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| Awareness & Politics Constructive discussion only. No flaming, no bashing. |
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| | #16 (permalink) | |
| Join Date: Oct 2007 Location: I'm always fresh and full of cream filling!
Posts: 1,852
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Its not much of an energy plan at all. I think the ecconomy is fucked up because we mess with it soooo much. If they would just let it come to equilibium it wouldn't be a problem. Trying to keep gas/energy at a price that is to low is only going to cause trouble when it rebounds to the place it should be. Much like what we have now. I do the thing price of gas is to high just so oil guys can drill new wells. Our for fathers set out a plan not to drill there for a reason, and they were pretty smart guys. We all know bush isnt smart be damn sure he is going to be rich. | |
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| | #17 (permalink) | ||
| Property of Karen Join Date: Jul 2001
Posts: 15,874
| Thank you.
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| | #18 (permalink) | |
| Join Date: Jan 2005
Posts: 1,618
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__________________ HOUSTON: 77002.COM/NIGHTCULTURE UMF COLLECTIVE (MIAMI) STRING THEORY RECORDINGS WWW.JUNKYTEES.COM WWW.77002.COM for Houston events Click this to get my latest promo mix: http://overloaded.org/locklear/audio...u_Get_Home.mp3 | |
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| | #19 (permalink) | |
| Join Date: Jan 2005
Posts: 1,618
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__________________ HOUSTON: 77002.COM/NIGHTCULTURE UMF COLLECTIVE (MIAMI) STRING THEORY RECORDINGS WWW.JUNKYTEES.COM WWW.77002.COM for Houston events Click this to get my latest promo mix: http://overloaded.org/locklear/audio...u_Get_Home.mp3 | |
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| | #20 (permalink) | |
| Join Date: Jan 2005
Posts: 1,618
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Your claim about spills in the gulf is pretty exaggerated. http://www.msnbc.msn.com/id/9365607/ "Offshore oil As for oil wells in the Gulf of Mexico, Paskewich said the Coast Guard has fielded no reports of offshore spills there, though leaks could spring when the thousands of oil platforms and hundreds of miles of pipeline are restarted. Last year, Hurricane Ivan was responsible for oil spills in the Gulf, he said. Paskewich dismissed suggestions by an environmental advocacy group that satellite photos showed some 7,000 square miles of oil floating in the Gulf, saying numerous flyovers revealed only minor sheening. Skytruth, a group that uses satellite imagery to track environmental damage, says extensive oil slicks are visible in areas of the Gulf raked by hurricane-force winds. “Daily overflights are being conducted to find the real truth of what’s going on,” Paskewich told Reuters. “As for now, I am confident that we have not received any reports of significant oil spills offshore.” I live on the coast, work on the coast in the Oil and chemical industry and am closely associated with the EPA, DOT, Coastguard, and OSHA. I have yet to see where any oil spill is effecting the Gulf today. You're time would be better spent looking into the real reason the Gulf is having problems. Most of which can be attributed to fertilizer runoff and sewge seapage from not only New Orleans and Katrina, but from most of the Gulf coast east of the Sabine river because of antiquated piping and process from old treatment plants. Thats the word down here in the industry. Truth. Oh and by the way .....your claim about it taking ten years to drill a meaningfull well is the worst speculation I have heard to date. The industry would go broke if that was the case and no one would be able to afford to drill for oil. And just the mere mention of us lifting the moratorium from the presidents office on drilling has effected the price of oil drasticly. Dropped at least twenty dollars a barrel the week Bush announced it and gas prices have been steadily falling since(thank you President Bush). Oil futures are trading at 119.00 a barrel for Sept. delivery I believe. The word is that it could drop below 100.00 a barrel by the end of the year if Pelosi and Reid would quit blocking the vote on an energy policy with thier stupid claims of "Im saving you're planet". lolllzzzzz. And........our competitors like China and Russia are not stopping thier drilling off our coasts. Dont you think we should do something about that and get off our ass's and drill. I mean hell, I dont hear you protesting thier drilling practices. Why only pick on your own country? The left mentality on this is beyond me and only shows me one thing. Your all all hopeless, selfish and have no clear workable vission or solution. Sorry. Dont take it personally. But you guys are way wrong on this and it will be the undoing of any progress the left thinks they are making in FORCING this agenda down the throats of people who know better. Good luck with that in November. Im out.
__________________ HOUSTON: 77002.COM/NIGHTCULTURE UMF COLLECTIVE (MIAMI) STRING THEORY RECORDINGS WWW.JUNKYTEES.COM WWW.77002.COM for Houston events Click this to get my latest promo mix: http://overloaded.org/locklear/audio...u_Get_Home.mp3 | |
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| | #21 (permalink) | |||
| an apparition Join Date: Jun 2005
Posts: 31,184
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If new home demand was high and the supply of builders static coupled with a high cost for lumber bringing down the cost of lumber would bring down the cost of new home building despite the lack of new builders. This isn't to say that new builders would help even more but it is to say that more lumer would bring some relief in cost of end product. | |||
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| | #22 (permalink) | |||
| Property of Karen Join Date: Jul 2001
Posts: 15,874
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Lumber isn't worth shit if you can't get the trees cut down & to the stores. The cost of lumber has never been due to a lack of raw materials, it's been the lack of - to steal a term - refining capacity. Lumber demand brought prices up because the mills couldn't keep up with demand, not because of a perception of scarcity of trees. It's not like making an announcement that we're opening up Yosemite to tree harvesting will bring down lumber prices any more than making an announcement that we're opening up ANWR/offshore drilling will do a thing to oil prices.
