Oil Slick Stuff

Sort by newest Sort by date
Minnow said:
You presumed retirement was going to be easy, my man. I'll bet they're toasting you with Sangria on the other side of the pond right now.:D
Click to expand...
Oh their having a high old time, messaged me on Facebook they went to the beach yesterday, drinking Sangria on the beach. It's within walking distance from Mother-In-Law''s house in fact 2 beaches are really close. I like it over there in the Old City everything is close walking distance and a Cantina, Bar or Bodega on every corner. Love that Rioja!:rolleyes:
 
That was nice of them. Did you facebook a picture of you mowing the lawn with a PBR in hand? :laugh:

By the way, wanna guess who the SemGroup LP bankers were? hint: it rhymes with Moldman Sachs.

from www.tulsaworld.com:

By ROD WALTON World Staff Writer
Published: 5/18/2010 2:25 AM
Last Modified: 5/18/2010 5:56 AM

A group of Oklahoma, Texas and Kansas producers are suing former trading partners and corporate customers of SemGroup LP, alleging that group members are owed millions after the defendants failed to pay SemGroup for their oil and gas production.
 
Last edited by a moderator:
I never thought of that, but it might be hard to steer that walk behind with one hand?:laugh:
Same Crooks different story!! Their in the money!:cool:
 
/20/2010 - Updated 4:44 PM ET
1.gif
Crude futures end lower as investors worry about demandReformulated gasoline futures fall to three-month low
1.gif

By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Crude-oil futures ended lower on Thursday, mirroring steep losses for U.S. stocks and other commodities as investors wrung their hands about energy demand and feared Europe could derail the global economic recovery.
http://markets.usatoday.com/custom/usatoday-com/html-story.asp?markets=COMMODITIES&guid=%7BAC092EA8%2D6325%2D48DB%2DB71D%2D69A5D347C0C6%7D
 
Last edited:
BP Launches Live Webcam of Riser Flow
BP Plc
|
Friday, May 21, 2010

Inc_DWHoriz_Hdr.jpg

BP has launched a live webcam of the riser flow. The webcam can be viewed here.
BP has been providing a live feed to government entities over the last two weeks including the US Department of the Interior, US Coast Guard, Minerals Management Service (MMS) through the Unified Area Command center in Louisiana -- as well as to BP and industry scientists and engineers involved in the effort to stop the spill.
http://www.rigzone.com/news/article.asp?a_id=93617&hmpn=1
 
Last edited:
Spill Remains 400 Miles Off W. Florida Coast
by Sara Kennedy
|
The Bradenton Herald, Fla.
|
Friday, May 21, 2010


Inc_DWHoriz_Hdr.jpg

Amid pleas to better organize volunteers and to emphasize that Florida's beaches are clean and its fishing so far unaffected by a giant Gulf oil spill, state officials said Wednesday that they are ready if the oil comes our way.

http://www.rigzone.com/news/article.asp?a_id=93632&hmpn=1
 
Last edited:
05/21/2010 - Updated 12:24 PM ET
1.gif
Oil reverse to gains, trades above $70 a barrel
1.gif
By Claudia Assis, MarketWatch & Polya Lesova, MarketWatch

SAN FRANCISCO (MarketWatch) -- Oil futures changed paths to trade above $70 a barrel on Friday, as financial stocks lifted the U.S. stock market and as bargain-hunters stepped in a market many saw as oversold.
Crude oil for July delivery, the most active contract, fell 35 cents, or 0.4%, to $71.11 a barrel on the New York Mercantile Exchange. The 2D9F0A%2DD536CFA841A8%7D
 
Last edited:
Current Top Kill Forecast: Tuesday at the Earliest
Rigzone Staff
|
Friday, May 21, 2010

Inc_DWHoriz_Hdr.jpg

BP could deploy the top kill method at the leaking Macondo well as early as Tuesday, Chief Operating Officer Doug Suttles said during a Friday afternoon press conference.
According to Suttles, much of the equipment needed to attempt the well shut-off operation has already been mobilized. The plan is to pump heavy, viscous drilling mud from a large barge on the surface to the blowout preventer (BOP) via two "choke" and "kill" lines. Cement would then be directed into the BOP to seal the well and stop the flow of crude oil.
Top kill is a recognized industry technique, but it has never been attempted at 5,000 feet.

http://www.rigzone.com/news/article.asp?a_id=93655&hmpn=1
 
Congressional Bill Proposes Quadrupling Oil Tax
by Siobhan Hughes
|
Dow Jones Newswires
|
Friday, May 21, 2010

WASHINGTON (Dow Jones)
U.S. congressional negotiators on Thursday proposed quadrupling an oil tax that finances a federal oil-spill trust fund, the latest fallout for the industry following a vast oil spill in the Gulf of Mexico.
The tax would increase to 32 cents a barrel, from 8 cents currently, under a plan worked out between House and Senate tax-writing committees.http://www.rigzone.com/news/article.asp?a_id=93615&hmpn=1
 
Last edited:
Well Nnnuut- what do you think? Is .32 cents a barrel too much? They are saying the 8 cents a barrel they pay now isn't enough money to clean up this one spill in the gulf.

