sarah palin will bring back cheap gasoline $2.40/gallon
Nomen Nescio
the lower 48 states in 100 years.
Once this is flowing, the ragheads and Chavez won't sodomising us with
a pineapple.
T. Keating
<nob...@dizum.com> wrote:
>The ANWR contains huge oil reserves, more than has been extracted from
>the lower 48 states in 100 years.
>Once this is flowing,
Flowing through what????
How much volume???
Once you answer those questions your ANWR delusion should disappear in
a flash of enlightenment.
Bob Eld
"Nomen Nescio" <nob...@dizum.com> wrote in message
news:ee4d32e6ccfde674...@dizum.com...
Sarah Palin wouldn't do shit if she were VP except hide in her office. She's
afraid to go out and meet the people and the press except when making a
canned speech. Then all she does is lie and bull shit, nothing comes out of
her mouth that is true. If you think she is going to reduce gas prices your
quite nuts. Why don't you check the price of gas in Alaska before saying
such crap.
Robert Baer
You will NEVER see gasolene under $3.00 per gallon, period (unless
you know how to go back in time).
nicenips
By J.W. ELPHINSTONE
The Associated Press
Thursday, September 18, 2008; 12:38 PM
NEW YORK -- Oil prices broke back above $100 a barrel Thursday amid
growing concerns about U.S. financial turmoil, then gave back some of
their gains as a Federal Reserve cash injection into the credit
markets calmed investors.
Light, sweet crude for October delivery added 26 cents to $97.42 a
barrel in midday trading on the New York Mercantile Exchange. Earlier,
the contract reached as high as $102.24 a barrel as worries
intensified about the stability of the U.S. financial system.
"There was a surge in panic buying earlier. Oil is the ugly stepsister
in the flight to quality in commodities," said Phil Flynn, an energy
analyst at Alaron Trading Corp. in Chicago. "But the new liquidity in
the system seems to be calming the markets somewhat."
The Federal Reserve along with other foreign central banks on Thursday
pumped as much as $180 billion into global money markets in an effort
to stem a worsening global credit crisis. The emergency measure
follows a week of chaos on Wall Street that saw the demise of Lehman
Brothers Holdings Inc., the forced takeover of Merrill Lynch and Co.,
and the unprecedented government bailout of American International
Group Inc.
Oil had jumped Wednesday as investors fled equities to crude, gold and
other commodities as a short-term safe haven amid global market
unrest. Last Friday, oil had fallen below $100 for the first time
since April, extending a two-month decline in response to weakening
demand for energy.
Stepped-up attacks by Nigerian militants against the country's oil
infrastructure helped support oil prices earlier Thursday. In a fifth
day of violence, Nigeria's main militant group said Wednesday that it
had destroyed an oil-pumping station and a pipeline crossing southern
Nigeria in a rare daylight attack.
A spokesman for Nigeria's state oil company said Wednesday that
militant attacks are now cutting the country's daily oil production by
about 1 million barrels a day, 40 percent of what the country produced
before the militant campaign began three years ago.
"In the last few days, militant attacks in Nigeria have been stirring
up again, but that's on the back burner right now," said Victor Shum,
an energy analyst with consultancy Gertz & Purvin in Singapore. "I see
downward pressure on oil in the near-term, with the key support level
at US$90."
Meanwhile, the U.S. government reported Wednesday a bigger-than-
expected drop in crude supplies, reflecting the shutdown of virtually
all Gulf Coast oil production because of Hurricane Ike and Hurricane
Gustav.
The Energy Information Administration said U.S. crude stocks fell by
6.3 million barrels for the week ending Sept. 12, much bigger than the
3.7 million barrel drop expected by analysts surveyed by the energy
research firm Platts.
In other Nymex trading, heating oil futures fell by nearly 1.44 cents
to $2.7839 a gallon, while gasoline prices lost 2.42 cents to $2.42 a
gallon. Natural gas for October delivery slipped 3.57 cents to $7.628
per 1,000 cubic feet.
