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Opec output hike seen , Oil could rise to $80 per barrel:
Bahrain Tribune ^ | 30/08/2005

Posted on 08/31/2005 1:11:50 AM PDT by M. Espinola

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To: RWR8189
Seems like our main problem caused by the hurricaine is with the refineries, not supply.

My wife worked for Texaco Oil for thirty Years. Texaco has been trying to build new refineries. The EPA and environmental groups have hand-cuffed the majors. Why do some people not understand?

41 posted on 08/31/2005 3:37:14 AM PDT by Cobra64
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To: M. Espinola

Tell them not to bother since we have all that CA oil from our federal waters off the Pacific coast....yes, that's wishful thinking since the energy hogs on our west coast don't contribute a drop of the oil they use on their long daily commutes. When 50% of our gasoline is affected by a Gulf coast hurricane, one wonders what in the world this country is thinking when it concentrates our energy dependence in this precarious area of our coast line. I think after 60 years, our government could have come up with a better idea. If there is a shortage, the first strict rationing should be in CA, WA, and OR. Let those smart leftists and environazis do without gas and open airports for awhile. They might get some sense.


42 posted on 08/31/2005 3:37:37 AM PDT by kittymyrib
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To: M. Espinola

The point is Washington must act now before this thing becomes worse

I do hope by that comment you mean for the government to remove all additional taxes and regulations they have imposed on the oil industry and not that they should get more involved. Things are bad enough as it is without more government involvement.

43 posted on 08/31/2005 3:47:13 AM PDT by armymarinedad (Character makes you draw a line in the dirt.)
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To: M. Espinola

Why hasn't Pres. Bush written an executive order reducing fuel types to three formulas, instead of the current 40+ formulas bottlenecking refinery capacity?


44 posted on 08/31/2005 3:50:00 AM PDT by Nephi (Globalism is incompatible with originalism.)
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To: Uncle Vlad

The economy is going to take a big hit. president Bush better put pressure on Opec. Rising gas prices have not hurt that much yet, but now the prices have reached the point where they will start hurting average Americans, and we will have inflation. Two things that made the 70's absolutely miserable in economic terms. My husband works for GM-there are union, global trade problems, but Ford is firing-not laying off-firing management now. The car industry is the first to feel the effects of this and the last to recover.


45 posted on 08/31/2005 3:51:53 AM PDT by nyconse
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To: Uncle Vlad
Tell me again why we're not drilling in ANWAR?

Who is talking about ANWAR? As far as I can tell, there isn't a single Republican aware of our need to open ANWAR, now. Maybe it's all about the "new tone?"

46 posted on 08/31/2005 3:52:16 AM PDT by Nephi (Globalism is incompatible with originalism.)
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To: Nephi
"Why hasn't Pres. Bush written an executive order reducing fuel types to three formulas, instead of the current 40+ formulas bottlenecking refinery capacity?"

It would sure lessen the load on the refineries.

47 posted on 08/31/2005 3:54:28 AM PDT by M. Espinola (Freedom is never free)
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To: Nephi
Why hasn't Pres. Bush written an executive order reducing fuel types to three formulas, instead of the current 40+ formulas bottlenecking refinery capacity?

drilling in ANWR has passed the House many times and surprise guess who is bottlenecking it in the Senate?

Yep your fireindly enivorwhacko democrat. House and Senate leaders are going to atttach ANWR drilling to budget bills so that it only needs 51 votes to pass the Senate.

48 posted on 08/31/2005 3:55:30 AM PDT by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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To: Bazooka

People always say this...The technology is not there. There has never been a viable tech solution to oil problems. The economy will take a huge hit. It would collapse. Can you picture American businesses changing all the factories. It would cost a huge amount of money. This while they must compete globally. One of the reasons this has happened is China is taking much more oil than they use to. Opec does not have to depend on us anymore so it is hard to put pressure on them. We need to build more refineries and get rid of the EPA regs that require 40+ different types of gas. I have friends that bought those little hybrids. They tell me the gas mileage is no where near what was promised.


