Will the Price of Gas ever Drop?

[xrayzebra]

you are stupid.

Big oil is squeezing the supply line at will, to make $$$$$$$$$$$$$$$$$$$$ don't you idiotic people get it.

You remind me of that dumbA-- Congressman who told
the oil companies that needed to invest more into alternative
fuels. (And put themselves out of business, like HEB needs
to invest more in Albertson's)

Oil companies made a return of I think it was 8.6 percent
in the last few years. Not much when you consider how
much they have invested to supply you and I with the
fuel to drive our butts around.

[Wild Cobra]

You remind me of that dumbA-- Congressman who told
the oil companies that needed to invest more into alternative
fuels. (And put themselves out of business, like HEB needs
to invest more in Albertson's)

Oil companies made a return of I think it was 8.6 percent
in the last few years. Not much when you consider how
much they have invested to supply you and I with the
fuel to drive our butts around.

Yep. A whopping 8.6%.

How many people really think the oil companies can reduce their profit and save you a noticable amount at the pump?

[RandomGuy]

You remind me of that dumbA-- Congressman who told
the oil companies that needed to invest more into alternative
fuels. (And put themselves out of business, like HEB needs
to invest more in Albertson's)

Oil companies made a return of I think it was 8.6 percent
in the last few years. Not much when you consider how
much they have invested to supply you and I with the
fuel to drive our butts around.

This is the problem with true "conservative" thinking. It misses the boat when it comes to change.

Oil companies themselves will tell you, if you read their annual shareholder reports, that they are increasingly seeing themselves as energy companies first and oil companies second. They know the clock is ticking on oil, and are setting up some R & D efforts towards all sorts of things that might surprise you.

[boutons_]

"as energy companies first and oil companies second"

As in "BP = Beyond Petroleum", as BP tears up Alberta for oil sands.

It'll be decades before the oilcos are anything but oilcos, if ever.

Don't believe the PR, don't believe the BS at the stockholders meetings.

Surprised at oilco R&D?
Tell us how much they spend of extraction/refining R&D vs non-oil R&D.
And how much of oilco R&D is financed by our $15B research subsidy from head?
Take away that subsidy, and see how much the oilcos spend on non-oil R&D.

The oilcos have financed 40 orgs to fight the global warming crowd.

Refining takes about 22% of the retail price of gasoline. As the crude goes up, does anyone think the refiners will cut their share at the refinery gates?

[101A]

Don't give up hope. Read the following article. Now if
Congress would get off their tail and allow the oil companies to
drill off the coast of our Country we could tell the Middle East to
go suck a lemon. We might just be back into the oil export
business again. And think what it would do for our balance of
payments. Some on this board worry so much about that
balance of payment thing.

Bakken Oil Formation Holds Billions of Barrels in N.D.

Atlanta, GA 4/02/2008 11:00 PM GMT (FINDITT)



The Bakken Formation in North Dakota could boost America’s oil reserves by an incredible 10 times, according to a report Wednesday.

The Bakken Oil Formation, which covers North Dakota and portions of Montana and South Dakota, is believed to have 175 to 500 billion barrels of recoverable oil. The 200,000 square mile reserve that was initially discovered in 1951.

In 2007, EOG Resources of Texas drilled a single well in Parshal N.D. that is expected to have yielded 700,000 barrels of oil. Marathon Oil is investing $1.5 billion and drilling 300 new wells.

In the next 30 days, the U.S. Geological Survey (USGS) will release a new report giving an accurate assessment of the Bakken Oil Formation.

The United States imported about 14 million barrels of oil per day in 2007, which meant U.S. consumers have spent $340 billion dollars in exported oil.

As of Wednesday, the crude oil price is at $104.83 per barrel.

For more Scientific News, please go to http://www.transworldnews.com/NewsLi...?cat=12&wcat=4The Story

It doesn't matter where it comes from; the price of oil is the price of oil. US producers won't sell it here for less; they'll take top dollar, just like OPEC; Not that freeing ourselves somewhat from trauma in the ME wouldn't be a good thing....a panacea of cheap oil, it wouldn't be, however.

