User 209166

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  • Oil, Gas, Electric Cars, the Market and the Economy

    >>>Peak oil is crap theory. There is a lot of oil in the
    >>>ground. It's harder to reach than what we had 10 years
    >>>ago...

    Uhh, the Peak Oil Theory says that there's plenty of oil in the ground, but the challenge is getting it out of the ground and producing it at an increasing rate.

    Aug 05 15:48 pm |Rating: 0 0 |Link to Comment |View article
  • Washington Needs to Trim the Fat, Not Tax More
    All you did was copy and paste another article under your byline. Please do some actual thinking on your own next time.

    Jul 22 10:07 am |Rating: 0 0 |Link to Comment |View article
  • Offshore Drilling Isn't the Answer - Supply and Demand Is
    >>>And, as others have already pointed out, where
    >>>in the world did you come up with the 10-year figure?


    The 10y figure comes from the government.
    www.eia.doe.gov/oiaf/a...


    >>>There is some sense in the article but drilling or even
    >>>planning drilling would place huge downward pressure
    >>>on expectations.

    There's about 18bn bbls of potential oil reserves in the U.S. offshore shelf. The world consumes somewhere north of 85bn bbls PER DAY, with the U.S. accounting for about 25%, or roughly 20bn bbls per day. What we have is a literal drop in the bucket. It's hard to see how producing it would have any impact on prices.

    Jul 17 11:52 am |Rating: 0 0 |Link to Comment |View article
  • Offshoring Is a Dubious Policy When the Question is Oil Drilling
    >>>During hurricanes Katrina and Rita there were 200 mph
    >>>winds with 100' waves and no spillage from the oil infastructure.

    This talking point never dies.

    44 oil spills found in southeast Louisiana
    Largest is nearly 4 million gallons, most big ones are on Mississippi River

    The Coast Guard estimates more than 7 million gallons of oil were spilled from industrial plants, storage depots and other facilities around southeast Louisiana.

    That is about two-thirds as much oil as spilled from the Exxon Valdez tanker in 1989. But unlike the oil from the Valdez, which poured from a single source, these oil spills are scattered at sites throughout southeast Louisiana.
    www.msnbc.msn.com/id/9.../
    Jul 15 15:15 pm |Rating: 0 0 |Link to Comment |View article

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