Oil Surges above $85/barrel
10-16-2007, 04:04 PM
#41
Gets Weekends Off
Joined APC: Apr 2007
Position: Flying the SEC
Posts: 2,350
Originally Posted by ewrbasedpilot
So why aren't these oil companies using their massive profits to build more refineries? 
The bigger question is why do you (collective you not directed and any individual) complain about profits? That is what companies are there for. If they make "obscene" profits then buy their stock. Get rich with them!
10-16-2007, 05:43 PM
#43
Gets Weekends Off
Joined APC: Jan 2007
Position: 737
Posts: 107
Originally Posted by Pilotpip
Does anybody remember what happened during the congressional inquiry about a year ago? The oil execs basically sat there and laughed at the questions.
And before anybody thinks I'm trying to bring politics into this against forum rules, I'm sure we'd all be paying $10 for a bottle of ketchup had the other guy been elected in 2004
It's all one, big disgusting buddy system.
And before anybody thinks I'm trying to bring politics into this against forum rules, I'm sure we'd all be paying $10 for a bottle of ketchup had the other guy been elected in 2004
It's all one, big disgusting buddy system.
Can you say Term Limits!!!!!
10-16-2007, 06:13 PM
#44
Gets Weekends Off
Joined APC: Mar 2007
Position: Capt
Posts: 3,215
Hi!
There is oil shale in N. America. To use it, however, we need to develp a hunge source of alternative energy. And, if we do that, we don't need the oil shale.
Why?
To turn the oil shale just in Canada into oil, we would have to burn ALL the available natural gas in ALL of N. America. Currently, that is the fuel they use to process the shale.
Globally, we are already short of natural gas, and we can't afford to waste it all on oil shale-that is why an alternative energy source is needed.
Renewable is the ONLY way to go for long term prospects for our survival. Sooner or later, we'll HAVE to use renewables, and the sooner we do, the less pain we'll suffer.
cliff
ABQ
There is oil shale in N. America. To use it, however, we need to develp a hunge source of alternative energy. And, if we do that, we don't need the oil shale.
Why?
To turn the oil shale just in Canada into oil, we would have to burn ALL the available natural gas in ALL of N. America. Currently, that is the fuel they use to process the shale.
Globally, we are already short of natural gas, and we can't afford to waste it all on oil shale-that is why an alternative energy source is needed.
Renewable is the ONLY way to go for long term prospects for our survival. Sooner or later, we'll HAVE to use renewables, and the sooner we do, the less pain we'll suffer.
cliff
ABQ
10-18-2007, 12:32 PM
#45
Line Holder
Joined APC: Jul 2006
Posts: 38
1 lb fuel has 3 lbs of CO2. Including production most fuels have more CO2 than jet fuel. Liquid Hydrogen from coal 3.3 times CO2 of oil based jet fuel, methane from coal 2.3 x, jet fuel from coal 1.8x, jet fuel from coal catching CO2 is about 1.5x, Bio jet .5x, liquid hydrogen from H2O and nuclear is the cleanest .1 time CO2 of oil. Bio soy jet fuel would require 5.7 sq km (Europe). Hydrogen from H2O would use about 3000 gallons of water per gallon on jet fuel. 1000gal/kelo fuel. I vote for coal. Its the next most clean and available. Coal jet fuel could be about $45 per barrel. Anyone got 10 billion for coal jet fuel plant?
10-18-2007, 12:57 PM
#46
Gets Weekends Off
Joined APC: Dec 2005
Position: 170 babysitter
Posts: 417
I'm glad someone mentioned the environmental laws. THIS is the reason we are sitting on these vast oil reserves yet we can't do anything about it. God forbid some caribou in Alaska might have to walk around some drilling platforms to sniff their share of the frozen tundra. Why don't we just start buying corn and wheat from Russia so some cows and bees can gleefully roam our vast midwestern plains without being disturbed.
10-19-2007, 05:32 AM
#47
On Reserve
Joined APC: Aug 2007
Position: Captain corporate
Posts: 16
A couple of the wealthier western states in both the money and resource category are wanting to go forward in the fuel from coal push. The problem is federal funding and a willingness to invest in such...
10-19-2007, 10:16 AM
#48
Gets Weekends Off
Joined APC: Jun 2005
Position: B737, Capt.
Posts: 384
Originally Posted by Pilotpip
Does anybody remember what happened during the congressional inquiry about a year ago? The oil execs basically sat there and laughed at the questions.
Who Really Profits From High Fuel Prices?
Federal Diesel Fuel Tax: 24.4
Maine Diesel Fuel Tax: 26.3
Total Government Revenues Per Gallon: 50.7 cents per Gallon
Federal Gasoline Tax: 18.4
Maine Gasoline Tax 25.9
Total Government Revenues Per Gallon: 44.3 cents Per Gallon:
Refining profit: 10¢
Transportation profit: 9¢
Marketing profit: 4¢
Total Oil and Gasoline Industry Profits Per Gallon: 23 Cents Per Gallon
Source on industry profit figures:
http://www.gravmag.com/oil.html
Disclaimer: I do not own any oil stocks (unless perhaps one of my mutual funds contains some)
10-19-2007, 11:26 AM
#50
Big Poppa
Joined APC: Apr 2006
Posts: 613
Originally Posted by RockBottom
And when Iran gets a military pounding courtesy of the US of A next year, you'll see oil skyrocket even higher. 2008 will be a tough year for the airline industry.
Thread
Thread Starter
Forum
Replies
Last Post
