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Joined: Jan 2018
Posts: 531
4 point
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4 point
Joined: Jan 2018
Posts: 531 |
We keep hearing this nonsense about relying on opec. We could produce and refine our own oil if we kept our oil here, and opened up more areas. That would keep our military here too. It’s only because the saudis use the US dollar to sell and value their oil. It’s why they paid the USA the cost of the desert storm war, when Iraq invaded Kuwait. Like Kuwait is worth even 1 American life. But the next place was gonna be Saudi Arabia for Saddam. And that couldn’t be allowed to happen. If the true cost of oil from the Middle East was paid by the oil companies, instead of the US military providing safety and security in countries and on the high seas, we wouldn’t afford it over oil from elsewhere. But there is way to much money thrown in the military industrial complex. Our government is only used to control us.
Why would we want to use up all of our oil when we can use up other countries' oil? Save ours for when we need it. I’m When are we going to run out? It seems technology marches on. Whale oil used to be a thing. It seems batteries are the next big leap. We’ve heard of peak oil for almost 5O years. I’d rather use ours than prop up these tin pot dictators in Africa and the Middle East. We should of took their oil after WW2. I’d be more worried about those other countries running out of oil. The countries that don’t even know how to build a hammer yet. Their populations are almost 100% dependent on oil revenues. Let China worry about that stuff. Then we can focus on our own country again. Great in theory but their oil is cheaper. We can be 100% oil independent but fuel prices will be 50% higher. Is that because we have to sell our oil on the global markets? Maybe our oil stays here instead. Shipping and speculators add a big cost. So if oil is so important, why not only sell what we don’t use? There are bigger things here involved, and that is profits. A couple years back the oil was so cheap it was being stored on huge tankers until the price rose. The US military keeps the price of oil cheap for the whole world. Let’s stop that for a while, and try a different plan maybe? Same way corporations go to China to make stuff and ship it back and the cost isn’t that much cheaper, but their profits are higher. And instead of a good job here, we cut our own workers out. That’s what this is really about. Materials and shipping and the like cost very similiar around the world. The USA is rare in that it has the natural resources that we can supply others. Why don’t we grow our own workers wealth? Drinking water is almost more than oil or gas. What’s to expensive is the USA taking care of the security for most of the world. We don’t ever price that in to the equation. And we should. Because it’s a cost to our country. Indirect costs are more than your 50% price increase. About 10-12 years ago gas was $4 plus a gallon. And then more producers got in the game. That’s how it works.
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Joined: Dec 2009
Posts: 9,375
14 point
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14 point
Joined: Dec 2009
Posts: 9,375 |
[/quote]
Great in theory but their oil is cheaper. We can be 100% oil independent but fuel prices will be 50% higher.
[/quote]
Is that because we have to sell our oil on the global markets? Maybe our oil stays here instead. Shipping and speculators add a big cost. So if oil is so important, why not only sell what we don’t use? There are bigger things here involved, and that is profits. A couple years back the oil was so cheap it was being stored on huge tankers until the price rose. The US military keeps the price of oil cheap for the whole world. Let’s stop that for a while, and try a different plan maybe? Same way corporations go to China to make stuff and ship it back and the cost isn’t that much cheaper, but their profits are higher. And instead of a good job here, we cut our own workers out. That’s what this is really about. Materials and shipping and the like cost very similiar around the world. The USA is rare in that it has the natural resources that we can supply others. Why don’t we grow our own workers wealth? Drinking water is almost more than oil or gas. What’s to expensive is the USA taking care of the security for most of the world. We don’t ever price that in to the equation. And we should. Because it’s a cost to our country. Indirect costs are more than your 50% price increase. About 10-12 years ago gas was $4 plus a gallon. And then more producers got in the game. That’s how it works. [/quote]
I think you missed my point. Sweet crude is processed easier than say tar sands oil. We (USA) can produce enough oil for all us consumption with the caveat that Democrat Policy doesn’t further strangle the refineries. From a strictly business standpoint it sometimes makes more sense to import sweet crude for refining depending on the rates/futures. On the flip side when opec floods the market with cheap oil it makes us production come to a standstill because it cost more for them to get it out of the ground than they can sell it for. We all love cheap fuel but from a purely economic standpoint fuel prices at around $2.50/gallon makes us production more viable. This impacts the economy in multiple ways.
