Posted on 09/03/2005 1:58:07 PM PDT by Mount Athos
;^)
"Not a problem. They can have political power if we get cheap energy, and if we don't they can run checkout at WalMart. They will get the message."
All have the message. Have had for some thirty years. As for as cheap energy on a national scale. Energy sources and how they are used are only part of the equation. We shall always need petroleum based products, that are not obtainable from other sources. Such as lubricants, jet fuel, heating oil, natural gas for cooking/home heating etc., and the diverse fractions that come from petroleum oil for literally hundreds of thousands of end products, not to mentioned all the required derived chemicals used in so many processes.
We need oil, and I am not talking about plant derived oils such as corn, cotton seed, soybean etc.. They cannot be cracked to obtain the extremely short list I make mention of above. It is all a bit more complicated then many of us understand believe me.
9/1/2005 Senator Bill Nelson (D-FL), a dangerous embarrassment
We went from jungle to rain forest, swamp to wetland... What can "desert" be turned into? "Sun-surfeited biome" maybe?
ping
Bookmarking
The cost of producing Saudi oil is only $3 per barrel but the value of their as yet untapped reserves is more than that by quite a bit. That is why they can deliver oil at a profit.
The prospect of producing oil from shale in the US for $30 per barrel also explains why it is unlikely that world oil prices can remain as high as they are. How much shale oil will be produced if the world price of crude falls to $28? Practically none.
I believe that it is impossible for the US to reduce its dependence on foreign oil as long as the Saudis continue pumping.
TS
I'll say it too. Wow.
BTTT
bump for later
Let the heathen Sa-uds pound sand, PIIINNGGGG
"As asked earlier, how do they prevent an enormous loss of liquid via seepage?"
I don't know. Sorry. I'm sure the pumping system is in place around the localized heating to get the majority, however.
ping
Shale may never overcome the price advantage that the Saudis currently enjoy, but unless they decide to engage in a price war, I think there is plenty of room for profit at $50-$60 per barrel. Shell says their recovery method is profitable at $30 per barrel, and that seemed to be the price break with previous methods too. They were doing a lot of shale extraction in the 1970s, and then it died off when prices fell.
My husband says that they could probably get an operation up and running in three months. Let's hope those hearings go well. This would be a real boon to the economy of the mountain states where most of the shale is located. And we could be calling the shots for once.
It was a small pilot project.
My premise is that they would have to apply for these jobs and be eager to move there. Anyone not cooperating, or misbehaving, would be kicked out.
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