Why or why not?Should the United States reduce its consumption of foreign oil to promote democracy?
No!
Friday, December 18, 2009
What are the three most likely effects of decreased dependence on oil on the United States, your life....?
What are the three most likely effects of decreased dependence on oil on the United States, your life, and the life of any child you might have?What are the three most likely effects of decreased dependence on oil on the United States, your life....?
effect on USA: Using alternative sources will mean people having jobs building wind turbines or solar cells instead of pumping gas or working with dangerous nuclear fuels.
effect on me: I may have a hybrid or electric vehicle in the next few years.
effect on my child: My child may live near a train station or commute to work by bicycle, his house will be far better insulated than my condo (built in the 1980s) is, he will have few or no plastic bags in his house.What are the three most likely effects of decreased dependence on oil on the United States, your life....?
We would have to depend less on countries that don't like us. That's a big one. They have some power over us as long as we continue to get oil from them.
Lets face it, it would be better for the environment. We would be able to use cleaner forms of energy for powering our automobiles.
This is tied to the first one, but it would most likely improve our national security. We won't be giving money to countries like Saudi Arabia who sponsors terrorist groups. The large and vulnerable infrastructure that we have for oil would no longer be a huge target for potential terrorist attacks either.
1. We'll be less mobile so people will spend less time on trips and having fun.
2. We'll have less freedom because we'll be riding mass transit where we aren't allowed to eat, drink, smoke, or carry weapons.
3. We'll be less safe because we'll all be walking around and having to avoid cars.
Less chance of political involvement in the Middle East.
Less urban sprawl.
More of our income will go to food and less to electronic stuff.
Alternative energy is a joke.Before they represent anything it would need to be 2 million barrels per day.windows web server
effect on USA: Using alternative sources will mean people having jobs building wind turbines or solar cells instead of pumping gas or working with dangerous nuclear fuels.
effect on me: I may have a hybrid or electric vehicle in the next few years.
effect on my child: My child may live near a train station or commute to work by bicycle, his house will be far better insulated than my condo (built in the 1980s) is, he will have few or no plastic bags in his house.What are the three most likely effects of decreased dependence on oil on the United States, your life....?
We would have to depend less on countries that don't like us. That's a big one. They have some power over us as long as we continue to get oil from them.
Lets face it, it would be better for the environment. We would be able to use cleaner forms of energy for powering our automobiles.
This is tied to the first one, but it would most likely improve our national security. We won't be giving money to countries like Saudi Arabia who sponsors terrorist groups. The large and vulnerable infrastructure that we have for oil would no longer be a huge target for potential terrorist attacks either.
1. We'll be less mobile so people will spend less time on trips and having fun.
2. We'll have less freedom because we'll be riding mass transit where we aren't allowed to eat, drink, smoke, or carry weapons.
3. We'll be less safe because we'll all be walking around and having to avoid cars.
Less chance of political involvement in the Middle East.
Less urban sprawl.
More of our income will go to food and less to electronic stuff.
Alternative energy is a joke.Before they represent anything it would need to be 2 million barrels per day.
What would happen to the United states if Canada stopped exporting oil to them?
Funny, I thought all the U.S.'s oil came from Iraq.
That's what all the whiny ';blood for oil'; bleaters want us to think, anyway.What would happen to the United states if Canada stopped exporting oil to them?
Canada would go broke, their citizens would all be unemployed and ttheirgovernment would collapse.
80% of canadas exports go to the US
If the US closed the border in retaliation, what would canada do then ?
Plus, if canada stopped selling oil to the us, they would sell it to someone else, then the US would just buy it from the same people, whoever canada decided to sell oil, was buying it before.What would happen to the United states if Canada stopped exporting oil to them?
Canada would face economic hardship and its dollar would dive down. Suadi friends would be happy to help, provided that US would stop complaining about Saudi women not being allowed to drive. Iran would enjoy more generous and forgiving face of US for her 'peaceful nuke program' returning the favour of increasing oil production and Israel would have to swallow it. Probably Ahmedinejad would be allowed to visit 9/11 ground zero this time and maybe a ticket to Disney land.
In worse case scenario, few jobs left in US for now would be exported to India and China and country would be put on sale, outsourcing its Senate and Presidential office to Asia , ...
Iran just awarded sole oil right to China. Guess what that means?
It mean per the UN The Chinese will be allowed to send contingents of standing troops to 'guard' it investment.
China is buying up land in South America at light speed.
Again this creates an allowance for a Military occupation.
America better start defending its Hemisphere per the Magna Carta or perish.
To Robert K: What makes you think Calgary is the capital of Canada? You Albertans have dreams of grandeur.
Under NAFTA, we couldn't do it. Roll over Canada, shafted once again.
The immigration officer at the Sweetgrass, Montana customs post would have one hell of a line up the next day just like the office of the first political party to push the succession of the western provinces would.
for the most part, the middle east controls the price of oil worldwide or has the most influence on it.
We'd slap them and they would cry like the liberal btches they are. Then we'd take their oil and give them nothing.
Prices would go up but I'm sure the US would be fine. We have other nations and we also have large oil reserves.
There would be tanks in downtown Calgary within a week.
We would drill at an angle under the border and suck them dry.
That's what all the whiny ';blood for oil'; bleaters want us to think, anyway.What would happen to the United states if Canada stopped exporting oil to them?
Canada would go broke, their citizens would all be unemployed and ttheirgovernment would collapse.
80% of canadas exports go to the US
If the US closed the border in retaliation, what would canada do then ?
Plus, if canada stopped selling oil to the us, they would sell it to someone else, then the US would just buy it from the same people, whoever canada decided to sell oil, was buying it before.What would happen to the United states if Canada stopped exporting oil to them?
Canada would face economic hardship and its dollar would dive down. Suadi friends would be happy to help, provided that US would stop complaining about Saudi women not being allowed to drive. Iran would enjoy more generous and forgiving face of US for her 'peaceful nuke program' returning the favour of increasing oil production and Israel would have to swallow it. Probably Ahmedinejad would be allowed to visit 9/11 ground zero this time and maybe a ticket to Disney land.
In worse case scenario, few jobs left in US for now would be exported to India and China and country would be put on sale, outsourcing its Senate and Presidential office to Asia , ...
Iran just awarded sole oil right to China. Guess what that means?
It mean per the UN The Chinese will be allowed to send contingents of standing troops to 'guard' it investment.
China is buying up land in South America at light speed.
Again this creates an allowance for a Military occupation.
America better start defending its Hemisphere per the Magna Carta or perish.
To Robert K: What makes you think Calgary is the capital of Canada? You Albertans have dreams of grandeur.
Under NAFTA, we couldn't do it. Roll over Canada, shafted once again.
The immigration officer at the Sweetgrass, Montana customs post would have one hell of a line up the next day just like the office of the first political party to push the succession of the western provinces would.
for the most part, the middle east controls the price of oil worldwide or has the most influence on it.
We'd slap them and they would cry like the liberal btches they are. Then we'd take their oil and give them nothing.
Prices would go up but I'm sure the US would be fine. We have other nations and we also have large oil reserves.
There would be tanks in downtown Calgary within a week.
We would drill at an angle under the border and suck them dry.
What can the United States offer Canada in return for oil?
If the United States were to make a trade agreement for oil from Canada, what would Canada likely want in return?What can the United States offer Canada in return for oil?
fair trade by honoring past agreements eg softwood lumberWhat can the United States offer Canada in return for oil?
M R is quite funny...
It is EASY to claim your country is better.when you are not called upon to be the police force of the world at every turn...to come to the rescue of the world when anything bad happens..Tsunamis..Earthquakes..whatever鈥?br>
In short..it is easy to claim you are superior when you are NOT a major player on a global scale..and are not ..time and time again..called upon the make the hard decisions....
Other than flying with the RAF during WW2, what, exactly, has Canada done for anyone else other than dispatch token military forces to non-combat areas.....?
**As a footnote to M R..You are darn lucky we existed when the world was at war and we were the difference...neutrals were no better than the Nazis as far as I am concerned...washing your hands of doing the right thing DOES NOT make you good in any way...
My first inclination is to say ';SNOWBOARDS!';, but I don't mean it disrespectfully. It's just that Canada has so many great places to board, as well as being a great place to visit and to live. I love Canada. What a clean, beautiful, peaceful country. If you haven't seen Vancouver, you haven't lived!
Statehood.
in return?.....what r u talking about.......we will just take it...its the american way!
A promise to not just take over their country since they don't do much anyway.
We can offer Canada George W. Bush.
And then he can bring Canada to the same heights as he brought America.
Seattle?
Surgical help with their beady little eyes and their flip-top heads!
How about some wheat from Kansas.
That we'll still defend them with our military. We actually have submarines that can submerge and helicopters that can fly.
We also agree to keep hockey alive with our American $$.
That should more than cover it.
Who knows. Canada needs the US more than the US needs that pile.
Lots of money....
that we all won't move there when the illegal immigrant population becomes too much to bear.
a handjob
Poor billtucker67 needs to reread his history. Proportionally, Canada has had devestating losses per capita in both WW1 %26amp; WW2. In case he was sleeping in his history classes, Canada joined WW1 in 1914, and WW2 in 1939, or maybe Americans, in their xenophobic history classes don't learn about other countries. In more recent decades, Canada has had a proud history of the armed forces being involved in peacekeeping, not warmongering.
I am appalled that anyone would expect the US to be the world police force. That's almost like letting the foxes into the proverbial henhouse.
As for the oil, as a citizen of oil-rich Alberta, I would be thrilled if the US would pay lots and lots and lots of money for our oil, and keep its nose out of the rest of our business. Goodness only knows that many Americans are woefully and proudly ignorant of not only Canada, but also the rest of the planet.
As a Canadian looking down upon the United states and their egotistical view on the rest of the world, I would have to say that the US is certainly not fair in how it treats others. They treat Canada as though it is simply another state, and yet we surpass the US in land mass. We supply the US with electrical power, softwood lumber, oil, gas, etc. we help them fight their wars, and still they take a ';holier than thou'; attitude with everyone. The Bush administration has corrupted the government, brainwashed its people into thinking that this ';war on terror'; was justified... when it wasn't. When they lost Bin Ladens trail, they turned to Saddam Hussein, and started a war that did not have to occur. Iraq did not have weapons of mass destruction. The US feels the need to walk into a land that has been occupied for thousands of years, and impose the US's beliefs and government structure on it, to ';americanize'; it. I for one am PROUD to be a Canadian citizen, we enjoy low unemployment, free health care, beautiful pristine land, beaches, clean air, a history to be proud of, however I am truly ashamed to be physically associated with the United States of America, because one day very soon, someone will become fed up with their crap, and blow them off the map, and it will unfortunately include our beautiful land as well. Shame on you America... shame on you. Canada is a better country than the US could EVER DREAM to be.
*As a footnote to Mr. Tucker, we don't WANT to police the world, we are happy with letting those who live in their own countries do just that. You DO realize that if it weren't for the US instigating war after war... the world would be a lot more peaceful place. You can police the world if you want to... but don't make it look like a peaceful country like Canada is doing anything wrong by not helping you fight your battles. Grow up.
*2nd footnote to turner...
who won the battle of Vimy Ridge... who secured the point of antwerp... juno beach... and I could go on... we have and do fight in war... but we won't start one. That would be called instigation, but I am sure that you, as an american, know first hand the definition of that word.
fair trade by honoring past agreements eg softwood lumberWhat can the United States offer Canada in return for oil?
M R is quite funny...
It is EASY to claim your country is better.when you are not called upon to be the police force of the world at every turn...to come to the rescue of the world when anything bad happens..Tsunamis..Earthquakes..whatever鈥?br>
In short..it is easy to claim you are superior when you are NOT a major player on a global scale..and are not ..time and time again..called upon the make the hard decisions....
Other than flying with the RAF during WW2, what, exactly, has Canada done for anyone else other than dispatch token military forces to non-combat areas.....?
**As a footnote to M R..You are darn lucky we existed when the world was at war and we were the difference...neutrals were no better than the Nazis as far as I am concerned...washing your hands of doing the right thing DOES NOT make you good in any way...
My first inclination is to say ';SNOWBOARDS!';, but I don't mean it disrespectfully. It's just that Canada has so many great places to board, as well as being a great place to visit and to live. I love Canada. What a clean, beautiful, peaceful country. If you haven't seen Vancouver, you haven't lived!
Statehood.
in return?.....what r u talking about.......we will just take it...its the american way!
A promise to not just take over their country since they don't do much anyway.
We can offer Canada George W. Bush.
And then he can bring Canada to the same heights as he brought America.
Seattle?
Surgical help with their beady little eyes and their flip-top heads!
How about some wheat from Kansas.
That we'll still defend them with our military. We actually have submarines that can submerge and helicopters that can fly.
We also agree to keep hockey alive with our American $$.
That should more than cover it.
Who knows. Canada needs the US more than the US needs that pile.
Lots of money....
that we all won't move there when the illegal immigrant population becomes too much to bear.
a handjob
Poor billtucker67 needs to reread his history. Proportionally, Canada has had devestating losses per capita in both WW1 %26amp; WW2. In case he was sleeping in his history classes, Canada joined WW1 in 1914, and WW2 in 1939, or maybe Americans, in their xenophobic history classes don't learn about other countries. In more recent decades, Canada has had a proud history of the armed forces being involved in peacekeeping, not warmongering.
I am appalled that anyone would expect the US to be the world police force. That's almost like letting the foxes into the proverbial henhouse.
As for the oil, as a citizen of oil-rich Alberta, I would be thrilled if the US would pay lots and lots and lots of money for our oil, and keep its nose out of the rest of our business. Goodness only knows that many Americans are woefully and proudly ignorant of not only Canada, but also the rest of the planet.
As a Canadian looking down upon the United states and their egotistical view on the rest of the world, I would have to say that the US is certainly not fair in how it treats others. They treat Canada as though it is simply another state, and yet we surpass the US in land mass. We supply the US with electrical power, softwood lumber, oil, gas, etc. we help them fight their wars, and still they take a ';holier than thou'; attitude with everyone. The Bush administration has corrupted the government, brainwashed its people into thinking that this ';war on terror'; was justified... when it wasn't. When they lost Bin Ladens trail, they turned to Saddam Hussein, and started a war that did not have to occur. Iraq did not have weapons of mass destruction. The US feels the need to walk into a land that has been occupied for thousands of years, and impose the US's beliefs and government structure on it, to ';americanize'; it. I for one am PROUD to be a Canadian citizen, we enjoy low unemployment, free health care, beautiful pristine land, beaches, clean air, a history to be proud of, however I am truly ashamed to be physically associated with the United States of America, because one day very soon, someone will become fed up with their crap, and blow them off the map, and it will unfortunately include our beautiful land as well. Shame on you America... shame on you. Canada is a better country than the US could EVER DREAM to be.
*As a footnote to Mr. Tucker, we don't WANT to police the world, we are happy with letting those who live in their own countries do just that. You DO realize that if it weren't for the US instigating war after war... the world would be a lot more peaceful place. You can police the world if you want to... but don't make it look like a peaceful country like Canada is doing anything wrong by not helping you fight your battles. Grow up.
*2nd footnote to turner...
who won the battle of Vimy Ridge... who secured the point of antwerp... juno beach... and I could go on... we have and do fight in war... but we won't start one. That would be called instigation, but I am sure that you, as an american, know first hand the definition of that word.
What steps if any should the United States take to secure its oil supply?
Should the United Nations and the global community create some type of distribution policy?
How can oil tankers and pipelines that traverse through potentially dangerous areas be secured?
How much should this crisis shape American foreign policy in the coming yearsWhat steps if any should the United States take to secure its oil supply?
it should stop harassing other countries(oil rich)What steps if any should the United States take to secure its oil supply?
man i have the same assignment to do
How can oil tankers and pipelines that traverse through potentially dangerous areas be secured?
How much should this crisis shape American foreign policy in the coming yearsWhat steps if any should the United States take to secure its oil supply?
it should stop harassing other countries(oil rich)What steps if any should the United States take to secure its oil supply?
man i have the same assignment to do
Can the United States survive without foreign oil?
it seems that the war in the Middle east is because of aggression of one country invadeing another but the whole thing is about OIL or $$$. If the US stopped buying Middle East oil those countries would deal witht the US in a whole other light.Can the United States survive without foreign oil?
Yes and no.
Given our present consumption and sources for oil, no. Our economy would collapse (okay, major disarray) without foreign oil.
We could open up all our reserves and allow more offshore drilling and could probably make up the shortfall but we would expend our own oil relatively quickly and then would have to import even more of our oil.
Finally, if we came up with a comprehensive plan to reduce our need for oil we could graduall ween ourselves from foreign oil. That would be the best course of action.
Oil independence would help us survive also by making us more objective in foreign policy and reduce the conflicts that we need to get involved in.
Addition:
We don't get most of our oil from the middle east, they are just the most volatile source.
Sorry this information doesn't line up well. Use this link to see it better:
http://www.eia.doe.gov/pub/oil_gas/petro鈥?/a>
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Feb-07 Jan-07 YTD 2007 Feb-06 Jan - Feb 2006
--------------------------------------鈥?br>
CANADA 1,840 1,856 1,848 1,710 1,740
MEXICO 1,358 1,435 1,398 1,774 1,735
SAUDI ARABIA 1,185 1,559 1,382 1,418 1,375
VENEZUELA 1,115 955 1,031 1,178 1,204
NIGERIA 1,061 1,106 1,085 1,342 1,232
ANGOLA 451 553 504 464 441
ALGERIA 392 548 474 163 201
IRAQ 325 531 433 450 493
ECUADOR 178 269 226 222 302
KUWAIT 158 172 165 152 110
UNITED KINGDOM 137 61 97 82 58
BRAZIL 103 204 156 164 110
CHAD 87 70 78 77 76
COLOMBIA 73 137 106 126 148
LIBYA 63 9 35 58 48Can the United States survive without foreign oil?
