View Poll Results: Should we temporarily subsidize domestic oil shale production in response to OPEC?

Voters
35. You may not vote on this poll
  • Yes, if prices drop too low we should.

    6 17.14%
  • No.

    29 82.86%
Page 3 of 8 FirstFirst 12345 ... LastLast
Results 21 to 30 of 72

Thread: Should we temporarily subsidize oil shale production in response to OPEC

  1. #21
    Iconoclast
    DaveFagan's Avatar
    Join Date
    Mar 2011
    Location
    wny
    Last Seen
    Yesterday @ 11:00 PM
    Lean
    Conservative
    Posts
    7,299

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by SouthernDemocrat View Post
    OPEC is currently using their market power to engage in a price war with the United States in the hopes that it will put our tight oil suppliers out of business. If oil prices drop to a point that oil shale production is no longer profitable (below 60 dollars a barrel), do you think the United States should temporarily subsidize producers in order to keep that production and all of the infrastructure supporting it online for when oil prices inevitably rise again?

    Oil prices keep plummeting as OPEC starts a price war with the US - Vox
    Absolutely not! The huge Energy Corporations have conspired to prevent Renewable Energy Initiatives and Energy Conservation projects in the USA. I realize that from their point of view it is good business. Once again, it is what is good for Corporations is bad for humans. We should have ended our realiance on OPEC crude decades ago, but allowed Big Energy to influence the policies that prevented it. This really just troubles the Frackers as the Exxon/Mobils and Chevrons make just as much with refining and distribution and transportation. The banks that they rest their profits in do well also.

  2. #22
    Guru
    Declan's Avatar
    Join Date
    Nov 2014
    Last Seen
    03-03-17 @ 04:36 PM
    Gender
    Lean
    Progressive
    Posts
    4,670

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by SouthernDemocrat View Post
    You realize you just linked to an article warning of a crash in domestic production if OPEC keeps prices low?? The problem is that if oil prices stay low then future projects will be mothballed. Oil shale needs constant investment in future production to stay viable. Tight oils peak fast, you can't just drill a well like they do in Saudi Arabia and draw off it for years.
    No "crash" just because some shale companies go under. It is how the market works. The winners win and the losers lose. All oil needs "constant investment". Crap breaks. An offshore platform alone costs billions of dollars. These are all risks of investment.

  3. #23
    A sinister place...
    OrphanSlug's Avatar
    Join Date
    Sep 2011
    Location
    Atlanta
    Last Seen
    08-08-17 @ 02:44 PM
    Gender
    Lean
    Independent
    Posts
    10,860

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    No, we should not subsidize shale oil production at any point. The main reason is the oil industry already has a series of complications allowing for prices to experience the sways that we have seen just this year, let alone historically.

    This is something that eventually will even out in the coming month's oil settlement dates somewhere in Q1 or Q2 of 2015. We can hope in the process put to bed some of the theories on why OPEC made the move, when it appears as of today the underline reason was so OPEC could defend their market share in consideration of their break even price in response to shale oil production's break even price.

    Besides, the Oil Industry in the US gets a series of tax breaks and I see little reason to add a subsidy into the mix.
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

  4. #24
    Phonetic Mnemonic
    radcen's Avatar
    Join Date
    Sep 2011
    Location
    Look to your right... I'm that guy.
    Last Seen
    Today @ 12:11 AM
    Lean
    Centrist
    Posts
    33,413

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by SouthernDemocrat View Post
    OPEC is currently using their market power to engage in a price war with the United States in the hopes that it will put our tight oil suppliers out of business. If oil prices drop to a point that oil shale production is no longer profitable (below 60 dollars a barrel), do you think the United States should temporarily subsidize producers in order to keep that production and all of the infrastructure supporting it online for when oil prices inevitably rise again?

    Oil prices keep plummeting as OPEC starts a price war with the US - Vox
    I'd be against such a move anyway, but even if it did make good economic sense, I also know that subsidies are like taxes in that once started "temporary" morphs into permanent.
    If you claim sexual harassment to be wrong, yet you defend anyone on your side for any reason,
    then you are a hypocrite and everything you say on the matter is just babble.

  5. #25
    Student
    Join Date
    Apr 2011
    Last Seen
    10-09-17 @ 03:37 PM
    Gender
    Lean
    Independent
    Posts
    290

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    No to the suggestion to subsidize the oil producers.
    Prices and exploration should follow the market.
    OPEC is a house divided and not much of a threat.

  6. #26
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 06:42 PM
    Gender
    Lean
    Conservative
    Posts
    76,306

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Where's all that oil we stole in the War for Oil? I'm disappointed.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  7. #27
    Sage
    mak2's Avatar
    Join Date
    Jul 2012
    Location
    Indiana
    Last Seen
    07-08-16 @ 01:58 AM
    Gender
    Lean
    Undisclosed
    Posts
    12,050

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    It is in the giant worldwide bucket of oil that effects worldwide oil prices.
    Quote Originally Posted by American View Post
    Where's all that oil we stole in the War for Oil? I'm disappointed.
    God Bless the Marine Corps.

  8. #28
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 06:42 PM
    Gender
    Lean
    Conservative
    Posts
    76,306

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by mak2 View Post
    It is in the giant worldwide bucket of oil that effects worldwide oil prices.
    Bull****, we fought that war for oil, is what I heard. Now we're suppose to reap the benefits.

    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #29
    Sage
    mak2's Avatar
    Join Date
    Jul 2012
    Location
    Indiana
    Last Seen
    07-08-16 @ 01:58 AM
    Gender
    Lean
    Undisclosed
    Posts
    12,050

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    A friend of mine spent his whole life in the oil buisness. He told me once over a couple of beers to look at the world wide oil supply as a big bucket. It dont mean diddly where it comes from, it just matters how much is in the bucket. The only costs added are transportation costs, it has to be refined no matter what. The US could very eaisly and probably is manipulating the oil supply in one way or another. It does not have to come here to effect our supply. By the way, try not to call BS on stuff you dont have the most basic understanding of.
    Quote Originally Posted by American View Post
    Bull****, we fought that war for oil, is what I heard. Now we're suppose to reap the benefits.

    God Bless the Marine Corps.

  10. #30
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Yesterday @ 06:42 PM
    Gender
    Lean
    Conservative
    Posts
    76,306

    Re: Should we temporarily subsidize oil shale production in response to OPEC

    Quote Originally Posted by mak2 View Post
    A friend of mine spent his whole life in the oil buisness. He told me once over a couple of beers to look at the world wide oil supply as a big bucket. It dont mean diddly where it comes from, it just matters how much is in the bucket. The only costs added are transportation costs, it has to be refined no matter what. The US could very eaisly and probably is manipulating the oil supply in one way or another. It does not have to come here to effect our supply. By the way, try not to call BS on stuff you dont have the most basic understanding of.
    You don't pick up on sarcasm easily, do you?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

Page 3 of 8 FirstFirst 12345 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •