OIL

[DJ]

Re: OIL

TXS,<br /><br />QC, just explained something to you. It makes perfect sense. It's called supply and demand.<br /><br /> If we wanted to level the price out, we COULD demand that the Fed. does not require 23 different blends of gasoline, throughout the country. God knows how many diesel. <br /><br />And, stop looking in the wrong woodpile for the snake. It may be your neighbor.

 

[Limited-Time]

Re: OIL

Demand for consumer/auto diesel had grown in the past few years, production capabilities have not. The proliferation of Diesel powered Light Trucks alone (3\4 and 1 ton trucks) has increased the demand for diesel. Let alone over all increased demand for diesel in emerging markets. How many stations carry diesel fule today than just 3 years ago.

 

[POINTER94]

Re: OIL

Neat how we think it is dirty pool when stevens add's in the drilling ammendment, but what a heroic moment in time it was when McCain slipped in that mind numb Torture ammendment. This was a *** for tat manuever. And those on the left should be celebrating in the process.<br /><br />Questioned asked and answered. But again it is interesting how those most upset about Bush using his presidential powers to protect the country are the ones who feel they are empowered to look into others private business records.

 

[JasonJ]

Re: OIL

We as consumers need to bear some of the responsibility. When the prices hit the roof, people cut down on usage. The price drops, people flock out and start using more. If people would just keep monitoring their usage, the prices would stay at a bearable level. I still utilize the same conservation techniques I did when it was touching $3 a gallon. I am still paying $2.22 a gallon, it isn't enough of a decrease to warrant letting up my guard.

 

[POINTER94]

Re: OIL

I agree Jason. In addition I recieved my first winter heating bill, holy horse feathers. But I think the progression of china and India, and the like puts demands on the world oil supply that will make these spikes more frequent. My personal conservation efforts have remained as well. <br /><br />Thank god we don't look for more domestic sources to help level these spikes..

 

[QC]

Re: OIL

Originally posted by POINTER94:<br />I think the progression of china and India, and the like puts demands on the world oil supply that will make these spikes more frequent.

We will only be able to wish for the old spikes when these boys get rolling. This is the only reason I worry about oil, they are capable of dwarfing out current usage levels . . . <br /><br />As you also noted, the lack of exploration and drilling here is insane. Especially in ANWAR . . .

 

[KRS]

Re: OIL

I think that the convenience of a gas station on every corner is one nice thing that big oil has done for us? Don't you think so txswinner? Those buildings aren't free ya know.<br /><br />I guess I did it, I named one nice thing, now we can all move on to a different post.

 

[BoatBuoy]

Re: OIL

Grandparents used the term coal-oil. Did you know coal-oil wasn't made from coal? Wouldn't it be great to turn coal into oil. Hmm, 87 octane coal-oil...

 

[steamboatwilly]

Re: OIL

Ive always heard that the oil from the Alaska pipeline is shipped overseas.Is this true?

 

[QC]

Re: OIL

Originally posted by BoatBuoy:<br /> Wouldn't it be great to turn coal into oil

They already can. You should start to see more about Oil Shale too, which is found along with coal. Basically it is much easier to extract oil from the shale than the coal itself. Coal is next in line, but it is more costly to do the conversion.

 

[Kenneth Brown]

Re: OIL

They also turn coal into alcohol.

 

[steamboatwilly]

Re: OIL

Kerosene has been recovered from other substances, notably coal (hence another name, coal oil), oil shale, and wood. At one time kerosene was the most important refinery product because of its use in lamps.

 

[steamboatwilly]

Re: OIL

Coal oil is an oil used for illuminating purposes, also called "lamp oil ." It was formerly obtained from the distillation of mineral wax, bituminous shale, etc., and hence called coal oil. It is now produced primarily by the distillation and purification of petroleum.

 

[rolmops]

Re: OIL

I appreciate your concern for a free market.The oil market however is not free.The 7 big oil companies or "The seven Sisters" as they are also known are really a big cartel.In fact so big, that nobody dares to take them on in an antitrust lawsuit,because that lawsuit would take 50 years.(example:Exxon has not yet paid a cent for the Valdez oil spill).<br />As for producing oil from coal.The germans developed this technique in world war 2.After the 1973 oil crises,there was an oil company that decided to start this coal to oil idea in the midwest.They built a huge plant,but in the end the oil prices did not go up fast enough so they shelved the idea and the plant(it still sits there gathering rust)and used it as a tax write off(this after a gazillion in subsidies received from you and me,the tax payers.<br />In reality we have to wean ourselves of fossil fuels and develop alternative energy sources.Then we can tell the oil producers to drink their oil and choke on it.

