Oil thread 9-7-06:Former BP head of Pipeline invokes 5th

[K1052]

Originally posted by: dmcowen674

Originally posted by: conjur
ruh roh

BP says huge U.S. drilling platform is tilting (Damaged by Hurricane Dennis)
http://www.msnbc.msn.com/id/8550990


Yeah...I'd say that's a slight tilt.

Thunder Horse facility leaning 20-30 degrees after Hurricane Dennis passes

Thunder Horse is the biggest hope for a small recovery in crude production in the United States where oil output has been falling since the 1970s.
===================================================
So this one single rig will be pinned as the sole responsibility for Oil crossing the $65 barrier this week and Gas crossing $3 gallon.

Cute

http://www.marketwatch.com/news/story.a...89B-9A33-F1FE5F95C4F6%7D&siteid=google

BP has boarded the rig and are pumping it out.
Perhaps some sort of ballast system problem, not apparently damage to the rig.

 

[0marTheZealot]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

High oil prices will encourage others to switch to more effecient means of heating/cheaper fuel/better insulation.

Who are these "others" you speak of?

What "more efficient means of heating/cheaper fuel" are you seaking of?

What is it?

Where is it?

How much cheaper, what does it cost?

As usual, you will not have an answer for any of the above.

baseless accusation again.

Replacing equipment that is 10 years old with newer equipment will save money in the long run, now matter what you are using to heat/cool your house. Adding more insulation will save money as well and one of the least inexpensive energy saving thing a home owner can do.

But back to original topic, I would assume oil burners are being replaced natural gas as electric would not be terribly effecient in extreme cold. And yes natural gas prices are being pushed higher because of clean air act basically require natural gas to be used for electricty production. For now upgrade of equipment is the best way to go, mine needs upgrades as well....


So what needs to happen short term, so that everyone is happy.

1. natural gas electricty plants needs to be liquified coal(almost as clean)
2. coal plants needs to be replace by nuke plants.

This would free up substantial amounts of natural gas for everyone....

What a bunch of malarky. There is no alternative to expensive gas and electricity yet you spout off a bunch of rhetoric anyway.

Well I am glad to see there is signs of life that those that were buying the load of bull have been shell shocked out of their brainwashing coma by high prices to see the Republicans for crooks that they are.

Hope it's not too late for this Country though.

I propose clean fuel alternatives which are viable today and conservation and you call it rhetoric.

Why do you do hate folks that drive innefecient SUVs, but you dont people with innefecient HVACs. They are the same thing, but i guess you cant make an HVAC a status symbol

OK dave, so what is your solution....oh yeah all you can do is rant..

You didn't propose jack. Nothing else exists thanks to Republicans.

yeah..whatever.....

Lots of solutions still exist you just have to open your eyes to them. Time to take the blinders off.

So once again what is your solution?[/quote]

SIMMONS: I don?t think there is one? The solution is to pray. Pray for mild weather and a mild winter. Pray for no hurricanes and to stop the erosion of natural gas supplies. Under the best of circumstances, if all prayers are answered there will be no crisis for maybe two years. After that it?s a certainty.

This statement was made in 2003.

 

[flawlssdistortn]

hope this isn't a repost (to this thread), but reading this scared the crap out of me...
Life After the Oil Crash

 

[B00ne]

Originally posted by: CADsortaGUY

Originally posted by: Yzzim

Originally posted by: 0marTheZealot
Ethanol is an energy loser and therefore will always need to be subsidized by an energy winner (re oil).

that's what I've understood too. Haven't looked for anything to back it up, but many people have told me that, and I'm from a farming community.

People run from trying to back it up. You see, the study and/or figures they cite are old I'd like to see something cited from the last decade from the people who continue to claim this.

CsG

There was a recent study from a Prof from Cornell and Berkeley

Result (according to Spiegel) Corn2 C2H5: +29% Energy in than out
Some other stuff +45%
wood +57%

Biodiesel: Soy 2 Diesel: +27%
Sunflowers +118%

Done as I understand with life cycle Analysis (so basically including the whole production chain ( Pesticides, Vertilizers, use of machines, watering, transportation, processing etc.

Pimentel, Patzek; Natural Resources Research, 2005, Vol 14, #1, 65-76

PS I didnt realize how old and how long this thread was :Q

 

[conjur]

Originally posted by: K1052

Originally posted by: dmcowen674

Originally posted by: conjur
ruh roh

BP says huge U.S. drilling platform is tilting (Damaged by Hurricane Dennis)
http://www.msnbc.msn.com/id/8550990


Yeah...I'd say that's a slight tilt.

