Americans still want cheap oil

[longknife]

(and they’re not too worried about global warming, either)

Why should these results of a Pew poll surprise anybody? Read more @ Harsanyi: Americans still want cheap oil (and they're not too nervous about global warming, either)

 

[Old Rocks]

Well, I would still like to be paid as much are Warren Buffet makes, also. And there is about the same chance of that happening as oil being cheap again. Unless we nationalize our oil and the corperations handling it, it will continue to go to the highest bidder, irregardless of whether that bidder is inside or outside of our borders.

 

[whitehall]

Cheaper energy would turn the economy around but that's not what the neo-socialists want. The left wing warmers thrive on hysteria and crisis and that's why democrats will not allow the US to be independent of foreign oil no matter how rich our own resources are. It's not like we are wishing for the moon. Oil prices doubled in the last couple of years under the Hussein regime.

 

[Old Rocks]

Cheaper energy would turn the economy around but that's not what the neo-socialists want. The left wing warmers thrive on hysteria and crisis and that's why democrats will not allow the US to be independent of foreign oil no matter how rich our own resources are. It's not like we are wishing for the moon. Oil prices doubled in the last couple of years under the Hussein regime.

Silly ass. We are pumping more oil now than we have in many years.

www.oilindependents.org » All-Star States in U.S. Oil Production Increases

U.S. crude oil production, after sinking to levels not seen since the mid-1940s, rose more than half a million barrels per day just between 2007 and 2011. That size of increase has not been witnessed in the U.S. for more than forty years. The source of that large gain certainly did not occur in the federal offshore, which, with 2011’s unusually sharp drop of nearly 240,000 barrels per day netted an increase of just under 30,000 barrels per day over the four-year period. By contrast, the remaining areas (onshore plus state waters) saw production rise from a 2007 low of 3.72 million barrels per day to 4.29 million barrels per day, a surge of some 570,000 barrels per day.

This increase does not even include the jump in the nation’s output of natural gas liquids (NGLs), which reached a record 2.18 million barrels per day in 2011 – an increase of 400,000 barrels per day since 2007. NGLs and crude oil increases together yield a gain of nearly 1 million barrels per day in just four years – an increase of nearly 15 percent. And these increased barrels mean increased jobs. According to the Bureau of Labor Statistics, the number of Americans now employed in oil and gas development and support activities has grown by more than 100,000 in five years – from 344,000 jobs in mid-2007 to 454,100 in March 2012.

If oil prices rise in the next two years, it will be because the oil companies can get more money by exporting the oil than they can here in the states.

Gas, other fuels are top U.S. export ? USATODAY.com

NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

So, you want to blame the President for the rise in fuel prices. Shows what an ignorant jerk you truly are. If someone offshore will pay a dime more a gallon, the oil companies will ship the fuel, and tell you to go to hell.

 

[Mr. H.]

Cheaper energy would turn the economy around but that's not what the neo-socialists want. The left wing warmers thrive on hysteria and crisis and that's why democrats will not allow the US to be independent of foreign oil no matter how rich our own resources are. It's not like we are wishing for the moon. Oil prices doubled in the last couple of years under the Hussein regime.

Silly ass. We are pumping more oil now than we have in many years.

www.oilindependents.org » All-Star States in U.S. Oil Production Increases

U.S. crude oil production, after sinking to levels not seen since the mid-1940s, rose more than half a million barrels per day just between 2007 and 2011. That size of increase has not been witnessed in the U.S. for more than forty years. The source of that large gain certainly did not occur in the federal offshore, which, with 2011’s unusually sharp drop of nearly 240,000 barrels per day netted an increase of just under 30,000 barrels per day over the four-year period. By contrast, the remaining areas (onshore plus state waters) saw production rise from a 2007 low of 3.72 million barrels per day to 4.29 million barrels per day, a surge of some 570,000 barrels per day.

This increase does not even include the jump in the nation’s output of natural gas liquids (NGLs), which reached a record 2.18 million barrels per day in 2011 – an increase of 400,000 barrels per day since 2007. NGLs and crude oil increases together yield a gain of nearly 1 million barrels per day in just four years – an increase of nearly 15 percent. And these increased barrels mean increased jobs. According to the Bureau of Labor Statistics, the number of Americans now employed in oil and gas development and support activities has grown by more than 100,000 in five years – from 344,000 jobs in mid-2007 to 454,100 in March 2012.

