Re: Sleazy Wall Steet/Chamber of Commerce bloats tout offshore drilling.
billim...@yahoo.com
> The time is ripe for America to use existing technology to get those
> electric cars rolling down the assembly lines. But the usual suspects,
> the same bastards who love illegal aliens and other cheap labor
> sources, opt for what they think is the easy solution. Fuck 'em all!
>
> ted
>
> "They trundle into the fast food outlet, fat asses leaving the SUV
> full of plump wives and noisy children. Behind their vehicle is a
> trailer bearing two ATV's. This family is doing it's outdoor thing".
The hacks always look for a quick cheap fix. I will bet that American
industry can produce a solar-boosted electric car faster then the
first
drilling rig can be placed.
bill
Vid...@tcq.net
i bet that its true also. the chamber is just looking for ways to
increase the feverish grip of the free market, on americas wallet and
purses. oil companies and the chamber=parasites
ChairMan
news:b8cfc506-6cc7-4f78...@79g2000hsk.googlegroups.com
There are already rigs off the coast of Florida, they're just not ours.
Why is it that all you anti oil people dont have a problem with us drilling
in other countries and fuckin' up their enviroment?
Just don't do it my backyard, huh?
You're the same people that complain about how bad Bush has made us look to
the rest of the world, but don't take any personal responsiblity of your own
for your views.
The word hypocrite comes to mind.
BTW: WTF are we saving "OUR" oil for?
G.W. Hayduke
The Trucker
No. But the algae based biodiesel and ethanol people can create fuel at
$3 a gallon a lot faster than these people can deliver oil from more
drilling. I have spent the last 4 days looking into this and I usually do
not spend anything near that researching anything. The more I look the
more I see of the actual commercial ventures out there DOING IT. The
current problem is one of technology moving too damned fast for the
capital. The folks that are doing it right now will probably get beat up
by the people that do it next week. Sometimes capitalism shoots itself in
the foot from being _too_ good.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
The Trucker
> <billim...@yahoo.com> wrote in message
> news:b8cfc506-6cc7-4f78...@79g2000hsk.googlegroups.com
>> On Jun 18, 3:22 am, wis...@yahoo.com wrote:
>>> The time is ripe for America to use existing technology to get those
>>> electric cars rolling down the assembly lines. But the usual
>>> suspects, the same bastards who love illegal aliens and other cheap
>>> labor sources, opt for what they think is the easy solution. Fuck
>>> 'em all!
>>>
>>> ted
>>>
>>> "They trundle into the fast food outlet, fat asses leaving the SUV
>>> full of plump wives and noisy children. Behind their vehicle is a
>>> trailer bearing two ATV's. This family is doing it's outdoor thing".
>>
>> The hacks always look for a quick cheap fix. I will bet that American
>> industry can produce a solar-boosted electric car faster then the
>> first
>> drilling rig can be placed.
>>
>> bill
>
> There are already rigs off the coast of Florida, they're just not ours.
> Why is it that all you anti oil people dont have a problem with us drilling
> in other countries and fuckin' up their enviroment?
There are no Chinese rigs drilling on the Cuba side of the Florida Strait
according people in our government. But there is some truth to your MIMBY
prosecution.
> Just don't do it my backyard, huh?
> You're the same people that complain about how bad Bush has made us look to
> the rest of the world, but don't take any personal responsiblity of your own
> for your views.
> The word hypocrite comes to mind.
> BTW: WTF are we saving "OUR" oil for?
Petrochemicals, plastics, and other stuff. We have renewable energy. NO
need to invest any more in the limited stuff.
ChairMan
news:pan.2008.06.18...@verizon.net
You believe our government? There's your problem right there
"The U.S. Congress has voted consistently to keep 85% of America's offshore
oil and gas off-limits, while China and Cuba drill 60 miles from Key West,
Fla. The U.S. Minerals Management Service says that the restricted areas
contain 86 billion barrels of oil and 420 trillion cubic feet of natural
gas."
http://news.yahoo.com/s/ibd/20080609/bs_ibd_ibd/20080609issues01
And thats just off the Florida coast, that doesn't even include east and
west coast or ANWAR
WTF is MIMBY?
>
>> Just don't do it my backyard, huh?
>> You're the same people that complain about how bad Bush has made us
>> look to the rest of the world, but don't take any personal
>> responsiblity of your own for your views.
>> The word hypocrite comes to mind.
>> BTW: WTF are we saving "OUR" oil for?
>
> Petrochemicals, plastics, and other stuff. We have renewable energy.
> NO need to invest any more in the limited stuff.
Those are mostly made from byproducts.
IMO, the quicker we use it up the faster we'll be force to find
alternatives.
Besides, do we really need more "plastic stuff" or do we need our goods and
food moving?
Clave
news:4859de49$0$12270$9a6e...@unlimited.newshosting.com...
That's an unsourced op-ed, and it's full of shit.
http://www.mcclatchydc.com/251/story/40776.html
Jim
G.W. Hayduke
Just your nutrient level, sludgesucker.
Rod Speed
Nope. In spades once oil starts running out.
> IMO, the quicker we use it up the faster we'll be force to find alternatives.
We have already found the alternatives. The price of oil isnt certain to be
high enough for long enough to warrant the considerable investment the
alternatives require with the exception of coal seam gas and oil sands.
> Besides, do we really need more "plastic stuff"
Yep, fuck all of what we consume isnt made of that anymore.
> or do we need our goods and food moving?
They move fine now. The only problem is the cost of moving them.
Clave
news:kfrj54p9boku6k4cb...@4ax.com...
<...>
> LOL. Seems Cheney realized his liability and "corrected" it. LOL. I
> guess he realized he might be called to testify.
>
> http://www.mcclatchydc.com/251/story/40994.html
That is fucking PRICELESS.
Jim
The Trucker
And you seem to believe whatever the Republicans tell you. I am almost
certain that it was a Republican Congressman that said that there are no
Chinese drilling in the Florida Straits. But you picked a bad one because
I am all for drilling that particular oil and the reason is exactly what
you have said. I think we can drill it a lot more safely than can the
Chinese.
> "The U.S. Congress has voted consistently to keep 85% of America's offshore
> oil and gas off-limits, while China and Cuba drill 60 miles from Key West,
> Fla.
There's that Republican lie again. You boys just can't help it. Its ion
the genes.
> The U.S. Minerals Management Service says that the restricted areas
> contain 86 billion barrels of oil and 420 trillion cubic feet of natural
> gas."
>
> http://news.yahoo.com/s/ibd/20080609/bs_ibd_ibd/20080609issues01
>
> And thats just off the Florida coast, that doesn't even include east and
> west coast or ANWAR
You can't even understand your own source. You want so desperately to
give some more of _OUR_ oil to the oil companies that you now believe
that the Florida coast has all the oil that is in the entire area marked
off limits by the Congress. Thank you for showing us that you are an
idiot.
>>
>>> Just don't do it my backyard, huh?
>>> You're the same people that complain about how bad Bush has made us
>>> look to the rest of the world, but don't take any personal
>>> responsiblity of your own for your views.
>>> The word hypocrite comes to mind.
>>> BTW: WTF are we saving "OUR" oil for?
>>
>> Petrochemicals, plastics, and other stuff. We have renewable energy.
>> NO need to invest any more in the limited stuff.
>
> Those are mostly made from byproducts.
> IMO, the quicker we use it up the faster we'll be force to find
> alternatives.
> Besides, do we really need more "plastic stuff" or do we need our goods and
> food moving?
I can see that you are the quintessential Republican.
(Republican marching hymn)
We believe in science where the word of God agrees.
We believe in science that destroys our enemies
We know the end is coming and its coming with great haste
And everything we don't (ab)use will surely go to waste.
Clave
> On Wed, 18 Jun 2008 23:16:58 -0500, ChairMan wrote:
<...>
>> "The U.S. Congress has voted consistently to keep 85% of America's
>> offshore
>> oil and gas off-limits, while China and Cuba drill 60 miles from Key
>> West,
>> Fla.