Thunder Horse facility leaning 20-30 degrees after Hurricane Dennis passes

Thunder Horse is the biggest hope for a small recovery in crude production in the United States where oil output has been falling since the 1970s.
===================================================
So this one single rig will be pinned as the sole responsibility for Oil crossing the $65 barrier this week and Gas crossing $3 gallon.

Cute

http://www.marketwatch.com/news/story.a...89B-9A33-F1FE5F95C4F6%7D&siteid=google

BP has boarded the rig and are pumping it out.
Perhaps some sort of ballast system problem, not apparently damage to the rig.

:thumbsup:

 

[dmcowen674]

Originally posted by: K1052

Originally posted by: dmcowen674

Originally posted by: conjur
ruh roh

BP says huge U.S. drilling platform is tilting (Damaged by Hurricane Dennis)
http://www.msnbc.msn.com/id/8550990


Yeah...I'd say that's a slight tilt.

Thunder Horse facility leaning 20-30 degrees after Hurricane Dennis passes

Thunder Horse is the biggest hope for a small recovery in crude production in the United States where oil output has been falling since the 1970s.
===================================================
So this one single rig will be pinned as the sole responsibility for Oil crossing the $65 barrier this week and Gas crossing $3 gallon.

Cute

http://www.marketwatch.com/news/story.a...89B-9A33-F1FE5F95C4F6%7D&siteid=google

BP has boarded the rig and are pumping it out.
Perhaps some sort of ballast system problem, not apparently damage to the rig.

What really tells the story of the bullsh!t is that this rig that they are focusing on has never been in service yet. It is not "supplying" anything.

It isn't even scheduled to go into service until sometime in 2006 and yet they use it as an exucse to drive prices up now. If any Americans are still buying into this crap they are dumber than sheep, I will have to re-classify them as Turkles.

 

[Tsunami982]

if push comes to shove and opec shuts down oil production (highly unlikely because theyd be screwing themselves) 3 things could happen:
1. the world gets really pissed and sanctions them until they give in
2. it drives billions into alternative energy research (although inconvenient, a hydrogen/nuclear power infrastructure would be the most viable alternative)
3. the big countries (main consumers of oil) take over OPEC militarily.
all three possibilities mean OPEC nations would be screwed. if it did happen and #2 happened, it would be great for the world as well as the US. nuclear is the cleanest viable option we have right now. nuclear waste is bad... but so is burning millions of tons of coal is worse; you get a lot more energy with less pollution with nuclear. all other alternative arent viable in a large scale yet.

 

[ntdz]

Originally posted by: Tsunami982
if push comes to shove and opec shuts down oil production (highly unlikely because theyd be screwing themselves) 3 things could happen:
1. the world gets really pissed and sanctions them until they give in
2. it drives billions into alternative energy research (although inconvenient, a hydrogen/nuclear power infrastructure would be the most viable alternative)
3. the big countries (main consumers of oil) take over OPEC militarily.
all three possibilities mean OPEC nations would be screwed. if it did happen and #2 happened, it would be great for the world as well as the US. nuclear is the cleanest viable option we have right now. nuclear waste is bad... but so is burning millions of tons of coal is worse; you get a lot more energy with less pollution with nuclear. all other alternative arent viable in a large scale yet.

And the best part of nuclear waste? It's managable, unlike coal or oil.

 

[dmcowen674]

7-21-2005 Alternative energy sources show great promise: US energy secretary

CHICAGO (AFP) - Alternative energy sources show great promise in reducing the US dependency on foreign oil, US Energy Secretary Sam Bodman said.

We are approaching an era in time when every little bit will count," he said.

The United States also has to address the "inadequacy of our energy infrastructure," Bodman said.

 

[conjur]

Oil Industry Awash in Record Cash
http://www.msnbc.msn.com/id/8646744

But a smaller portion of profits is going to find new oil discoveries

When major oil companies report their quarterly profits next week, they're once again expected to post record numbers. With crude trading around $60 a barrel, the oil industry is enjoying one of the biggest windfalls in its history. But as the industry looks for places to put that cash, it's finding it harder and harder to put funds to work finding new deposits of oil and natural gas.

