I'm Beginning To Wonder About George Bush

Discussion in 'Free Speech Alley' started by G_MAN113, Aug 17, 2005.

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  1. NoLimitMD

    NoLimitMD Founding Member

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    Linking policy and campaign contributions is a conspiracy theory now? I always thought it was just good business and bad politics.
     
    NoLimitMD, Aug 23, 2005
    #81
  2. JSracing

    JSracing Founding Member

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    It could be good politics, depends on the outcome. but usually bad.
     
    JSracing, Aug 23, 2005
    #82
  3. red55

    red55 curmudgeon Staff Member

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    That explains your industry bias. You will be making record profits in the next few decades as demand soars. The oil business looks great to you.

    I helped design the National Pipeline Mapping System among other oil and gas research and development projects. I'm kind of biased toward the geologic and energy statistical trends.

    Not yet, but the resource is finite and you know it. Nothing you have posted contradicts the essential fact that oil reserves are declining in the face of rapidly rising demand. The curves are real. Peak Oil is real and it is upon us. It won't happen instantly, but steadily increasing demand and less production will increasingly lead to higher prices and lower availablility as time goes on.
     
    red55, Aug 23, 2005
    #83
  4. JSracing

    JSracing Founding Member

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    REd explain to me how I'll be making record profits? also explain to me how anything I said was "industry bias"? I do electronics work RED, I could work in any industry, I could care less about gas profits. You don't really believe they pass all those gains down do you? If they did I wouldn't need a contract automation company as a side line now would I?


    RED all resources are finite. Dirt is finite, air is finite, water is finite. Also steadily increasing demand = more production, you have that backwards.

    Do you have any clue as to how much natural gas is wasted daily by being released into the atmosphere?

    It's abundant, but the companys pi$$ and moan, sometimes legitamately, about the "cost" of getting it to market. The latest energy trend is blame the EPA. Oil companies used to hate the EPA, now they love it. They can blame production costs on EPA and jack the price. natural gas prices go from 6 to 9 bucks a cubic ft.

    When the price goes up the companys love it because FERC ( federal energy regulatory commision ) lets them re-coup or pass the cost of transporting fuel or gas on to the customer. In otherwords, pay twice. You see they already own the fuel, it costs them nothing to get it to market.

    Gas compressor horsepower runs on natural gas, if you track the amount each engine burns and subtract that from the total transport, then charge the customer for that gas, which he never took delivery of, well you see how sweet it can be? works the same with oil. It's all legal and has been going on well before GWB. matter of fact it's been going on for several decades.


    you just lack an inside view, you been reading too many doomsday authors.

    sure it's gonna run out.. one day. but then again the sun will burn out one day so they say.
     
    JSracing, Aug 23, 2005
    #84
  5. red55

    red55 curmudgeon Staff Member

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    It was the collective you. I should have said ya'll. The oil and gas industry is going to be extremely profitable in the coming decades was my point.

    Dirt and water is not being depleted, my friend. They have finite amounts, but they are not finite as a resource. They can be reused. It is important to understand that fossil fuels are a non-renewable resource.

    Just how long do you estimate that production can keep up with demand in the face of declining reserves? The crisis that is coming will not happen suddenly but it will be steady and international economies are going to be greatly affected within 50 years.

    You'd be surprised. Still, this does not affect the fact that natural gas prouction in the US is declining. We are already the biggest importer of natural gas on the planet, mostly from Canada,and they too, are declining. What else do you think the reason is for the US starting to build dozens of giant LNG (Liquid Natural Gas) port facilities around the country? Because we are going to have to import very expensive gas from Russia and South America, where they still have large reserves.

    Thus affirming my initial statement, the industry is going to be very profitable through the fuel crisis.

    Well, I'm actually been reading energy research data and conducting field investigations involving transmission pipelines. My bias may be academic, but it ain't based on popular stories.

    This is true, of course. But it's a matter of perspective.

    Oil will be depleted on the planet earth in about 125 years.
    The sun will burn out in about 5 billion years.
     
    red55, Aug 24, 2005
    #85
  6. Contained Chaos

    Contained Chaos Don't we all?

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    I heard on Walton & Johnson this morning that the industry made as much in the past 3 months as they did all of the previous year.
     
    Contained Chaos, Aug 24, 2005
    #86
  7. SabanFan

    SabanFan The voice of reason

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    Yeah. Billy Ed Hatfield is a prime source for news.
     
    SabanFan, Aug 24, 2005
    #87
  8. Contained Chaos

    Contained Chaos Don't we all?

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    Yeah, they're so well known for just making up random thoughts and blurting them out. I guess it's all a part of the vast, left-wing conspiracy, eh? Certainly the oil industry isn't collecting record profits as the price of oil has continually surpassed it's own record. That doesn't make any sense.

    Your compulsion to discredit anything I ever say is pathetic, especially given the perpetual absence of any refuting evidence.
     
    Contained Chaos, Aug 24, 2005
    #88
  9. TigerWins

    TigerWins Founding Member

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    Speaking of price fixing, Hawaii has become the first state to limit gasoline prices...

    Hawaii will begin enforcing a cap on the wholesale price of gasoline next week, hoping to curb the sting of the nation's highest gas costs.

    The limit would be the first time a state has capped the price of gasoline — a move critics warn could lead to supply shortages.

    But many Hawaii residents are just looking for some relief from soaring costs.

    "The gas prices that are continuing to go up — how am I supposed to afford it?" Nathan Slenk, a 25-year-old student at Kapiolani Community College (search), said as he pumped regular unleaded gas into his black sedan for $2.79 a gallon in Honolulu.

    On Wednesday, the average retail price of regular unleaded in Honolulu was at a record $2.761, some 15 cents above the nationwide average. Prices on Maui have already topped $3 a gallon this week. Statewide, prices average $2.84, the highest in the nation, according to AAA's Web site.

    The state Public Utilities Commission (search) said the initial price ceiling is due to take effect Sept. 1. Wholesalers may not charge more than about $2.74 including taxes in Honolulu for a gallon of regular unleaded. The commission set separate price caps for other islands.

    If retailers keep their usual 12-cent-per-gallon markup, prices for regular unleaded in Honolulu could in theory rise to about $2.86 a gallon.

    The ceilings will be in effect through Sept. 4. The following week, the commission will announce a new set of caps.

    The 2004 law passed by the Legislature that authorized the caps was intended to force Hawaii's two refiners, Chevron Corp. and Tesoro Corp., to set their wholesale prices closer to mainland rates. Proponents of the law said the refiners were taking advantage of the small, isolated market to charge exorbitant prices.

    The full story ... Fox News
     
    TigerWins, Aug 25, 2005
    #89
  10. Mystikalilusion

    Mystikalilusion Founding Member

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    Yeah, let's see who's laughing last when BP, ExxonMobil, etc. inexplicably refuse to sell gas to Hawaii for less than it costs them to purchase it.

    Suddenly, there will be no supply and used car dealerships surplus inventory in Hawaii will skyrocket. Those people's calf muscles will be unbelievable however.
     
    Mystikalilusion, Aug 25, 2005
    #90
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