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| | #23 (permalink) | ||
| an apparition Join Date: Jun 2005
Posts: 31,184
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So too will the refiner buy the cheaper oil rather than the more expensive oil even if he's got back-orders on refining. Quote:
umber isn't worth shit if you can't get the trees cut down & to the stores. The cost of lumber has never been due to a lack of raw materials, it's been the lack of - to steal a term - refining capacity. Lumber demand brought prices up because the mills couldn't keep up with demand, not because of a perception of scarcity of trees. It's not like making an announcement that we're opening up Yosemite to tree harvesting will bring down lumber prices any more than making an announcement that we're opening up ANWR/offshore drilling will do a thing to oil prices.[/quote] well then call them widgets huh Mr. Mellon? The issue is that even with static production capabilities lowering the cost of production (by lowering the cost of raw materials used in production) lowers the cost to consumer. edit: Jonny, I said nothing more controversial than, all other things being equal, reducing the cost of production (through reducing cost of reaw materials) has the tendency to reduce the cost of the finished product. Further, that a refinery may have all the oil on hand currently that I can refine doesn't mean that it won't, in the future, when it has refined that oil, need more oil.... hence the reason I refer to oil futures. That the number of refiners is finite is not relevent to what the oil futures trade at... only as to production capacity which certainly plays a role in cost. Neither is exclusive but held in isolation we can predict what effect such a change will likely have on the cost of the end product. To make a concrete example rather than an anology. One of the things that SW Airlines did to remain competitive was to hedge fuel costs and buy a large quantity of fuel futures - years worth. More than their capacity to currently use (or to be analogous - refine) or their capacity to store. However, having paid for the future delivery of fuel at a given cost (well below market) has helpled keep SW competitive. So too does buying oil futures at a lower price tend to have a similar effect on the cost of the finished product gasoline. Last edited by St. Stalin the Apathetic; 08-04-08 at 11:47 AM. | ||
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| | #24 (permalink) | |
| Join Date: Oct 2007 Location: I'm always fresh and full of cream filling!
Posts: 1,852
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I'm not talking about washington. They didn't even hace cars back then. The leaders before us are our fore fathers. Not to many rich guys say,"hey I made 10 million dollars and it will last me the rest of my life so I'm going to just stop making money." I think the more money people make, the more they think they need to make. | |
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| | #25 (permalink) | ||
| Property of Karen Join Date: Jul 2001
Posts: 15,874
| And your point is null & void because lumber isn't traded on a global commodity market like oil is. You can't lower the cost of oil in the same ways you lower the cost of lumber.
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| | #26 (permalink) | |
| Join Date: Apr 2005
Posts: 1,514
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__________________ Look, fellas. I made you your very own fish stick kitties. | |
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| | #27 (permalink) | |
| an apparition Join Date: Jun 2005
Posts: 31,184
| Quote:
And, yes, they are analogous.... all things being equal, increase the supply and you'll cause a drop in price without regard to the product. edit: Jonny, I said nothing more controversial than, all other things being equal, reducing the cost of production (through reducing cost of reaw materials) has the tendency to reduce the cost of the finished product. Further, that a refinery may have all the oil on hand currently that I can refine doesn't mean that it won't, in the future, when it has refined that oil, need more oil.... hence the reason I refer to oil futures. That the number of refiners is finite is not relevent to what the oil futures trade at... only as to production capacity which certainly plays a role in cost. Neither is exclusive but held in isolation we can predict what effect such a change will likely have on the cost of the end product. To make a concrete example rather than an anology. One of the things that SW Airlines did to remain competitive was to hedge fuel costs and buy a large quantity of fuel futures - years worth. More than their capacity to currently use (or to be analogous - refine) or their capacity to store. However, having paid for the future delivery of fuel at a given cost (well below market) has helpled keep SW competitive. So too does buying oil futures at a lower price tend to have a similar effect on the cost of the finished product gasoline. | |
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| | #28 (permalink) |
| Join Date: Nov 2004 Location: Dallas
Posts: 7,884
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you are both right. increasing supply by any noticeable margin will bring a bbl price down just due to the simple nature of greater supply in the chain. the key here is remembering that RBOB gasoline is traded as a separate distillate entity and although they have direct correlation it isnt 1:1. this is where i think D and X are at odds. greater oil supply will bring the price of gas down by a certain degree because the cost of pressumed production ($/bbl) is less. based on a decrease in production pricing the futures markets and spot markets for refined gas will go down. BUT because of our very tight refining capability we may not see as direct of a pricing drop based on american demand for gas and our ability to produce it to meet demand. essentially you have a lower price for the start product at odds with ever increasing demand for the end products with tight capacity to produce that end product. this also can stretch into the fact that refiners have to produce dozens of 'blends' for different parts of the country but thats a whole other part of the equation. touching on the katrina deal. while oil did have a spike because of our domestic supply it wasnt nearly as severe as what our gas futures traded at. so in that extreme example you had somewhat static oil supply with crippled capacity to refine it. gas pricing shoots through the roof while oil remains stable. while oil has risen (at its 147$ peak) some 90% since katrina... gas pricing is about right where we were days after the storm (4$/gl)
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