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Oil rises above $90 amid US crude supply drop

j-mac said:
It's all energy is it not?


is not natural gas drilling a by product of oil drilling?
j-mac
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In some cases, but not necessarily. I wasn't disputing the fact that it's all energy, I was disputing your claim that BWG was being dishonest.
 
StillBallin75 said:
In some cases, but not necessarily. I wasn't disputing the fact that it's all energy, I was disputing your claim that BWG was being dishonest.
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He is in a manner of speaking. By trying to promote numbers that are questionable as to the overall outlook on energy exploration, and extraction in this country, he is being at the least disingenuous when he tries to say that drilling is up.

Obama/Biden have a declared policy of killing the current sources, and methods of energy in favor of some utopian wet dream of alternate resource that is at present not known or developed. Meanwhile, the people that libs love to say they are on the side of, the working man like you and I, get squeezed from both ends.

Look, I like the idea of coming up with less harmful, cleaner energy sources just as much as the next guy, but until we have that proven, and affordable for the country, we must do more of what is in place now. And that includes opening up more oil, coal, and natural gas resource.


j-mac
 
Doesnt it irk liberals that obama just gave 2 billion to brazil to drill for oil and do some drilling right off our coast. So were creating jobs for brazilians now not just chinese and mexicans. Gimme a break.
We need to drill in the gulf <where I live btw> and anwar and anywhere else there is an abundance of domestic oil. It just makes SENSE.
We should pursue the alternatives but cmon be honest liberals any viable alternative energy source that will serve the mass's is generations away and you know it.
Ethanol the biggest bamboozle in environazis history...all its done is drive the price of FOOD sky high its done zero for lessening oil dependence.

We need to drill here and drill now...we need to build more refineries while we continue to try and find an alternative energy source to oil that will actually work and we can actually afford...
 
lpast said:
Doesnt it irk liberals that obama just gave 2 billion to brazil to drill for oil and do some drilling right off our coast. So were creating jobs for brazilians now not just chinese and mexicans. Gimme a break.
We need to drill in the gulf <where I live btw> and anwar and anywhere else there is an abundance of domestic oil. It just makes SENSE.
We should pursue the alternatives but cmon be honest liberals any viable alternative energy source that will serve the mass's is generations away and you know it.
Ethanol the biggest bamboozle in environazis history...all its done is drive the price of FOOD sky high its done zero for lessening oil dependence.

We need to drill here and drill now...we need to build more refineries while we continue to try and find an alternative energy source to oil that will actually work and we can actually afford...
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Absolutely! Living in FL, it must really piss you off knowing that China is going to drill a mere 90 miles from Key West....Probably slant drill, so they'll be stealing our oil.

j-mac
 
j-mac said:
Absolutely! Living in FL, it must really piss you off knowing that China is going to drill a mere 90 miles from Key West....Probably slant drill, so they'll be stealing our oil.

j-mac
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It's our oil? Really?
Did you know that US oil companies drill all over the world?
 
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USA_1 said:
It's our oil? Really?
Did you know that US oil companies drill all over the world?
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Clouding the issue are you? We are talking about domestic sources at this moment....

j-mac
 
j-mac said:
Clouding the issue are you? We are talking about domestic sources at this moment....

j-mac
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You do know that oil is a global market, right? If China can't produce the oil they need, world prices will rise.
 
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USA_1 said:
You do know that oil is a global market, right?
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Ofcourse, and if we were to announce that we were going to explore our own resources what do you think would happen to global prices?

If China can't produce the oil they need, world prices will rise.
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China is doing just fine....They certainly aren't restricting themselves are they now? In fact, I think only we, the US are doing that.

j-mac
 
j-mac said:
Ofcourse, and if we were to announce that we were going to explore our own resources what do you think would happen to global prices?

j-mac
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Change would be negligible. Everyone knows how much oil we have and it's not that much. Do you honestly believe the US is not exploring our own resources? Nobody is that dumb, are they?
The way China is going they are not fine.

Our problem is we use too much oil.
 
USA_1 said:
Change would be negligible. Everyone knows how much oil we have and it's not that much. Do you honestly believe the US is not exploring our own resources? Nobody is that dumb, are they?
The way China is going they are not fine.