We have no choice. We are reaching peak oil and some suggest we will reach peak oil in 10 years. Be prepared to pay $6 and up for a gallon of gas.
You are wrong about the reason for the war. The reason for the war is to stop terrorism. Have you forgotten about 9/11?
But as for your original question- Yes it is possible, but not for a while. There are plenty of places in the US where oil can be drilled. We need to get these oil fields up and running at full capacity. As a kid I remember driving through Western Colorado, there were miles and miles of oil rigs- seems like they were still working at that point. I remember driving other places in the US and seeing oil rigs working. Now you don't see them anymore and if you do, they are not working, they are still and rusty. We need to reopen these oil fields and start producing our own oil. I believe that there is enough oil in the US to keep us going, we just have to start drilling for it.
I don't know that we can entirely cutoff our dependence on foreign oil right now, but give us several months to get us up and running to full capacity and get some reserves, then we can cut off our foreign oil. Who knows- that may even shut down terrorist organizations- because many of them get their funding from oil. It really is not good for us to be completely dependent on ANYTHING foreign. That does not mean that we should cut off all foreign trade- just make sure that we can depend on America's supplies.
So Yes I believe that we can survive without foreign oil- it will just take some time to get there.
yep thats why their in iraq right now, its obvious.
We are working on it. It will take time, however we are getting the alternate fuels, and the cars with improved mileage are getting here, it is still not so well coordinated, however we are all very much aware that there are problems with getting enough oil. Instead of trying to fix the blame, it is much more important to focus on new fuels and Cars that are Green Line. There is much more we can do, and as I find ,are already doing, when I was at the Mall, the AC was not on, and the entrance doors were open, for the fresh air to come in! Surprise! We make our trips count, and I do see less cars during day everywhere I go. Biking during good weather is better for our health, and walking is as well, in order to save on fuel. WE are an Ingenious peoples here, I personally think we will make it. I appreciate the view Kia's Sister has from her travels through the Country.
no weay.
No they cant thats why theyre in Iraq killing women, children and old folks and stealing their oil. Actually I take that back. There is ample proof that the real reason the US is there is to keep Iraqs oil in the ground!!! that way the Saudis get to ramp up the prices, and Bush senior has been in bed with the Saudi princes for decades.
No, the U.S needs oil, most of the oil comes from Saudi Arabia, and we need Iraq to protect that route. Its as simple as that. Anyone who drives a car but is anti-Iraq war is a moron that likes to have their cake and eat it too.
As of right now we wouldnt last 6 months without foreign oil, we have a reserve but not big enough to support the country as a whole.
If we use only the oil that we produce, it would force us to buy cars that get better mileage and lower our thermostats.
Yes and no.
Given our present consumption and sources for oil, no. Our economy would collapse (okay, major disarray) without foreign oil.
We could open up all our reserves and allow more offshore drilling and could probably make up the shortfall but we would expend our own oil relatively quickly and then would have to import even more of our oil.
Finally, if we came up with a comprehensive plan to reduce our need for oil we could graduall ween ourselves from foreign oil. That would be the best course of action.
Oil independence would help us survive also by making us more objective in foreign policy and reduce the conflicts that we need to get involved in.
Addition:
We don't get most of our oil from the middle east, they are just the most volatile source.
Sorry this information doesn't line up well. Use this link to see it better:
http://www.eia.doe.gov/pub/oil_gas/petro鈥?/a>
Crude Oil Imports (Top 15 Countries)
(Thousand Barrels per Day)
Country Feb-07 Jan-07 YTD 2007 Feb-06 Jan - Feb 2006
--------------------------------------鈥?br>
CANADA 1,840 1,856 1,848 1,710 1,740
MEXICO 1,358 1,435 1,398 1,774 1,735
SAUDI ARABIA 1,185 1,559 1,382 1,418 1,375
VENEZUELA 1,115 955 1,031 1,178 1,204
NIGERIA 1,061 1,106 1,085 1,342 1,232
ANGOLA 451 553 504 464 441
ALGERIA 392 548 474 163 201
IRAQ 325 531 433 450 493
ECUADOR 178 269 226 222 302
KUWAIT 158 172 165 152 110
UNITED KINGDOM 137 61 97 82 58
BRAZIL 103 204 156 164 110
CHAD 87 70 78 77 76
COLOMBIA 73 137 106 126 148
LIBYA 63 9 35 58 48Can the United States survive without foreign oil?
We have no choice. We are reaching peak oil and some suggest we will reach peak oil in 10 years. Be prepared to pay $6 and up for a gallon of gas.
You are wrong about the reason for the war. The reason for the war is to stop terrorism. Have you forgotten about 9/11?
But as for your original question- Yes it is possible, but not for a while. There are plenty of places in the US where oil can be drilled. We need to get these oil fields up and running at full capacity. As a kid I remember driving through Western Colorado, there were miles and miles of oil rigs- seems like they were still working at that point. I remember driving other places in the US and seeing oil rigs working. Now you don't see them anymore and if you do, they are not working, they are still and rusty. We need to reopen these oil fields and start producing our own oil. I believe that there is enough oil in the US to keep us going, we just have to start drilling for it.
I don't know that we can entirely cutoff our dependence on foreign oil right now, but give us several months to get us up and running to full capacity and get some reserves, then we can cut off our foreign oil. Who knows- that may even shut down terrorist organizations- because many of them get their funding from oil. It really is not good for us to be completely dependent on ANYTHING foreign. That does not mean that we should cut off all foreign trade- just make sure that we can depend on America's supplies.
So Yes I believe that we can survive without foreign oil- it will just take some time to get there.
yep thats why their in iraq right now, its obvious.
We are working on it. It will take time, however we are getting the alternate fuels, and the cars with improved mileage are getting here, it is still not so well coordinated, however we are all very much aware that there are problems with getting enough oil. Instead of trying to fix the blame, it is much more important to focus on new fuels and Cars that are Green Line. There is much more we can do, and as I find ,are already doing, when I was at the Mall, the AC was not on, and the entrance doors were open, for the fresh air to come in! Surprise! We make our trips count, and I do see less cars during day everywhere I go. Biking during good weather is better for our health, and walking is as well, in order to save on fuel. WE are an Ingenious peoples here, I personally think we will make it. I appreciate the view Kia's Sister has from her travels through the Country.
no weay.
No they cant thats why theyre in Iraq killing women, children and old folks and stealing their oil. Actually I take that back. There is ample proof that the real reason the US is there is to keep Iraqs oil in the ground!!! that way the Saudis get to ramp up the prices, and Bush senior has been in bed with the Saudi princes for decades.
No, the U.S needs oil, most of the oil comes from Saudi Arabia, and we need Iraq to protect that route. Its as simple as that. Anyone who drives a car but is anti-Iraq war is a moron that likes to have their cake and eat it too.
As of right now we wouldnt last 6 months without foreign oil, we have a reserve but not big enough to support the country as a whole.
If we use only the oil that we produce, it would force us to buy cars that get better mileage and lower our thermostats.
Does the President of the United States have any control over oil prices?
I have heard that the President, no matter who it is, has no control over oil price and that it is a supply and demand issue. Is this true?Does the President of the United States have any control over oil prices?
Total Cost of Tax Break: $76.5 billion from 2005-2014
In this provision, America鈥檚 largest energy companies鈥攁mong the most profitable in the U.S. economy鈥攚ould succeed in reclassifying energy production as a manufactured good in order to qualify for potentially tens of billions of dollars in new tax deductions. The manufacturing tax deduction has previously only been available to traditional manufacturing industries. The amount of the tax deduction is 3% of a company鈥檚 production income in 2005 and 2006; rising to 6% in 2007-2009, and 9% after 2009.
The total cost of this tax deduction, $76.5 billion from 2005-2014, includes the value of the tax deduction for energy companies and other industries, including movie studios, real estate developers and engineering and architectural services associated with real estate development. It is a safe assumption that energy companies鈥攄ue to their size within the U.S. economy鈥攚ill be the largest recipient.
Since 2001, electric power, natural gas and oil corporations have contributed $73 million to federal candidates, with three-quarters of that total going to Republicans. Halliburton is the largest oil field services provider and provides services to Chevron. Bush Sr. was a director of Halliburton. Dick Cheney was Halliburton's CEO. Chevron is the #1 importer of Iraqi oil. Members of the Bush administration planned to oust Saddam and establish control in Iraq since long before the Iraq war. Bush started a war in Iraq. War brings profit to defense contractors. Bush Sr is a director of one of the world's largest defense contractors. See the circle of greed and profit? These facts show there is a serious conflict of interest with the relationships between the Bush family, the Bush Administration, ChevronTexaco, Halliburton, the Carlyle Group and members of PNAC. The Bush family and friends have been profiting from war and will continue to profit greatly through continued services contracts in Iraq and the controlled flow of Iraqi oil.Does the President of the United States have any control over oil prices?
He doesn't have any control over the price of oil
Sure the Bush family sells oil.
As a matter of fact I saw George at one of the family stations on a ladder changing prices this morning.
I can assure you there in not a politician in DC who does not have some interest in the oil industry, or food , health care, utilities, transportation, etc, etc,etc.
i think he has indirect control such as the power to bargain with a foreign country
So Does the Vise President ,Haliburton ties money talks in forms of OIL and ENERY. Enron comes to mind , You figure.
That is true for the most part. The president can not directly control gas prices. In the long term a president maybe able to exert a minimal amount of influence by pressuring congress to enact tarriffs against oil imports, but that is a rare occurance and takes years to accomplish.
Gas prices are higher than they normally are in the U.S. but if you compare prices internationally, the price we pay is very low. In Europe and the UK it is not unusual to pay the equivilent of $5.00-6.00 per gallon.
As a result of this Americans drive a lot more than their European counterparts. So yes, it is a supply and demand issue.
I dont know who controls the oil prices, but I do know that the president and congress can lessen the prices of oil.
Well Indirectly when he umm I dont know. INVADES THE COUNTRIES THAT PROUCE IT!!! Let me ask you a question. What happend to the price of oil when bush invaded iraq?
Well, the government can of course put restrictions on oil... most people wouldn't like it to come to that... but the market is WAY unstable... with 10-20+ percent swings per week...
it's not a healthy market... and if a company is making record all-time profit... it's also a sign that capitolism isn't working... if there is true compeition, profits should be relativley minimal, not billions and billions PER QUARTER!....
Clearly the oil companies are extorting capitolism... thriving on fears of storms and the middle east...
yea
He has influence, certainly, although the current president is so closely tied to the industry he's not likely to try to hold prices down. However, he contols the Stategic Petroleum Reserve, and can release oil from that at low prices. In a clear emergency, he might also be able to issue an executive order setting price controls or even taking over the oil industry (Truman did this with the coal industry during the Korean War). He always has the option of asking Congress to pass laws regulating the oil industry and controlling prices. But, think of this: We waste so much gasoline! Maybe prices should be higher to force us to use it more wisely.
The presidents family sells oil. Hmmmmmmmmm
Total Cost of Tax Break: $76.5 billion from 2005-2014
In this provision, America鈥檚 largest energy companies鈥攁mong the most profitable in the U.S. economy鈥攚ould succeed in reclassifying energy production as a manufactured good in order to qualify for potentially tens of billions of dollars in new tax deductions. The manufacturing tax deduction has previously only been available to traditional manufacturing industries. The amount of the tax deduction is 3% of a company鈥檚 production income in 2005 and 2006; rising to 6% in 2007-2009, and 9% after 2009.
The total cost of this tax deduction, $76.5 billion from 2005-2014, includes the value of the tax deduction for energy companies and other industries, including movie studios, real estate developers and engineering and architectural services associated with real estate development. It is a safe assumption that energy companies鈥攄ue to their size within the U.S. economy鈥攚ill be the largest recipient.
Since 2001, electric power, natural gas and oil corporations have contributed $73 million to federal candidates, with three-quarters of that total going to Republicans. Halliburton is the largest oil field services provider and provides services to Chevron. Bush Sr. was a director of Halliburton. Dick Cheney was Halliburton's CEO. Chevron is the #1 importer of Iraqi oil. Members of the Bush administration planned to oust Saddam and establish control in Iraq since long before the Iraq war. Bush started a war in Iraq. War brings profit to defense contractors. Bush Sr is a director of one of the world's largest defense contractors. See the circle of greed and profit? These facts show there is a serious conflict of interest with the relationships between the Bush family, the Bush Administration, ChevronTexaco, Halliburton, the Carlyle Group and members of PNAC. The Bush family and friends have been profiting from war and will continue to profit greatly through continued services contracts in Iraq and the controlled flow of Iraqi oil.Does the President of the United States have any control over oil prices?
He doesn't have any control over the price of oil
Sure the Bush family sells oil.
As a matter of fact I saw George at one of the family stations on a ladder changing prices this morning.
I can assure you there in not a politician in DC who does not have some interest in the oil industry, or food , health care, utilities, transportation, etc, etc,etc.
i think he has indirect control such as the power to bargain with a foreign country
So Does the Vise President ,Haliburton ties money talks in forms of OIL and ENERY. Enron comes to mind , You figure.
That is true for the most part. The president can not directly control gas prices. In the long term a president maybe able to exert a minimal amount of influence by pressuring congress to enact tarriffs against oil imports, but that is a rare occurance and takes years to accomplish.
Gas prices are higher than they normally are in the U.S. but if you compare prices internationally, the price we pay is very low. In Europe and the UK it is not unusual to pay the equivilent of $5.00-6.00 per gallon.
As a result of this Americans drive a lot more than their European counterparts. So yes, it is a supply and demand issue.
I dont know who controls the oil prices, but I do know that the president and congress can lessen the prices of oil.
Well Indirectly when he umm I dont know. INVADES THE COUNTRIES THAT PROUCE IT!!! Let me ask you a question. What happend to the price of oil when bush invaded iraq?
Well, the government can of course put restrictions on oil... most people wouldn't like it to come to that... but the market is WAY unstable... with 10-20+ percent swings per week...
it's not a healthy market... and if a company is making record all-time profit... it's also a sign that capitolism isn't working... if there is true compeition, profits should be relativley minimal, not billions and billions PER QUARTER!....
Clearly the oil companies are extorting capitolism... thriving on fears of storms and the middle east...
yea
He has influence, certainly, although the current president is so closely tied to the industry he's not likely to try to hold prices down. However, he contols the Stategic Petroleum Reserve, and can release oil from that at low prices. In a clear emergency, he might also be able to issue an executive order setting price controls or even taking over the oil industry (Truman did this with the coal industry during the Korean War). He always has the option of asking Congress to pass laws regulating the oil industry and controlling prices. But, think of this: We waste so much gasoline! Maybe prices should be higher to force us to use it more wisely.
The presidents family sells oil. Hmmmmmmmmm
Who are the major oil suppliers for the United States?
My mom heard from a radio program that our top supplier is Mexico, and that the second is Canada. I have been searching the web for about half an hour and haven't been able to find any proof or disproof of this. Does anyone know where to go to find out this information?Who are the major oil suppliers for the United States?
Mexico, because transportation costs.
... and because you can麓t live with out us!Who are the major oil suppliers for the United States?
we get our oil from a organization called opec. Look opec up on google. They recieve oil from locations world wide and sell it as a auction type of sale. they set the price based on consumer demand and if the price is too high the less rich countrys have to drop out leaving the super powers all the oil.
we have not decided on using canada becuase of the cost of getting it from the ground.
Also many people think we are in iraq for there oil since the oil is soo close to the surface. It would only cost 1 dollar per barrel and could be sold for around 60 dollars.
-hope that helps
Mexico, Venezuela, and Canada for other energy sources. Saudi Arabia is only 8%.
路 ';The largest bilateral energy trade in the world is between the United States and Canada. Canada is the largest source of U.S. imports of oil, natural gas, uranium, and electricity.';
this is a quote I found on this website http://canada.usembassy.gov/content/text鈥?/a>
I hope this clears a few misconceptions up.
Venezuela, Saudi Arabia
almost all the oil producers in the world are top suppliers for the US , yes mex and can are amongst those, but you can saudi arabia and venezuela.
Dear Dude:
We live in the age of disinformation. The ages are getting darker and darker. And I wanted to share with you the following facts: If you agree with me please send them to as many friends of you as possible...
The transnational companies which are using American government and ARMY to sip oil from Iraq are paying back with the money they have earned by selling the oil they have been continuously stealing from Iraq. They will do the same in Iran and Venezuella.
You won't believe it but some transnational companies are there to force the Yahoo Corp. to delete my questions here. But I am continuously changing my name to hide it from them. Until they find me, thousands of people will have learned that America is no more controlled by its national companies. Transnational companies are a great threat both for America and the world. A transnational company is one that feels no loyalty to any nation. They don鈥檛 pay any taxes to any government and they are strong enough to overthrow governments all over the world. For the time being they are using Americans. They threat America by the fact that if they draw their capital and investments from America 25 % of its population will be jobless.
The fight and the tension between the members of the Senate is in fact a fight between the American and non-American capital owners. Right after the 9/11 the nationalistic or loyal American capital owners became a little bit stronger and passed a decree from the senate to the effect that the central government and the states are to buy their weapons from NATIONAL war industries... But at present non-American capital owners have become stronger enough to sip petroleum out of Iraq by using American ARMY. This is the horrible fact about American Politics and Bush is not loyal to America.
