World

Libyan Chaos Stirs Global Panic Over Oil Supplies

Libyan Chaos Stirs Global Panic Over Oil Supplies
MADRID (AP) — Libya’s oil industry is in chaos, and that’s no exaggeration.

Armed men loot equipment from oil field installations. British commandos execute secret raids in the Libyan desert to rescue stranded oil workers as security disintegrates rapidly in remote camps.

Libyan port workers, frightened of being caught up in Moammar Gadhafi’s violent crackdown on protesters, fail to show up for work, leaving empty tankers floating around the Mediterranean Sea waiting to load crude.

And the European oil companies extracting Libya’s black gold are operating in crisis mode, trying to get stranded expatriate workers out and safe amid conflicting information on how much oil is still being pumped and just where it all is.

That was just this week. The situation may not get better in the near future.

No one knows whether Gadhafi or the rebels trying to oust him will end up controlling Africa’s biggest oil reserves. Fears abound that Libya could turn into a fractured nation with competing armed groups ruling over rich and remote desert fields lying hundreds of miles (kilometers) apart from each other.

The chaos in Libya as it descends into virtual civil war has sent international oil prices skyrocketing despite a pledge from Saudi Arabia, the world’s largest oil exporter, to ramp up exports. And that volatility is likely to continue, because it could take weeks or even months for Libyan production and exports to return to normal levels, experts said.

That has sent already over-caffinated oil traders into a frenzy that won‘t calm down until there’s more clarity about what is happening on the ground in Libya.

The International Energy Agency reported late Friday that Libya is probably still producing about 850,000 barrels of oil daily, down from its normal capacity of 1.6 million barrels — but acknowledged the estimate is based on “incomplete, conflicting information.”

Libya produces just under 2 percent of the world’s oil, but its customers are overwhelmingly European. Hardest hit by the sudden oil shortage are European refiners that receive 85 percent of Libya’s exports, turning the country’s highly valued crude into diesel and jet fuel.

The biggest buyers are Italy, France, Germany and Spain — and Spain is so concerned it announced Friday that highway speed limits will be reduced in March in a desperate bid to cut fuel consumption.

The biggest problem facing oil companies and European consumers who depend on Libyan oil is a near-complete breakdown in solid information. Phones in Libya rarely work, Internet is intermittent, workers are fleeing and looters are grabbing what they can or pose a threat until order is restored.

While British military planes staged a daring desert rescue Saturday of 150 oil workers, hundreds of other workers were heading across the Sahara Desert in bus convoys toward the Egyptian border — a grueling trip.

One evacuee said the military plane he boarded in Libya was supposed to carry around 65 people, but quickly grew to double that.

“It was very cramped but we were just glad to be out of there,” Patrick Eyles, a 43-year-old Briton, said at Malta International Airport.

Spain’s Repsol-YPF oil company announced Tuesday it had suspended operations in Libya, only to find out a day later that the oil fields it operates with other firms were still producing 160,000 barrels of crude daily. Still, that was less than half of the 360,000 barrels produced before the crisis began.

Despite reports that production was still under way in the vast Saharan desert Amal fields, Libyans never before permitted to approach the oil fields under Gadhafi’s reign showed up armed and took anything they could — four-wheel drive vehicles, pumps, generators. One group came with a trailer and tried to remove a huge crane, said Gavin de Salis, chairman of Britain’s OPS international oil field services company.

“Nobody shot anyone,” De Salis. “But people were wandering around with guns saying ‘Thanks, we‘ll take your vehicle since you’re leaving anyway.’”

Two buses arranged by De Salis’ company were ferrying 117 expatriate workers toward Egypt on Sunday, a trip expected to last 24 hours or more, and he said another bus was expected to take 25 expatriates out.

