Oil & Gas thread:12-17-08 OPEC & non-members agree to largest reduction in history 7 percent

[CADsortaGUY]

Originally posted by: conehead433
So I'm watching C-Span and the Senate is currently debating the oil speculation bill among other energy related matters. Looks like the Republicans are going to kill the oil speculation bill. I have to wonder whether they are just doing it because the democrats came up with it. No wonder Congress' approval rating is in the toilet. I guess we could vote the bastiges out of office, then we would have a new crop of do nothing bastiges.

Uhh... the bill would pass if the Dems (Dem leaders) would allow drilling. Really that's all it would take- open up offshore leasing for drilling and/or ANWR. Both sides are being stubborn but IMO speculation "control" without more domestic drilling makes no sense. The chant has been against "foreign oil" yet we can't drill where we know the oil is here.

 

[Jhhnn]

Originally posted by: CADsortaGUY

Originally posted by: conehead433
So I'm watching C-Span and the Senate is currently debating the oil speculation bill among other energy related matters. Looks like the Republicans are going to kill the oil speculation bill. I have to wonder whether they are just doing it because the democrats came up with it. No wonder Congress' approval rating is in the toilet. I guess we could vote the bastiges out of office, then we would have a new crop of do nothing bastiges.

Uhh... the bill would pass if the Dems (Dem leaders) would allow drilling. Really that's all it would take- open up offshore leasing for drilling and/or ANWR. Both sides are being stubborn but IMO speculation "control" without more domestic drilling makes no sense. The chant has been against "foreign oil" yet we can't drill where we know the oil is here.

Putting out the usual smokescreen, I see... The oil companies have leases that they're not drilling, and wells they're not pulling oil from, but, of course, new leases at discount rates are the obvious answer, right? And we'd see oil from them when? 10 years or so?

The lameness of the rightwing position is stunning... more oil isn't the answer, certainly not in the long run. Conservation and efficiency are, but they cut into oil profits... Can't have that, huh-uhh...

 

[quest55720]

Originally posted by: Jhhnn

Originally posted by: CADsortaGUY

Originally posted by: conehead433
So I'm watching C-Span and the Senate is currently debating the oil speculation bill among other energy related matters. Looks like the Republicans are going to kill the oil speculation bill. I have to wonder whether they are just doing it because the democrats came up with it. No wonder Congress' approval rating is in the toilet. I guess we could vote the bastiges out of office, then we would have a new crop of do nothing bastiges.

Uhh... the bill would pass if the Dems (Dem leaders) would allow drilling. Really that's all it would take- open up offshore leasing for drilling and/or ANWR. Both sides are being stubborn but IMO speculation "control" without more domestic drilling makes no sense. The chant has been against "foreign oil" yet we can't drill where we know the oil is here.

Putting out the usual smokescreen, I see... The oil companies have leases that they're not drilling, and wells they're not pulling oil from, but, of course, new leases at discount rates are the obvious answer, right? And we'd see oil from them when? 10 years or so?

The lameness of the rightwing position is stunning... more oil isn't the answer, certainly not in the long run. Conservation and efficiency are, but they cut into oil profits... Can't have that, huh-uhh...

So not only are the oil companies evil but they are stupid now. You really think they are not pumping every drop they can right now with prices so high. Everyone is trying to up production to take advantage of those high prices. I guess everyone but the stupid american oil companies right? They are just sitting around watching the Saudis make all the extra money right come get real.

Just because they lease land does not mean it has oil on it. You want them to drill on land with no oil?

It is good to read the Obama/Pelosi talking points for the 1000th time while the price of oil continues to cripple the poor/working class.

 

[dmcowen674]

Originally posted by: quest55720
It is good to read the Obama/Pelosi talking points for the 1000th time while the price of oil continues to cripple the poor/working class.

Excuse me. You know there is no shortage of oil right?

There is obviously a shortage in the brains dept.

 

[quest55720]

Originally posted by: dmcowen674

Originally posted by: quest55720
It is good to read the Obama/Pelosi talking points for the 1000th time while the price of oil continues to cripple the poor/working class.

Excuse me. You know there is no shortage of oil right?

There is obviously a shortage in the brains dept.

Supply is so tight any sort of bad news makes prices skyrocket. If we increased domestic production the supply would not be so tight and that bad news would not spike prices so much. Then add in keeping dollars here in this country making the dollar stronger lowering prices. Then add the high paying jobs and royalty/tax revenue that could go towards developing alternatives. That and demand from china and india is only going to get stronger we need to up supply to make up for that. Drilling needs to be part of any energy plan along with alternatives and conservation.