Sorry for the terrible English. Wish you prosperity and happiness. I am a mere warrior to enlighten people about facts.鈥?Yes, they are my facts. But believe me they aren鈥檛 groundless.windows web server
Mexico, because transportation costs.
... and because you can麓t live with out us!Who are the major oil suppliers for the United States?
we get our oil from a organization called opec. Look opec up on google. They recieve oil from locations world wide and sell it as a auction type of sale. they set the price based on consumer demand and if the price is too high the less rich countrys have to drop out leaving the super powers all the oil.
we have not decided on using canada becuase of the cost of getting it from the ground.
Also many people think we are in iraq for there oil since the oil is soo close to the surface. It would only cost 1 dollar per barrel and could be sold for around 60 dollars.
-hope that helps
Mexico, Venezuela, and Canada for other energy sources. Saudi Arabia is only 8%.
路 ';The largest bilateral energy trade in the world is between the United States and Canada. Canada is the largest source of U.S. imports of oil, natural gas, uranium, and electricity.';
this is a quote I found on this website http://canada.usembassy.gov/content/text鈥?/a>
I hope this clears a few misconceptions up.
Venezuela, Saudi Arabia
almost all the oil producers in the world are top suppliers for the US , yes mex and can are amongst those, but you can saudi arabia and venezuela.
Dear Dude:
We live in the age of disinformation. The ages are getting darker and darker. And I wanted to share with you the following facts: If you agree with me please send them to as many friends of you as possible...
The transnational companies which are using American government and ARMY to sip oil from Iraq are paying back with the money they have earned by selling the oil they have been continuously stealing from Iraq. They will do the same in Iran and Venezuella.
You won't believe it but some transnational companies are there to force the Yahoo Corp. to delete my questions here. But I am continuously changing my name to hide it from them. Until they find me, thousands of people will have learned that America is no more controlled by its national companies. Transnational companies are a great threat both for America and the world. A transnational company is one that feels no loyalty to any nation. They don鈥檛 pay any taxes to any government and they are strong enough to overthrow governments all over the world. For the time being they are using Americans. They threat America by the fact that if they draw their capital and investments from America 25 % of its population will be jobless.
The fight and the tension between the members of the Senate is in fact a fight between the American and non-American capital owners. Right after the 9/11 the nationalistic or loyal American capital owners became a little bit stronger and passed a decree from the senate to the effect that the central government and the states are to buy their weapons from NATIONAL war industries... But at present non-American capital owners have become stronger enough to sip petroleum out of Iraq by using American ARMY. This is the horrible fact about American Politics and Bush is not loyal to America.
Sorry for the terrible English. Wish you prosperity and happiness. I am a mere warrior to enlighten people about facts.鈥?Yes, they are my facts. But believe me they aren鈥檛 groundless.
When will the oil companies start trying to recover oil from the oil shale in the western states?
It appears that the question period has expired. If you have received an answer that meets your needs, please choose a 'best answer.'
Regards.When will the oil companies start trying to recover oil from the oil shale in the western states?
They have already started. Method is economical and practical now. Just got keep the tree huggers and hunters away. Work in PetroChem as a consultant and we are sending equipment that way. Look to Imperial Oil/Encana in Canada to find out more. Also check out Hart's Online Digest.
Regards.When will the oil companies start trying to recover oil from the oil shale in the western states?
They have already started. Method is economical and practical now. Just got keep the tree huggers and hunters away. Work in PetroChem as a consultant and we are sending equipment that way. Look to Imperial Oil/Encana in Canada to find out more. Also check out Hart's Online Digest.
Does anyone know if the oil business in the united states is going to get better?
My husband works in the oil field and things have been really slow does anyone know if things are supposed to be picking up at all?Does anyone know if the oil business in the united states is going to get better?
Rig counts have dropped off more than 50 percent since the end of August. Natural gas prices determine drilling and prices are very low right now. High oil prices should stabilize drilling but it wont increase drilling much. We have huge amounts of natural gas in storage and it usually increases in the summer months. With huge inventories and a weak economy I dont see prices or drilling picking up significantly for a year or two. I grew up around the drilling business in several different states. So I can understand how you feel. Its always been a cyclical business. Busts happen about once a decade. It happened in the 60s, 80s and 90s. It skipped the 70s because the embargos and shortages kept prices up. We paid for it in the 80s with one of the worst busts. Some people, who had worked in the oilfield for decades left the business never to work in it again in their careers. And some of the largest and oldest drilling companies went out of business. This bust is the worst since then. It has nothing to do with fields being exhausted. Its a simple supply and demand relationship. Enhanced drilling and recovery methods keep old fields producing and new fields producing more. That and high prices in the recent past are why we have such huge supplies now. And geologists are constantly sifting through old well logs of dry holes to see if they missed something. Environmentalists have more to do with it, not allowing drilling in places like the Wyoming Range and other places. Drilling isnt dead, its just going through a normal cycle..Does anyone know if the oil business in the united states is going to get better?
Certainly oil is going to be a sure fire money maker for the foreseeable future in spite of the present downturn. My only concern would be that as easy fields are exhausted your husband might have to move to tar sand, off-shore or polar fields.
There is a need to reduce reliance on oil because it is becoming more expensive to extract (as easy fields dry up) and for climate change reasons but oil has so many vital uses employment prospects should remain good.
Best wishes
Sure. Things are slow now because oil is down on the world market. It is increasing day by day, it hit $71.00 today. When Israel attacks Iran, and we attack North Korea, oil prices will surge and those in the oil industry will see a positive benefit.
I would think so, oil is at 70 per barrel. I would expect activity to increase soon.
A friend of mine dates the daughter of a gas station operator and he says meby. Hope this helps.
Andy
They will, but what go's up must come down, and bounce back it will.
Hubby will be joining the dole cue hun. We're doing away with oil, think of the planet %26amp; all ;)
Rig counts have dropped off more than 50 percent since the end of August. Natural gas prices determine drilling and prices are very low right now. High oil prices should stabilize drilling but it wont increase drilling much. We have huge amounts of natural gas in storage and it usually increases in the summer months. With huge inventories and a weak economy I dont see prices or drilling picking up significantly for a year or two. I grew up around the drilling business in several different states. So I can understand how you feel. Its always been a cyclical business. Busts happen about once a decade. It happened in the 60s, 80s and 90s. It skipped the 70s because the embargos and shortages kept prices up. We paid for it in the 80s with one of the worst busts. Some people, who had worked in the oilfield for decades left the business never to work in it again in their careers. And some of the largest and oldest drilling companies went out of business. This bust is the worst since then. It has nothing to do with fields being exhausted. Its a simple supply and demand relationship. Enhanced drilling and recovery methods keep old fields producing and new fields producing more. That and high prices in the recent past are why we have such huge supplies now. And geologists are constantly sifting through old well logs of dry holes to see if they missed something. Environmentalists have more to do with it, not allowing drilling in places like the Wyoming Range and other places. Drilling isnt dead, its just going through a normal cycle..Does anyone know if the oil business in the united states is going to get better?
Certainly oil is going to be a sure fire money maker for the foreseeable future in spite of the present downturn. My only concern would be that as easy fields are exhausted your husband might have to move to tar sand, off-shore or polar fields.
There is a need to reduce reliance on oil because it is becoming more expensive to extract (as easy fields dry up) and for climate change reasons but oil has so many vital uses employment prospects should remain good.
Best wishes
Sure. Things are slow now because oil is down on the world market. It is increasing day by day, it hit $71.00 today. When Israel attacks Iran, and we attack North Korea, oil prices will surge and those in the oil industry will see a positive benefit.
I would think so, oil is at 70 per barrel. I would expect activity to increase soon.
A friend of mine dates the daughter of a gas station operator and he says meby. Hope this helps.
Andy
They will, but what go's up must come down, and bounce back it will.
Hubby will be joining the dole cue hun. We're doing away with oil, think of the planet %26amp; all ;)
Who is more dependent on oil is it europe or united states?
Also does anybody know as to who (us or Europe) is prepared better should an oil crunch occur in future. What time frame in future are we looking at.Who is more dependent on oil is it europe or united states?
Europe doesn't have hardly any production, compared to the US. Britain, for example, has almost none.
We import a liitle more than half of our oil, but our economy is larger.
For all purposes, we would both be in a world of hurt in an oil crunch.Who is more dependent on oil is it europe or united states?
US
The U S is far more dependent on oil, even though the produce more than Europe. Europe has much better public transportation. They actually have a working rail system. Can you imagine that? Rail is 10 more efficient than auto transportation and 40 times more efficient than air trasportaion. France has much larger portion of power generation based on nuclear about 40% if I recall correctly.
Gasoline is heavily taxed in Europe so Europeans tend to not use nearly so much. Very few SUV's there.
If there is a crunch, the U S might very well collapse from the crunch. Do you have any idea how many people commute to work each day over 50 miles each way. It is millions.
the US and i can not wait until the oil drops to 10 bucks all these big oil companies soaking us, its payback time
The U.S. is probably more dependent on oil for a lot of reasons, mostly lifestyle ones. so any oil crunch would hurt.
One should really look globally though as economies have gone that way.
The US has enough domestic production that if other world sources were to stop. essential services could still happen. Countries who depend on others for their product would (exporters) would probably be hurt more in the long run as they would not be able to get their product out. The US currently imports more than they export so the US could ramp up production of items it used to make but now import.
This is strictly my opinion
The U.S. by far. Europe has a much better public transportation system and less people rely on their cars there vs. the U.S. In addition, everything is much closer together there compared to here so that reduces their need to drive a lot. That, plus their cars are much more fuel-efficient than our gas-guzzling SUVs.
Europe doesn't have hardly any production, compared to the US. Britain, for example, has almost none.
We import a liitle more than half of our oil, but our economy is larger.
For all purposes, we would both be in a world of hurt in an oil crunch.Who is more dependent on oil is it europe or united states?
US
The U S is far more dependent on oil, even though the produce more than Europe. Europe has much better public transportation. They actually have a working rail system. Can you imagine that? Rail is 10 more efficient than auto transportation and 40 times more efficient than air trasportaion. France has much larger portion of power generation based on nuclear about 40% if I recall correctly.
Gasoline is heavily taxed in Europe so Europeans tend to not use nearly so much. Very few SUV's there.
If there is a crunch, the U S might very well collapse from the crunch. Do you have any idea how many people commute to work each day over 50 miles each way. It is millions.
the US and i can not wait until the oil drops to 10 bucks all these big oil companies soaking us, its payback time
The U.S. is probably more dependent on oil for a lot of reasons, mostly lifestyle ones. so any oil crunch would hurt.
One should really look globally though as economies have gone that way.
The US has enough domestic production that if other world sources were to stop. essential services could still happen. Countries who depend on others for their product would (exporters) would probably be hurt more in the long run as they would not be able to get their product out. The US currently imports more than they export so the US could ramp up production of items it used to make but now import.
This is strictly my opinion
The U.S. by far. Europe has a much better public transportation system and less people rely on their cars there vs. the U.S. In addition, everything is much closer together there compared to here so that reduces their need to drive a lot. That, plus their cars are much more fuel-efficient than our gas-guzzling SUVs.
Should states that refuse to drill for oil in their own states should have higher gas tax?
than a state that does. For example your state doesn't have any oil in it your state is exempt. but if your state does have oil in it and it refuse to drill i think those states should pay a lot more in taxes than the states that do.Should states that refuse to drill for oil in their own states should have higher gas tax?
most states can,t drill for oil, so how can they be taxed for something they can,t do. we need to tax congress if they don,t allow drilling or nuclear.Should states that refuse to drill for oil in their own states should have higher gas tax?
To begin with, there aren't any states that drill for oil-companies drill for oil to make profit.The potential for such feasible oil discovery/extraction exists in precious few of our 50 United States. You seem to assume a level playing field leaves each state with the choice of yes or no. Often, it's something beyond the omnipotent power of the state that makes exploration/extraction decisions, and they seldom follow the lines on a state map.
You'll need to re-think your taxation, and base it on something other than the geography of the earth being such a determining factor.
INSTEAD, why not institute an arbitrary tax? Maybe a pro-rata on states with more than two vowels in their names?
Maybe charge more for states that eat the most bananas, per-capita? Extra charge those states that haven't produced a Supreme Court Judge!
The sky's the limit!
No.
It is is federal regulations that prevent new drilling, not the individual states.
Ultimately it is the federal government that decides if any new drilling can happen.
An import tax for Gasoline crossing state lines?
Harry Reid wants just the opposite,more taxes on the producers and the users.
No. Really lame suggestion. Instead lets have the states without oil pay a worthless tax.
States set their gas tax based on how much money they need to maintain their infrastructure.
Sure if you are in a socialist country they would. but since we live a free-market economy, they can refuse to drill and buy it anywhere else they want.
most states can,t drill for oil, so how can they be taxed for something they can,t do. we need to tax congress if they don,t allow drilling or nuclear.Should states that refuse to drill for oil in their own states should have higher gas tax?
To begin with, there aren't any states that drill for oil-companies drill for oil to make profit.The potential for such feasible oil discovery/extraction exists in precious few of our 50 United States. You seem to assume a level playing field leaves each state with the choice of yes or no. Often, it's something beyond the omnipotent power of the state that makes exploration/extraction decisions, and they seldom follow the lines on a state map.
You'll need to re-think your taxation, and base it on something other than the geography of the earth being such a determining factor.
INSTEAD, why not institute an arbitrary tax? Maybe a pro-rata on states with more than two vowels in their names?
Maybe charge more for states that eat the most bananas, per-capita? Extra charge those states that haven't produced a Supreme Court Judge!
The sky's the limit!
No.
It is is federal regulations that prevent new drilling, not the individual states.
Ultimately it is the federal government that decides if any new drilling can happen.
An import tax for Gasoline crossing state lines?
Harry Reid wants just the opposite,more taxes on the producers and the users.
No. Really lame suggestion. Instead lets have the states without oil pay a worthless tax.
States set their gas tax based on how much money they need to maintain their infrastructure.
Sure if you are in a socialist country they would. but since we live a free-market economy, they can refuse to drill and buy it anywhere else they want.
Why is Obama so against the United States drilling for our own oil?
Is this going to be the biggest losing issue for the Democrats and Obama?Why is Obama so against the United States drilling for our own oil?
He's not.
But the bigger question is this: Why don't the oil companies drill on the 68 million acres of land that they already have?
If you think we're paying high gas prices now, just give the oil companies more acres.
They'll have a monopoly then and gas prices will go through the roof.Why is Obama so against the United States drilling for our own oil?
He is against harming our environment when it isn't really necessary. There is a reason for the ban on Off-shore drilling. McCain was always against it until he started running for president. He admits it won't help much and said it will have a psychological effect on the American people. McCain not only voted against Off-Shore drilling but voted against a Bill that would ensure that if the Ban was lifted, the oil would stay in America.
Because drilling for oil does not solve our energy problem. It would just dig ourselves deeper into a hole by procrastinating. Why not use our innovation to develop clean, alternative energy sources? Not to mention the fact that we don't have enough oil to make a serious impact on the price of gas. And even if we did, the affects wouldn't be felt until about ten years from now. As if that's not bleak enough, there would only be enough oil to last for a fraction of a year. Plus the question of environmentalism has to be taken into account. It could harm the environment when it is drilled. Burning more oil would also contribute to more greenhouse gas emissions and worsen climate change.
I acknowledge that the majority of Americans support drilling in/around the U.S., but I don't think this one issue is going to be the biggest drawback associated with Obama. I think that if more people knew the reality surrounding the facts of drilling, they would not support it. We should realize that drilling for oil isn't the ';magic wand'; that it is made out to be by some.
obama wants to drill for our own oil, but not in places where the wildlife will be permantly damaged.
studies show that we do drills in alaska, yes, we will find oil, but just enough that will last us for ONE year. that's permanent damage for temporary supply and it's a terrible way to approach the problem.
our oil locations now still have oil, but we aren't developing the right technology to get to it. let's improve our education status, get some smarter people, and find ways to take advantage of the safe places we have to dig for oil. that's the way to go
When it comes to oil drilling Obama is an idiot as are many of those that have responded here, showing they know nothing about how oil is handled here in the US.
First and foremost, over 93% of the current, untapped, oil leases in the US are being blocked by over 800 lawsuits from environmental groups,
Obama looking to keep the favor of these groups opposes oil drilling on the OCS or ANWR, etc. Of course it's OK that Mexico, Canada, Russia, Cuba, Venezuela and Guyana have oil rigs in the Gulf of Mexico sucking oil out from underneath Florida.
Obama is willing to sell us all out for his own persional gain. He will win the honor of being Jimmy Carter II.
We do drill for our own oil. 15% of US waters are available for drilling. The oil companies simply aren't using it.
There is no ban on drilling, simply a moratorium on new leases. This moratorium was introduced in 1982 and confirmed every year since by congress (including the 12 years congress was controlled by Republicans). It was also the purpose of a presidential order issued by George HW Bush (hardly an anti-oil man now is he) in 1990.
So Obama's support for the moratorium is hardly just his, or even just the Dems. And it will not be a losing issue - rather the continued misrepresentation of it by the Republicans will come back to haunt them.