Even though production appears to be limping along — with Repsol reporting that Libyan oil workers are increasingly running operations as expatriates leave — the oil isn’t getting out. The 320-mile (520-kilometer) natural gas pipeline under the Mediterranean from Libya to the Italian island of Sicily has been shut down for a week, with no guidance from its owner, the Italian energy firm Eni SpA, on when it might start pumping again.

“Most Libyan ports are closed due to bad weather, staff shortages, or production outages,” the IEA reported. Ports are key because Libya’s crude heads abroad on tankers.

Major container ship companies have suspended deliveries or pickups from Libyan ports with no word on when shipments might resume. Tanker ships that deliver to Europe have been told to stay more than 100 miles (160 kilometers) offshore from some Libyan ports and await information on whether they can safely dock and take on oil.

The massive oil terminal at Brega, Libya’s second-largest hydrocarbon complex, was nearly deserted over the weekend, with operations scaled back almost 90 percent because employees had fled and ships were not showing up.

The Brega complex, about 125 miles (200 kilometers) west of the rebel stronghold of Benghazi, collects crude oil and gas from Libya’s fields in the southeast and prepares it for export. Since the crisis began Feb. 15, however, General Manager Fathi Eissa said production had dropped from 90,000 barrels of crude a day to 11,000.

With huge spherical storage containers and reservoirs rapidly filling up with oil and natural gas and no ships to take it away, production in the southern fields has been throttled back until Brega can clear some of its capacity.

The big oil companies have been mum on how the political situation may pan out, because they want to produce oil whether Gadhafi or someone else ends up in charge, and it’s not worth it for them to risk alienating any of the groups vying for power, said Mohammed El-Katiri, a Middle East analyst at the Eurasia Group risk consulting group.

In a worst-case scenario, El-Katiri predicted it could take between four to six months to for Libya’s domestic unrest to ease.

“Such a scenario bodes poorly from an oil production point of view on two counts: Not only will it compromise production with Gadhafi still in power, but ongoing violence could further complicate the ability of a post-Gadhafi political order to emerge in a manner that creates a stable domestic security environment,” El-Katiri said.

Repsol’s chairman, Antonio Brufau, told reporters he would get his last expatriate workers out using bicycles if necessary — and El-Katiri said oil companies won‘t send them back in until they know it’s safe. De Salis said some expatriates could return without a functioning central government but only if local security situations improve.

Leaving oil fields deserted in Libya creates even more security problems. In Nigeria, opportunistic villagers, rebels or pirates often tap pipelines in a dangerous bid to steal fuel, leaving many killed or maimed in accidents and pipelines compromised by sabotage.

About the only positive sign for Libya‘s oil future is that experts believe both Gadhafi and the rebels want to restart suspended oil operations as quickly as possible because they covet Libya’s oil wealth.

“For Gadhafi, the money helps because he can keep on paying his militias and mercenaries to keep them fighting and loyal,” El-Katiri said.

The rebels, meanwhile, don’t want to alienate Western governments that depend on Libyan oil, he said, and also need money to be strong enough “to resist attacks by Gadhafi.”

___

Paul Schemm in Brega, Libya; Chris Kahn and Jon Fahey in New York and Cassandra Vinograd in London contributed to this report.

Comments (62)

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  • Uncle Crusty
    Posted on February 27, 2011 at 12:36pm

    the socialists and communists don’t want to drill here because it would make too much sense, and free us from foreign purchases. No it would not make sense to communists to be self-reliant now would it?

    Report Post »  
  • UlyssesP
    Posted on February 27, 2011 at 12:30pm

    Well I see a silver lining.
    I’ve only heard February referred to as Black History Month once because everyone is focused on all this turmoil across the globe.

