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dtutko1
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Posts: 341
Registered: 8-26-2009
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My Canadian oil stocks are shooting up as I write. And those dividends!
Dorado Don
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
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Mood: thriving in Baja
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| Quote: | Originally posted by dtutko1
The same station may have some pumps more accurate than others. when approaching a pemex avoid the lane you are directed to if possible and get in the
lane w/the locals. |
yes, and make sure the pump you go to starts at all cerros
Bob Durrell
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Pompano
Elite Nomad
Posts: 8194
Registered: 11-14-2004
Location: Bay of Conception and Up North
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Mood: Optimistic
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$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
Tick tock..tick tock..tick tock
I do what the voices in my tackle box tell me.
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Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
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What would you suggest we do?
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
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Unlocking shale only pays if oil prices are high.
People have the mistaken impression that oil produced in the U.S. will be cheaper than what the Saudi's charge.
Cheap oil is gone...long gone.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
Tick tock..tick tock..tick tock |
Instead of all the solar power, wind power and ethanol boondoggles, they/WE!!! ought to be extending the natural gas piplines to all areas fo the
country. Ethanol? Leadership? Jeez! A joke, but not a funny one.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
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Unlocking shale only pays if oil prices are high.
People have the mistaken impression that oil produced in the U.S. will be cheaper than what the Saudi's charge.
Cheap oil is gone...long gone. |
You are so right! Pining for cheap gas ain't gonna get anywhere. As it stands today, the US is still third in the world in crude production, behind
Russia and Saudi Arabia.
Fact is that so long as many folks in the US feel the need to drive gas guzzling vehicles, the price of fuel is just going to keep rising.
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tripledigitken
Ultra Nomad
Posts: 4848
Registered: 9-27-2006
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
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Unlocking shale only pays if oil prices are high.
People have the mistaken impression that oil produced in the U.S. will be cheaper than what the Saudi's charge.
Cheap oil is gone...long gone. |
What to do you say?
Oil prices are high!!
Do what Canada is doing. Shale oil in Alberta is produced at less than $25/barrel.
Our leaders seem to want us to have lines at the pumps and gas at $4 gal.
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mcfez
Elite Nomad
Posts: 8678
Registered: 12-2-2009
Location: aka BN yankeeirishman
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| Quote: | Originally posted by Cypress
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
Tick tock..tick tock..tick tock |
Instead of all the solar power, wind power and ethanol boondoggles, they/WE!!! ought to be extending the natural gas piplines to all areas fo the
country. Ethanol? Leadership? Jeez! A joke, but not a funny one. |
Yeah....could had been done with the billions spent on the wars...
Politics.
Old people are like the old cars, made of some tough stuff. May show a little rust, but good as gold on the inside.
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monoloco
Elite Nomad
Posts: 6667
Registered: 7-13-2009
Location: Pescadero BCS
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| Quote: | Originally posted by Cypress
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
Tick tock..tick tock..tick tock |
Instead of all the solar power, wind power and ethanol boondoggles, they/WE!!! ought to be extending the natural gas piplines to all areas fo the
country. Ethanol? Leadership? Jeez! A joke, but not a funny one. |
Cypress, solar power is no boondoggle if
done correctly, I live comfortably on solar power and there are lots of people in the states living in net-zero homes that rely on solar to achieve
that level of efficiency.
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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I'll grant that ethanol IS a boondoggle. Using corn just doesn't produce the optimum yield of power. The US ethanol program accomplishes two things.
Number one, it enriches corporate farmers. Number two, it drives up the cost of virtually all comestibles. They are projecting food inflation at
between 4-5% this year. Much of it due to the diversion of corn to fuel.
But to all you shale groupies, do you have any idea how destructive to the environment that process is?
Unless and until folks are willing to do their fair share of conserving, which includes buying into energy efficient transportation technologies,
there is just no way prices are going anywhere but up.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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monoloco, Yep, all you need is sunshine......
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Pompano
Elite Nomad
Posts: 8194
Registered: 11-14-2004
Location: Bay of Conception and Up North
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Mood: Optimistic
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Shale oil is good ..and was good...to go for when it was $30 a barrel.