 

[conehead433]

Originally posted by: quest55720

Originally posted by: Jhhnn

Originally posted by: CADsortaGUY

Originally posted by: conehead433
So I'm watching C-Span and the Senate is currently debating the oil speculation bill among other energy related matters. Looks like the Republicans are going to kill the oil speculation bill. I have to wonder whether they are just doing it because the democrats came up with it. No wonder Congress' approval rating is in the toilet. I guess we could vote the bastiges out of office, then we would have a new crop of do nothing bastiges.

Uhh... the bill would pass if the Dems (Dem leaders) would allow drilling. Really that's all it would take- open up offshore leasing for drilling and/or ANWR. Both sides are being stubborn but IMO speculation "control" without more domestic drilling makes no sense. The chant has been against "foreign oil" yet we can't drill where we know the oil is here.

Putting out the usual smokescreen, I see... The oil companies have leases that they're not drilling, and wells they're not pulling oil from, but, of course, new leases at discount rates are the obvious answer, right? And we'd see oil from them when? 10 years or so?

The lameness of the rightwing position is stunning... more oil isn't the answer, certainly not in the long run. Conservation and efficiency are, but they cut into oil profits... Can't have that, huh-uhh...

So not only are the oil companies evil but they are stupid now. You really think they are not pumping every drop they can right now with prices so high. Everyone is trying to up production to take advantage of those high prices. I guess everyone but the stupid american oil companies right? They are just sitting around watching the Saudis make all the extra money right come get real.

Just because they lease land does not mean it has oil on it. You want them to drill on land with no oil?

It is good to read the Obama/Pelosi talking points for the 1000th time while the price of oil continues to cripple the poor/working class.

They're not drilling because it is more profitable for them to just buy oil from the Middle East or wherever and sell it for a profit. They don't care how much it cost the average consumer. It's a proven fact there's millions of barrels on land they are not drilling on.

 

[CADsortaGUY]

Originally posted by: Jhhnn

Originally posted by: CADsortaGUY

Originally posted by: conehead433
So I'm watching C-Span and the Senate is currently debating the oil speculation bill among other energy related matters. Looks like the Republicans are going to kill the oil speculation bill. I have to wonder whether they are just doing it because the democrats came up with it. No wonder Congress' approval rating is in the toilet. I guess we could vote the bastiges out of office, then we would have a new crop of do nothing bastiges.

Uhh... the bill would pass if the Dems (Dem leaders) would allow drilling. Really that's all it would take- open up offshore leasing for drilling and/or ANWR. Both sides are being stubborn but IMO speculation "control" without more domestic drilling makes no sense. The chant has been against "foreign oil" yet we can't drill where we know the oil is here.

Putting out the usual smokescreen, I see... The oil companies have leases that they're not drilling, and wells they're not pulling oil from, but, of course, new leases at discount rates are the obvious answer, right? And we'd see oil from them when? 10 years or so?

The lameness of the rightwing position is stunning... more oil isn't the answer, certainly not in the long run. Conservation and efficiency are, but they cut into oil profits... Can't have that, huh-uhh...

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.
Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

 

[yuppiejr]

Is this latest "crisis" still going on? I filled up my car this morning at $3.60 a gallon and shockingly I was still able to put food on the table...

<yawn>

When's the latest doom and gloom crisis going to hit, the latest batch are getting kind of stale on the replay value.

 

[dmcowen674]

Originally posted by: yuppiejr
Is this latest "crisis" still going on? I filled up my car this morning at $3.60 a gallon and shockingly I was still able to put food on the table...

<yawn>

When's the latest doom and gloom crisis going to hit, the latest batch are getting kind of stale on the replay value.

Did your salary double like the price of fuel and everything else?

You're amazing, you are a god.

 

[dmcowen674]

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

 

[GoPackGo]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

Remember when Diesel used to be cheaper than gasoline?

It's all a scam

 

[CADsortaGUY]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

Aren't you out of straw yet troll?

diesel/gas has nothing to do with what I posted. Neither does your whining about "shortage". Just because there may not be a "shortage" does not mean we don't need to increase our own supply production. Sheesh.

 

[dmcowen674]

Originally posted by: CADsortaGUY

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

Aren't you out of straw yet troll?

diesel/gas has nothing to do with what I posted. Neither does your whining about "shortage". Just because there may not be a "shortage" does not mean we don't need to increase our own supply production. Sheesh.

Can you ever answer a question?

 

[Ernie99]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

The global demand for diesel has grown enormously. Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India. Why? My guess is they are following the money. With weak demand in the U.S., it is more profitable to sell to a growing economy like China.

Global oil demand is increasing, and global production growth is not keeping pace with it. Couple that with a unregulated futures market...

 

[dmcowen674]

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

 

[StageLeft]

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

Are you? It's the American way now to send money to China and India.