>
> There's that Republican lie again. You boys just can't help it. Its ion
> the genes.
Even Cheney had to back off:
Vice President Dick Cheney's office has acknowledged that
he erred when telling an audience this week that China is
drilling off the coast of Cuba.
http://www.mcclatchydc.com/251/story/40994.html
Vid...@tcq.net
> <billimmel...@yahoo.com> wrote in message
there are 1000's of capped wells in the u.s.a. right now, just
sitting. there are many untold leases that were issued to the oil
companies, and they are just sitting. the cons and their corporate
masters just want to tie up more reserves in their portfolios for
future gauging. they will leak the oil out slowly, whilst keeping the
oil scarce, and the price will stay high, and leases and wells will
stay capped. our property, will be tied up by them. to your detriment.
singularity
Those are known as non-producing or test wells, you idiot!
> there are many untold leases that were issued to the oil
> companies, and they are just sitting.
Because the seismic surveys came up poorly, fool.
> the cons and their corporate
> masters just want to tie up more reserves in their portfolios for
> future gauging.
I can gauge your stupidity and paranoia quite well, you vermin.
> they will leak the oil out slowly, whilst
Oh stfu, you damned lying whiner!
singularity
http://www.americanfreepress.net/html/china_starts_oil_drilling.html
The Chinese have forged a deal with Cuban leader Fidel Castro to explore
and tap into massive oil reserves almost within sight of Key West,
Florida. At the same time, Venezuelan President Hugo Chavez, who
controls the largest oil reserves in the Western Hemisphere, is making
deals to sell his country?s oil to China, oil that is currently coming
to the United States.
Meanwhile, a new left-wing populist regime in Bolivia has nationalized
the natural gas industry, threatening to cut off supplies to the United
States.
SLANT DRILLING
There are new reports out circulating that Chinese firms are planning to
slant drill off the Cuban coast near the Florida Straits, tapping into
U.S. oil reserves that are estimated at 4.6 billion to 9.3 billion barrels.
China is eager to tap into oil reserves in the Florida Straits and then
make a deal with Castro to control it. The Chinese have already reopened
an abandoned Russian oil refinery in Cuba. Much of the gas refined there
is believed to be destined for Freeport in the Bahamas, where the
Chinese, through front company Hutchison-Whampoa, has developed a
massive port facility and airfield.
With the refinery reopened and expanded it will also meet the needs of
Castro.
Sen. Larry Craig (R-Idaho) has introduced legislation to ease U.S.
restrictions that prevent dealing with Cuba to drill in the Florida
Straits. It is hoped that Florida regulations that prevent U.S. oil
drilling off the state?s coasts could also be eased.
singularity
singularity
> On Wed, 18 Jun 2008 23:16:58 -0500, "ChairMan" <wh...@fu.com> wrote:
>
>> while China and Cuba drill 60 miles from Key West,
>> Fla.
>
>
FUCK YOU LYING SHITBAG!
singularity
> On Wed, 18 Jun 2008 21:25:13 -0700, "Clave"
> <ClaviusNo...@cablespeed.com> wrote:
>
>>>> There are no Chinese rigs drilling on the Cuba side of the Florida
>>>> Strait according people in our government. But there is some truth
>>>> to your MIMBY prosecution.
>>> You believe our government? There's your problem right there
>>> "The U.S. Congress has voted consistently to keep 85% of America's
>>> offshore oil and gas off-limits, while China and Cuba drill 60 miles from
>>> Key West, Fla. The U.S. Minerals Management Service says that the
>>> restricted areas contain 86 billion barrels of oil and 420 trillion cubic
>>> feet of natural gas."
>>>
>>> http://news.yahoo.com/s/ibd/20080609/bs_ibd_ibd/20080609issues01
>> That's an unsourced op-ed, and it's full of shit.
>>
>> http://www.mcclatchydc.com/251/story/40776.html
>
>
READ THE FACTS SHITBAG LIAR!
singularity
> On Wed, 18 Jun 2008 22:22:15 -0700, retro...@comcast.net wrote:
>
>> On Wed, 18 Jun 2008 21:25:13 -0700, "Clave"
>> <ClaviusNo...@cablespeed.com> wrote:
>>
>>>>> Strait according people in our government. But there is some truth
>>>>> to your MIMBY prosecution.
>>>> You believe our government? There's your problem right there
>>>> "The U.S. Congress has voted consistently to keep 85% of America's
>>>> offshore oil and gas off-limits, while China and Cuba drill 60 miles from
>>>> Key West, Fla. The U.S. Minerals Management Service says that the
>>>> restricted areas contain 86 billion barrels of oil and 420 trillion cubic
>>>> feet of natural gas."
>>>>
>>>> http://news.yahoo.com/s/ibd/20080609/bs_ibd_ibd/20080609issues01
>>> That's an unsourced op-ed, and it's full of shit.
>>>
>>> http://www.mcclatchydc.com/251/story/40776.html
>>
>> shoreline. The China-Cuba connection is "akin to urban legend," said
>> Sen. Mel Martinez, a Republican from Florida who opposes drilling off
>> the coast of his state but who backs exploration in ANWR.
>>
>> "China is not drilling in Cuba's Gulf of Mexico waters, period," said
>> Jorge Pinon, an energy fellow with the Center for Hemispheric Policy
>> at the University of Miami and an expert in oil exploration in the
>> Gulf of Mexico. Martinez cited Pinon's research when he took to the
>> Senate floor Wednesday to set the record straight.
>>
>> Even so, the Chinese-drilling-in-Cuba legend has gained momentum and
>> has been swept up in Republican arguments to open up more U.S.
>> territory to domestic production.
>>
>> Vice President Dick Cheney, in a speech Wednesday to the U.S. Chamber
>> of Commerce, picked up the refrain. Cheney quoted a column by George
>> Will, who wrote last week that "drilling is under way 60 miles off
>> Florida. The drilling is being done by China, in cooperation with
>> Cuba, which is drilling closer to South Florida than U.S. companies
>> are."
>>
>>
>> I think Congress should haul Cheney's but in front of a committee and
>> roast him for lying again. These grandiose lies serve as a great
>> entre to hold up how much he personally is liable for lying us into
>> Iraq. he repeatedly told lies on the Sunday talking heads programs
>> even after the intelligence agencies told him thy were lies.
>
>
> LOL. Seems Cheney realized his liability and "corrected" it.
http://www.americanfreepress.net/html/china_starts_oil_drilling.html
Vid...@tcq.net
i see reality is not one of your stronger suits is it. name calling
will not change reality. i see no evidence provided by you that
refutes what i am saying.
Vid...@tcq.net
now there is a name that you can count on to be truthful, the toilet
queen! ROTFLOL!!!!!!!!!!!!!!!
singularity
You whining ignorant fuckwit - you come in spewing paranoia with NO
CITES and ask me to refute your simple-minded delusions?!?!????
WTF is wrong with your damned useless head????
No matter - read the FACTS and welcome to REALITY, you stuttering moron!
http://www.eia.doe.gov/oiaf/analysispaper/congr/
The Energy Information Administration (EIA) collects1 and reports2 total
U.S. crude oil and natural gas reserves. Moreover, the Form EIA-23
survey requires participants to report nonproducing reserves, which can
be used to infer producing reserves, by subtracting nonproducing
reserves from total reserves.
Crude Oil Reserve Trends
nonproducing crude oil reserves grew steadily from 1985 through 2004
rather than growing within a relatively limited time frame like natural
gas. Total nonproducing crude oil reserves grew from 2.6 billion
barrels at year-end 1985 to 5.6 billion barrels at year-end 2004. At
year-end 1985, U.S. nonproducing crude oil reserves were 10 percent of
total crude oil reserves; by year-end 2004, they were 26 percent of
total crude oil reserves.
