| Author | Message | ||
     Buelleaver |
1) We get most of our crude oil from Canada 2) Canada is second only to Saudi Arabia in terms of reveres. 3) the only reason we don’t get more is the oil companies will not invest In the infrastructure to export more from them. 4) Crude storage in the mid west is at full capacity from this crude. 5) This Crude can typically be cheaper then benchmark crude oil, but the difference in price Is pocketed by the oil companies. 6) China is investing very heavily in Canadian crude because they view it as a stable source. They are going to control Canadian crude and nobody seem to care. 7) We are basically lied to about the depth our dependence on middle east oil 8) We our allowing China too large a roll in Canadian, which could effect us more then anything in the Middle east. This should be our investment , not China’s. Too bad it’s too late to make them a state.. Pretty sickening… http://www.eia.doe.gov/pub/oil_gas/petroleum/data_ publications/company_level_imports/current/import. html http://news.yahoo.com/s/nm/20110309/lf_nm_life/us_ usa_oil http://www.canada.com/technology/science/story.htm l?id=3246141 http://www.reuters.com/article/2010/04/12/conoco-s yncrude-idUSN1219779720100412 | ||
| Bwbhighspl |
http://www.youtube.com/watch?v=LAYMJnO9LBQ | ||
| Gentleman_jon |
This country only has one enemy that is capable of defeating it. Unfortunately, it is the Obama administration. | ||
| Hootowl |
Your "facts" are not. You "evil oil company" folks amuse me. The oil from Canada is not the same as oil from Saudi Arabia. It is harder to process, so it is cheaper than light sweet crude. Who would pay more for less on the open market? Oil companies do not invest in ventures that are likely to lose money. For example, it doesn't make a lot of sense to pour money into a hole which yields an out of ground cost of $25 a barrel when the Saudis are pumping it for $3. This is a good business practice, and not evil. When the price of oil goes up, more expensive oil is recovered from those wells, supply is increased, and prices go down. Canada has VAST oil reserves locked up in tar sands. It is quite expensive to process. | ||
| Xl1200r |
Canada has VAST oil reserves locked up in tar sands. It is quite expensive to process. And shale. From what I recall, this is the kind of land the Chinese have bought. Still a bad idea, but it is not cost effective to process this oil at current. The main point is we're not as close to running out as people want to believe. | ||
| Xodot |
.... and the pipelines spanning this great country are reaching the end of their life expectancy soon - so hold your breath for that required capital investment each time you fill up the tank! There are higher prices yet a'comming boys! | ||
| Buelleaver |
I’ll stick by my facts. The tar sand oil is one issue. That adds $ 15 per barrel. But being a new technology the tar sand oil is only a fraction of Canada’s oil production. Right now the tar sand oil is less than 40% of Canada’s production. The other 60% is similar to Texas crude, which costs no more to refine. We have been importing that crude for many, many years. And there are gluts of that crude in the US right now. | ||
| Buellhusker |
They are battling right now about putting another 36" pipeline from Canada, North and South Dakota down to the Gulf refinerys, Problem is that it will be right over the worlds largest underground fresh water supply and the people of western Nebraska do not want it over this underground lake, they want it moved more to the East end of the state to protect this water resource. They are battling this out in the court systems now. This pipeline would be the second one the first is located in the East portion of Nebraska away from the water reserve. | ||
| Strokizator |
Too bad it’s too late to make them [Canada] a state.. Oh yeah, because if they were a part of the USA the current administration's hatred of oil drilling wouldn't apply north of the 49th, right?. The interior dept would just make Canada one big wild preserve and shut down all logging and mineral extraction. | ||
| Crackhead |
".... and the pipelines spanning this great country are reaching the end of their life expectancy soon - so hold your breath for that required capital investment each time you fill up the tank! There are higher prices yet a'comming boys!" shouldn't they be collecting the replacement costs the entire time the pipe lie is being used? IE pipe line last 50 years. During the 50 years, enough is set aside to replace the pipe line. What the hell am i talking about. The water system in DC is falling apart and no $ is set aside to replace it. | ||
| Johnnymceldoo |
Imagine being a "big oil exec" and your American customers elect an administration that openly says they will encourage energy prices to rise because less consumption means less pollution. If that's not a hint to raise oil prices than I don't know what is. Not saying that's what's happening but the current administration surely has an interest in high oil. Virginians better cross their fingers the guy they elected doesn't do what he said he will do about coal plants either. | ||
| Scooter808484 |
Canadian crude is far more sour, placing an upper limit on the amount that can be processed to existing fuel sulfur content specs (in place WELL before Obama took office.) This excess sulfur requires additional sulfur treat capacity. Most refineries have a total sulfur permit limit, again, in place well before Obama took office. Many oil companies have invested in Canadian crude. BP for example is investing billions at the Whiting, IN refinery expressly to process more Canadian crude. However they were nearly stopped by Illinois and Indiana local governments because of "pollution" in Lake Michigan. You can read up on that yourself, but that was during the Bush administration. The North American market for fuel is stable to declining. China et al is growing. With limited capital, (capital is always limited) where would you invest? If there were truly a "glut" of sweet Canadian crude on the market, do you think independent refiners, those with no upstream capacity would continue to pay >$100/bbl? Your "facts," at best, are incomplete. | ||
| Buellriderx |
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| Strato9r |
Forget making Canada a state; you dont want the ridiculous amount of bureaucracy. Alberta would be all that you want. I'm in! | ||
| J2blue |
Don't forget the smelly French speaking Canuks, don't want them either.  |