If oil prices rise in the next two years, it will be because the oil companies can get more money by exporting the oil than they can here in the states.

Gas, other fuels are top U.S. export ? USATODAY.com

NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

So, you want to blame the President for the rise in fuel prices. Shows what an ignorant jerk you truly are. If someone offshore will pay a dime more a gallon, the oil companies will ship the fuel, and tell you to go to hell.

This may appear off-topic, but I think it puts the subject in perspective...

There's never a peep out of anyone about the fact that we are paying record prices for groceries while agriculture exports tens of millions of metric tons of grains each year.

So why should energy companies be denied exporting their commodity?

Certain refined products are being exported because demand here in the states has waned, or at least flattened out. Diesel, heating oil, bunker fuels... the heavier stuff. These fuels are in high demand overseas and command a premium.

Natural gas is also in big demand overseas and sells at 5 times what the domestic market brings. So, LNG or liquefied natural gas is being considered for export.

These are hard dollars being brought back into our country. The jobs required to export this stuff are the kinds of jobs we need.

Again, why is agriculture being waved on through while the hydrocarbon industries are given the big red STOP sign?

 

[Old Rocks]

Cheaper energy would turn the economy around but that's not what the neo-socialists want. The left wing warmers thrive on hysteria and crisis and that's why democrats will not allow the US to be independent of foreign oil no matter how rich our own resources are. It's not like we are wishing for the moon. Oil prices doubled in the last couple of years under the Hussein regime.

Silly ass. We are pumping more oil now than we have in many years.

www.oilindependents.org » All-Star States in U.S. Oil Production Increases

U.S. crude oil production, after sinking to levels not seen since the mid-1940s, rose more than half a million barrels per day just between 2007 and 2011. That size of increase has not been witnessed in the U.S. for more than forty years. The source of that large gain certainly did not occur in the federal offshore, which, with 2011’s unusually sharp drop of nearly 240,000 barrels per day netted an increase of just under 30,000 barrels per day over the four-year period. By contrast, the remaining areas (onshore plus state waters) saw production rise from a 2007 low of 3.72 million barrels per day to 4.29 million barrels per day, a surge of some 570,000 barrels per day.

This increase does not even include the jump in the nation’s output of natural gas liquids (NGLs), which reached a record 2.18 million barrels per day in 2011 – an increase of 400,000 barrels per day since 2007. NGLs and crude oil increases together yield a gain of nearly 1 million barrels per day in just four years – an increase of nearly 15 percent. And these increased barrels mean increased jobs. According to the Bureau of Labor Statistics, the number of Americans now employed in oil and gas development and support activities has grown by more than 100,000 in five years – from 344,000 jobs in mid-2007 to 454,100 in March 2012.

If oil prices rise in the next two years, it will be because the oil companies can get more money by exporting the oil than they can here in the states.

Gas, other fuels are top U.S. export ? USATODAY.com

NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

So, you want to blame the President for the rise in fuel prices. Shows what an ignorant jerk you truly are. If someone offshore will pay a dime more a gallon, the oil companies will ship the fuel, and tell you to go to hell.

This may appear off-topic, but I think it puts the subject in perspective...

There's never a peep out of anyone about the fact that we are paying record prices for groceries while agriculture exports tens of millions of metric tons of grains each year.

So why should energy companies be denied exporting their commodity?

Certain refined products are being exported because demand here in the states has waned, or at least flattened out. Diesel, heating oil, bunker fuels... the heavier stuff. These fuels are in high demand overseas and command a premium.

Natural gas is also in big demand overseas and sells at 5 times what the domestic market brings. So, LNG or liquefied natural gas is being considered for export.

These are hard dollars being brought back into our country. The jobs required to export this stuff are the kinds of jobs we need.

Again, why is agriculture being waved on through while the hydrocarbon industries are given the big red STOP sign?

I never said that they should. I simply pointed out that it was not the President that determined the price of fuel, but the world market. The only way that would change is if we nationalized the companies. Not something I think would be wise at all.

And it was one of the 'Conservatives' that was inferring this was desireable. And if we were forced to compete with world prices for NG we might find the alternatives, wind, solar, geothermal, a lot more desireable.

 

[waltky]

Additional supply on the market should bring gas prices down a bit...

South Sudan Resumes Oil Production
April 06, 2013 — South Sudan has restarted oil production after agreeing with Sudan to resume cross-border oil flows last month, an executive at the state oil company said on Saturday. After months of negotiations both African countries agreed earlier this month to resume cross-border oil flows after tensions between them eased.

