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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.
Brad |
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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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I wasn't looking to "downsize" anything. I LIKE the Tesla sportscars. They are awesome and electric and fast and cool looking. I already have a Prowler sportscar which is so unique that I have no plans on ever selling it. I'm not "waiting" on anything. If you had the good common sense to do some research before typing stupidity, you would see that the Tesla sports car is $109,000.00 In this economy....and since I already own my "dream car", there is simply no way I can afford to spend money frivolously. Man...I tried to keep respect for you because you have worked a long time in this business. But some or your posts show a serious lack of thought. Lots of verbiage in many posts..but very little thought. You seem to miss the point of every post made. |
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Those actions were all about money vs power and in this case about oil and other resources. For sure there are alternative power sources available but probably controlled by govs and oil companies. Imagine if there is an alternative energy source, what will happen with the control certain govs, organisations and companies have? |
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I suppose the government could open refineries as its not a good business to be in but we want less government right? I mean what if the government suddenly decided we have to buy gas like they do with health insurance? Government = bad ... you have spent many posts stating as much which means you want to rely on the market which includes the OPEC. |
paying high $4 now in chicago, prices blow but car is rated 27 city/32 highway, on cruise can push 40+, if paying more meant less traffic I'd take it as it usually takes 50 minutes for a 10 mile commute downtown.
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As for OPEC..there are a few "allies" (if that's what you would call them) like Saudi Arabia, Kuwait, Iraq (because we invaded them), the United Arab Emirates...etc. But they are all run by dictators and Kings. The people of those countries don't like us one bit and you know it. I have two family members who served in Iraq and were based out of Kuwait. Trust me...they don't like us (and yeah, it's our own fault...but it is what it is). It doesn't matter. You have made up your mind. There is no hope for oil prices. Recent advances in technology that have discovered huge new oil finds in the U.S. are irrelevant to you. And we are still in the past and have to depend on Opec forever. I, on the other hand...would like to see what happens if we actually DID go and get these huge new oil finds right here in the U.S. And if we did go after the giant natural gas deposits that have recently been found as well. (maybe convert our cars to natural gas for instance) I am of the impression that those two things would be a huge one-two punch that would take OPEC out of the equation and force them to lower prices to be competitive. It's just my thought after looking at things. But to just ignore all these new finds is a bad idea. I believe that these new discoveries are the key to an economic resurgence in this country. It's just my thoughts on the matter. Nothing more, nothing less. :) |
What's your evidence that we are ignoring these finds - lets look at it.
I presume you mean the kerogen - the fossil carbon trapped in shales that we can process into liguid distillates that can then be refined into fuels. They are bringing the kerogen to market already, at a pretty decent clip, which is good news for us, because it helps keep the price spikes from supply depletion from the north sea and other opec and non-opec producers from sending the price of barrels back up to the 120-140 range. I think you THINK you understand what's going on, and you are repeating the industry mantras - and there IS a sudden explosion in nonconventional liquids into the marketplace. But, your claim that the government is suppressing things is mistaken, just like that wall street article you posted, the reality is the federal government is actively trying to get those extractions and liquids happening faster, or as fast as possible, given the objections of the states. I agree tho we should be converting the transport fleet to natural gas as fast as we can - but we americans have lost the abiolity to innovate in infrastructure, and the free market is broken. So, we will wait until the last possible moment, the start the infrastructure change after we should have, so it will cost us all a lot more. There are a lot of errors in your other writing, characteristic errors like thinking that oil produced in teh US can be used by the US, when in reality it will be sold into the planetary market - and the constant confusion about what the government allows and doesnt allow, and why - but lets look at this claim that we are "ignoring finds". |
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I already said over and over and over...that if we can start producing a substantial amount of oil into the world market and convert our vehicles to natural gas then OPEC will be marginalized. I also very plainly said that there is only one way to find out. Dude....give it a rest. You don't know any more than I do. We are outsiders trying to use the info we can find to make assessments of what we think should happen. I'm saying: "Let's do something and see if it works." You seem to be implying that there is nothing that can be done but to wait until solar and wind power can take the place of fossil fuels. I'm saying straight out....Technology has moved forward and the oil companies are now able to "see" giant oil reserves that they didn't know about before. Under current conditions, if they started getting that oil it would add more oil to the world supply. IF it were enough to offset any cut in production by OPEC then OPEC is marginalized and would be forced to either lower prices and produce more...or be financially ruined. That's my scenario IF the reports that have been released are correct and IF the U.S. govt. will open up the lands for drilling. That will create high paying jobs and also will create tons of service industry and goods to supply the new workers. If you have a better idea...let's hear it! :) This is my idea to bring our economy back to life. What's yours? |
How about, the price will not increase as quickly?