 

[heycods]

Re: OIL

Originally posted by txswinner:<br />[QB] When is the last time an oil company did something nice for this country? .<br /> Katrina Relief<br /> BP PLC is donating $1million and said it would match employes contributions.<br /> Chevron Corp said it would donate $3million to red cross with a further $2 million going dirrectly to local chairities and relief efforts<br /> CITGO PetroleumCorp. president and CEO Filex Rodriguez announced the co. has pledged an additional$1million toward katrina relief efforts.Bringing th total to $2million.<br /> Exon Mobil Corp said it would contribute $7 million to relief efforts, $2 million of which would be given directly to the Red Cross. The co. will also donate things like fuel.<br /> Irving Oil Co. announced a $100,000 donation to The American Red Cross for the Katrina relief effort.<br /> Marathon Oil Corp. will contribute $1.5 million and match contributions by its staff to the Red Cross.<br /> Occidential Petroleum Corp. is donnating $1 million to the American Red Cross to aid the victims of Hurricane Katrina<br /> Shell donated $2 million to the United Way Katrina relief fund.<br /> Canadian MAR Oil Co. announces $13200 donations to the Red Cross<br /> I thought I remembered this after a lot of digging I came up with It. Skuse the typos I dont do the paste thing. lwr<br />]

 

[PW2]

Re: OIL

A significant portion of the oil from the Alaska Pipeline is indeed shipped overseas. (Mostly to Japan).<br /><br />Crude oil is not the same from one source to another, and refineries are typically set up to handle a specific type of oil.<br /><br />It is a world market, and the price reflects that. Asw long as US refineries have an adequate supply of crude, what possible difference does it make? Sure US refineries could be adapted to handle North Slope oil at an added cost, but why would anyone want to in the current political climate?

 

[kenimpzoom]

Re: OIL

If you really want to know, do some research on the supply and demand theory.<br /><br />Also, the big 7 is a myth. The are many other big time oil well drillers out there, but they dont get the press time cause they dont have gas stations. Ever heard of Amerada Hess, Kerr McGee, Anadarko? All major players.<br /><br />To sum it up, I have a question for you.<br /><br />Why do you think profit is evil?<br /><br />How much profit is ok with you? 2%, 5%, 10%, 20%???<br /><br />Ken

 

[rodbolt]

Re: OIL

energy like oil production,electrical generation and even telephone services are not free market enterprsies anymore. so they should not be allowed to opererate as a sole supply and demand type entitiey. yes they have to make a profit, thats a good thing. however its been shown time and again that occasionally the big oil producers and the refiners tend to collude occasionally to spike their profits. would be ok if the consumer actually had a choice. however most all the oil is refined by one of 7 companies even though its rebranded. we used to get all our shell oil products from a chevron refinery in alabama, in the ft worth area we got all our exxon stuff from a shell refinery in houston for many years. the infastructure required for oil and electrical energy production and distribution takes it outside the realm of free market enterprise. similar to the railroads of the 1800´s. I read in a caracas paper today that wheezy just manuvered a deal for chevron-texaco that gives the companies a 30 year gas drilling lease in VE. but until they show where the anwar project is actually viable I am against it, so far the studies indicate a limited supply that will most likly take 8-11 years to obtain and the cost will outweigh the profit of the oil unles substantial tax breaks and govt subsidies are in place. similar to we now spend more in military defence of the persian gulf reagion than the oil is worth. as world supply shrinks and demand grows we need to find alernative methods of production. hydrogen fuel cells in cars are a joke. the average citizen has difficulty with a standard gas pump. but hydrogen fuel cells for smelting,electrical generation and certain other high energy/industrial applications may be viable.<br /> before ya jump on the for/against Anwar bandwagon we need to know how much oil is there, is it going to have to be subsidized to obtain, how long before we see any of it and will the US actually see any of it. if the answers are in the red its a boondogle and, like the alaskan bridge to nowhere, should be killed.

 

[JB]

Re: OIL

Reductions in what you take away from someone (taxes) is not giving them money, nor is it subsidy. "Subsidized oil companies" is a left wing fairy tale.<br /><br />Collusion among "competitors" to fix or inflate prices is VERY illegal. If it happened or happens you can bet the anti-business left wingers would be on them like stink on a road pie.<br /><br />"We need to know how much is there." No we don't. The people who would spend billions to get it out need to know, and they think they do.<br /><br />Mebbe worth $.02, mebbe not.

 

[txswinner]

Re: OIL

Rodbolt, Collusion, seven sisters, Haliburton is not defense service contractor but an oil field service company, Oil companies price fixing, gouging, the whole Enron management was evil, Arthur/Anderson misrepresented the Enron assets and such ridiculous conspiracy theories do not exist.<br /><br />Do some research on the theory of supply and demand. You will feel better.<br /><br />You just say what you do cause you do not like GW and Cheney. What do you think the government should do anyway. It ain't the little guy who pays off the politicians. <br /><br />What do you mean supply and demand does not work in a monopolistic environment. Heck there are lots of competitors in the oil field. Not controlled by Exxon/Mobil just because they are largest corporation in world. It does not matter they are bigger than the next 10 combined. <br /><br />This is American you need to study Supply and Demand. We should never break up out of control monopolising companys. <br /><br />Restraint of trade, what do you mean we needed Haliburton to handle the billing for the war. Oh they do not actually do the work but hire independent contractors. Bunk another does not exist. Study supply and demand.<br /><br />Get the point there you bunch of left wingers.