Landlocked South Sudan, which shut down its entire output of 350,000 barrels a day in a row with Khartoum over oil fees last year, needs to export its oil through Sudanese pipelines and the port of Port Sudan. "Yes it has started," Paul Adong Bith Deng, managing director of state oil firm Nile Petroleum (Nilepet), told Reuters by phone from the Thar Jath oilfield in Unity state, South Sudan, when asked whether oil production had been resumed.

Sudan and South Sudan agreed for the South to resume oil production with an initial output of between 150,000 bpd and 200,000 barrels bpd, Sudan's state news agency SUNA said late on Friday, quoting officials from both countries. The first cargo would reach Port Sudan at the end of May, SUNA said, two weeks later than initially expected.

A file photo taken on April 23, 2012 shows a view of an oil field in Bentiu, South Sudan

There was no immediate comment from South Sudan's Oil Ministry. South Sudan's oil minister said on March 14 that oil companies in the South had been ordered to restart production, which he said would take two to three weeks. Both countries depend heavily on crude exports for state revenues and use the foreign currency to import food and fuel.

South Sudan seceded from Sudan in 2011 under a 2005 peace deal which ended one of Africa's longest civil wars but both countries remain at loggerheads over ownership of disputed territories and other issues. South Sudan is one of the world's least-developed nations and grows very little of its own produce. Its decision to turn off its oil wells triggered a deep recession.

South Sudan Resumes Oil Production

See also:

Oil Deal Could Rescue Sudans' Economies
April 06, 2013 — South Sudan has resumed pumping oil following a 15-month shutdown that was among the country’s many remaining disputes with Khartoum. Hannah McNeish, reporting from the Tar Jath Oilfield in South Sudan's Unity State, talked to VOA's Gabe Joselow in Nairobi about this new development.

 

[Mr. H.]

When Americans did have cheap oil, in the late 90's as an example, it was $10/barrel and gasoline was $1.00/gallon (60 cents before taxes).

The result? Thousands of oil companies went bankrupt, tens of thousands of industry workers lost their jobs, domestic production plummeted, and imports soared.

Is this really what we want to happen again?

 

[waltky]

Mr. H wrote: When Americans did have cheap oil, in the late 90's as an example, it was $10/barrel and gasoline was $1.00/gallon (60 cents before taxes).

The result? Thousands of oil companies went bankrupt, tens of thousands of industry workers lost their jobs, domestic production plummeted, and imports soared.

Is this really what we want to happen again?

Mmmm...

... had more like the 60's in mind...

... when gas was 29.9¢/gal.

 

[there4eyeM]

There's not only cheap, but free and overwhelmingly abundant energy arriving at our planet every second. It isn't energy that is lacking, it is imagination and will.

There is also, of course, the weight of oil companies making hundreds of dollars net profit per second.

 

[editec]

(and they’re not too worried about global warming, either)

Why should these results of a Pew poll surprise anybody? Read more @ Harsanyi: Americans still want cheap oil (and they're not too nervous about global warming, either)

Doesn't surprise me.

It is rather hard to truly worry about Global Weirding if your IMMEDIATE concern is freezing to death because you cannot afford to heat your home.

 

[Mr. H.]

There is also, of course, the weight of oil companies making hundreds of dollars net profit per second.

I'd like to see the numbers on that one, if'n ya don't mind.

Oh- and straighten out that avatar while you're at it.

 

[editec]

Want to see the math?

Okay

Exxons' Profits in 2012 = $15.9 Billion

$15,900,000,000 billion/365days = $435,616,438 PER DAY

$435,616,438/24 hours = $1,815,068 per hour

$1,815,068/3600 (seconds in an hour) = $504.18 per SECOND


Remember, now that is profit AFTER taxation.

 

[Mr. H.]

Want to see the math?

Okay

Exxons' Profits in 2012 = $15.9 Billion

$15,900,000,000 billion/365days = $435,616,438 PER DAY

$435,616,438/24 hours = $1,815,068 per hour

$1,815,068/3600 (seconds in an hour) = $504.18 per SECOND


Remember, now that is profit AFTER taxation.

And your point is, comrade?

 

[there4eyeM]

Want to see the math?

Okay

Exxons' Profits in 2012 = $15.9 Billion

$15,900,000,000 billion/365days = $435,616,438 PER DAY

$435,616,438/24 hours = $1,815,068 per hour

$1,815,068/3600 (seconds in an hour) = $504.18 per SECOND


Remember, now that is profit AFTER taxation.

And your point is, comrade?

The point is obvious to any other than an apologist for the corporate dictators, comrade.

 

[Mr. H.]

Want to see the math?

Okay

Exxons' Profits in 2012 = $15.9 Billion

$15,900,000,000 billion/365days = $435,616,438 PER DAY

$435,616,438/24 hours = $1,815,068 per hour

$1,815,068/3600 (seconds in an hour) = $504.18 per SECOND


Remember, now that is profit AFTER taxation.

And your point is, comrade?

The point is obvious to any other than an apologist for the corporate dictators, comrade.

I'm not an apologist, I'm an advocate.
The oil and gas industries owe no apologies, we owe them thanks.

 

[there4eyeM]

And your point is, comrade?

The point is obvious to any other than an apologist for the corporate dictators, comrade.

I'm not an apologist, I'm an advocate.
The oil and gas industries owe no apologies, we owe them thanks.

I enjoy your little cartoons (touch of originality here), but I shouldn't think you would like to be one.

 

[whitehall]

Cheaper energy would turn the economy around but that's not what the neo-socialists want. The left wing warmers thrive on hysteria and crisis and that's why democrats will not allow the US to be independent of foreign oil no matter how rich our own resources are. It's not like we are wishing for the moon. Oil prices doubled in the last couple of years under the Hussein regime.

Silly ass. We are pumping more oil now than we have in many years.

www.oilindependents.org » All-Star States in U.S. Oil Production Increases

U.S. crude oil production, after sinking to levels not seen since the mid-1940s, rose more than half a million barrels per day just between 2007 and 2011. That size of increase has not been witnessed in the U.S. for more than forty years. The source of that large gain certainly did not occur in the federal offshore, which, with 2011’s unusually sharp drop of nearly 240,000 barrels per day netted an increase of just under 30,000 barrels per day over the four-year period. By contrast, the remaining areas (onshore plus state waters) saw production rise from a 2007 low of 3.72 million barrels per day to 4.29 million barrels per day, a surge of some 570,000 barrels per day.

This increase does not even include the jump in the nation’s output of natural gas liquids (NGLs), which reached a record 2.18 million barrels per day in 2011 – an increase of 400,000 barrels per day since 2007. NGLs and crude oil increases together yield a gain of nearly 1 million barrels per day in just four years – an increase of nearly 15 percent. And these increased barrels mean increased jobs. According to the Bureau of Labor Statistics, the number of Americans now employed in oil and gas development and support activities has grown by more than 100,000 in five years – from 344,000 jobs in mid-2007 to 454,100 in March 2012.

If oil prices rise in the next two years, it will be because the oil companies can get more money by exporting the oil than they can here in the states.

Gas, other fuels are top U.S. export ? USATODAY.com

NEW YORK (AP) – For the first time, the top export of the United States, the world's biggest gas guzzler, is — wait for it — fuel.

So, you want to blame the President for the rise in fuel prices. Shows what an ignorant jerk you truly are. If someone offshore will pay a dime more a gallon, the oil companies will ship the fuel, and tell you to go to hell.

Don't give us this neo-socialist crap about oil companies making too much money. The Hussein regime is on big oil like Chris Christie on a pizza. Nobody gets away with making too much money if democrats run 2/3 of the government. Why doesn't the left ever complain about the lavish lifestyles of the Saudi princes? Our refineries are so antiquated that we can't process the stuff we manage to drill and Hussein has oil companies so tangled up in regulations that it costs more to drill than ever before. Gas and home heating oil prices doubled during the Hussein administration while we diddled around with funding crooks who pretended to make alternate fuel.

 

[chikenwing]

What is the average profit margin?you can toss large numbers around,trying to make some point,but the bottom line is no where near what the complainers complain about.

What would be an interesting comparative,what are the expenses per second,hour and day??

 

[Mr. H.]

The point is obvious to any other than an apologist for the corporate dictators, comrade.

I'm not an apologist, I'm an advocate.
The oil and gas industries owe no apologies, we owe them thanks.

I enjoy your little cartoons (touch of originality here), but I shouldn't think you would like to be one.

I've spent the better part of the past 35 years working towards educating the public and politicians alike about the functions of the oil and gas industries and their benefits to the economy and to society.

I have met 5th graders that have a better grasp of issues and processes than do you.