This topic is getting close to a lock.
Please keep it non-personal and non-political.
Please keep it non-personal and non-political.
OffShore Drilling = Oil Independence in 6 yrs?
- Thread starter tripleM
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Not likely we'll ever be off of foreign oil. Well, maybe we can replace oil as a motor fuel, but that's replacing one import with another. We'll see how this plays out.
Originally Posted By: Shannow
Your attitude is "Pi$$ on them"
and they may hate you for that.
So you hate them in return !!!
Why not they would do the same to both of us,
Your attitude is "Pi$$ on them"
and they may hate you for that.
So you hate them in return !!!
Why not they would do the same to both of us,
Originally Posted By: Gary Allan
Why, Shannow, how uncharacteristically punitive of you. I'm the one who's supposed to shoot from the hip in a really rude way. You're supposed to come in with the OZ round about humor on cue.
Tired of waiting for me to jump in
Steve. We have two choices. Take a shovel to the 2/3 of the world ..or live with them. Now I'm not opposed to the shovel method, but seeing as it's very expensive ..and given past performances of those dispensing shovels, we get to do the work ..pay for it ..and don't get equal share of the bounty. In fact, others appear to benefit more for our efforts.
So, sit back ..be friendly ..and hope for that plague to come along ..and hope that you're either immune or close enough to vaccine distribution with the money to pay for it.
Now that makes sence to me I hope I can get the vaccine.
Why, Shannow, how uncharacteristically punitive of you. I'm the one who's supposed to shoot from the hip in a really rude way. You're supposed to come in with the OZ round about humor on cue.
Tired of waiting for me to jump in
Steve. We have two choices. Take a shovel to the 2/3 of the world ..or live with them. Now I'm not opposed to the shovel method, but seeing as it's very expensive ..and given past performances of those dispensing shovels, we get to do the work ..pay for it ..and don't get equal share of the bounty. In fact, others appear to benefit more for our efforts.
So, sit back ..be friendly ..and hope for that plague to come along ..and hope that you're either immune or close enough to vaccine distribution with the money to pay for it.
Now that makes sence to me I hope I can get the vaccine.
Originally Posted By: Steve S
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
[/quote]
And as a change, we just might "Greet them as liberators and throw them flowers"
[/quote]
And as a change, we just might "Greet them as liberators and throw them flowers"
Thread is loaded with politics
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Run the line ...take a dash across and back ..but wholesale raiding is ..just rude. It's the advantage of a conservative upbringing. You always have a beacon to guide you to safe harbor when you stray.
I'm confused about oil supply and the market. Say we produce more oil domestically. Wouldn’t OPEC adjust their output, as in reduce their output? Then end result would be oil prices would stay about the same?
Simply, we produce more, OPEC produces less, and prices stay the same?
Simply, we produce more, OPEC produces less, and prices stay the same?
Depends on how the market and regulation pans out. If US crude production was regulated to remain in the US and it's current % to outside nations, our price would decline. That of coarse would take strict regulation (nationalization). If the market remained open (unregulated), the increase in supply would temporarily drive prices or the speculation market down. OPEC would then lower their supply to then drive prices back up which would not completely benefit them because a large portion of that money would remain in the United States because we are buying our own crude at their regulated price. OPEC plays the game, but we win in the short term. If the prices continue to rise, but the US increases the supply, we (the largest consumer of petroleum) will still strive to create ways to function without the need of oil. In the end there could be a large supply of a commodity that is not greatly needed. OPEC realizes that too aggressive of an approach to the US increasing supply could prove those fat cats serious harm.
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Originally Posted By: drivewaytech
If US crude production was regulated to remain in the US and it's current % to outside nations, our price would decline.
Wrong Wrong Wrong!
If US crude production was regulated to remain in the US and it's current % to outside nations, our price would decline.
Wrong Wrong Wrong!
Duffman77 is on it.
If our prices are kept artificially low, then producers here will simply refuse to produce the oil.
I said what AHC is saying here a few days ago. Even if we could get more domestic production on-line, OPEC can simply lower their production targets to meet a target price.
So unless we can put enough oil on the market to be not only a net exporter of oil, but export more than everyone else combined, we can't drastically change the price.
Finally, artificial price controls will simply create shortages. We saw that in the 1970s when this was tried. There were gas shortages due to artificially keeping the price low. People kept buying gas in the same way even though we were embargoed by OPEC, IIRC.
If you read this, it will show what happened in 1973.
http://en.wikipedia.org/wiki/1973_oil_crisis
It seems many want to repeat the same mistakes we had then.
Many of the same types of factors are in play again. Today, we can add the speculators to the mix.
If our prices are kept artificially low, then producers here will simply refuse to produce the oil.
I said what AHC is saying here a few days ago. Even if we could get more domestic production on-line, OPEC can simply lower their production targets to meet a target price.