A cheaper, or compe ive, viable alternative is what will drive the price of oil down.

[RandomGuy]

"as energy companies first and oil companies second"

As in "BP = Beyond Petroleum", as BP tears up Alberta for oil sands.

It'll be decades before the oilcos are anything but oilcos, if ever.

Don't believe the PR, don't believe the BS at the stockholders meetings.

Surprised at oilco R&D?
Tell us how much they spend of extraction/refining R&D vs non-oil R&D.
And how much of oilco R&D is financed by our $15B research subsidy from head?
Take away that subsidy, and see how much the oilcos spend on non-oil R&D.

The oilcos have financed 40 orgs to fight the global warming crowd.

Refining takes about 22% of the retail price of gasoline. As the crude goes up, does anyone think the refiners will cut their share at the refinery gates?

Meh.

The concept of getting energy from "oil sands" is uneconomical no matter what the price of oil is for a variety of reasons. If BP chooses to waste resoucres on it, that is their concern.

[boutons_]

driving demand for oil in the US down is in the best interest of the US, but it's totally destructive of the oilco interests.

Whose interests do you think are gonna (to continue to) be satisfied?

[boutons_]

The Alberta oil sands are currently, actively, aggressively being developed. BP is still British Petroleum

[BacktoBasics]

I live in Corpus. Park the boat at my Father in laws and that'd save a ton in gas by not having to tow it from SA. I'll keep it clean and maintained and locked behind a gate accessible to you 24-7. All I'd want in return is the ability to take it out a few times a month. I'll even carry insurance on it so you won't have to worry about me damaging it. I bet towing cuts your mpg in half. you can even use my truck to drop in the bay when you come down, my truck is a third vehicle anyhow. That way you can drive an economical car down to Corpus.

[xrayzebra]

driving demand for oil in the US down is in the best interest of the US, but it's totally destructive of the oilco interests.

Whose interests do you think are gonna (to continue to) be satisfied?

boutons, oil is what made this nation and will continue to
sustain it for your and my lifetime. It is the energy of the
past, present and future.

[RandomGuy]

The Alberta oil sands are currently, actively, aggressively being developed. BP is still British Petroleum

energy return on energy invested[EROEI]

Here follow some approximate EROEIs [5] for different energy sources:

Middle East oil 30+ remember fossil fuel quality varies
Tar sands 1.5
Hydro power 45
Coal 25 according to accessibility suspect figure
Nuclear 5 – 20 according to assumptions suspect figure
Wind 4 – 10
Solar 5
Corn methanol negative therefore, subsidised by the crazy US government!


5. EROEIs vary greatly according to assumptions. For instance, oil sands would probably come out much worse if site preparation and restoration (if even possible) and externalised pollution by end users were factored in. Similar remarks probably relate to other figures but this gives an idea.


Sorry dude, the only reason anybody is sinking money into tar sands is because of good salesmanship on the part of people who have an economic interest in it.

Eventually, BP, like any other source of capital will realize there is no money to be made.

The energy return on wind and solar will come down with time and new technology, so the EROEI will go up.

You can essentially equate EROEI with a monetary return on an investment.

Boutons, you always say that corporations will go where they can make money, and I agree.

Tar sands will not make anybody any money for the reasons above. As much as you might dislike the capitalist system, it still functions this way, for good or ill.

[Soul_Patch]

I live in Corpus. Park the boat at my Father in laws and that'd save a ton in gas by not having to tow it from SA. I'll keep it clean and maintained and locked behind a gate accessible to you 24-7. All I'd want in return is the ability to take it out a few times a month. I'll even carry insurance on it so you won't have to worry about me damaging it. I bet towing cuts your mpg in half. you can even use my truck to drop in the bay when you come down, my truck is a third vehicle anyhow. That way you can drive an economical car down to Corpus.

I actually have a place to keep it in Rockport, i rarely bring it back into SA but i wouldnt be opposed to splitting some gas cost with you every now and again if you want to make a run at some reds and/or trout on the weekends. Im getting awful familiar with Aransas / Mesquite and St Charles Bay's.

