How big is the oil Bubble?

[william the wie]

At what price level will supply meet demand and for how long?

 

[saveliberty]

I think oil storage and shipping are the biggest determiners of supply/price.

 

[TheOldSchool]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

 

[Freewill]

What bubble are you talking about? I read an article the other day that said the cost of the barrel was more then the price of the oil in it. Did you actually mean to say glut of oil?

 

[Moonglow]

Iran is looking to dump oil on the market, heh-heh, those Shieks may have to give up the blondes....

 

[Toddsterpatriot]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

 

[william the wie]

What bubble are you talking about? I read an article the other day that said the cost of the barrel was more then the price of the oil in it. Did you actually mean to say glut of oil?

For some grades that is true and the oil is only being pumped to stave off bankruptcy/

 

[Moonglow]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

 

[Muhammed]

At what price level will supply meet demand and for how long?

AOTA

 

[william the wie]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Fuel is the only way for many things but it doesn't have to be fossil guels.

 

[Moonglow]

The US has ended the ban on US domestic oil, the West Texas sweet crude is selling on a par with Brent...oil......Which places it in the premium market...
Right now is a will of the hard asses, as the prices are going low to bust balls and take over market shares...

 

[TheOldSchool]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

^ desperate for the middle east and their oil to remain relevant

 

[Manonthestreet]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

Only under orders......quess who is profiting

 

[william the wie]

I think oil storage and shipping are the biggest determiners of supply/price.

True at the current price point but a lot of money is being spent to increase storage and reducing shipping costs, the lag to $20bbl, much less $10 is unknown beyond certain limits. But it is years until India replaces China ass the driver of world demand.

 

[Moonglow]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

Only under orders......quess who is profiting

Chemical engineers?

 

[Toddsterpatriot]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

This week, the Navy embarked on a costly and pointless exercise—using "advanced" biofuels that cost $26 per galon in some naval exercises. At a time when the federal budget and military budgets are tight, Navy Secretary Ray Mabus claims that it is important to spend millions of dollars on an exotic biofuel to "enhance our national security." That is ridiculous. Spending $26 a gallon on exotic biofuel does not "enhance natural security" as it reduces our security by wasting taxpayer's dollars on yet another renewable boondoggle and diverts funds from necessary readiness.

The Navy's Use of Biofuels is Inefficient and Costly

Yes, that sounds like an excellent use of our tax dollars.

 

[Manonthestreet]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

Only under orders......quess who is profiting

Chemical engineers?

Obamas buddies........surprise

 

[Toddsterpatriot]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

^ desperate for the middle east and their oil to remain relevant

Yes, cheap oil is bad, expensive biofuels are good. Just because, I guess.

 

[Moonglow]

Regardless, let's make sure to demonize alternative energies. Oil is the only way

Yes, we must use less reliable, more expensive alternatives, no matter how tiny the benefit, For Gaia!!!

The Navy seems to think so...

This week, the Navy embarked on a costly and pointless exercise—using "advanced" biofuels that cost $26 per galon in some naval exercises. At a time when the federal budget and military budgets are tight, Navy Secretary Ray Mabus claims that it is important to spend millions of dollars on an exotic biofuel to "enhance our national security." That is ridiculous. Spending $26 a gallon on exotic biofuel does not "enhance natural security" as it reduces our security by wasting taxpayer's dollars on yet another renewable boondoggle and diverts funds from necessary readiness.

The Navy's Use of Biofuels is Inefficient and Costly

Yes, that sounds like an excellent use of our tax dollars.

They like to play and shop around...

 

[Manonthestreet]

President Obama clearly doesn’t want the American people to know how much his plan to green the military will cost. As Wired magazine uncovered, a recent DoD report revealed that their biofuels program will amount to an extra $1.8 billion a year in fuel costs for the Navy alone.

This ludicrous pricetag is not surprising: through Congressional oversight efforts, we found that in 2009, the Navy paid an outrageous $424 per gallon for 20,000 gallons of renewable diesel, and in December 2011, the Navy purchased 450,000 gallons of biofuel for $12 million, equaling about $27 a gallon. The Navy is not the only service being subject to this great greening agenda: last month, the Air Force bought 11,000 gallons of alcohol-to-jet fuel at $59 a gallon, twice as much per gallon as what the Navy was forced to spend. And all of this is being done by the Obama administration while the president guts our military.
The not-so-great 'Green Fleet': President Obama’s skewed national defense priorities