What do you think is the right amount, to set aside in case of emergency clean up needs? Is .32 cents per 42 gallon barrel of oil the right amount?

That works out to just over 7 tenth's of one cent per gallon of gasoline. Dedicated revenue stream to have ready for oil cleanup should it be needed.
 
The squeeze is on. Ok, so oil is going down in price as we speak. Legitimate claims against BP will be paid by BP. So what about the illegitimate claims i.e. the real robust claims by the south and eastern coastal states? Duuhhhh. Ok, the US citizens will pay them with the taxes we propose with this bill. Ya see the peoples won't notice the tax we levy because the taxes will be immersed with the lower oil prices presently declining, so the price per gallon is going to be, still, bout $3. Ya see how we did that?:laugh:
 
Pump price of gas near me is down over 20 cents in 20 days.

Nothing to sneeze at.
View attachment 9460
And this is lagging actual rack prices to stations. We should see at least another nickle over the next week or so, unless something changes.
​
 
The USA uses about 2 million barrels of oil a day, times $.32 a barrel is $640,000 a day times 365 days = $233,600,000 a year.:worried: And who will pay for that, WE WILL!! oilgusher.gif
 
nnuut said:
The USA uses about 2 million barrels of oil a day, times $.32 a barrel is $640,000 a day times 365 days = $233,600,000 a year.:worried: And who will pay for that, WE WILL!! View attachment 9461
Click to expand...
Of course we will pay for it..

Course it didn't say how it would be taxed..by the number of barrels refined or in stock piles or produced from current wells, or will include crude from OPEC..none of those question have been answered.

Well Nnnuut- what do you think? Is .32 cents a barrel too much? They are saying the 8 cents a barrel they pay now isn't enough money to clean up this one spill in the gulf.

What do you think is the right amount, to set aside in case of emergency clean up needs? Is .32 cents per 42 gallon barrel of oil the right amount?

That works out to just over 7 tenth's of one cent per gallon of gasoline. Dedicated revenue stream to have ready for oil cleanup should it be needed.
Click to expand...
but Jim..Why don't you tell us what you think is fair or what you think about the extra oil tax..you seem to have all the answers all the time, why ask questions?..I think Norm was merely posting news and not an opinion.
 
I don't know- that's why I was asking his opinion- or yours. Should we have this kind of a clean-up fund, and, if so, is that the right amount to be putting in it?

The last time we had a major spill, (Exxon Valdez), the approach in legislation was to make the oil companies pay for it, and have this current 8 cents per barrel fund out there for emergencies.
Later, Congress did another piece of legislation which capped the amount that oil companies could be liable for. But they didn't change the amount "per barrel" going into the fund for use in cleanup in an emergency of a major spill.

So my question was simply- is that the right amount- .32, to have going into an emergency fund.

And yes, I know those who use oil will pay for it- it would tack on less than a penny per gallon of gasoline. My question was just is that the right way to do it, and the right amount?
 
Right amount of money? How would I know, what if they had 3 spills going on at one time? The Oil Companies will just charge the consumer higher prices anyway to pay their taxes that's how it works. It comes down to the same thing, raise taxes!!! Less than a penny a gallon, that's some fancy math there. 42 gallons a barrel how much gas can you make with a barrel of crude? :cool:
http://en.wikipedia.org/wiki/Barrel_(volume)
How many gallons of gasoline does one barrel of oil make?
U.S. refineries produce between 19 and 20 gallons of motor gasoline from one barrel (42 gallons) of crude oil. The remainder of the barrel yields distillate and residual fuel oils, jet fuel, and many other products. Refinery yields of individual products vary from month to month as refiners focus operations to meet demand for different products and maximize profits.
http://www.eia.doe.gov/ask/gasoline_faqs.asp#gallons_per_barrel
They should be responsible and not limit the amount to a 75 Million or something. This is International and all Oil companies not just BP.
 
Last edited:
James48843 said:
I don't know- that's why I was asking his opinion- or yours.
So my question was simply- is that the right amount- .32, to have going into an emergency fund.
Click to expand...
I think .35 a barrel is fair..I know we as consumers shouldn't be burdened with this, but it ain't much to ask for in light of the messes these things like the Gulf accident create..someone has to pay for it..if it is left up to the OIL companies alone..we still pay for it..there is no way around it...

I'd gladly pay a fraction of a penny per gallon of gas so long as the oil exploration efforts off shore is allowed to continue.


Gas today at $2.32
 
You must log in or register to reply here.
Back
Top