If you truly want to see gas prices go down..., page 1
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reply posted on 18-5-2006 @ 07:23 AM by Thousand
Way to Deny Ignorance, buddy.

Originally posted by geekboy
For starters we need to create our own oil

Out of what? Do you have any idea of how incredibly difficult and cost/time intensive making your own petrochemical oil is? You'd be better off switching everything to hydrogen.

Originally posted by geekboyand we need with draw from OPEC

Better make sure your country is even a member of OPEC before you try to withdraw from it.

Originally posted by geekboy we need open up the reserves not matter how many democrates and tree huggers get in are way

You mean the Alaskan oil fields? You realize they only hold enough oil to last the US roughly 2.5 years? Great deal of help that will be.

Originally posted by geekboyand the oil rtefineries need to be a full production or we need more of them.

Refineries have very little to do with the issue of gas prices, as they're held by the oil companies. The real culprit is the oil itself and the price being paid for it. Building new refineries will help drop fuel prices just as much as you buying a new car will.

Originally posted by geekboyIts not the oil companies but its the Arabs.

Beautiful blanket statement, you make all of us here very proud. How about getting some sources, hard numbers, or even some half-factual evidence before you start spewing biased nonsense?

Originally posted by geekboy We should also look into alternate energys. There you go.

That's the one statement you've made that makes even a touch of sense. Alternate energy sources are our only way out of this mess. Please go read up on them.

What a truly inspiring thread! This master plan of yours is airtight. By following these few easy steps we should be out of the woods in no time (which is good, because the woods are filled with tree huggers)

Oh, by the way, just what the heck is a Rebulican?


reply posted on 25-5-2006 @ 06:31 PM by CCB299
Seeing as how oil is a freely traded commodity, it'd be kind of hard for oil companies to determine the price.

I will say this though, I'm offshore at the moment (in the Gulf of Mexico) and the client rep we have on board says that within the past 5 years for an oil company just to break EVEN, oil has to be $18/barrel.

Yes, they are reaping record profits. That still doesn't mean they aren't having average earnings. They only profited 10% last year, compared with banking and pharmaceuticals who are more like 20-30% (last I checked).

Also, people need to take into account that it takes on average around $1 BILLION dollars to develop a new field in the GoM. I've seen rigs that cost over $2 BILLION.

I've seen people mention something of reserves... I know that techonology is still developing that will allow for deeper exploration and deeper drilling. They haven't even looked in super ultra deep water (greater than 10,000' of water). I was just on a job that some of the majors are re-exploring shallow water areas for more natural gas only because they didn't have the technology to do so before.

You also have to keep in mind how much it cost to have work done out here. I'm on a vessel right now that charges around $100,000 per day to operate, not to mention any other equipment needed. We installed some clamps to stop some gas leaks a few weeks ago, and those clamps ranged in price from $15000 to $90000 each.

And when a dang grocery store charges you $1.88 for one 20oz bottle of Gatorade, you know something is wrong.
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