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Thread: Oil industry worries Libya unrest could spread

  1. #51
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    Oil companies worried? Hardly.
    The oil companies are jumping for joy. Record profits, here they come.
    On a side note I read an excellent article the other day about just that happening, only believe it or not it was for the US EXPORTING its oil to foreign countries in need of oil.

    The Oil Drum | Why are WTI and Brent Oil Prices so Different?

    Econbrowser: Brent-WTI spread

    Also, IMO a very good analysis of the current situation in libya can be found here if anyone is interested:

    Econbrowser: Libya, oil prices, and the economic outlook

  2. #52
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    Carter came up with a plan to make the US energy independant and Reagan scrapped it because oil company profits were dropping.
    Synfuel? That was a ****ing joke. That's why Reagan dumped it. if it had been such a groovy idea, the oil companies would have grabbed it and run with it. Think about it.
    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: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post
    Synfuel? That was a ****ing joke. That's why Reagan dumped it. if it had been such a groovy idea, the oil companies would have grabbed it and run with it. Think about it.
    Here was Carter's energy program: Jimmy Carter: National Energy Program Fact Sheet on the President's Program.
    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 industry worries Libya unrest could spread

    Quote Originally Posted by Catawba View Post
    which dem president dusted it off and ran with it?

  5. #55
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post
    Synfuel? That was a ****ing joke. That's why Reagan dumped it. if it had been such a groovy idea, the oil companies would have grabbed it and run with it. Think about it.
    Reagan scrapped Carters plans because some of his energy policies were driving down oil company profits. Synthetic fuels were just part of it and someday they will be the fuels of the future. The military is already shifting towards it for their future. Do some research.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by USA_1 View Post
    Reagan scrapped Carters plans because some of his energy policies were driving down oil company profits. Synthetic fuels were just part of it and someday they will be the fuels of the future. The military is already shifting towards it for their future. Do some research.
    I just can't ask the question enough: if synfuels are so awesome, why aren't private invetors dumping billions of dollars in investments into them?

    I think there's a disconnect with most Leftists between what will work on a small scale and what is practical and cost effective enough on a large scale. Can you make a diesel pickup run on used cooking oil? Sure you can. Can you produce enough used cooking oil to fuel 20 million diesel pickups? No way.

    The biggest problem with these kinds of energy independence plans, is that they consistantly leave fossil fuels out of the picture.
    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.

  7. #57
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by apdst View Post
    I just can't ask the question enough: if synfuels are so awesome, why aren't private invetors dumping billions of dollars in investments into them?
    Because oil is still relatively cheap and abundant. There is not a lot of profit to be made from synthetic fuels yet. When gas is 10 bucks a gallon the investors will come out of the woodwork.
    I never said they were awesome but someday they will be necessary.

    I am not referring to corn ethanol. That is the biggest scam in this country.
    Last edited by USA_1; 02-26-11 at 12:16 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by washunut View Post
    which dem president dusted it off and ran with it?
    You are right that the Democrats share in the blame. Obama is the first to pick up where Carter left off.
    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

  9. #59
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    Re: Oil industry worries Libya unrest could spread

    Quote Originally Posted by Catawba View Post
    You are right that the Democrats share in the blame. Obama is the first to pick up where Carter left off.
    Clinton fell into the cheap oil trap. Gas was only 99 cents a gallon when he left office. Energy was not a high priority for him.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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