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Paul98 CH.com Alumnus Offline What, it's all in my head? Posts: 2532 Clyde, NY USA Gender:	Drill here, drill now, pay less... May 30^th, 2008 at 3:19pm Want to sign? I did! Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or -P.
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Jonny Ex Member	Re: Drill here, drill now, pay less... Reply #1 - May 30^th, 2008 at 5:08pm I signed! Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or
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deltadarlin CH.com Alumnus Offline I love YaBB 1G - SP1! Posts: 3823 Downsville LA Gender:	Re: Drill here, drill now, pay less... Reply #2 - May 30^th, 2008 at 6:51pm Signed and sent.
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Paul98

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Re: Drill here, drill now, pay less...
Reply #3 - May 30^th, 2008 at 7:36pm

I firmly believe that there is a very LOUD minority that is blocking energy exploration in the USA. These are the folks that you find with all that extra time on their hands that the majority dosn't seem to have because they are to busy working to feed themselves and put a roof over their head and heating....with oil and gas.

-P.

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Jonny

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Re: Drill here, drill now, pay less...
Reply #4 - May 30^th, 2008 at 8:00pm

Paul98 wrote on May 30^th, 2008 at 7:36pm:

I firmly believe that there is a very LOUD minority that is blocking energy exploration in the USA. .

Yeah, his name is Al Gore, screaming and yelling while sucking up enough energy to equal five families!

Did you see all the bigwigs pull up to the hospital to visit fatboy?......Everyone of them driving an SUV! They dont give a shit, they can afford $15 a gallon gas, but we are suppose to suffer.

John kerry says his five SUV's are not his, "They are owned by my family".....What kind of shit is that?

Fuckin scumbags! Angry

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Paul98

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Re: Drill here, drill now, pay less...
Reply #5 - May 30^th, 2008 at 8:11pm

Quote:

Paul98 wrote on May 30^th, 2008 at 7:36pm:

I firmly believe that there is a very LOUD minority that is blocking energy exploration in the USA. .

Yeah, his name is Al Gore, screaming and yelling while sucking up enough energy to equal five families!

Did you see all the bigwigs pull up to the hospital to visit fatboy?......Everyone of them driving an SUV! They dont give a shit, they can afford $15 a gallon gas, but we are suppose to suffer.

John kerry says his five SUV's are not his, "They are owned by my family".....What kind of shit is that?

Fuckin scumbags! Angry

Um, Bro, I think WE are the ones buying their gas! Don't think for a minute that when they pull up into DC their travel expenses are coming out of their pocket!

Until their nuts start to ache from being squeezed there will be no change.

-P.

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Jonny Ex Member	Re: Drill here, drill now, pay less... Reply #6 - May 30^th, 2008 at 9:41pm Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or
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Kevin_M

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Re: Drill here, drill now, pay less...
Reply #7 - May 30^th, 2008 at 10:36pm

Paul98 wrote on May 30^th, 2008 at 7:36pm:

busy working to feed themselves and put a roof over their head and heating....with oil and gas.

Paul, I am amazed at the hard working people who drive distances to a job hoping for something to change, that this is temporary. People who bought trucks because they love them, now saying it cost a hundred dollars a week to fill.
Between gas and food many are treading into deeper water. Very, very stressful but you're right, not being heard. This can develop more crime, we don't need it increasing in the future but it tends to go with these circumstances if they continue.

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Jonny Ex Member	Re: Drill here, drill now, pay less... Reply #8 - May 30^th, 2008 at 10:41pm Kevin_M wrote on May 30^th, 2008 at 10:36pm: [quote author=142531287D7C440 link=1212175157/0#3 date=1212190583]This can develop more crime, we don't need it increasing in the future but it tends to go with these circumstances if they continue. Yeah, but did you sign the petetion, bro?
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Groov

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Re: Drill here, drill now, pay less...
Reply #9 - May 30^th, 2008 at 10:54pm

I'd drill in my own yard if I thought it would help Paul.
May not happen anytime soon...or ever. But I'd like to see hydrogen or whatever else replace gasoline.

Being a car freak all my life and liking blown big block Chevys that get 3 miles to the gallon, I thought I'd never say it, but we are in trouble and need to do something to replace gasoline.

Wanna see the terrorist types (not that all middle easterners are) go broke & eat sand....cut off their money supply by making their oil worth less. Angry

Cutting off someones money supply will hurt them more than picking them off one by one in a useless war...hit em in the pocketbook.

I dont know how we would go about it or if we even have time left to do it. But I sure would like to see our dependence to oil reduced or eliminated someday.
Cheers, Dave

By the way, slammin' new board layout...even got an eyeball on fire. Wink

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With Metta

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Charlie

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Re: Drill here, drill now, pay less...
Reply #10 - May 31^st, 2008 at 2:21am

John Kerry......it always gets me that the Democrats couldn't come up with a way to beat Geoge Bush in 2004...Unbelieveable! That took some real work.

There were a lot of small wells here....still are. We're not that far from the Drake well. It seems that no matter the source, we're stuck. It's never going to be cheap again.

