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Thread: U.S. to Be World’s Top Oil Producer in 5 Years

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by roflpublican View Post
    why dont we use solar powered trains to deliver oil to refineries in the desert where no one cares about the environment? actually nevermind, that sounds too much like compromise between the left and the right to ever work.
    That and you forget that environmental whackos flock to the desert and have nothing better to do with their time than sue people on behalf of endangered humpback snails.

    We'd be better off just building a bunch in Mexico and piping it across IMHO. I imagine the cost of desalination plants for more water would be less than the legal fees here in the US. It would also help with that illegal immigration problem, but that makes too much sense.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by DA60 View Post
    U.S. to Be World’s Top Oil Producer in 5 Years


    When it happens, I will believe it.

    Not before.
    With you on that. Right now, there is some discussion to start building reliquefaction plants and start exporting Natural Gas. There is gonna be one in the next 2-4 years. The rest of are in the permitting process and its estimated to be 6-10 year process.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    Does it make you feel better that one of our newest refineries took 7 years just to get one single clean air permit?

    Depending on where it is located, you have the additional headaches of environmental law suits to try to stop you. You then must also take into consideration the issues with building pipelines and stuff. The regulatory aspects are the headache. I read they had tried to build a super refinery in Louisiana but after basically having to bribe local "facilitators" to bribe the endless line of local officials, the company gave up on it but I forgot which company that was.

    YIPPEE! Two New Oil Refineries in Development. First in US in 35 Years. « freedombytheway
    It pays to look at Keystone. The line was proposed in 2005, the extension in 2008. Canada and some states have already approved the project. Obama put it in hold till after 2013. There is no guarantee that it will ever be built.

    If the US doesn't get the pipeline, the line will be built to the ocean to load ships carrying crude to China. No environmental worries, no permit issues, no US jobs or fuel.

    The pipeline is a win win for everyone. The US gets the refining, Canada gets the oil revenue, the world and the US get the oil. The obstacle is the environmentalists and the alternate fuel crowd. Bringing cheaper oil to the world and US markets dooms the alternate energy market, already underwater in terms of competitiveness.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    That and you forget that environmental whackos flock to the desert and have nothing better to do with their time than sue people on behalf of endangered humpback snails.

    We'd be better off just building a bunch in Mexico and piping it across IMHO. I imagine the cost of desalination plants for more water would be less than the legal fees here in the US. It would also help with that illegal immigration problem, but that makes too much sense.
    feel free to hunt those types:
    cxcxxcxc.jpg

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by jimbo View Post
    It pays to look at Keystone. The line was proposed in 2005, the extension in 2008. Canada and some states have already approved the project. Obama put it in hold till after 2013. There is no guarantee that it will ever be built.

    If the US doesn't get the pipeline, the line will be built to the ocean to load ships carrying crude to China. No environmental worries, no permit issues, no US jobs or fuel.

    The pipeline is a win win for everyone. The US gets the refining, Canada gets the oil revenue, the world and the US get the oil. The obstacle is the environmentalists and the alternate fuel crowd. Bringing cheaper oil to the world and US markets dooms the alternate energy market, already underwater in terms of competitiveness.
    Actually, if the pipeline is built, it still goes on a boat to China, it's just that it's refined first.

    And if the price gets low enough, it'll run dry. They won't be going after the tar sands if the price goes lower than is profitable for them.


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    Too bad we have to observe human rights.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by jimbo View Post
    It pays to look at Keystone. The line was proposed in 2005, the extension in 2008. Canada and some states have already approved the project. Obama put it in hold till after 2013. There is no guarantee that it will ever be built.

    If the US doesn't get the pipeline, the line will be built to the ocean to load ships carrying crude to China. No environmental worries, no permit issues, no US jobs or fuel.

    The pipeline is a win win for everyone. The US gets the refining, Canada gets the oil revenue, the world and the US get the oil. The obstacle is the environmentalists and the alternate fuel crowd. Bringing cheaper oil to the world and US markets dooms the alternate energy market, already underwater in terms of competitiveness.
    I agree with you in principle but I disagree with people who would hold the position that to have green energy we must have less oil. Oil is primarily for cars. Electric cars require massive upgrades in electrical capacity. Focusing on creating individual capacity to generate their own electricity to bridge the gap from both sides is the more sensible approach IMHO. I would love to get off the electrical grid or have it there only in bad weather weeks as a backup, but the prices are too outrageous. At best you would not even break even going solar individually so there is no way society as a whole will in the next 100 years.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by Fisher View Post
    I agree with you in principle but I disagree with people who would hold the position that to have green energy we must have less oil. Oil is primarily for cars. Electric cars require massive upgrades in electrical capacity. Focusing on creating individual capacity to generate their own electricity to bridge the gap from both sides is the more sensible approach IMHO. I would love to get off the electrical grid or have it there only in bad weather weeks as a backup, but the prices are too outrageous. At best you would not even break even going solar individually so there is no way society as a whole will in the next 100 years.
    an average american home, ~1500 sqft, with one layer of solar panels on it can produce 4x more electricity than it needs.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    i think it's great that we're producing more oil. the problem is that oil is finite and fungible, and China and India are developing middle classes. when they start buying Buicks, we could put the entire Rocky mountain range in the blender and there still won't be enough oil.

    we should drill what we have while transitioning to something else, using electric as an intermediate fuel.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by rocket88 View Post
    Actually, if the pipeline is built, it still goes on a boat to China, it's just that it's refined first.

    And if the price gets low enough, it'll run dry. They won't be going after the tar sands if the price goes lower than is profitable for them.
    You are partially correct, in fact, possibly mostly correct. Some of the oil will be exported elsewhere. This is not a bad thing as the US will get the jobs, the taxes, the environmental control, which is generally better than in other countries. Some of the oil will stay in the US. I don't know the percentages, but it does not matter. One of the current arguments against opening up US oil production is that we are now in a world market. I don't understand this concept as the supply needs to keep up with market, regardless of the source of market.

    If the world production of oil, and by extension the US and North American production brings the price down to the point that some methods of production go off line why is this a bad thing? Either the production of shale and tar will keep pace, or an equilibrium will be reached at a price lower than without the shale and sand oil.

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    Re: U.S. to Be World’s Top Oil Producer in 5 Years

    Quote Originally Posted by jimbo View Post
    You are partially correct, in fact, possibly mostly correct. Some of the oil will be exported elsewhere. This is not a bad thing as the US will get the jobs, the taxes, the environmental control, which is generally better than in other countries. Some of the oil will stay in the US. I don't know the percentages, but it does not matter. One of the current arguments against opening up US oil production is that we are now in a world market. I don't understand this concept as the supply needs to keep up with market, regardless of the source of market.

    If the world production of oil, and by extension the US and North American production brings the price down to the point that some methods of production go off line why is this a bad thing? Either the production of shale and tar will keep pace, or an equilibrium will be reached at a price lower than without the shale and sand oil.
    the argument you mentioned is funded mainly by those who want to keep the price of oil high. also known as the oil companies. it's better for their profit margins if oil is a more valuable/rare commodity, much like how diamond production is restricted by the de beers cartel which opposes increased diamond production for the same reason.

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