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Thread: Oil rises above $90 amid US crude supply drop

  1. #1581
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    Re: Oil rises above $90 amid US crude supply drop

    today:

    Utility giant American Electric Power said Thursday that it will shut down five coal-fired power plants and spend billions of dollars to comply with a series of pending Environmental Protection Agency regulations.

    The company’s dramatic plan to comply with the regulations could give Republicans and moderate Democrats ammunition in their ongoing fight against EPA's efforts to impose new regulations aimed at limiting greenhouse gas emissions and air pollutants including mercury and arsenic.

    "Let me be clear, it’s decisions like the one made by AEP today that demonstrate the urgent need to rein in government agencies like the EPA, preventing them from overstepping their bounds and imposing regulations that not only cost us good American jobs, but hurt our economy," said[west virginia senator joe] Manchin, an outspoken critic of the EPA.

    In a statement outlining its plan to comply with EPA's regulations, AEP said it would need to retire 6,000 megawatts of coal-fired power generation in the coming years.

    The company, one of the country’s largest electric utilities, estimated that it will cost between $6 billion and $8 billion in capital investments over the next decade to comply with the regulations in their current form.

    The costs of complying with the regulations will result in an increase in electricity prices of 10 to 35 percent and cost 600 jobs, AEP said.
    AEP says it will close five coal plants to comply with EPA regs - The Hill's E2-Wire

    remember when the slasher asserted: "so if somebody wants to build a coal-powered plant they can, it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted"

    party on, progressives

    seeya at the polls

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    today:


    AEP says it will close five coal plants to comply with EPA regs - The Hill's E2-Wire

    remember when the slasher asserted: "so if somebody wants to build a coal-powered plant they can, it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted"

    oparty on, progressives

    seeya at the polls

    Man! Who elected the e p a! Oh, that's right, NO ONE!!!!!
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Man! Who elected the e p a! Oh, that's right, NO ONE!!!!!
    Obama did !!!!

  4. #1584
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by j-mac View Post
    Man! Who elected the e p a! Oh, that's right, NO ONE!!!!!
    Who elected the Department of Defense?
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by The Prof View Post
    more good news for america, bad news for secretary chu

    today: Exxon makes major oil discovery in Gulf - The Hill's E2-Wire

    remember may 27 when nyt reported the find of "another venezuela or kuwait" in southwest texas

    link above

    Umm


    The link states a discovery of 700 million barrels

    That might be something to right home about if you are say Singapore, but Venezuela has 100 times that at least (counting very heavy crude), Heck ANWAR, a mid sized field has 10 times that
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

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    Re: Oil rises above $90 amid US crude supply drop

    Obama is great a lying to us just about every time he opens his damn mouth. so why doesn't he lie to the World and announce plans to open up every possible oil field close to or in the US.

    The thought of it should have some immediate affect on oil prices because the Middle East can't live without our money.

    In the mean time there are places that can be opened right away to make the whole lie seem more plausible.

    It's move political move but economies are based what people believe not reality.

  7. #1587
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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Lord Tammerlain View Post
    That might be something to right (sic) home about
    umm

    the "venezuela or kuwait" the gray lady reported on on may 27 was eagle ford, southwest texas

    as stated plainly above, in common english

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    Re: Oil rises above $90 amid US crude supply drop

    NEW YORK (CNN/Money) – "Gasoline prices in the United States, which have recently hit record highs, are actually much lower than in many countries. Drivers in some European cities, like Amsterdam and Oslo, are paying nearly 3 times more than those in the U.S."

    "Country City Price in USD Regular/Gallon
    Netherlands Amsterdam $6.48
    Norway Oslo $6.27
    Italy Milan $5.96
    Denmark Copenhagen $5.93
    Belgium Brussels $5.91
    Sweden Stockholm $5.80
    United Kingdom London $5.79
    Germany Frankfurt $5.57
    France Paris $5.54
    Portugal Lisbon $5.35
    Hungary Budapest $4.94
    Luxembourg $4.82
    Croatia Zagreb $4.81
    Ireland Dublin $4.78
    Switzerland Geneva $4.74
    Spain Madrid $4.55
    Japan Tokyo $4.24
    Czech Republic Prague $4.19
    Romania Bucharest $4.09
    Andorra $4.08
    Estonia Tallinn $3.62
    Bulgaria Sofia $3.52
    Brazil Brasilia $3.12
    Cuba Havana $3.03
    Taiwan Taipei $2.84
    Lebanon Beirut $2.63
    South Africa Johannesburg $2.62
    Nicaragua Managua $2.61
    Panama Panama City $2.19
    Russia Moscow $2.10
    Puerto Rico San Juan $1.74
    Saudi Arabia Riyadh $0.91
    Kuwait Kuwait City $0.78
    Egypt Cairo $0.65
    Nigeria Lagos $0.38
    Venezuela Caracas $0.12"

    CNN/Money: Global gas prices
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Oil rises above $90 amid US crude supply drop

    How much of that is TAX?
    "Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence." - John Adams

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    Re: Oil rises above $90 amid US crude supply drop

    Quote Originally Posted by Prof. Peabody View Post
    How much of that is TAX?
    Exactly, we have some of the lowest gas prices in the world and still people bitch.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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