Search
Notices
Hangar Talk For non-aviation-related discussion and aviation threads that don't belong elsewhere

2006 record profit

Thread Tools
 
Search this Thread
 
Old 02-01-2007, 01:15 PM
  #11  
Gets Weekends Off
Thread Starter
 
Joined APC: Jan 2006
Posts: 345
Default

[QUOTE=ryane946;111320]Here is a list of countries with the largest (proven) oil reserves in the world:
1. Saudi Arabia
2. Canada
3. Iran
4. Iraq
5. Kuwait
6. United Arab Emirates
7. Venezuela
8. Russia
9. Libya
10. Nigeria

QUOTE]


I agree Opec is a major problem. They have been controlling world oil supply since the 1970's. Their power has been erroding latley though, due to the #2 country on that list. Canada supplys more oil to the united states then any other single country. With over 80% of canadian oil reservers located in America friendly Alberta, so it bypasses the canadian federal government. The way it goes is Alberta sells as much oil as the US will buy, then sells the rest in province, any remaining gets sent out to the easterners. Alberta has made it clear that the US will get as much oil as it wants.
So I cant lie, i havnt done to bad by big oil. Alberta has more money then they kno what to do with, so they mail us all $400 a year. To give an idea of how much money is generated in oil, Alberta collects over $10 billion a year in oil Royalties!!!!!

It does take alot of investment by these oil companies to get the oil however. It is estimated at $50-100 billion worth of projects are required to extract oil from the oil sands in Alberta.

Last edited by Linebacker35; 02-01-2007 at 01:21 PM.
Linebacker35 is offline  
Old 02-01-2007, 01:48 PM
  #12  
With The Resistance
 
jungle's Avatar
 
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Default

[QUOTE=Linebacker35;111331]
Originally Posted by ryane946 View Post

QUOTE]




It does take alot of investment by these oil companies to get the oil however. It is estimated at $50-100 billion worth of projects are required to extract oil from the oil sands in Alberta.

There you go, eh. A perfect example of industry stepping up to the plate and providing the needed technology and skill without the help of a Central Planning Committee staffed by members of the Politburo.
And it pays too!
Gosh, that's almost exactly the amount someone suggested we should be taxed.
jungle is offline  
Old 02-01-2007, 02:28 PM
  #13  
Gets Weekends Off
 
RedBaron007's Avatar
 
Joined APC: Oct 2006
Position: E-190 Leftist
Posts: 300
Default

The fact that these absurd profits are at a company which makes its money selling a substance that when burned has the effect of creating global climate change is problematic to me. I understand that it is not the company's fault (far from it in fact) that burning oil causes pollution, but any company with such insanely large profit margins should do something for the betterment of mankind.

It makes sense to me that a percentage of such outrageous profits made by oil companies should be invested in renewable energy and technology that reduces carbon emissions in addition to other initiatives that would reduce man's footprint on the earth. Furthermore it would wean the US off of foreign oil, while simultaneously addressing the problem of global warming. I would argue that any taxes charged to oil companies because they have such insane profit margins should be used to reduce carbon emissions and make the United States more environmentally friendly in general. In this case a tax makes more sense because oil companies tend to not have an incentive to invest in renewable resources (although it would make sense to get a market in the renewable energy market since over time it is bound to eat into the oil companies' market share - why not pick the market up yourself, if you're going to lose another one).

Perhaps airlines could even get into the game and do more to reduce emissions (even though I'd argue airplane's emissions are small, and why not reduce the very dirty industries first), like Virgin Atlantic has when it looked into tugging airplanes to the runway and starting engines there.
RedBaron007 is offline  
Old 02-01-2007, 02:35 PM
  #14  
With The Resistance
 
jungle's Avatar
 
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Default

Oh yes, 11% is insanely large.

And Virgin Atlantic is just the thing to help you find a really good job in the Airline industry.

Sounds like you've been reading Al Bores book.
jungle is offline  
Old 02-02-2007, 06:19 AM
  #15  
Gets Weekends Off
 
RedBaron007's Avatar
 
Joined APC: Oct 2006
Position: E-190 Leftist
Posts: 300
Default

Originally Posted by jungle View Post
Oh yes, 11% is insanely large.

And Virgin Atlantic is just the thing to help you find a really good job in the Airline industry.

Sounds like you've been reading Al Bores book.
I agree that Virgin isn't a model of the best airline, but I just offered that as a suggestion because it seemed like a progressive, forward-thinking initiative (the concept of which was not just to reduce emissions but also reduce operating costs - less jet fuel burned=less money spent).

Say what you will about Al Gore, but at least he uses science to back up his argument, which is more than can be said for the "global warming is a hoax" nuts.
RedBaron007 is offline  
Old 02-13-2007, 03:42 PM
  #16  
Gets Weekends Off
 
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Default

Originally Posted by RedBaron007 View Post
Say what you will about Al Gore, but at least he uses science to back up his argument, which is more than can be said for the "global warming is a hoax" nuts.

