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Thread: China invests in Canada oil sands

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    Re: China invests in Canada oil sands

    Quote Originally Posted by Coronado View Post
    Exploration = overhead

    Reducing overhead = reducing price of product or increasing profit margin = manipulation
    Only in this case it's more harmful..You are actually using 1 for 1 tax dollars to decrease the cost of the World market price.

    We would be literally dumping the Billions in to lower the World market price by a tiny fraction.

    How kind of us.

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    Re: China invests in Canada oil sands

    Quote Originally Posted by dragondad View Post
    We don't have the hours in the day....besides the fact you don't wish to learn.
    So, you don't know, do you?


    Quote Originally Posted by SouthernDemocrat View Post
    Oh ok, so you are cool with the government subsidizing profitable industries and telling them what to invest in.

    If we were talking about blue jeans, I would say no. But, we're talking about oil exploration that would create thousands, if not hundreds of thousands of jobs.





    Quote Originally Posted by Coronado View Post
    Exploration = overhead

    Reducing overhead = reducing price of product or increasing profit margin = manipulation
    Oil is a commodity, it doesn't go up and down with a company's operating costs. It costs the same amount of money to produce a barrle of oil when a barrel is $70 as it did when oil was $100. If anything, the opposite is the case, an oil company's overhead goes up and down, because of a rise, or fall in the price of oil. That's Business 101.
    Last edited by apdst; 09-02-09 at 01:10 PM.
    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: China invests in Canada oil sands

    Someone explain it to the coonass, please. I don't have the patience.

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    Re: China invests in Canada oil sands

    Quote Originally Posted by Coronado View Post
    Someone explain it to the coonass, please. I don't have the patience.
    You don't have a clue, so you resort to racial slurs and personal attacks. Why don't you just call me the n-word, because I'm not a Cajun.
    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: China invests in Canada oil sands

    Quote Originally Posted by apdst View Post
    Oil is a commodity, it doesn't go up and down with a company's operating costs. It costs the same amount of money to produce a barrle of oil when a barrel is $70 as it did when oil was $100. If anything, the opposite is the case, an oil company's overhead goes up and down, because of a rise, or fall in the price of oil. That's Business 101.
    What you don't seem to get is that all oil in the ground cannot be produced for the same price. There is oil that is economically recoverable at 20 dollars a barrel and there is oil that is not economically recoverable until prices are over 100 dollars a barrel. By subsidizing extremely costly to produce oil shale and oil sands you are creating a market distortion.
    "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: China invests in Canada oil sands

    Quote Originally Posted by apdst View Post
    You don't have a clue, so you resort to racial slurs and personal attacks. Why don't you just call me the n-word, because I'm not a Cajun.
    You know that's not even remotely the same thing, so stop acting like it is, and stop trying to lie to the mods by reporting it.

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    Re: China invests in Canada oil sands

    Quote Originally Posted by SouthernDemocrat View Post
    What you don't seem to get is that all oil in the ground cannot be produced for the same price. There is oil that is economically recoverable at 20 dollars a barrel and there is oil that is not economically recoverable until prices are over 100 dollars a barrel. By subsidizing extremely costly to produce oil shale and oil sands you are creating a market distortion.
    I do understand that all oil pool can't be produced at the same price. The part that you don't seem to understand, is that the price of oil isn't regulated by the overhead expended to produce it. Subsidizing oil exploration doesn't make the price of oil go up, or down. Oil compaies have been subsidized for years, until PBO cut off the subsidies and tax breaks and we saw record high gas prices. Those high prices weren't caused by subsidies.
    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: China invests in Canada oil sands

    It seems this discussion has taken a turn of which I had not intended. I did not call for the government to subsidize oil, nor manipulate the market. I simply intended that the goverment purchase rights to drill in these areas, of which in time of energy crisis or energy inflation to levels seen last year, the government could sell these rights to private oil companies who could then pump the oil under economical viable conditions. This is neither manipulation or subsidization, it is simply buying rights to drill and selling those rights at a future market value when said necessity determines.

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    Re: China invests in Canada oil sands

    As a result of the development of Canadian oil sands reserves, 44% of Canadian oil production in 2007 was from oil sands, with an additional 18% being heavy oil, while light oil and condensate had declined to 38% of the total.[6] Because growth of oil sands production has exceeded declines in conventional crude oil production, Canada has become the largest supplier of oil and refined products to the United States, ahead of Saudi Arabia and Mexico.
    [ame=http://en.wikipedia.org/wiki/Oil_sands]Oil sands - Wikipedia, the free encyclopedia[/ame]

    Sounds like the technology is already developed, more so than wind and solar... the real problem is the hold the Environmental movement has on this country.

    Why is it that those that see a subsidy for oil as bad, don't complain one bit about subsidies for wind, solar, or Bio-fuels?

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    Re: China invests in Canada oil sands

    Quote Originally Posted by tlmorg02 View Post
    It seems this discussion has taken a turn of which I had not intended. I did not call for the government to subsidize oil, nor manipulate the market. I simply intended that the goverment purchase rights to drill in these areas, of which in time of energy crisis or energy inflation to levels seen last year, the government could sell these rights to private oil companies who could then pump the oil under economical viable conditions. This is neither manipulation or subsidization, it is simply buying rights to drill and selling those rights at a future market value when said necessity determines.
    Exactly!

    You are calling for tax dollars to be used to speculate in the Energy Industry.

    You "speculate" that the price of oil will exceed $70 per barrel and that this operation will become a money maker at some point in the future.

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