I won't answer this for Obama, but I can tell you that we have enough oil that is on privately owned land to supply all of America, however, the oil companies have to pay a lot of money to drill that oil. Oil that is drilled off shore can cause an abundant amount of damage to our (that includes YOU and your health) and to the animals who have no voice in the matter. And, it doesn't cost the oil companies as much money to drill. Look up the health consequences from the chemicals used to get the oil out, both for humans and for animals. We have enough oil already available to drill without going off shore, or on protected land. Our military's number one goal is to get as much oil as we can. It's called ';point of balance.'; The high prices we are paying is just to get people mad enough to want to drill on protected land and sea. It's all about BIG profits. The oil company's made 38 BILLION dollars profit last year. You are being fooled by some very top notch people who work for the oil companies.
We can drill the 68 million acres that nobody can find except a few democrats and they are not telling where it is. They also seem to know how much oil is down there without doing any exploratory drilling.
Gosh they are smart - they should have gone into the oil business.
On 30 Sept the congress will have to allow drilling or pass another ban. Guess that is when I will know how I am going to vote.
Right or wrong if they cannot follow the will of the people, they need to be out. That's what they get paid for.
It's much easier to control the masses - when you control their very livlihood; and besides - we don't know what kind of deals might be in the works with his middle-eastern friends.
The more we rely on them - the less we rely on ourselves. It is clear Obama does not understand how our dependence on oil leaves us at the beck and call of the middle-east Oil Kings, and they will continue to hold us hostage with oil until we break the endless cycle.
Obama is a loser.
In response to those questioning drilling on those Acres.
Is off shore drilling is a lot more cleaner, safer, and economically better. DO you want to pay at the pump for all the drilling that will lead no where? Or explore the coast, that Cuba, and China are also researching. Technology makes off shore drilling more practical..
Its a populous scheme to get the average moron to join him against the evil gas guy who screws you at every turn.
They keep saying there is several million acres the gas man can drilll for oil. They want the oil co. to dril on dry fields for a while so they wont have to answer to the environmental lobby.
Its the height of hypocrisy....Where do these latte liberals get off making other countries DRILL on their own lands and off shores and say no to our own drilling? Is their lands less valuable?
Its ok if we drill and take their resources, but not ours? These people's logic is baffling.
Drilling for more oil is not the answer -building refineries and using Green power - solar and wind is the answer. Electric cars will be the first new green powered car -who knows what great innovative idea will be next -perhaps Hydrogen.
Go Obama
Because it wont solve anything. Gas prices will still be high as hell and people will just keep using it up.
A better alternative is to find other ways to fuel your car.
More options/competition make prices go down.
Maybe for the same reason the oil company execs. are against it.
don't vote for him he's doing that because he's a stupid environmentalist
vote libertarian
B/c it would take 7 years to have it in our gas stations.
As if 7 years was that bad when compared to never...that idiot.
He wants gas to go up if we drilled here the price would down
He doesn't want his Islamic buddies in the Middle East to lose business.
He wants his buddy's in the middle east to get all the profits.
We do drill for our own oil.
I dont know why ANYONE is so against drilling for our own oil to be honest...
He's not. The oil companies have tens of thousands of unexplored leased acres to drill on. Funny they don't seem to be anxious to set up new drilling operations OR the new refineries we would need.
He's not.
But the bigger question is this: Why don't the oil companies drill on the 68 million acres of land that they already have?
If you think we're paying high gas prices now, just give the oil companies more acres.
They'll have a monopoly then and gas prices will go through the roof.Why is Obama so against the United States drilling for our own oil?
He is against harming our environment when it isn't really necessary. There is a reason for the ban on Off-shore drilling. McCain was always against it until he started running for president. He admits it won't help much and said it will have a psychological effect on the American people. McCain not only voted against Off-Shore drilling but voted against a Bill that would ensure that if the Ban was lifted, the oil would stay in America.
Because drilling for oil does not solve our energy problem. It would just dig ourselves deeper into a hole by procrastinating. Why not use our innovation to develop clean, alternative energy sources? Not to mention the fact that we don't have enough oil to make a serious impact on the price of gas. And even if we did, the affects wouldn't be felt until about ten years from now. As if that's not bleak enough, there would only be enough oil to last for a fraction of a year. Plus the question of environmentalism has to be taken into account. It could harm the environment when it is drilled. Burning more oil would also contribute to more greenhouse gas emissions and worsen climate change.
I acknowledge that the majority of Americans support drilling in/around the U.S., but I don't think this one issue is going to be the biggest drawback associated with Obama. I think that if more people knew the reality surrounding the facts of drilling, they would not support it. We should realize that drilling for oil isn't the ';magic wand'; that it is made out to be by some.
obama wants to drill for our own oil, but not in places where the wildlife will be permantly damaged.
studies show that we do drills in alaska, yes, we will find oil, but just enough that will last us for ONE year. that's permanent damage for temporary supply and it's a terrible way to approach the problem.
our oil locations now still have oil, but we aren't developing the right technology to get to it. let's improve our education status, get some smarter people, and find ways to take advantage of the safe places we have to dig for oil. that's the way to go
When it comes to oil drilling Obama is an idiot as are many of those that have responded here, showing they know nothing about how oil is handled here in the US.
First and foremost, over 93% of the current, untapped, oil leases in the US are being blocked by over 800 lawsuits from environmental groups,
Obama looking to keep the favor of these groups opposes oil drilling on the OCS or ANWR, etc. Of course it's OK that Mexico, Canada, Russia, Cuba, Venezuela and Guyana have oil rigs in the Gulf of Mexico sucking oil out from underneath Florida.
Obama is willing to sell us all out for his own persional gain. He will win the honor of being Jimmy Carter II.
We do drill for our own oil. 15% of US waters are available for drilling. The oil companies simply aren't using it.
There is no ban on drilling, simply a moratorium on new leases. This moratorium was introduced in 1982 and confirmed every year since by congress (including the 12 years congress was controlled by Republicans). It was also the purpose of a presidential order issued by George HW Bush (hardly an anti-oil man now is he) in 1990.
So Obama's support for the moratorium is hardly just his, or even just the Dems. And it will not be a losing issue - rather the continued misrepresentation of it by the Republicans will come back to haunt them.
I won't answer this for Obama, but I can tell you that we have enough oil that is on privately owned land to supply all of America, however, the oil companies have to pay a lot of money to drill that oil. Oil that is drilled off shore can cause an abundant amount of damage to our (that includes YOU and your health) and to the animals who have no voice in the matter. And, it doesn't cost the oil companies as much money to drill. Look up the health consequences from the chemicals used to get the oil out, both for humans and for animals. We have enough oil already available to drill without going off shore, or on protected land. Our military's number one goal is to get as much oil as we can. It's called ';point of balance.'; The high prices we are paying is just to get people mad enough to want to drill on protected land and sea. It's all about BIG profits. The oil company's made 38 BILLION dollars profit last year. You are being fooled by some very top notch people who work for the oil companies.
We can drill the 68 million acres that nobody can find except a few democrats and they are not telling where it is. They also seem to know how much oil is down there without doing any exploratory drilling.
Gosh they are smart - they should have gone into the oil business.
On 30 Sept the congress will have to allow drilling or pass another ban. Guess that is when I will know how I am going to vote.
Right or wrong if they cannot follow the will of the people, they need to be out. That's what they get paid for.
It's much easier to control the masses - when you control their very livlihood; and besides - we don't know what kind of deals might be in the works with his middle-eastern friends.
The more we rely on them - the less we rely on ourselves. It is clear Obama does not understand how our dependence on oil leaves us at the beck and call of the middle-east Oil Kings, and they will continue to hold us hostage with oil until we break the endless cycle.
Obama is a loser.
In response to those questioning drilling on those Acres.
Is off shore drilling is a lot more cleaner, safer, and economically better. DO you want to pay at the pump for all the drilling that will lead no where? Or explore the coast, that Cuba, and China are also researching. Technology makes off shore drilling more practical..
Its a populous scheme to get the average moron to join him against the evil gas guy who screws you at every turn.
They keep saying there is several million acres the gas man can drilll for oil. They want the oil co. to dril on dry fields for a while so they wont have to answer to the environmental lobby.
Its the height of hypocrisy....Where do these latte liberals get off making other countries DRILL on their own lands and off shores and say no to our own drilling? Is their lands less valuable?
Its ok if we drill and take their resources, but not ours? These people's logic is baffling.
Drilling for more oil is not the answer -building refineries and using Green power - solar and wind is the answer. Electric cars will be the first new green powered car -who knows what great innovative idea will be next -perhaps Hydrogen.
Go Obama
Because it wont solve anything. Gas prices will still be high as hell and people will just keep using it up.
A better alternative is to find other ways to fuel your car.
More options/competition make prices go down.
Maybe for the same reason the oil company execs. are against it.
don't vote for him he's doing that because he's a stupid environmentalist
vote libertarian
B/c it would take 7 years to have it in our gas stations.
As if 7 years was that bad when compared to never...that idiot.
He wants gas to go up if we drilled here the price would down
He doesn't want his Islamic buddies in the Middle East to lose business.
He wants his buddy's in the middle east to get all the profits.
We do drill for our own oil.
I dont know why ANYONE is so against drilling for our own oil to be honest...
He's not. The oil companies have tens of thousands of unexplored leased acres to drill on. Funny they don't seem to be anxious to set up new drilling operations OR the new refineries we would need.
If the United States produced enough crude oil to be self-sustaining would it bring down the price of our fuel
Our government wants to drill more in the US. Would this REALLY bring our gas prices down???If the United States produced enough crude oil to be self-sustaining would it bring down the price of our fuel
If we could it get that much by drilling it would increase the world supply by over 10% which i s enough to lower prices for a few years but increased demand from china would drive it up again. However one of our big problems is the loss of value of the dollar which is caused by the trade deficit and inported oil is a major factor in this.If the United States produced enough crude oil to be self-sustaining would it bring down the price of our fuel
If it were possible it would probably drop the price of a barrel of oil to under $10. But it's not possible. But just the announcement that the US is going to allow drilling in coastal waters and Alaska would rapidly drop the price of a barrel to under $100. A big part of the run-up in the price of oil is the fact that the US has no energy policy at all. Other then a moronic ethanol mandate. If the speculators were given some sense that the US is actually going to do something to curb our reliance on foreign oil, it would have an immediate and profound effect on the price of oil. The price of a barrel of oil is not based on what it costs to produce. It is based upon how much people are willing to pay. If it became apparent that the US was no longer willing to pay $100 for a barrel of oil, and that we were actually going to do something about it, besides just complain, it would have an immediate effect upon the price of oil. Ideally, we not only need to start drilling for oil wherever feasible, but we need a realistic alternative fuels policy. That means wind, solar, and nuclear. The oil crisis could be a thing of the past within 25 years. All that we need is an administration that is committed to an aggressive energy policy.
EDIT: Silly Person, the reason that the price of oil is at $145 a barrel is because the global demand for oil continues to increase, while the global supply appears to have peaked. But if you reversed those two factors, and instituted a two prong energy policy in the US, whereby you intend to increase the supply, and at the same time reduce demand, the effect upon the price of oil would be immediate and profound.
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…
Not by much. U.S. oil production peaked in 1970...
No because peak oil has been reached oil is a finite resource and its running out time to face up to that, the price of oil we never be low again.
I've heard a lot of people call for drilling in our nation, especially in the Gulf Coast area. And I see why they would want us to drill there- its totally understandable with high gas prices and so much foreign oil that we use. However, it would not be a good idea to drill in our own country. Not only are there enviornmental effects, but there isn't going to be a very high amount of oil to be produced in the Gulf Oil for a while...as for drilling in Alaska, we wouldn't produce a significant amount of oil for a while either. and when we do produce that amount, likely near 2030, it won't affect oil prices by much (maybe $1.44/barrel reduction according to a report by the White House Energy Information Administration) (And that may even be offset by OPEC).
Report by Energy Information Administration on offshore drilling-
http://www.eia.doe.gov/oiaf/aeo/otherana…
It states we won't have a significant amount of oil offshore (produced) until 2030.
Same group's report on Drilling in Alaska. As I mentioned earlier their findings state that we won't lwoer oil prices by much from oil in Alaska
http://www.eia.doe.gov/oiaf/servicerpt/a…
This is a White House organization saying this- not an environmental group. I think we should not be investing in domestic oil production. Rather we should be using clean alternate energy. It reduces pollution, and more importantly, lasts longer (more permanent than oil)-- even if it takes a while to make, we should be more dependent on alternate energy, within the next 20 years to say the least, than with oil. We've already started looking into it and we should increase our funding and incentives in it.windows web server
If we could it get that much by drilling it would increase the world supply by over 10% which i s enough to lower prices for a few years but increased demand from china would drive it up again. However one of our big problems is the loss of value of the dollar which is caused by the trade deficit and inported oil is a major factor in this.If the United States produced enough crude oil to be self-sustaining would it bring down the price of our fuel
If it were possible it would probably drop the price of a barrel of oil to under $10. But it's not possible. But just the announcement that the US is going to allow drilling in coastal waters and Alaska would rapidly drop the price of a barrel to under $100. A big part of the run-up in the price of oil is the fact that the US has no energy policy at all. Other then a moronic ethanol mandate. If the speculators were given some sense that the US is actually going to do something to curb our reliance on foreign oil, it would have an immediate and profound effect on the price of oil. The price of a barrel of oil is not based on what it costs to produce. It is based upon how much people are willing to pay. If it became apparent that the US was no longer willing to pay $100 for a barrel of oil, and that we were actually going to do something about it, besides just complain, it would have an immediate effect upon the price of oil. Ideally, we not only need to start drilling for oil wherever feasible, but we need a realistic alternative fuels policy. That means wind, solar, and nuclear. The oil crisis could be a thing of the past within 25 years. All that we need is an administration that is committed to an aggressive energy policy.
EDIT: Silly Person, the reason that the price of oil is at $145 a barrel is because the global demand for oil continues to increase, while the global supply appears to have peaked. But if you reversed those two factors, and instituted a two prong energy policy in the US, whereby you intend to increase the supply, and at the same time reduce demand, the effect upon the price of oil would be immediate and profound.
I bought millions and millions of barrels of oil when they cost $60--$100 a barrel. I expect to make a kill when I sell. But right now it’s only over $140 a barrel. So here is my difficulty :
I have requested my agents spin the media, like: “Oil future looks high, expecting to be in the range of $200 a barrel soon” But it does not work price up fast enough.
I have paid the mainstream media, the Think Tanks, and the major PR talking heads, to spin China and India (supply and demand) responsible for price hike, to deflect American public anger. But that does not go far enough.
Right now, I am extremely nervous and worried. I urgently need a prey to buy those “paper barrels” on my hording. So I can profit. But where can I find my prey ?
ADD:
Airline industry has requested and demanded Congress stop oil speculation. I have my lobby on Capitol Hill work the Senators and Congressmen around the clock. But I do not how long they can hold.
Airlines urge Congress to curb oil speculation
http://www.boston.com/business/articles/…
Not by much. U.S. oil production peaked in 1970...
No because peak oil has been reached oil is a finite resource and its running out time to face up to that, the price of oil we never be low again.
I've heard a lot of people call for drilling in our nation, especially in the Gulf Coast area. And I see why they would want us to drill there- its totally understandable with high gas prices and so much foreign oil that we use. However, it would not be a good idea to drill in our own country. Not only are there enviornmental effects, but there isn't going to be a very high amount of oil to be produced in the Gulf Oil for a while...as for drilling in Alaska, we wouldn't produce a significant amount of oil for a while either. and when we do produce that amount, likely near 2030, it won't affect oil prices by much (maybe $1.44/barrel reduction according to a report by the White House Energy Information Administration) (And that may even be offset by OPEC).
Report by Energy Information Administration on offshore drilling-
http://www.eia.doe.gov/oiaf/aeo/otherana…
It states we won't have a significant amount of oil offshore (produced) until 2030.
Same group's report on Drilling in Alaska. As I mentioned earlier their findings state that we won't lwoer oil prices by much from oil in Alaska
http://www.eia.doe.gov/oiaf/servicerpt/a…
This is a White House organization saying this- not an environmental group. I think we should not be investing in domestic oil production. Rather we should be using clean alternate energy. It reduces pollution, and more importantly, lasts longer (more permanent than oil)-- even if it takes a while to make, we should be more dependent on alternate energy, within the next 20 years to say the least, than with oil. We've already started looking into it and we should increase our funding and incentives in it.
What is the annual united states oil consumption?
you can estimate the consumption at about 20-22 mm barrels a day... Do the math...
What do we use our oil for in the United states is we can't use it for fuel?
Maybe if we were to say to the other countries that we will use our own they would straighten up. I wish congress would open there eyes and realize how much our country is going to start suffering.What do we use our oil for in the United states is we can't use it for fuel?
Not all crude oil can be used for running cars.
Crude oil is sent to the oil refineries for processing and it ends up being used for all sorts of reasons. Some oil can only be used for aircraft fuel, other oil is used for plastics.
http://en.wikipedia.org/wiki/Oil_refiner鈥?/a>What do we use our oil for in the United states is we can't use it for fuel?
we use it to pollute the oceans, the air, the environment.
Not all crude oil can be used for running cars.
Crude oil is sent to the oil refineries for processing and it ends up being used for all sorts of reasons. Some oil can only be used for aircraft fuel, other oil is used for plastics.
http://en.wikipedia.org/wiki/Oil_refiner鈥?/a>What do we use our oil for in the United states is we can't use it for fuel?
we use it to pollute the oceans, the air, the environment.
In what year was the last oil refinery built in the United States?