Do I have to open the You Tube stuff? It can take 45 minutes?

Charlie

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Paul98

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Re: Drill here, drill now, pay less...
Reply #11 - May 31^st, 2008 at 7:34am

Charlie wrote on May 31^st, 2008 at 2:21am:

John Kerry......it always gets me that the Democrats couldn't come up with a way to beat Geoge Bush in 2004...Unbelieveable! That took some real work.

There were a lot of small wells here....still are. We're not that far from the Drake well. It seems that no matter the source, we're stuck. It's never going to be cheap again.

Do I have to open the You Tube stuff? It can take 45 minutes?

Charlie

We have some new small wells going in here too Charlie. These smaller gas wells take 1-3 weeks to drill down ~3000-5000 feet and when done you can drive by them not 50' off the road and not ever realize you passed a gas well. Already the enviros are puting up readblocks to these innocus wells going in.

-P.

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Kevin_M

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Re: Drill here, drill now, pay less...
Reply #12 - May 31^st, 2008 at 7:52am

During the recent hearings, this was remarked:

"We can't drill our way to lower prices," said Sen. Richard Durbin, D-Ill.

I don't know what this is based on but the opportunity to drill has not been absent from oil options.

Here's an interesting story:

Quote:

Exxon Mobil Corp. wants Alaska to pay $800 million in damages, claiming Monday the state breached a deal when it revoked gas and oil leases on a North Slope oil field.

Point Thomson holds nearly one-fourth of the 35 trillion cubic feet of natural gas reserves the state and the industry hope one day to ship in a gas line to Midwestern markets.

Exxon Mobil, BP PLC and Chevron purchased leases 31 years ago allowing them to drill at Point Thomson. However, they have not produced any oil or gas from the tracts.

The lack of activity prompted the state to try to reclaim the leases in late 2006 and give other companies the opportunity to move forward with development at Point Thomson.

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Only after getting the claim revoked did they say a project is in the works that will take about six years. Alaska wants to give others the opportunity -- to drill.

con't, too long.

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Kevin_M

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Re: Drill here, drill now, pay less...
Reply #13 - May 31^st, 2008 at 7:54am

Bakken was discovered in the mid-50's and its center has three layers of shale, formed when the area was covered with fairly deep ocean about 2 miles down. Conventional drilling didn't make sense, at today's prices it does with newer techniques. Should we give Exxon North Dakota so they will do nothing again?

Exxon's return on capital is 23.5%, the average for other major oil and gas companies is 17.7%, the average for Standard and Poor's 500 Index is 10.7%.

If refining it will drag down their return, why drill. Exporting to Asia and back to refine will add maybe nine dollars a barrel.

This was said at the hearings also:

Quote:

Profits have been huge "in absolute terms," conceded J. Stephen Simon, executive vice president of Exxon Mobil Corp., but they "must be viewed in the context of the massive scale of our industry." And high earnings "in the current up cycle" are needed for investments in the long term, including when profits will be down.

Their investments? Here they are:

Quote:

In management's estimation, investing more in exploration and development would not be a sound business decision at this time. Such investments would not generate the high level of return the company targets in its investment decisions.

Could ExxonMobil reinvest more in the business of finding oil? Absolutely.

But ExxonMobil has decided not to.

Instead of investing in projects that don't meet its target for return on investment ExxonMobil continues to buy back stock -- $32.6 billion worth in 2006, $31.8 billion in 2007 and $8 billion in the first quarter of 2008 alone.

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No incentive in constructing if the advantage is only to the buyer -- you and me.

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Callico CH.com Hall of Famer Offline Author of "Stranded at Romson's Lodge Posts: 4916 Aurora IL Gender:	Re: Drill here, drill now, pay less... Reply #14 - May 31^st, 2008 at 11:33am I signed along with my wife. Thanks Paul. Jerry
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Em CH.com Alumnus Offline I wanna go... Posts: 830 St Peter Port, Guernsey. Gender:	Re: Drill here, drill now, pay less... Reply #15 - Jun 1^st, 2008 at 5:54am Here this week, I've seen the price of petrol go up by 5p (10 cents) a litre in 5 days. And diesel is at £1.30 a litre here. It's all gone mad. How are people supposed to afford that?
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Kirk

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Re: Drill here, drill now, pay less...
Reply #16 - Jun 1^st, 2008 at 5:00pm

Drill here, cap the wells. Use up every bit of oil from the OPEC countries we can. Develop whatever alternatives, we clever Americans can figure out. Uncap our wells. And tell the OPEC countries to live on sand like their forefathers did.
Screw the lot of them. Suckem dry like a raisen. In the long run, we still win.
Smiley

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Jonny Ex Member	Re: Drill here, drill now, pay less... Reply #17 - Jun 7^th, 2008 at 5:53pm Have you signed?.....WTF? I guess you will when its $10 a gallon and its to late!!!!!!!!!!!!!!!! Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or
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Charlie CH.com Alumnus Offline Happy to be here Posts: 18971 Jamestown, NY Gender:	Re: Drill here, drill now, pay less... Reply #18 - Jun 7^th, 2008 at 7:56pm Oil was less than 30 dollars a barrel when George Bush took over and had a Republican Congress Charlie
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Paul98

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Re: Drill here, drill now, pay less...
Reply #19 - Jun 7^th, 2008 at 9:08pm

Charlie wrote on Jun 7^th, 2008 at 7:56pm:

Oil was less than 30 dollars a barrel when George Bush took over and had a Republican Congress

Charlie

And when the Dems took over congress and held all the hearings to "get to the bottom" of all this.....Oil went from ~$70/bbl to ~$140.