Offshore Crude Oil Reserves
The Offshore Gulf of Mexico is the only region to post an increase in
total crude oil reserves, although much of this increase was due to the
growth in nonproducing crude oil reserves. Offshore Gulf of Mexico
nonproducing crude oil reserves grew from 0.8 billion barrels at
year-end 1985 to 2.9 billion barrels at year-end 2004. The Offshore
Gulf of Mexico’s increase in nonproducing reserves largely offset the
growth in this region’s total crude oil reserves so that Offshore Gulf
of Mexico producing crude oil reserves increased only slightly from 1.5
billion barrels at year-end 1985 to 1.7 billion barrels at year-end 2004.
A more detailed examination of Offshore Gulf of Mexico nonproducing
crude oil reserves indicates that this region’s increase in nonproducing
crude oil reserves is largely a Louisiana-Federal Offshore phenomenon
(Figure 5).9 At year-end 2004, the Louisiana-Federal Offshore region
accounted for 2.7 billion barrels of out of the 5.6 billion barrels of
U.S. nonproducing crude oil reserves, which was 48 percent of the U.S.
nonproducing crude oil reserves.
Onshore Crude Oil Reserves
Nonproducing crude oil reserves increased in most onshore regions. The
largest increase in onshore nonproducing crude oil reserves occurred in
the Southwest, which increased by 580 million barrels, going from 140
million barrels at year-end 1985 to 720 million barrels at year-end
2004. The Southwest region is also notable for posting the largest
volumetric drop in onshore producing crude oil reserves, which declined
from 5.7 billion barrels at year-end 1985 to 3.7 billion barrels at
year-end 2004. The Rocky Mountain region posted the next largest
increase in onshore lower 48 nonproducing crude oil reserves, by
increasing 300 million barrels from year-end 1985 through year-end 2004.
Nonproducing crude oil reserves increased in most onshore regions. The
largest increase in onshore nonproducing crude oil reserves occurred in
the Southwest, which increased by 580 million barrels, going from 140
million barrels at year-end 1985 to 720 million barrels at year-end
2004. The Southwest region is also notable for posting the largest
volumetric drop in onshore producing crude oil reserves, which declined
from 5.7 billion barrels at year-end 1985 to 3.7 billion barrels at
year-end 2004. The Rocky Mountain region posted the next largest
increase in onshore lower 48 nonproducing crude oil reserves, by
increasing 300 million barrels from year-end 1985 through year-end 2004.
Potential Causes for the Growth in Nonproducing Crude Oil and Natural
Gas Reserves
Onshore, the growth in nonproducing crude oil and natural gas reserves
could reflect the development constraints caused by environmental
regulations and litigation. Some of this litigation is by parties
wishing to stop drilling and production on State and Federal lands.
Some of this litigation is by surface owners who do not own the crude
oil and natural gas mineral rights, and therefore have no direct
financial incentive to permit crude oil and natural gas drilling and
infrastructure on their land. Instead, the surface owners have a
financial incentive to litigate the drilling and production of crude oil
and natural gas in order to extract as large a rent concession from the
mineral producer as possible.
Offshore, the growth in nonproducing crude oil and natural gas reserves
could reflect an increase in the time required to bring an offshore
project into production, as the crude oil and natural gas industry
progresses from the shallow-water Gulf of Mexico into the deep-water
Gulf. The dramatic rise in Louisiana-Federal Offshore nonproducing
crude oil reserves is consistent with this hypothesis; because most of
the Gulf’s deep-water crude oil and natural gas development is occurring
in this region.
Another potential cause for the growing proportion of nonproducing crude
oil and natural gas reserves could be that the crude oil and natural gas
industry might have increasingly relied on improvements in the
collection, processing, and interpretation of seismic data to delineate
the dimensions of newly discovered fields as a substitute for drilling
field delineation wells.10 If new crude oil and natural gas reserves
were increasingly being determined by seismic data rather than by the
existence of producing wells, then this would increase the proportion of
nonproducing crude oil and natural gas reserves relative to total
reserves. There is, however, no direct evidence to confirm whether this
is the case.
Conclusions
The Form EIA-23 survey’s collection of nonproducing reserves data
permits an evaluation of those crude oil and natural gas reserves which
are available to the crude oil and natural gas markets, and those crude
oil and natural gas reserves which are not available to the markets, but
which are expected to be available sometime in the future. In this
context, the EIA producing and nonproducing reserve concepts are similar
to, but not equivalent to the SEC definitions of proved developed
reserves and proved undeveloped reserves.
The growth in nonproducing reserves is a phenomenon common to both crude
oil and natural gas from year-end 1985 through year-end 2004 and is
apparent in all the major domestic crude oil and natural gas basins.
There are, however, some significant differences in this phenomenon as
it pertains to crude oil and natural gas.
The increase in nonproducing natural gas reserves occurred over a
relatively short 7 year period (i.e., from year-end 1997 through
year-end 2004), and accounted for 80 percent of the new incremental
growth in total natural gas reserves during this period. In contrast,
the growth in nonproducing crude oil reserves has occurred at a
relatively consistent pace over the 1985 through 2004 period.
The rise in nonproducing crude oil reserves is largely a
Louisiana-Federal Offshore region phenomenon, while the growth in
nonproducing natural gas reserves is largely an onshore lower 48 phenomenon.
The growing proportion of nonproducing crude oil reserves relative to
total crude oil reserves has accelerated the decline in producing crude
oil reserves, whereas the growth in nonproducing natural gas reserves
has served more to limit the growth in producing natural gas reserves.
singularity
No factual rebuttal, thanks for taking the bait- hook,line and sinker.
You stupid piece of shit.
ztc
> >> Sen. Larry Craig (R-Idaho) has introduced legislation to ease U.S.
> >> restrictions that prevent dealing with Cuba to drill in the Florida
> >> Straits. It is hoped that Florida regulations that prevent U.S. oil
> >> drilling off the state?s coasts could also be eased.
>
> > now there is a name that you can count on to be truthful,
>
> No factual rebuttal, thanks for taking the bait- hook,line and sinker.
Larry Craig must have drilled into your ass for you to be whoring for
this BS. Of course it won't ever bring the price of a gallon of gas
down but it will make a few greedy @$$holes even richer if they can
scam enough people.
Vid...@tcq.net
there are literally 1000's of stripper wells that were capped in
america in the late 1970's because it was cheaper to import the oil,
and they are all over america, and they remain capped.
there is no way that they can make up for the shortfall, and i never
said they would. what i said is that they should exploit what they
have first, before coming to the government hat in hand. of course you
knew this, you are a paid oil company shill.
then there are the whole fields that are capped like gull island. so,
i do not need to call you names, except shill.
Vid...@tcq.net
http://www.boiseweekly.com/gyrobase/Content?oid=oid%3A156914
Lifetime achievement
This year's Lifetime Achievement Dud goes to part-time senator/full-
time special interest shill Larry Craig, who has collected so many
duds over the years, we figure he must be renting a wall in a FEMA
operations center somewhere on which to hang them all.
This year, even after an exhausting 25 years feeding at the public
trough, Craig managed to hit a three-dudder. First, he introduced
legislation granting immunity to gun manufacturers for any liability
on damage, death and destruction their products might bring about--a
pre-emptive strike on those whiny survivors who lose a loved one to
the pandemic of gun violence. Then, on the principle that no
information is the best information when it comes to protecting the
interests of his powerful patrons, he de-funded the Fish Passage
Center--an agency that keeps track of how many salmon and steelhead
return to the Northwest every year.
But the most flamboyant display of Craigish insensitivity was when he
offended the entire nation by suggesting it would be best if New
Orleans was never rebuilt, seeing as how the town is so rife with
corruption and pay-offs. (And if anyone from Idaho knows a thing or
two about pay-offs, it has to be Larry Craig.)
With this level of arrogance, we here at BW have come to the opinion
that Craig has earned the distinction of being the first inductee into
Idaho's Hall of Dud-dom. We will even spring for a life-sized bronze
bust of Senator Larry in his prime--should he ever get there.
singularity
> On Jun 19, 1:00 pm, singularity <r...@kurtz.wheel> wrote:
> there are literally 1000's of stripper wells that were capped in
> america in the late 1970's because it was cheaper to import the oil,
> and they are all over america, and they remain capped.
