Jordanian pilot burned alive by terrorist

[jeremy1375]

^ +1

Global oil market with OPEC in control makes all this possible. All of these terrorists get funded by oil money one way or the other. All of the oil producing middle eastern countries would be piss poor and irrelevant if it wasn't for oil.

Alternative energy is the answer. We just need an actual policy and goal to push for development sooner rather than later since there is no reason why capital markets would want to solve the problem.

[1ViciousGSX]

Originally Posted by jeremy1375

^ +1

Global oil market with OPEC in control makes all this possible. All of these terrorists get funded by oil money one way or the other. All of the oil producing middle eastern countries would be piss poor and irrelevant if it wasn't for oil.

Alternative energy is the answer. We just need an actual policy and goal to push for development sooner rather than later since there is no reason why capital markets would want to solve the problem.

We don't need OPEC. There's plenty of oil here at home. But your commander in chief keeps hindering the ability to get it. That's why every time we get closer to becoming energy independent the price of oil plummets just like it did recently. They need us more than we need them.

Can't have capital markets in an overly regulated government controlled economy. The government is picking winners and losers, and we're the losers.

[jeremy1375]

Saudi Arabia can produce oil for around $10 a barrel. U.S. shale operations costs to produce oil are around $50 and up per barrel. March crude futures are trading around $52.70 as I write this.

OPEC has the ability to put our operations out of business as we're seeing by their current policy. We saw their power in the '70's. Then when they cut production in 2008 by more than a million barrels a day. Now they leave the tap wide open and show that our operations can not compete if they do so.

Capitalism can not compete when the rest of the worlds oil is government controlled and cheaper to produce than ours.

[1ViciousGSX]

Shale is not the only place we can get oil. We have many oil reserves that are on lockdown.

Obviously Canada has enoough on tap to warrant having the Keystone pipeline go right through the middle of our country to feed oil tankers in the Gulf of Mexico for export to other countries, if it ever gets approved by our liar in cheif.

[jeremy1375]

Middle Eastern countries can do it cheaper than us. Our easy oil is gone.



Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.68 $31.38
Off-shore $10.09 $41.51 $51.60

All Other Countries – Average $9.95 $15.13 $25.08
Canada $12.69 $12.07 $24.76
Africa $10.31 $35.01 $45.32
Middle East $9.89 $6.99 $16.88
Central & South America $6.21 $20.43 $26.64

http://www.eia.gov/tools/faqs/faq.cfm?id=367&t=6

"Canadian oil sands — slated to be a top consumer of the pipeline — will need oil prices to stay between $65 and $75 a barrel to make production there economically feasible."

http://www.usatoday.com/story/money/...ject/18994601/

[1ViciousGSX]

Originally Posted by jeremy1375

Middle Eastern countries can do it cheaper than us. Our easy oil is gone.



Lifting Costs Finding Costs Total Upstream Costs
United States – Average $12.18 $21.58 $33.76
On-shore $12.73 $18.68 $31.38
Off-shore $10.09 $41.51 $51.60

All Other Countries – Average $9.95 $15.13 $25.08
Canada $12.69 $12.07 $24.76
Africa $10.31 $35.01 $45.32
Middle East $9.89 $6.99 $16.88
Central & South America $6.21 $20.43 $26.64

http://www.eia.gov/tools/faqs/faq.cfm?id=367&t=6

Natural gas is mixed into that equation, so it's hard to tell what the true cost of the oil is.

[jeremy1375]

How about this data. Our reserves are deep water and arctic. The prices for our methods begin past the high end of middle eastern country costs.


Oilfields Estimated Production
/source Costs ($ 2008)
Mideast/N.Africa oilfields 6 - 28
Other conventional oilfields 6 - 39
CO2 enhanced oil recovery 30 - 80
Deep/ultra-deep-water oilfields 32 - 65
Enhanced oil recovery 32 - 82
Arctic oilfields 32 - 100
Heavy oil/bitumen 32 - 68
Oil shales 52 - 113
Gas to liquids 38 - 113
Coal to liquids 60 - 113

Source: International Energy Agency World Energy Outlook 2008

http://www.reuters.com/article/2009/...12407420090728

[Kracka]

Quoting something from nearly a decade ago is basically pointless.

[jeremy1375]

Originally Posted by Kracka

Quoting something from nearly a decade ago is basically pointless.

Our drilling has become more technically challenging, while the middle east's hasn't. What paradigm shift has occurred to indicate that the point I'm making is dated by that data?

[Goat Blower]

Originally Posted by jeremy1375

Our drilling has become more technically challenging, while the middle east's hasn't. What paradigm shift has occurred to indicate that the point I'm making is dated by that data?

Open up ANWR and those problems all go away.

[jeremy1375]

Originally Posted by Goat Blower

Open up ANWR and those problems all go away.

The middle east wins in all oil scenarios.