I'm very tired of the ';war for oil'; argument. We cannot even refine oil at a pace that keeps up with our demand. Please tell me when IN THIS COUNTRY, we built a refinery capable of refining gasoline.In what year was the last oil refinery built in the United States?
Mike, refineries are built when you have your own oil to to refine. Depending on imported oil from OPEC that is priced by them to maximize their gain makes refining a risky uneconomic proposition. It has nothing to do withe ecological concerns or finding new oil in the US in the short term. You and everyone else needs to understand who controls the price of oil-certainly not even the toadies working for US OILCO's who settle for the crumbs from OPEC's table. The OIL in the SPR is ours and could be used to supply a new modern refinery but other refiners would balk at the exclusivity of the idea. Even then OPEC will eventually own it when SPR oil runs out and no new non-OPEC sources are found! We should be finding ways of reducing energy through conservation by efficiency improvements and finding ways to reduce reliance on OPEC OIL or other carbon-energy sources from our self-serving fat and greedy OILCO's who benefit from the situation (pls notice I did not say oil shortage or scarcity!)
Funny how the truth gets rejected by the ignorant who know nothing about the oil industry or the oil refining business! When someone tells you the facts, you should listen! Too many oil shills dwell here!In what year was the last oil refinery built in the United States?
I guess there are many who are not students of history and think history is for the oldsters. Wait till they grow older! Report Abuse
Also they will never build another one because they will only hurt there profits so that's why they don't build them.
Actually, we have enough refined gasoline right now.
Thats not whats driving up the cost of gasoline.
New refineries wouldn't help.
Untill the next hurricane hits the gulf coast.
The last one opened in March of 1978...now over 30 years ago.
BTW it was in the bay area of California and they have pickets around it once in a while - and they continually berate it for emissions and other issues. The bay area California clowns are so funny; they also complain about $4 a gallon gasoline and then one refinery that gives it too them...
We hven't built one in 60 years, we can't srill off our coasts (environmentalists), we can't drill any new well is the Gulf (environmentalists), we can't drill in the ANWR (Environmentalists)!
It has been decades, but there are plans to build new ones. There is a proposed refinery to be built in South Dakota, to refine oil pumped from Alaska and Canada. There is still a big debate in the state about it, though not much with environmental issues, but political ones.
not sure been way to long though.
flatfoot it's not because of the profits that they haven't built a new one. it has more to do with the EPA than profits. it is from all the rules and regulations, and the fact that it is almost impossible to get the authorization needed to build.
Mike, refineries are built when you have your own oil to to refine. Depending on imported oil from OPEC that is priced by them to maximize their gain makes refining a risky uneconomic proposition. It has nothing to do withe ecological concerns or finding new oil in the US in the short term. You and everyone else needs to understand who controls the price of oil-certainly not even the toadies working for US OILCO's who settle for the crumbs from OPEC's table. The OIL in the SPR is ours and could be used to supply a new modern refinery but other refiners would balk at the exclusivity of the idea. Even then OPEC will eventually own it when SPR oil runs out and no new non-OPEC sources are found! We should be finding ways of reducing energy through conservation by efficiency improvements and finding ways to reduce reliance on OPEC OIL or other carbon-energy sources from our self-serving fat and greedy OILCO's who benefit from the situation (pls notice I did not say oil shortage or scarcity!)
Funny how the truth gets rejected by the ignorant who know nothing about the oil industry or the oil refining business! When someone tells you the facts, you should listen! Too many oil shills dwell here!In what year was the last oil refinery built in the United States?
I guess there are many who are not students of history and think history is for the oldsters. Wait till they grow older! Report Abuse
Also they will never build another one because they will only hurt there profits so that's why they don't build them.
Actually, we have enough refined gasoline right now.
Thats not whats driving up the cost of gasoline.
New refineries wouldn't help.
Untill the next hurricane hits the gulf coast.
The last one opened in March of 1978...now over 30 years ago.
BTW it was in the bay area of California and they have pickets around it once in a while - and they continually berate it for emissions and other issues. The bay area California clowns are so funny; they also complain about $4 a gallon gasoline and then one refinery that gives it too them...
We hven't built one in 60 years, we can't srill off our coasts (environmentalists), we can't drill any new well is the Gulf (environmentalists), we can't drill in the ANWR (Environmentalists)!
It has been decades, but there are plans to build new ones. There is a proposed refinery to be built in South Dakota, to refine oil pumped from Alaska and Canada. There is still a big debate in the state about it, though not much with environmental issues, but political ones.
not sure been way to long though.
flatfoot it's not because of the profits that they haven't built a new one. it has more to do with the EPA than profits. it is from all the rules and regulations, and the fact that it is almost impossible to get the authorization needed to build.
What is the largest oil importing port in the United States?
Please include references. I think it's New Orleans, but need a reliable reference.What is the largest oil importing port in the United States?
It is in Louisiana Offshore so ya your right.What is the largest oil importing port in the United States?
http://en.wikipedia.org/wiki/Louisiana_O…
Dallas J.R. Ewing runs it
It is in Louisiana Offshore so ya your right.What is the largest oil importing port in the United States?
http://en.wikipedia.org/wiki/Louisiana_O…
Dallas J.R. Ewing runs it
Question for my debate team about russia's oil and the united states?
Question for my debate team about russia's oil and the united states?
If The united states stop buying oil from russia I need to find an argument that says this is actually A good thing. I was thinking if they do that would let other country's buy more but I Cant seem to find that argument online please help!!!Question for my debate team about russia's oil and the united states?
The US is not buying much directly from Russia. They are mostly delivering to Europe. The US doesn't buy any from Iran and it has no impact. What we do not buy is going to be picked up on the open market one way or the other. The only ';good'; thing that would come of a boycott is that it would make a politician feel better.
If The united states stop buying oil from russia I need to find an argument that says this is actually A good thing. I was thinking if they do that would let other country's buy more but I Cant seem to find that argument online please help!!!Question for my debate team about russia's oil and the united states?
The US is not buying much directly from Russia. They are mostly delivering to Europe. The US doesn't buy any from Iran and it has no impact. What we do not buy is going to be picked up on the open market one way or the other. The only ';good'; thing that would come of a boycott is that it would make a politician feel better.
How can I (a Unites States citizen) purchase olive oil futures contracts? Or bet on olive oil in general?
I believe that olive oil distributors and producers will do well in the future. I am a US citizen, and I would like to capitalize on this belief. The most direct possibility is to buy olive oil futures, but they appear to only be traded in Spain, and I don't know how to do it as a US citizen. Alternatively, perhaps there are individual stocks (US or foreign) that I could purchase. These should be of companies that would profit if the demand for olive oil increases.How can I (a Unites States citizen) purchase olive oil futures contracts? Or bet on olive oil in general?
If it still trades in Spain, try setting up an account at http://www.interactivebrokers.com/en/mai… . I have heard that they do a good job. Pretty much an online experience however, not much hand holding.
Consider importing Olive Oil and creating your own brand. I love the stuff, but don't see any US traded commodities. You could also hit the supermarket and copy down all the brand names. Then look for companies that have Olive Oil as the major product.windows web server
If it still trades in Spain, try setting up an account at http://www.interactivebrokers.com/en/mai… . I have heard that they do a good job. Pretty much an online experience however, not much hand holding.
Consider importing Olive Oil and creating your own brand. I love the stuff, but don't see any US traded commodities. You could also hit the supermarket and copy down all the brand names. Then look for companies that have Olive Oil as the major product.
Oil profits sky-rocket as Mexican drug cartels smuggle stolen oil into the United States to be processed?
Can this be true . Just heard it on fox news .Oil profits sky-rocket as Mexican drug cartels smuggle stolen oil into the United States to be processed?
Of course it is true. The Cartels run more of Mexico than the Mexican government does.
Of course it is true. The Cartels run more of Mexico than the Mexican government does.
Why doesnt United States drill for oil within our own boaders?
I want to sign a potition because i have a jeep wrangler and it drinks gas like a spiked drink at a old folks homeWhy doesnt United States drill for oil within our own boaders?
We can't drill our way out of the energy crisis. Drilling will only cause prices to go down about a nickel over the next decade at the best. It's not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we'd only have 2-3% of the needed national supply. We can't depend on oil. We have to find alternative sources of energy.Why doesnt United States drill for oil within our own boaders?
Kick out the democrats who kneel to the environmental wackos.
Hint: Al global warming Gore is a democrat.
The democrats have refused to allow drilling for oil everywhere there is oil. Both continental shelves, the Gulf of Mexico, and Alaska. We need to remove them until they start to represent all the people instead of the shrill few.
The Senate advanced a bill last month to allow drilling in the USA and the democrates shot it down.
THIS IS THE NEWS OF THE HOUR TO YOU!
MASSIVE OIL DEPOSIT FOUND IN USA !
Massive Oil Deposit Could Increase US reserves by 10x
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed.
Thanks to new technology the Bakken Formation in North Dakota could boost America鈥檚 Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC鈥檚 short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant. In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana.
With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.
It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.
The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars overseas, building palaces in Dubai and propping up unfriendly regimes around the World!
If 200 billion barrels of oil at $120 a barrel are recovered in the high plains the added wealth to the US economy would be $24 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run !!!
There are quiet a few oil drilling outfits here in the U.S. that most of us never hear about. Tennessee has several oil wells that have been capped off near my home town because they claim they were not producing enough oil, they are gradually reopening them now since the price of oil has gone up so much.
Someone said it! The environmentalists won't let us. We have to save the trees and the polar bears. Forget about the American economy. Mexico subsidizes the cost of fuel for their country. It is still $2.50 a gallon to buy gas over there.
They say that if we start drilling now it will take five years before we see any results.
We do drill in the US, it is just that we have a lot of oil that is under protected areas.
If you don't think we drill for oil, you haven't been to Texas. There are thousands of oil rigs.
Why not use up the worlds oil. When it is gone, drill here. I know that sounds greedy. I think douche bags driving around in hummers is greedy.
We already Dried up are Oil, so we depend on Foreign Countries Oil.
Their drilling in TN all day long here what they do with it is any bodies guess!
the environmentalists won't let us.
We can't drill our way out of the energy crisis. Drilling will only cause prices to go down about a nickel over the next decade at the best. It's not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we'd only have 2-3% of the needed national supply. We can't depend on oil. We have to find alternative sources of energy.Why doesnt United States drill for oil within our own boaders?
Kick out the democrats who kneel to the environmental wackos.
Hint: Al global warming Gore is a democrat.
The democrats have refused to allow drilling for oil everywhere there is oil. Both continental shelves, the Gulf of Mexico, and Alaska. We need to remove them until they start to represent all the people instead of the shrill few.
The Senate advanced a bill last month to allow drilling in the USA and the democrates shot it down.
THIS IS THE NEWS OF THE HOUR TO YOU!
MASSIVE OIL DEPOSIT FOUND IN USA !
Massive Oil Deposit Could Increase US reserves by 10x
America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed.
Thanks to new technology the Bakken Formation in North Dakota could boost America鈥檚 Oil reserves by an incredible 10 times, giving western economies the trump card against OPEC鈥檚 short squeeze on oil supply and making Iranian and Venezuelan threats of disrupted supply irrelevant. In the next 30 days the USGS (U.S. Geological Survey) will release a new report giving an accurate resource assessment of the Bakken Oil Formation that covers North Dakota and portions of South Dakota and Montana.
With new horizontal drilling technology it is believed that from 175 to 500 billion barrels of recoverable oil are held in this 200,000 square mile reserve that was initially discovered in 1951. The USGS did an initial study back in 1999 that estimated 400 billion recoverable barrels were present but with prices bottoming out at $10 a barrel back then the report was dismissed because of the higher cost of horizontal drilling techniques that would be needed, estimated at $20-$40 a barrel.
It was not until 2007, when EOG Resources of Texas started a frenzy when they drilled a single well in Parshal N.D. that is expected to yield 700,000 barrels of oil that real excitement and money started to flow in North Dakota. Marathon Oil is investing $1.5 billion and drilling 300 new wells in what is expected to be one of the greatest booms in Oil discovery since Oil was discovered in Saudi Arabia in 1938.
The US imported about 14 million barrels of Oil per day in 2007 , which means US consumers sent about $340 Billion Dollars overseas, building palaces in Dubai and propping up unfriendly regimes around the World!
If 200 billion barrels of oil at $120 a barrel are recovered in the high plains the added wealth to the US economy would be $24 Trillion Dollars which would go a long way in stabilizing the US trade deficit and could cut the cost of oil in half in the long run !!!
There are quiet a few oil drilling outfits here in the U.S. that most of us never hear about. Tennessee has several oil wells that have been capped off near my home town because they claim they were not producing enough oil, they are gradually reopening them now since the price of oil has gone up so much.
Someone said it! The environmentalists won't let us. We have to save the trees and the polar bears. Forget about the American economy. Mexico subsidizes the cost of fuel for their country. It is still $2.50 a gallon to buy gas over there.
They say that if we start drilling now it will take five years before we see any results.
We do drill in the US, it is just that we have a lot of oil that is under protected areas.
If you don't think we drill for oil, you haven't been to Texas. There are thousands of oil rigs.
Why not use up the worlds oil. When it is gone, drill here. I know that sounds greedy. I think douche bags driving around in hummers is greedy.
We already Dried up are Oil, so we depend on Foreign Countries Oil.
Their drilling in TN all day long here what they do with it is any bodies guess!
the environmentalists won't let us.
My ninja250r manual states use 10w40 motor oil if you have a bike what do you use or recommend?
i was just reading the manual and since i use 10w30 in the summer for my car and 10w40(winter) i was curious as to what others use for there bike.My ninja250r manual states use 10w40 motor oil if you have a bike what do you use or recommend?
Follow the manual.
Also, you should switch your oils around that you use in your car. You want a lighter oil in winter, heavier in summer. Or, if you really want to be smart, just use what the manual recommends.
Follow the manual.
Also, you should switch your oils around that you use in your car. You want a lighter oil in winter, heavier in summer. Or, if you really want to be smart, just use what the manual recommends.
What countries does the united states get most of its oil from?
If you could be me some more accurate answers, it would help.What countries does the united states get most of its oil from?
Canada. The province of Alberta to be specific. The reserves of the oil sands in northeastern Alberta are said to be only second to that of Saudi Arabia. Nine per cent of US crude imports is supplied by Canada. 1 500 000 barrels is sent to the US every day. Production has been going full tilt for the last decade. With the current price of oil, we're supposedly going through the good times. With the current boom, I've noticed it takes a heck of a lot longer to get to school in the last two years.
As for California in 2005 (I couldn't get as specific as you wished), it is Saudi Arabia at 34% and Ecuador at 25%, and....Iraq at 12%. The total percentage of foreign sources of oil for California is 40.65%.
NOTE TO natas6665: The bad lands of Alberta is located in the southeastern area of the province. There are no tar/oil sands there. Mind you, there is oil production in southern Alberta.What countries does the united states get most of its oil from?
PEOPLE WISH SOMEONE HAD A BRAIN ,THE ALBERTA BAD LANDS SAP OIL TAR HOLDING THE FAULT LINE TOGETHER ,SAN ADRIA'S WITH THE FIRE OF RIM IN THE MIDDLE AND STUCK IN THE MIDDLE WITH YOU/THAT IS THE PROPHECY WHERE ONE THIRD OF MANKIND GOES TO HELL ,BECAUSE YOU FAILED BELIEVE IN THE WORD OF GOD
Canada followed by Mexico
Canada
I'm pretty sure most of ours comes from the Texas and Alaska areas.
I think it's Canada that we import most from
venezuella
Canada. The province of Alberta to be specific. The reserves of the oil sands in northeastern Alberta are said to be only second to that of Saudi Arabia. Nine per cent of US crude imports is supplied by Canada. 1 500 000 barrels is sent to the US every day. Production has been going full tilt for the last decade. With the current price of oil, we're supposedly going through the good times. With the current boom, I've noticed it takes a heck of a lot longer to get to school in the last two years.
As for California in 2005 (I couldn't get as specific as you wished), it is Saudi Arabia at 34% and Ecuador at 25%, and....Iraq at 12%. The total percentage of foreign sources of oil for California is 40.65%.
NOTE TO natas6665: The bad lands of Alberta is located in the southeastern area of the province. There are no tar/oil sands there. Mind you, there is oil production in southern Alberta.What countries does the united states get most of its oil from?
PEOPLE WISH SOMEONE HAD A BRAIN ,THE ALBERTA BAD LANDS SAP OIL TAR HOLDING THE FAULT LINE TOGETHER ,SAN ADRIA'S WITH THE FIRE OF RIM IN THE MIDDLE AND STUCK IN THE MIDDLE WITH YOU/THAT IS THE PROPHECY WHERE ONE THIRD OF MANKIND GOES TO HELL ,BECAUSE YOU FAILED BELIEVE IN THE WORD OF GOD
Canada followed by Mexico
Canada
I'm pretty sure most of ours comes from the Texas and Alaska areas.
I think it's Canada that we import most from
venezuella
Why does President Bush keep bringing up drilling for oil in the United States?
Even if they started drilling today, it would have no effect on Gas Prices for 7 or 8 years.
I think we could get off of Gas in 7 or 8 years if we concentrate our efforts.Why does President Bush keep bringing up drilling for oil in the United States?
It is his back end black mail tactics. He knows that the American people do not want to accept offshore drilling to ruin our beautiful beaches, nor Alaska, so he want to play the blame game to act as if with out that, we are stuck paying inflated gas prices. He knows perfectly well we have options that will put the change the face of the energy industry - but they don't want those options.Why does President Bush keep bringing up drilling for oil in the United States?