Didn't like the EIA analysis fool?
Right back at ya!
http://www.eia.doe.gov/oiaf/analysispaper/congr/
Crude Oil Reserve Trends
Offshore Crude Oil Reserves
Onshore Crude Oil Reserves
Conclusions
> there is no way that they can make up for the shortfall, and i never
> said they would. what i said is that they should exploit what they
> have first,
They already are:
http://www.rigzone.com/store/product.asp?p_id=408
Primer of Oilwell Service, Workover, and Completion
Author: Kate Van Dyke
Format: Paperback
Pages: 172
ISBN: 0-88698-175-1
Publisher: PETEX
Year Published: 1996
Item Number: 100-408
Availability: In Stock $52.00
From the Book:
Conclusion
The tens of thousands of well producing all over the world cannot begin
to produce or continue to do so efficiently without the efforts of
completion, well servicing, and workover personnel. Using sophisticated
techniques and equipment, these people start and keep oil and gas
flowing, from tiny 10-barrel-a-day "stripper wells" to giant gas wells
producing millions of cubic feet (cubic metres) of gas each day.
Whether using a simple truck-mounted swabbing unit or a complicated
jackup offshore unit, well service and workover companies the world over
keep one our most vital resources - petroleum - available to us when and
where we need it.
> before coming to the government hat in hand. of course you
> knew this, you are a paid oil company shill.
LOL!
Oh I do wish I had that gig, but sorry, fool, you guessed wrong again!
> then there are the whole fields that are capped like gull island. so,
> i do not need to call you names, except shill.
Oh, a conspiracy buff eh?
Ya, this is real credible stuff:
http://www.rr-bb.com/showthread.php?t=48672
Alaska’s Gull Island Oil Fields Could Power U.S. for 200 Years
By Mark Anderson
“Crude oil is the real ‘currency’ of the world,” said Lindsey Williams
at a gathering of the Midwest Concerned Citizens group in Kansas City on
July 22. But Americans will never hear about huge oil and gas reserves
in the United States, which, if ever tapped, would bring today’s fuel
prices at least as low as $1.50 per gallon and make America more energy
independent.
As a Baptist missionary in the 1970s, Williams said he rubbed elbows
with members of the world’s power elite—who boasted of detailed 30-year
and 50-year plans to control the flow of oil and information.
A huge quantity of crude oil and natural gas exists under Gull Island,
located in the waters of Prudhoe Bay in Alaska, says Williams. He cited
key British Petroleum memoranda and related the statements of upper
echelon oil officials who told him that Gull Island would be kept under
wraps, limiting domestic supplies so Americans would someday see prices
hit up to $10 a gallon at the pump.
“Every issue in the world today relates to crude oil,” said Williams.
The U.S. occupation of Iraq and the saber rattling about attacking Iran
fit into the crude oil matrix.
...
The big event in that three-year period was in 1977 when an Atlantic
Richfield oil executive told him, “We have just drilled into the largest
pool of oil in North America—[and] in the world!”
That pool was Gull Island. It was said that there was enough natural gas
to supply America for 200 years. But to this day, “not one drop” of that
oil has been released to American refineries, Williams said.
Williams said the executive had warned him that the Gull Island find was
highly classified. Do not repeat any of this, he was told. Obviously,
that warning did not stop him.
http://www.americanfreepress.net/htm...sland_oil.html
You're being lied to and manipulated:
View THIS:
http://video.google.com/videoplay?do...67011147&hl=en
These are the FACTS!
Lindsey Williams talks about his first hand knowledge of Alaskan oil
reserves larger than any on earth. Gas less than $1.50 a gallon! Imagine
that!
Here's another one:
http://www.youtube.com/watch?v=CC61X78-OI0 (A few years later, it's
still true. Truth doesn't change!)
So who is this Lindsey Williams ?
Lindsey Williams, who has been an ordained Baptist minister for 28
years, went to Alaska in 1971 as a missionary. The Transalaska oil
pipeline began its construction phase in 1974, and because of Mr.
Williams' love for his country and concern for the spiritual welfare of
the "pipeliners," he volunteered to serve as Chaplain on the pipeline,
with the subsequent full support of the Alyeska Pipeline Company.
Because of the executive status accorded to him as Chaplain, he was
given access to the information that is documented in this book.
After numerous public speaking engagements in the western states,
certain government officials and concerned individuals urged Mr.
Williams to put into print what he saw and heard, stating that they felt
this information was vital to national security. Mr. Williams firmly
believes that whoever controls energy controls the economy. Thus, The
Energy Non-Crisis.
Because of the outstanding public response that has been generated by
this book, Lindsey Williams is in great demand for speaking engagements,
radio, and TV shows.
More here:
singularity
That's it?
You took the bait hook line and sinker!
You moron.
Vid...@tcq.net
> Vide...@tcq.net wrote:
> > On Jun 19, 1:00 pm, singularity <r...@kurtz.wheel> wrote:
> > there are literally 1000's of stripper wells that were capped in
> > america in the late 1970's because it was cheaper to import the oil,
> > and they are all over america, and they remain capped.
>
> Didn't like the EIA analysis fool?
>
> Right back at ya!
perhaps something coming out of the bush administration is suspect at
best, outright lies for sure. right back at you,
http://news.yahoo.com/s/nm/20080612/pl_nm/usa_congress_energy_dc
House Republicans vow push on oil drilling
By Donna Smith
Thu Jun 12, 3:58 PM ET
WASHINGTON (Reuters) - Congressional Republicans vowed on Thursday to
make a major push for more U.S. oil and gas drilling and in the
process force Democrats to cast difficult votes at a time of
skyrocketing gasoline prices.
With the November congressional and presidential elections looming,
Republicans and Democrats in the U.S. House of Representatives are
blaming each other for rising energy costs and gasoline prices that
are topping $4 a gallon.
Republicans cited Democratic opposition to opening up the Arctic
National Wildlife Refuge and more offshore areas to oil and gas
exploration and drilling.
House Minority Leader John Boehner of Ohio said Republicans would try
to raise public awareness and force more votes on the issue. He said
Republicans would back a comprehensive approach of more oil and gas
drilling as well as energy conservation and moves toward alternative
fuels supported by Democrats.
"Over the next five months, House Republicans will fight every single
day to hold Democrats accountable for their dismal record on producing
more energy in our country," Boehner told reporters.
Many democrats oppose opening ANWR and more offshore sites to oil and
gas drilling and support conservation and developing more alternative
energy sources to reduce U.S. dependence on foreign oil. But
Republicans believe rising gasoline prices will build public support
for expanding U.S. oil and gas development.
"We cannot drill our way out of this," House Speaker Nancy Pelosi of
California countered. Opening the wildlife refuge in Alaska would
reduce U.S. gasoline prices by one penny per gallon, she said. She and
other Democrats blame President George W. Bush's energy policies for
the gasoline price spike.
"A barrel of oil now costs four times more than it did when President
Bush took office," Pelosi said. "Two oil men in the White House, cost
of oil four times higher. Price at the pump: $4 a gallon."
She said oil companies already lease about 68 million acres of land
that is not being drilled. She questioned why oil companies were
pushing to open up the ANWR in Alaska when so many acres they
currently hold are not being developed.
On that point, a group of Democratic lawmakers introduced legislation
that would compel oil companies to drill in lands they are now leasing
from the federal government.
"Oil corporations are trying to take control of as much land now
during the oil-friendly Bush administration years, but are holding off
on drilling until the price of oil soars to $200 or $300 a barrel so
they can make even greater profits," said Rep. Maurice Hinchey, a New
York Democrat and a sponsor of the drilling bill.
The bill would force oil companies to pay fees for leased lands that
go unused. The fees would increase over time. Republicans argue
current law already requires oil companies to "use or lose" the lands
they lease.