If we had an easier and more direct route to get oil to the refineries we could even be more efficient. From a pipeline standpoint we are very efficient from the Mississippi East but it can be improved upon. When those pipelines are running at full capacity it benefits everyone and is actually cheaper to move product. Those big pumps (5000hp) are at peak efficiency when they are not being throttled due to injection flow.
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Joined: Sep 2019
Posts: 2,005
8 point
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8 point
Joined: Sep 2019
Posts: 2,005 |
I can remember way back when internet stock trading was just getting started. I ran across a penny stock trading oil sands. I wonder if that stock is still selling for pennies or I missed another opertunity.
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Joined: Aug 2003
Posts: 44,384 Likes: 28
Freak of Nature
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Freak of Nature
Joined: Aug 2003
Posts: 44,384 Likes: 28 |
Can't wait to pay $5 a gallon
LUCK:::; When presistence, dedication, perspiration and preparation meet up with opportunity!!!
- - - - - - - -A government big enough to give you everything you want, is big enough to take everything you have. Thomas Jeferson - - - - - - - -
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Joined: Dec 2017
Posts: 379
4 point
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4 point
Joined: Dec 2017
Posts: 379 |
Biden signed an executive order to shut down the pipeline already. It was one of 17 orders he signed today. $5 is right around the corner.
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Joined: Aug 2010
Posts: 2,341
8 point
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8 point
Joined: Aug 2010
Posts: 2,341 |
He shut it down, 11000 jobs gone like that on day one. The future is looking great! If you like being broke and at the mercy of the government.
boker
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Joined: Dec 2006
Posts: 18,299 Likes: 71
Old Mossy Horns
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Old Mossy Horns
Joined: Dec 2006
Posts: 18,299 Likes: 71 |
We keep hearing this nonsense about relying on opec. We could produce and refine our own oil if we kept our oil here, and opened up more areas. That would keep our military here too. It’s only because the saudis use the US dollar to sell and value their oil. It’s why they paid the USA the cost of the desert storm war, when Iraq invaded Kuwait. Like Kuwait is worth even 1 American life. But the next place was gonna be Saudi Arabia for Saddam. And that couldn’t be allowed to happen. If the true cost of oil from the Middle East was paid by the oil companies, instead of the US military providing safety and security in countries and on the high seas, we wouldn’t afford it over oil from elsewhere. But there is way to much money thrown in the military industrial complex. Our government is only used to control us.
Why would we want to use up all of our oil when we can use up other countries' oil? Save ours for when we need it. I think that is a good idea, but it has to be somewhat balanced over decades or we'd pay them too much for too long before we move back to our oil.
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Joined: Sep 2015
Posts: 5,344
Bitch Peas, I'm a Kitty Whisperer
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Bitch Peas, I'm a Kitty Whisperer
Joined: Sep 2015
Posts: 5,344 |
He shut it down, 11000 jobs gone like that on day one. The future is looking great! If you like being broke and at the mercy of the government. Can’t y’all just feel the unity all around you, $5 gallon gas will be here by july
If I agreed with you, we'd both be wrong.
Bluetick serpentines around green fields and rock spit a lease
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Joined: Jan 2018
Posts: 5,379 Likes: 49
12 point
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12 point
Joined: Jan 2018
Posts: 5,379 Likes: 49 |
The Canadian oil is already being refined in the US Gulf Coast refineries. Virtually 100% of what they produce.
It just doesn't arrive by pipeline.
It gets there on a train.
Owned by.........
Warren Buffett.
To quote Big Dan Teague from O Brother, "It's all about the money, boys!"
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