    Report Post » UlyssesP  
  • psst
    Posted on February 27, 2011 at 12:25pm

    If kal-y-ronia suffers a weather problem that reduces their output of fruits and vegatables.
    I feel I must stress I am talking about food here, not the majority of peoples there, no matter the weather conditions, including earthquakes,the fruits and vegetable population increases continually.
    Ok. So there is a scarcity in production in Kal. This puts more demands on Florida crops.
    It’s the law of supply and demand. More $$ (people wanting/needing)chasing a limited/smaller supply of Florida crops.
    Same goes for Libyan oil.Just because Europe‘s supply of Libyan oil will be curtailed sharply does not mean Europe’s demands for oil will decrease. They will try to buy oil from other parts of the World.
    Presto, more people wanting/needing a product from areas where production is geared to that area’s demand/customer base.
    Until those areas productions goes up, the producers will increase their prices to their regular customers because the Europeans are willing to pay more.Soo, their regular customers must pay the increase or the oil goes to Europe.
    It’s simple economics..The Law of supply and demand.
    This is for the folks who are asking about why if Libyan oil goes to Europe, why is our gas prices increasing.
    While at the same time, the Poseur communist Soetoro have curtailed our own oil productions. Deliberately so.
    And this is whom the rank and file supports. One cannot support a communist w/o believing in marxist principles/doctrines.
    This is why I have stopped giving the rank and file a pass. They are who /whom they are.

    Report Post »  
  • spreadcommonsensenot pc
    Posted on February 27, 2011 at 12:18pm

    There are oil fields in N. Dakota that are bigger than the Alaska/Saudis, the 2 fields in ND(Brakken field)
    would run the US by themselves for over 200yrs.
    The Shale oil has an est. 2tril barrels and the govt/enviros shut them down
    We the US could/should be self sustaining but “OUR” govt “chooses” not to……….When a politician says—
    “we must rid our dependence on foreign oil”——HE/SHES LYING
    China will one day come knocking for govt loans to be paid…… dont be suprised one day the govt hands
    over these oil fields…………………as payment

    Report Post »  
  • Evileye
    Posted on February 27, 2011 at 12:11pm

    The United States As a Nation Has lost it mind.
    Conspiracy theory are not speculation they are fact.
    we have tied our self down with so many regulation
    that it is almost impossible to do anything that doe not end up in court.
    can you imagine trying to build the transcontinental rail road in this environment.
    billion in legal fees and decade in loss time.
    It would never leave New York

    Report Post »  
  • Oathkeeper1775
    Posted on February 27, 2011 at 12:08pm

    And yet, so many people are wasting their money and time on what I think is BS; vacations, body piercings, music, hair coloring, fancy clothes, tattoos, face and boob jobs, protest signs, junk food, cigarattes, booze and toys etc. While it is true that they have the right to do what they want, I too have the right to lock the doors on my “stupid bunker”, and nobody has the right to take what is mine.

    The “arm- twisting” will not be tolerated.

    Times are going to get much, much rougher; the storm is here and those that ignore it will be left out in the weather.

    I think this all could have been avoided (over time) if enough conservatives would have cared enough to vote. Some still won’t vote………………..amazing, our individual strength (self sufficiency) is our collective weakness.

    I would like to sarcastically thank my fellow Oregonians for Rep David Wu; what an imbarrassment, resign Wu! You broke the law, you must go.

    Report Post » Oathkeeper1775  
  • banjarmon
    Posted on February 27, 2011 at 11:44am

    Drill Baby, Drill NOW!!! “Barracuda 2012”

    Report Post » banjarmon  
  • bigbro
    Posted on February 27, 2011 at 11:33am

    OB has no idea about the oil industry. Foreign companies are draining reservoirs under our coastal waters and nothing is being done to stop this? We have the reserves but the dummies in DC won’t let us get at them. DRILL DRILL DRILL to solve our problem.

