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

[Engineer]

Speculation that the gulf (of Mexico) would need to shut down the current rigs. Of course, we would then need to "loan" a few million barrels from the SOR (as we did last year) to the oil companies so that they would not be damaged.

P.S. I wonder if those couple of million barrels were "paid" back yet? hmmmm

 

[charrison]

Originally posted by: Engineer
Speculation that the gulf (of Mexico) would need to shut down the current rigs. Of course, we would then need to "loan" a few million barrels from the SOR (as we did last year) to the oil companies so that they would not be damaged.

P.S. I wonder if those couple of million barrels were "paid" back yet? hmmmm

Hurricane Ivan struck the Gulf of Mexico in mid-September 2004 and disrupted both Outer Continental Shelf production and import vessels delivering cargoes to Gulf terminals. Most of the production shut in was in the fields east of Louisiana and was sweet oil used in refining gasoline and distillate products. The Department of Energy received several emergency requests from refiners for assistance in securing supplies of crude oil adequate to avoid cutting back on refining operations. To relieve their shortages, the SPR loaned a total of 5.4 million barrels of sweet crude oil to five companies (Placid Refining, Shell Trading, Conoco Phillips, Astra Oil, and Premcor). The crude oil was delivered to the refiners during September and early October 2004. By April 2005, the loaned oil had been repaid to the SPR, plus 233,924 premium barrels paid to the Government in return for the time-exchange.

It has been repaid+ plus interest

linkage

 

[Engineer]

Originally posted by: charrison

Originally posted by: Engineer
Speculation that the gulf (of Mexico) would need to shut down the current rigs. Of course, we would then need to "loan" a few million barrels from the SOR (as we did last year) to the oil companies so that they would not be damaged.

P.S. I wonder if those couple of million barrels were "paid" back yet? hmmmm

Hurricane Ivan struck the Gulf of Mexico in mid-September 2004 and disrupted both Outer Continental Shelf production and import vessels delivering cargoes to Gulf terminals. Most of the production shut in was in the fields east of Louisiana and was sweet oil used in refining gasoline and distillate products. The Department of Energy received several emergency requests from refiners for assistance in securing supplies of crude oil adequate to avoid cutting back on refining operations. To relieve their shortages, the SPR loaned a total of 5.4 million barrels of sweet crude oil to five companies (Placid Refining, Shell Trading, Conoco Phillips, Astra Oil, and Premcor). The crude oil was delivered to the refiners during September and early October 2004. By April 2005, the loaned oil had been repaid to the SPR, plus 233,924 premium barrels paid to the Government in return for the time-exchange.

It has been repaid+ plus interest

linkage

Thanks. I did a yahoo search but didn't type in the correct verbage (apparantely). :beer:

 

[KMurphy]

Anyone read this Cornell University article regarding ethanol production consumes more energy than it produces when combusted?

http://www.news.cornell.edu/releases/Aug01/corn-basedethanol.hrs.html

 

[0marTheZealot]

Originally posted by: KMurphy
Anyone read this Cornell University article regarding ethanol production consumes more energy than it produces when combusted?

http://www.news.cornell.edu/releases/Aug01/corn-basedethanol.hrs.html

The verdict is still out on that....

 

[alent1234]

Originally posted by: conjur
Not sure why oil futures would increase because of a tropical storm in the Gulf. It's not like that affects the flow of oil from the Middle East. But, expect Dennis to affect prices even more.

30% of US oil comes from the Gulf of Mexico and 50% of US oil is delivered through the Gulf of Mexico.

 

[conjur]

A bit of recent history:

OIL PRICE HIKE
February 17, 2000
http://www.pbs.org/newshour/bb/economy/jan-june00/oil_2-17.html

GWEN IFILL: Americans have come to count on cheap oil. No longer. Energy prices are soaring. A gallon of gasoline, which cost an average of 92 cents a gallon a year ago, now goes for $1.35 a gallon and higher, up more than 30 percent.

CONSUMER: Well, there's not too much you can do about it. You have to have the gas, so you have to pay the price.