(Reporting by Donna Smith; Editing by David Alexander and Christian
Wiessner)
http://www.watchblog.com/thirdparty/archives/006040.html
They want it all. The very heart and soul of the oil industry is an
unfettered and unlimited access to all suspected deposits of oil
reserves, they sit on proven reserves till the price goes up, then
they dribble it out, It is therefore, crucial to the oil corporations
to secure leases on all potential oil reserves
June 18, 2008
Oil & Gasoline: The Politics
There is a factual story to be told about the multi-million dollar war
being waged between the Oil and Gas and Republican team on the one
side, and the Democrats, consumer, and environmental groups on the
other. The factual story however, leaves much room for guesswork as to
why the facts are as they are. Let’s examine this story as logically
as possible.
Folks don't want oil derricks in on their front lawns, town squares,
or Central Park. Hence, laws were passed ages ago regulating where
mining and drilling operations may take place, to protect towns,
farmlands, and even waterways, all necessary to American life.
The cost to the oil industry to buy up private properties where oil
might sit, is a very expensive proposition. Oil companies seek oil
deposits in the least expensive places possible to drill. Those places
happen to be on Federal lands, bought and paid for by taxpayers,
otherwise called the Public, and offshore.
Therefore, the Oil based corporations seek control of the reins of
government power to avail themselves and shareholders of the least
cost and maximum profit potential as possible, both now and into the
distant future. These oil corporations are spending millions on TV
advertising promoting an image of responsible management of America's
energy needs, as environmentally friendly investors in the future, and
in lobbying efforts seeking the authority to drill wherever and
whenever it will be most profitable.
The Republicans are tied to these oil corporation efforts by campaign
contributions, and more importantly, by their supporter's major
investments in oil stocks and corporations. Democrats are being
lobbied by the oil corporations as well, but view themselves as the
champions of the environment and alternative non-polluting energy
sources, which a majority of Americans also sanction. And here lies
the field of battle between the Democrats, Environmentalists, and
Coastal local governments on the one side, and Republicans, oil
corporations and their shareholders on the other.
10's of billions in tax payer dollars are the prize being fought for
on the U.S. Congress floor. Democrats want to subsidize alternative
energy source innovation and production and foster independence from
foreign oil which will require a long term commitment to that goal.
Republicans want the oil companies to have nearly unrestricted access
to oil deposits anywhere and anytime they discover them even though,
this would reduce dependence upon imported oil very little as our
domestic demand will increase as domestic supplies are increased.
However, more native oil supplies would mean more profits for American
oil corporations into the future.
It is a fact that the U.S. government has issued vast leases for oil
drilling on land and offshore which the oil corporations have sat on
without drilling them. There are 1 million square acres of Gulf Of
Mexico oil leases purchased by oil corporations which remain untapped.
Which begs the question, why are oil corporations fighting for oil
rights on the East and West Coast continental shelves and the Arctic
National Wildlife Refuge (ANWR) when they have leases for vast areas
of federal lands and offshore sites which they have not begun to
drill?
It is a question no one in government or the media seems to want to
ask, nor are capable of answering with certainty and evidence. Which
leaves the answer open to speculation. But, there is an obvious
answer. This little known fact of sitting on, and not drilling,
available oil field leases has the effect of lowering oil supply of
domestic oil. Which in turn creates both higher profits on current oil
tapped as well as, and this is important, the illusion that there is
an emergency situation regarding shortage of oil the Republicans and
oil corporations can use to argue their need to get leases for areas
previously denied them.
They want it all. The very heart and soul of the oil industry is an
unfettered and unlimited access to all suspected deposits of oil
reserves. If alternative sources of energy are found to replace oil,
the oil corporations are out of the oil business, which has been an
extremely profitable business to be in. It is therefore, crucial to
the oil corporations to secure leases on all potential oil reserves
BEFORE such alternative energy sources are developed. Once alternative
energy sources and technologies are developed and marketed to the
point of being cost competitive with oil based energy, the oil
industry will immediately become less profitable as it competes with
alternatives for a lower price.
The oil industry with record profits today, can afford to fight this
battle on the airwaves and in the Congress to secure access to all of
America's oil reserves. Once alternatives to oil energy are
marketable, their profits will reduce, and the costs of fighting these
battles with environmentalists and Democrats will become less
affordable. Therefore, it is in their interest to promote the false
image of oil shortages and emergency need to secure access to all oil
reserves everywhere, despite the fact that millions of acres untapped
leases to drill are already available to the oil corporations.
This "crisis" is their means of swaying both the public and the
Congress to grant rights to drill on the East and West Coasts and
ANWR, while they can afford to wage that public perception war. There
are many issues being fought over, federalism and state's rights to
preserve the aesthetics and tourism industries for their coast lines,
for example, and taxation of oil corporations while they are reaping
historical records in profits. But, the core and central issue is
whether oil will remain the mainstay of energy and product development
for the rest of this century, or not.
In other words, this is a battle between the oil industry of the 20th
century, and alternative energy industries present and future of the
21st century. This is a transition point in history. There is every
indication that if sufficient investments are made today in
alternative energies and non-oil based technologies, that America
could become extremely oil independent, not just independent of
foreign oil imports, over the next 25 years. That would spell an
unprecedented decline in the oil industry and severe contraction in
their profitability margins throughout the rest of this century and
beyond.
The oil industry and Republicans view the Democrat's proposal to
increase taxes on oil corporations and invest those revenues in the
demise of the oil industry by fostering research and development of
alternative energies and technologies as unconscionable. The
Democrat's and Environmentalist's view as unconscionable the Oil
industry's sitting on thousands of untapped oil drilling leases, all
the while crying oil shortage.
You will hear Republicans say drilling in ANWR will reduce our oil
dependence. This will be true, 10 years from now, and perhaps for no
more than a couple years. You will hear Democrats say taxing oil
corporations and funding energy alternatives with those taxes will
reduce our dependence on foreign oil. This may be true in from 5 to 20
years from now, depending on how quickly alternatives can be perfected
and marketed. The bottom line is, higher oil prices are hear to stay
until competitive alternatives are put in place. Oil may drop as low
as $80 to $100 per barrel in the future for a short period. That drop
however, will only be part of a 2 steps higher one step lower trend in
oil prices, until there is an available competitively priced
alternative energy source for oil.
Gasoline is a matter of refinery capacity. There is no oil shortage in
the world. We know this because not a single oil tanker anywhere in
the world has pulled up to a port to fill up and been turned away
empty or less than full. In America, there is an oil refinery capacity
problem which creates seasonal and regional gasoline shortages. As
these shortages occur more frequently, the price of gasoline spikes
higher. And because they are occurring more frequently, the price dips
don't dip as low as the previous one. This creates a trend of ever
higher gasoline prices overall.
There is also the speculative pressure on gasoline prices. If the
Democrats and environmentalists and alternative energy technology
start-ups win their battle against the oil industry and Republicans,
there will be no need for newer oil refineries. This makes the
investment in new oil refineries a very risky one, until the outcome
of the war over oil is determined.
It is crucial for the future of America that voters and the public
bear this discussion in mind going forward. It is after all, their,
and our children's future and pocketbooks which are hanging in the
balance. It is the environmental quality of our nation and earth also
hanging in the balance.
Some excellent article sources for the political battles being waged
over this issue are:
Billions could be lost in Gulf oil leases.
Happy Earth Day, How About An Oil Lease?
Democrats take jab at holders of unused oil leases.
Posted by David R. Remer at June 18, 2008 04:51 PM
we know they are sitting on untapped oil, shill.
Vid...@tcq.net
if you think larry is honest, then you took the ungreased wooden pole
where the sun don't shine, snicker!!!!!!!!!!!!!!
singularity
> we know they are sitting on untapped oil, shill.
At Gull Island, right...conspiracy KOOK!
singularity
Can you refute the legislation introduced?
No?
Then STFU.
Vid...@tcq.net
> Vide...@tcq.net wrote:
> > we know they are sitting on untapped oil, shill.
