| Author | Message | ||
     Okinawaxb12s |
ChevronTexaco Buying Unocal in $16.4B Deal and they say aren't trying to create a monopoly.another one bites the dust. | ||
| Brucelee |
"ChevronTexaco Buying Unocal in $16.4B Deal and they say aren't trying to create a monopoly.another one bites the dust." Trying to create a monopoly and actually doing it are two different things. This new company is a spit in the ocean compared to several others. You keep seeing boggeymen in your dreams. Remember, supply and demand! | ||
| Taxman |
when cows die they do not become fossil fuels.. they decompose into dirt. coal and oil were made millions of years ago when massive fern beds and other vegitation were repeatedly destroyed and replentished in the same location then compressed over time. the earths supply of coal and oil is becoming very limmited and is near the point of exhaustion. last fall (i think it was last fall) the 5ish global banks got together and did a study on the so far untapped oil and coal and determinned that they will as of 2010(again not sure of the date) be no longer offering any business loans for companies collecting these resources. instead that are shifting all that money into R&D of other means of power. solar/wind/water power for example will be there primary reciever of all funds. i read several articles on this not long ago. when i find where i got it from i'll throw up a link. | ||
| Mikej |
Do a search on the site here, the original origin of oil (say that three times really fast at a lunch table) was discussed somewhat in some depth or breadth (could have been diagonally too) . Oil may or may not have come from dinosaurs, oil may or may not have come from plant matter, oil may or may not be getting replentished today, oil may or may not run out in our lifetimes (of course some have more life left than other, not necessarily related to chronology) . YMMV, as will your MPG. | ||
| Slaughter |
Bastards are also charging too much for houses. We need to combat the Real Estate CONSPIRACY. FAWCK - in 1978, my F-150 cost $6300. Gas hit $1 for the first time. Now gas is $2.50 - can you get an F-150 for $15700? Seems about right. Houses here in the Desert were about $25,000-$35,000 then, $300,000 now. Life's not fair. Never was. | ||
| Mr_grumpy |
I'm going out to my garage & I'm going to build a car that runs on MILK, I'll be rich I tell you, rich rich rich, hahahahaha............... now where's the wife's old breast pump, hmm te tum tum, Nurse is it time for my pills yet? | ||
| Jeremyh |
you guys think we have it bad here in the states.....try living in Europe. If you don't know what i mean try looking at the average gas price for some where like london. Come on guys peoples sons and daughters die everyday protecting this ••••. Someone has to pay for that and you can bet your ••• its going to be us consumers. | ||
| Citified |
It isnt just cars either. It costs around 300 dollars a month to heat my house this winter.  | ||
| Rek |
I don't know how this whole supply vs demand thing actually works. I live in Eastern MT where an oil boom is currently underway and they're producing raw crude faster than the processors can take it in. One of my neighbors owns a trucking company and his trucks have a 6-8 hour wait every time they haul a load to the refinery. So if they're sucking oil out of the ground faster than the refineries can process it, doesn't that mean we have ample supplies? And if we have an ample supply why should the price go up? Rob | ||
| Grndskpr |
And if we have an ample supply why should the price go up? There in lies the problem, supplies are higher than usual, at least hear, so why is crude at an all time high, why are gas prices going up WHy are funds and individuals buying futures based on the idea that crud will keep going up????? Not sure, maybe somebody expects supply to dwindle, maybe someone expects a future problem, maybe somebody expects a disruption in the supply side, maybe somebody expects china/india to ramp up production Who knows, this market driven rise in prices is at this point out of control to a degree, it has several middle east groups concerned because as the price goes up, other forms of fuel become more afordable(tar sands of canada for example) and if it goes to high, alternative fuel supplies will be very affordable, leaving the oil suppliers left with nothing Again its going to be and interesting summer R | ||
| Outrider |
