ridindirty800
Active member
X2 Couldn't agree more!!
Open Up Oil Reserves!
- Thread starter whitedust
- Start date
X2 Couldn't agree more!!
anonomoose
New member
There is NOT a supply demand thing going...it is controlled. Gasoline comes from crude, but is regulated and priced differently.
Yes we have lots of crude, but NO we can't get it cheaply, and it isn't because of a pipeline missing...it requires much more effort to extract it than when it blows out of the ground like what happened in the gulf, or in the sands of the middle east.
Even if we did drill more it would NOT reduce anything because oil is now priced on a world market order. --OUR-- oil or crude could very well get shipped to south America. It goes wherever there is an order trade execution. Of course the trades can get traded over and over again, and as we all know many can't even TAKE delivery of oil so they jack the price up and the oil companies all sit back and watch it happen saying they are "defenseless" and it isn't their fault that the price is spiking. Course they could just say they won't buy it or take delivery of oil over say $75 a barrel and guess what....the price would settle at $74.99.
Oh, and once the oil is delivered, they adjust the flow of refining to match the price of gasoline. Price goes up they refine more....price goes down....time for maintance....resulting in a refinery that is not producing as much as possible.
We need off the dependence of oil. For about $150 you can convert your car/truck to run on clean natural gas...which is 90% cleaner right out of the ground. It is very comparable to gasoline. Folks out in Utah know this and have been putting stations in so that they can run on cng....but that state is the exception. Why...because WHO controls the gasoline stations and pumps?
Meanwhile the price is going to spike, and guess what that will do to the domestic automobile biz....??? Trucks will tank again....who wants to dump $200 into a tank??
Remove the dependence on oil, and the price will stabilize far more than anything else the gov can do. Dump some of that stimulas money into CNG stations and pumps and let the auto companies give you that big switch to change over to CNG, and watch the price of gazzoline fall like a rock.
In the past, the reserve has been tapped with varying degrees of success....just the idea of the reserve being tapped can bring the price bubble down....at least temporarily. Once it does come down the reserve can be built back up over time....we don't need as much reserve as we used to anyways.....no big wars going on...at least not yet.
I am more worried about the economy tanking again than price of gasoline. No job...no gas at any price.
Yes we have lots of crude, but NO we can't get it cheaply, and it isn't because of a pipeline missing...it requires much more effort to extract it than when it blows out of the ground like what happened in the gulf, or in the sands of the middle east.
Even if we did drill more it would NOT reduce anything because oil is now priced on a world market order. --OUR-- oil or crude could very well get shipped to south America. It goes wherever there is an order trade execution. Of course the trades can get traded over and over again, and as we all know many can't even TAKE delivery of oil so they jack the price up and the oil companies all sit back and watch it happen saying they are "defenseless" and it isn't their fault that the price is spiking. Course they could just say they won't buy it or take delivery of oil over say $75 a barrel and guess what....the price would settle at $74.99.
Oh, and once the oil is delivered, they adjust the flow of refining to match the price of gasoline. Price goes up they refine more....price goes down....time for maintance....resulting in a refinery that is not producing as much as possible.
We need off the dependence of oil. For about $150 you can convert your car/truck to run on clean natural gas...which is 90% cleaner right out of the ground. It is very comparable to gasoline. Folks out in Utah know this and have been putting stations in so that they can run on cng....but that state is the exception. Why...because WHO controls the gasoline stations and pumps?
Meanwhile the price is going to spike, and guess what that will do to the domestic automobile biz....??? Trucks will tank again....who wants to dump $200 into a tank??
Remove the dependence on oil, and the price will stabilize far more than anything else the gov can do. Dump some of that stimulas money into CNG stations and pumps and let the auto companies give you that big switch to change over to CNG, and watch the price of gazzoline fall like a rock.
In the past, the reserve has been tapped with varying degrees of success....just the idea of the reserve being tapped can bring the price bubble down....at least temporarily. Once it does come down the reserve can be built back up over time....we don't need as much reserve as we used to anyways.....no big wars going on...at least not yet.
I am more worried about the economy tanking again than price of gasoline. No job...no gas at any price.
cat_man_mike
New member
I know I am going to take a beating for this.....
How about more fuel efficent vehicles so the demand is not so high???? With direct injection you get all the horsepower and half the fuel spent. (ok, maybe not half, but you get the idea) Maybe more, dare I say it, ethanol? Run on corn grown in the USA! You may not like it, but that 10% ethanol is 10% that is not comming from people who want to kill us. If 30% is good enough for NASCAR, why cant 10% be good enough for you? And where is this hydrogen car technology? Seems like it just died somewhere around the year 2000.
How about more fuel efficent vehicles so the demand is not so high???? With direct injection you get all the horsepower and half the fuel spent. (ok, maybe not half, but you get the idea) Maybe more, dare I say it, ethanol? Run on corn grown in the USA! You may not like it, but that 10% ethanol is 10% that is not comming from people who want to kill us. If 30% is good enough for NASCAR, why cant 10% be good enough for you? And where is this hydrogen car technology? Seems like it just died somewhere around the year 2000.
I despise the use of food to make gas, let alone all the water it takes to make ethanol.
snobuilder
Well-known member
X3....
on the Baken,...I understand that as it is there isn't enough housing for the journeyman oil field workers at this time....not sayin we shouldn't step up tapping it,...just a reality as of right now.
on the Baken,...I understand that as it is there isn't enough housing for the journeyman oil field workers at this time....not sayin we shouldn't step up tapping it,...just a reality as of right now.
