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$5 a gallon oil in 2012

This is a discussion on $5 a gallon oil in 2012 within the Energy forums, part of the US Discussion category; We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada. btw what ever happened to those ...


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  #91 (permalink)  
Old 12-28-2010, 03:02 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
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Old 12-28-2010, 03:09 PM
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I dunno have they reduced production causing a shortage?
We have.
We have? the oil supply is low?
Or have "we" reduced refining to raise prices of refined products?

the Hugo gasoline seems to be the same price as the "US" gas does.
CHAMPAIGN, Ill. – The Obama administration's decision to maintain a ban on oil drilling in the eastern Gulf of Mexico and off the Atlantic and Pacific coasts is a mistake, according to a University of Illinois expert who wrote a six-volume book series on marine pollution.

"It's a ridiculous decision on the part of the Interior Department," said John W. Kindt, a professor of business and legal policy at Illinois. "The previous 180-day moratorium really hurt a lot of businesses. Well, a seven-year ban is going to sting even more."

Kindt says giving the oil companies a public spanking through a seven-year ban isn't going to solve our energy problems, and that unreasonably prohibiting offshore drilling will not only exacerbate the region's economic woes, it also will strengthen U.S. dependence on foreign oil.

"Our motto should be 'Drill, Baby, Drill' but 'Safely, Baby, Safely,' " he said. "We have two wars in the Middle East, and while we do need alternate sources of energy, in the interim we still need to safely develop our off-shore resources. That means we need to open up both the East Coast and California for drilling, although California is not going to like that. But we've got to be able to walk and chew gum at the same time."

According to Kindt, the author of "Marine Pollution and the Law of the Sea," a six-volume series that examines protecting the world's oceans while encouraging development of essential resources, the real villain in the new contretemps is not BP (formerly British Petroleum), but the Department of the Interior, with the recently announced seven-year moratorium serving as yet another example of what he says is the department's shortsightedness and incompetence.

Expert: Seven-year moratorium on gulf oil drilling an unwise decision | News Bureau | University of Illinois
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  #93 (permalink)  
Old 12-28-2010, 03:09 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
never heard that one
got a link?
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  #94 (permalink)  
Old 12-28-2010, 03:10 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
We need more Refineries.

Top U.S. Refineries - Energy Information Administration. Energy Rankings
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  #95 (permalink)  
Old 12-28-2010, 03:14 PM
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We have.
We have? the oil supply is low?
Or have "we" reduced refining to raise prices of refined products?

the Hugo gasoline seems to be the same price as the "US" gas does.
CHAMPAIGN, Ill. – The Obama administration's decision to maintain a ban on oil drilling in the eastern Gulf of Mexico and off the Atlantic and Pacific coasts is a mistake, according to a University of Illinois expert who wrote a six-volume book series on marine pollution.

"It's a ridiculous decision on the part of the Interior Department," said John W. Kindt, a professor of business and legal policy at Illinois. "The previous 180-day moratorium really hurt a lot of businesses. Well, a seven-year ban is going to sting even more."

Kindt says giving the oil companies a public spanking through a seven-year ban isn't going to solve our energy problems, and that unreasonably prohibiting offshore drilling will not only exacerbate the region's economic woes, it also will strengthen U.S. dependence on foreign oil.

"Our motto should be 'Drill, Baby, Drill' but 'Safely, Baby, Safely,' " he said. "We have two wars in the Middle East, and while we do need alternate sources of energy, in the interim we still need to safely develop our off-shore resources. That means we need to open up both the East Coast and California for drilling, although California is not going to like that. But we've got to be able to walk and chew gum at the same time."

According to Kindt, the author of "Marine Pollution and the Law of the Sea," a six-volume series that examines protecting the world's oceans while encouraging development of essential resources, the real villain in the new contretemps is not BP (formerly British Petroleum), but the Department of the Interior, with the recently announced seven-year moratorium serving as yet another example of what he says is the department's shortsightedness and incompetence.

Expert: Seven-year moratorium on gulf oil drilling an unwise decision | News Bureau | University of Illinois
We don't drill off our shores because there is barely any oil off our shores. Certainly not enough to make the slightest dent in our 86 million barrel per day appetite (and growing).