Yes, $30 a barrel would have been profitable.
What is it now...over $100?...and some think it will go to $200.
What do I suggest we do?...get our own oil up out of the damn ground and use it. No debate..just action.
I do what the voices in my tackle box tell me.
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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| Quote: | Originally posted by Pompano
Shale oil is good .....get our own oil up out of the damn ground and use it. No debate..just action. |
We're gonna have to. It would also provide job opportunities for a lot of people. These rising fuel costs will lead to inflation at a rate we haven't
seen in a generation.
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MitchMan
Super Nomad
Posts: 1856
Registered: 3-9-2009
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When I think of the prices of a barrel of oil over the last 10 years, it has fluctuated wildly from $40 to $147. That couldn't possibly reflect the
cost to pump it out of the ground. Apparently, since the price of oil is now related to the commodity type of futures market (meaning barrels of oil
are "marketized" in a futures market). So now we have speculation involved in the price of oil, this taken together with the fact that the biggest
producers are in a cartel that can exercise monopolistic pricing, well, my point is that the price of oil is based on squeezing the highest price out
of consumers, and the current market can do that really, really well.
The relationship of the cost to produce oil and the price that can be squeezed out of us consumers has been severed. Therefore, the price can/will/is
being adjusted to yield the highest price and profit and such price is based on a world wide market price. So, if someone finds oil in their back
yard and can pump it out at a cost of $30 per barrel today, that barrel of oil will have a price of $98 because that is today's world price of a
barrel of oil. Don't be shocked. Many things are priced really high for products that are cheap to actually produce. Ever pay $300 to $450 an hour
for legal services? $6,000 fee to a heart surgeon for a 4hour surgery? $350 to your CPA for doing a simple 1040 itemized deduction federal and
state income tax return? $175+ for a ticket to see a rock concert or to see a professional basketball game? Pay $200 for a Windows operating system?
Personally, I'd like to see we Americans get wise and mature and buy smaller vehicles and insist much more on optimizing better mileage vehicles.
Unfortunately, it seems that in certain circles within our culture that we have falsely equated 'freedom' with the insistance of the right to buy
giant gas guzzling vehicles if we want to.
It would be great if we could all think in terms of economical usage of energy at each and every opportunity, constantly, whether you are rich or poor
or in between. It's logical. Also, I have heard of some really impressive stats on the aggregate beneficial effect to our trade deficit, the economy
and dependence on foreign oil by switching to cars that get an average of 10 miles per gallon more than the current country's average, of being more
vigilant on use of electricity in our homes and businesses, not to mention actively pursuing alternate forms of energy.
What can one person do today to materially affect the situation? Nothing. To materially and beneficially affect the damaging magnitude of our
dependence on oil requires an aggregate cultural change in thinking. That will affect our aggregate behavior relating to economizing our individual
use of energy, what vehicles we buy and use, maybe even relate to whom we vote for and could then be reflected in politics, and then hopefully be
reflected in our economy and maybe even laws that help conform to the aggregate willingness to conserve.
[Edited on 2-26-2011 by MitchMan]
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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Back to the original post - ordering in liters vs "Fill up" or peso amount.
I've been thinking about this for a couple days and have yet to see how this helps. If you are relying on the pump's measuring system and cost
computation then please show me how it makes a difference on how you order.
Making sure the pump is zeroed and that you get the correct change are things to watch, but you have no control over the internal workings of the
pump.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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dtutko1
Nomad
Posts: 341
Registered: 8-26-2009
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| Quote: | Originally posted by Dave
| Quote: | Originally posted by Pompano
$5 per gallon will seem cheap 5 years from now, unless we do..SOMETHING...ANYTHING.
Is anyone running the country? It seems void of any leadership.
Wyoming, SE Montana, & North Dakota have a zillion barrels of oil locked in saturated shale..just below the surface.
What should we do? How about use less. Be the leaders in the world on energy effeciency. Live within our means. Set up a commission to find out how
our oil got under their land. there's no single solution. Outlaw ethanol from foodstuffs, use switchgrass. Implement T. Boone Pickens plan and others.
Make it our national imperative. Jimmy Carter was right about energy. It's the moral equivelent of war! The oil and utility co's are, for the most
part, not part of the solution, but you can be!
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Unlocking shale only pays if oil prices are high.
People have the mistaken impression that oil produced in the U.S. will be cheaper than what the Saudi's charge.
Cheap oil is gone...long gone. |
Dorado Don
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Pompano
Elite Nomad
Posts: 8194
Registered: 11-14-2004
Location: Bay of Conception and Up North
Member Is Offline
Mood: Optimistic
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| Quote: | Originally posted by bajalou
Back to the original post - ordering in liters vs "Fill up" or peso amount.
I've been thinking about this for a couple days and have yet to see how this helps. If you are relying on the pump's measuring system and cost
computation then please show me how it makes a difference on how you order.
Making sure the pump is zeroed and that you get the correct change are things to watch, but you have no control over the internal workings of the
pump. |
I do what the voices in my tackle box tell me.
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durrelllrobert
Elite Nomad
Posts: 7393
Registered: 11-22-2007
Location: Punta Banda BC
Member Is Offline
Mood: thriving in Baja
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| Quote: | Originally posted by Pompano
Shale oil is good get our own oil up out of the damn ground and use it. No debate..just action. |
THE US overnment has been in the oil shale business for almost 100 years, in case you didn't know:
The Naval Petroleum and Oil Shale Reserves (NPOSR) has a storied history beginning with its inception in 1912 during the Taft Administration, to the
1998 sale of its supergiant Elk Hills oil field (Naval Petroleum Reserve No. 1) to Occidental Petroleum under the Clinton Administration. The infamous
Teapot Dome scandal in the 1920s during the Harding Administration may perhaps be the nadir in this storied history, but for the remainder of its
almost-100 year history, the Reserves stood well managed to serve the Nation during times of both peace and war.
In response to the 1973 Arab oil embargo, the United States opened the Reserves to full production in 1976. Since that time, petroleum sales produced
net revenues of $22 billion to the U.S. Treasury. The sale of the Elk Hills field in 1998 to Occidental Petroleum netted an additional $3.65 billion.
Today, three of the four original Petroleum Reserves (NPR-1, NPR-2, and NPR-4) have been sold or transferred to the Department of the Interior. The
only remaining oil reserve managed by the Department of Energy is the Teapot Dome field (NPR-3) in Casper, Wyoming, which is now a stripper field that
also serves as an oilfield technology testing center (Rocky Mountain Oilfield Testing Center).
In addition to the oil reserves, the Government also held oil shale lands in Colorado, Utah and Wyoming (NOSRs). During the early 1980s, the NOSRs
were opened to oil shale development. After a brief hectic period, most oil shale development was abandoned because of a collapse in world oil prices
from a high point of $40 per barrel in early 1980 to a low of $15 per barrel by 1989. Subsequently, the Government eventually transferred its NOSRs
to BLM and an American Indian tribe.
Today's high oil prices have once again renewed interest in oil shale and other unconventional strategic fuels development. Even though the NPOSR no
longer controls the NOSRs, its unique experience in oil shale technology led Congress - as part of the Energy Policy Act of 2005 - to designate the
Petroleum Reserves program as the lead office to coordinate the creation and implementation of a commercial strategic fuel (oil shale and tar sands)
development program for the United States.
Bob Durrell
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bajalou
Ultra Nomad
Posts: 4459
Registered: 3-11-2004
Location: South of the broder
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The Navy operated a oil shale plant near Rifle CO in the 40s. I toured it with my high school class in around 48 or 49. Don't know when it closed.
Believe it was experimental to determine ways/costs of extraction. This was way before the big time development in the 80s.
No Bad Days
\"Never argue with an idiot. People watching may not be able to tell the difference\"
\"The trouble with doing nothing is - how do I know when I\'m done?\"
Nomad Baja Interactive map
And in the San Felipe area - check out Valle Chico area |
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Terry28
Senior Nomad
Posts: 825
Registered: 8-25-2007
Location: S.Calif mtns.
Member Is Offline
Mood: Thirsty
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Boy, did this thread go south in a hurry!!
Mexico!! Where two can live as cheaply as one.....but it costs twice as much.....
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