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Fracking: The Death Knell Of OPEC
Investor's Business Daily ^
| 5 June 2013
| Editorial
Posted on 06/06/2013 12:24:07 PM PDT by IBD editorial writer
click here to read article
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To: EEGator
Neither....just a “techo nerd” who reads a lot. Over the past few years, I’ve met some academics who know something about this subject. With luck, I’ll attend a Thorium conference as a fan of LFTR.
I’m with Palin’s philosophy on a “all of the above” energy strategy.
61
posted on
06/06/2013 7:36:38 PM PDT
by
ak267
(THORIUM....ENERGY OF THE FUTURE!!!!)
To: ak267
Well you sure seem to know a whole lot. As in way more than a casual interest. It’s cool you’re into budding technologies. Hopefully you make it to the conference. Thanks for spending the time to answer my questions.
62
posted on
06/06/2013 8:01:36 PM PDT
by
EEGator
To: Alex in chains
..... so why in the frack are gas prices so high????
This is sort of an
answer.
Just think of how gasoline gets to the pump. There are exploration costs, drilling, transportation to the refinery, refining and marketing, transportation of the finished product, pipeline costs, terminal costs, tanker transportation costs to the station and station profit. At every stage of production are regulations and taxes. On the finished product are State and Federal taxes.
Those are the simplified reasons with oil being the primary factor depending on grade and demand.
63
posted on
06/06/2013 9:00:17 PM PDT
by
PA Engineer
(Liberate America from the Occupation Media.)
To: wrench
The problem is, that besides Qatar and Saudi Arabia, the rest of OPEC budget their budgets based on $60 or more a barrel
64
posted on
06/06/2013 11:43:09 PM PDT
by
Cronos
(Latin presbuteros>Late Latin presbyter->Old English pruos->Middle Engl prest->priest)
To: Dusty Road
Thanks, Dusty.
Great info - I did not know Fracking was used in vertical drilling.
Until recently, I also did not know that primitive forms of Fracking date all the way back to the 1860’s and were used on water wells as often as oil wells.
Glad I don't have to drink THAT water!
To: PA Engineer
Sorry, but none of that provides answers as to why gas prices have jumped 45 cents in the last few weeks.
The retail price per gallon of gas, less Michigan taxes is approximately $2.40. The wholesale price is probably close to $1.50 per gallon. You can’t tell me that in the last three weeks that exploration costs, drilling, transportation/pipeline costs, etc have gone up by 33 percent.
To: Alex in chains
Sorry, but none of that provides answers as to why gas prices have jumped 45 cents in the last few weeks.
That would depend on what part of Michigan you live in. Do you have EPA mandated summer blend requirements for your region?
67
posted on
06/07/2013 8:21:42 AM PDT
by
PA Engineer
(Liberate America from the Occupation Media.)
To: Alex in chains
68
posted on
06/07/2013 9:19:34 AM PDT
by
listenhillary
(Courts, law enforcement, roads and national defense should be the extent of government)
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