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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

    the US produces about 5 mb/day but consumes 18 mb/day of oil

    do the math

    The article is based upon Hollywood Fantasy

    The only way the US can improve its energy budget and self sufficiency is to go along the same road as nations such as GErmany who are moving away from fossil fuels and nuclear and heading towards a renewable/sustainanle energy future. And the technology is available and proven
    Last edited by Klown; 11-12-12 at 07:53 PM.

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

    Quote Originally Posted by roflpublican View Post
    have you seen the profits of oil companies since obama was elected? records every quarter. i'd say the policy is working great for them. they're exploiting the anomaly all right, the anomaly of no permits helping drive the price up .
    I don't give one damn about what somebody else makes. I care about what is costs to fill my tank, fill my belly, and heat my house. Everything else come in in second place. Neither do I have much class envy. If I think that if someone else is making more than me and I care, I would strive to emulate them, not attempt to drag them down to my level.

    If you want to get in on some of these record profits, buy stock. It is available. Of course, you run the risk of losing your capital, just like a business does if they make a miscalculation.

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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 problem with the sands going offline is that will significantly reduce traffic in the pipeline, and then we've got a giant boondoggle running right down the middle of the country. Because of the expense of getting the oil out of the sands and shale, if that goes offline we're back to importing it all from other countries.

    I'm not saying "don't use these sources" or anything silly like that. Just that these are all things to consider. Energy independence isn't going to come at $2.00/gallon, so we need to consider that as well. Are we better off with cheap oil that's all imported, or are we better off paying a little bit more so that we can be more energy independent?


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

    Quote Originally Posted by jimbo View Post
    QUOTE=roflpublican;1061141079]have you seen the profits of oil companies since obama was elected? records every quarter. i'd say the policy is working great for them. they're exploiting the anomaly all right, the anomaly of no permits helping drive the price up .
    I don't give one damn about what somebody else makes. I care about what is costs to fill my tank, bill my belly, and heat my house. Everything else come in in second place. .[/QUOTE]

    Prepare to tighten your belt

    The USA makes up about 5% of the total global population and yet consumes about 1/3 of the worlds resources and produces about 30% of the worlds waste and pollution.

    Its unsustainable and greed based immorality

    Grow up or leave this planet and live on another planet

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

    Quote Originally Posted by jimbo View Post
    I don't give one damn about what somebody else makes. I care about what is costs to fill my tank, fill my belly, and heat my house. Everything else come in in second place. Neither do I have much class envy. If I think that if someone else is making more than me and I care, I would strive to emulate them, not attempt to drag them down to my level.

    If you want to get in on some of these record profits, buy stock. It is available. Of course, you run the risk of losing your capital, just like a business does if they make a miscalculation.
    mate my point was the supply restriction scheme is working. but you can pretend that means i care about what they make. what i care about is the reality that supply is being restricted for the benefit of someones profit margin and that affects me. you don't have to take that seriously, and you can deny the truth of what i said and proved, but it won't change the reality.

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

    Quote Originally Posted by jimbo View Post
    Based on what I have read, I would agree that fossil fuel is the norm, however, there are still questions remaining. In my lifetime, it does not matter. There is more than enough carbon fuel to last the country for at least decades. Some say centuries. If national security is the issue, the immediate fix is to make ourselves energy independent, and that can be done most quickly and cheaply by focusing research on carbon. Not to say that research into other sources should not be done, and base research is one thing the government might do well. Are you aware that there is a huge amount of unexplained energy in the universe? Perhaps government expenditures should go that way. Once the basic research is done, why not make it free and available and let market forces develop the end product. Both sides doing what they do best.

    At present, the focus seems to be the shove it down our throats approach. Alcohol is mandated, and the cost of alcohol is near twice the price of gasoline. Not to mention the effect of using food for fuel on the price of food. Solar and wind are heavily subsidized, and the subsidy is not research oriented, but geared toward the retail market to make them competitive. There have been comments by those in the administration that 10 buck gasoline is a good thing as that would make alternates cost competitive. Not to me.
    i tend to doubt that we have centuries of fossil fuels left even if we could freeze current consumption where it is right now. when the majority of China and India start buying gasoline powered cars, we are going to have a real problem. unless the earth is a malted milk ball with a crude oil center, there simply isn't going to be enough. not to mention that burning carbon is a very environmentally costly way to power everything. the atmosphere can only absorb so much of it before it starts becoming a real problem. it's not just melting ice; increasing global temperatures can supercharge storms, tornadoes, and all sorts of other weather disturbances.

    i agree with you about ethanol. while it's an alternative, it's a poor one. a better path forward would be to transition from oil to electric to whatever we innovate next. i love gasoline automobiles, but i really dislike all of the economic, geopolitical, and environmental consequences.