By just about any measure, the past three years have produced one of the biggest cash gushers in the oil industry?s history. Since January of 2002, the price of crude has tripled, leaving oil producers awash in profits. During that period, the top 10 major public oil companies have sold some $1.5 trillion worth of crude, pocketing profits of more than $125 billion.

?This is the mother of all booms,? said Oppenheimer & Co. oil analyst Fadel Gheit. ?They have so much profit, it?s almost an embarrassment of riches. They don?t know what to do with it.

I can think of a few places they can put it.

 

[catnap1972]

Originally posted by: conjur
Oil Industry Awash in Record Cash

?This is the mother of all booms,? said Oppenheimer & Co. oil analyst Fadel Gheit. ?They have so much profit, it?s almost an embarrassment of riches. They don?t know what to do with it.

They don't know what to do with what they have, yet they'll still complain that it isn't anywhere near enough for them. :roll:

 

[charrison]

Originally posted by: conjur
Oil Industry Awash in Record Cash
http://www.msnbc.msn.com/id/8646744

But a smaller portion of profits is going to find new oil discoveries

When major oil companies report their quarterly profits next week, they're once again expected to post record numbers. With crude trading around $60 a barrel, the oil industry is enjoying one of the biggest windfalls in its history. But as the industry looks for places to put that cash, it's finding it harder and harder to put funds to work finding new deposits of oil and natural gas.

By just about any measure, the past three years have produced one of the biggest cash gushers in the oil industry?s history. Since January of 2002, the price of crude has tripled, leaving oil producers awash in profits. During that period, the top 10 major public oil companies have sold some $1.5 trillion worth of crude, pocketing profits of more than $125 billion.

?This is the mother of all booms,? said Oppenheimer & Co. oil analyst Fadel Gheit. ?They have so much profit, it?s almost an embarrassment of riches. They don?t know what to do with it.

I can think of a few places they can put it.

Well I think shell(one of the large oil companies) is also the largest maker of solar cells. Maybe they will boost the RnD with some of that cash....

 

[imported_yetti]

Originally posted by: conjur
Oil Industry Awash in Record Cash
http://www.msnbc.msn.com/id/8646744

But a smaller portion of profits is going to find new oil discoveries

When major oil companies report their quarterly profits next week, they're once again expected to post record numbers. With crude trading around $60 a barrel, the oil industry is enjoying one of the biggest windfalls in its history. But as the industry looks for places to put that cash, it's finding it harder and harder to put funds to work finding new deposits of oil and natural gas.

By just about any measure, the past three years have produced one of the biggest cash gushers in the oil industry?s history. Since January of 2002, the price of crude has tripled, leaving oil producers awash in profits. During that period, the top 10 major public oil companies have sold some $1.5 trillion worth of crude, pocketing profits of more than $125 billion.

?This is the mother of all booms,? said Oppenheimer & Co. oil analyst Fadel Gheit. ?They have so much profit, it?s almost an embarrassment of riches. They don?t know what to do with it.

I can think of a few places they can put it.

like my bank account.

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

So dave, what should a compnay does with its excess cash? It will either have to be invested or returned to the shareholders.... One of the two will happen.

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

So dave, what should a compnay does with its excess cash? It will either have to be invested or returned to the shareholders.... One of the two will happen.

Bahahahaahaha , you honestly believe money gets returned to shareholders???

You honestly believe they invest it too??? Well yes, they do sort of in a twisted way, into their pockets to buy a bigger Yacht.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

So dave, what should a compnay does with its excess cash? It will either have to be invested or returned to the shareholders.... One of the two will happen.

Bahahahaahaha , you honestly believe money gets returned to shareholders???

You honestly believe they invest it too??? Well yes, they do sort of in a twisted way, into their pockets to buy a bigger Yacht.

People dont invest if they dont get a return. You dont get returns by sitting on profits....

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

So dave, what should a compnay does with its excess cash? It will either have to be invested or returned to the shareholders.... One of the two will happen.

Bahahahaahaha , you honestly believe money gets returned to shareholders???

You honestly believe they invest it too??? Well yes, they do sort of in a twisted way, into their pockets to buy a bigger Yacht.

People dont invest if they dont get a return. You dont get returns by sitting on profits....

Bahahahahaa , you mean rich boys monopoly? That's not a return, that's playing.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: conjur
Oil Industry Awash in Record Cash

Well I think shell(one of the large oil companies) is also the largest maker of solar cells.