And with out subsidy's it would be so expensive no one would buy it.
snow_monkey
New member
The movie the road warrior may depict our future!!!
L
lenny
Guest
I knew somebdy would blame the GOP.
misty_pines
Member
I think we need to supply ALL of our own oil if our government allowed us to get at it. Might not solve everything, but it would improve the market a lot to lessen our dependence on the Middle East. It would create jobs too. I agree that we need to continue to work on alternative energy, but the fact is that much of it is way too expensive right now and although much of the technology is there, it just plain costs too much even with government subsidies (which is only a bandaid). As we head in the direction of alternative sources of energy, we will continue to need lots of oil for quite awhile until we get there. It will be a gradual process. We probably will never get to the point where we don't need any oil (not for a LONG time at least). In the meantime our companies continue to improve the efficiency of our oil using machines, jets, cars, sleds, ships, etc.
Well there ya go, oil will stimulate carpenters, plumbers, electricians, concrete, landscapers....... then they will need stores close by to buy stuff, trucking, accounting, network guys you name it. The oil boom of 2012 has a nice ring to it!
indy_500
Well-known member
then we can buy reliable 2-stroke snowmobiles again! yay!!!
Whats next, whats next, i'll tell you whats next:
Drill, Drill, Drill.
I have heard it on TV talk shows that we could be 100% out of debt if they opened up new fields in Alaska,,,,,,,,,,,,,,,,,And to those who say it is not safe drilling in those areas, we need to shut down ALL inland & ocean wells and get used to $10/gal gas.
No way for corn base ethenol (raise most food prices, so you get hit twice), plenty of switchgrass to make ethenol.
I dread what is going to happen at about $3.75 - $4.00 per gallon! We always had some home foreclosures going on, BUT it was not until the gas hit $4.00 per gallon that the XXXX hit the fan.
They should have started "drill, baby drill" 2 years ago.
Drill, Drill, Drill.
I have heard it on TV talk shows that we could be 100% out of debt if they opened up new fields in Alaska,,,,,,,,,,,,,,,,,And to those who say it is not safe drilling in those areas, we need to shut down ALL inland & ocean wells and get used to $10/gal gas.
No way for corn base ethenol (raise most food prices, so you get hit twice), plenty of switchgrass to make ethenol.
I dread what is going to happen at about $3.75 - $4.00 per gallon! We always had some home foreclosures going on, BUT it was not until the gas hit $4.00 per gallon that the XXXX hit the fan.
They should have started "drill, baby drill" 2 years ago.
onlypolar4me
Member
Reguarding my defund the EPA post, I should elaborate. I also farm and some of the proposed regulations by the EPA are absolutely idiotic, dust particulates,like from crushed rock roads and soil ,talk about government intrusion.
anonomoose
New member
Actually, less than 40% of the corn produced in the USA is used for ethanol production, and the leavings, are exported and sold abroad.
While we will protect our AMERICAN ethanol business with a .45 cent a gallon subsidy with a tariff of .54 cents for any ethanol imported, this only amounts to $7 billion per year.
Now compare that number to the $8 billion the oil companies receive...each year is subsidies....yeah, ah, huh....they are still gettin em, from back in the days when oil was around $28 a barrel. They need that subsidy like they need corn cob pipes.
Ethanol is PURE American....though we tripled our export of the stuff last year.
We continue to produce more than enough corn for both food and fuel, except that the fuel is cleaner and is ALL AMERICAN made stuff. It is estimated that we can double corn production over the next five years.
As for the need to use water, there is no shortage of that yet.
Iowa far out produces most other states along with Nebraska and the Dakotas and Illinoisy gets into the act too, and it is a multi billion dollar industry for all those states to fall back on in taxable income.
There are about 200 ethanol plants mostly throughout the Midwest.
Many of the ethanol producers believe that they can now make it without the subsidies, as long as the oil companies have their subsidies remove along with those of the ethanol industry.
Last year the oil companies MADE after all depletion allowances and overhead, 77 billion ...that's BILLLLLLION dollars in profits.
Now where would you rather your money to be spent....in some foreign bank account whose Owner wants all Americans DEAD, or to some farmer coop somewhere....who buys other American products>>?????
Meanwhile the refining process continues to improve by finding other uses for the byproducts, genetic engineering of the seed to produce more ethanol without need of increasing the production of corn, and dry refining, along with non-corn based bio-fuel production. BTW these are all jobs in the USA.
WE just need to build an engine that utilizes the potential of this fuel and that is in process as we type.
I don't know about anyone else, but I would rather give my money to an American farmer than some other conglomerate that doesn't speak English.
Why isn't switchgrass a better choice to use than corn?
It appears that as (corn) ethanol demand goes up, farms are planting more corn for ethanol (they get more money for corn for ethanol than they do for corn for feed), which means a shortage of other crops, which means the price of those other crops goes up. Also anything that uses corn for "feed" also goes up in price.
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xsledder
Active member
Whhaatt? Fresh water, YES there's a shortage...and salt water, the cost to desalinate it?
snowfreak56
Member
X2why are some to ignorant to see this.Here is our own stimulus.WAKE UP PEOPLE.We have the crud in US soil and enough of it contrary to what some believe and we already have wells setting idle.
snowfreak56
Member
Bottom line our goverment is not working for us,the rich will get richer the poor will get poorer and the working man is screwed.We will pay for it all,if we can just find a job.