Thanks for selecting my answer as Best Answer
:)
Moiko Report Abuse
We will not be able to meet the energy demands of this country in 7 or 8 years with alternative energy. If congress agrees today to drill, the price of oil will start to fall tomorrow. The speculators, who congress loves to blame, are only reacting to supply and demand. If they think future supply will increase, and the price of oil will go down, they will sell their futures positions that they now hold, because they will lose big bucks if they don't. When they sell and other futures traders sell, the price will come down. And Saudi Arabia will take notice also. This is the underlying economics behind oil prices, that most people don't understand. They keep on listening to people like Pelosi and the Demagogs.
Oil is the most efficient source of energy today, and for the next 50-75 years, period. Alternatives are fine and should be explored with great vigor, but are in no way ready for mass production ... and won't be for a generation or two. America has many known reserves, and the wealth potential for unlimited reserves given exploration and, yes, drilling.
Oil and gasoline are a fact of life, for the rest of yours. And even if the magical alternative is found, it'll take no less than 30 years to phase-out gasoline.
Drill here, drill now, stop funding South American and Middle East Tyrants.
If the American government announced an all-out drilling plan for oil, the price of oil would collapse overnight. Speculators rule this market. This is why the Saudi's want the price to come down, so they remain the leading exporter.
Most Americans want drilling. It would have an immediate effect. There are two kinds of futures market speculators. Traditional speculators need to hedge because they take physical possession of the commodities. But index speculators merely allocate a portion of their portfolio to commodity futures. Index speculation, according to Masters, damages price-discovery mechanisms provided by futures markets. Said simply: with index speculation you posses nothing but paper, so you play more easily.
because he wants the current group of oil companies to control even more leases to thwart competition.....
He knows they aren't drilling ';just cuz'; like everyone else does who really looks into these things.
';its too expensive to drill there'; ';its too hard to get too';
Oil is at an all-time high, wouldn't now be the time with prices continually rising to cash in on that?
Crude oil prices are from the futures markets. Any news changes the price per barrel on the futures market, and than affects the current price at the pump. Anyway, at least it's an idea, Obama has no ideas, he can only shoot down others, he has none of his own.
It's his parting gift to the oil executives that put him and his party in office.
The oil companies will sell it on the world market and the US may not see half of it, even then. Not worth the loss of another seafood source.
i really don`t know. everything i see or read says all that drilling is only going to give us 1 or 2% of the oil we use and won`t change the prjce of anything.
we should drill for it
Using the excuse that it wont help right away is a poor defense to not drill.
If the dems would have allowed us to drill when we wanted to we would have the oil already
Because Bush and Cheney are shills for the oil industry. And you're correct that a concerted effort towards alternate energy is better solution, both short and long term.
You re dealing with a giant populace who are not too caring
what happens to this Country,
I think we could get off of Gas in 7 or 8 years if we concentrate our efforts.Why does President Bush keep bringing up drilling for oil in the United States?
It is his back end black mail tactics. He knows that the American people do not want to accept offshore drilling to ruin our beautiful beaches, nor Alaska, so he want to play the blame game to act as if with out that, we are stuck paying inflated gas prices. He knows perfectly well we have options that will put the change the face of the energy industry - but they don't want those options.Why does President Bush keep bringing up drilling for oil in the United States?
Thanks for selecting my answer as Best Answer
:)
Moiko Report Abuse
We will not be able to meet the energy demands of this country in 7 or 8 years with alternative energy. If congress agrees today to drill, the price of oil will start to fall tomorrow. The speculators, who congress loves to blame, are only reacting to supply and demand. If they think future supply will increase, and the price of oil will go down, they will sell their futures positions that they now hold, because they will lose big bucks if they don't. When they sell and other futures traders sell, the price will come down. And Saudi Arabia will take notice also. This is the underlying economics behind oil prices, that most people don't understand. They keep on listening to people like Pelosi and the Demagogs.
Oil is the most efficient source of energy today, and for the next 50-75 years, period. Alternatives are fine and should be explored with great vigor, but are in no way ready for mass production ... and won't be for a generation or two. America has many known reserves, and the wealth potential for unlimited reserves given exploration and, yes, drilling.
Oil and gasoline are a fact of life, for the rest of yours. And even if the magical alternative is found, it'll take no less than 30 years to phase-out gasoline.
Drill here, drill now, stop funding South American and Middle East Tyrants.
If the American government announced an all-out drilling plan for oil, the price of oil would collapse overnight. Speculators rule this market. This is why the Saudi's want the price to come down, so they remain the leading exporter.
Most Americans want drilling. It would have an immediate effect. There are two kinds of futures market speculators. Traditional speculators need to hedge because they take physical possession of the commodities. But index speculators merely allocate a portion of their portfolio to commodity futures. Index speculation, according to Masters, damages price-discovery mechanisms provided by futures markets. Said simply: with index speculation you posses nothing but paper, so you play more easily.
because he wants the current group of oil companies to control even more leases to thwart competition.....
He knows they aren't drilling ';just cuz'; like everyone else does who really looks into these things.
';its too expensive to drill there'; ';its too hard to get too';
Oil is at an all-time high, wouldn't now be the time with prices continually rising to cash in on that?
Crude oil prices are from the futures markets. Any news changes the price per barrel on the futures market, and than affects the current price at the pump. Anyway, at least it's an idea, Obama has no ideas, he can only shoot down others, he has none of his own.
It's his parting gift to the oil executives that put him and his party in office.
The oil companies will sell it on the world market and the US may not see half of it, even then. Not worth the loss of another seafood source.
i really don`t know. everything i see or read says all that drilling is only going to give us 1 or 2% of the oil we use and won`t change the prjce of anything.
we should drill for it
Using the excuse that it wont help right away is a poor defense to not drill.
If the dems would have allowed us to drill when we wanted to we would have the oil already
Because Bush and Cheney are shills for the oil industry. And you're correct that a concerted effort towards alternate energy is better solution, both short and long term.
You re dealing with a giant populace who are not too caring
what happens to this Country,
Will there be a great depression in the United States when the oil runs dry?
Explain other predictions for economic ruin?Will there be a great depression in the United States when the oil runs dry?
If the United States go to war with Iran then, the start of the depression will begin. According to my Economics teacher.Will there be a great depression in the United States when the oil runs dry?
No........
by that time there will be a number of widely used alternative energy sources. Solar, etc.
The oil will run dry slowly and as it does the price will rise causing people to seek other sources of energy. Because the new energy will probably be more expensive we will have less resources for other things, but the economy will not crash. The short term the crisis in the credit markets is likely to cause a recession but not ruin. Even attacking Iran and disrupting the oil flows from the middle east suddenlly will not lead to ruin, although it will feel like it for a time. If we continue not to save as a nation, financing both our personal and government expenditures by what amounts to selling our assets to foreign investors we will gradually become a poorer nation, but will still not have economic ruin. If the worst case scenarios for global warming actually happen and our major cities end up under water, it would be devastating to our economy. Cities are not just building but complex social and economic networks, that are essential to our economic well being. The building could be replaced in a decade, but restoring the economic value of the cities would take a generation.
I doubt it, but as oil gets more and more expensive our economy will slow down as it has been for the past 6 or so years. We are very close to a recession right now. Economic experts dont see a very good next 10-15 years for the US as the dollar falls, inflations increases, oil prices go up and up, and the housing thing doesnt help either. So much of our country is dependent on oil and coal that change will be hard and i only see change happening when we have to change. We wont switch to a semi renewable energy source, like ethanol for at least 20 years, change happens slowly. The world is very unstable right now, like always, where one event on the other side of the world could end civilization as we know it.windows web server
If the United States go to war with Iran then, the start of the depression will begin. According to my Economics teacher.Will there be a great depression in the United States when the oil runs dry?
No........
by that time there will be a number of widely used alternative energy sources. Solar, etc.
The oil will run dry slowly and as it does the price will rise causing people to seek other sources of energy. Because the new energy will probably be more expensive we will have less resources for other things, but the economy will not crash. The short term the crisis in the credit markets is likely to cause a recession but not ruin. Even attacking Iran and disrupting the oil flows from the middle east suddenlly will not lead to ruin, although it will feel like it for a time. If we continue not to save as a nation, financing both our personal and government expenditures by what amounts to selling our assets to foreign investors we will gradually become a poorer nation, but will still not have economic ruin. If the worst case scenarios for global warming actually happen and our major cities end up under water, it would be devastating to our economy. Cities are not just building but complex social and economic networks, that are essential to our economic well being. The building could be replaced in a decade, but restoring the economic value of the cities would take a generation.
I doubt it, but as oil gets more and more expensive our economy will slow down as it has been for the past 6 or so years. We are very close to a recession right now. Economic experts dont see a very good next 10-15 years for the US as the dollar falls, inflations increases, oil prices go up and up, and the housing thing doesnt help either. So much of our country is dependent on oil and coal that change will be hard and i only see change happening when we have to change. We wont switch to a semi renewable energy source, like ethanol for at least 20 years, change happens slowly. The world is very unstable right now, like always, where one event on the other side of the world could end civilization as we know it.
Has the time come to drill for oil in the United States or are we more concerned about crippling America?
So we can make the World love us.Has the time come to drill for oil in the United States or are we more concerned about crippling America?
it was time when gas it 2.00 a gallonHas the time come to drill for oil in the United States or are we more concerned about crippling America?
We can't drill our way out of the energy crisis. Drilling will only cause prices to go down about a nickel over the next decade at the best. It's not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we'd only have 2-3% of the needed national supply. We can't depend on oil. We have to find alternative sources of energy.
Nope, the world doesn't need to love us but to coexist in peace would be great!
it was time when gas it 2.00 a gallonHas the time come to drill for oil in the United States or are we more concerned about crippling America?
We can't drill our way out of the energy crisis. Drilling will only cause prices to go down about a nickel over the next decade at the best. It's not going to have huge longterm effects except on the environment. Even if the US drilled all over the country we'd only have 2-3% of the needed national supply. We can't depend on oil. We have to find alternative sources of energy.
Nope, the world doesn't need to love us but to coexist in peace would be great!
Are there any commercial algae oil growers in the United States yet?
I find algae growing for oil production quite fascinating, however I have been unable to find anyone actually doing this commercially. I find alot of people experimenting and universities doing varoius projects. If there is so much potential, why is it taking so long to get a facility up and running? Does anyone know of any companies currently producing oil or nearly to that stage?Are there any commercial algae oil growers in the United States yet?
There are no commecial operations at this time. There is potential but they are still trying to get a better return (in terms of oil) for the amount of algae. Many algae give a relatively poor return.Are there any commercial algae oil growers in the United States yet?
well its the cost to return problem yes we can make it but its not viable to be produced in any large quantities. so i would say that it will be near imposable to find any oil companies selling it.
I too am very interested in algae biodiesel production. Here is an article stating that Petrosun Biodiesel Inc. will begin producing Algae Biodiesel on April 1st (Very soon)! However, I have read that they are still working on bring down the production cost. Will see if it hits the market soon.
http://www.earthtimes.org/articles/show/petrosun-set-to-commence-operations-on-its-initial-commerical-algae-to-biofuels-farm,308435.shtml
There are no commecial operations at this time. There is potential but they are still trying to get a better return (in terms of oil) for the amount of algae. Many algae give a relatively poor return.Are there any commercial algae oil growers in the United States yet?
well its the cost to return problem yes we can make it but its not viable to be produced in any large quantities. so i would say that it will be near imposable to find any oil companies selling it.
I too am very interested in algae biodiesel production. Here is an article stating that Petrosun Biodiesel Inc. will begin producing Algae Biodiesel on April 1st (Very soon)! However, I have read that they are still working on bring down the production cost. Will see if it hits the market soon.
http://www.earthtimes.org/articles/show/petrosun-set-to-commence-operations-on-its-initial-commerical-algae-to-biofuels-farm,308435.shtml
Why can't we drill for oil around the United States and not be so dependent on others?
We have oil under the U.S. so why don't we drill for it and make our refineries here like overseas and not have to be held hostage for oil.Why can't we drill for oil around the United States and not be so dependent on others?
The environmentalist groups are way too strong in this country to allow massive oil drilling to occur.Why can't we drill for oil around the United States and not be so dependent on others?
Let us in on your little secret about oil in the US. Where? The continental US is about tapped out. None in Hawaii and Alaska is being worked. Any more brain farts??
Ask the environmentalists! It is through their lobbying in Washington D.C. that much of the exploration in the U.S. has been stifled. Anwar is the most recent example. Here's an analogy that reveals how much impact drilling for oil in Anwar would affect that area. Take a 9 foot by 12 foot rug and let it represent Anwar. Then take a postage stamp and place it in the center of the rug. The postage stamp represents the area that would be affected by drilling for oil.
It's the environmentalist movement that has kept this country so weak and dependent on foreign oil. If this pisses you off as much as it does me, let your congressman know!!
I hear our biggest solution to that problem could be in Canada. Canada contains one of the largest oil sand deposits in the world. The process to get the oil from the sand is relatively simple and could solve our MidEast problem in the future. Dealing with Canada would be much easier and probably more cost effective. I hear this type of oil is the more desirable oil too. I believe it is light sweet crude oil. The best kind. Its probably not the total solution, but I hear its on the way and it is good.
Oil is available throughout much of the US.
I grew up during a period when there were small oil wells throughout much of the farm land of Ohio.
This was dropped in favor of the ease of large deposits elsewhere. The small wells in OH were not up to having a pipeline, the companies went around with a truck collecting from people. This has not been a cost efficient as buying it overseas and having it shipped in huge tankers.
But, as the price of oil goes up, it's going to be more likely that theses small time producers are going to make enough money to be able to afford to keep the wells running again.
Oil isn't everywhere. It's not like you can drill a hole in your back yard and find an oil patch... it's not cabbage, you know?
because:
(1)the oil companies are NOTORIOUS for their nasty environmental practices around the world
(2)the US made some DUMB political decisions in the past and now we're paying for it.
Because of the eco terrorist that keep the US for drilling for oil.
Because the Large Oil Companies dont make enough money off of us, so they sell it overseas.
Alaska is a fine example. They made the pipe line, (Government money for a lot of it), and they drill in Alaska and not a DROP of it is for the USA! It ALL goes to JAPAN!
So, I could care less if they do drill in the USA, and if they do, drill on Government Land, they should pay a huge price to the Government, and not get it for FREE!!!
WE OWN THAT LAND, NOT THE OIL COMPANIES!
SO, WE SHOULD GET THE PROFITS AND BENEFIETS FROM IT!
I wish you well..
Jesse
Your constanly trying to find new oil in your land, but it has been proven that the middle east has the most oil and natural gas in the world, damn!!!
Oil isnt every where, not to mention the capitle to drill for it is extensive. Most oil is offshore anyway, and the US is slowly turning to offshore oil to relieve us from foriegn oil.
WE ALREADY DO.
BUT THE US OIL ISNT ENOUGH FOR THE WHOLE PEOPLE IN the us.
SO THEY DRILL OIL FROM THE MIDDLE EAST AND STUFF.
our oil sucks
The environmentalist groups are way too strong in this country to allow massive oil drilling to occur.Why can't we drill for oil around the United States and not be so dependent on others?
Let us in on your little secret about oil in the US. Where? The continental US is about tapped out. None in Hawaii and Alaska is being worked. Any more brain farts??
Ask the environmentalists! It is through their lobbying in Washington D.C. that much of the exploration in the U.S. has been stifled. Anwar is the most recent example. Here's an analogy that reveals how much impact drilling for oil in Anwar would affect that area. Take a 9 foot by 12 foot rug and let it represent Anwar. Then take a postage stamp and place it in the center of the rug. The postage stamp represents the area that would be affected by drilling for oil.
It's the environmentalist movement that has kept this country so weak and dependent on foreign oil. If this pisses you off as much as it does me, let your congressman know!!
I hear our biggest solution to that problem could be in Canada. Canada contains one of the largest oil sand deposits in the world. The process to get the oil from the sand is relatively simple and could solve our MidEast problem in the future. Dealing with Canada would be much easier and probably more cost effective. I hear this type of oil is the more desirable oil too. I believe it is light sweet crude oil. The best kind. Its probably not the total solution, but I hear its on the way and it is good.
Oil is available throughout much of the US.
I grew up during a period when there were small oil wells throughout much of the farm land of Ohio.
This was dropped in favor of the ease of large deposits elsewhere. The small wells in OH were not up to having a pipeline, the companies went around with a truck collecting from people. This has not been a cost efficient as buying it overseas and having it shipped in huge tankers.
But, as the price of oil goes up, it's going to be more likely that theses small time producers are going to make enough money to be able to afford to keep the wells running again.
Oil isn't everywhere. It's not like you can drill a hole in your back yard and find an oil patch... it's not cabbage, you know?
because:
(1)the oil companies are NOTORIOUS for their nasty environmental practices around the world
(2)the US made some DUMB political decisions in the past and now we're paying for it.
Because of the eco terrorist that keep the US for drilling for oil.
Because the Large Oil Companies dont make enough money off of us, so they sell it overseas.
Alaska is a fine example. They made the pipe line, (Government money for a lot of it), and they drill in Alaska and not a DROP of it is for the USA! It ALL goes to JAPAN!
So, I could care less if they do drill in the USA, and if they do, drill on Government Land, they should pay a huge price to the Government, and not get it for FREE!!!
WE OWN THAT LAND, NOT THE OIL COMPANIES!
SO, WE SHOULD GET THE PROFITS AND BENEFIETS FROM IT!
I wish you well..
