Posted on 10/29/2014 4:57:19 AM PDT by thackney
If we had a working Congress and a new President - an actual American Conservative... then Laws could be passed making it a national requirement to become as energy independent as possible... a super strong effort from top to bottom to use CNG/LNG as automotive fuel... as made from natural gas - the main product of fracking... And to make it a national emergency to allow fracking in every state that had such reserves... with penalties of withholding federal funds for not participating ... In a few short years America would be dictating International Energy Prices... by sheer volume... Take note in many Asia Countries today every other vehicle is CNG/LNG and the rest are diesel - which can run on CNG/LNG with the correct alternate fuel metering system for dual fuel... Run nearly all domestic vehicles on natural gas based fuels and the U.S. nearly bankrupts the Mid East and other nasty opponents. And amazing enough it can be done with real protectionist energy policies and proper use of technology in use today ... nothing new needs to be invented. ITS THE POLICY - STUPID!!!
What we do not need, is more government laws and interference in the industry.
We need the government to quit putting up roadblocks and unreasonable regulations. We don't need their "help", we need them to get out of the way.
The most terrifying words in the English language are: I’m from the government and I’m here to help.
- Ronald Reagan
in many Asia Countries today every other vehicle is CNG/LNG and the rest are diesel
- - - -
What Asian Countries are fueled by 50% Natural Gas?
Fischer Tropsch: If America is truly the “Saudi Arabia of Coal” then this is a great way to produce diesel. If jus
I might be convince of going along with your proposal, but we all know that neither of the items you listed would get anything more than token funding.
A government that can do FOR you can do TO you in equal measure.
It’s not the government’s business to take sides in what kind of vehicle I buy. Or make, for that matter. By conceding government action here, you concede to let government direct the hand of the market.
The free market is only free if it’s free from interference.
No. Your ideas might be rationale, but your plan of implementation by government force and decree not only negates any positive, it turns your idea into a net negative. Not just a negative, it would be a disaster.
I remember hearing a while back that Raytheon was developing technology to extract oil shale at a much cheaper cost. What’s the per barrel extraction costs these days?
There are Democrat Controlled states that are blocking fracking — do you want energy independence or tolerance for liberal - greenie Democrats ... Can’t have both ...
Juvenile minds have to let go of resistance to states banning such things as fracking ... nothing of this sort would have been allowed in WWII ... a National Priority — become totally energy independent and then DICTATE to Mid East Islamic countries — it is PRAGMATIC not nicey nicey
When the current government is blocking free enterprise in oil exploration ...then it becomes a new government to unblock it or everything remains the same as it is now...
As new President in 2016 would you allow a STATE to block the Keystone Pipeline and preserve the blockage of plentiful oil to refineries in Texas and Louisianan? You would ... Okay then we can call you obama junior...
One state cannot be allowed to cripple an national energy economy — Purists on energy policy will kill America and that is what we have now
I support the tenth amendment to our constitution, personal insults aside. I do not support the Federal Government taking any power they think they need.
Coal should be unleashed in America ... striving at ever level to keep it clean as possible ....
But for you purists -— if one state like WVA or Kentucky would fall into the hands of Liberal Democrats and you are the Majority leader in the House or the Senate or the President are you going to let ONE Democrat State Block the use of clean coal to help insure energy independence ? You are - are you ... then change your name to Obama.
If there is an economical way to produce diesel or a diesel compatible fuel - would you as a states rights purist going to allow ONE state to block it ... then rename your child to obama jr.
Don’t confuse oil shale, with shale oil.
I know, lousy names for the difference.
Oil shale is a solid. The petroleum, kerogen, has to be be cooked or retorted from it. It is then processed to be a synthetic crude. We do not have commercial production of oil shale in the US.
Shale oil, or crude oil from a shale play like the Bakken, Eagle Ford, etc is what is fueling our growth in oil production. Prices vary with fields. Prices vary from well to well within a field. There are sweet spots and marginal locations.
All that said:
Bernstein Research said this week that about a third of U.S. shale production would be uneconomical if oil prices were to fall to $80 per barrel.
MORNINGSTAR INC Our analysis suggests that the average breakeven for our E&P coverage is $70 per barrel
ROBERT W. BAIRD EQUITY RESEARCH
“We estimate $73 as the weighted average breakeven point for U.S. supply.”
Eagle Ford Liquids Rich $53
Wolfcamp North Midland $57
Bakken Core $61
Niobrara Extension $64
Eagle Ford Oil $65
Niobrara Core $68
Wolfcamp South Midland $75
Bakken Non Core $75
Texas Panhandle $81
Mississippi Lime $84
Barnett Combo $93
Several more at:
http://www.reuters.com/article/2014/10/23/idUSL3N0SH5N220141023
I should have added, don’t take these numbers as solid facts, but rather educated guesses by investment analysts.
For example, from that same link.
UBS INVESTMENT RESEARCH
EAGLE FORD $43.34
GOLDMAN SACHS
EAGLE FORD $80-$90
I would argue that local production has more staying power in the market then overseas due to logistical charges.
They may be able to offset with volume, but I think we may have gotten to the point now that we have enough of our own production to greatly reduce if not prevent the potential of them using this against us.
Cost of moving oil last year from Iraq to the US was $3.42/barrel.
F.O.B. Costs of Imported Crude Oil for Selected Crude Streams
http://www.eia.gov/dnav/pet/pet_pri_imc2_k_a.htm
Landed Costs of Imported Crude for Selected Crude Streams
http://www.eia.gov/dnav/pet/pet_pri_land2_k_a.htm
Not the importance factor today as it was when oil was under $20.
??????
we have enough of our own production to greatly reduce if not prevent the potential of them using this against us.
The US is importing 7~7.5 MMBPD a day of crude oil, 3~3.4 MMBPD from OPEC.
http://www.eia.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_m.htm
So unless we are willing to abandon the constitution and declare ourselves king, we are no different than Obama.
Buddy, I think you are greatly confused.
What do you think will happen to OPEC when ISIS takes control of all Iraqi oil. Noe that I said when, not if. Obama is going to let it hapen
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