    Report Post »  
  • varptr
    Posted on February 27, 2011 at 11:16am

    I am soooo panic stricken. This is like the Y2K bug except for the occasional freezing to death part. May as well get a comfy lawn chair and go down to the 7-11 where you can watch the changes. I‘m a little disappointed they didn’t put 3D displays on our local gas pumps, you could switch back and forth between a movie like Avatar (which I haven’t seen yet!) and gas panic scenes. .People are pretty good about 1.) figuring this stuff out, 2.) fixing it, and 3.) screwing the Obamanating politicians what caused it :-)

    Report Post » varptr  
    • 13th Imam
      Posted on February 27, 2011 at 12:16pm

      Filling up my tank last night. The guy behind me had a large Lincoln Navigator. I asked him , how much to fill that up? He replied, Probably *80.00 to 90.00 $. Said to him , “Remember who to vote for next time . no mention of parties. . Knew he was a dolt Democrat when i heard the always illegible reply, Ahhhhh, wellllll, oohhhhhh, ummmmmmmmm, wellllll, . The typical Obummer speak.

      Report Post » 13th Imam  
  • Rob_M
    Posted on February 27, 2011 at 10:48am

    Why are they jumping, good old fashioned speculators and companies looking for excuses. One small legitimate reason is if Libya mostly supplies other people those people will need to tap our supply for the rest.

    Report Post » Rob_M  
  • Bob1943
    Posted on February 27, 2011 at 10:23am

    Quote:

    ginsberg
    Posted on February 27, 2011 at 10:01am
    “You know it is funny the idea that oil drilled in the u.s. will benifit all americans is profoundly socialist. We have next to nothing in oil reserves compared to other countries, and if we drilled at full capacity it would not decrease prices in any meaninful way. The answer is to develope more electric cars.”

    You’re kidding I hope. It’s absolutely not true that drilling in U.S.A.,, where the oil is, would not help to stabilize and eventualy lower prices. The U.S. has vast oil supplies available which we are not using. Theses oil supplies have recently been made even larger with new drilling methods. Of course we need ro drill domestically….and now. The drilling would also create hundred of thousands of new jobs.

    As for electric cars, the electricity has to come from somewhere………….I hope you favor buliding more nuclear powerplants, as I do, which is not happening. Also, last time I checked cars were not the only reason we need to drill for oil domestically.

    Anyone who says drilling in the U.S., if it’s done right, will not help, is just palin, if it’s done right, is just plain wrong

    Report Post »  
  • MikeinIdaho
    Posted on February 27, 2011 at 10:16am

    We have all been warned for months, some years, that this was coming. If you have not stocked up on food, fuel and ammo, you are behind the curve. This will continue to spread and will affect ALL crude oil prices as the market is very delicately balanced. Any disruption anywhere affects everyone everywhere.
    It’s called the laws of supply and demand and they are coupled to speculation and market manipulation.
    Prices will “necissarily skyrocket”, in the words of our all-knowing leader, B. Hussein Obama.

    Report Post » MikeinIdaho  
  • LOOKING_BOTH_WAYS
    Posted on February 27, 2011 at 10:03am

    @ Snow … The Cartel’s in Mexico is surly a big problem. Lets say we make a big dent in the Drug trade, and we stop it by, hummmm lets say 50%. That’s when the real trouble will begin.
    The Cartels will create total chaos, and the good citizens of Mexico will be heading to our border
    by the masses. And inside the US. the Cartel’s have deep roots in our society, when the drugs start
    drying up, God only knows what they will do here … it’s time for Americans to United NOW !!!

    Report Post »  
  • Sinista Mace
    Posted on February 27, 2011 at 9:48am

    TOWER7FEMACAMP

    Here comes the hecklers, trying to make as much noise as possible, trying to stifle debate and bully those with dissenting views…

    They never give up. They’re determined to try to ridicule you into silence.

    All they end up doing is looking ridiculous.

    And laughing at themselves.

    Really pathetic bunch of trolls they are.

    Report Post » V-MAN MACE  
  • Sinista Mace
    Posted on February 27, 2011 at 9:46am

    Instead of expanding gas molecules by ignition to create compression for a internal combustion engine, try expanding the electromagnetic field and allowing it to collapse.

