Tankers Attacked In Gulf: Price of Oil Up

#404
#404
Rasputin_Vol said:
And also with regards to the Supreme Court, why haven't they stepped in to stop any of these unconstitutional wars in the ME where Congress never declared war?

So let me get this straight, we have to worry about the Supreme Court when it comes to a few companies losing out on an arbitrage opportunity, yet we have no need for Supreme Court intervention when military and civilian lives are being put on the line halfway around the world.
Click to expand...

If you want to file a lawsuit challenging the 2001 AUMF you can. I believe someone has done that and lost.
 
  • Like
Reactions: 37L1
#414
#414
Rasputin_Vol said:
In the case of Middle East chaos, there would definitely be a reason to do it.
Click to expand...
I think it would happen naturally. If the flow thru the Strait was diminished prices would rise. If it got to the point that we would be into our strategic reserves I’d guess there are plans to replenish that, maybe even legislation.
 
#415
#415
NorthDallas40 said:
I’d guess you wouldn’t have a say unless it was one of carlos’s fabled 6 states.
Click to expand...

Well, I do have to say anything is possible.. After all they used to believe that it was impossible to power a car on water. However that was before fracking.
GP0442U-fracking.jpg
 
  • Like
Reactions: Carl Pickens and AM64
#418
#418
NorthDallas40 said:
So we have strategic petroleum reserve stockpiles as well as enough domestic production to replenish those reserves were there to be a loss of imports that our refineries are tuned for better efficiency. As a business they can sell for top dollar why not their share holders expect them to. As a strategic natural resource we are self sufficient.
Click to expand...

We were self sufficient in helium also. In fact, we basically had the world's supply of the stuff. We either husband our resources, or we become dependent on others ... the ME ... again.

By 1995, a billion cubic meters of the gas had been collected and the reserve was US$1.4 billion in debt, prompting the Congress of the United States in 1996 to phase out the reserve.[16][61] The resulting Helium Privatization Act of 1996[62] (Public Law 104–273) directed the United States Department of the Interior to empty the reserve, with sales starting by 2005.
Click to expand...

For many years, the United States produced more than 90% of commercially usable helium in the world, while extraction plants in Canada, Poland, Russia, and other nations produced the remainder. In the mid-1990s, a new plant in Arzew, Algeria, producing 17 million cubic meters (600 million cubic feet) began operation, with enough production to cover all of Europe's demand. Meanwhile, by 2000, the consumption of helium within the U.S. had risen to more than 15 million kg per year.[65]In 2004–2006, additional plants in Ras Laffan, Qatar, and Skikda, Algeria were built. Algeria quickly became the second leading producer of helium.[66] Through this time, both helium consumption and the costs of producing helium increased.[67] From 2002 to 2007 helium prices doubled.[68]

As of 2012, the United States National Helium Reserve accounted for 30 percent of the world's helium.[69] The reserve was expected to run out of helium in 2018.[69] Despite that, a proposed bill in the United States Senate would allow the reserve to continue to sell the gas. Other large reserves were in the Hugoton in Kansas, United States, and nearby gas fields of Kansas and the panhandles of Texas and Oklahoma. New helium plants were scheduled to open in 2012 in Qatar, Russia, and the US state of Wyoming, but they were not expected to ease the shortage.[69]

In 2013, Qatar started up the world's largest helium unit,[70] although the 2017 Qatar diplomatic crisis severely affected helium production there.[71] 2014 was widely acknowledged to be a year of over-supply in the helium business, following years of renowned shortages.[72] Nasdaq reported (2015) that for Air Products, an international corporation that sells gases for industrial use, helium volumes remain under economic pressure due to feedstock supply constraints.[73]
Click to expand...

Not just balloons: Helium shortage may deflate MRIs, airbags and research

Well done.
 
  • Like
Reactions: Orangeburst
#423
#423
NorthDallas40 said:
So you boy Barry was the one that removed the oil export rule. Don’t even try to spin this along party lines stewie
Click to expand...
Are we talking about the future or the past? I gave my answer, although If you want me to look further down the road, I'd say more restrictions
 
#424
#424
Stew Cook said:
Are we talking about the future or the past? I gave my answer, although If you want me to look further down the road, I'd say more restrictions
Click to expand...
It isn’t anything new. It’s pretty mature and most of the hysteria around it has subsided and will continue to do so.

Also about that pic you shared... scroll down a couple of points.

Fracking 101
 
New posts
You must log in or register to reply here.

VN Store



Back
Top