That 200hp 2 stroke Yamaha can eat a lot of dollar bills....

[RandomGuy]

I live in Corpus. Park the boat at my Father in laws and that'd save a ton in gas by not having to tow it from SA. I'll keep it clean and maintained and locked behind a gate accessible to you 24-7. All I'd want in return is the ability to take it out a few times a month. I'll even carry insurance on it so you won't have to worry about me damaging it. I bet towing cuts your mpg in half. you can even use my truck to drop in the bay when you come down, my truck is a third vehicle anyhow. That way you can drive an economical car down to Corpus.

This makes a huge amount of sense.

Oddly enough this kind of sharing scheme is already done in some parts of Europe and some American cities with cars.

[BacktoBasics]

I actually have a place to keep it in Rockport, i rarely bring it back into SA but i wouldnt be opposed to splitting some gas cost with you every now and again if you want to make a run at some reds and/or trout on the weekends. Im getting awful familiar with Aransas / Mesquite and St Charles Bay's.

That 200hp 2 stroke Yamaha can eat a lot of dollar bills....

Hit me up with any ideas and I'm open to whatever you're down for.

[boutons_]

Note the country names at the top, then scroll down to the bottom:

http://www.eia.doe.gov/emeu/international/gas1.html

and another, graphically, out of date but shows taxes:

http://www.urban.org/publications/1000845.html

so, quit your in. The higher the gas price, due either to oil or taxes, the more alternatives look attractive.

US should raise federal taxes on fuel to discourage waste and keep those $Bs here in the USA instead of finanching Putin, Chavez, Iran, and theme parks, artificial islands, snow skiing, and 10-star hotels in the Gulf.

[xrayzebra]

Okay, watch the video. You can take it at what it worth.
I don't know if the guy really has something or running
a con job. But if he is on to something, he is going to
fabulously wealthy and those with water rights are going to
get richer.



Water for Fuel

[xrayzebra]

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[xrayzebra]

--bump------

...

[xrayzebra]

Congress in Action:

[whottt]

Sure...when the Democrats stop putting ty out of Iraq candidates up...then we can get big Oil out of the whitehouse...

However until that time happens...it's going to continue.


You can always buy a car that gets better gas mileage...or a bicycle....and stop waiting/relying on the government to fix things...that's stupid.

[boutons_]

a " ty out-of-Iraq" Dem is going to win, while ty militaristic, same-old dubya/neo- -oil McCain is going to lose.

[shelshor]

....and stop waiting/relying on the government to fix things...that's stupid.

Government..Fix Things???

My grandfather always said something to the effect of: "If you think you have a problem now, just wait until the government fixes it for you"

I have yet to see anything to contradict that view

[xrayzebra]

Government..Fix Things???

My grandfather always said something to the effect of: "If you think you have a problem now, just wait until the government fixes it for you"

I have yet to see anything to contradict that view

Boy was your Grandfather ever right.

[boutons_]

As we barely BEGIN a deep crisis created exclusively by unregulated capitalists (as they have done many times in the past as they enrich themselves and over everybody else.), does anybody believe the capitalists and a "free market" are going to solve anything now, especially in the completely leaderless USA? That the guility one will now solve the problems they created?

Bailing out Beear Stearns was a mistake. A free market would have let BS disappear. BS was bankrupt. Declare bankruptcy and disappear forever, greedy bas s.

Everybody private/commercial "freely" refused to lend BS anything to cover their liquidity/bank-run crisis.

Some simple regulation of private banks, and some simple regulations on home lending, eg show 2 years bank statements, 2 years cc statements, 2 years IRS records, rather than "stated income" would have completely prevented the disaster of the dubya's "stakeholder/owernship society" of people who could not really afford, as we see know, to be owners.

[whottt]

a " ty out-of-Iraq" Dem is going to win, while ty militaristic, same-old dubya/neo- -oil McCain is going to lose.

Sure...just like in 04.