    Use a “Joule Thief” to extract the last joule of electrical power from a battery, and integrate it with a solar panel. What this does is increase the voltage of the small charge from a nearly dead battery, a low voltage source, or a low output solar panel.

    Allow this small charge separation to accumulate in a high voltage capacitor.

    When the capacitor is at full capacity, discharge the capacitor into a solenoid coil or Rodin coil (computer-controlled discharge or commutator-controlled discharge).

    As the coil becomes energized, the electromagnetic field expands. As the coil becomes de-energized, the electromagnetic field collapses, sending a very high voltage reverse current back through the conductor (back electromotive force, or flyback).

    Use a high-voltage bridge rectifier (diode bridge- use a light emitting diode bridge to reduce current) to flip the polarity of the flyback, and feed the charge back into the solenoid, repeating the process, allowing to charge the capacitor again, discharge, flip polarity, charge it again, discharge, flip polarity, repeat.

    Millions of watts of voltage can be produced by using this process, creating enough power to get you off public power totally. The goal is as low as possible current (zero), and as high as tolerable voltage before dielectric breakdown of the capacitor medium.

    This technology will power your electrical vehicle without charging stations.

    This technique will keep your battery fresh practically forever, never having to charge it, and never losing the capacity to hold a charge. The life of your battery would be determined by the durability of its construction.

    Alternatively, you can feed the back-emf assymetrically into a parallel-plate capacitor, specially designed as the hull of a ship, creating antigravity propulsion, but people are not quite ready for that.

    I have a device sitting in front of me that can charge an unlimited number of batteries from the small charge of an almost dead battery. It’s a joule thief, a bridge rectifier, a small transformer, and a DC electric motor with one tab missing from the commutator to break the current.

    This device is a solar or battery-powered battery charger.

    One almost dead AA can charge 2-3 DEAD AA batteries with this device.

    All it needs now is to be scaled up for car batteries.

    All I need is a bank of batteries and one small charge from a almost dead AA, AAA, buton cell, D, C, B, and practically any kind of battery, and I can stay charged up forever.

    I’m already calculating the amount of car batteries I need to power my entire house.

    Remember, it isn’t about current. High current is inefficient. You want devices to run off as low current as possible, even to zero. Remember, current is not composed of electrons, but holes.

    Report Post » V-MAN MACE  
  • shorthanded12
    Posted on February 27, 2011 at 9:40am

    Its nothing more than a scam by OPEC and the oil speculators. The speculators are buying oil for April deliveries, yet the local pumps are reflecting prices of oil that hasnt evan been extracted from the dam ground yet. PONZY SCEME…..
    Local station buys 10,000 gallons @ $2.95 a gl. and drops into there tanks on Monday, The Middle East has another burp over night and the oil speculators on Tuesdays trading floor buys and sells oil at 3% higher, come Wed or Thur the price at that same pump will rise 3 or 4 cents. So while that same station is still working on that same 10,000 gallons @ $2.95 the price at the pump jumped to $2.99. SO WHOS GETTING THE SHAFTed?????????????????????? ANSWER IS: WE THE CONSUMER. While sitting back quietly and watching come next week the price of milk, bread just went up at your local grocier.

    Report Post »  
    • Stopit
      Posted on February 27, 2011 at 2:19pm

      Hey Short whatever,
      The price of replacing the gasoline in the ground has to be charged…its an immediate adjustment reflecting the future cost. Otherwise, you won‘t have the funds to replace the product you’re selling. Being in business to sell anything involves cash flow considerations. The leftwingers who have been spoon fed their whole lives have no clue about that, or if they do, its part of the bash oil company mantra of the commie green movement.

      Report Post »  
    • shorthanded12
      Posted on February 27, 2011 at 4:49pm

      Stopit
      Posted on February 27, 2011 at 2:19pm
      Hey Short whatever,
      The price of replacing the gasoline in the ground has to be charged…its an immediate adjustment reflecting the future cost. Otherwise, you won‘t have the funds to replace the product you’re selling. Being in business to sell anything involves cash flow considerations. The leftwingers who have been spoon fed their whole lives have no clue about that, or if they do, its part of the bash oil company mantra of the commie green movement.