Maybe they will boost the RnD with some of that cash....

and you claim I am in off in my own village :roll: :roll: :roll: :roll:

So dave, what should a compnay does with its excess cash? It will either have to be invested or returned to the shareholders.... One of the two will happen.

Bahahahaahaha , you honestly believe money gets returned to shareholders???

You honestly believe they invest it too??? Well yes, they do sort of in a twisted way, into their pockets to buy a bigger Yacht.

People dont invest if they dont get a return. You dont get returns by sitting on profits....

Bahahahahaa , you mean rich boys monopoly? That's not a return, that's playing.

sure dave...

 

[BaliBabyDoc]

6-21-2005 http://news.yahoo.com/news?tmpl=story&u...050621/pl_nm/energy_congress_opec_dc_1

WASHINGTON - The U.S. Senate voted on Tuesday to allow the U.S. government to sue the OPEC oil cartel on antitrust grounds in an outcry against crude oil prices that are fast approaching the $60 a barrel mark.

The measure, added to wide-sweeping energy legislation by a voice vote, would give authority to the Department of Justice or Federal Trade Commission to sue the Organization of Petroleum Exporting Countries.

Gas and oil prices are too high and it's time that we do something about it," said Republican Sen. Mike DeWine

Republican Sen. Pete Domenici, the Senate's top energy bill negotiator, called the measure "nothing short of incredible," but did not act to block it.

"These are sovereign nations," Domenici said. "For us to decide here on the Senate floor that we're going to establish some new forum and litigation against the OPEC cartel is nothing short of incredible."

So does this mean I can sue the US government over the Medicare Modernization Act? By expressly forbidding Medicare from leveraging its purchasing power, the US government acted as an agent for the pharmaceutical companies to keep drug prices higher.

Here's a recommendation for the Senate, why don't they encourage reduced consumption?! As the primary importer of oil, the US could dramatically affect global oil prices by using less. Just a thought . . .

 

[conjur]

Bill Wouldn't Wean U.S. Off Oil Imports, Analysts Say
http://www.washingtonpost.com/wp-dyn/co...rticle/2005/07/25/AR2005072501707.html

Figures. Anything to keep the American oil company execs' pockets fatter with cash, not to mention the Bandar Bush's of the world.

 

[dmcowen674]

7-26-2005 Dow Drops 17 on Higher Oil Prices

BP Group PLC, one of the world's largest oil companies, said quarterly profits rose 29 percent on the strength of world oil prices.

 

[GoPackGo]

Originally posted by: conjur
Bill Wouldn't Wean U.S. Off Oil Imports, Analysts Say
http://www.washingtonpost.com/wp-dyn/co...rticle/2005/07/25/AR2005072501707.html

Figures. Anything to keep the American oil company execs' pockets fatter with cash, not to mention the Bandar Bush's of the world.

You know perhaps its the oil companies that are really behind the terrorism. Look at what oil/gas has done since 9/11. There have been NO shortages. Just bigger profits.

 

[conjur]

Originally posted by: GoPackGo

Originally posted by: conjur
Bill Wouldn't Wean U.S. Off Oil Imports, Analysts Say
http://www.washingtonpost.com/wp-dyn/co...rticle/2005/07/25/AR2005072501707.html

Figures. Anything to keep the American oil company execs' pockets fatter with cash, not to mention the Bandar Bush's of the world.

You know perhaps its the oil companies that are really behind the terrorism. Look at what oil/gas has done since 9/11. There have been NO shortages. Just bigger profits.

Let me grab my tinfoil hat here....unff...ok...there.


Look at the Caspian Sea pipeline and the need to run through Afghanistan.

:Q

 

[0marTheZealot]

Originally posted by: GoPackGo

Originally posted by: conjur
Bill Wouldn't Wean U.S. Off Oil Imports, Analysts Say
http://www.washingtonpost.com/wp-dyn/co...rticle/2005/07/25/AR2005072501707.html

Figures. Anything to keep the American oil company execs' pockets fatter with cash, not to mention the Bandar Bush's of the world.

You know perhaps its the oil companies that are really behind the terrorism. Look at what oil/gas has done since 9/11. There have been NO shortages. Just bigger profits.

like lose out on lucractive bids in Russia, Venezeula, Saudi Arabia and Iran because of nationalization?