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RIROCKHOUND · 04-17-2011, 06:28 PM

Take a read through Hubbards Peak, it's an interesting book written by a former oilman and at the very least has some interesting perspectives into the industry

Some reasons in my humble opinion (of my head, some of the numbers might be a bit off but I need to put the kid to bed and won;t be back on to spend an hour looking them up.

1. Environmental impacts, especially with oil shales. basically strip mining. Not including fracting and other potentially harmful impacts with gas and oil wells. I won't even bring up CO2 since you two will just dismiss it as leftist propaganda.

2. technically recoverable and economically recoverable are two different things. Many technically recoverable fields are only feasible at closer to $200 / barrel

3. If Chevron et al., starts drilling on leases in the Dakotas, it will go to world supply. they aren't mandated to sell to US only. capitalism at it's finest.

4. The USGS estimates of the Dakotas is higher than previously estimated, at a mean of ~4Bil. that's roughly 1 year of oil for the US at the current rate of ~10mil barrels/day. so we can have $0.99/gal for a year than back up to $4.00?

5. The recent USGS estimate of ANWAR has dropped considerably, to about 90 days (~1 Bil barrels). this is not voodoo; a lot of the new data came from additional exportation, so that line about 'there is always more than we thought.....'

6. Norway is smaller than MASSACHUSETTS population wide.

7. Fossil fuels are a 1-time use. So we should just use it all up as quickly as we can?

8. Should we really be advocating more offshore drilling after last summer's disaster... damn we have short memories... keep in mind, much of the oil they are mentioning are deeper than the DWH rig was in.

9. Most of us realize it is speculation driven, but a big upswing in the spring is refinery limitations as they change seasons or just refinery back-up So we should just add more refineries... where? I'd I didn't live a mile from one, how about you? have you been to northern NJ?

10. Jim, are you really advocating for state run oil? you lament the gov's ability to run anything, period, and want to put them in charge of this?
You are the only far-right socialist I know. At least when you finally run for office Jim, you'll have your own party...

04-17-2011, 06:28 PM	#25
RIROCKHOUND Also known as OAK iTrader: (0) Join Date: Apr 2003 Location: Westlery, RI Posts: 10,408	Take a read through Hubbards Peak, it's an interesting book written by a former oilman and at the very least has some interesting perspectives into the industry Some reasons in my humble opinion (of my head, some of the numbers might be a bit off but I need to put the kid to bed and won;t be back on to spend an hour looking them up. 1. Environmental impacts, especially with oil shales. basically strip mining. Not including fracting and other potentially harmful impacts with gas and oil wells. I won't even bring up CO2 since you two will just dismiss it as leftist propaganda. 2. technically recoverable and economically recoverable are two different things. Many technically recoverable fields are only feasible at closer to $200 / barrel 3. If Chevron et al., starts drilling on leases in the Dakotas, it will go to world supply. they aren't mandated to sell to US only. capitalism at it's finest. 4. The USGS estimates of the Dakotas is higher than previously estimated, at a mean of ~4Bil. that's roughly 1 year of oil for the US at the current rate of ~10mil barrels/day. so we can have $0.99/gal for a year than back up to $4.00? 5. The recent USGS estimate of ANWAR has dropped considerably, to about 90 days (~1 Bil barrels). this is not voodoo; a lot of the new data came from additional exportation, so that line about 'there is always more than we thought.....' 6. Norway is smaller than MASSACHUSETTS population wide. 7. Fossil fuels are a 1-time use. So we should just use it all up as quickly as we can? 8. Should we really be advocating more offshore drilling after last summer's disaster... damn we have short memories... keep in mind, much of the oil they are mentioning are deeper than the DWH rig was in. 9. Most of us realize it is speculation driven, but a big upswing in the spring is refinery limitations as they change seasons or just refinery back-up So we should just add more refineries... where? I'd I didn't live a mile from one, how about you? have you been to northern NJ? 10. Jim, are you really advocating for state run oil? you lament the gov's ability to run anything, period, and want to put them in charge of this? You are the only far-right socialist I know. At least when you finally run for office Jim, you'll have your own party... Last edited by RIROCKHOUND; 04-17-2011 at 06:35 PM..
	Bryan Originally Posted by #^&#^&#^&#^&#^&#^&#^&#^&#^&#^&#^& "For once I agree with Spence. UGH. I just hope I don't get the urge to go start buying armani suits to wear in my shop"