Heating Oil TankGWEN IFILL: The cost of heating oil in the Northeast has doubled as well, driven in part by the cost of crude oil. The barrel of oil that cost just $11 only a year ago now costs about $30. The last time oil was this expensive was during the Persian Gulf crisis in 1991. The impact has been felt at gas pumps, in homes heated by oil and at airline ticket counters, where $20 fuel surcharges have been added to ticket prices.


[...]


Can the inflated prices stand?

GWEN IFILL: And Daniel Yergin, that translates into $30 a barrel for crude oil, roughly, which is a nine-year high. Is that price sustainable? Can that stand?

DANIEL YERGIN: I don't think so. I think that the producers themselves are surprised by their own success, in terms of stabilizing or bringing the market back to this level. And you can see the pressure mounting over the last week or two. The words have gotten louder from Washington, from Boston, from other cities, from other countries. And I think the OPEC countries and non-OPEC are going to be looking to how to ease oil back into the market, because they can see the impact economic problems in the United States would have on them. Take the case of Mexico. Mexico's economy is very tightly integrated in the United States, and Mexico has no interest in seeing U.S. economic growth slow down, or inflation raise its head again.

Well, they've certainly tested the markets and they're holding at double those rates now.

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

 

[catnap1972]

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

 

[dmcowen674]

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

 

[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.

 

[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

 

[Whoozyerdaddy]

$100 oil = HUGE PFD checks for the next few years. (Alaska Permement Fund dividend)

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

NO but we have been over these stats before. The number of people that still use heating has been rapidly dwindeling over the past decade or so...

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

NO but we have been over these stats before.

The number of people that still use heating has been rapidly dwindeling over the past decade or so...

So that makes it OK to rape the people still on Oil burners???

Gas is no picnic either. My last house in Georgia, they were pushing Gas as the energy source to get when bam, prices went through the roof.

Typical apologist rhetoric and BS :roll:

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

NO but we have been over these stats before.

The number of people that still use heating has been rapidly dwindeling over the past decade or so...

So that makes it OK to rape the people still on Oil burners???

Gas is no picnic either. My last house in Georgia, they were pushing Gas as the energy source to get when bam, prices went through the roof.

Typical apologist rhetoric and BS :roll:

Typical dave, moving the goal posts. High oil prices will encourage others to switch to more effecient means of heating/cheaper fuel/better insulation.

But i guess you want to the goverment to fix prices on such resources and price fixing has enver worked.

 

[dmcowen674]

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: charrison

Originally posted by: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

NO but we have been over these stats before.

The number of people that still use heating has been rapidly dwindeling over the past decade or so...

So that makes it OK to rape the people still on Oil burners???

Gas is no picnic either. My last house in Georgia, they were pushing Gas as the energy source to get when bam, prices went through the roof.

Typical apologist rhetoric and BS :roll:

Typical dave, moving the goal posts.

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.

 

[Engineer]

Text

:roll:

 

[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: dmcowen674

Originally posted by: catnap1972

Originally posted by: conjur

But, this is really hitting the lower-income families as they pay a higher % of their net income for gas/heating oil.

Well they just need to get four or five more jobs and STFU! The needs of the rich (mansions, yachts, limousines, etc.) are FAR more important the poor's necessities.

Will be quite something to see the U.S. have thousands of deaths in winter like France had of summer heat.

Headlines will be they didn't work enough jobs so they all deserved to freeze to death.

only problem is very few actually use heating oil at this point and fewer use it every year, but we have been down this road before as well...

Have you ever been to the Northeast???

NO but we have been over these stats before.

The number of people that still use heating has been rapidly dwindeling over the past decade or so...

So that makes it OK to rape the people still on Oil burners???

Gas is no picnic either. My last house in Georgia, they were pushing Gas as the energy source to get when bam, prices went through the roof.

Typical apologist rhetoric and BS :roll:

Typical dave, moving the goal posts.

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....

 

[nergee]

For some reason, where I get my regular unleaded, the price went down .02/gal today........

 

[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....

[/quote]

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.

 

[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.
[/quote]

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..

 

[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..
[/quote]

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

 

[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.[/quote]


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?