How big is the oil Bubble?

[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?

Obamas buddies........surprise

The rich also get a chance to buy up those doing business that are or have been squeezed ...One such fellow is Buffet....mmmm buffet....

 

[DarkFury]

They have new portable platforms that can be driven to a site and set up in days. Which cuts the costs of building site based structures. A friend of mine just went down to work on one.
Now the video is animated but now everything is mobile so NO money lost on pumps/drills and derecks in "dry" spots.

 

[Moonglow]

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

A trillion a year for defense is not gutting our military...

 

[Moonglow]

Thanks goodness. I worked in an oil field construction yard in Edmond Okiehoma, and man it was rough....

 

[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.

They like to play and shop around...

Substantial hurdles remain, however. The Navy previously paid about $1,000 for each barrel of biofuel it bought to test out in its jets. This new purchase, at first, will cost just as much: $26 per gallon, or $1,092 per barrel. That biofuel will then be blended with an equal amount of fossil fuel, producing 900,000 gallons — and an effective price of about $15 per gallon for that 50/50 blend. It’s “roughly half of what was paid in 2009,” according to Deputy Assistant Secretary of the Navy Tom Hicks, who serves as Mabus’ point man on energy issues.

But it is still far more than the Navy currently pays for its JP-5 jet fuel: $3.97 per gallon, or $167 per barrel.

Navy’s Big Biofuel Bet: 450,000 Gallons at 4 Times the Price of Oil

Cool. $26 vs $4.
Of course with oil near $30, the JP-5 will be less expensive than in 2011.

If they really wanted to reduce CO2, the Greens would push for more nuclear power plants.

 

[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

A trillion a year for defense is not gutting our military...

Not even close to a trillion........just 600

 

[william the wie]

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

you expected different?

 

[Moonglow]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

 

[Moonglow]

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

A trillion a year for defense is not gutting our military...

Not even close to a trillion........just 600

They get further funding later in the year for war cost...

 

[Manonthestreet]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Which is what the SOR is for............

 

[Toddsterpatriot]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Yes, if we're cut off from petroleum, we'll just recycle the vegetable oil from McDonalds to power our F-35s.

 

[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

A trillion a year for defense is not gutting our military...

Not even close to a trillion........just 600

They get further funding later in the year for war cost...

Funny how libs here are arguing for waste in defense..........throw their talking points right out the window when profit calls

 

[Moonglow]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Which is what the SOR is for............

Supposedly it is not enough for civilian and military needs....

 

[Toddsterpatriot]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Which is what the SOR is for............

SPR

 

[Moonglow]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Yes, if we're cut off from petroleum, we'll just recycle the vegetable oil from McDonalds to power our F-35s.

Or Sonic...

 

[Manonthestreet]

The reasons are rather strategic in nature..The war planners have laid out the scenario that the next world war or large war will have oil cit off from reaching the US and the military..So they figure to play out that scenario for reals.....

Which is what the SOR is for............

Supposedly it is not enough for civilian and military needs....

Yeah so....civvies always come in last in war......

 

[Moonglow]

Now that the Yen has been devalued,,,,,there goes China being on the world reserve currency..

 

[Manonthestreet]

Now that the Yen has been devalued,,,,,there goes China being on the world reserve currency..

Unless they back it with gold which they have and we dont......

 

[william the wie]

They have new portable platforms that can be driven to a site and set up in days. Which cuts the costs of building site based structures. A friend of mine just went down to work on one.
Now the video is animated but now everything is mobile so NO money lost on pumps/drills and derecks in "dry" spots.

One thing is already lost Pipelines have already dropped the cost of natural gas to just barely above marginal cost but most freight transport can be converted to NG relatively cheaply.

 

[Moonglow]

Now that the Yen has been devalued,,,,,there goes China being on the world reserve currency..

Unless they back it with gold which they have and we dont......

We have more gold reserves than our national debt...