Looks like many have missed the articles in the financial publications concerning the impact of emerging markets (China in particular) have had on the demand vs supply of crude oil. The catch is to use up the world's supply of crude first and keep ours for later. In the interim, continue to develop alternatives that reduce our dependence on fossil fuels. Of interest, China is sitting on significant oil fields as well and, like the US, they are draining the oil fields in the Middle East first. Remember, besides being a loadie, Hitler ran out of fuel during WWII which made victory a lot easier for the US and our Allies. The same concept applies to the current world economic and political agenda's. | ||
| Blake |
Seems as though some are implying that our domestic refineries have the capacity to keep up with domestic demand. Not sure that is a good assumption. Pretty sure is isn't. | ||
| Josh_ |
http://www.infoplease.com/ipa/A0922041.html | ||
| Grndskpr |
Looks like many have missed the articles in the financial publications concerning the impact of emerging markets (China in particular) have had on the demand vs supply of crude oil. Didnt miss it, actually read it, interesting considering they have reduced the imporation of raw material because there economy was super heated, they were afraid of runnaway inflation, and put the clamps down on what if anything could be imported, one of the reasons the price of steel has stabalized(actually all metals) So we get back to the original topic, if there are larger reserves than last year, supply is not a problem, why is the price going up????? Speculation, eminent problem hedge funds example why would a company with no earnings, not material and no any thing but a web page go up 500 to 1000 percent in one day Seems as though some are implying that our domestic refineries have the capacity to keep up with domestic demand. Not sure that is a good assumption. Pretty sure is isn't When you say domestic, including alaska and the the lower 48, not sure if they could keep up, it is possiable, but as i am sure you have seen, especially in texas, if the price point is meet, pumps are working, if it is below a specific level, they shut them down, it used to be near 30 or 40 a barrel for all the pumps to be working, not sure what it is now, keeping up i dont belive was ever the problem, the price of keeping up was, and will be in the future So Blake seen any wells get started that havent been run in some time, maybe more tankers on the road, keep an eye out, might just see some thing R | ||
| Blake |
Again, not oil supply, refinery capacity. If we could fill up with raw crude, we'd have no issue. Our domestic refinery capacity simply cannot meet anywhere near what our demand requires. Due to the age and depletion of local fields, at one time the largest known oil reservoir in N. America, the East Texas oil field is in an injection harvesting mode. But yes, all the pumps are turning on and running at optimum output, meaning pumping as much as they can pump without hurting the field's long term production. The break even point for West Texas crude was around $20/barrel last time I heard. So yeah, it makes sense to leave the pumps sitting idle until a decent profit margin is achieved. Wish I had my own oil pump sitting the back yard right now. Just a mere dozen or so barrels a day would be fine by me.  Do any of ya griping about the price of oil know what it takes to simply produce a well? I mean forget finding and tapping into it in the first place, do you have any clue as to what is involved in the ongoing production of a viable oil well? Do you think that oil is the only thing that comes out of the ground? H2O comes out too. That ain't nothing. We also get this other stuff called H2S too. You oughta smell that stuff! On 2nd thought, please don't... on account of it's deadly poisonous. I am amazed that oil is as inexpensive as it is. You can thank the Arabs for that. If they wanted, they could close the tap. Of course we wouldn't allow that, now would we.  | ||
| Blake |
Tankers on the road? We got us pipelines crisscrossing practically the entire country. We don't need no tankers to haul crude oil. If we did, gasoline would cost even more. | ||
| Road_thing |
Blake, you nailed it: refinery capacity is the limiting factor. Does anyone care to hazard a guess as to how many new refineries have been built in the USA in the last 25 years? rt | ||
| Blake |
Zzzzzzzzzzzzzzzzzzzzzzzzzero? | ||
| Okinawaxb12s |
somebody build a vehicle that runs on methane.all you would need is a couple of cows or a trip to the local landfill to top off.  | ||
| Rocketsprink |