I've heard that, related to the UK, the US is a net exporter of diesel and importer of gas, so the reason diesel is pricy is a refining issue. There is no conspiracy here.

 

[dmcowen674]

Originally posted by: Skoorb

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

Are you? It's the American way now to send money to China and India.

I've heard that, related to the UK, the US is a net exporter of diesel and importer of gas, so the reason diesel is pricy is a refining issue.

There is no conspiracy here.

Bahahahahahaha :laugh: I needed a laugh today

 

[Ernie99]

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

I am afraid whether I enjoy it or not is of little consequence. U.S. corporations exist to make a profit. Currently, they can make a profit by selling diesel fuel to India and China. What's wrong with that? Yeah, I hate the prices at the pump just like everyone else, but only two things are going to bring the world out of this: 1) produce more oil to meet growing demand in the short term 2) find an alternative for the long term

 

[dmcowen674]

Originally posted by: Ernie99

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

I am afraid whether I enjoy it or not is of little consequence. U.S. corporations exist to make a profit.

Currently, they can make a profit by selling diesel fuel to India and China.

What's wrong with that?

I don't live in China. I don't like sending my money there. Why do you?

What gives these companies the right to send my money there?

What gives you the right to agree to send my money there?

Is this China?

 

[EagleKeeper]

Originally posted by: dmcowen674

Originally posted by: Ernie99

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

I am afraid whether I enjoy it or not is of little consequence. U.S. corporations exist to make a profit.

Currently, they can make a profit by selling diesel fuel to India and China.

What's wrong with that?

I don't live in China. I don't like sending my money there. Why do you?

What gives these companies the right to send my money there?

What gives you the right to agree to send my money there?

Is this China?

Why should those companies not be able to sell where they want.

Other countries can sell in the US.

You choose to purchase US or foriegn made products as a consumer.

 

[frostedflakes]

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

Originally posted by: dmcowen674

Originally posted by: CADsortaGUY

*yawn* same old tired BS from the wingnuts. "waahhhhh they aren't using land they have"... :roll: This is incorrect and has been addressed many times - yet you, Pelosi, BHO and the other nuts still seem to ignore it.

Yeah, the long term answer is obviously speculation control... :roll: What a buffoon.

Can you explain why Diesel is a dollar more than gasoline?

Remember there is no oil shortage.

Aren't you out of straw yet troll?

diesel/gas has nothing to do with what I posted. Neither does your whining about "shortage". Just because there may not be a "shortage" does not mean we don't need to increase our own supply production. Sheesh.

Can you ever answer a question?

IIRC the higher price is due to the recent mandates for ultra-low sulfur levels (<15ppm), adds more cost to refining diesel.

 

[CyberDuck]

Originally posted by: frostedflakes

IIRC the higher price is due to the recent mandates for ultra-low sulfur levels (<15ppm), adds more cost to refining diesel.

Thats not the whole story. The main reason the price of Diesel is higher than Petrol is that The Europeans (like me) are switching over to diesel in their cars. Diesel use in the EU has risen more than 15% the last 10 years or so, while petrol usage has actually dropped 22%. The U.S. can then import gas from Europe since our refinaries have a surplus, while Diesel is in high demand. The gas prices in the U.S. are probably artificially low because of this while the diesel prices are more "normal" given current refining capacity world wide.

Theres more to it though, I think this article explains it quite well:

Diesel Prices

 

[frostedflakes]

Thanks for the explanation, I'll have to check the article out.

 

[Duwelon]

The enviornmentalists, aided by the left wing have hamstrung our country where we can't produce enough of our own oil.

Prices skyrocket, and for awhile demand keeps up.
Prices keep skyrocketing, and demand eventually cuts back and prices recede after several factors, including America starting to get serious about more oil drilling.
Then, you have people like the OP who declare "see there was no shortage"

THis is exactly like having too many kids to feed and killing a few off so that the rest have enough. Man the left wing loonacy makes me angry sometimes... how utterly insane can people be to keep voting for democrats while they're tearing our economy a new one with their energy policies?

 

[blackangst1]

Originally posted by: dmcowen674

Originally posted by: Ernie99

Originally posted by: dmcowen674

Originally posted by: Ernie99

Some refineries here in the U.S. are producing more diesel than gasoline and selling it to Asian countries like China and India.

You enjoying subsidizing China and India?

I am afraid whether I enjoy it or not is of little consequence. U.S. corporations exist to make a profit.

Currently, they can make a profit by selling diesel fuel to India and China.

What's wrong with that?

I don't live in China. I don't like sending my money there. Why do you?

What gives these companies the right to send my money there?

What gives you the right to agree to send my money there?

Is this China?

Because its not your money. After you make a purchase you have traded your money for goods and services.