So unless we can put enough oil on the market to be not only a net exporter of oil, but export more than everyone else combined, we can't drastically change the price.
Finally, artificial price controls will simply create shortages. We saw that in the 1970s when this was tried. There were gas shortages due to artificially keeping the price low. People kept buying gas in the same way even though we were embargoed by OPEC, IIRC.
If you read this, it will show what happened in 1973.
http://en.wikipedia.org/wiki/1973_oil_crisis
It seems many want to repeat the same mistakes we had then.
Many of the same types of factors are in play again. Today, we can add the speculators to the mix.
Odd though, Iran the real "BIG OIL" fires off rockets because turmoil is lurking in the middle east region, so what happens? They are threatening to block ports by sinking ships, so what happens? Did the price per barrel shoot up to 160 - 170 a barrel? No, it dropped 8 dollars or more a barrel. I do not know for a fact, but I believe this was due in fact to the rumor of possibly passing legislation that will open up restrictions for our off-shore drilling in the United States. If OPEC is the final say all on prices, why are some oil producing countries still well under a dollar a gallon. I am not saying artificially lower the cost of oil, allow the workings of supply and demand to stabilize and possibly lower the cost of fuel. Will the US refineries "drive past the gas station two blocks away to pay 25 cents more per gallon at the station on the other side of town"? Besides you know us evil, materialistic, self indulging, greedy American's; we think of our oil the same as our women after our nightly beatings when she says she's going to leave. If I can't have her then nobody will. That's a joke of course. No... really it is.
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Global demand is infinite depending on price. You can produce as much as you want and someone will be there to buy it. The cheaper it is ..the more, currently restricted (due to inability to pay for it ..or as much of it) buyers, can afford it. Aside from speculation, our falling $$ keep global access in check.
Originally Posted By: AHC
I'm confused about oil supply and the market. Say we produce more oil domestically. Wouldn’t OPEC adjust their output, as in reduce their output? Then end result would be oil prices would stay about the same?
Simply, we produce more, OPEC produces less, and prices stay the same?
Oz produces about 3/4 of the oil that we use.
It's kept at "parity" with the Singapore index, so regardless of what it costs to dig up, it's price is the same as the imported stuff.
The reason that was used when parity pricing was introduced was that if it sold for more in Singapore than it did in Oz, the people digging it up would simply ship it to the market that paid them the best.
So yes, you may be able to dig it up cheaper in your home countries...but the companies doing the digging are neither state controlled, nor charities...they will sell to the highest bidder (which just may be you).
Interesting case in Queensland at present, with British Gas trying for a stockmarket take-over of a gas "producer". Should they be successful, that gas field will be separated from Oz domestic supply, and shipped directly to the UK.
I'm confused about oil supply and the market. Say we produce more oil domestically. Wouldn’t OPEC adjust their output, as in reduce their output? Then end result would be oil prices would stay about the same?
Simply, we produce more, OPEC produces less, and prices stay the same?
Oz produces about 3/4 of the oil that we use.
It's kept at "parity" with the Singapore index, so regardless of what it costs to dig up, it's price is the same as the imported stuff.
The reason that was used when parity pricing was introduced was that if it sold for more in Singapore than it did in Oz, the people digging it up would simply ship it to the market that paid them the best.
So yes, you may be able to dig it up cheaper in your home countries...but the companies doing the digging are neither state controlled, nor charities...they will sell to the highest bidder (which just may be you).
Interesting case in Queensland at present, with British Gas trying for a stockmarket take-over of a gas "producer". Should they be successful, that gas field will be separated from Oz domestic supply, and shipped directly to the UK.
Originally Posted By: PandaBear
Originally Posted By: Steve S
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
Social Security is a government run pyramid scheme so there wouldn't be a whole lot of $$$ to rebuild anything! They would have to do a first strike to make any headway. Soviet union maybe, China could be Europe???? doubt it.There would be a whole lot of vietnam to current vets upset about the whole thing and would pick up arms and do their duty.
Originally Posted By: Steve S
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
Social Security is a government run pyramid scheme so there wouldn't be a whole lot of $$$ to rebuild anything! They would have to do a first strike to make any headway. Soviet union maybe, China could be Europe???? doubt it.There would be a whole lot of vietnam to current vets upset about the whole thing and would pick up arms and do their duty.
Originally Posted By: PandaBear
Originally Posted By: Steve S
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
that won't work, we would nuke them first.
Originally Posted By: Steve S
Take the oil from Iraq till the trillions $$$ cost of the Iraqi freedom is repaid to the U.S.tax payers and the care to the soldiers who have been injured/killed fighting to give the wonderful Iraqi people their freedom and a democratic government they did not have to fight for.
How do you think if Europe/China/Russia invade US to take out Bush and 30% of the infrastructure, and use the social security to reconstruct our country and pay for the invaders' war expense?
that won't work, we would nuke them first.
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