      How ever you wish to spin it is fine with me. Bottem line were price gauged at the pump and a small business gas station owner dont make a dam dime on selling gasoline anymore, have a friend in that position. And I’m surely not a dam tree hugger or all into that Van, Al and Barry Green movement.
      And and to clarify shorthanded means a simple hockey term and the 12 stands for a player I support.

      Report Post »  
  • Snowleopard {gallery of cat folks}
    Posted on February 27, 2011 at 9:33am

    @Looking both ways

    Indeed, never let a good crisis go to waste; and now we have several of them going on. Many of them among the oil producing countries in the Middle East, we have the cartels allied with terrorists on the border with Mexico (and I will give their folks credit for doing so much to stop them with what they are able to do), and uproars by the progressive led unions in the states, a administration who has said it will ‘fundamentallly transform’ the nation as well.

    So we are on the edge of many problems, the storm is here and has landed; it will be the choices of how each of us are prepared, and will handle it, that will decide the final fate of the nation. Will we chose to let her go into the night, or ask the Almighty for the grace and guidance to restore her to a greater future in the days coming.

    Report Post » Snowleopard {gallery of cat folks}  
  • Snowleopard {gallery of cat folks}
    Posted on February 27, 2011 at 9:29am

    @Watchman

    The most likely reason why the prices are jumping around the nation and the world is out of fear, the fear that this chaos will eventually spread into the major producers of Saudi Arabia, Kuwait, and the remaining nations. Libya supplies the majority of oil to the refineries in France, Italy, and Spain, along with several other nations (in part for them), so these nations are also in a panic.

    Venuzuela’s wanna be dictator has cut off all contracted deliveries of oil to the American states, so we have to obtain it from elsewhere, and unless other countries chose to make up the differences, prices here will still continue to climb.

    Report Post » Snowleopard {gallery of cat folks}  
  • shorthanded12
    Posted on February 27, 2011 at 9:24am

    Hey Watchman, try jumping from 3.11 to 3.30 at a local station near me in 24hrs.

    Report Post »  
  • LOOKING_BOTH_WAYS
    Posted on February 27, 2011 at 9:24am

    watchmany2k
    Posted on February 27, 2011 at 9:17am
    If Lybia supplies mostly Europe, why then has the cheapest gas station in my area Jumped 22 cents in 7 days ?
    ……………………………………………………
    never let a good crisis go to waist … cha ching $$$$$

    Report Post »  
  • Sterling Mac
    Posted on February 27, 2011 at 9:21am

    Drill~! Drill~! Drill~! Drill~!~!~!~! ! !! !!! Impeach barry~! Drill~! Drill~!

    Report Post »  
  • watchmany2k
    Posted on February 27, 2011 at 9:17am

    If Lybia supplies mostly Europe, why then has the cheapest gas station in my area Jumped 22 cents in 7 days ?
    Next year is going to be a difficult one energywise, prepare now.
    http://www.watchman2012.com
    for tips and ideas on realistic alternative energy

    Report Post » watchmany2k  
  • parmajohn
    Posted on February 27, 2011 at 9:13am

    Hey P-Bo Time for that “Stern” Letter Or maybe another speach during GB 1am their time Its Gonna get Ugly…here

    Report Post »  
  • what4
    Posted on February 27, 2011 at 9:08am

    Drill now, Drill deep & Drill often….Time to DEMAND Barry allow drilling in our own country for the sake of National Security! If he says NO, Demand Impeachment for deriliction of Duty!

    Report Post »  
    • parmajohn
      Posted on February 27, 2011 at 9:16am

      I heard that the Dems want P-bo to relaese emergecy oil supplies Looks like the table is being set..

