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Remember when Bush took us to war for his oil buddies?

Whitewing

Well-known member
Gasoline up 100% under Obama

http://www.washingtontimes.com/blog/watercooler/2011/mar/30/gas-prices-double-under-obama/

Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.
 

hypocritexposer

Well-known member
Right-wing media have predictably blamed a recent rise in gas prices on President Obama's energy policies and have called for more offshore drilling, claiming he has allowed America to remain "increasingly dependent" on oil imports from "unstable parts of the world." However, experts agree that it's "not credible" to blame Obama for the gas price spike, offshore drilling would not substantially decrease prices, and U.S. domestic oil production has in fact increased under Obama.

http://mediamatters.org/research/201103310023


“When President Bush took office, gas prices were less than half of what they are today – and oil was less than one-third. Then, seven years ago, President Bush and Vice President Cheney secretly invited executives from the big oil and big energy companies to the White House to write our national energy policy. When we finally uncovered the truth, we discovered – to no surprise – that Big Oil helped write a law that guaranteed them billions and billions of dollars in tax giveaways while they set in motion disastrous economic and environmental policies that have served no one but themselves.”


Sen. Frank Lautenberg (D-NJ)


Oldtimer said:
Lot of local farmer/ranchers are looking at the $2 gas/fuel costs for hauling their cattle out- along with doing their seeding and farming-- and smiling-compared to GW's Oil Cartel buddies energy plan of last year and the $4-$5 fuel that ate up all potential profits-- and would sure like to see a real plan- with some consistency- and not being on the total teat of these foreign and domestic cartels....

a good thread from April 2009

http://ranchers.net/forum/viewtopic.php?t=34204&postdays=0&postorder=asc&highlight=bush+gas+prices&start=0
 

Whitewing

Well-known member
I'll check out that thread Hypo.

I imagine the old windbag will stagger in here any minute now and blast Obama for what oil and gasoline prices have done under his watch.
 

Steve

Well-known member
there is a solution.

but first we must recognize who is keeping US from drilling..

Politicians... who are afraid of a small minority of environmentalists..

all we have to do is pick a day or week and call them up and let them have it..

once their fear of US is greater then their fear of a bunch of wacky environmentalists they will move to lift drilling bans.. and while Obama could veto it.. he could also face the music in 2012

it may be time to "solve" two birds with one stone..
 

Whitewing

Well-known member
As much as I hated to see so many Americans falling for that Hope & Change foolishness, and as much as I feared the damage that would be done by an Obama administration, there has been an upside to it all.

The upside is being able to expose the utter hypocritical nature of those who blamed Bush for everything that went wrong in the world, believed that he was both an idiot and an all-controlling super-natural force at the same time, and who by their written and recorded words describing Bush's powers and evil deeds have demonstrated to us today what total intellectual cripples they really are.

Thank God for archived threads. And we thought it odd that R2 wanted her every written word deleted from this forum. :lol:
 

Steve

Well-known member
Whitewing said:
As much as I hated to see so many Americans falling for that Hope & Change foolishness, and as much as I feared the damage that would be done by an Obama administration, there has been an upside to it all.

The upside is being able to expose the utter hypocritical nature of those who blamed Bush for everything that went wrong in the world, believed that he was both an idiot and an all-controlling super-natural force at the same time, and who by their written and recorded words describing Bush's powers and evil deeds have demonstrated to us today what total intellectual cripples they really are.

Thank God for archived threads. And we thought it odd that R2 wanted her every written word deleted from this forum. :lol:

is eating ones' own words as dry and unpalatable as eating crow?
 

Whitewing

Well-known member
Steve said:
Whitewing said:
As much as I hated to see so many Americans falling for that Hope & Change foolishness, and as much as I feared the damage that would be done by an Obama administration, there has been an upside to it all.

The upside is being able to expose the utter hypocritical nature of those who blamed Bush for everything that went wrong in the world, believed that he was both an idiot and an all-controlling super-natural force at the same time, and who by their written and recorded words describing Bush's powers and evil deeds have demonstrated to us today what total intellectual cripples they really are.

Thank God for archived threads. And we thought it odd that R2 wanted her every written word deleted from this forum. :lol:

is eating ones' own words as dry and unpalatable as eating crow?

