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Thread: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Risky Thicket View Post
    I object to the public being taxed to provide them subsidies.
    You must hate the crap out of the green industry.
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Risky Thicket View Post
    I object to the public being taxed to provide them subsidies.
    Is that what you believe is happening? Do you (really) believe the government is writing a check every month to oil companies?

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by SouthernDemocrat View Post
    Its not all OPEC that is reducing oil prices, a lot of it is greater efficiency in the US auto fleet:



    Those much maligned CAFE standards are actually saving more oil than we are bringing to market with tight oil like shale and tar sands.
    They are maligned because they cost people their lives and limbs. I drive an "egg carton" because I want to. But some are forced into it. This is yet another example of a government intruding into areas it never should have. In fact, it has no Constitutional authority to intrude.

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Misterveritis View Post
    They are maligned because they cost people their lives and limbs. I drive an "egg carton" because I want to. But some are forced into it. This is yet another example of a government intruding into areas it never should have. In fact, it has no Constitutional authority to intrude.
    That is absurd. Today vehicles are safer than ever before. There is a greater variety in choice than ever before. Trucks are stouter and can pull more than ever before. Sports cars are faster than ever before. You can get better off road capability in Jeeps, Land Rovers, and Toyota FJ-Cruisers than ever before (stock). Cars last longer and are more reliable than ever before. All this while at the same time cars and trucks are more fuel efficient than ever before. I swear some people would bitch if they were hung with a new rope.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by SouthernDemocrat View Post
    That is absurd. Today vehicles are safer than ever before. There is a greater variety in choice than ever before. Trucks are stouter and can pull more than ever before. Sports cars are faster than ever before. You can get better off road capability in Jeeps, Land Rovers, and Toyota FJ-Cruisers than ever before (stock). Cars last longer and are more reliable than ever before. All this while at the same time cars and trucks are more fuel efficient than ever before. I swear some people would bitch if they were hung with a new rope.
    Do you know why trucks are popular? They get around the government rules about the egg cartons... Physics demands that if you want to move farther on that same amount of energy then you have to move far less mass. The human losses that result are staggering.

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Misterveritis View Post
    Do you know why trucks are popular? They get around the government rules about the egg cartons... Physics demands that if you want to move farther on that same amount of energy then you have to move far less mass. The human losses that result are staggering.
    I don't get where this popular bit of right wing mythology originated. First off trucks are popular because they are useful and a lot of people like driving them. Moreover, they get better mpg than ever before so they are not so expensive to drive.

    However, your claims about "human losses" simply doesn't reconcile with reality. Motor vehicle deaths in the United States are at their lowest levels in the modern era:



    So basically we have vehicles now that are safer than ever before, faster than ever before, can tow more in the case of trucks than ever before, more reliable than ever before, and more efficient than ever before……… And because of the fact that they are far more efficient than they were even a few years ago, we enjoy lower gas prices today because of the reduced demand for gas. Its a win / win situation so why complain about it.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by DA60 View Post
    'With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.'

    Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg

    Shale Profits at Risk - Bloomberg


    I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.
    Natural gas, wind and solar are in the process of driving demand down for crude. The only thing has realistically been keeping it up fuel prices are the speculators falsifying the market.
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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by SouthernDemocrat View Post
    I don't get where this popular bit of right wing mythology originated. First off trucks are popular because they are useful and a lot of people like driving them. Moreover, they get better mpg than ever before so they are not so expensive to drive.

    However, your claims about "human losses" simply doesn't reconcile with reality. Motor vehicle deaths in the United States are at their lowest levels in the modern era:



    So basically we have vehicles now that are safer than ever before, faster than ever before, can tow more in the case of trucks than ever before, more reliable than ever before, and more efficient than ever before……… And because of the fact that they are far more efficient than they were even a few years ago, we enjoy lower gas prices today because of the reduced demand for gas. Its a win / win situation so why complain about it.
    If the car I drive is hit by a truck I will die. If that same truck hit the car I drove 40 years ago I would very likely live. I made my choice. But government continues to take my choices away.

    Many people have been killed unnecessarily because politicians wrote laws that took steel out of vehicles.

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by Misterveritis View Post
    If the car I drive is hit by a truck I will die. If that same truck hit the car I drove 40 years ago I would very likely live. I made my choice. But government continues to take my choices away.

    Many people have been killed unnecessarily because politicians wrote laws that took steel out of vehicles.
    But the statistics simply don't back up your claims. Motor vehicle death rates 40 years ago were more than twice what they are now. If you get hit by a truck in your car:

    1. You are less likely to be hit in the first place as that truck's stopping distance is much shorter than it was 40 years ago.

    2. Your car has crumple zones, air bags, better seat belts, and other safety measures that both deflect the force of the crash and increase your odds of surviving the crash.

    3. 40 years ago the physics of being in a heavier vehicle moving at a given speed and being struck by another vehicle resulted in much more of the force of that impact being transferred to your body and thus greatly increasing the odds you would be seriously injured or killed.

    Mind you, the vast majority of those improvements in vehicular safety resulted from government mandates as well.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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    Re: Oil at $75 Means Patches of Texas Shale Turn Unprofitable

    Quote Originally Posted by poweRob View Post
    Natural gas, wind and solar are in the process of driving demand down for crude. The only thing has realistically been keeping it up fuel prices are the speculators falsifying the market.
    Natural gas, wind, and solar don't really compete with crude oil as those are primarily used for power generation and crude is primarily used as a transportation fuel. The biggest thing that has driven down the price of crude is decreased demand due to greater vehicular fleet fuel efficiency.
    "You're the only person that decides how far you'll go and what you're capable of." - Ben Saunders (Explorer and Endurance Athlete)

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