GOP primary Chatter

[dbair1967]

Yet BP has our recoverable oil at 30 billion barrels total, the oil you are talking about is not recoverable. Trying to get to the rest of it, however much is actually down there, will cost more than the current market rate for oil. You realize only about 15% of our oil imports and 9% of what is consumed comes from the Middle East, right? Half of the oil we use comes from ourselves, Canada, and Mexico. The guys that hate us overseas are not inflating the price, that is coming directly from stock market speculation.

ok cy...looks like you have BO's and Pelosi's spin down 100%

 

[Cythim]

ok cy...looks like you have BO's and Pelosi's spin down 100%

That is cool, you cannot refute me so you just start attacking again. Another win for me. lol

 

[dbair1967]

That is cool, you cannot refute me so you just start attacking again. Another win for me. lol

Just like Obama's presidency, you've pulled a big 0-fer in this thread

 

[jiggyfly]

None of this changes the fact that if we drill for our own oil, we control our own destiny. And it does dramatically effect the price of oil.

So why are we exporting oil currently if it is a drilling problem?

How would you ensure that any new oil that is drilled for would be kept here and used to lower domestic prices.

 

[dbair1967]

So why are we exporting oil currently if it is a drilling problem?

How would you ensure that any new oil that is drilled for would be kept here and used to lower domestic prices.

I've said several times they need to build new refineries too.

 

[Cythim]

I've said several times they need to build new refineries too.

Building new refineries is going to prevent refineries from turning American crude into diesel and shipping it overseas?

:roythehammer

 

[dbair1967]

Building new refineries is going to prevent refineries from turning American crude into diesel and shipping it overseas?

:roythehammer

you truly are a dipshit sometimes

 

[Cythim]

you truly are a dipshit sometimes

And you are the most ignorant sumbitch I've ever discussed politics with. You obviously have no stance of your own, borrowing the hard right stance because that seems to fit your demeanor. You have no facts to base your argument on, throwing every logical falicy in the book out there in hopes that it will stick, and when everything else fails you simply start name calling. You really should just give up trying to argue and come to realize that everything I say is an absolute truth.

 

[dbair1967]

And you are the most ignorant sumbitch I've ever discussed politics with. You obviously have no stance of your own, borrowing the hard right stance because that seems to fit your demeanor. You have no facts to base your argument on, throwing every logical falicy in the book out there in hopes that it will stick, and when everything else fails you simply start name calling. You really should just give up trying to argue and come to realize that everything I say is an absolute truth.

Yawn

Dont you have another Occupy rally to get to or something?

 

[jiggyfly]

I've said several times they need to build new refineries too.

So you have no understanding of the question I asked you?

Lets try it again hoe do we stop the oil companies from selling domestic oil to the highest bidder, how do you make them keep the oil here and at a lower price?

 

[dbair1967]

So you have no understanding of the question I asked you?

Lets try it again hoe do we stop the oil companies from selling domestic oil to the highest bidder, how do you make them keep the oil here and at a lower price?

I'm sure there's lots of ways to do it, but whether it actually all STAYS here doesnt matter.

Ultimately world supply will go way up, cost will come down.

Only enviornmental kooks believe differently.

 

[Cythim]

I'm sure there's lots of ways to do it, but whether it actually all STAYS here doesnt matter.

Ultimately world supply will go way up, cost will come down.

Only enviornmental kooks believe differently.

If you want these points to stick you will need to provide evidence from a primary source that shows the estimated amount of oil and the cost-effective method of retrieving it. Right now we have an estimated 20-30 billion barrels of proved reserves available. Shale deposits are much larger but are also much more expensive to extract.

Show me where we can recover 20 million barrels of oil a day below the current market price.

 

[dbair1967]

If you want these points to stick you will need to provide evidence from a primary source that shows the estimated amount of oil and the cost-effective method of retrieving it. Right now we have an estimated 20-30 billion barrels of proved reserves available. Shale deposits are much larger but are also much more expensive to extract.

Show me where we can recover 20 million barrels of oil a day below the current market price.

Oil prices are where they are because the middle East controls so much of the supply, and right now speculators fear a major world issue with Iran/Isreal and others in the region that would potentially cripple the amount of oil being exported, or even produced.

This is another reason why being able to handle our own needs locally rather than depending on international nations is of such strategic importence.

The research is clearly there. We have enough oil within our own borders and along our coastal areas to more than take care of our own supply. Doing so would also give us a more legit option of becoming more isolationist again, and allow us to focus more on issues at home rather than worry about balancing the power abroad.

 

[Cythim]

The research is clearly there. We have enough oil within our own borders and along our coastal areas to more than take care of our own supply. Doing so would also give us a more legit option of becoming more isolationist again, and allow us to focus more on issues at home rather than worry about balancing the power abroad.