>
> At Gull Island, right...conspiracy KOOK!
the non drilling of millions of acres, and the refusal to uncap
1000's of stripper wells is a conspiracy, what do you think we are
talking about? they want more land to lease, yet they say they cannot
even supply the needed skilled workers and equipment to even develop
what they have now.
when its tapped, regardless of where it is, you will disappear, or
change your handle hey shill:)
Vid...@tcq.net
they should be forced into putting up, or shutting up. they should
put their money where there mouth is. i bet you want me to shut up eh
shill:)
singularity
> On Jun 19, 6:17 pm, singularity <r...@kurtz.wheel> wrote:
>> Vide...@tcq.net wrote:
>>> we know they are sitting on untapped oil, shill.
>> At Gull Island, right...conspiracy KOOK!
>
> the non drilling of millions of acres,
Do you have some independent data sources or corroborative urls to back
up what that guy said?
I mean, really, just go for it, put them here:______________________.
singularity
SHADDUP ASSHOLE!
Vid...@tcq.net
then, why have the cons not called the democrats out when they stated
it? the democrats announced that charge right in front of the whole
world. so, refute it. also refute the oil companies statements that
they do not even have the resources to develop what they already have
leased, yet, they are wanting more, eh, shill.
Vid...@tcq.net
snicker!
Clave
news:f840a28f-6dc3-4ffe...@c65g2000hsa.googlegroups.com...
That's our Spammy. Changes nyms daily, thinks it keeps her out of
killfiles.
Here's all you need to know about her:
http://en.wikipedia.org/wiki/Crapflooding
HTH,
Jim
Vid...@tcq.net
wrote:
> <Vide...@tcq.net> wrote in message
yea, i have seen the creep all over the net for years. insults will
not replace reality. you would think a butterfly net would have
snagged her by now:)
yedyegiss
> On Jun 20, 1:03 am, "Clave" <ClaviusNoSpamDam...@cablespeed.com>
> wrote:
>
>>That's our Spammy. Changes nyms daily, thinks it keeps her out of
>>killfiles.
>>
>>Here's all you need to know about her:
>>
>>http://en.wikipedia.org/wiki/Crapflooding
>>
> yea, i have seen the creep all over the net for years. insults will
> not replace reality. you would think a butterfly net would have
> snagged her by now:)
You don't use a butterfly net to flush shit down the toilet, so that's
probably why it hasn't worked yet.
edelbrock
> On Jun 19, 11:14 pm, singularity <r...@kurtz.wheel> wrote:
>> Vide...@tcq.net wrote:
>>> On Jun 19, 6:17 pm, singularity <r...@kurtz.wheel> wrote:
>>>> Vide...@tcq.net wrote:
>>>>> we know they are sitting on untapped oil, shill.
>>>> At Gull Island, right...conspiracy KOOK!
>>> the non drilling of millions of acres,
>> Do you have some independent data sources or corroborative urls to back
>> up what that guy said?
>>
>> I mean, really, just go for it, put them here:______________________.
>
> then, why have the cons
That would be NO CITE, NO EVIDENCE, NOTHING at all.
As predicted.
edelbrock
There's our clam, nothing substantive to say, lives in killfiles.
edelbrock
Yet when pressed for facts and cites you folded like a cheap card table,
you motherfucking lying piece of shit.
edelbrock
DROP DAMNED DEAD YOU LYING PIECE OF SHIT!
Vid...@tcq.net
> Vide...@tcq.net wrote:
> > On Jun 19, 11:14 pm, singularity <r...@kurtz.wheel> wrote:
> >> Vide...@tcq.net wrote:
> >>> On Jun 19, 6:17 pm, singularity <r...@kurtz.wheel> wrote:
> >>>> Vide...@tcq.net wrote:
> >>>>> we know they are sitting on untapped oil, shill.
> >>>> At Gull Island, right...conspiracy KOOK!
> >>> the non drilling of millions of acres,
> >> Do you have some independent data sources or corroborative urls to back
> >> up what that guy said?
>
> >> I mean, really, just go for it, put them here:______________________.
>
> > then, why have the cons
>
> That would be NO CITE, NO EVIDENCE, NOTHING at all.
>
> As predicted.
as predicted, a different handle. snicker. evidence, someone like
you needs none. you already know what the articles states is true.
Vid...@tcq.net
you already have them crank,
what is the definition of a crank? one who gives out advise that
makes no sense at all.
what is the definition of a crank? one who accepts, or embraces
advise that makes no sense at all.
definition of a cult:Confusing Doctrine Encouraging blind acceptance
and rejection of logic through complex lectures on an incomprehensible
doctrine, Chanting and Singing Eliminating non-cult ideas through
group repetition of mind-narrowing chants or phrases
Vid...@tcq.net
you still have not refuted what the democrats have stated that there
are millions of acres of leased land standing idle crank:)
edelbrock
> On Jun 20, 1:56 pm, edelbrock <m...@i.fold> wrote:
>> Vide...@tcq.net wrote:
>>> On Jun 19, 11:14 pm, singularity <r...@kurtz.wheel> wrote:
>>>> Vide...@tcq.net wrote:
>>>>> On Jun 19, 6:17 pm, singularity <r...@kurtz.wheel> wrote:
>>>>>> Vide...@tcq.net wrote:
>>>>>>> we know they are sitting on untapped oil, shill.
>>>>>> At Gull Island, right...conspiracy KOOK!
>>>>> the non drilling of millions of acres,
>>>> Do you have some independent data sources or corroborative urls to back
>>>> up what that guy said?
>>>> I mean, really, just go for it, put them here:______________________.
>>> then, why have the cons
>> That would be NO CITE, NO EVIDENCE, NOTHING at all.
>>
>> As predicted.
>
> as predicted, a different handle.
No facts, you simply whimped out, you lying scumbag.
edelbrock
Not from you, assburp!
edelbrock
Here's a clue, oil companies paid big $$ for those leases, do you
believe they'd let them sit idle if there was oil to be had at today's
prices?
Just screw some damned brains in and try and logically ponder things,
you detestable assburp.
Vid...@tcq.net
snicker, nothing i see. at least you have not changed handles again,
how many do you have sweetie:)
Vid...@tcq.net
snicker, still nothing. why aren't you going after the democrats for
their alleged lying? because they are not, ROTFLOL!!!!!!!!!
Vid...@tcq.net
so you do admit that there are leases. we are making progress:)
do you
> believe they'd let them sit idle if there was oil to be had at today's
> prices?
>
why yes, how do you think they manufactured this crisis in the first
place. you know nothing about economics i see. scarcity is the friend
of the free market.
> Just screw some damned brains in and try and logically ponder things,
> you detestable assburp.
supply and demand evades you. quite embarrassing yourself.
edelbrock
Nothing you say or add.
edelbrock
Agreed, you have nothing.
edelbrock
You fucking moron, I never once intimated there were not.
Wake up, asshat.
> do you
>> believe they'd let them sit idle if there was oil to be had at today's
>> prices?
>>
>
> why yes, how do you think they manufactured this crisis in the first
> place.
Right...black helicopter alert!
> you know nothing about economics i see. scarcity is the friend
> of the free market.
If they have the oil they will produce it to pay for the leases.
>> Just screw some damned brains in and try and logically ponder things,
>> you detestable assburp.
>
> supply and demand evades you. quite embarrassing yourself.
Paranoiac conspiracy defines you - provide some facts, ah well, no
matter - right back to it:
http://www.eia.doe.gov/oiaf/analysispaper/congr/
The Energy Information Administration (EIA) collects1 and reports2 total
U.S. crude oil and natural gas reserves. Moreover, the Form EIA-23
survey requires participants to report nonproducing reserves, which can
be used to infer producing reserves, by subtracting nonproducing
reserves from total reserves.
Crude Oil Reserve Trends
nonproducing crude oil reserves grew steadily from 1985 through 2004
rather than growing within a relatively limited time frame like natural
gas. Total nonproducing crude oil reserves grew from 2.6 billion
barrels at year-end 1985 to 5.6 billion barrels at year-end 2004. At
year-end 1985, U.S. nonproducing crude oil reserves were 10 percent of
total crude oil reserves; by year-end 2004, they were 26 percent of
total crude oil reserves.
