Oil Slick Stuff

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nnuut said:
...DRILL DRILL DRILL and keep it here and stop exporting most of it overseas, regulate.
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Those are contradictory goals for the oil companies.

It's not about helping the American citizen. To the oil companies, it's ALL about the money. Nothing more.


You could drill, drill, drill all day long, and the oil companies will do exactly what they want to do with the XP pipeline. It's not about helping the American economy- it's ONLY about getting their precious oil to world markets, where they can make more money. Period.

cut off Iranian oil? Sure- BP loves that idea, as does Exxon Mobile, Citgo, Marathon, and all the rest. Because cutting off Iranian oil only means the price will go UP UP UP for all oil products, in every market in the world. Oil is a global commodity- and cutting off anywhere, means higher prices everywhere, and that's exactly what big oil wants.

Invest in BP.

[h=2]BP p.l.c. Common Stock (BP)[/h] -NYSE

47.62
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+$0.97 (+2.08%)
 
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[h=1]BP idles large Washington state refinery after fire[/h]http://www.reuters.com/article/2012/02/18/refinery-operations-bp-cherrypoint-idUSL2E8DI15E20120218

[h=1]Exxon Baton Rouge refinery reports malfunction[/h]http://www.reuters.com/article/2012/02/20/refinery-operations-exxon-batonrouge-idUSL2E8DK04920120220?feedType=RSS&feedName=rbssEnergyNews&rpc=43

[h=1]Blame Iran And China For Rising Gas Prices[/h]


Blame Iran And China For Rising Gas Prices - Forbes
 
More on that Washington State huge refinery fire that is affecting California pump prices today:
Refinery Fire to Pump Up Gas Prices Even More

Reported by: KPSP Local 2 News


Southern California gasoline prices, already topping an average of $4 per gallon, may climb at an even higher rate because of a major fire at a West Coast oil refinery, it was reported today.

The massive Cherry Point refinery near Blaine, Wash., owned by BP Arco, had a major fire Friday night. A key link called a ``crude vacuum distillation unit'' was so badly burned that BP experts had yet to approach it to assess damage today, according to an incident report filed with the federal government and obtained by the Bellingham Herald newspaper.Loss of the crude processing unit leaves the refinery unable to take in its daily intake capacity of 230,000 barrels of crude oil, mostly from Alaska. Gas is refined and blended there to meet California's strict smog laws, and is shipped via tanker ships south to California.

A BP spokesman told the Bellingham newspaper that overall production at Cherry Point may be cut by half for at least the next few days, and possibly the next few months.
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That's it- out for possibly months. Ouch.

More at:

Refinery Fire to Pump Up Gas Prices Even More - KPSP Local 2
 
Our friends just closed down 2 refineries on the east coast, when it rains it pours, but not Gas due to poor planning and not allowing Oil exploration on the west and east coasts along with Alaska and GOM. The government knows what's happening and haven't done a damn thing to change the regulations concerning petroleum export levels in the USA. Why because they are known to want us to pay the same price for Gas and Oil as Europe, that will stimulate the Green Energy progression and the bankruptcy of our country. Don't get me started I can prove it!
 
nnuut said:
...The government knows what's happening and haven't done a damn thing to change the regulations concerning petroleum export levels in the USA. Why because they are known to want us to pay the same price for Gas and Oil as Europe, that will stimulate the Green Energy progression and the bankruptcy of our country. Don't get me started I can prove it!
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Soooo......you are saying you want the federal government to interfere in free markets, and regulate EXPORTS of energy??, including who the companies can sell to?

Wow.

That is one stretch and increase of the Federal Government regulatory burden. Never thought I'd here you advocate that, Nnuut. :-)
 
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[TD="bgcolor: transparent"]Cost to operate a Chevy Volt



Eric Bolling (Fox Business Channel's Follow the Money) test drove the Chevy Volt at the invitation of General Motors.



For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine.

Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles. It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.



According to General Motors, the Volt battery hold 16 kwh of electricity. It takes a full 10 hours to charge a drained battery.



The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity.



I pay approximately (it varies with amount used and the seasons) $1.16 per kwh.



16 kwh x $1.16 per kwh = $18.56 to charge the battery.



$18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.



Compare this to a similar size car with a gasoline engine only that gets 32 mpg.



$3.19 per gallon divided by 32 mpg = $0.10 per mile.



The gasoline powered car cost about $15,000 while the Volt costs $46,000.