49 posted on 08/31/2005 4:01:05 AM PDT by nyconse
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To: Dane

Yes, I know, but which Republican is out front rallying American outrage against this obstructionism?


50 posted on 08/31/2005 4:02:26 AM PDT by Nephi (Global warming is a political strategy.)
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To: MNJohnnie
Please tell us what specific actions you want Bush to do?

I don't need specific...But drop Federal taxes temporarily would help...Or at least talk about it...Kind of hard to defend George for doing completely nothing, isn't it???

51 posted on 08/31/2005 4:04:01 AM PDT by Iscool
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To: Iscool
I don't need specific...But drop Federal taxes temporarily would help...Or at least talk about it...Kind of hard to defend George for doing completely nothing, isn't it???

You wouldn't defend Bush if he twitched his nose and gas was 25 cents a gallon.

We had 8 years of Clinton doing nothing about the energy situation and 4 years of democrat obstruction with the energy bill, which finally passed.

This situation was caused by neglect and it ain't going to be solved tommorrow, but this oil and gas situation may be a blessing in disguise in that it finally ushers in domestic energy alternatives.

52 posted on 08/31/2005 4:17:10 AM PDT by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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To: All

"White House" to tap SPR... per Energy Secretary...


53 posted on 08/31/2005 4:25:39 AM PDT by dakine
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To: Iscool

"And there's 'nothing George can do' (according to George) except count his money..."

Yeah, right. Sure. Take the tin foil off your head.


54 posted on 08/31/2005 4:27:05 AM PDT by Archidamus (We are wise because we are not so highly educated as to look down on our laws and customs)
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To: Iscool
"Well, the A-rabs are buying up thousands upon thousands of convenience store/gas stations"

If you think buying a convenience store/gas stations is a way to get rich quick with no work, why don't you buy one?
55 posted on 08/31/2005 4:29:27 AM PDT by Archidamus (We are wise because we are not so highly educated as to look down on our laws and customs)
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To: Dane
"And then $60 a barrel Colorado oil shale or Albertan oil sands comes to the market. That's if the envirowhackos don't put up obstacles."

Maybe if the envirowhackos were shipped to some of the more radical Islamic OPEC nations all the anti-American trouble makers would be 'over there'.

This is an interesting article on world-wide deposits of Oil Shale


56 posted on 08/31/2005 4:30:26 AM PDT by M. Espinola (Freedom is never free)
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To: MNJohnnie

Don't confuse them with facts.


57 posted on 08/31/2005 4:31:43 AM PDT by Archidamus (We are wise because we are not so highly educated as to look down on our laws and customs)
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To: Dane
And then $60 a barrel Colorado oil shale or Albertan oil sands comes to the market.

The only problem with that is at this point for a true $60 a barrel price the speculative futures market will need to be between $80-90 dollars a barrel.
I think that is why there isn`t that much talk of shale oil yet.Oil companies don`t believe the price will stay this high forever.

58 posted on 08/31/2005 4:34:27 AM PDT by carlr
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To: kittymyrib
Good points. No drilling off the coast of CA, then no oil from off the coast of TX.
59 posted on 08/31/2005 4:34:27 AM PDT by Archidamus (We are wise because we are not so highly educated as to look down on our laws and customs)
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To: armymarinedad
"I do hope by that comment you mean for the government to remove all additional taxes and regulations they have imposed on the oil industry and not that they should get more involved. Things are bad enough as it is without more government involvement."

Washington could greatly assist the energy consuming publics financial burdens by greatly cutting taxes at the pump. The states should do the same. I agree there are far too many EPA regulations.

The other looming problem is what to do about nuclear Iran. Removing the mullahs controlled dictatorship would greatly assist our troops in Iraq. Syria's infiltration of killers into Iraq must also be firmly addressed.

60 posted on 08/31/2005 4:38:03 AM PDT by M. Espinola (Freedom is never free)
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