      Report Post »  
    • ginsberg
      Posted on February 27, 2011 at 10:01am

      You know it is funny the idea that oil drilled in the u.s. will benifit all americans is profoundly socialist. We have next to nothing in oil reserves compared to other countries, and if we drilled at full capacity it would not decrease prices in any meaninful way. The answer is to develope more electric cars.

      Report Post »  
    • PeachyinGA
      Posted on February 27, 2011 at 10:17am

      I’m with you What4. And Drill Yesterday! America has plenty of fuel. For those who don’t think so: If you’re dying of thirst and someone only offered you a sip of water, would you turn it down because you can’t have the who bottle?

      Report Post » PeachyinGA  
    • PeachyinGA
      Posted on February 27, 2011 at 10:18am

      ***fixed*** that would be the “whole” bottle, not “who”.

      Report Post » PeachyinGA  
    • parmajohn
      Posted on February 27, 2011 at 10:25am

      Ginsberg Check the facts If a million electric skates were put on the road tommorrow it wouldn’t make a dent in the 250 million vehicles on the road today…Heard that from the former CEO of Shell oil and how and where would you charge those things Oh thats right they have a back-up gas engine…. That only runs on premium…

      Report Post »  
    • DashRipRock
      Posted on February 27, 2011 at 10:36am

      Ginsberg

      You do know that Alan Ginsberg

      joined NAMBLA in 1994

      some hero you got there

      Report Post »  
    • DashRipRock
      Posted on February 27, 2011 at 10:40am

      and Ginsberg

      Electric cars still use energy

      The real answer to global warming idiots are looking for is
      a very simple equation

      Cars are so big

      that 90% of the Energy used to move

      is used to move the Car not the passenger

      EVEN IN ELECTRIC CARS

      you need to reduce the size of the car

      NOT DEMONIZE CARBON

      idiot

      Report Post »  
    • lylee
      Posted on February 27, 2011 at 11:20am

      Didn’t you know, we have plenty of oil! I’ve been hearing it all week on CNBC.

      Report Post »  
    • seeker9
      Posted on February 27, 2011 at 11:46am

      @ginsberg
      You might want to update your knowledge. The US has huge reserves. Google Bakken shale.

      Report Post » seeker9  
  • Ironmaan
    Posted on February 27, 2011 at 8:56am

    More chaos to come. Food inflation started the fire, and feul inflation will cause it to explode.
    http://bioterrorsurvival.com

    Report Post »  
    • 912828Buckeye
      Posted on February 27, 2011 at 9:23am

      Been say’n it for months now………Stock up on beans and bullets.

      Report Post » 912828Buckeye  
    • Snowleopard {gallery of cat folks}
      Posted on February 27, 2011 at 9:57am

      @Ironmaan

      True, and the Obama administration has for quite some time stood over the fuel valves while holding a lit blowtorch, just waiting for the moment to drop it among the fuel. There is a firestorm coming, and I pray it will not ignite, yet I have to believe that if the current path is not turned from, the nation will be burned and badly.

      Report Post » Snowleopard {gallery of cat folks}  
    • bigbud
      Posted on February 27, 2011 at 10:56am

      This president is a major reason. When the world market thought that the US was going drill every where, Prices went down. Now we have a moratorium on drilling ,,,, prices up. If the moratorium were lifted and the world seriously thought that we were going drill EVERY WHERE!!!! The prices would start going down. There was a recent artical on the huge reserves in Alaska, that would make Alaska
      the 8th largest oil producer in the world. BUT this president has PROCLAIMED no futher exploration
      or production. Pslams 109:8 Amen

      Report Post »  
    • 1TrueOne55
      Posted on February 27, 2011 at 9:38pm

      @BigBud:

      It is this presidents ungodly mission to reduce the US to a third world country like his fathers Kenya. It is his bosses agenda also that while Obama does this he makes as much money on the fall as possible, just like he has done to every country that he has destroyed in the past.

      Report Post » 1TrueOne55  
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