Jesse
Your constanly trying to find new oil in your land, but it has been proven that the middle east has the most oil and natural gas in the world, damn!!!
Oil isnt every where, not to mention the capitle to drill for it is extensive. Most oil is offshore anyway, and the US is slowly turning to offshore oil to relieve us from foriegn oil.
WE ALREADY DO.
BUT THE US OIL ISNT ENOUGH FOR THE WHOLE PEOPLE IN the us.
SO THEY DRILL OIL FROM THE MIDDLE EAST AND STUFF.
our oil sucks
How does the price of oil affect the United States economy?
Makes a lot of money for someone.How does the price of oil affect the United States economy?
America could be independant if alternate fuel sources were used such as ethanol which is made from corn. If that source were used it would also boost america's farming economy. The recent overtaking of the gulf with mega-structures costing 500 million dollars a piece in construction was a mistake in my opinion, the oil is rich in the gulf no doubt about it. We also need a conversion to a clean burning fuel source which is ethanol to help prevent the complete deterioration of the o-zone layer within the next 100 years.How does the price of oil affect the United States economy?
Bottom line, it potentially affects everything in the economy because everything we buy has gas money in it. All that stuff at the store was driven (or flown or shipped) to it using oil products.
Given that, a high price of oil increases the cost of producing everything, and thus is bad for the economy (overall). It is probably the case that the high oil prices knocked a couple points off of what the US economic growth would have been with ';normal'; oil prices.
The remarkable thing about the US economy is how well it has handled the price of oil. Back in the 70's, a similar circumstance wrecked it (stagflation, etc).
The US economy is radically more energy efficient than it was then (dollar of gdp vs dollar of oil), so it was generally able to shrug it off.
If that can last long term, we don't know. But one thing is for sure, we will be even less sensitive next time.
America could be independant if alternate fuel sources were used such as ethanol which is made from corn. If that source were used it would also boost america's farming economy. The recent overtaking of the gulf with mega-structures costing 500 million dollars a piece in construction was a mistake in my opinion, the oil is rich in the gulf no doubt about it. We also need a conversion to a clean burning fuel source which is ethanol to help prevent the complete deterioration of the o-zone layer within the next 100 years.How does the price of oil affect the United States economy?
Bottom line, it potentially affects everything in the economy because everything we buy has gas money in it. All that stuff at the store was driven (or flown or shipped) to it using oil products.
Given that, a high price of oil increases the cost of producing everything, and thus is bad for the economy (overall). It is probably the case that the high oil prices knocked a couple points off of what the US economic growth would have been with ';normal'; oil prices.
The remarkable thing about the US economy is how well it has handled the price of oil. Back in the 70's, a similar circumstance wrecked it (stagflation, etc).
The US economy is radically more energy efficient than it was then (dollar of gdp vs dollar of oil), so it was generally able to shrug it off.
If that can last long term, we don't know. But one thing is for sure, we will be even less sensitive next time.
Why doesn't the United States use the oil in Alaska?
It's so silly to be dependant upon a natural resource that we possess and pay an country we are at war with for the very same product.
Hasn't oil been discovered in Texas too? If so, what about Canada %26amp; Mexico, has oil been discovered there and why aren't we using it?!Why doesn't the United States use the oil in Alaska?
fort mcmurray in alberta has the most oil in the world (random fact i happen to know)
and you are using a lot of itWhy doesn't the United States use the oil in Alaska?
I agree it is a bit silly. However we are using oil from Alaska, Canada and Mexico as well as Texas. These fields do not produce enough oil to satisfy demand in the USA. To become energy independent as a nation would require more development in Alaska, California and Florida. Whenever this is suggested, the opposition to any drilling has been strong enough to keep it from happening. See ANWAR.
So we are using the sources that you mentioned but there is much more to develop to attain energy independence.
Hope this helps
80% of imported oil comes from Canada.
We have been drilling and pumping oil up here since 1977. Our oil goes to the Lower 48. However, we do not have enough oil to satisfy the needs and wants of the USA.
Hasn't oil been discovered in Texas too? If so, what about Canada %26amp; Mexico, has oil been discovered there and why aren't we using it?!Why doesn't the United States use the oil in Alaska?
fort mcmurray in alberta has the most oil in the world (random fact i happen to know)
and you are using a lot of itWhy doesn't the United States use the oil in Alaska?
I agree it is a bit silly. However we are using oil from Alaska, Canada and Mexico as well as Texas. These fields do not produce enough oil to satisfy demand in the USA. To become energy independent as a nation would require more development in Alaska, California and Florida. Whenever this is suggested, the opposition to any drilling has been strong enough to keep it from happening. See ANWAR.
So we are using the sources that you mentioned but there is much more to develop to attain energy independence.
Hope this helps
80% of imported oil comes from Canada.
We have been drilling and pumping oil up here since 1977. Our oil goes to the Lower 48. However, we do not have enough oil to satisfy the needs and wants of the USA.
Is it possible to handcarry engine oil out of the States?
If not, can I baggage it?Is it possible to handcarry engine oil out of the States?
Are you talking about planes..they will take it from youIs it possible to handcarry engine oil out of the States?
Why would you want to?
No. They will definatly take it off you when going through security.windows web server
Are you talking about planes..they will take it from youIs it possible to handcarry engine oil out of the States?
Why would you want to?
No. They will definatly take it off you when going through security.
Wednesday, December 16, 2009
What would happen if the United States became independent of oil?
What would happen with the middle east and the world in general if the USA advanced with alternative fuels, electric cars, etc. and only needed our own domestic resources of oil to fill the gap? Would there be chaos? Peace? Would the rest of the world hate us even more? The opposite?What would happen if the United States became independent of oil?
World Peace maybe?
Plus, I think that most Americans wouldn't struggle as hard as we've been economically.
Wow, what a concept : Independent of oil.
Great question, man.What would happen if the United States became independent of oil?
I think that if the U.S. became completely independent of oil our country would progress at an unbelievable rate. As much trouble as foreign oil has caused us, it would be wonderful if we could just forget about the oil. On the other hand, the other countries could possibly progress with all of the extra oil, leaving us in the dust. Also take into account that the government funds would drop after the public stopped paying the rediculous oil prices.
There is alot more going on with that topic so much you could write a book about it here. With out really getting into it many of the technologies need for that have already been in existence for awhile now. The harder question and answer is why haven't we already began the process
Our economy would be awesome..Ditch your SUVs buy a hybred or electric car. Start solar panelling your property ....
we tried, bushco killed the electric car in cali.
The sheiks in the Mideast would go back to herding goats. Our life would continue better, cleaner, and wealthier than before.
The technology replacing oil would be a HUGE boon in business for those getting themselves involved.
liberals would then start accusing US of severing trade ties with the middle east.
the world would progress further i think. european nations would follow resulting in arab nations to have to keep up... leading us into a new age of technology
The very first thing that would happen is that stock market would crash (since oil futures are publicly traded commodities), next a few world economies would fall because the price would fall so much that China and India would be getting it for practically nothing...
Iran, all of the UAE, and possible Canada would instantly go into a recession...
And eventually that would come back to us. Like it or not, the world markets are all related...
And, and don't forget about 401(k)s... Since most brokerage houses and money management firms in the US own oil... Your retirement will become pretty much worthless... Oil drives a lot more than our cars and food trucks!
You people should study!
World Peace maybe?
Plus, I think that most Americans wouldn't struggle as hard as we've been economically.
Wow, what a concept : Independent of oil.
Great question, man.What would happen if the United States became independent of oil?
I think that if the U.S. became completely independent of oil our country would progress at an unbelievable rate. As much trouble as foreign oil has caused us, it would be wonderful if we could just forget about the oil. On the other hand, the other countries could possibly progress with all of the extra oil, leaving us in the dust. Also take into account that the government funds would drop after the public stopped paying the rediculous oil prices.
There is alot more going on with that topic so much you could write a book about it here. With out really getting into it many of the technologies need for that have already been in existence for awhile now. The harder question and answer is why haven't we already began the process
Our economy would be awesome..Ditch your SUVs buy a hybred or electric car. Start solar panelling your property ....
we tried, bushco killed the electric car in cali.
The sheiks in the Mideast would go back to herding goats. Our life would continue better, cleaner, and wealthier than before.
The technology replacing oil would be a HUGE boon in business for those getting themselves involved.
liberals would then start accusing US of severing trade ties with the middle east.
the world would progress further i think. european nations would follow resulting in arab nations to have to keep up... leading us into a new age of technology
The very first thing that would happen is that stock market would crash (since oil futures are publicly traded commodities), next a few world economies would fall because the price would fall so much that China and India would be getting it for practically nothing...
Iran, all of the UAE, and possible Canada would instantly go into a recession...
And eventually that would come back to us. Like it or not, the world markets are all related...
And, and don't forget about 401(k)s... Since most brokerage houses and money management firms in the US own oil... Your retirement will become pretty much worthless... Oil drives a lot more than our cars and food trucks!
You people should study!
How much (%) of the oil consumption in the United States is from vehicles, and how much is from other things?
Cars, trucks, trains and ships use oil for gasoline and lubricant. How much, as a percentage of TOTAL OIL CONSUMPTION, do vehicles use? How much oil is used by other consuming bodies?How much (%) of the oil consumption in the United States is from vehicles, and how much is from other things?
(2005 figures for the U.S.)
- 44% for motor gasoline (9.1 MBD - millions barrels per day)
- 20% for Distillate fuel (4.1 MBD)
- 8% for jet fuel (1.6 MBD)
- 4% for residual fuel oil consumption (0.9 MBD)How much (%) of the oil consumption in the United States is from vehicles, and how much is from other things?
you forgot all the oil they use in making the plastic body of the Honda Prius and other plastic products manufacturers make (which is just about everything).
(2005 figures for the U.S.)
- 44% for motor gasoline (9.1 MBD - millions barrels per day)
- 20% for Distillate fuel (4.1 MBD)
- 8% for jet fuel (1.6 MBD)
- 4% for residual fuel oil consumption (0.9 MBD)How much (%) of the oil consumption in the United States is from vehicles, and how much is from other things?
you forgot all the oil they use in making the plastic body of the Honda Prius and other plastic products manufacturers make (which is just about everything).
How do I go about selling highest quality olive oil from Italy in the States?
What regulations and papers do I have to make sure to have and were and how should I sell it? It is highest quality olive oil directly from Italy, so it will be imported.How do I go about selling highest quality olive oil from Italy in the States?
Why go through all of the International hassle?
The Counties of Butte %26amp; Yuba produce 3 of the world's 10 best olive oils, using state of the art, Italian presses, and having the luxory of growing California's best olives...How do I go about selling highest quality olive oil from Italy in the States?
Getting approval for bringing foreign agricultural products into the United States is an arduous process. I would suggest retaining the aid of a ';middle man'; or import attorney to help you wade through the red tape.
You might experience problems with Don Corleone and the Genko Oil Company.
Tsheggle sleeps with the fishes!
find a company that is interested in buying your product then i would start the importing project
Why go through all of the International hassle?
The Counties of Butte %26amp; Yuba produce 3 of the world's 10 best olive oils, using state of the art, Italian presses, and having the luxory of growing California's best olives...How do I go about selling highest quality olive oil from Italy in the States?
Getting approval for bringing foreign agricultural products into the United States is an arduous process. I would suggest retaining the aid of a ';middle man'; or import attorney to help you wade through the red tape.
You might experience problems with Don Corleone and the Genko Oil Company.
Tsheggle sleeps with the fishes!
find a company that is interested in buying your product then i would start the importing project
Why does refining capacity in the United States affect world crude oil prices?
I have seen this several times already in media reports. They claim that limited refining capacity is partially to blame for increased (crude) oil prices. I can understand that refining capacity would affect prices at the pump, but how is it that it affects world crude oil prices? It would seem that limited refining capacity that would cause limited supplies at the gas pump which would result in less crude oil being used, thus causing higher crude oil supplies. If other countries do not have as limited a refining capacity, wouldn't it make sense that they would have lower prices at their pumps (all else being equal)?Why does refining capacity in the United States affect world crude oil prices?
The news services are using ';refinery capacity'; as an answer for rising crude prices. You are correct in your assumption that limited refinery capacity would affect prices at the pump, but not crude prices.
One of the main causes of the increases in crude prices is basically demand. China and India (which have 1/3 of the world's population) are coming online as major energy consumers. These countries are experiencing booming economies and new wealth and their citizenry are demanding all the goods that the west has enjoyed for so long - and this takes energy, thus crude demand is going up.
The second major reason (the one the media won't touch) is the falling US dollar. Since 2002, the dollar has fallen some 34% in value against the major world currencies (about 65% against the Euro). As the dollar devalues, crude prices are going to go up.
Now, people will say ';Hey, crude sales are denominated in dollars, thus there is no foreign exchange and a depreciating dollar is irrelevent';. That's where they make they mistake. Yes, the majority of crude sales are dollar denominated and there is no foreign exchange on the front end, but there is on the back end. Let me give you an example:
Let's go back in time to 2002 when the EUR/USD exchange rate was 0.84, meaning that 1 Euro was worth $0.84. Now, let's say the U.S. purchases $500 million in crude from Saudi Arabia. Well, the middle east is not an agricultural mecca, they have to import their food - and they import their food from Europe. So, let's say Saudi Arabia buys 500 million Euro in food. With the exchange rate at 0.84, that means that the food would be $420 million - thus Saudi Arabia still has $80 million left. Fast forward to today with the exchange rate at 1.38. If we bought $500 million in crude from Saudi Arabia and then they turn around and buy 500 million Euro in food, that works out to $690 million. Thus as the Dollar is losing value, oil exporting countries have to raise their rates to compensate for the declining dollar as they exchange dollars for Euro's, Pounds, etc., for their purchases.
The one poster that said the Canada is our primary source for crude purchases is correct, but the greenback (US Dollar) has fallen 35% against the loonie (Canadian dollar) since 2002. As Canada will have to convert their USD reserves to whatever currency the country they purchase their imports from, they'll lose money, thus they'd have to raise the rates of their crude oil sales.
One thing you must remember, the media is going to give you some reason for the price rise, but not the truth. The gov't and media don't want you to know about how badly the dollar is depreciating. You are one of the few people using your noodle.Why does refining capacity in the United States affect world crude oil prices?
Any explanation that leaves out OPEC price fixing and MiddleEast OIL politics is incomplete and inadequate! Report Abuse
might the job is risky %26amp; expensive
United States companies own most of the refineries. US is the major market for crude oil. Even the Saudi's don't own a refinery.
This is not an easy question to answer and I will have to rely on some statistics that are a few years old to explain some of the reasons. Though these are a few years old, the relative standards remain the same and they relate to the oil consumptions of the top 20 purchasers of oil:
United States: 19.993 (4 times more than the 2nd largest consumer)
Japan: 5.423
China: 4.854
Germany: 2.814
Russia: 2.531
South Korea: 2.126
Brazil: 2.123
Canada: 2.048
France: 2.040
India: 2.011
Mexico: 1.932
Italy: 1.881
United Kingdom: 1.699
Spain: 1.465
SaudiArabia: 1.415
Iran: 1.109
Indonesia: 1.063
Netherlands: .881
Australia: .879
Taiwan: .846
First 20 Countries: 59.134
Rest of the World: 16.854
World: 75.988 (now closer to 82,000)
World Annual: 28,460
As the above figures demonstrate, the USA consumption is almost equal to the next 5. When the USA scales down their purchasing because of maintenance programs which temporarily shut down refineries, such as before and after winters or for other reasons, this has a dramatic effect on the oil producing nations which now will artificially make up the difference by boosting the price until the USA comes back on line.
The standards %26amp; pricing are set by OPEC Nations.which are:
Member countries of OPEC (Organization of Petroleum Exporting Countries).
Algeria
Indonesia
Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
What few people in the USA realize is that our #1 supplier of crude oil is Canada followed by Saudi Arabia. Canada's oil helps to keep the OPEC countries from really cleaning our clocks.........
The following exhibits in pictorial form where we now stand and the direction in which we are headed as respects use of oil:
http://www.eia.doe.gov/oiaf/ieo/images/f鈥?/a>
Thus the ebb and flow of supply %26amp; demand is influenced very quickly on the world market whenever we decrease our capacity to receive oil because of cutbacks on refining capacities.
Oil: a 400,000 barrel per day (b/d) fall in OECD oil consumption, the biggest decline from that grouping for more than 20 years, underlines the impact of rising oil prices. Prices peaked at more than $78 a barrel in August as the average price of dated Brent increased by nearly one fifth to $65.14 a barrel in 2006. The OECD fall was the main factor behind the weakest global growth rate for oil since 2001, at 0.7 per cent or half the average for the past decade.
Overall global production was up some 0.4 per cent to 81.7 million b/d. Faced with weak demand, Opec cut production late in 2006 for the first time in nearly two years. For the year as a whole, Opec increased its production by an average 130,000 b/d to 34.2 million b/d.
Political considerations within the USA effecting conservation have dramatically had an impact on developing new refineries which are increasingly unpopular.
I do not interject any concepts of oil company conspiracies against the public as some may wish to believe, including some of our politicians who are inherently anti-corporate. These trends have been around for many years, long before George Bush and Dick Cheney, they were prevalent during the Carter Administration and his successor, Ronald Reagan.
I hope this sheds some light on the subject.
Simply the oil companies have banded together ( im guessing ) and they decided to milk the people for everything they got. They used Katrina as the perfect chance to raise by $1 - $2 per. gallon for a bit.
