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'OPEC obsolete' if Keystone pipeline OK'd: Pickens
CNBC ^
| http://www.cnbc.com/id/101098969
| Matthew J. Belvedere
Posted on 10/10/2013 5:53:26 AM PDT by thackney
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To: dynoman
What are boutique blends
The multitude of different gasoline requirements. Multiply those shown here by 2 for winter blend, then add in the varying octane requirements at different state.
21
posted on
10/10/2013 6:39:09 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: SueRae
Outside the Middle East, the marginal cost of oil skyrockets, so do OPEC oil export revenues.
Bernstein Research estimated that the non-Opec marginal cost of oil production - the cost of production for the most expensive new fields - rose to $104.50 a barrel in 2012, up more than 250% from $30 a barrel in 2002.
Now, OPEC is earning $1 trillion per year versus around $200 billion per year between 1985 and 2002 (today's dollars).
To: Former Proud Canadian
If I can think of this, don't you think somebody in the Energy Department knows this? Doesn't Obama know this? If he knows it, why doesn't he implement it? Because Obama is owned by the Saudis. See my FR homepage for details.
23
posted on
10/10/2013 6:39:39 AM PDT
by
PapaBear3625
(You don't notice it's a police state until the police come for you.)
To: thackney; SueRae
google “Nixon and the petrodollar” and you may have an epiphany.
24
posted on
10/10/2013 6:40:26 AM PDT
by
RC one
To: Erik Latranyi
Whenever I drive through beautiful country and see a huge field of windmills, I think of Buffet. Then I think how much I hate him for encouraging those hideous things.
25
posted on
10/10/2013 6:40:31 AM PDT
by
Ditter
To: dynoman
What are boutique blends and why would their elimination lower energy prices? Because many states (like CA) have their own unique blend requirements, you can't just ship Arizona gas to California gas stations. The restrictions make gas more expensive.
26
posted on
10/10/2013 6:42:05 AM PDT
by
PapaBear3625
(You don't notice it's a police state until the police come for you.)
To: RC one
I take it you don’t have a intended action, just a catch phrase.
27
posted on
10/10/2013 6:45:25 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
What I have is an understanding of why things are the way they are and what would happen if they changed. Google it. Read a little bit. or don’t.
28
posted on
10/10/2013 6:55:37 AM PDT
by
RC one
To: thackney
I wonder if Aviation 100ll is a boutique blend, I’ve seen it referred to that way, racing gasoline too.
29
posted on
10/10/2013 7:13:06 AM PDT
by
dynoman
(Objectivity is the essence of intelligence. - Marylin vos Savant)
To: RC one
I have read on the topic for years. Since my career and providing for my family has been dependent on the petro-industry, I’m more than a little interested.
You posted it on the thread. What actual actions do you thinks would be good to take?
30
posted on
10/10/2013 7:17:12 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: dynoman
wonder if Aviation 100ll is a boutique blend Are you asking if Aviation Gasoline requirements change from location to location?
31
posted on
10/10/2013 7:18:33 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: All
32
posted on
10/10/2013 7:18:54 AM PDT
by
musicman
(Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
To: Former Proud Canadian
3. End "boutique blend" gasoline grades.Don't take away my sport ute's fave blend: the ethanol free grade at the Conoco.
To: thackney
No, I’ve seen aviation and racing gasoline referred to as a “boutique” blends. If we “get rid of” boutique blends would it include aviation and racing gasoline?
34
posted on
10/10/2013 7:26:57 AM PDT
by
dynoman
(Objectivity is the essence of intelligence. - Marylin vos Savant)
To: dynoman
Ive seen aviation and racing gasoline referred to as a boutique blends. If we get rid of boutique blends would it include aviation and racing gasoline? I do not see that happening in any case. Aviation Gasoline has stricter requirements and insurance liabilities associated with it not seen in automotive requirements.
he mogas debate
http://www.generalaviationnews.com/2013/09/the-mogas-debate/
Racing gasoline is done for people willing to pay for performance. Money drives its existence, not federal requirements.
35
posted on
10/10/2013 7:31:20 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
I think that if we were to stop being a customer of OPEC, we would have less influence over them and other nations would jump in to provide that missing influence, nations hostile to our interests. Before you know it,OPEC will be accepting rubles or yuan or euros for oil and then, the next thing you know, demand for the dollar will plummet which will result in a fiscal crisis unlike anything we have ever seen. Our way of life has evolved around the petrodollar arrangement. I’m pretty sure it’s in our interest to maintain that arrangement at any cost. all just my opinion of course.
36
posted on
10/10/2013 7:31:31 AM PDT
by
RC one
To: RC one
I think that if we were to stop being a customer of OPEC, we would have less influence over them and other nations would jump in to provide that missing influence, nations hostile to our interests. Before you know it,OPEC will be accepting rubles or yuan or euros for oil and then, the next thing you know, demand for the dollar will plummet which will result in a fiscal crisis unlike anything we have ever seen. Our way of life has evolved around the petrodollar arrangement. Im pretty sure its in our interest to maintain that arrangement at any cost. all just my opinion of course. So you believe it is in our best interest to limit domestic oil production and set a minimum OPEC purchase? I am still trying to convert your concern into an action. If you don't define an action, nothing happens but talk.
37
posted on
10/10/2013 7:33:56 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
I think we have to consider that the petrodollar arrangement has been very very good for America and that it would be very very bad for America if it were to suddenly end. We also need to consider that as our welfare/ warfare state grows around this whole arrangement, the severity of the consequences of it ending grow with it. I suspect that there are no lengths to which we will not go to to maintain the status quo- wars, revolutions, assassinations, etc. With all this in mind, I think it’s pretty obvious that we can’t allow anything to come between us and the Saudis so, yes, we need to keep them close and the best way to do that is to keep buying their oil, protecting their interests, and respectfully bowing to their kings.
38
posted on
10/10/2013 8:09:57 AM PDT
by
RC one
To: RC one
and the best way to do that is to keep buying their oil, protecting their interests, and respectfully bowing to their kings. So on the first step, do you limit domestic production?
The climbs in oil production in the US by technical development are not going to stop in the US. It just started here. Just like nearly always.
39
posted on
10/10/2013 8:27:19 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: RC one
You are overlooking the fact we would replace unstable opec oil with our own. We would need to produce enough to cover domestic use and have enough surplus to export. All of your dollar fears could be triggered over night by a stiff political wind in Saudi anyway.
40
posted on
10/10/2013 8:46:20 AM PDT
by
enduserindy
(A painted trash can is still a trash can.)
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