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Wait 10 years and hear the excuses they make for the price of solar or wind going up. "Sun was not as bright as usual this week", "winds died down", "dog ate my solar panel"... |
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Doesn't help blaming oil companies - blame OPEC if you don't like higher gas prices. So yes drilling for more more oil onshore will increase supply and should lower prices assuming OPEC doesn't lower output to counter that move. The oil market isn't a free market |
I hope to be solar by the end of this year at my home; and, off the power grid at my offices by the end of next year. The feds and city have some serious rebates and tax credits right now that cover 65 to 70% of the install costs.
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The public and gas station owners get fucked. Did you know that gas station owners earn on average 1-2 cents per gal profit? Nice margin. Why do you think they all have become kwiki marts? Only real chance for profit. |
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you must not be american! lol |
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The price you pay at the pump is what OPEC wants you to pay. Nothing can change that except for a nationalized oil industry (something we should have done a long time ago, but likely never will). |
Gas and oil are commodities, the less around the higher the price.
Look at the Diamond market to see how it's not in the oil companies interest to flood the market with oil and gas. It's also a resource that isn't going to last for ever, so making it cheaper so people can consume it faster is also a stupid way to go. About as stupid as giving away the product for free to get more sales. So not surprised so many here think it a good idea. :oh crap!!! If you want to save on your fuel bill, use less. It really is that simple. |
I think you guys are right. Let's just leave all this oil and gas in the ground and see if we can come up with something new. In the meantime let's watch what happens when the cost of food goes through the roof as transporting it becomes more and more expensive with the price of fuel going up.
Talk about a tax on the middle class... Or we could read this news report from May 2012 talking about the fact that oil companies have now made GIANT discoveries of oil right here in the U.S. that could make us energy independent and have no need to import oil. http://www.usatoday.com/money/indust...NCE/54977254/1 Effectively buying us plenty of time to develop new technologies in green energy without having to make it so expensive to fill the tank for lower and middle class Americans (rich people don't care if it costs $100 to fill the tank) |
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Far better than drill everywhere and running the US on it's own oil and running out. The price dropping is a myth. It's not in the oil companies interests to go around drilling everywhere to supply you with cheap oil. For them it's better to get more money for the same production, than the same money for more production. You seem to be complaining about prices a lot recently. As you're rich I wonder why. If you truly want to cut your fuel bill, buy a smaller car, get a bike for short trips, or one of these http://www.fueleconomy.gov/feg/best-worst.shtml and your gas bill will plummet. Much faster than any saving at the pumps. And if more Americans drove these cars, fuel imports will drop like a stone. As for food prices. How about the Government taxes you more so they can give the farmers more in the grants. Or really hit farmers with huge fines for employing illegal labour so they have to employ US citizens and pass the cost onto you. I hear about the immigrant problem from a lot of posters here. As the OP says. They can drill and drill, the price isn't going down much on a barrel and cents at the pump. You need to find new ways to save money. Here's more ideas. http://michaelbluejay.com/electricity/solar.html http://www.scientificamerican.com/ar...-a-box-sunfish http://www.siliconsolar.com/diy-solar-panel-kits.html You live in the desert, the sun hardly stops shining. For a few $100s you could cut your electricity bill. Which it seems is your prime interest today. |
Whatever happened to sawgrass ethanol? |
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In the meantime, you should maybe consider going to a tanning salon or something. I guess it's kind of like an illusory type thing, but having a little bit color tends to make your muscles appear as if they're more defined. No sense in hiding all your hard work under a pale mound of flesh, right? Be sure to ask for a low intensity bed. It may take longer but if you do it that way you'll end up with a nice, natural looking tan and that's what you want. Nobody wants an orange Robbie. Just stay patient, don't get frustrated, and keep up the good work! We're all very proud of you! |
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What will make people more fuel efficient and waste less?
