Posted on 05/27/2010 4:10:30 PM PDT by Kaslin
Good point.
Sasol is marketing coal to oil plants in China and Indonesia. They’ve got 40 years experience running these things.
At least he’s not killing sick people on House anymore.
A barrel of oil is 42 gallons. That's because it was originally shipped in whiskey barrels.
Read this and report back to me by 10PM...
That doesn't mean the bad tenant can't be sent to prison, or sued, or bodily violated, or whatever, but you, as a landlord cannot escape your primary resposibility.
We would hope that you carried suitable insurance eh!
The oil lease already makes the tenant ~ the oil company ~ liable, but it does not release the US Government from any of its responsibilities.
This is why you want to buy title insurance when you purchase real estate.
You are relieved of your responsibility for whatever happens to your neighbors as the coal miner pulls it out of the ground, but HE is not relived of that responsibility even if he rents out the mining operation.
Texas University has Eureka moment - coal to gas
"The Texas researchers, who worked on the project for about 18 months, expect the cost to drop further. "We're improving the cost every day. We started off some time ago at an uneconomical $17,000 a barrel. Today, we're at ... $28.84 a barrel," Rick Billo, UTA's dean of engineering, told an Austin television reporter.
Texas lignite coal sells for $18 a tonne. The coal conversion technology uses one tonne of coal to produce 1.5 barrels of crude oil. One barrel of crude produces 42 U.S. gallons of gasoline. In other words, $18 worth of coal yields 63 gallons of gasoline: 0.28 cents a gallon."
Correction noted in post #28.
i certainly believe that there is sufficient technology now to bring the cost of all energy usage down to pennies for the consumer. Ain’t never going to happen without a dramatic shakeup in our Government.
They are the worst example of a poorly run mega corp. that I can think of. Few rival their incompetence.
They have achieved enough wealth that they can get almost anything declared out of bounds for drilling and then get their left wing lawyers, who will do anything for a buck, to back them up forever. They have all but destroyed the country.
If we don’t drill for it then neighboring countries including Cuba certainly will. They can suck our border reserves dry with straws from their side.
“....and pay off armies of faceless bureaucrats....”
Right there you hit on the answer. I’ve been trying to get that point across for a long time.
Presidents, Vice Presidents, Senators, and Congress persons, and all their advisors come, and go, but Bureaucrats are forever, and they are the backbone of the government. It is they that play the games, manipulate the temporary elected newbies, and force the direction this country goes.
Those with designs against this Nation have learned who is really the guiding force in our government as the people, the American citizens whom are allegedly in charge are sleeping on the job, too busy with their personal lives to pay attention to government, so while they sleep the players play.
Terms of the offshore leases include responsibility for the spills.
This is so true.
Nobody signs a lease with unlimited liability ~
The limits are for economic damage.
They have full responsibility for cost of clean up.
They limits are only applied to paying people who sue for things like loss of fishing or other business.
“Existing law holds companies accountable for all the costs associated with cleaning up oil spills and up to $75 million in economic damages, though even that liability limit does not apply in instances of gross negligence, willful misconduct, or violation of applicable federal regulations,” said Gerard. Injured parties can also pursue damages in state courts, which are not limited by the federal liability cap, he added.
API: $10 billion liability limit would push independents from gulf
http://www.ogj.com/index/article-display/1360009641/articles/oil-gas-journal/general-interest-2/2010/05/api_-_10_billion_liability.html
May 14, 2010
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