Topic: Bitcoin for oil? (Read 2397 times)

I'm not trying to get into politics, but your post is kind of out in left field. What are you even talking about.. I don't understand.

What is the USA's biggest fear?

Leaked? Are you talking about oil spills or what?

We know why what is happening?

I tried to understand your post, but I am failing miserably. I almost feel like you meant to post in one of the Coin Validation threads.

This is the us bigest fear! but WILL happen
so all thoose LEAKED ,,,,, Bullshit......... please.
we know why this is happening.

It's a shame that the US government recently got interested in Bitcoin, I have an interesting opportunity to provide a security in the likes that Bitcoin has never seen before... drilling our own oil well.

I work in the oil & gas business doing land title research ("landman"). We find out who owns mineral rights under property and go out and lease them for oil companies to drill for oil/gas. Normally we work under contract for oil companies, but we (my family and some partners) recently decided to try our own luck and we went out and leased a large block of land in an oil/gas rich area in Texas. This area is pretty hot with development, with rigs sprouting up all over the place.

The problem is we are seeking funding to drill the well, it is very expensive. I had an idea to fund it using Bitcoins via a security, but unfortunately the current legal cloud surrounding Bitcoin kind of killed that idea before it got started. We'll find an investor elsewhere, but I thought it would have been cool. Imagine the news... "Bitcoin drills for oil" and all the PR Bitcoin would get. One can dream I suppose.  

If anyone has any ideas of how we could go about doing this legally, shoot me a PM. I thought about maybe getting someone trustworthy that was outside of the US to own/run the security and them simply being partners with us. This person would have to be extremely trustworthy to handle the millions of dollars it will take to get the project done. I guess this is another large problem.. finding someone trustworthy enough to handle millions of dollars...

Again, if you have any ideas send me a PM.

I like that one Johanna, bitcoin for the world take it or leave it haha 

What about Bitcoin replacing currency all together, and so Bitcoin to everything...

How about Bitcoin for Rare Earth Minerals?  I like the sounds of that!

Wow, read the two below articles and see the infinite possibilities!  


Dollar no longer primary oil currency as China begins to sell oil using Yuan
http://crooksandliars.com/ian-welsh/what-dollar-going-oil-means

The big news this week on the financial front was the Independent’s claim that Gulf Arabs and France, Japan, Russia and Japan were planning to move from buying oil in dollars to buying it in a basket of currencies, including gold and a new universal currency shared by the Gulf nations.

Buying oil in dollars is one of the foundations of the dollar’s role as the world’s primary reserve currency. Because the the dollar is the world’s primary reserve currency Americans have been able to borrow money for significantly less than other countries are able to. This has both made America more prosperous, and through the perverse incentives of cheap money, helped lead to the high indebtedness of American citizens and the financial crisis.






What Not Being Able To Buy Oil In Dollars Means
crooksandliars.com/ian-welsh/what-dollar-going-oil-means


On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Are you suggesting that bitcoin should be used as comparison to oil instead of USD?

I feel like it would take a long long time but it's definitely possible.

Let me know when they make electric jets, electric pesticides, electric plastics, electric asphalt ...

Oil moves the world.   Gasoline is relatively easy to replace other stuff not so much.

Won't buy oil, people are coming out with electric cars.....

Funny how they never show it on TV, eh? Multiple Oscar winner, apparently. I was told it was an underground cult classic for kooks and gun nuts. What could be behind that decision to keep it off TV screens? Can't think at all what it could be.

Watched that movie recently for the first time, funnily enough.  Great scene.  Pretty prophetic film.

http://www.youtube.com/watch?v=WINDtlPXmmE

"There are no nations, there are no peoples, there are no Russians. There are no Arabs, there are no Third Worlds. There is no West. There is only one holistic system of systems. One vast and immane, interwoven, interacting, multi-variate, multinational dominion of dollars. Petro-dollars, electro-dollars, multi-dollars. Reichmarks, rins, rubles, pounds and shekels. It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and the sub-atomic, and the galactic structure of things today.

There is no America.
There is no Democracy.
There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon.
Those are the nations of the world today.

We no longer live in a world of ideologies and nations, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable by-laws of business.

The world, is a business Mr. Beale"

doesnt exactly have that much to do with the topic but paying with bitcoins via smartphone at the gas station would be awesome. would save the 10metres inside to pay! haha

the whole thing about USA and canada having enough oil for its own population needs. is a moot point. its about having the most EXCESS resources to sell to other countries, to basically grab their wealth.

they can value oil in raspberrycoins or facebook credits for all i care, what american war is all about is getting the physical oil.
which the US government then trades for cheap champaign, livestock, metals, whatever they please.. (picking random products out of my head)

if oil was priced in facebook credits, dollars, yen, pasata's, euro's, whatever.. i know i can look at a currency conversion chart and find a price for that barrel in my homeland coin of Pound Sterling. offer the amount of pound sterling to the oil baron that equates to the (insert currency here) and the oil baron will accept it. as he will convert it to his prefered currency.

so the currency of use is not important. WHO owns the most of it does. and thats why USA goes to war. to get a nice lucrative deal for oil to own the majority of it compared to other countries.

war based economy = WAR IS PEACE

I know what you're saying, Orwell teaches this concept in 1984.  The US doesn't actually need the oil.  Canada can supply them with more than enough, and they will be a net exporter in a couple years due to hydraulic fracturing.  What it's about is

• Influence/control in the region
• Perpetuating the petrodollar by forcing Middle Eastern oil producing nations to price oil in USD
• Helping Israel with their beefs
• Keeping pressure against the real "enemies": Russia and China

I'd argue that oil is nothing more than an excuse these days. Anyone who hasn't seen "Why we fight?" should watch it. It's less about oil and more about having a war based economy and secondary services than need constant conflict and who profiteer on 'reconstruction' etc

What it's NEVER about is afghan girls getting an education or toppling dictators because they are terrible or democracy.

FTFY

Not really as way down the line as you might think.

Come check out MasterCoin
https://bitcointalksearch.org/topic/m.2841328