More expensive oil or cheaper oil? ************************** What will make people go to alternative sources of power? More expensive oil or cheaper oil? ************************** What will make people develop more alternative sources of power? More expensive oil or cheaper oil? It really is a no brainer. |
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Based on this 2010 study, global population is expected to increase by 1.4 billion by 2030. That's like the world now minus 20 years of natural resources plus one more China.
Projected increase of just the top ten most populous countries is 676MM. The top ten countries are India, China US, Indonesia, Nigeria, Pakistan, Brazil, Bangladesh, Russia, and Mexico. They're not driving hybrids in Bangladesh. How much is a Prius? $25K? The combined GDP per capita of India, Indonesia, Nigeria, Pakistan, and Bangladesh is just under $15K. 8 of the 10 are perceived to be going through periods of industrialization where more resources are needed to fuel growth. The trucks being used to haul shit to some construction site at the next Nigerian megapolis have more impact on the global market than do the F150s that middle American douchebags use to haul their pretend boats to the pretend lake. If every middle American soccer mom goes to a Toyota dealership this afternoon to trade in their gas guzzling SUV for a Prius, there's a small chance it would cause the price of a barrel to go down by a few pennies, but the 'impact' on oil prices would be short lasting because the global market is more defined with the actions of one billion industrializing chinamen. |
US Exports Oil
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http://zfacts.com/node/426 Several East Coast refineries have closed down. So re-open them. http://www.csmonitor.com/USA/2012/02...stop-exporting Also first the first time in decades, in 2011 the US was a net exporter of oil http://www.advisorperspectives.com/c...klin_40412.php |
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Once you produce for the price you want to produce (high) you're increasing the global cost of production. Quote:
Organizations such as OPEC weren't institutionalized to help the world, they were institutionalized to make the most money from oil in a cartel, that's where the rules are made, that's where the supply is regulated for someone to be able to make the most $$$. Quote:
These Giant discoveries always "happen" with the right timing, not only that there's supposingly much, much more potential crude oil that can be drilled with the ever more modern technologies (that can again only be financed by those who have enough gold since they control the oil market). It's that those who have the gold make the rules, and every move, anything that goes widespread in public media as a part of someone's political agenda simply has to make sense $$$ wise. Once there would threaten a serious shift / political will towards alternative energies there may as well be yet another "giant discovery" to fullfill the political agenda of those, that were bought by the oil companies in the first place. The US crowd will always hail to anyone who offers them 5c off gallon and more oil drilling, there you have the perfect synergy between those two - politics and oil industry. |
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OK lets not let facts get in the way,
Canada and Mexico supply America with over sixty percent of their oil imports, who owns the Canadian oil fields..... American Companies! You would ask why are American companies extracting oil from Northern Alberta, simple thats where the oil is. Texas and other American states have run out of new oil reserves, Keystone pipeline is designed to keep the refineries in the Southern USA in the money by taking the bitumen oil from Alberta, refining it, and selling at market price. There is no reason to do this other than it will save on shipping and increase profits of the oil sands. If you believe it will lower gas prices.... well then I have some magic beans for sale as well. The other hard truth is that oil needs to be $75 - $80 a barrell or more for the Albera oil sands to be profitable. I highly doubt we will ever see it dip below this ever again, because AMERICAN and Chinese oil companies have almost a trillion dollar investment in the oil sands and we all know oil companies don't lose money |
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http://online.wsj.com/article/SB1000...275032794.html And that's just one of the massive oil finds that new technology is making happen...but the Obama administration blocked. Oil creates jobs. High paying jobs. And jobs are what we need in the U.S. Everybody keeps saying "oh, it won't work". Well, there is only one way to find out. Common sense tells me that if you create high paying jobs and lower the cost of energy...the economy will roar. Maybe I just have a different idea of how business works and how to be successful than some of you guys do. |
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[QUOTE=MaDalton;19175926]http://www.bloomberg.com/energy/
Did you bother to notice that North AMerican oil is about $20 cheaper per barrel than European ?? |
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So are you buying yours this year Paul? |
Whatever did happen to hydrogen cars?
I remember back in the 1990's that Arnold Schwarzenegger had his Hummer converted to Hydrogen and work was supposed to begin on Hydrogen stations to replace gas stations. I guess the oil companies bought that shit up and shut it down too? Wouldn't surprise me. Electric cars have been around for over a hundred years and they still aren't used. Hell, the entire taxi cab fleet of New York City were electric cars in 1897!!! And somehow, Detroit auto makers can't figure out how to do it right in 2012. lol |
yet still the price of oil and liquids stays at historical highs, and goes down when the economy falters, and goes right back up when the economy strengthens - which appears to cause the economy to falter, again.
the so called "oil paradox" - if supply is sound, and EROI is not a factor, why does the economy falter when the barrel price jumps, as it has repeatedly since 2005? and every little political squabble or storm sends the price up again. and gas prices in the US were at a record high this past weekend, highest ever for a labor day. for some reason reality is not going along with the approved storyline, which is that EROI doesn't matter, and depletion doesn't matter. lets see what the future brings. we's all be happy if the republicans and the oil companies can bring back the cheap oil age. why don't they? what's stopping them? |
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They are making some interesting new breakthrus in hydrogen - but - as a nation we don't support it, and we have lost the ability and will to innovate. As a nation, we have given up on new infrastructure development. Sure, we will build old technology like pipelies for oil or gas, but we have lost the ability to build new infrastructure like smart grids or hyrdogen transport. We give the petro industry tax breaks for exploration - and they make a find, typically small, a billion barrels or so - then cap the well, because it's not cost effective to extract and bring to market at todays price levels. Americans made the wrong choices 30 years ago, under Reagan, and we will be paying the price for that this century. |
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Maybe when the US is flooded with foreign made alternative energy products someone might sit up and take notice. I was told the film "Who Killed Roger Rabbit" was about how the oil companies bought the tram system and shut it down. True or not? |
Actually, I think it was the auto and tire companies that bought the trams and shut them down.
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Today in the world we live there are the options we have. There is no magic bullet, Government plans, Private Company plans that will change things. So if you want to cut your fuel bill, drive less, drive a smaller more fuel efficient car, buy a scooter or bike for local journeys. Odds are a lot of your journeys are short and around town, do you need an SUV? Best of all walk there if you can. http://www.scooter.co.za/assets/prod...cooter%201.jpg http://www.probikesllc.com/wordpress...rker-green.jpg Couldn't resist this one. http://www.dogbreedinfo.com/images20/DogWalking1.jpg If you want to reduce your fuel bills, use less, go solar. If you want to reduce your living costs, downsize the house, eat less or swap fillet for rump. Waiting for something you have no control over to change for your better. Is a sane of lethargy or apathy. |
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Well you certainly have a different idea of reading comprehension. The article says pretty much the exact opposite of what you think it does. All petroleum leases come with work requirements so that companies can't squat on them doing nothing. Exxon was so incompetent that when they asked to sit on the discovery for another half decade they didn't even submit a development plan for after they finished sitting on it. If I was a shareholder I would be incensed at their incompetence. The "Obama administration" was saying HURRY UP not blocking it. FFS. Every lease has staged commitments, seismic in year 2, one exploration well in year 3, another in year 4 and so on. Companies lose leases all the time so they can be re-leased to a company able to actually fulfil the work commitment and get the oil out. In this case they just got lazy and used to "greasing" the rules. At any rate, they've been given a boot up the ass and the Interior has re-approved the lease for them... Not that you'll see much oil produced this decade from it.. And lets not get too hyperbolic, I'm invested in two oil drills right now looking for over a billion barrels of oil, one off the west coast of Africa and one off the East. |
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Here you go, hot stuff! http://www.teslamotors.com/ |
I think it's a good thing gas prices go up, more room for me on the highway
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I've only driven a small handful of times since after my drivers license expired in 1999. In my 6 years of driving from the ages of 16-22, I owned a Saab 900s, a Ford Bronco II, and a new Explorer for like 6 months. The Saab was my favorite but for the most part I find driving to be a pain in the ass.
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The article says that Interior was pissed that Exxon wanted to sit on the find, and were delaying development, so they were going to take the lease back and give it to another company that would develop it faster, so that the US would start getting the royalties. But, like many of the new finds, its a small find in deep water, and the risks and the costs involved in developing it are huge. We simply do not yet know if deepwater finds like this can be extracted safely, the technology is still being developed, and most people think it will be ten years before the first of these deepwater finds start pumping, maybe 20 or even 30. Quote:
You do get that a billion barrels is a small find, compared to the size of the fields we used to find? Even the 10 billion or more in the deep off brazil is tiny compared to the giant fields we used to be discovering. And those early fields were easy and cheap to extract, with a great EROI. Nobody really knows yet what the EROI of these deepwater fields is going to be, but many estimates place them about the same as bitumen and shale kerogen. |
Basic supply and demand should bring prices down here but the reality is that corporations have fleecing our pockets down to a science. It's a collossal fuck job and everyone is in on it except the consumer.
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I'm really looking forward to your response because you're supposed to be a smart guy and everything. I just don't see how it's possible for supply and demand to bring long term prices down. Where is all this extra supply coming from? Another planet? With cities similar to Aurangabad anticipated to be popping up left and right, that's the only possible answer. http://www.bloomberg.com/news/2010-0...er-cities.html |
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Anyone ever heard of OPEC? I'm sure somewhere it's linked to the price per barrel. Maybe it's just my addled brain. :1orglaugh |
I have been hearing the solar power mantra since the late 1970s but it has never taken hold. Cost efficiency of solar power has improved some but I think its main utilization may be in developing countries. Why? Developing countries have less demanding needs with lesser developed energy delivery infrastructures. |
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I like it when the price of gas goes up. The higher the cost of gas, the less drivers there are on the roads.
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The world uses 82 MILLION barrels of oil a day. The U.S. uses 20 million barrels a day. So that oil reserve...IF it was the ONLY one the U.S. had would be enough oil all by itself for 50 days. But it's only one of thousands of oil finds. Adding it into the mix along with the many other new oil finds in America and you start seeing that we have a lot of oil here. And I agree that deepwater exploration is dangerous (obviously)....but the govt. won't allow oil companies to drill close to shore in shallow waters where it would be much safer and less risk of a disaster happening. It's one of those unintended consequences of good intentions. You don't let them drill close to the shoreline to protect the shoreline. So it forces them to drill in deepwater. Then, because that is so dangerous and difficult...a disaster occurs and the shoreline gets messed up far worse because it's so hard to STOP an oil spill out in the deep. :( If the finds of natural gas are true and there really is a hundred year supply of it...then I think we should all convert our vehicles over to natural gas and stop using oil for gasoline for cars. |
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Just amazing that a small company like Tesla can do it...but Detroit can't. :( |
Oil and coal comes from the Carboniferous Period that occurred from about 360 to 286 million years ago. |
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They don't call it the oil cartel because its a fun name. They will just slow down the refining process by shutting them down for "maintenance" and keep prices high that way. |
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1. OPEC (crazy muslim fucks who hate our guts) would lose their income and be forced back into the game. 2. The world oil supply would increase. You're still working off of outdated assumptions that have OPEC as the big player. IF what the oil companies are reporting is true...OPEC would be marginalized. Yes, if it was 10 years ago...we would be at the mercy of OPEC. But these new discoveries are suggesting that might not be the case. I'm just looking at it with an open mind. There's only ONE WAY TO FIND OUT. And that is to start getting that oil out. Everything else is just people like me wondering if we could...and people like you in denial that it's even possible. |
On one hand the oil companies run things, then on the other hand. The Government run things and Robbie has been waiting 5 years to downsize his car.
Anyone else confused? Opec current members and production http://en.wikipedia.org/wiki/OPEC#Current_members |
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