That being said, if oil companies want to continue to bludgeon their profit margin building vast infrastructure for piddly kiddie pools of oil in our water, I think they should be allowed to do so. WITH abundant safety oversight and severe ramifications for screw ups. They'll learn soon enough there's barely any oil, as the USGS has known for decades.
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Last edited by JiggsCasey; 12-28-2010 at 03:19 PM.
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  #96 (permalink)  
Old 12-28-2010, 03:20 PM
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We don't drill off our shores because there is barely any oil off our shores. Certainly not enough to make much of a dent in our 86 million barrel per day appetite (and growing).

That being said, if oil companies want to continue to bludgeon their profit margin building vast infrastructure for piddly kiddie pools of oil in our water, I think they should be allowed to do so. WITH abundant safety oversight and severe ramifications for screw ups. They'll learn soon enough there's barely any oil, as we've known for decades.
We have partial agreement there. Why is China in the Gulf if there is so little there? After the Spill I got the impression that we have barely touched on it.
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  #97 (permalink)  
Old 12-28-2010, 05:38 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
Sinclair has two refineries in Wyoming, as far as i can tell both are well over twenty five years old. Maybe they modified a portion but no actual new refinery has been built in at least twenty five years.
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  #98 (permalink)  
Old 12-28-2010, 05:46 PM
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Jiggs the expert, what a tired joke. Given the Gulf of Mexico is supplying over 30% of our oil and we are not producing the oil at half its potential there is enough proven reserves to keep pumping hundreds of years. Since drilling in the Gulf has begun its continually expanded.

Hell, BP just suffered what is literally known or previously known as a "Gusher".

Of course with Libya about to double the supply of oil they produce, Brazil producing oil with billions of dollars given by Obama, the world has more and more oil than ever before.

Oil Field Services: Libya Increases Proven Oil Reserves

Quote:
Libya Increases Proven Oil Reserves
Source: Newswires 8/2/2010, Location: Africa
Oil Field Services

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Libya's proven crude oil reserves rose to 46 billion barrels in the first half of this year after adding 612 million barrels from new fields, local daily Oea said on Friday, quoting the country's top oil official. OPEC member Libya has the biggest crude oil reserves in Africa.

'Libya's oil reserves will increase further in next months because the exploration efforts in the first half accounted for 40 percent of the hydrocarbons search programme for the year,' Oea quoted Shokri Ghanem as saying. 'We expect the discovery of 20 additional oil fields this year,' said Ghanem who is the chairman of Libya's National Oil Corporation (NOC) and top energy official of his country which does not have an oil minister.
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Old 12-28-2010, 06:01 PM
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Jiggs the expert, what a tired joke. Given the Gulf of Mexico is supplying over 30% of our oil and we are not producing the oil at half its potential there is enough proven reserves to keep pumping hundreds of years. Since drilling in the Gulf has begun its continually expanded.

Hell, BP just suffered what is literally known or previously known as a "Gusher".

Of course with Libya about to double the supply of oil they produce, Brazil producing oil with billions of dollars given by Obama, the world has more and more oil than ever before.

Oil Field Services: Libya Increases Proven Oil Reserves

Quote:
Libya Increases Proven Oil Reserves
Source: Newswires 8/2/2010, Location: Africa
Oil Field Services

Share |

Libya's proven crude oil reserves rose to 46 billion barrels in the first half of this year after adding 612 million barrels from new fields, local daily Oea said on Friday, quoting the country's top oil official. OPEC member Libya has the biggest crude oil reserves in Africa.

'Libya's oil reserves will increase further in next months because the exploration efforts in the first half accounted for 40 percent of the hydrocarbons search programme for the year,' Oea quoted Shokri Ghanem as saying. 'We expect the discovery of 20 additional oil fields this year,' said Ghanem who is the chairman of Libya's National Oil Corporation (NOC) and top energy official of his country which does not have an oil minister.
proven reserves to keep pumping hundreds of years

WOW!
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Old 12-28-2010, 06:04 PM
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That will be the end of the recovery.
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damn it , you didn't wake me up~!!!!!
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Old 12-28-2010, 08:46 PM
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Quote: Originally Posted by JiggsCasey Guests cannot see images in the messages. Please register to forum by clicking here to see images.