Have the prices risen around the world equally to that of the USA? NIMB's have a lot to do with the refineries not being built.(Not In My Backyard) Seems everyone wants everything to be cheap, as long as the manufacturing of said product doesn't interfere with them. Can't have it both ways folks. Scary part is going to be how much the gas prices are going to raise the price of other products due to higher shipping costs. How it will affect businesses and peoples jobs that rely on a lot of driving. Will it change peoples Vacation plans? That will affect local economies. How much higher will it go?! Here in little Kenosha , WI it's already up to $2.45 for regular Unleaded. Summer isn't even here yet, and the famous change from "Winter blend to Summer blend" hasn't happened, and that usually raises prices as well. | ||
| Charlieboy6649 |
Yea there's a lot of NIMB's here in Yuma. We're scheduled to get one of the first refineries built in years as Thing stated, but the opposition is strong. I don't know why? A study was done and due to stringent emissions regulations, the new refinery would actually put out less emissions than the trains that pass through here on our tracks daily! I think the jobs and boost to the economy would be great. I think we need to heed the warning of activists in Britain who warn us to never let government try to regulate our usage through extreme tax hikes. I think it's ridiculous that they pay as much as they do, up to $6 a liter, and most of it is tax. I know most of ours is tax too, but not to that extent yet. | ||
| Road_thing |
Give the man in Kilgore a Kewpie doll.... | ||
| Brucelee |
Build a refinery? The liberals in CA and MA will simply have none of this!!!!!!!!!!!!!!!!!! | ||
| Rek |
How about just caputuring some of methane that burns off these sites 24/7? Our local paper did a study and discovered these wells averaged 3,000 gallons of methane per day. Now that's a waste. Maybe it's like the envoro-weenies say, a little bit of conservation goes a long way. Rob | ||
| Outrider |
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| Road_thing |
Capturing methane--with natural gas prices at historic highs, you can rest assured that no refinery operators are burning any "tailgate" gas that they can't safely collect and sell. rt | ||
| Mr_grumpy |
Okinawa the methane thing has been done a long time ago, during WW2 in the UK vehicles used to have a huge roof rack with a big gasbag attached and they used to run cars on chicken sh*t & such. no joke, my grandad had a garage in the north of scotland & my dad showed me pictures. Both FIAT & Volvo produce methane powered cars NOW! The future of the internal combustion engine my friends is BIODIESEL. There are food surpluses all over the world, & here in Europe farmers are paid to NOT grow stuff due to over capacity, crazy. Growing techniques are constantly improving yields, what is needed is the political will to stop paying for nothing & to provide an incentive to make it work, unfortunately the unit cost can't compete with fossil fuels at present so it's clear that governments of whatever stripe are going to get less tax money for a given price of fuel, therefore they're reluctant to push it. The European parliament has brought in targets to be acheived as a percentage of fuel usage but they're pitifully small & most countries aren't even going to meet them. This situation will change eventually, but for now Brazil is the only country to wholeheartedly embrace the concept, I salute them. I'm not a tree-hugger, I'm a petrol-head, but anything that localises fuel production as a renewable resource is good in my book. For more info look here http://biodiesel.infopop.cc/eve | ||
| Outrider |
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| Blake |
Ding-ding-ding.... unfortunately the unit cost can't compete with fossil fuels at present... And that is the governing factor. If it weren't, it wouldn't be capitalism, and that would be bad. It has NOTHING to do with tax revenue. It has to do with people being largely unwilling to pay more for biodiesel than regular petroleum diesel. Remove all tax, the situation is no differnt. BTW, how does petroleum come into existence? If from plants and other living organisms, why is it any different than biodiesel? I mean other than the cycle time it takes to go from plant to fuel, what is the difference? At one time in Earth's history, is it likely that the environment contained a bunch more free carbon than it does now? Why is it automatically bad to put that carbon back into the environment. The dinosaurs didn't seem to mind it. What would happen if the Earth's atmospheric pressure doubled? Just some things that may cause an open mind to say "hmmmmm." | ||
| Mikej |
"What would happen if the Earth's atmospheric pressure doubled? " I'm thinking bug splat. |