Offshore Crude Oil Reserves
The Offshore Gulf of Mexico is the only region to post an increase in
total crude oil reserves, although much of this increase was due to the
growth in nonproducing crude oil reserves. Offshore Gulf of Mexico
nonproducing crude oil reserves grew from 0.8 billion barrels at
year-end 1985 to 2.9 billion barrels at year-end 2004. The Offshore
Gulf of Mexico’s increase in nonproducing reserves largely offset the
growth in this region’s total crude oil reserves so that Offshore Gulf
of Mexico producing crude oil reserves increased only slightly from 1.5
billion barrels at year-end 1985 to 1.7 billion barrels at year-end 2004.
A more detailed examination of Offshore Gulf of Mexico nonproducing
crude oil reserves indicates that this region’s increase in nonproducing
crude oil reserves is largely a Louisiana-Federal Offshore phenomenon
(Figure 5).9 At year-end 2004, the Louisiana-Federal Offshore region
accounted for 2.7 billion barrels of out of the 5.6 billion barrels of
U.S. nonproducing crude oil reserves, which was 48 percent of the U.S.
nonproducing crude oil reserves.
Onshore Crude Oil Reserves
Nonproducing crude oil reserves increased in most onshore regions. The
largest increase in onshore nonproducing crude oil reserves occurred in
the Southwest, which increased by 580 million barrels, going from 140
million barrels at year-end 1985 to 720 million barrels at year-end
2004. The Southwest region is also notable for posting the largest
volumetric drop in onshore producing crude oil reserves, which declined
from 5.7 billion barrels at year-end 1985 to 3.7 billion barrels at
year-end 2004. The Rocky Mountain region posted the next largest
increase in onshore lower 48 nonproducing crude oil reserves, by
increasing 300 million barrels from year-end 1985 through year-end 2004.
Nonproducing crude oil reserves increased in most onshore regions. The
largest increase in onshore nonproducing crude oil reserves occurred in
the Southwest, which increased by 580 million barrels, going from 140
million barrels at year-end 1985 to 720 million barrels at year-end
2004. The Southwest region is also notable for posting the largest
volumetric drop in onshore producing crude oil reserves, which declined
from 5.7 billion barrels at year-end 1985 to 3.7 billion barrels at
year-end 2004. The Rocky Mountain region posted the next largest
increase in onshore lower 48 nonproducing crude oil reserves, by
increasing 300 million barrels from year-end 1985 through year-end 2004.
Potential Causes for the Growth in Nonproducing Crude Oil and Natural
Gas Reserves
Onshore, the growth in nonproducing crude oil and natural gas reserves
could reflect the development constraints caused by environmental
regulations and litigation. Some of this litigation is by parties
wishing to stop drilling and production on State and Federal lands. Some
of this litigation is by surface owners who do not own the crude oil and
natural gas mineral rights, and therefore have no direct financial
incentive to permit crude oil and natural gas drilling and
infrastructure on their land. Instead, the surface owners have a
financial incentive to litigate the drilling and production of crude oil
and natural gas in order to extract as large a rent concession from the
mineral producer as possible.
Offshore, the growth in nonproducing crude oil and natural gas reserves
could reflect an increase in the time required to bring an offshore
project into production, as the crude oil and natural gas industry
progresses from the shallow-water Gulf of Mexico into the deep-water
Gulf. The dramatic rise in Louisiana-Federal Offshore nonproducing
crude oil reserves is consistent with this hypothesis; because most of
the Gulf’s deep-water crude oil and natural gas development is occurring
in this region.
Another potential cause for the growing proportion of nonproducing crude
oil and natural gas reserves could be that the crude oil and natural gas
industry might have increasingly relied on improvements in the
collection, processing, and interpretation of seismic data to delineate
the dimensions of newly discovered fields as a substitute for drilling
field delineation wells.10 If new crude oil and natural gas reserves
were increasingly being determined by seismic data rather than by the
existence of producing wells, then this would increase the proportion of
nonproducing crude oil and natural gas reserves relative to total
reserves. There is, however, no direct evidence to confirm whether this
is the case.
Conclusions
The Form EIA-23 survey’s collection of nonproducing reserves data
permits an evaluation of those crude oil and natural gas reserves which
are available to the crude oil and natural gas markets, and those crude
oil and natural gas reserves which are not available to the markets, but
which are expected to be available sometime in the future. In this
context, the EIA producing and nonproducing reserve concepts are similar
to, but not equivalent to the SEC definitions of proved developed
reserves and proved undeveloped reserves.
The growth in nonproducing reserves is a phenomenon common to both crude
oil and natural gas from year-end 1985 through year-end 2004 and is
apparent in all the major domestic crude oil and natural gas basins.
There are, however, some significant differences in this phenomenon as
it pertains to crude oil and natural gas.
The increase in nonproducing natural gas reserves occurred over a
relatively short 7 year period (i.e., from year-end 1997 through
year-end 2004), and accounted for 80 percent of the new incremental
growth in total natural gas reserves during this period. In contrast,
the growth in nonproducing crude oil reserves has occurred at a
relatively consistent pace over the 1985 through 2004 period.
The rise in nonproducing crude oil reserves is largely a
Louisiana-Federal Offshore region phenomenon, while the growth in
nonproducing natural gas reserves is largely an onshore lower 48 phenomenon.
The growing proportion of nonproducing crude oil reserves relative to
total crude oil reserves has accelerated the decline in producing crude
oil reserves, whereas the growth in nonproducing natural gas reserves
has served more to limit the growth in producing natural gas reserves.
Vid...@tcq.net
you keep posting known propaganda shill. besides, your feeble
attempts at confusion are hilarious. either that or your multiple
personalites are showing:)
http://www.watchblog.com/thirdparty/archives/006040.html
They want it all. The very heart and soul of the oil industry is an
unfettered and unlimited access to all suspected deposits of oil
reserves, they sit on proven reserves till the price goes up, then
they dribble it out, It is therefore crucial to the oil corporations
to secure leases on all potential oil reserves
June 18, 2008
Oil & Gasoline: The Politics
There is a factual story to be told about the multi-million dollar war
being waged between the Oil and Gas and Republican team on the one
side, and the Democrats, consumer, and environmental groups on the
other. The factual story however, leaves much room for guesswork as to
why the facts are as they are. Let’s examine this story as logically
as possible.
Folks don't want oil derricks in on their front lawns, town squares,
or Central Park. Hence, laws were passed ages ago regulating where
mining and drilling operations may take place, to protect towns,
farmlands, and even waterways, all necessary to American life.
The cost to the oil industry to buy up private properties where oil
might sit, is a very expensive proposition. Oil companies seek oil
deposits in the least expensive places possible to drill. Those places
happen to be on Federal lands, bought and paid for by taxpayers,
otherwise called the Public, and offshore.
Therefore, the Oil based corporations seek control of the reins of
government power to avail themselves and shareholders of the least
cost and maximum profit potential as possible, both now and into the
distant future. These oil corporations are spending millions on TV
advertising promoting an image of responsible management of America's
energy needs, as environmentally friendly investors in the future, and
in lobbying efforts seeking the authority to drill wherever and
whenever it will be most profitable.
The Republicans are tied to these oil corporation efforts by campaign
contributions, and more importantly, by their supporter's major
investments in oil stocks and corporations. Democrats are being
lobbied by the oil corporations as well, but view themselves as the
champions of the environment and alternative non-polluting energy
sources, which a majority of Americans also sanction. And here lies
the field of battle between the Democrats, Environmentalists, and
Coastal local governments on the one side, and Republicans, oil
corporations and their shareholders on the other.
10's of billions in tax payer dollars are the prize being fought for
on the U.S. Congress floor. Democrats want to subsidize alternative
energy source innovation and production and foster independence from
foreign oil which will require a long term commitment to that goal.
Republicans want the oil companies to have nearly unrestricted access
to oil deposits anywhere and anytime they discover them even though,
this would reduce dependence upon imported oil very little as our
domestic demand will increase as domestic supplies are increased.
However, more native oil supplies would mean more profits for American
oil corporations into the future.
