Re: O/T Gas Prices

Posted by Howard H. on May 23, 2007 at 07:53:35 from (156.110.78.2):

In Reply to: O/T Gas Prices posted by Gary in TX on May 23, 2007 at 05:54:36:

I'd say a person better get used to it.

Here is a graph of the oil field production I was talking about when we had this discussion a couple of weeks ago. This is just a little old 27,000 acre production field in the Oklahoma Panhandle that I grew up next to. The charts show the oil and gas production meter readings from 1979 to 2005.

That bump up in '03 on oil production came as improved field mapping pinpointed a few new well locations for the producer. It might have also been helped by a high-pressure CO2 injection system that was put in a few years ago to help oil recovery - but basically, it is "licking the bottom of the bowl".

I'm not saying there aren't much larger fields in the world and that some are waiting to be discovered. I AM saying we are using it much faster than it is being created and as this graph shows, fields ARE being depleted.

I was really surprised in the May 3 discussion on this board when Lamborghini904 and I seemed to be in so much the minority that DEMAND is what driving these high prices and how so many guys like Midwest Redneck and 720D think there is "plenty of oil to go around" and "the oil guys have 'gotten to us'" for having our opinions...

I'm not sure where the "plenty of oil to go around" graph is.

And as far as it all being the "evil oil companies fault", all I can say is anyone can buy stock in them! Almost all are publicly traded!

Howard Henderson

• Last Conversation

Replies:

• Re: O/T Gas Prices buickanddeere 13:37:30 05/23/07 (0)

Add a Reply Name: E-Mail: Subject: Comments: Optional Link URL: Link Title: Optional Image URL: Email Notification: If you check this box, email will be sent to you whenever someone replies to this message. Your email address must be entered above to receive notification. This notification will be cancelled automatically after 2 weeks.

TRACTOR PARTS	TRACTOR MANUALS

We sell tractor parts!  We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]