So Obama wants us to pay 3 times as much for a car that costs more that 7 time as much to run and takes 3 times as long to drive across country.



REALLY?
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Well Buster, I don't know what electricty costs where you are, but I pay a lot less than $1.16 a kiliwatt hour.

From my latest bill:

Energy:
493 KWH @ 0.06912= $34.08
+ 43 KWH @ 0.08257=$ 3.55

Distribution costs:
Distribution:
536 KWH @ 0.05003= $26.82
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So I pay $64.45 for 536 kilomwatts of electricty, or about 12 cents per kilowatt hour.

So, for me, it would cost $ 1.92 to charge up a Chevy Volt, not $18.56.

I think your Faux News guy got the digit one decimal over in the wrong direction.

And no, the Volt isn't intended to be driven 270 miles every day in one direction.

Most people drive 50 or less miles to and from work each day.

The AVERAGE commute distance in 2010 was 14 miles.
Average commute distances by mode - Knowledge base for National TDM and Telework Clearinghouse and Best Workplaces for Commuters

So, you could operate the AVERAGE commuter on $1.92 a day.
 
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Well, my goodness there Buster!

Wouldn't you know it.

It turns out that while I pay 12 cents per kilowatt hour in Michigan, you appear to pay just 8.4 CENTS per kilowatt hour in Oklahoma.

http://www.oge.com/Documents/OK/3.00 R-1.pdf

So it would cost you just one dollar and thirty four cents to fully charge up a depleted Chevy Volt battery.

To go roughly 45 miles.

That's about three cents a mile.

How far is your commute to work, Buster?

Could you make it there (and back home) on one charge in a Volt for $1.34, or would you have to use gasoline?
 
James48843 said:
Soooo......you are saying you want the federal government to interfere in free markets, and regulate EXPORTS of energy??, including who the companies can sell to?

Wow.

That is one stretch and increase of the Federal Government regulatory burden. Never thought I'd here you advocate that, Nnuut. :-)
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James, you don't think the government regulates exports of gas and oil NOW? Yes they do, the problem is that they are NOT doing a good job of protecting the resources that we have and are allowing our gas and oil to be exported because suppliers can get more profits over seas, they know it's happening and support it to promote their agenda, while stabing a Knife in our backs.
DECEMBER 12, 2008
Times Tough for Energy Overhaul

Struggling Economy, Falling Oil Prices Complicate Obama Team's Agenda


But the next administration will face a range of obstacles on the energy front, from plummeting oil prices and a declining economy to potential rifts among Mr. Obama's own advisers.
In a sign of one major internal difference, Mr. Chu has called for gradually ramping up gasoline taxes over 15 years to coax consumers into buying more-efficient cars and living in neighborhoods closer to work.
"Somehow we have to figure out how to boost the price of gasoline to the levels in Europe," Mr. Chu, who directs the Lawrence Berkeley National Laboratory in California, said in an interview with The Wall Street Journal in September.
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Times Tough for Energy Overhaul - WSJ.com
 
James48843 said:
Well, my goodness there Buster!

Wouldn't you know it.

It turns out that while I pay 12 cents per kilowatt hour in Michigan, you appear to pay just 8.4 CENTS per kilowatt hour in Oklahoma.

http://www.oge.com/Documents/OK/3.00 R-1.pdf

So it would cost you just one dollar and thirty four cents to fully charge up a depleted Chevy Volt battery.

To go roughly 45 miles.

That's about three cents a mile.

How far is your commute to work, Buster?

Could you make it there (and back home) on one charge in a Volt for $1.34, or would you have to use gasoline?
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How much do you think your electricity will cost when they implement Cap and Trade and close all of the coal fired Power stations?
 
Feb. 21, 2012, 6:07 a.m. EST
Iran + Oil + Consumer Weakness = Bull Market?

By Michael A. Gayed

"I am not a speed reader. I am a speed understander." - Isaac Asimov
With oil prices touching $105 a barrel on news that Iran is enacting an oil embargo on Britain and France, its natural to argue that escalating tensions could immediately be the next focus for investors, post-Greece. The bears will argue that oil prices now are on their way back up as fear gets priced in by traders and investors, while the bulls likely would argue that the supply disruption is minimal at best. After all, its been six months since Britain imported any oil from Iran to begin with, and France's energy consumption from Iranian imports is relatively minor.
Iran + Oil + Consumer Weakness = Bull Market? - MarketWatch
 
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