Show me this research, I have looked all over for it and cannot find it anywhere.

 

[dbair1967]

Show me this research, I have looked all over for it and cannot find it anywhere.

GOOGLE can be your friend to Cy.

I'm sure you wont find anything on MSNBC, CBS, the Huffington Post, NY Time or some other outlet for the libs

 

[Cythim]

GOOGLE can be your friend to Cy.

I'm sure you wont find anything on MSNBC, CBS, the Huffington Post, NY Time or some other outlet for the libs

When i google all I find is unsubstantiated claims with no source research. If you cannot provide the research you claim is out there then I can only assume it does not exist.

 

[dbair1967]

When i google all I find is unsubstantiated claims with no source research. If you cannot provide the research you claim is out there then I can only assume it does not exist.

When I have time this week, I'll post some of the stuff.

Regardless of whats found/posted, you Obama lovers will never concede its the right thing to do anyway.

 

[Cythim]

When I have time this week, I'll post some of the stuff.

Regardless of whats found/posted, you Obama lovers will never concede its the right thing to do anyway.

I will form my own opinion based on the data provided. I agree with certain aspects of your argument, such as opening up land for drilling, I just don't believe the recoverable reserves are as large as you seem to imagine.

 

[NoDak]

Ok, first I'd like to thank everyone involved providing many laughs reading about your takes on oil. Living in and working in the middle of one of the biggest oilfields in America only makes it funnier to see people that have no idea of what they're talking about trying to argue over it. lol Much appreciated.

And Cythim, I don't think you must have looked very hard to find what untapped oil resources the US has. There are a shitload of stories out there about Prudhoe Bay, the Bakken oil discovery, the OCS, the West Texas oilfield, etc... The Bakken has both sweet green crude oil (the best kind) and oilshale. Speaking of oilshale, there is a HUGE deposit throughout Colorado, Wyoming, and Utah. This alone would dwarf what we're producing now. Which is about 10+ billion bbls a day. As of yet, we are not producing it, as most of it is on federally protected land. I have no doubt that technology will allow us to go after this in the near future. Up until recently, we couldn't cost-effectively go after the Bakken oil formation, as it's a payzone of appx 500', about 10,000' down. We've known of this formation for many years, but until horizontal drilling procedures were fully developed, it didn't pay to produce this zone. Now, we can drill down about 9,000' laterally, then kick out and drill appx 15,000' horizontally. So now, with the use of stimulation sleeves, swell packers, and fracking we can have about 20-25 payzones in that zone. Per well. The old drilling method would only allow for 1-2.

Oh, almost forgot. Here's one article on it for ya. http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html
This article was written in 2008. Recent studies up here have moved the total expected supply in the Bakken closer to 200+ billion bbls.

And dbair was right about one thing. We need more refineries, ASAP. This alone will cause two things. More jobs, and a decrease in gas prices, as shipping costs for gas will be greatly reduced, especially in the area of the new refineries. The keystone pipeline would also help with these things. And for whoever said it would only be used to move arab oil out of Canada.... lol That one is for you.

From Wikipedia http://en.wikipedia.org/wiki/Keystone_Pipeline

The Keystone Pipeline System is a pipeline system to transport synthetic crude oil and diluted bitumen ("dilbit") from the Athabasca Oil Sands in northeastern Alberta, Canada to multiple destinations in the United States, which include refineries in Illinois, Cushing oil distribution hub in Oklahoma, and proposed connections to refineries and export terminals[2][3] along the Gulf Coast of Texas. It consists of the operational "Keystone Pipeline" (Phase 1) and "Keystone-Cushing Extension" (Phase 2), and two proposed Keystone XL pipeline expansion segments. After the Keystone XL pipeline segments are completed, American crude oil would enter the XL pipelines at Baker, Montana and Cushing, Oklahoma.[1]

Pay close attention to the part where it says what it would be transporting, and where it would pick up American crude. Says nothing about middle-eastern oil. Even if you click on the link and read it in it's entirety.

So, yeah. The keystone pipeline would be a good thing. All it needs is approval, which is proving difficult with this administration.

 

[Cythim]

Thanks for the stories and wiki links, but I am looking for actual data. Estimated reserves have not been update to include what is going in with Bakken and what they are doing in South Texas, but we have yet to see a significant increase in production with those areas opening up.


As for the Keystone Pipeline, what I've heard is that it will increase oil prices in the midwest (because they will no longer receive the bulk of Canadian oil) and Canada will be looking to profit by selling the oil overseas (see your wiki link: connections to export terminals along the Gulf Coast of Texas).