Drill here, drill now... prophetic

#101
#101
Bah. I've said my peace. I just disagree with you guys, on how to meet the future shortfall.
 
#102
#102
IPO, the point about China drilling in international waters off Florida is a pretty good one.
 
#105
#105
droski said:
Because they have a stable exchange rate policy?
Posted via VolNation Mobile
Click to expand...

I would say it is because they are an economy currently producing considerably more wealth than they are consuming. They harvest/collect resources and add value to them... like the US did when it had the world's healthiest economy.
 
#106
#106
Volst53 said:
Why do you think they keep loaning us money? This might be part of the deal that we will never know.
Click to expand...

Technically they aren't loaning us money.

We print treasury notes and the fed gives us federal reserve notes, then the fed sells the treasury bonds to China and eventually we have to pay China to redeem the bonds when they mature.

The international financiers who own the fed make out like bandits. The fact that this has been going on for a hundred years easily explains why so much wealth and power is concentrated in so few hands.

Meanwhile environmentalists, mostly funded by the wealthy elites, keep us from building nuclear plants, drilling oil and now are shutting off coal when they full well know that wind and solar will never replace our needs under even the best of circumstances.

We have enough oil reserves so that we could get by without any imports for at least a hundred years, maybe two hundred if we developed our own resources and even more coal.

Here are some things not many know about:

CHINESE PIPELINE OF INVESTORS (BUYING CITIZENSHIP IN THE USA)

Then they will want "foreign trade zone" status. Not that we really manufacture much anymore because we exported entire industries, but the idea of turning a country’s economy into being an exporting nation is the same kind structural adjustment program that was imposed on countries in South and Central America, the Caribbean and perhaps other countries as well. It provides caviar for a few and starves the many.
------------------------------

The foreign owned businesses that move to the U.S. can also apply for FTZ status and they can hire H1-B’s and other foreign workers on visas.

Idaho now has 2 new FOREIGN TRADE ZONES. One in Boundary County up north with a Chinese company, Hoku Materials, and one in Pocatello , with Hoku Materials the same Chinese company.
----------------------------------

Last October, China announced the state-owned Chinese energy giant CNOOC is buying a multi-million dollar stake in 600,000 acres of South Texas oil and gas fields.

Reporting the story, Monica Hatcher of the Houston Chronicle suggested China was "testing the political waters for further energy expansion into U.S. energy reserves."

That China is buying U.S. oil and natural gas rights in the continental United States will strike millions of Americans as paradoxical, especially since the U.S. continues to be a net importer of approximately 60 percent of the oil consumed in the United States.
------------------------------

Five years ago, the Bush administration blocked China on grounds of national security concerns from a $18.4 billion deal in which China planned to purchase California-based Unocal Corp.

Today, China has the cash, U.S. corporations need the business and the Obama administration has no plans to reverse the debtor relationship ......
Click to expand...

We are already shipping 80 million tons of coal to China annually and that is set to rise 10% in 2011.

Meanwhile our moron in chief is blocking any new coal fired plants, shutting down others and trying to bankrupt the rest.
 
#107
#107
VolsNSkinsFan said:
because its cheaper to refine and you get more gas out of a barrel which all = cheaper gasoline

Venezuela will always export oil to us because their oil is crappy and our refineries are the only ones who can process it. Therefore they sell it to us for much cheaper than WIT or Bent (yes there are different types of Oil)

Brent is the type of oil that European countries are buying. We mainly use WTI, which usually demands a premium vs other Oils, but WTI is currently 10% cheaper than Brent because we are well supplied. Drilling in the Gulf would add to the supply and it would make WTI even cheaper

I am trying to get you to understand that we are drilling here and production has increased and will increase over the next few years and that the current increase in production here in the US is making a difference right now.
Click to expand...

Good explanation. There are different kinds of oil. Basically, the less sulfur in the oil the higher the quality. Even though west Texas crude is of higher quality, it is not as close to the emerging markets as the Brent. Location.location, location...

The oil I worked with while in Venezuela (Called the Hamaca Field )had the viscosity of peanut butter. It was basically holding the sand grains together. So, although the OOIP (Original Oil In Place) was estimated to be 40 billion barrels, recoverable reserves were only 4 billion.
 
#108
#108
droski said:
plenty of easy to tap oil reserves off the coast of southern california. oil rigs do kind of ruin the view though. long beach has some cool looking ones. look like islands.
Click to expand...

I saw a car bumper sticker in LA many years ago that had an offshore rig with a red circle and slash over it. I remember thinking I would be much more impressed if it had been attached to a bicycle.
 
#109
#109
just saw a guy on CNBC that says their are enough oil shale reserves in colorado to equal saudi arabia's reserves.
 
#118
#118
We should've started developing our own energy resources years ago. When the left was against new drilling and oil shale back in 2001/02 they said it would be 10 years before it would be useable, therefore it wasn't worth it. Well here we are 10 years later and our energy problems haven't been solved by batteries and solar panels.

Another massive spike in oil, like in 08, and this economy will really tank. I really feel like we're teetering on the edge of financial collapse. We should drill, expand natural gas, oil shale, nuclear, even coal. We're not in a position to survive with our current energy policy.

I understand people want to limit pollution, but we cannot continue to do what we're doing. We're cutting our own throat.
 
#119
#119
TheDeeble said:
We should've started developing our own energy resources years ago. When the left was against new drilling and oil shale back in 2001/02 they said it would be 10 years before it would be useable, therefore it wasn't worth it. Well here we are 10 years later and our energy problems haven't been solved by batteries and solar panels.

Another massive spike in oil, like in 08, and this economy will really tank. I really feel like we're teetering on the edge of financial collapse. We should drill, expand natural gas, oil shale, nuclear, even coal. We're not in a position to survive with our current energy policy.

I understand people want to limit pollution, but we cannot continue to do what we're doing. We're cutting our own throat.
Click to expand...

GEE, there is logic out there...:clapping:
 
#122
#122
droski said:
seems like something technology could solve without turning it into an open pit.
Click to expand...

The technology is there... companies just aren't willing to spend the money when a cheaper solution is available.

Oil companies aren't exactly having a hard time balancing themselves out. Most companies are wary about drilling in the US because of lowering (slowly, but surely) demand for oil. Why drill Colorado/Utah/Wyoming when you can destroy Nigeria, Sudan, or some other backwater country with no penalty. Plus... it's shale, not crude oil. It would need to be converted (either by heat, chemicals or some other means) which is even more overhead.

This would require, as I understand it, melting/converting the rock into a liquid crude. This might have an adverse affect on a region that is already a geothermal hotbed.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top