Drill like Brazil

Read where the Brazilian Goverment is giving tax breaks to Petrobras so as to maintain their domestic exploration and development plans regardless the price of crude. A recent U.S. Goverment study found that expansion of U.S. OCS drilling, opening ANWR and allowing development of the western oil shales would increase domestic production by 36%, provide an estimated 160,000 new jobs and contribute 1.7 trillion dollars to the U.S treasury within 20 years. Reduced dependence on foreign oil is also a matter of national security that grows more evident each day.

Forget about that happening here with new Sec of Interior Ken Salazar and rest of his cronnies. They won't allow more drilling here unless you put the pressure on them. More oil related jobs here shutting down everyday the new czar aint fixed squat yet!

I'm 100 % for the drilling. They are already drilling so many holes in Oklahoma, Texas, the Dakotas and Pennsylvania just recently that you have to dodge the holes to keep from getting a broken leg. The media doesn't disclose this to the American public because they cant get their cameras off external_link. Anyway,... this country is not set up to handle all the stuff that is and could come out of the ground. I have seen the drilling first hand and it is amazing at the jobs it has generated and could continue to generate. There are no natural gas automobiles or filling stations set up to start burning this cleaner form of fuel in the huge amount of the engines that operate in this country. There are no plans for any new refineries to process this huge quantity of crude that could be put on the market here in the states. The oil companies keep the process choked off so that they can keep fuel high and so they can keep reaping huge profits. There are tankers anchored in the gulf now holding off unloading so they can drive prices up. We are where we are and going to stay there for a long long time until we have a massive turn over in mind thought and the way things are done in this country. So wish on.

I have way to much time on my hands, and more excuses not to get anything done around here.

I don't want to dispute these matters, just give a different view.

Gas prices went up--because we can't drill off shore.

Also, No drilling in the wilderness.

As well as, no new refineries in the last thirty years because of the tree huggers.

And should I go on and on and on...

So apparently we must have done all the above in the last couple of months, because the price did come down.

Now we say drill in the USA. Where is the Alaskan pipe line located? Yea, that is correct..now anyone want to guess where that oil goes?

I'm totaly in favor of all the drilling, refineries etc. BUT then it has to bo OUR oil.

And if we do all this drilling, who can afford to do the project? YT board members or big oil companies? Will the profits go to YT members? Will our tax dollars help them drill and make new refineries?? Any YT members pay taxes?

Who knows, who wants to guess like me?

Speculators where the ones who made the price shoot up to $4 a gal not supply and demand.
Supply and demand has a part in it but it was the speculators who thought demand would increase more than it did dumped truck loads of cash into the market causing the price to go up.

Now as for domestic exploration.And alternatives. I am all for it. Despite the costs.

More than any issue. Its a natl security issue to me. If it brings about possitive change as a result. So be it all the better.

I dont want my children to have to worry if Iran wants to cut our oil supply. I want our responce to be." SO go ahead"

I disagree. You haven't been to N.D. have you? The drilling here has slowed some in the last few weeks since oil prices went way down, but they are still drilling. They have the problem of getting the stuff out of the area. The pipe lines that are here can't handle more. Now they are trucking into Minot and a few other locations and pumping it into rail tankers to get rid of it.

I disagree with your comment that "Gas prices went up - because we cannot drill offshore."

We live in a capital market society driven by simple economic principles of supply and demand. Our demand has skyrocketed and although production has kept up with demand, we have to ask whose fault is that? Any company that is market driven will maintain a healthy demand over the supply in order to increase their return on investment. People who buy Hummers, large recreational boats, etc continue to suck down fuel at high rates.

Bottom line - - we, as Americans, love our big vehicles and are quite wasteful. And let's face it, if Shell or any of these other large petro companies wanted to build more processing centers, no one wants it in their backyard. We all want cheap power....but no one wants that cheaper power station in their neighborhood.

You want the price to go down? Cut demand. Simple economics - - - Econ101.

LenND, Yeah I have seen the miles of train tankers and all of the wind farms going up there in the Dakotas also that I didn't mention. I work for an energy development company. By the way: Cold as hell there. Glad I only visit on business. What are we going to do when the rail yards are over capacity and maxed out on what they can transport is the point that I am trying to make. The truckers are maxed out and cant tranport but so much thats why the rail systems have started transporting more hydrocarbons. We have to develop more processing facilities if we are going to tap into the gulf like everyone thinks we can magically do and solve the energy crisis.

Hate to break it to ya'll but we can pump more than enough oil as is. Problem is they either can't or won't refine it to keep up with demand. Other problem is it makes no difference what we can refine and sell... all depends on what some dill hole in the NYSE decides he wants to do today, either sell or buy.

Sorry we crossed lines her, probably I did not word it corectly.

When gas went up, all we heard from oil companies was it's because no off shore drilling, no refineries built in thirty years etc.

It was not my opinion at all, just repeating their excusees.

You are right. And that rail yard will fill quicker than we think--maybe. We have one refinery and they run pretty much full bore I guess. We had another smaller one in the western part of the state. Closed down years ago and they claim it would cost too much to restart that one or build new.

You mention Brazil but not much detail other than drill.

Well in Brazil, all cars run on E100 (pure ethanol). They are probably the only self supporting country when it comes to fuel for vehicles. The price of E100 hasn"t changed in the last 6-7 years.

Rick

I should have been more specific.

All of the newer cars can run on E100, but they can run on flex down to probably E30 or so. Of course gas is still sold there but E100 has been around since the 1970s.

Rick

The majority of refined products are transported by barge, pipelines bring Gulf Coast crude to East Coast refineries, just as they have since the 1890's, only now on a much larger scale. There is not a magic wand to solve the domestic energy supply crisis, my point was many jobs and much revenue would be created by allowing expanded development of our own hydocarbons. All the alternative solutions should continue to be developed and some day many of them will be economical enough to replace oil, natural gas and coal for many applications.