HOUSE HEARING ON 'WARMING OF THE PLANET' CANCELED AFTER SNOW/ICE STORM
HEARING NOTICE
Tue Feb 13 2007 19:31:25 ET

The Subcommittee on Energy and Air Quality hearing scheduled for Wednesday, February 14, 2007, at 10:00 a.m. in room 2123 Rayburn House Office Building has been postponed due to inclement weather. The hearing is entitled “Climate Change: Are Greenhouse Gas Emissions from Human Activities Contributing to a Warming of the Planet?”


SAVE IT FOR A SUNNY DAY: Maryville Univ. in St. Louis area cancelling screening of Al Gore's 'Inconvienent Truth' because of a snowstorm...

Should have scheduled these for July. I know, I Know, record snow storms are a sign that global warming results in violent extremes yada,yada,yada.

Last edited by FDXLAG; 02-13-2007 at 04:50 PM.
FDXLAG is offline  
Old 02-13-2007, 04:30 PM
  #17  
With The Resistance
 
jungle's Avatar
 
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Default

Originally Posted by RedBaron007 View Post
Say what you will about Al Gore, but at least he uses science to back up his argument, which is more than can be said for the "global warming is a hoax" nuts.
I thought I smelled Al Bore on you. There are many types of science. Objective independent, funded, and funded with the objective of furthering a specific agenda.
Right after he invented the internet and lost the election, Al's contributions to Global warming stepped up mightily in an effort to get his rotund self back into the public eye. Some of you fell for it.
jungle is offline  
Old 02-13-2007, 04:50 PM
  #18  
Gets Weekends Off
 
ryane946's Avatar
 
Joined APC: Dec 2005
Position: FO, looking left
Posts: 1,057
Default

FDXLAG and jungle, you guys are idiot's.

First, global warming heats the ocean. If you watched Al Gore's movie, you would know that ice REFLECTS 90% of sunrays, while water ABSORBS 90% of sunrays. So as the earth gets warmer, the polar ice caps melt. Then you get exponential heating. Warmer oceans means more violent storms! Look up what a hurricane is incase you do not know.


I CHALLENGE both of you, FDXLAG and jungle, and anyone else who has not see the movie:
An Inconvenient Truth
to see it. I CHALLENGE anyone who has not seen it to take 90 minutes out of their lives and listen to some scientific facts. You will be a little more educated by the end.
ryane946 is offline  
Old 02-13-2007, 04:56 PM
  #19  
Gets Weekends Off
 
Joined APC: Nov 2006
Position: 767 FO
Posts: 8,047
Default

Originally Posted by ryane946 View Post
FDXLAG and jungle, you guys are idiot's.

First, global warming heats the ocean. If you watched Al Gore's movie, you would know that ice REFLECTS 90% of sunrays, while water ABSORBS 90% of sunrays. So as the earth gets warmer, the polar ice caps melt. Then you get exponential heating. Warmer oceans means more violent storms! Look up what a hurricane is incase you do not know.


I CHALLENGE both of you, FDXLAG and jungle, and anyone else who has not see the movie:
An Inconvenient Truth
to see it. I CHALLENGE anyone who has not seen it to take 90 minutes out of their lives and listen to some scientific facts. You will be a little more educated by the end.

What are you talking about I believe. When those scientist say that the earth has not warmed up at all since 99 I said see the movie. When they point out the the eastern part of antartica is cooling I said see the movie. When they point out the earth has heated up and cooled down thousands of times in the last couple million years I said see the movie. I'm with you. When my wife said lets get a heater for the pool I said see the movie. Of course when she said why do you need such a big truck I said what global warming.

Lag
FDXLAG is offline  
Old 02-13-2007, 05:22 PM
  #20  
With The Resistance
 
jungle's Avatar
 
Joined APC: Jan 2006
Position: Burning the Agitprop of the Apparat
Posts: 6,191
Default

[QUOTE=ryane946;118071]FDXLAG and jungle, you guys are idiot's.

Nice, call us both idiots because we have seen plenty of facts to counter the Bore version of the truth. It is a complicated subject that can't be covered in 90 minutes like some cute TV sitcom. There is a clear disagreement in the scientific community on the causes and effects. I don't know the answer, you don't, scientists don't and Al Bore doesn't care as long as he gets camera time.
I am not going to call you an idiot, and it isn't my job to educate you with 90 minute films.
jungle is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
AAflyer
Major
24
01-23-2007 12:39 PM
Sir James
Major
6
10-04-2006 03:29 AM
RockBottom
Major
5
07-30-2006 08:25 PM
Sir James
Major
0
10-25-2005 11:40 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices