View previous topic :: View next topic |
Author |
Message |
KimchiNinja
Joined: 01 May 2012 Location: Gangnam
|
Posted: Mon Oct 13, 2014 9:52 pm Post subject: |
|
|
GENO123 wrote: |
Can cars run on natural gas? And of course there r electric cars as well |
Dunno what the point is... |
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
Posted: Mon Oct 13, 2014 9:59 pm Post subject: |
|
|
I dont think the us is in bad shape when it comes to energy. China onthe otherhand ... |
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
Posted: Thu Oct 16, 2014 9:46 pm Post subject: |
|
|
Quote: |
CARACAS, Oct. 16 (Xinhua) -- Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices.
Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting.
"The U.S. and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro.
Market analysts say a 20-percent dip in oil prices since June is driven by lower economic growth and weak demand for crude in Europe, along with signs that the core Gulf members of the Organization of Petroleum Exporting Countries are in no hurry to cut production.
Maduro called for an extraordinary meeting of the group to explore ways to stabilize international oil prices.
|
|
|
Back to top |
|
|
mithridates
Joined: 03 Mar 2003 Location: President's office, Korean Space Agency
|
Posted: Fri Oct 17, 2014 3:48 am Post subject: |
|
|
No surprise Venezuela is not happy with this. The US is mostly happy to not have to import as much, and if Russia and Venezuela suffer at the same time so be it. They could easily replace a lot of Venezuelan crude at the same time by letting the rest of Keystone XL be built but at the same time their lack of haste (6 years and counting) in doing so shows just how little they care anymore, because while they wait it's slowly being replaced by local production anyway:
http://www.bloomberg.com/news/2013-08-26/keystone-s-impact-on-venezuela-muted-by-waning-imports.html
The way Enbridge is building their new line both inside Canada and inside the US but just leaving the part that crosses the border untouched (the only spot that would require a federal permit) is telling.
http://business.financialpost.com/2014/03/04/enbridge-and-u-s-partner-to-spend-7-billion-to-nearly-double-capacity-of-cross-border-pipeline/?__lsa=09ed-b553
Quote: |
Enbridge Inc. said it will spend $7-billion to nearly double capacity on a major Canada-to-U.S. oil pipeline without triggering a review by the U.S. State Department, skirting potential delays that have sidelined rival export projects.
Replacing Line 3 — one of six tubes that comprise that mainline network — enables Enbridge to increase deliveries of crude to the U.S. without seeking a presidential import permit, a process that has delayed TransCanada Corp.’s Keystone XL for years.
The 1,660-kilometre Line 3 is currently restricted to running 390,000 barrels a day. Enbridge said the new pipeline would run at a maximum capacity of 760,000 barrels. |
|
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
Posted: Fri Oct 17, 2014 7:03 am Post subject: |
|
|
Peak oil happened and no one noticed |
|
Back to top |
|
|
mithridates
Joined: 03 Mar 2003 Location: President's office, Korean Space Agency
|
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
Posted: Fri Nov 28, 2014 12:04 am Post subject: Re: The cost of Middle East oil |
|
|
KimchiNinja wrote: |
KimchiNinja wrote: |
Cost of oil per barrel $85
Cost of war per barrel $154
Cost of oil from ME, per barrel, $239 |
Hmm, what does it all mean?
Well I guess it means variable cost is $85, but there are fixed costs of $154 per barrel for the USG to keep this oil flowing. Since the USG doesn't have the money (revenue can barely cover basic government operations) it borrows money from China to pay for it. And when China doesn't want to loan any more money, the USG just prints money like crazy to hold things together.
Because if they leave the ME, either a) someone else moves in, or b) those oil producing countries start making their own rules (as they did in the 1970s), and the whole USA game falls to pieces. Why? Because then the Middle East has them by the energy balls, China the creditor has them by the financial balls, plus the whole petrodollar thing.
House of cards. |
Little River Band - Lonesome Loser
https://www.youtube.com/watch?v=MNqqs4h4M7c |
|
Back to top |
|
|
mithridates
Joined: 03 Mar 2003 Location: President's office, Korean Space Agency
|
Posted: Thu Dec 11, 2014 7:08 am Post subject: |
|
|
http://www.bloomberg.com/news/2014-12-11/america-getting-rid-of-oil-addiction-as-price-plummets-amid-glut.html
Quote: |
The shale boom has driven U.S. output to the highest on a weekly basis since 1983, with oil production up 65 percent in just five years and the country supplying 89 percent of its own energy in 2014. The U.S. will export more energy than it imports by 2025, Wood Mackenzie Ltd. said in an October research note. The Energy Information Administration forecasts a 0.7 percent increase in demand next year; analysts surveyed by Bloomberg expect the economy to expand four times faster.
|
|
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
|
Back to top |
|
|
GENO123
Joined: 28 Jan 2010
|
Posted: Mon Jul 04, 2016 4:47 pm Post subject: Re: The cost of Middle East oil |
|
|
KimchiNinja wrote: |
KimchiNinja wrote: |
Cost of oil per barrel $85
Cost of war per barrel $154
Cost of oil from ME, per barrel, $239 |
Hmm, what does it all mean?
Well I guess it means variable cost is $85, but there are fixed costs of $154 per barrel for the USG to keep this oil flowing. Since the USG doesn't have the money (revenue can barely cover basic government operations) it borrows money from China to pay for it. And when China doesn't want to loan any more money, the USG just prints money like crazy to hold things together.
Because if they leave the ME, either a) someone else moves in, or b) those oil producing countries start making their own rules (as they did in the 1970s), and the whole USA game falls to pieces. Why? Because then the Middle East has them by the energy balls, China the creditor has them by the financial balls, plus the whole petrodollar thing.
House of cards. |
|
|
Back to top |
|
|
young_clinton
Joined: 09 Sep 2009
|
Posted: Tue Jul 05, 2016 6:25 pm Post subject: |
|
|
GENO123 wrote: |
Who has more oil coal natl gas & farm land the USA or China?
|
The US has more natural gas reserves than it has oil and more coal reserves than oil. |
|
Back to top |
|
|
young_clinton
Joined: 09 Sep 2009
|
Posted: Tue Jul 05, 2016 6:29 pm Post subject: |
|
|
Titus wrote: |
Anytime you see "oil" as a reason for American behavior you have to in your head do a control F replace oil - Israel and then things start making more sense. |
I like Israel. The "anti-Semitic" (if you listen to Liberal Democrats) Nixon guaranteed payment by executive order to the French for French Mirage fighters during the six day war, when Congress refused to give weapons to the Israelis. I like Nixon too.
Last edited by young_clinton on Tue Jul 05, 2016 6:39 pm; edited 1 time in total |
|
Back to top |
|
|
young_clinton
Joined: 09 Sep 2009
|
Posted: Tue Jul 05, 2016 6:36 pm Post subject: |
|
|
GENO123 wrote: |
Can cars run on natural gas? And of course there r electric cars as well
It seems the us doesnt even want canadas heavy oil |
That's true there are natural gas cars. The problem I think is that it's harder to transport natural gas than gasoline, otherwise perhaps it would be time to tell the Arabs and Iranians to flake off and starve. The only electric cars out are Hybrids. Full electric cars are a long ways off. |
|
Back to top |
|
|
young_clinton
Joined: 09 Sep 2009
|
Posted: Thu Jul 07, 2016 5:52 pm Post subject: |
|
|
Oil prices dropped down quite nicely today. Not so good for those with investments in oil, but for those that want to see the Saudis riding camels it's great. |
|
Back to top |
|
|
|