Posted on 10/10/2013 5:53:26 AM PDT by thackney
The proposed Keystone XL oil pipeline from Canada to the U.S. would make "OPEC obsolete," billionaire energy entrepreneur T. Boone Pickens told CNBC on Wednesday.
"Canadians say they have 250 billion barrels [of oil]. That's exactly what the Saudis claim they have," he said in a "Squawk Box" interview. "You're sitting there with the same amount of oil available to the United States from Canada as Saudi Arabia."
"But when you move the oil through the Strait of Hormuz everyday, it's 17 million barrels," Pickens said. "The Navy is shepherding a cartel daily through the Strait of Hormuz. And then to China and Europe, and we get 10 percent of it."
(Excerpt) Read more at cnbc.com ...
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.
Because Obama is owned by the Saudis. See my FR homepage for details.
google “Nixon and the petrodollar” and you may have an epiphany.
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.
I take it you don’t have a intended action, just a catch phrase.
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.
I wonder if Aviation 100ll is a boutique blend, I’ve seen it referred to that way, racing gasoline too.
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?
Are you asking if Aviation Gasoline requirements change from location to location?
Don't take away my sport ute's fave blend: the ethanol free grade at the Conoco.
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?
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.
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.
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.
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.
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.
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.
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