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Thread: PetroChina buys entire Alberta oilsands project

  1. #191
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Frolicking Dinosaurs
    Maybe now the US will get serious about getting off oil and moving toward a renewable energy source we can make in-house.

    The handwriting has been on the wall for decades - Jimmy Carter saw it back in the 1970s and tried to implement a plan to avert the US being hostage to countries that control oil. The oil industry was not having it and started contributing heavily to political campaigns creating a second mess we are still dealing with today.
    The idea that oil can only be found in other countries is a hoax perpetuated by those who simply dont want us to use oil, regardless of the cost to our economy and way of life... There is more oil to be found within the borders of our own country than we could possibly hope to use in 1000 years of driving oil burning, piece of crap, pre emission regulated trucks! We are only hostages to other countries because we have allowed ourselves to become that way. We need to drill here, and drill now. If some democrat environmentalist (Al Gore) wants to get rich and be remembered forever, he will invent a car that runs off his own sense of self satisfaction. Until then, we need oil. Claiming we dont will not lessen our needs.

    P.s. Jimmy Carter was a Terrible President.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Dpetty View Post
    [...] There is more oil to be found within the borders of our own country than we could possibly hope to use in 1000 years of driving oil burning, piece of crap, pre emission regulated trucks! [...] We need to drill here, and drill now. [...]
    Please. Step away. From the Kool Aid.

  3. #193
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Karl View Post
    : Please. Step away. From the Kool Aid.
    Is that it? Do you have anything intelligent to say? Have you even seen the numbers of barrels waiting to be tapped in Alaska alone? Now look at the shale rock in southern Utah.... We are talking BILLIONS of barrels. PLease respond with more than a clever Kool aid, or sheep remark.
    Last edited by Dpetty; 01-13-12 at 09:43 AM.

  4. #194
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Dpetty View Post
    Is that it? Do you have anything intelligent to say? Have you even seen the numbers of barrels waiting to be tapped in Alaska alone? Now look at the shale rock in southern Utah.... We are talking BILLIONS of barrels. PLease respond with more than a clever Kool aid, or sheep remark.
    8 Billion in Alaska, perhaps 5 billion that is recoverable in North Dakota with current technology

    Shale oil is not recoverable at this time from an economic standpoint
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  5. #195
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Lord Tammerlain View Post
    8 Billion in Alaska, perhaps 5 billion that is recoverable in North Dakota with current technology

    Shale oil is not recoverable at this time from an economic standpoint
    Under normal circumstances you would be right, but with current gas prices, it makes shale oil more competitive of an option. It is more costly to recover which makes it less profitable, but even if we focused on Alaska while we developed better retreival methods for shale, its still a win win.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by AdamT View Post
    Apparently they've made gas a lot cheaper here than it is in most of the civilized world.

    No, that has NOTHING to do with regulation here in America...If anything regulation has prevented us from tapping our own resources, and made us more dependent on foreign oil. Our low cost has much more to do with the fact that the dollar is the currency that oil pricing is pegged to.

    But you know that.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Dpetty View Post
    Is that it? Do you have anything intelligent to say? Have you even seen the numbers of barrels waiting to be tapped in Alaska alone? Now look at the shale rock in southern Utah.... We are talking BILLIONS of barrels. PLease respond with more than a clever Kool aid, or sheep remark.
    I have to retract that statement. I just checked and the total ESTIMATED shale oil in America alone is between 1.5 and 2.6 trillion barrels... not billions...

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Dpetty View Post
    I have to retract that statement. I just checked and the total ESTIMATED shale oil in America alone is between 1.5 and 2.6 trillion barrels... not billions...

    You know it is amazing to see these, what I think are anti American proclivities that rail against anything that involves us drilling our own oil, or even getting imported Canadian oil to refinery. The idea born in Cas Sustien's book 'Nudge' was that in order for people to get used to paying more for energy, and force a move to technology that is yet unproven, and now unreliable that they have to force pricing up, and make supply of existing energy non existent.

    The problem with this is two fold, 1. The ideas that they have for replacing fossil fuels, although some of them are interesting, none of them are proven that they can totally replace oil. Thus you get something analogous to say having ten projects started in your house, and none of them completed, leaving you with little more than a gutted house. 2. How far do 'we the people' want to let government, and this minority of people go in controlling our lives, and power to force us through the threat of big government into something we don't want, and in reality at this moment in time don't need.

    Everything in this administration to date has been categorized as a 'crisis' of one sort or another. That is for one reason, because if thought out rationally no one would EVER grant liberal progressives that much control over anything.


    j-mac
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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by j-mac View Post
    You know it is amazing to see these, what I think are anti American proclivities that rail against anything that involves us drilling our own oil, or even getting imported Canadian oil to refinery. The idea born in Cas Sustien's book 'Nudge' was that in order for people to get used to paying more for energy, and force a move to technology that is yet unproven, and now unreliable that they have to force pricing up, and make supply of existing energy non existent.

    The problem with this is two fold, 1. The ideas that they have for replacing fossil fuels, although some of them are interesting, none of them are proven that they can totally replace oil. Thus you get something analogous to say having ten projects started in your house, and none of them completed, leaving you with little more than a gutted house. 2. How far do 'we the people' want to let government, and this minority of people go in controlling our lives, and power to force us through the threat of big government into something we don't want, and in reality at this moment in time don't need.

    Everything in this administration to date has been categorized as a 'crisis' of one sort or another. That is for one reason, because if thought out rationally no one would EVER grant liberal progressives that much control over anything.


    j-mac
    I agree. I dont think anyone would be against and alternative energy source if it could provide the same energy for the same cost as oil. I am all for the research in those fields. But as you stated, we need to rely on our current technology (oil) until there is something tangible to replace it, not the promise of something. I have said all along that capitalism is the engine of inovation. Future energy sources will be discovered because there is money in it, and because some clever inventor will put his mind to it. Its not going to come about simply because a hand full of activists in the white house try to hold the American people hostage with inflation and unemployment.

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    Re: PetroChina buys entire Alberta oilsands project

    Quote Originally Posted by Dpetty View Post
    Is that it? Do you have anything intelligent to say? [...]
    I'm waiting on you.

    I'd suggest you start with estimated production figures of refineable crude from the fields you mention, in bbls per day, vs. current crude importation levels (also in BPD).

    However, I must warn you -- Kool Aid withdrawal may not be pleasant


    P.S. Assume a sale price of $200/bbl if you think that will help the estimated production figures.
    Last edited by Karl; 01-13-12 at 10:48 AM.

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