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Thread: inmates running the assylum

  1. #21
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    http://money.cnn.com/2011/12/05/news...port/index.htm


    this would suggest the blame for high fuel prices should be placed elsewhere. the oil companies are making a boatload of money exporting it, though, so don't hold your breath.

    the proposed pipeline will get built and they'll profit even more.

    the oil companies have the whole world by the balls.......-Paul
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  2. #22
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    I keep remembering the two oil spills on our little farm and the ground it ruined. Oil or grease is very harmful to eggs ( fowl eggs at least ). My family likes to hunt and I see that future harmed for other people if this pipeline is not built correctly. We no longer own any land except this small home sight but I hate to think of the harm this could possibly do if it is not done right. I sure do not trust oil companies wether large or small and the government is even worse sometimes ! And on a very serious note..........you sure as blue blazes can't raise a crop on the land where the spill happens to be.
    charly

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  3. #23
    Senior Member Gerry Clinchy's Avatar
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    Quote Originally Posted by paul young View Post
    http://money.cnn.com/2011/12/05/news...port/index.htm


    this would suggest the blame for high fuel prices should be placed elsewhere. the oil companies are making a boatload of money exporting it, though, so don't hold your breath.

    the proposed pipeline will get built and they'll profit even more.

    the oil companies have the whole world by the balls.......-Paul
    Wasn't it OPEC that decided to "control" crude production to keep the price of crude higher to benefit themselves? Then the futures speculators impact the pricing as well.

    So, the oil companies are making a boatload of money as a result.

    Have to agree with Franco ... if the US announced increase in production; and the Keystone pipeline got its permit so that more Canadian oil got to the market (US & Canada not being members of OPEC), then it could provoke OPEC to produce more & the cost to go down ... all a game of the futures speculation.

    I remember some theorizing that if the US released some of its crude reserves, that, alone, might impact the global market price for crude.

    However, as you mention if refining oil to gas here makes US jobs & gives a better trade balance for the US, and that grows the economy here ... then the higher price becomes less of a hardship if people have jobs.
    G.Clinchy@gmail.com
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  4. #24
    Senior Member Gerry Clinchy's Avatar
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    From Breitbart today:

    When President Barack Obama blocked the Keystone Pipeline, Republicans said the move would encourage Canada to pursue oil deals with China instead of the United States and cede a massive chunk of North American oil assets to the communist nation.


    Now, with China's state-run oil company CNOOC poised to cut a $15.1 billion deal--the largest ever foreign acquisition for a Chinese company--with Canadian oil company Nexen, Sen. Charles Schumer (D-NY) and Rep. Nancy Pelosi (D-CA) are in full backpedal mode.

    In a draft letter to the Committee on Foreign Investment in the United States (CFIUS), Sen. Schumer writes:
    I respectfully urge you, in your capacity as chairman of the Committee on Foreign Investment in the United States (CFIUS), to withhold approval of this transaction to ensure U.S. companies reciprocal treatment.
    Similarly, Rep. Pelosi is now sounding alarms of concern. In a statement, Pelosi spokesperson Drew Hamill said:
    This deal prompts great concern about the Chinese government's continued attempts to use its state-owned enterprises to acquire global energy resources.
    Saying "I told you so" offers little solace to concerned Republican lawmakers.

    "Do we really want to be buying our oil or Canadian oil back from the Chinese?" said Sen. John Hoeven (R-NE). "If we don't take action to develop our resources and work with our closest friend and ally Canada, that's exactly what's going to happen."
    ---------------
    Will these guys now stop taking Canada for granted?

    Wonder how this will impact the votes in November.

    Obama is supposed to be such a smart politician, but if he didn't see this coming, I'd have to argue that assessment.
    G.Clinchy@gmail.com
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  5. #25
    Senior Member Uncle Bill's Avatar
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    Just a small correction, Gerry.

    "Do we really want to be buying our oil or Canadian oil back from the Chinese?" said Sen. John Hoeven (R-NE). "If we don't take action to develop our resources and work with our closest friend and ally Canada, that's exactly what's going to happen."

    I'm not sure where the original statement came from, but they have the wrong state for John Hoeven. He's from N.D.

    He's right on, however, and we have the 'messiah' to thank for this to even be a consideration.

    UB
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  6. #26
    Senior Member Uncle Bill's Avatar
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    And here's an "Oh by the way", report that may be of interest to some. UB

    Thanks Fracking: North Dakota Oil Production Could Outpace Persian Gulf Imports







    Written By:
    Rob Port
    Jul 25, 2012



    Big news today about North Dakota’s Bakken oil boom is a projection showing oil production tripling by 2025:
    A new study says North Dakota’s oil production could jump more than threefold by 2025 to more than 2 million barrels a day.

    The study released Wednesday by Bentek Energy LLC of Colorado also says natural gas production could more than quintuple by 2025 in the Williston Basin. The basin includes the Dakotas and Montana.
    There is some reason to doubt this project. Oil prices are down, causing concern in some quarters, and rig counts are leveling off. And it’s hard to imagine North Dakota keeping up the level of explosive growth we’ve seen over the last couple of years for another 13 years.

    But supposing it’s true, it could mean that North Dakota alone would offset 100% of the oil currently coming from the Persian Gulf. “If oil production in North Dakota increases to 2 million barrels per day from current daily production of 639,000 barrels, that would be more than enough domestic oil to completely offset current daily U.S. imports of 1.86 million barrels from all of the Persian Gulf countries combined!” writes Mark Perry.

    Of course, that almost certainly wouldn’t mean an end to imports from the Persian Gulf as US oil consumption will climb steadily during that time as well.

    But it is amazing to consider. After the years of griping about foreign oil from the Persian Gulf region, that oil production in one US state could eclipse those imports is astounding.

    And there are a lot of positive diplomatic ramifications for lowering demand for oil produced in troubled parts of the world.
    When the one you love becomes a memory, that memory becomes a treasure.

  7. #27
    Senior Member 2goldens's Avatar
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    http://www.retrievertraining.net/for...ng-the-assylum

    Thank you for putting this out there...I "shared" on Facebook.
    Peg Willbond
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  8. #28
    Senior Member Gerry Clinchy's Avatar
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    Let's not forget that oil and NG consumption in the US will increase ... since the present EPA seems determined to make coal a mortal sin. The price of oil and NG better go down a lot, since my electric bill continues to increase.

    Since I'm in PA, which has long used quite a lot of coal for generation, the new rules on coal plants (both for building new ones, and "fixing" old ones) is likely having an impact on the cost of electricity here.

    If we want to talk "taxes" ... we shouldn't forget the "hidden" tax of increased costs for basic needs due to govt regulation.

    We might need that health care from Obamacare even more than we think. FOTUS wants everyone to eat better, even as the cost of healthy foods continues to increase. Not something she's likely to notice from where she stands ... as the cost of growing and transporting them increases.
    G.Clinchy@gmail.com
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