Apparently copious quantities of distilled spirits not only make the crow go down, it also gives one the luxury of totally forgetting one's past foolish rants and absolves one of all shame. A true win-win situation. :D
 

Tex

Well-known member
Having a little experience from the oil industry......


Prices are way up now because of two or three main reasons:

1) Speculation of two and three and four

2) The mid east is in political turmoil

3) We are past peak oil and don't have the easy reserves we once had in the U.S.

4) Uncertainty over how supply and demand match up



It will only get worse unless we make some real breakthroughs on oil finds or alternatives no matter who is president. Nuclear seems to have problems we are all seeing today. We have a nuclear reactor right on the coast like the on in Japan near San Louis Obispo. It is just as vulnerable as the one in Japan to a tectonic shift that is historically due, possibly off the West Coast.

One of the largest quakes we had in the continental U.S. was the quake on the New Madrid Fault line:

http://www.greatdreams.com/madrid.htm

So if you think not being in California will save you from natural disasters, think again.

The last really big one reportedly made the Mississippi River flow backwards for three days.



Earthquake history

The zone had four of the largest North American earthquakes in recorded history, with moment magnitudes estimated to be as large as 8.0, all occurring within a three-month period between December 1811 and February 1812. Many of the published accounts describe the cumulative effects of all the earthquakes (known as the New Madrid Sequence); thus finding the individual effects of each quake can be difficult. Magnitude estimates and epicenters are based on interpretations of historical accounts and may vary.

The earthquake reportedly made bells ring in Virginia and could be felt in New York City.

Tex
 
A

Anonymous

Guest
Tex said:
Having a little experience from the oil industry......


Prices are way up now because of two or three main reasons:

1) Speculation of two and three and four

2) The mid east is in political turmoil

3) We are past peak oil and don't have the easy reserves we once had in the U.S.

4) Uncertainty over how supply and demand match up



It will only get worse unless we make some real breakthroughs on oil finds or alternatives no matter who is president. Nuclear seems to have problems we are all seeing today. We have a nuclear reactor right on the coast like the on in Japan near San Louis Obispo. It is just as vulnerable as the one in Japan to a tectonic shift that is historically due, possibly off the West Coast.

One of the largest quakes we had in the continental U.S. was the quake on the New Madrid Fault line:

http://www.greatdreams.com/madrid.htm

So if you think not being in California will save you from natural disasters, think again.

The last really big one reportedly made the Mississippi River flow backwards for three days.



Earthquake history

The zone had four of the largest North American earthquakes in recorded history, with moment magnitudes estimated to be as large as 8.0, all occurring within a three-month period between December 1811 and February 1812. Many of the published accounts describe the cumulative effects of all the earthquakes (known as the New Madrid Sequence); thus finding the individual effects of each quake can be difficult. Magnitude estimates and epicenters are based on interpretations of historical accounts and may vary.

The earthquake reportedly made bells ring in Virginia and could be felt in New York City.

Tex

Yep- Tex-- and as all the executives in the energy industry testified in the last oil prices hearings a few years ago-- until we get a "long term" energy plan on the lawbooks- and commitment laying out a direction and timeline on energy and the enviroment over the next 100 years- you will never get any major long term investment in energy production.....
And with the current partisan politics taking precedence over what is good for the country- I don't really blame them......
 

Whitewing

Well-known member
Oldtimer said:
until we get a "long term" energy plan on the lawbooks- and commitment laying out a direction and timeline on energy and the enviroment over the next 100 years- you will never get any major long term investment in energy production.....

Now you see OT, that sounds like you just talking out of your rear end.

Do you have any idea of the lead times it takes to produce oil from the outer continental self.....especially from deep water? Do you have any idea the money that has to be spent before the first drop of oil can be produced from one of those reservoirs? Heck, do you have any idea of the money that is spent by oil and gas producers just to be given the opportunity to fail at finding hydrocarbons on an offshore lease?

It's enormous.
 