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

    Quote Originally Posted by rocket88 View Post
    The problem with the sands going offline is that will significantly reduce traffic in the pipeline, and then we've got a giant boondoggle running right down the middle of the country. Because of the expense of getting the oil out of the sands and shale, if that goes offline we're back to importing it all from other countries.

    I'm not saying "don't use these sources" or anything silly like that. Just that these are all things to consider. Energy independence isn't going to come at $2.00/gallon, so we need to consider that as well. Are we better off with cheap oil that's all imported, or are we better off paying a little bit more so that we can be more energy independent?
    The boondoggle as I understand it comes at the expense of private capital. As far as I know, no government money is being spent. If the pipeline becomes non viable economically, it will get torn down and the sagebrush will return.

    Simply put, energy independence comes when we produce the same or more than we use, regardless of the price. The problem comes when we are importing oil from foreign countries when we are sitting atop large resources going unexploited and using non economical sources subsidized by the government.

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

    Quote Originally Posted by Klown View Post
    the US produces about 5 mb/day but consumes 18 mb/day of oil

    do the math

    The article is based upon Hollywood Fantasy

    The only way the US can improve its energy budget and self sufficiency is to go along the same road as nations such as GErmany who are moving away from fossil fuels and nuclear and heading towards a renewable/sustainanle energy future. And the technology is available and proven
    The problem with this argument. Germany is not the US and is does not have enough carbon energy resources to satisfy its immediate and future needs. One proposal I have heard is to use natural gas (in Germany) as a storage system. That would not be necessary in the US. We just dig a hole and gas comes out. Likewise nuclear. We have plenty of fuel for both. The nuclear is a separate argument, and the lack of interest is largely due to discounting the advancement of safety concerns. Even so, government should not subsidize nuclear any more than alcohol.

    The way to energy self sufficiency, assuming your shortfall number is correct is to increase the supply by 13 mb. Do the math.

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

    Quote Originally Posted by jimbo View Post
    The problem with this argument. Germany is not the US and is does not have enough carbon energy resources to satisfy its immediate and future needs. One proposal I have heard is to use natural gas (in Germany) as a storage system. That would not be necessary in the US. We just dig a hole and gas comes out. Likewise nuclear. We have plenty of fuel for both. The nuclear is a separate argument, and the lack of interest is largely due to discounting the advancement of safety concerns. Even so, government should not subsidize nuclear any more than alcohol.

    The way to energy self sufficiency, assuming your shortfall number is correct is to increase the supply by 13 mb. Do the math.
    Well the US currently does the math on a daily basis and imports 13 million barrels of oil every day to meet its domestic consumption.

    Speaking of consumption.

    The USA makes up about 5% of the total global human population, but consumes about 1/3 of the worlds resources and produces about 30% of the worlds waste and pollution.

    It looks like the average US citizen is living well beyond its means - a life of waste, decadence and inward looking selfishness. These are the things the people of the US shoudl look at first - look in the mirror. Stop using military actions against other nations that havent attacked you so that you can access their resources on behalf of your corporate masters.

    Since the end WW2 the USA has attacked 37 nations that has resulted in over 24 million civilian deaths.

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

    Quote Originally Posted by Klown View Post
    Well the US currently does the math on a daily basis and imports 13 million barrels of oil every day to meet its domestic consumption.

    Speaking of consumption.

    The USA makes up about 5% of the total global human population, but consumes about 1/3 of the worlds resources and produces about 30% of the worlds waste and pollution.

    It looks like the average US citizen is living well beyond its means - a life of waste, decadence and inward looking selfishness. These are the things the people of the US shoudl look at first - look in the mirror. Stop using military actions against other nations that havent attacked you so that you can access their resources on behalf of your corporate masters.

    Since the end WW2 the USA has attacked 37 nations that has resulted in over 24 million civilian deaths.
    Aside from your first statement, which I addressed above (produce 13 million barrels more oil per day), the remainder has nothing to do with the OP. Start a thread, or threads, I'll participate.

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