It is a fact that the U.S. government has issued vast leases for oil
drilling on land and offshore which the oil corporations have sat on
without drilling them. There are 1 million square acres of Gulf Of
Mexico oil leases purchased by oil corporations which remain untapped.
Which begs the question, why are oil corporations fighting for oil
rights on the East and West Coast continental shelves and the Arctic
National Wildlife Refuge (ANWR) when they have leases for vast areas
of federal lands and offshore sites which they have not begun to
drill?
It is a question no one in government or the media seems to want to
ask, nor are capable of answering with certainty and evidence. Which
leaves the answer open to speculation. But, there is an obvious
answer. This little known fact of sitting on, and not drilling,
available oil field leases has the effect of lowering oil supply of
domestic oil. Which in turn creates both higher profits on current oil
tapped as well as, and this is important, the illusion that there is
an emergency situation regarding shortage of oil the Republicans and
oil corporations can use to argue their need to get leases for areas
previously denied them.
They want it all. The very heart and soul of the oil industry is an
unfettered and unlimited access to all suspected deposits of oil
reserves. If alternative sources of energy are found to replace oil,
the oil corporations are out of the oil business, which has been an
extremely profitable business to be in. It is therefore, crucial to
the oil corporations to secure leases on all potential oil reserves
BEFORE such alternative energy sources are developed. Once alternative
energy sources and technologies are developed and marketed to the
point of being cost competitive with oil based energy, the oil
industry will immediately become less profitable as it competes with
alternatives for a lower price.
The oil industry with record profits today, can afford to fight this
battle on the airwaves and in the Congress to secure access to all of
America's oil reserves. Once alternatives to oil energy are
marketable, their profits will reduce, and the costs of fighting these
battles with environmentalists and Democrats will become less
affordable. Therefore, it is in their interest to promote the false
image of oil shortages and emergency need to secure access to all oil
reserves everywhere, despite the fact that millions of acres untapped
leases to drill are already available to the oil corporations.
This "crisis" is their means of swaying both the public and the
Congress to grant rights to drill on the East and West Coasts and
ANWR, while they can afford to wage that public perception war. There
are many issues being fought over, federalism and state's rights to
preserve the aesthetics and tourism industries for their coast lines,
for example, and taxation of oil corporations while they are reaping
historical records in profits. But, the core and central issue is
whether oil will remain the mainstay of energy and product development
for the rest of this century, or not.
In other words, this is a battle between the oil industry of the 20th
century, and alternative energy industries present and future of the
21st century. This is a transition point in history. There is every
indication that if sufficient investments are made today in
alternative energies and non-oil based technologies, that America
could become extremely oil independent, not just independent of
foreign oil imports, over the next 25 years. That would spell an
unprecedented decline in the oil industry and severe contraction in
their profitability margins throughout the rest of this century and
beyond.
The oil industry and Republicans view the Democrat's proposal to
increase taxes on oil corporations and invest those revenues in the
demise of the oil industry by fostering research and development of
alternative energies and technologies as unconscionable. The
Democrat's and Environmentalist's view as unconscionable the Oil
industry's sitting on thousands of untapped oil drilling leases, all
the while crying oil shortage.
You will hear Republicans say drilling in ANWR will reduce our oil
dependence. This will be true, 10 years from now, and perhaps for no
more than a couple years. You will hear Democrats say taxing oil
corporations and funding energy alternatives with those taxes will
reduce our dependence on foreign oil. This may be true in from 5 to 20
years from now, depending on how quickly alternatives can be perfected
and marketed. The bottom line is, higher oil prices are hear to stay
until competitive alternatives are put in place. Oil may drop as low
as $80 to $100 per barrel in the future for a short period. That drop
however, will only be part of a 2 steps higher one step lower trend in
oil prices, until there is an available competitively priced
alternative energy source for oil.
Gasoline is a matter of refinery capacity. There is no oil shortage in
the world. We know this because not a single oil tanker anywhere in
the world has pulled up to a port to fill up and been turned away
empty or less than full. In America, there is an oil refinery capacity
problem which creates seasonal and regional gasoline shortages. As
these shortages occur more frequently, the price of gasoline spikes
higher. And because they are occurring more frequently, the price dips
don't dip as low as the previous one. This creates a trend of ever
higher gasoline prices overall.
There is also the speculative pressure on gasoline prices. If the
Democrats and environmentalists and alternative energy technology
start-ups win their battle against the oil industry and Republicans,
there will be no need for newer oil refineries. This makes the
investment in new oil refineries a very risky one, until the outcome
of the war over oil is determined.
It is crucial for the future of America that voters and the public
bear this discussion in mind going forward. It is after all, their,
and our children's future and pocketbooks which are hanging in the
balance. It is the environmental quality of our nation and earth also
hanging in the balance.
Some excellent article sources for the political battles being waged
over this issue are:
Billions could be lost in Gulf oil leases.
Happy Earth Day, How About An Oil Lease?
Democrats take jab at holders of unused oil leases.
Posted by David R. Remer at June 18, 2008 04:51 PM
http://news.yahoo.com/s/nm/20080612/pl_nm/usa_congress_energy_dc
House Republicans vow push on oil drilling
By Donna Smith
Thu Jun 12, 3:58 PM ET
WASHINGTON (Reuters) - Congressional Republicans vowed on Thursday to
make a major push for more U.S. oil and gas drilling and in the
process force Democrats to cast difficult votes at a time of
skyrocketing gasoline prices.
With the November congressional and presidential elections looming,
Republicans and Democrats in the U.S. House of Representatives are
blaming each other for rising energy costs and gasoline prices that
are topping $4 a gallon.
Republicans cited Democratic opposition to opening up the Arctic
National Wildlife Refuge and more offshore areas to oil and gas
exploration and drilling.
House Minority Leader John Boehner of Ohio said Republicans would try
to raise public awareness and force more votes on the issue. He said
Republicans would back a comprehensive approach of more oil and gas
drilling as well as energy conservation and moves toward alternative
fuels supported by Democrats.
"Over the next five months, House Republicans will fight every single
day to hold Democrats accountable for their dismal record on producing
more energy in our country," Boehner told reporters.
Many democrats oppose opening ANWR and more offshore sites to oil and
gas drilling and support conservation and developing more alternative
energy sources to reduce U.S. dependence on foreign oil. But
Republicans believe rising gasoline prices will build public support
for expanding U.S. oil and gas development.
"We cannot drill our way out of this," House Speaker Nancy Pelosi of
California countered. Opening the wildlife refuge in Alaska would
reduce U.S. gasoline prices by one penny per gallon, she said. She and
other Democrats blame President George W. Bush's energy policies for
the gasoline price spike.
"A barrel of oil now costs four times more than it did when President
Bush took office," Pelosi said. "Two oil men in the White House, cost
of oil four times higher. Price at the pump: $4 a gallon."
She said oil companies already lease about 68 million acres of land
that is not being drilled. She questioned why oil companies were
pushing to open up the ANWR in Alaska when so many acres they
currently hold are not being developed.
On that point, a group of Democratic lawmakers introduced legislation
that would compel oil companies to drill in lands they are now leasing
from the federal government.
"Oil corporations are trying to take control of as much land now
during the oil-friendly Bush administration years, but are holding off
on drilling until the price of oil soars to $200 or $300 a barrel so
they can make even greater profits," said Rep. Maurice Hinchey, a New
York Democrat and a sponsor of the drilling bill.
The bill would force oil companies to pay fees for leased lands that
go unused. The fees would increase over time. Republicans argue
current law already requires oil companies to "use or lose" the lands
they lease.
(Reporting by Donna Smith; Editing by David Alexander and Christian
Wiessner)
edelbrock
> On Jun 20, 10:14 pm, edelbrock <m...@i.fold> wrote:
>
> you keep posting known propaganda
You keep lying, ASSHOLE!
Vid...@tcq.net
just keep posting shill, the longer this post stays fresh, people
will be able to read the truth i and others have posted. by now most
know what you are anyways:)
edelbrock
You have no truth, you lying assbag.
I, otoh, have the EIA data, now suck on that, asswipe: