Thomas Jigme Wheat
2011-06-14 17:07:02 UTC
On Jun 9, 8:09 pm, Anonymous Infidel - the anti-political talking head
Actually it does.
3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in
North Dakota and Montana’s Bakken Formation—25 Times More Than 1995
Estimate—http://www.usgs.gov/newsroom/article.asp?ID=1911
And this isn't the only report I can provide that shows we could be
doing massively more to make ourselves more energy independent.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
<Steve Hargreaves article, which didn't provide an actual link to the
actual report because it probably would have destroyed his argument,
is bs>
his latest stupid response archived here on usenet:
http://groups.google.com/group/alt.politics.democrats.d/browse_thread/thread/96b8c6e0efc0315d/f9a60ec331d55737
Talking out of your ass again dipshit corporatist establishment
talking head
Proof you contradicted yourself, when you attempted to cite a report
in which you claimed it said more increased US domestic oil drilling
would lower oil prices.
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643
From: Anonymous Infidel - the anti-political talking head
<***@yahoo.com>
Newsgroups:
alt.politics,alt.politics.republicans,alt.politics.democrats.d,alt.politics.usa,alt.politics.liberal
Subject: Re: Fact: Palin could make a billion gaffes, shit herself on
stage,snuff a little kid and still be a thousand times better than our
warmongering idiot-in-chief. (President Pay More only gets one term)
Date: Thu, 9 Jun 2011 20:09:54 -0700 (PDT)
Organization: http://groups.google.com
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643?dmode=source
http://money.cnn.com/2011/04/25/news/economy/oil_drilling_gas_prices/index.htm
excerpt
"The problem is this: While increased oil and gas drilling in the
United States may create good-paying jobs,
reduce reliance on foreign oil and lower the trade deficit, it will
have hardly any impact on gas and oil prices.
That's because the amount of extra oil that could be produced from
more drilling in this country is tiny
compared to what the world consumes. Plus, any extra oil the country
did produce would likely be quickly offset by a cut in OPEC
production."
now here's the report you attempted to cite which contradicts
everything you ever said about increased domestic drilling will lower
gasoline prices.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
"Changes in domestic oil production tend to have only a modest impact
on crude oil and petroleum product prices, because any change in
domestic oil production is diluted in the world oil market. In 2009,
the United States produced 5.36 million barrels per day of crude oil
and lease condensate, or
7 percent of the world total of 72.26 million barrels per day. Unlike
crude oil supply and prices,
domestic natural gas supply and prices are determined largely by
supply and demand for
natural gas in the North American market, where the development and
production of shale gas in the Lower 48 States is largely responsible
for current and foreseeable future market conditions." (pg 36)
here's the report which you attempted to cite which I can prove you
contradicted yourself at this url
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643
here's the facts:
In the short term if major suppliers like OPEC increase oil
production, which is what they recently did on Friday, prices will go
down marginally,in the short term. The EIA.gov 2011 energy Outlook
study predicts oil could reach 200 dollars a barrel by 2035, because
one of its scenarios predicts OPEC's overall supply will drop from 40
percent, to about 36 percent, because of increasing population growth
and demand in Asia as well as overall dwindling global oil reserve
calculations.Shale oil and gas extraction is projected to grow during
this period, but the costs for extraction, are much higher than
traditional oil drilling extraction methods. see page 23 of the
EIA.gov report which your dumb ignorant ass
attempted to cite, w/out page numbers, because your a crypto-fascist
reactionary.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
On how prices for oil are set globally:
"“World oil prices are influenced by a number of factors, some of
which have mainly short-term impacts. Others, such as expectations
about world oil demand and OPEC production decisions, affect prices
in
the longer term. Supply and demand in the world oil market are
balanced through responses to price movements, and the factors
underlying expectations for supply and demand are both numerous and
complex. The key factors determining long-term expectations for oil
supply, demand, and prices can be summarized in four broad
categories:
the economics of non-OPEC conventional liquids supply; OPEC
investment
and production decisions; the economics of unconventional liquids
supply; and world demand for liquids.” (pg. 23)"
So you are happy to pay 8 dollars a gallon for gasoline in 2035.
“Long-term prospects
In past AEOs, High Oil Price and Low Oil Price cases have been used to
explore the potential impacts of changes in
world liquids supply on world (and U.S.) oil markets as a result of
either OPEC production decisions or changes in economic
access to non-OPEC resources. In AEO2011, the High Oil Price and Low
Oil Price cases have been expanded to incorporate
alternative assumptions about liquids supply, economic developments,
and liquids demand as key price determinants.
The assumed price paths in the AEO2011 High and Low Oil Price cases
bracket a broad range of possible future world oil price paths,
with prices in 2035 (in real 2009 dollars) at $200 per barrel in the
High Oil Price case and $50 per barrel in the Low Oil Price case, as
compared with $125 in the Reference case (Figure 13).(pg 23)”
2011 EIA.gov Energy Outlook Study
issues in focus section
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
Oil prices will continue to rise, in most scenarios the report says,
oil could reach between 125 dollars a barrel to 200 dollars a barrel.
(pg 23)
That's hardly economically sustainable for the long term. Green
Technologies, i.e., solar, wind power, Biomass,(pg. 77) and Nautral
Gas are going to be the new fuel technologies of the future. Quite
living in the past. do you really want to pay 8 dollars a gallon at
the pump.
Why do you think Google recently invested millions in Solar City
recently.
Iam sure they can spot long term market trends. Especially with global
warming,
we will have more days of sun, which makes solar one of the attractive
alternatives, to the global collapse of civilization
after oil runs out in 2100, since dipshits like you worship Jehovah as
the god of oil.
2009 energy outlook study note no contradiction with the 2011 report.
Crypto Fascist doesnt know how to read!!!
http://www.eia.gov/oiaf/aeo/otheranalysis/ongr.html
more proof that your static closed loop corporate welfare scheme for
the oil companies will not lower prices at the pump.
-excerpt-
"The projections in the OCS access case indicate that access to the
Pacific, Atlantic, and eastern Gulf regions would not have a
significant impact on domestic crude oil and natural gas production
or prices before 2030. Leasing would begin no sooner than 2012, and
production would not be expected to start before 2017. Total domestic
production of crude oil from 2012 through 2030 in the OCS access case
is projected to be 1.6 percent higher than in the reference case, and
3 percent higher in 2030 alone, at 5.6 million barrels per day. For
the lower 48 OCS, annual crude oil production in 2030 is projected to
be 7 percent higher—2.4 million barrels per day in the OCS access
case compared with 2.2 million barrels per day in the reference case
(Figure 20). Because oil prices are determined on the international
market, however, any impact on average wellhead prices is expected to
be insignificant. "
also I was right when I said it takes 10 years to develop an oil well
and that potential reserves in the Gulf and elsewhere are overstated.
“In the High OCS Resource case, the assumed increase in technically
recoverable OCS resources in undeveloped areas impacts crude oil and
natural gas production through 2035, primarily because of the long
lead times required for resource development in the offshore,
regardless of the size of the resources discovered. In most areas,
depending on location and water depth, a period of 3 to 10 years for
exploration, infrastructure development, and developmental drilling
is
required from lease acquisition to first production. (35)”
Proof you know absolutely nothing about economics
2011 EIA.gov Energy Outlook Study
issues in focus section
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
"Changes in domestic oil production tend to have only a modest impact
on crude oil and petroleum product prices, because any change in
domestic oil production is diluted in the world oil market. In 2009,
the United States produced 5.36 million barrels per day of crude oil
and lease condensate,
or 7 percent of the world total of 72.26 million barrels per day.
Unlike crude oil supply and prices,
domestic natural gas supply and prices are determined largely by
supply and demand for
natural gas in the North American market, where the development and
production of shale gas in the Lower 48 States is largely responsible
for current and foreseeable future market conditions." (pg 36)
On how prices for oil are set globally:
"“World oil prices are influenced by a number of factors, some of
which have mainly short-term impacts. Others, such as expectations
about world oil demand and OPEC production decisions, affect prices
in
the longer term. Supply and demand in the world oil market are
balanced through responses to price movements, and the factors
underlying expectations for supply and demand are both numerous and
complex. The key factors determining long-term expectations for oil
supply, demand, and prices can be summarized in four broad
categories:
the economics of non-OPEC conventional liquids supply; OPEC
investment
and production decisions; the economics of unconventional liquids
supply; and world demand for liquids.” (pg. 23)"
thomaswheat1975
Again, I'm against subsidies, bailouts and the like. (You're the
corporate establishment talking head, you psychotic moron)
beloved government is lying on this then why should anyone believe it
at all? And why should we believe it over the people that want to
drill for oil? (What, they're going to spend billions for nothing?)
Your link doesn't account for the cost of the oil extractioncorporate establishment talking head, you psychotic moron)
According to a 2009 study from the government's Energy Information
Administration,
But I just provided another link from our government....If yourAdministration,
beloved government is lying on this then why should anyone believe it
at all? And why should we believe it over the people that want to
drill for oil? (What, they're going to spend billions for nothing?)
3 to 4.3 Billion Barrels of Technically Recoverable Oil Assessed in
North Dakota and Montana’s Bakken Formation—25 Times More Than 1995
Estimate—http://www.usgs.gov/newsroom/article.asp?ID=1911
And this isn't the only report I can provide that shows we could be
doing massively more to make ourselves more energy independent.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
<Steve Hargreaves article, which didn't provide an actual link to the
actual report because it probably would have destroyed his argument,
is bs>
http://groups.google.com/group/alt.politics.democrats.d/browse_thread/thread/96b8c6e0efc0315d/f9a60ec331d55737
Talking out of your ass again dipshit corporatist establishment
talking head
Proof you contradicted yourself, when you attempted to cite a report
in which you claimed it said more increased US domestic oil drilling
would lower oil prices.
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643
From: Anonymous Infidel - the anti-political talking head
<***@yahoo.com>
Newsgroups:
alt.politics,alt.politics.republicans,alt.politics.democrats.d,alt.politics.usa,alt.politics.liberal
Subject: Re: Fact: Palin could make a billion gaffes, shit herself on
stage,snuff a little kid and still be a thousand times better than our
warmongering idiot-in-chief. (President Pay More only gets one term)
Date: Thu, 9 Jun 2011 20:09:54 -0700 (PDT)
Organization: http://groups.google.com
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643?dmode=source
And this isn't the only report I can provide that shows we could be
doing massively more to make ourselves more energy independent.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
<Steve Hargreaves article, which didn't provide an actual link to the
actual report because it probably would have destroyed his argument,
is bs
oh really here's the link to his article:doing massively more to make ourselves more energy independent.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
<Steve Hargreaves article, which didn't provide an actual link to the
actual report because it probably would have destroyed his argument,
is bs
http://money.cnn.com/2011/04/25/news/economy/oil_drilling_gas_prices/index.htm
excerpt
"The problem is this: While increased oil and gas drilling in the
United States may create good-paying jobs,
reduce reliance on foreign oil and lower the trade deficit, it will
have hardly any impact on gas and oil prices.
That's because the amount of extra oil that could be produced from
more drilling in this country is tiny
compared to what the world consumes. Plus, any extra oil the country
did produce would likely be quickly offset by a cut in OPEC
production."
now here's the report you attempted to cite which contradicts
everything you ever said about increased domestic drilling will lower
gasoline prices.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
"Changes in domestic oil production tend to have only a modest impact
on crude oil and petroleum product prices, because any change in
domestic oil production is diluted in the world oil market. In 2009,
the United States produced 5.36 million barrels per day of crude oil
and lease condensate, or
7 percent of the world total of 72.26 million barrels per day. Unlike
crude oil supply and prices,
domestic natural gas supply and prices are determined largely by
supply and demand for
natural gas in the North American market, where the development and
production of shale gas in the Lower 48 States is largely responsible
for current and foreseeable future market conditions." (pg 36)
here's the report which you attempted to cite which I can prove you
contradicted yourself at this url
http://groups.google.com/group/alt.politics.democrats.d/msg/dc8b2e9536bd6643
here's the facts:
In the short term if major suppliers like OPEC increase oil
production, which is what they recently did on Friday, prices will go
down marginally,in the short term. The EIA.gov 2011 energy Outlook
study predicts oil could reach 200 dollars a barrel by 2035, because
one of its scenarios predicts OPEC's overall supply will drop from 40
percent, to about 36 percent, because of increasing population growth
and demand in Asia as well as overall dwindling global oil reserve
calculations.Shale oil and gas extraction is projected to grow during
this period, but the costs for extraction, are much higher than
traditional oil drilling extraction methods. see page 23 of the
EIA.gov report which your dumb ignorant ass
attempted to cite, w/out page numbers, because your a crypto-fascist
reactionary.
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
On how prices for oil are set globally:
"“World oil prices are influenced by a number of factors, some of
which have mainly short-term impacts. Others, such as expectations
about world oil demand and OPEC production decisions, affect prices
in
the longer term. Supply and demand in the world oil market are
balanced through responses to price movements, and the factors
underlying expectations for supply and demand are both numerous and
complex. The key factors determining long-term expectations for oil
supply, demand, and prices can be summarized in four broad
categories:
the economics of non-OPEC conventional liquids supply; OPEC
investment
and production decisions; the economics of unconventional liquids
supply; and world demand for liquids.” (pg. 23)"
So you are happy to pay 8 dollars a gallon for gasoline in 2035.
“Long-term prospects
In past AEOs, High Oil Price and Low Oil Price cases have been used to
explore the potential impacts of changes in
world liquids supply on world (and U.S.) oil markets as a result of
either OPEC production decisions or changes in economic
access to non-OPEC resources. In AEO2011, the High Oil Price and Low
Oil Price cases have been expanded to incorporate
alternative assumptions about liquids supply, economic developments,
and liquids demand as key price determinants.
The assumed price paths in the AEO2011 High and Low Oil Price cases
bracket a broad range of possible future world oil price paths,
with prices in 2035 (in real 2009 dollars) at $200 per barrel in the
High Oil Price case and $50 per barrel in the Low Oil Price case, as
compared with $125 in the Reference case (Figure 13).(pg 23)”
2011 EIA.gov Energy Outlook Study
issues in focus section
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
Oil prices will continue to rise, in most scenarios the report says,
oil could reach between 125 dollars a barrel to 200 dollars a barrel.
(pg 23)
That's hardly economically sustainable for the long term. Green
Technologies, i.e., solar, wind power, Biomass,(pg. 77) and Nautral
Gas are going to be the new fuel technologies of the future. Quite
living in the past. do you really want to pay 8 dollars a gallon at
the pump.
Why do you think Google recently invested millions in Solar City
recently.
Iam sure they can spot long term market trends. Especially with global
warming,
we will have more days of sun, which makes solar one of the attractive
alternatives, to the global collapse of civilization
after oil runs out in 2100, since dipshits like you worship Jehovah as
the god of oil.
2009 energy outlook study note no contradiction with the 2011 report.
Crypto Fascist doesnt know how to read!!!
http://www.eia.gov/oiaf/aeo/otheranalysis/ongr.html
more proof that your static closed loop corporate welfare scheme for
the oil companies will not lower prices at the pump.
-excerpt-
"The projections in the OCS access case indicate that access to the
Pacific, Atlantic, and eastern Gulf regions would not have a
significant impact on domestic crude oil and natural gas production
or prices before 2030. Leasing would begin no sooner than 2012, and
production would not be expected to start before 2017. Total domestic
production of crude oil from 2012 through 2030 in the OCS access case
is projected to be 1.6 percent higher than in the reference case, and
3 percent higher in 2030 alone, at 5.6 million barrels per day. For
the lower 48 OCS, annual crude oil production in 2030 is projected to
be 7 percent higher—2.4 million barrels per day in the OCS access
case compared with 2.2 million barrels per day in the reference case
(Figure 20). Because oil prices are determined on the international
market, however, any impact on average wellhead prices is expected to
be insignificant. "
also I was right when I said it takes 10 years to develop an oil well
and that potential reserves in the Gulf and elsewhere are overstated.
“In the High OCS Resource case, the assumed increase in technically
recoverable OCS resources in undeveloped areas impacts crude oil and
natural gas production through 2035, primarily because of the long
lead times required for resource development in the offshore,
regardless of the size of the resources discovered. In most areas,
depending on location and water depth, a period of 3 to 10 years for
exploration, infrastructure development, and developmental drilling
is
required from lease acquisition to first production. (35)”
Proof you know absolutely nothing about economics
2011 EIA.gov Energy Outlook Study
issues in focus section
http://www.eia.gov/forecasts/aeo/pdf/0383%282011%29.pdf
"Changes in domestic oil production tend to have only a modest impact
on crude oil and petroleum product prices, because any change in
domestic oil production is diluted in the world oil market. In 2009,
the United States produced 5.36 million barrels per day of crude oil
and lease condensate,
or 7 percent of the world total of 72.26 million barrels per day.
Unlike crude oil supply and prices,
domestic natural gas supply and prices are determined largely by
supply and demand for
natural gas in the North American market, where the development and
production of shale gas in the Lower 48 States is largely responsible
for current and foreseeable future market conditions." (pg 36)
On how prices for oil are set globally:
"“World oil prices are influenced by a number of factors, some of
which have mainly short-term impacts. Others, such as expectations
about world oil demand and OPEC production decisions, affect prices
in
the longer term. Supply and demand in the world oil market are
balanced through responses to price movements, and the factors
underlying expectations for supply and demand are both numerous and
complex. The key factors determining long-term expectations for oil
supply, demand, and prices can be summarized in four broad
categories:
the economics of non-OPEC conventional liquids supply; OPEC
investment
and production decisions; the economics of unconventional liquids
supply; and world demand for liquids.” (pg. 23)"
thomaswheat1975