In London, November Brent crude gained 55 cents to $95.39 a barrel on
the ICE Futures exchange.
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/18/AR2008091800477.html
Maximust
> The ANWR contains huge oil reserves, more than has been extracted from
> the lower 48 states in 100 years.
Yur not bery startz, is ya?
perreigh
windpower, or even how to keep herself and her daughters from gettin'
knocked up!
But here's a clue about prices at the pump ...
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/17/AR2008091703314.html
Rob Dekker
Wow. Where do you get this from ? You are not even close.
Read some stuff before you post such nonsense.
USGS estimates that the ANWR disputed area 1002 contains about 7.7 billion barrels "technically recoverable" oil.
The US uses that up in about 250 days.
Actual proved ANWR reserves (after drilling initiates) are typically significantly lower still.
Since exploration will be spread out over many years, ANWR will have very little effect on the price of oil.
And if it exploration would go very fast then the US we will use it all up in less than half a year.
ANWR oil is just a little drop in the bucket in the bigger scheme of things.
Rob
Eric Gisin
news:hIGdnah3e58cREzV...@posted.localnet...
It's $2.60 today, and taxes aren't that much: http://www.energyintel.com/Home.asp
Max Rosan
All points well-taken. To which I would like to add, regarding
"estimated reserves" and "technically [or otherwise] recoverable oil"
located in e.g. the ANWR: it is important to keep in mind that almost
all crude oil is a globally traded commodity. Even if there *are* 7.7
billion bbls of U.S. oil in/around the ANWR, that does not necessarily
mean that all of it will flow exclusively to U.S. refineries to be
consumed exclusively by U.S. end users. Given that the U.S. consumes
roughly 20% of the world's crude oil, it stands to reason that the U.S.
will trade away, on a global level, an average of 80% of its own crude
or its crude holdings, ANWR or otherwise. This of course depends upon
existing global market conditions at the time of trading.
To simplify: let's say that the ANWR (or any place, for that matter) is
drilled and begins pumping out those 7.7 billion bbls. of reserves.
Let's say also that China and India's economies are growing like crazy
(which they just might be real soon {some may argue that they already
are}). In this theoretical scenario, U.S. refineries are bidding up to
$80 per barrel of crude, while China & India are bidding up to $110 per
barrel of crude. To whom do you think the ANWR (or any place, for that
matter) crude will be sold? Is it realistic to think that the oil
companies drilling the ANWR (or elsewhere) will sell their crude to the
lower bidder, the U.S. in this situation? No, it is not. They will sell
to the highest bidder, whoever that happens to be. This is the truth
behind the fallacy of oil drilling; the fallacy as instigated by Big
Oil, as perpretrated by Big Oil Lobbyists, and as swallowed whole by our
elected so-called representatives, and finally as choked upon by we the
people. I'm sorry, "we the sheeple".
-- Maxodyne.
Robert Baer
You forgot the fallacy that we have the refinery capacity for that
(or any, for the matter) extra oil.
And that was the case BEFORE various puffs of wind migrated north
from the gulf..
You can give credit to Clinton for that...
Michael Coburn
What total horseshit. If you opened the ANWR you might be able to squirt
a million barrels a day after 5 - 10 years of development work and by
then the world supply will have faltered. Meanwhile, the world demand
will have escalated. And as to your $2.60 that assumes that a barrel of
oil is mostly gasoline and that there are no refining, transportation,
and marketing costs.
Eeyore
Nomen Nescio wrote:
I've sure waving a magic wand will do wonders.
Ever heard of this thing called 'the market' ?
Graham
Eric Gisin
That's the REAL trading price of gasoline. Taxes are 0.40 and retail is 0.10.
Read my post yesterday re. the liberal "5-10 years" lie that loons keep repeating.
gabydewilde
I thought we erased everything related to your time travel machine?