Steve

Well-known member
3) We are past peak oil and don't have the easy reserves we once had in the U.S.

there is a huge difference between not having and not having access to.

with the current offshore bans, the federal land bans and huge swathes of the country off limits.. making the easy oil off limits as well..

and more land and offshore areas are banned every year... (especially in the last two years)

so if there is no economically viable oil left, why ban these areas?
 

hypocritexposer

Well-known member
Whitewing said:
Oldtimer said:
until we get a "long term" energy plan on the lawbooks- and commitment laying out a direction and timeline on energy and the enviroment over the next 100 years- you will never get any major long term investment in energy production.....

Now you see OT, that sounds like you just talking out of your rear end.

Do you have any idea of the lead times it takes to produce oil from the outer continental self.....especially from deep water? Do you have any idea the money that has to be spent before the first drop of oil can be produced from one of those reservoirs? Heck, do you have any idea of the money that is spent by oil and gas producers just to be given the opportunity to fail at finding hydrocarbons on an offshore lease?

It's enormous.


He's just parroting obama's fallacies. He and obama mustn't understand the investment that goes into exploration and then development, to reach the production stage.

It's a big conspiracy that the Oil companies leave the leases vacant until they can generate a bigger profit margin. Even in a time of record oil price.


Oldtimer said:
Sandhusker said:
Can you address the damn question?

I did- they are not even using the land/oil available- What good does it do to expand the area if they aren't going to do anything anyway until they get the price up to where they are raping and pillaging us again.. :???:

Better to work to reduce our dependency- and be able to someday give them the proverbial finger !!!



“I’ve directed the Interior Department to determine just how many of these leases are going undeveloped and report back to me within two weeks so that we can encourage companies to develop the leases they hold and produce American energy,” Obama told reporters gathered at the White House for the address.




“The process of looking at an area that might have oil and gas potential and narrowing your search over time and over a sequence of steps to actually producing oil and gas involves kind of casting a big net first and over time through geologic work,” analyst Richard Ranger said. “You prioritize some over others, you may be lucky on those first ones you drill, you may not — then you drill prospects further down your priority list.”

http://www.leftlanenews.com/obama-to-oil-companies-use-leases-to-drill-more.html
 

hypocritexposer

Well-known member
Whitewing said:
Oldtimer said:
until we get a "long term" energy plan on the lawbooks- and commitment laying out a direction and timeline on energy and the enviroment over the next 100 years- you will never get any major long term investment in energy production.....

Now you see OT, that sounds like you just talking out of your rear end.

Do you have any idea of the lead times it takes to produce oil from the outer continental self.....especially from deep water? Do you have any idea the money that has to be spent before the first drop of oil can be produced from one of those reservoirs? Heck, do you have any idea of the money that is spent by oil and gas producers just to be given the opportunity to fail at finding hydrocarbons on an offshore lease?

It's enormous.



Provincial coffers swelled by another $200 million on Wednesday after the Alberta government hosted another record-breaking auction of oil and gas and oilsands rights that set a new high water mark for land sales in a fiscal year.

Oil and gas producers spent $189.19 million to buy 109,000 hectares of conventional mineral leases and drilling rights a an average price of $1,741 a hectare. A separate offering of oilsands leases added another $11 million to the total.

It was the largest land sale of 2011 and the second-largest since an auction last July brought in $452 million. A similar sale two weeks ago brought in $160 million to push the total for the fiscal year that ends March 31 to $2.66 billion, which Energy ministry representatives said is a record for conventional oil and gas rights in the province.

Read more: http://www.calgaryherald.com/business/Huge+Alberta+land+sale+sets+fiscal+year+record+billion/4492643/story.html#ixzz1IEwNrdd9
 
A

Anonymous

Guest
Well - I don't know about the Louisiana gulf or whatever you folks live in--but up here there are thousands of acres of private owned deeded land that has been leased for mineral exploration that is not only in the Williston Basin Gas field but the Bakken Oil field... And the number one comment you get when you ask any of the folks in the know why they aren't drilling/producing more- the same answer-- not enough rigs have been built- and no economical means of transportation (pipelines)......Which they say will take a major long term investment...

Same thing with the coal- and the coal generators- since the countries power grid has not been kept up to date- there is no means of transmitting the power to where it is needed-- without a major long term investment---- which during those hearings all the Energy folks testified they were not willing to do until they were sure that Government wouldn't put them out of business....
 