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I dont recall ever mentioning solar and wind in these oil discussions, ever. Solar and wind play a role in the topic of switching to an electrocity economy, but we are still talking about a chemical liquids economy here, and solar and wind are not on the table.
Yes I do happen to know a lot about it, it's a very interesting topic. Lets get back to the question - you say we are ignoring huge finds - what's your support for this claim? What is happening that you think is "ignoring", who is ignoring them? You are talking about the kerogen, right? How are we "ignoring" the kerogen? Or are you talking about something else? And no, I wont give it a break, as long as you keep spreading misinformation. Simple solution - you study up so when you say things it's supported. |
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The problem isn't companies...it's the govt. Environmental protestors say that oil refineries "don't make good neighbors" (I swear I just read that lol). And to get local govt.'s to approve them has been impossible. The oil refinery in South Dakota will be the FIRST new refinery built in the U.S. since 1976!!! It's the same thing with trying to build nuclear plants to generate electricity. The U.S. Nuclear Regulatory Commission just approved the first license for a nuclear reactor in the U.S. since 1978!!! And we wonder why we are behind the rest of the world in nuclear power? Come to think of it...what exactly does the Nuclear Regulatory Commission do to earn their salaries if they haven't licensed a single nuclear reactor since the 1970's? :1orglaugh |
Robbie, here's an article you need to read and understand.
http://www.bloomberg.com/news/2012-0...y-markets.html I'm curious - do you know how to interpret oilpatch code? What do you think this says? Then ask yourself this question - if what this article says is true, (and it is) why is the price of gasoline at an all time seasonal high right now? |
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What is keeping the oil companies from finding someplace to put their refineries where people want them? Why dont free market principles apply when it comes to building refineries? Actually, what you aren't saying is that the oil companies want special liability protections and corporste welfare - and they are perfectly happy with a refinery shortage, because it allows them to charge more for the finished product with a fixed input cost and a fixed and reduced overhead cost. In fact, you are completely misrepresenting the problem - just like the oil companies wan you to do. The refinery shortage benefits them - at the free markets expense. The new kerogen refinery in SD is a perfect example that the petro industry can EASILY build new refineries when it's profitable for them to do so. Kerogen pyrolosis is best done close to the source, because shipping raw kerogen is expensive. |
I was way off on the number of refineries in the US but they are always plagued with "problems."
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Speaking of the electricity economy - Germany is having some interesting problems.
http://www.spiegel.de/international/...-a-850419.html The inherent limits of wind and solar require a different approach to an electrical grid - and some unique problems for industry and teh economy in general. I see this as a good argument for electric cars actually - the connection is I assume obvious. No? It's the batteries. Then we can take the fossil carbons, natural gas in particular, and use it to run smaller less expensive cogeneration planst for industry - indyustry gets reliable current and the surplus heat, a big win win. Our problem is, as a nation we have lost the ability to innovate infrastructure. the free market is reactive, not proactive, so it can't innovate, it only reacts to current demands. It assumes a stable state, and we have left stable state behind. We need leadership and vision, but we have built a system that punishes leadership and defunds vision. It's a paradox, much like the oil paradox, or the meritocracy paradox. |
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My girl drives 100 miles in one direction for work 3 days a week. We are going to save HUGE on gas. This Prius gets almost 3 times as many MPG as our minivan. |
This is why I live 5 minutes from work. Takes me weeks even with not so great mileage on my car to go through a tank. Gas companies will never want to give up their record profits and neither will their shareholders
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I have been redoing my home the past few years -- rebuilding a good part of it and buying energy rated appliances with tax credits. |
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Hit me up. |
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