We have? the oil supply is low?
Or have "we" reduced refining to raise prices of refined products?

the Hugo gasoline seems to be the same price as the "US" gas does.
CHAMPAIGN, Ill. – The Obama administration's decision to maintain a ban on oil drilling in the eastern Gulf of Mexico and off the Atlantic and Pacific coasts is a mistake, according to a University of Illinois expert who wrote a six-volume book series on marine pollution.

"It's a ridiculous decision on the part of the Interior Department," said John W. Kindt, a professor of business and legal policy at Illinois. "The previous 180-day moratorium really hurt a lot of businesses. Well, a seven-year ban is going to sting even more."

Kindt says giving the oil companies a public spanking through a seven-year ban isn't going to solve our energy problems, and that unreasonably prohibiting offshore drilling will not only exacerbate the region's economic woes, it also will strengthen U.S. dependence on foreign oil.

"Our motto should be 'Drill, Baby, Drill' but 'Safely, Baby, Safely,' " he said. "We have two wars in the Middle East, and while we do need alternate sources of energy, in the interim we still need to safely develop our off-shore resources. That means we need to open up both the East Coast and California for drilling, although California is not going to like that. But we've got to be able to walk and chew gum at the same time."

According to Kindt, the author of "Marine Pollution and the Law of the Sea," a six-volume series that examines protecting the world's oceans while encouraging development of essential resources, the real villain in the new contretemps is not BP (formerly British Petroleum), but the Department of the Interior, with the recently announced seven-year moratorium serving as yet another example of what he says is the department's shortsightedness and incompetence.

Expert: Seven-year moratorium on gulf oil drilling an unwise decision | News Bureau | University of Illinois
We don't drill off our shores because there is barely any oil off our shores. Certainly not enough to make the slightest dent in our 86 million barrel per day appetite (and growing).

That being said, if oil companies want to continue to bludgeon their profit margin building vast infrastructure for piddly kiddie pools of oil in our water, I think they should be allowed to do so. WITH abundant safety oversight and severe ramifications for screw ups. They'll learn soon enough there's barely any oil, as the USGS has known for decades.



Hmmmm China is drilling in the Gulf. Russia's Gazprom is planing on drilling off of Florida,
the map in the link shows a whole hell of a lot of rigs and we don't own most of them. Somebody's getting oil there so why isn't it us?

Oil Platforms in the Gulf: How Many and Who Owns Them? | Deep Sea News
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  #102 (permalink)  
Old 12-28-2010, 08:51 PM
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Oil is already more than $5 a gallon.

Quaker State is $3.25 a quart.
That's $13 a gallon
Its weird that you and I are the only ones here that know the difference between oil and gasoline.

Now I feel much more smug than usual.

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Old 12-28-2010, 08:53 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
We need more Refineries.

Top U.S. Refineries - Energy Information Administration. Energy Rankings
Let's build one in Elmhurst, NY.

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Old 12-28-2010, 08:55 PM
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thats if there is any oil lefted at all...
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Old 12-28-2010, 08:58 PM
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We are building/have built a refinery in Wyoming I think it was to refine Tar Sands oil from Canada.

btw what ever happened to those refineries Bush promised to build on abandoned military base land?

I never heard about a single application being filed to build one.
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No.

The Canadians (Suncor) want to buy a refinery in Cheyenne to process "Tar Sand Oil" (aka Syncrude), and they have bought a refinery in Denver.

Refining Oil is not a terribly profitable business, and it takes about 20 years in the USA just to file all the EPA "Environmental Impact Studies."

There are 4 refineries in WY, and several in MT. All have been debottlenecked and expanded, but not necessarily to produce more gasoline. Much of the "expansion" is to produce "Ultra Low Sulfur" deisel at 10 ppm as EPA regulations dictated. The other major expansions have been to tighten Wastewater quality (the water returned from the refinery is better quality than the water entering), and to produce more Coke (and deisel) instead of asphalt (dramatically increasing the cost of building roads).
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