[1ViciousGSX]

Originally Posted by Goat Blower

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

Other than cars, we should have made huge moves to solar a decade ago,.. but its hard to tax and regulate the Sun, and there lies the problem.
"If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."-Milton Friedman

Originally Posted by Goat Blower

Open up ANWR and those problems all go away.

Yep.

And this.
http://thehill.com/policy/energy-env...rilling-rights
I like how the government auctions off something that doesn't belong to the government. Open it up and watch oil prices go down rapidly.

[Goat Blower]

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

[jeremy1375]

Originally Posted by Goat Blower

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

Alternative energy loses steam when oil gets cheap. There is no infrastructure for it at this point. Solar and wind during the day converted and stored as hydrogen would be one way to work toward solving the issue. Getting people on board is the hard part when alternative energy can't compete with cheap oil.

[tpunx99GSX]

Originally Posted by Goat Blower

Alternative energy is a joke, as witnessed by Solyndra and other companies our government have poured billions into and then closed their doors. If something is economically feasible, it should be self-suffiicient, not dependent on constant taxpayer funding. Oil and nuclear are the answer, lift the stupid regulations on them trying to make silly ideas like solar and wind feasible. Both have some merit, but only in certain locations and situations.

Didnt realize this was the Fox News Forums.
Just because a company that was funded by the government went under is not the only case against Alt Energy. Alternative energy needs to be developed. As a country we need to develop alternative energy as we are slaves to the oil industry. Oil and Nuclear are NOT the answer. Oil is a Non Renewable resource there is a finite supply. The sun is not going out, and Wind is not going to stop, we harness these RENEWABLE resources and we win as a society and a country and not to mention Earth. Its thoughts like yours that are whats wrong with our energy policy. I would rather my tax dollars go towards Alt Energy than Oil Subsidies.

[polishmafia]

Originally Posted by tpunx99GSX

The sun is not going out

Incorrect. In 5 billions years, the sun expand and will engulf Mercury, Venus, and Earth. Then it will go supernova.

Who knows what will happen to Uranus!

[tpunx99GSX]

Originally Posted by polishmafia

Incorrect. In 5 billions years, the sun expand and will engulf Mercury, Venus, and Earth. Then it will go supernova.

Who knows what will happen to Uranus!

Touche. But we will already be moved to a new solar system.

[1ViciousGSX]

Originally Posted by tpunx99GSX

Didnt realize this was the Fox News Forums.
Just because a company that was funded by the government went under is not the only case against Alt Energy. Alternative energy needs to be developed. As a country we need to develop alternative energy as we are slaves to the oil industry. Oil and Nuclear are NOT the answer. Oil is a Non Renewable resource there is a finite supply. The sun is not going out, and Wind is not going to stop, we harness these RENEWABLE resources and we win as a society and a country and not to mention Earth. Its thoughts like yours that are whats wrong with our energy policy. I would rather my tax dollars go towards Alt Energy than Oil Subsidies.

The private market will take care of it and do a better job when the government stops picking winners and losers. Oh, and follow the money,.....

BTW, I'm all for solar, wind and hydro electric power,......... But we are a long way away from producing energy that comes close what fossil fuels can. Fossil fuels still have the highest energy output per volume used.

[tpunx99GSX]

Originally Posted by 1ViciousGSX

The private market will take care of it and do a better job when the government stops picking winners and losers. Oh, and follow the money,.....

BTW, I'm all for solar, wind and hydro electric power,......... But we are a long way away from producing energy that comes close what fossil fuels can. Fossil fuels still have the highest energy output per volume used.

We are a good deal away, but i think is closer than you think. Are we going to eliminate fossil fuels anytime soon. No. But the demand will continue to decrease as cars get more efficient and more geared towards EVs. The more electric vehicles we get, the more viable Solar and wind becomes. Solar panels main challenge is getting the output of the panels more efficient. But they have been increasing more and more every year. (I used to work for a company called Polytec which creates laser vibrometers (laser system that measures vibrations to a picometer) and they were essential in aiding the efficiency of solar panels among other things)

[Halon]

Originally Posted by tpunx99GSX

Didnt realize this was the Fox News Forums.
Just because a company that was funded by the government went under is not the only case against Alt Energy. Alternative energy needs to be developed. As a country we need to develop alternative energy as we are slaves to the oil industry. Oil and Nuclear are NOT the answer. Oil is a Non Renewable resource there is a finite supply. The sun is not going out, and Wind is not going to stop, we harness these RENEWABLE resources and we win as a society and a country and not to mention Earth. Its thoughts like yours that are whats wrong with our energy policy. I would rather my tax dollars go towards Alt Energy than Oil Subsidies.

I personally don't think any one energy solution is the answer. A broad portfolio that consists of several different forms is the answer in my opinion. Too much dependence on any form of energy production makes you a slave to that industry.

Solar and wind are great, I'm all for them. I think they have a roll to play in our energy portfolio, but so does fossil and nuclear and other misc forms of energy production as well. Fossil and nuclear (and some renewable's like Hydro) provide reliable and consistent base load to the grid, something wind and solar do not being that they are more susceptible to changing climates.