Whitewing

Well-known member
Oldtimer said:
Well - I don't know about the Louisiana gulf or whatever you folks live in--but up here there are thousands of acres of private owned deeded land that has been leased for mineral exploration that is not only in the Williston Basin Gas field but the Bakken Oil field... And the number one comment you get when you ask any of the folks in the know why they aren't drilling/producing more- the same answer-- not enough rigs have been built- and no economical means of transportation (pipelines)......Which they say will take a major long term investment.......

Rigs fit into the business model of DRILLERS, not oil & gas producers. I always loved how Halliburton (believe it was once run by Cheney) was typically talked about like it was an oil company. It's not, it's a service company.

There's leased properties all over the US that's not yet drilled for all sorts of reasons....the two major would be cash flow and a lack of rigs. Pipeline companies (again, not oil & gas producers) aren't going to run a pipeline until there's sufficient production to justify it. How does one get sufficient production in an area to transport oil and gas when there's no pipeline? Well, one must get a permit to produce the oil and typically FLARE the gas that's produced with it. Ya think that's easy these days?

It's a vicious cycle of trying to get all the players together at the same time...all-the-while prices are all over the place. When I got into the oil business the cycles were at about 3 years. Before that it was about 5 year cycles. When I left the oilfield the cycles were at about 18 months. It was a roller coaster.

I'm amazed that the oil industry in this country, ONE OF THE BEST IN THE WORLD, has managed to get done what it's gotten done with so much pricing flucuation.

And finally, in reference to some of what Hypo said, I often heard some wise old farmer commenting...".yeah, they're not drilling my place, or they have that well they drilled on my place capped until prices go up."

BS!

EVERY well site I ever visited, and I visited a pile of 'em, the conditions were the same........do everything possible to get this thing on line as fast as possible to pay for it and generate cash flow for the company.
 

hypocritexposer

Well-known member
Oldtimer said:
And the number one comment you get when you ask any of the folks in the know why they aren't drilling/producing more- the same answer-- not enough rigs have been built- and no economical means of transportation (pipelines)......Which they say will take a major long term investment...


Montana typically has about 8-9 rigs compared to N. Dakota's 154. Couldn't be that there is more potential production in N. Dakota?

What are the royalities like, or regulations?

Because the number of rigs working in other states has increased significantly since last year.



January 10, 2011 01:02 PM Eastern Daylight Time
NGI's Shale Daily Rig Count Shows Yearly 100-200% Hikes in Oil/Liquids Basins, NGI Reports

DULLES, Va.--(BUSINESS WIRE)--Overall drilling in U.S. shale basins has increased 38% from a year ago, led by 100-200% jumps in oil and liquids rich natural gas plays such as the Niobrara in Colorado and southern Wyoming (200%), the Eagle Ford in South Texas (126%) and the Bakken in North Dakota and Montana (105%), according to a shale basin rig count compiled by NGI's Shale Daily. U.S. Shale and tights sands rigs at work overall increased to 942 rigs compared to 684 a year ago.

http://www.businesswire.com/news/home/20110110006509/en/NGIs-Shale-Daily-Rig-Count-Shows-Yearly



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Faster horses

Well-known member
For one thing, Montana is anti-business.

There is a lot of hoops to jump through when working with oil
people and pipelines in Montana. Thanks to the greenies.
They are well-heard in this state. Not so much in ND and Wyoming.
 

Whitewing

Well-known member
OldHotAir said:
What good does it do to expand the area if they aren't going to do anything anyway until they get the price up to where they are raping and pillaging us again..

Like ranchers, like trucking companies, like every other business in the US, oil & gas producers have to manage to survive regardless of what prices do.....and like ranchers, trucking companies, and most every other business in the country, they have no control over the value of their product.

And I'll bet if you looked at the profit margins of oil & gas producers over a period of time, they'd fall right in line with most other businesses.
 

hypocritexposer

Well-known member
Faster horses said:
For one thing, Montana is anti-business.

There is a lot of hoops to jump through when working with oil
people and pipelines in Montana. Thanks to the greenies.
They are well-heard in this state. Not so much in ND and Wyoming.


Hmmm, I wonder if there's anything to be done to get around that problem?

:lol: :lol:

speaking of long term investment.......



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