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Thread: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by DA60 View Post
    Oil companies have no reason to pump up the figures?

    Are you serious?

    The more oil they say is down there, the less worried people get about developing alternatives and the more money/grants they can extract from the government to get the oil.

    It is in BOTH the oil companies AND the gov't's interest to provide 'good' numbers.
    Oil companies don't get grants to explore for oil!
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by apdst View Post
    Oil companies don't get grants to explore for oil!
    They get investment monies in advance of drilling, if news comes out of a major find, investment (stock prices) increase. It is very much in there interest to say "there is oil there".
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by apdst View Post
    Oil companies don't get grants to explore for oil!
    Where did I say they get money from the government to drill for oil?

    Answer...I didn't.

    They do get billions in 'subsidies' though:

    'Currently, the U.S. government provides $4 billion in subsidies every year to the major oil producers.'

    Obama plan to end U.S. oil subsidies rejected - Business - CBC News

    and

    Fossil Fuel Subsidies in the U.S. | Oil Change International


    You don't agree? Take it up with the sources.


    Good day.
    Last edited by DA60; 05-24-14 at 01:18 PM.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by Gimmesometruth View Post
    They get investment monies in advance of drilling, if news comes out of a major find, investment (stock prices) increase. It is very much in there interest to say "there is oil there".
    I agree.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by Gimmesometruth View Post
    They get investment monies in advance of drilling, if news comes out of a major find, investment (stock prices) increase. It is very much in there interest to say "there is oil there".
    Oil companies do not get cash money from the government!

    It does no good to lie about how big a resevoir is, because if it doesn't produce, the invested money is lost.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by Gimmesometruth View Post
    They get investment monies in advance of drilling, if news comes out of a major find, investment (stock prices) increase. It is very much in there interest to say "there is oil there".
    All I know is they are prepping for a major drilling push. They are bringing contractors and hiring employees at a very high rate higher than I have seen. I just went in to negotiate a contract yesterday for one of my customers and they are inquiring about me adding equipment and what kind of time frames I can do it in. So something is up. The internal reports I have been privy to and the external reports don't match so I don't know what the deal is exactly. Personally I think the first of the fracking permits are due in, and that's why the gear up.
    Semper Fidelis, Semper Liber.
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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by DA60 View Post
    Where did I say they get money from the government to drill for oil?

    Answer...I didn't.

    They do get billions in 'subsidies' though:

    'Currently, the U.S. government provides $4 billion in subsidies every year to the major oil producers.'

    Obama plan to end U.S. oil subsidies rejected - Business - CBC News

    and

    Fossil Fuel Subsidies in the U.S. | Oil Change International


    You don't agree? Take it up with the sources...I don't much care.


    Good day.
    Neither source names a single specific subsidy. Why is that, you think?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by apdst View Post
    Oil companies do not get cash money from the government!
    What part of stock purchases/investment did you not understand?

    It does no good to lie about how big a resevoir is, because if it doesn't produce, the invested money is lost.
    That is assuming all stock bought is sold and that the corp did not profit from the investment monies......but that still is not the point.....your point was that it is not in the oil corps interest to pump up possible findings....but it is...it attracts investment.

    The oil companies have zero to gain by pressuring the EIA to over-estimate the size of the reserve.
    Patently false.
    Quote Originally Posted by trouble13 View Post
    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
    Quote Originally Posted by Moderate Right View Post
    When it comes down to it, all facts are cherry picked.
    Quote Originally Posted by Bodhisattva View Post
    He didn't say it didn't make sense. He said it is complete nonsense.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by DA60 View Post
    Where did I say they get money from the government to drill for oil?

    Answer...I didn't.

    They do get billions in 'subsidies' though:

    'Currently, the U.S. government provides $4 billion in subsidies every year to the major oil producers.'

    Obama plan to end U.S. oil subsidies rejected - Business - CBC News

    and

    Fossil Fuel Subsidies in the U.S. | Oil Change International


    You don't agree? Take it up with the sources.


    Good day.
    What subsidies are you talking about? The government provides NO money for exploration or anything else. And oh by the way the oil companies pay royalties permit fees and a whole host of other taxes and fees other industries DONT pay.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

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    Re: UPDATE 2-U.S. EIA cuts recoverable Monterey shale oil estimate by 96 pct

    Quote Originally Posted by apdst View Post
    Neither source names a single specific subsidy. Why is that, you think?
    There isn't one. They are calling tax code a subsidy. Which its not.
    Semper Fidelis, Semper Liber.
    I spit at lots of people through my computer screen. Not only does it "teach them a lesson" but it keeps the screen clean and shiny.
    Stolen fair and square from the Capt. Courtesey himself.

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