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US shale oil supply shock shifts global power balance
BBC ^
| 14 May 2013 Last updated at 10:00 ET
| STAFF
Posted on 05/14/2013 8:25:13 AM PDT by Red Badger
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To: thackney
2
posted on
05/14/2013 8:25:34 AM PDT
by
Red Badger
(Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
To: Red Badger
Let the Saudi’s wither on the vine.
3
posted on
05/14/2013 8:26:57 AM PDT
by
knarf
(I say things that are true ... I have no proof ... but they're true)
To: Red Badger
4
posted on
05/14/2013 8:29:05 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: knarf
Somehow I think our fearless leaders will screw it all up.
5
posted on
05/14/2013 8:31:33 AM PDT
by
Captain PJ
(Are we there yet?)
To: Red Badger
And I’m still paying $3.95 per gallon for gas this morning.
Drill now.
6
posted on
05/14/2013 8:33:07 AM PDT
by
Colonel_Flagg
(Blather. Reince. Repeat.)
To: Red Badger
It has long been Americas energy policy to pump the cheap oil of the world dry until we had to develop our own reserves. And FWIW, the cheap oil locations will fill back up if left alone for a hundred years. That's how the molten earth core works. It's a giant distillery, which precipitates the long chain hydrocarbons as they cool inside cavernous mantle formations.
When the earth's molten inner core begins to cool, that's when oil reserves will vanish.
7
posted on
05/14/2013 8:34:16 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: knarf
I agree. Arabs without oil (and oil money) are nothing more than camel jockeys. Let them all go back to the desert and pound sand.
8
posted on
05/14/2013 8:34:42 AM PDT
by
Cowboy Bob
(Democrats: Robbing Peter to buy Paul's vote.)
To: knarf
That will happen, and after that, the world will become a little more sane.
9
posted on
05/14/2013 8:36:11 AM PDT
by
stuartcr
("I have habits that are older than the people telling me they're bad for me.")
To: Red Badger
To: blackdog
My pet theory is, if you drill deep enough ANYWHERE, you will strike oil.........
11
posted on
05/14/2013 8:39:20 AM PDT
by
Red Badger
(Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
To: Red Badger
[[A steeper-than-expected rise in US shale oil reserves is about to change the global balance of power between new and existing producers, a report says.]]
That’s fine, but hte fact is companies want to export the oil because it will getm orem oney overseas, which means that our prices here will also rise-
12
posted on
05/14/2013 8:39:50 AM PDT
by
CottShop
(Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
To: blackdog
You are living in a fantasy world.
The temperatures and pressures at the levels of molten rock break down the long-chain hydrocarbons, they don’t form them. We do this every day in most of our refineries.
Wishing won’t make the physics and chemistry run backwards.
abiotic oil theories have produced cash from gullible investors and few countries, but has never been a source for commercial oil production.
Every wonder how that deep-earth theory matched the fact that all the world’s oil fields are sourced from sedimentary basins? And places like Hawaii where the crust has been pushed up from underneath has no oil production?
13
posted on
05/14/2013 8:40:15 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: CottShop
hte fact is companies want to export the oil because it will getm orem oney overseas Do you honestly believe that OPEC imports oil to us today and we don't pay global market rates?
14
posted on
05/14/2013 8:41:26 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: thackney
I am not a geologist. I just know that many of the wells we pumped dry in the early part of the last century are full again. That is especially true in California and Pennsylvania.
15
posted on
05/14/2013 8:43:48 AM PDT
by
blackdog
(There is no such thing as healing, only a balance between destructive and constructive forces.)
To: Colonel_Flagg
[[Drill now.]]
The drilling isn’t the problem- We’re suppsoedly ‘at capacity’ in regards to our refineries and what they can handle- the problem is two fold- congress has prevented the companies from making enough refineries- and 2 since we can’t refine anym ore, we are exportign oil because it getsm ore money overseas which raises price her too I guess- fro mwhat I understand of it
16
posted on
05/14/2013 8:44:36 AM PDT
by
CottShop
(Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
To: CottShop
Thats fine, but hte fact is companies want to export the oil because it will getm orem oney overseas, which means that our prices here will also rise- ?????......
17
posted on
05/14/2013 8:46:02 AM PDT
by
Red Badger
(Want to be surprised? Google your own name......Want to have fun? Google your friend's names........)
To: thackney
I’m talking abotu IF we becoem ‘energy indepedent’ Our congress is not goign to allow low energy prices for one, and two- companies will make morem oney exporting oil, which will raise prices here-
18
posted on
05/14/2013 8:47:18 AM PDT
by
CottShop
(Scientific belief does not constitute scientific evidence, nor does it convey scientific knowledge)
To: blackdog
19
posted on
05/14/2013 8:49:29 AM PDT
by
thackney
(life is fragile, handle with prayer)
To: CottShop
IF we becoem energy indepedent If we are not paying market rates for the product, we won't be getting investors/oil companies spending money in this country to produce the product.
20
posted on
05/14/2013 8:50:45 AM PDT
by
thackney
(life is fragile, handle with prayer)
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