Posted on 06/24/2008 2:10:40 PM PDT by John David Powell
Excellent info - thanks for posting!
If you want to know what's what in the 'awl bidness', you've no further to go than FreeRepublic. Ask FReeper thackney (a real live petro engineer), or Smokin' Joe (hands on in the Bakken formation(s)), or Eric in the Ozarks (long-time trader of lower-end product), to name a few.
Others here might offer a thought or two on the actual (as opposed to the public perception of) workings in the crude and products. Some of us have even written books on the subject.
BTW, did you know that there's no such thing as a physical 'barrel' of oil? Doesn't exist, and the reason for it traces back to the kerosene mkt in the 1880s.
There is another aspect the “we need to focus on alternatives because oil is bad” crowd doesn’t consider. Oil is more than just gasoline. There are few aspects of modern existence that don’t depend on petroleum based products.
BTTT! Great article!
First time at the plate and hits one out of the park. Way to go!
Maybe the author never buys any form of alcohol but it also has the taxes included, not added at the checkout stand.
Since they can't outlaw American's SUVs and force them to ride public transportation, keeping energy prices high is another way to achieve their goal.
If American's lose their jobs due to cutbacks related to high energy cost, then too damn bad. Mother-Earth comes first.
Way to go, John. Once again, we geeks, with just a little bit of research, have no trouble completely trouncing even the most above-average lib. They are - well, they’re marshmallow-major, latte drinking lib arts sponges.
Exactly what I was thinking.
I can attempt seismic survey questions: 5 years in the GOM on a seismic ship and another 12 as a software engineer developing seismic processing software for a seismic company here in H-Town.
And cigarettes?
“Maybe the author never buys any form of alcohol but it also has the taxes included, not added at the checkout stand.”
Also, tobacco taxes are included in the price, and then many places, the sales tax is added on top of all that. No breaks for the tobacco users.
Good job!
“Folks float the idea of a moratorium on state and federal gasoline taxes without explaining its minimal impact on gas prices,”
And isn’t the federal gasoline tax used, or is supposed to be used, primarily for highway construction and maintenance?
That idea strikes me as silly, though it has appeal to many.
:^(
I saw a show the other day about the Bra industry. You guessed it...petrolium and ofcourse the almighty silk worm.
Very interesting show.
The same can be said for most of the other "trivia facts".
That taxes at all levels is greater than the obscene profits of the oil companies is very relevant when the idiot politicians zero in on "obscene profits" or "gigantic executive salaries". At least the oil companies are producing something useful for the amount of profits they make. And it is not irrelevant that those profits are distributed among millions of shareholders of oil company stock.
When was the last time government shared "their" obscene income (profit)?
Knowledge is always power, and being able to recognize BS when we hear it is useful, but so far has contributed zero towards solving the problem. The politicians still argue irrelevancies, suggest old and tired alternatives and, bottom line, contribute zero towards solving the underlying issues.
Isn't that wonderful?
If we BS our problems to death we lose our homes and our jobs and starve. If politicians do it, they can do it forever with no price to pay whatsoever!
What's wrong with that picture?
Thanks for the post. great info.
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