainability of oil as a fuel would reach its "peak" at a particular time, based on existing oil deposits balanced against increased usage. The study, done some time in the fifties, picked a point in the seventies for this fulcrum point.

[kurtilein3]

chuckthefed:

no, peak oil doesnt refer to a study. the study you are referring to is problarbly the one that ACCURATELY predicted peak production of oil in the united states.

basically, peak oil says that when your consumption of something FINITE does increase EXPONENTIALLY, you will run out of it, and your nice exponential function gets a not-so-nice peak.