We have plenty of supply but its moreover of them shipping it out to us and everyone else, the refining is fine. In fast the only most ';refined'; is California due to all the additives ours costs more because it gives us more mileage and its better for the engines.
The news services are using ';refinery capacity'; as an answer for rising crude prices. You are correct in your assumption that limited refinery capacity would affect prices at the pump, but not crude prices.
One of the main causes of the increases in crude prices is basically demand. China and India (which have 1/3 of the world's population) are coming online as major energy consumers. These countries are experiencing booming economies and new wealth and their citizenry are demanding all the goods that the west has enjoyed for so long - and this takes energy, thus crude demand is going up.
The second major reason (the one the media won't touch) is the falling US dollar. Since 2002, the dollar has fallen some 34% in value against the major world currencies (about 65% against the Euro). As the dollar devalues, crude prices are going to go up.
Now, people will say ';Hey, crude sales are denominated in dollars, thus there is no foreign exchange and a depreciating dollar is irrelevent';. That's where they make they mistake. Yes, the majority of crude sales are dollar denominated and there is no foreign exchange on the front end, but there is on the back end. Let me give you an example:
Let's go back in time to 2002 when the EUR/USD exchange rate was 0.84, meaning that 1 Euro was worth $0.84. Now, let's say the U.S. purchases $500 million in crude from Saudi Arabia. Well, the middle east is not an agricultural mecca, they have to import their food - and they import their food from Europe. So, let's say Saudi Arabia buys 500 million Euro in food. With the exchange rate at 0.84, that means that the food would be $420 million - thus Saudi Arabia still has $80 million left. Fast forward to today with the exchange rate at 1.38. If we bought $500 million in crude from Saudi Arabia and then they turn around and buy 500 million Euro in food, that works out to $690 million. Thus as the Dollar is losing value, oil exporting countries have to raise their rates to compensate for the declining dollar as they exchange dollars for Euro's, Pounds, etc., for their purchases.
The one poster that said the Canada is our primary source for crude purchases is correct, but the greenback (US Dollar) has fallen 35% against the loonie (Canadian dollar) since 2002. As Canada will have to convert their USD reserves to whatever currency the country they purchase their imports from, they'll lose money, thus they'd have to raise the rates of their crude oil sales.
One thing you must remember, the media is going to give you some reason for the price rise, but not the truth. The gov't and media don't want you to know about how badly the dollar is depreciating. You are one of the few people using your noodle.Why does refining capacity in the United States affect world crude oil prices?
Any explanation that leaves out OPEC price fixing and MiddleEast OIL politics is incomplete and inadequate! Report Abuse
might the job is risky %26amp; expensive
United States companies own most of the refineries. US is the major market for crude oil. Even the Saudi's don't own a refinery.
This is not an easy question to answer and I will have to rely on some statistics that are a few years old to explain some of the reasons. Though these are a few years old, the relative standards remain the same and they relate to the oil consumptions of the top 20 purchasers of oil:
United States: 19.993 (4 times more than the 2nd largest consumer)
Japan: 5.423
China: 4.854
Germany: 2.814
Russia: 2.531
South Korea: 2.126
Brazil: 2.123
Canada: 2.048
France: 2.040
India: 2.011
Mexico: 1.932
Italy: 1.881
United Kingdom: 1.699
Spain: 1.465
SaudiArabia: 1.415
Iran: 1.109
Indonesia: 1.063
Netherlands: .881
Australia: .879
Taiwan: .846
First 20 Countries: 59.134
Rest of the World: 16.854
World: 75.988 (now closer to 82,000)
World Annual: 28,460
As the above figures demonstrate, the USA consumption is almost equal to the next 5. When the USA scales down their purchasing because of maintenance programs which temporarily shut down refineries, such as before and after winters or for other reasons, this has a dramatic effect on the oil producing nations which now will artificially make up the difference by boosting the price until the USA comes back on line.
The standards %26amp; pricing are set by OPEC Nations.which are:
Member countries of OPEC (Organization of Petroleum Exporting Countries).
Algeria
Indonesia
Iran
Iraq
Kuwait
Libya
Nigeria
Qatar
Saudi Arabia
United Arab Emirates
Venezuela
What few people in the USA realize is that our #1 supplier of crude oil is Canada followed by Saudi Arabia. Canada's oil helps to keep the OPEC countries from really cleaning our clocks.........
The following exhibits in pictorial form where we now stand and the direction in which we are headed as respects use of oil:
http://www.eia.doe.gov/oiaf/ieo/images/f鈥?/a>
Thus the ebb and flow of supply %26amp; demand is influenced very quickly on the world market whenever we decrease our capacity to receive oil because of cutbacks on refining capacities.
Oil: a 400,000 barrel per day (b/d) fall in OECD oil consumption, the biggest decline from that grouping for more than 20 years, underlines the impact of rising oil prices. Prices peaked at more than $78 a barrel in August as the average price of dated Brent increased by nearly one fifth to $65.14 a barrel in 2006. The OECD fall was the main factor behind the weakest global growth rate for oil since 2001, at 0.7 per cent or half the average for the past decade.
Overall global production was up some 0.4 per cent to 81.7 million b/d. Faced with weak demand, Opec cut production late in 2006 for the first time in nearly two years. For the year as a whole, Opec increased its production by an average 130,000 b/d to 34.2 million b/d.
Political considerations within the USA effecting conservation have dramatically had an impact on developing new refineries which are increasingly unpopular.
I do not interject any concepts of oil company conspiracies against the public as some may wish to believe, including some of our politicians who are inherently anti-corporate. These trends have been around for many years, long before George Bush and Dick Cheney, they were prevalent during the Carter Administration and his successor, Ronald Reagan.
I hope this sheds some light on the subject.
Simply the oil companies have banded together ( im guessing ) and they decided to milk the people for everything they got. They used Katrina as the perfect chance to raise by $1 - $2 per. gallon for a bit.
We have plenty of supply but its moreover of them shipping it out to us and everyone else, the refining is fine. In fast the only most ';refined'; is California due to all the additives ours costs more because it gives us more mileage and its better for the engines.
What dicovery made Texas the leading producer of oil in the united states?
I need it for homeworkWhat dicovery made Texas the leading producer of oil in the united states?
The popular answer will be ';Spindletop'; (Lucas #1) and, although Texas lagged behind PA for several more years, this was the well that brought the wildcatters to TX and caused the industry heart to shift.
Re: discoveries v. production: Corsicana was really the first big producing field in eastern Texas.windows web server
The popular answer will be ';Spindletop'; (Lucas #1) and, although Texas lagged behind PA for several more years, this was the well that brought the wildcatters to TX and caused the industry heart to shift.
Re: discoveries v. production: Corsicana was really the first big producing field in eastern Texas.
Where can I get Albos Oil In the states ?
Can anyone direct me where to get albos oil in the USA
ThanksWhere can I get Albos Oil In the states ?
I have searched and come up with references to albos and albus and albas as well as olbas oil . But probably the best thing for you to do is go along to your local pharmacist and ask him.
ThanksWhere can I get Albos Oil In the states ?
I have searched and come up with references to albos and albus and albas as well as olbas oil . But probably the best thing for you to do is go along to your local pharmacist and ask him.
How many barels of oil does the United States use per day?
As per ASK.com the US uses roughly 25 million barrels of oil a day.
Why does the United States consume so much oil in relation to other nations?
The United States accounts for approximately 1/4th of the world's oil consumption. Why do we consume so much more than any other nation in the world?Why does the United States consume so much oil in relation to other nations?
Cheap fuel started it out. When gas went to $4 a gallon consumption dropped by almost 4%.
But here lies are main problems:
Are average vehicle weight is more than 800 lbs heavier than the average european weight and a 1000 lbs over asian. Every 100 lbs of weight in a car decreases fuel mileage by 3%.
We prefer SUV, Vans, Trucks, for everyday driving. Not only are they heavy but they are aerodynamically terrible compared to most cars. Fuel mileage gets horrible at freeway speed because of fuel just to fight air resistance.
We move 90% of our freight by truck and 10% by rail. Trucks (new ones) get about 7 miles per gallon. Trains to move the weight of equivalent freight get about 400 miles per gallon. Europeans move much more freight by trains than us. Asians use smaller trucks, but they also don't buy as much as we do so trucks don't carry as much.
Our roads are very unfriendly to bicycles and motorcycles. Ever see a typical street in China, India, Indonesia? Better than 80 % of the traffic is bicycles and mopeds and 3 wheel trucks. We have taken the berms from most roads, won't let bikes on sidewalks and at every step have discouraged these primary movers.
We light, heat, and air condition are buildings to far higher intensities than any other nation in the world. Walk into any modern building which is usually lots of glass (which is highly energy inefficient). Even if you walk in the bathrooms, there is generally 10-15 fixtures including over the stalls. This light does what? I've gone into classrooms burning 4000 watts of lights in one classroom, even with no one there and sometimes all night long.
We put a red light over every lane of traffic at every intersection, with a minimum of 2 lights for one lane. At a four way intersection this is eight lights. Multiply that times every intersection in the country. That's a lot of wasted power and oil that could be solved with one red light mounted in the middle with lights on each side of it.
Excessive street lighting. Excessive air conditioning. No clothes lines hardly, using hot water to wash clothes with.Gorocery stores that have open coolers for refrigerated products. Excessive glass used in construction instead of insulated panels. No conservation by factories, government, schools, or industry of shutting down utilities, room by room and during off use period. (An empty building at 50 degrees in winter will have no complainers.
The answer in a nutshell, is we got spoiled by cheap energy, and last summer , our pusher upped our price real easy. We cut back a little
but most people don't know how to save and don't want to. They also equate small cars with danger, because they've seen crashes of SUV's into Smart cars. You can't get around physics that's true, but most wrecks are people hitting stationary objects, not head on. And in those collisions, weight doesn't help you at all.
And to be fair in those tests with SUV's running into small cars, they should of run SUV's into Semi-trucks, because in that scenario weight wins also. You can always find someone with a heavier vehicle, bad race to be in from a safety standpoint.
Other countries use less oil because they either don't have the industry to use the oil, or the money to buy vehicles or the price of their fuel has been high long enough that conservation sunk into them long ago.
Speaking of GDP --the world GDP is $69.49 trillion. United States GDP is $14.29 trillion. So we are about 1/5 th the GDP of the world if you want to believe the heavily slanted CIA.GOV website. And also according to the same website, the world produces 85.54 million bbl/day of oil , which United States consumes 20.68 million., which means we consume 24.2% of the worlds oil.
There is 6,790,062,216 people in the world and 307,212,123 Americans. That means we are 4.5% of the world's population but consume 24.2% of the oil. We definitely could do better with easy conservation and getting our vehicle weight down a lot and utilizing trains a lot more and making buildings utilize same efficiency standards we require of new homesWhy does the United States consume so much oil in relation to other nations?
Some of the above answers get at the correct answer. Most basically it is because the U.S. also represents 1/4th of the entire world economy, which is only possible because we consume energy commensurately.
And both of those facts are true because the U.S. has by far the greatest population among *developed* nations. Aside from China, the U.S. has from 2.5 to 10 times more population than any of the other top-10 leading economies, so of course we use more oil. Only China and India have larger populations than the U.S., and both are far behind the U.S. in economic development. However it is extremely likely that China's oil consumption will surpass that of the U.S. at some point in coming decades.
Further, the U.S. uses more oil on a per-capita basis largely as a circumstance of our large landmass and sparse population density. That means people often live far away from where they work and shop, and so do lots more driving than is the custom in most other countries. Also with a relatively low population density, mass transit is not very economically feasible in most of the U.S., whereas it is common in Europe, Japan, and Chinese cities. (Even after another century of population growth, the U.S. population density in 2100 will be less than Europe's is TODAY.)
Darth hits some other good points above.
USA: Hummer, Range Rover, Land Rover, 18 Wheelers
Asia: Bicycles, motor bikes, Toyota's
Canada: perma frost
europe: public transport, trains
oh and all that energy consumption, having 5 PC's 3 TV's and 2 Xbox's going at the same time with all the lights on. and using a clothes dryer in the summer while your AC is on...
B/c US is larger than any other developed country, both in terms of population and land area.
Per-capita consumption of oil is higher than Europe b/c of larger cars, longer commutes, and more extreme climate that requires both air conditioning and heating.
Because industrially, we are about half a century ahead of most developing countries. But they are catching up quickly. We will very soon be surpassed by countries that have greater populations than us.
Because we produce about 1/4 of the world's GDP.
We're more ';advanced';.
Because we can.
we travel all the time
Cheap fuel started it out. When gas went to $4 a gallon consumption dropped by almost 4%.
But here lies are main problems:
Are average vehicle weight is more than 800 lbs heavier than the average european weight and a 1000 lbs over asian. Every 100 lbs of weight in a car decreases fuel mileage by 3%.
We prefer SUV, Vans, Trucks, for everyday driving. Not only are they heavy but they are aerodynamically terrible compared to most cars. Fuel mileage gets horrible at freeway speed because of fuel just to fight air resistance.
We move 90% of our freight by truck and 10% by rail. Trucks (new ones) get about 7 miles per gallon. Trains to move the weight of equivalent freight get about 400 miles per gallon. Europeans move much more freight by trains than us. Asians use smaller trucks, but they also don't buy as much as we do so trucks don't carry as much.
Our roads are very unfriendly to bicycles and motorcycles. Ever see a typical street in China, India, Indonesia? Better than 80 % of the traffic is bicycles and mopeds and 3 wheel trucks. We have taken the berms from most roads, won't let bikes on sidewalks and at every step have discouraged these primary movers.
We light, heat, and air condition are buildings to far higher intensities than any other nation in the world. Walk into any modern building which is usually lots of glass (which is highly energy inefficient). Even if you walk in the bathrooms, there is generally 10-15 fixtures including over the stalls. This light does what? I've gone into classrooms burning 4000 watts of lights in one classroom, even with no one there and sometimes all night long.
We put a red light over every lane of traffic at every intersection, with a minimum of 2 lights for one lane. At a four way intersection this is eight lights. Multiply that times every intersection in the country. That's a lot of wasted power and oil that could be solved with one red light mounted in the middle with lights on each side of it.
Excessive street lighting. Excessive air conditioning. No clothes lines hardly, using hot water to wash clothes with.Gorocery stores that have open coolers for refrigerated products. Excessive glass used in construction instead of insulated panels. No conservation by factories, government, schools, or industry of shutting down utilities, room by room and during off use period. (An empty building at 50 degrees in winter will have no complainers.
The answer in a nutshell, is we got spoiled by cheap energy, and last summer , our pusher upped our price real easy. We cut back a little
but most people don't know how to save and don't want to. They also equate small cars with danger, because they've seen crashes of SUV's into Smart cars. You can't get around physics that's true, but most wrecks are people hitting stationary objects, not head on. And in those collisions, weight doesn't help you at all.
And to be fair in those tests with SUV's running into small cars, they should of run SUV's into Semi-trucks, because in that scenario weight wins also. You can always find someone with a heavier vehicle, bad race to be in from a safety standpoint.
Other countries use less oil because they either don't have the industry to use the oil, or the money to buy vehicles or the price of their fuel has been high long enough that conservation sunk into them long ago.
Speaking of GDP --the world GDP is $69.49 trillion. United States GDP is $14.29 trillion. So we are about 1/5 th the GDP of the world if you want to believe the heavily slanted CIA.GOV website. And also according to the same website, the world produces 85.54 million bbl/day of oil , which United States consumes 20.68 million., which means we consume 24.2% of the worlds oil.
There is 6,790,062,216 people in the world and 307,212,123 Americans. That means we are 4.5% of the world's population but consume 24.2% of the oil. We definitely could do better with easy conservation and getting our vehicle weight down a lot and utilizing trains a lot more and making buildings utilize same efficiency standards we require of new homesWhy does the United States consume so much oil in relation to other nations?
Some of the above answers get at the correct answer. Most basically it is because the U.S. also represents 1/4th of the entire world economy, which is only possible because we consume energy commensurately.
And both of those facts are true because the U.S. has by far the greatest population among *developed* nations. Aside from China, the U.S. has from 2.5 to 10 times more population than any of the other top-10 leading economies, so of course we use more oil. Only China and India have larger populations than the U.S., and both are far behind the U.S. in economic development. However it is extremely likely that China's oil consumption will surpass that of the U.S. at some point in coming decades.
Further, the U.S. uses more oil on a per-capita basis largely as a circumstance of our large landmass and sparse population density. That means people often live far away from where they work and shop, and so do lots more driving than is the custom in most other countries. Also with a relatively low population density, mass transit is not very economically feasible in most of the U.S., whereas it is common in Europe, Japan, and Chinese cities. (Even after another century of population growth, the U.S. population density in 2100 will be less than Europe's is TODAY.)
Darth hits some other good points above.
USA: Hummer, Range Rover, Land Rover, 18 Wheelers
Asia: Bicycles, motor bikes, Toyota's
Canada: perma frost
europe: public transport, trains
oh and all that energy consumption, having 5 PC's 3 TV's and 2 Xbox's going at the same time with all the lights on. and using a clothes dryer in the summer while your AC is on...
B/c US is larger than any other developed country, both in terms of population and land area.
Per-capita consumption of oil is higher than Europe b/c of larger cars, longer commutes, and more extreme climate that requires both air conditioning and heating.
Because industrially, we are about half a century ahead of most developing countries. But they are catching up quickly. We will very soon be surpassed by countries that have greater populations than us.
Because we produce about 1/4 of the world's GDP.
We're more ';advanced';.
Because we can.
we travel all the time
Subscribe to:
Posts (Atom)