Charlie, I don't think it makes a bit of difference what party is in office with respect to the price of oil. The price per bbl is the same in the US as it is in Europe, China or Africia. It is the speculators and demand that are driving it. The only way to lower the price is to flood the market so the incentive to speculate is gone and there is no tight supply. More wells and more refineries and put a bounty on finding alternative energy sources like we did for the Manhattan Project.

-P.

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Charlie

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Re: Drill here, drill now, pay less...
Reply #20 - Jun 7^th, 2008 at 10:11pm

Bear in mind that Bush vetoes just about everything sent to him since 2006.

Still, I have to agree that it doesn't seem to matter. It's greed at levels hard to comprehend. If people choose to accept oil companies explanations......well okey dokey. These people are delighted at the price of oil. I wonder just what they would do with a glut. I don't trust anything I get from them.

A Manhattan-type project as well as real development of electric cars wouldn't hurt.

Charlie

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Paul98

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Re: Drill here, drill now, pay less...
Reply #21 - Jun 8^th, 2008 at 12:20am

Charlie wrote on Jun 7^th, 2008 at 10:11pm:

Bear in mind that Bush vetoes just about everything sent to him since 2006.

Still, I have to agree that it doesn't seem to matter. It's greed at levels hard to comprehend. If people choose to accept oil companies explanations......well okey dokey. These people are delighted at the price of oil. I wonder just what they would do with a glut. I don't trust anything I get from them.

A Manhattan-type project as well as real development of electric cars wouldn't hurt.

Charlie

I would bet you would find many in congress have stocks in the oil companys....Both sides of the isle. As long as THEY profit they don't give a hoot about the rest of us.

With regards to eletric; anything that plugs into the grid to recharge is very inefficient. If the source of the generation is hydro than it is not bad but if the source is coal, oil or NG than that KWH of power you put into the car probably started out as 2 KWH at the source in raw fuel.

Maybe the Amish have it right. Wink

...Oh wait a minute, flatulance....can't have that!

-P.

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Kevin_M

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Re: Drill here, drill now, pay less...
Reply #22 - Jun 8^th, 2008 at 12:39am

It looks like things are beginning to happen in the Dakotas but still a couple years away.

Quote:

SD approves new oil pipeline

by Cara Hetland, Minnesota Public Radio
March 12, 2008

The South Dakota Public Utilities Commission has unanimously approved a construction permit for a new oil pipeline.

According to TransCanada, the 2,148-mile Keystone Pipeline will transport crude oil from Alberta to U.S. Midwest markets in Illinois and Oklahoma. The Keystone pipeline will have an initial nominal capacity of 435,000 barrels per day in late 2009 and will be expanded to a nominal capacity of 590,000 barrels per day in late 2010.

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Quote:

North Dakota oil finds a big one

by Dan Gunderson, Minnesota Public Radio
April 11, 2008

The problem has been how to get that oil out of the ground. It's not a pool you drill down to because this oil is in the rocks. But new technology makes it easier to collect that oil.

The USGS study says with todays technology, about 4 billion barrels of oil can be pumped from the Bakken formation.

"We know there's a lot more oil in the Bakken Shale, so does the USGS," Dorgan says. "Under todays technology that cannot be recovered. With tomorrows technology it likely could."

Dorgan says the release of the USGS [U.S. Geological Survey] study should encourage more investment in pipelines, or perhaps a refinery in the state.

Oil companies are already working to drill hundreds of new wells in North Dakota. If oil prices stay high, it's likely the boom in North Dakotas oil patch will continue.

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Quote:

South Dakota voters approve rezoning for oil refinery

by Cara Hetland, Minnesota Public Radio
June 4, 2008

Sioux Falls, S. D. -- Voters in Union County South Dakota supported a plan to rezone 3,300 acres for an oil refinery.

The planned $10 billion refinery is proposed by Hyperion Resources of Texas.

Plans call for construction to begin in the year 2010.

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sailpappy Ex Member	Re: Drill here, drill now, pay less... Reply #23 - Jun 8^th, 2008 at 5:29am This is a boring but insightfull video, check out all 8 or them! John Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or
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M.R. CH.com Alumnus Offline Posts: 598 Grand Rapids, Mi. Gender:	Re: Drill here, drill now, pay less... Reply #24 - Jun 11^th, 2008 at 7:17pm Why the hell would we want to use our own oil. Multimedia File Viewing and Clickable Links are available for Registered Members only!! You need to or This is where I would put the smiley shooting himself in the head if I could find it. Mike
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