Our problem is we use too much oil.
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You are in direct opposition to what the experts say.

j-mac
 
USA_1 said:
It's our oil? Really?
Did you know that US oil companies drill all over the world?
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Yeah, and they don't pay a penny to the countries they are drilling in right ???? :roll:
 
USA_1 said:
The highest estimate of recoverable reserves in the Bakken is 24 billion barrels. Since we use 7 billion barrels a year how does that give us centuries of oil?
You right wing extremists, living in a world of faith, devoid of all reality are the re reason we are in this energy mess.
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Estimate that could be wrong

About Oil Shale

While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
 
How many US drilling rigs are sitting idle right now because they have no place to drill?
 
ptif219 said:
Estimate that could be wrong

About Oil Shale

While oil shale is found in many places worldwide, by far the largest deposits in the world are found in the United States in the Green River Formation, which covers portions of Colorado, Utah, and Wyoming. Estimates of the oil resource in place within the Green River Formation range from 1.2 to 1.8 trillion barrels. Not all resources in place are recoverable; however, even a moderate estimate of 800 billion barrels of recoverable oil from oil shale in the Green River Formation is three times greater than the proven oil reserves of Saudi Arabia. Present U.S. demand for petroleum products is about 20 million barrels per day. If oil shale could be used to meet a quarter of that demand, the estimated 800 billion barrels of recoverable oil from the Green River Formation would last for more than 400 years1.
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You do know oil shale is not oil, right?

You must heat two metric tons of shale to 700 degrees to produce one bbl of low grade synthetic crude and it takes three bbls of water to produce it.


Coal liquification and compressed natural gas are much more promising than oil shale.
 
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USA_1 said:
You do know oil shale is not oil, right?

You must heat two metric tons of shale to 700 degrees to produce one bbl of low grade synthetic crude and it takes three bbls of water to produce it.


Coal liquification and compressed natural gas are much more promising than oil shale.
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Is there a shortage of heat, or water?


j-mac
 
USA_1 said:
How many US drilling rigs are sitting idle right now because they have no place to drill?
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None, they all left for places they could drill, but they aren't here either.


j-mac
 
j-mac said:
None, they all left for places they could drill, but they aren't here either.


j-mac
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Right. They are all drilling for oil to add to the global market. And it proves there are still plenty of places to drill. Your arguments are a bunch of crap.

http://www.wtrg.com/rotaryrigs.html

There are 362 more rigs targeting oil than last year. Year-over-year oil exploration in the U.S. is up 74.0 percent
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USA_1 said:
Weapons are about the only thing we do sell them. Balance of trade is the most important issue. They are growing wealth while we are losing it. w
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our balance of trade with arab oil nations should be zero to zero.....
 
j-mac said:
It's all energy is it not?


is not natural gas drilling a by product of oil drilling?

j-mac
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Natural gas is the ONLY alternative to oil based transportation fuels.....
 
UtahBill said:
Natural gas is the ONLY alternative to oil based transportation fuels.....
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Bill my problem with Natural gas is twofold, one it has to be more dangerous to use than gasoline and they raise gas prices through the roof when oil goes up just because they can...they are under none of the price manipulations of oil...opec, output, natural disasters etc...they just raise it up because they can
 
USA_1 said:
Change would be negligible. Everyone knows how much oil we have and it's not that much. Do you honestly believe the US is not exploring our own resources? Nobody is that dumb, are they?
The way China is going they are not fine.

Our problem is we use too much oil.
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I would say we waste too much oil.....if we have a need for it, we should use it. But nobody NEEDS to drive a gas guzzler 4x4 3/4 or 1 ton truck that never goes off road.... yet there are so many of them..
 
j-mac said:
Is there a shortage of heat, or water?


j-mac
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The states listed in the oil shale area are not known for an abundance of water. The power needed to heat the oil could come from nuclear power plants, or better yet, the residual heat from spent nuclear fuel rods........
 
lpast said:
Bill my problem with Natural gas is twofold, one it has to be more dangerous to use than gasoline and they raise gas prices through the roof when oil goes up just because they can...they are under none of the price manipulations of oil...opec, output, natural disasters etc...they just raise it up because they can
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Price isn't the important issue,, availability is the issue...if we need it, we will pay whatever price we must.
Yes, we can't let untrained people fill their own natural gas tanks. But if we just had our trucking industy using CNG, it would save all that fuel for use in cars. Come to think of it, we could probably build train engines that run on CNG, since the diesel electric trains just use the diesel to make electricity.
 
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UtahBill said:
I would say we waste too much oil.....if we have a need for it, we should use it. But nobody NEEDS to drive a gas guzzler 4x4 3/4 or 1 ton truck that never goes off road.... yet there are so many of them..
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Or driving their kid to school a half mile away.
 
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