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Old 01-20-2018, 11:25 AM
 
Location: Wyoming
9,170 posts, read 16,529,270 times
Reputation: 13369

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^^^^^
Jobster,
Fewer "reserves" is based mostly upon the lower price of oil, gas, coal. From your link: "Proved reserves are estimated volumes of hydrocarbon resources that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.

Reserves estimates change from year to year as new discoveries are made, as existing fields are more thoroughly appraised, as existing reserves are produced, and as prices and technologies evolve."


This is why production is down. It's not economically feasible to produce much of our oil and gas when their prices are low. And it's why the reserves are going down, not because the oil is disappearing, but because if it costs more to produce a barrel of oil than what it sells for, it's no longer a reserve. Get it?

If gasoline were to suddenly start selling for $4-$5 per gallon tomorrow, our reserves and production would skyrocket. In my neck of the woods, if a barrel of oil sells for $45, not many wells will be drilled, and many of those already drilled will be shut down, often closed up completely. If they don't get enough income from their barrel of oil to pay expenses, oil companies aren't going to produce oil. Some fields can make a small profit with $40 oil, some require $60 oil.

It's no different than farming and ranching. We don't plant much grain Wyoming, not because it won't grow, but because it won't produce enough to pay for the expenses of planting and harvesting it. Iowa farmers can make money on it with relatively low prices (except that land values are much higher), but even in the highest producing areas, there's a price at which it's not financially feasible to plant.

I'm not an expert, but this is my understanding. If I'm mistaken about any of this, please correct me and point out where I'm wrong.

 
Old 01-20-2018, 05:51 PM
 
4,745 posts, read 2,266,022 times
Reputation: 8813
Quote:
Originally Posted by Jobster View Post
I've been saying this based on the economics since maybe 2014
Exactly, an "impending" crisis that manages to impend for years.

Quote:
Originally Posted by Jobster View Post
Then let me know if this shouldn't be a primary concern.
Without even looking at numbers I can tell you why: because you've always been wrong so I'll go with the odds that is continuing. Flippancy aside, something being a concern and something being a crisis are two entirely different things. Of course we need oil.
 
Old 01-20-2018, 05:56 PM
 
25,836 posts, read 49,741,556 times
Reputation: 19297
Quote:
Originally Posted by LowonLuck View Post
A welfare program of some type will always be necessary. We will never move towards a donation type system as a society.

I have a very ill teenager that has been in and out of the hospital for the last 6 months. She can't go to the local hospital for treatment for her condition. She has to go to a pediatric hospital in a big city, a good hour commute from our house. Parking, gas, food, and lost wages are all a significant cost factor. Her stays are usually a week at a time. That is a week of missing work so I can be with her for the treatments.

No one has offered financial help in any way. People do not give to everyone in need. They pick and choose who to give to and who not to. A welfare program gives to everyone that qualifies based on need. Not who has a better story, or news coverage.
A couple of guesses... people are not as likely to step up with help since there are many assistance programs funded through tax dollars... in my county it provides health insurance, housing vouchers, food assistance, etc... these were all unheard of during my Great Grandmother's time.

Back then... each community had faith based organizations... many of the large hospitals were faith based and some staffed by religious... such as nuns... there were also parents that gave up parental rights so the child became a ward... pretty drastic but it happened.

We still have them faith based/charity... look at St Jude or similar where no family pays... I have volunteered with Shriners for screenings and also at the family clinic in my city... kids are priority there.

I personally know a young single Grandmother of 32 with a 15 year old daughter living in Section 8 housing that gave birth to a premature baby boy with severe heart defect... that child has had the finest of medical care at Standford Hospital... many operations the first 10 years of his life... and each visit the family stayed without cost at the Ronald McDonald house...

The medical care this child received is about a million dollars... happy to say he is a healthy and active teen...

Last edited by Ultrarunner; 01-20-2018 at 06:26 PM..
 
Old 01-20-2018, 06:24 PM
 
5,181 posts, read 1,555,330 times
Reputation: 4997
Quote:
Originally Posted by Ultrarunner View Post
A couple of guesses... my Great Grandmother told me that people are not as likely to step up with help since there are so many assistance programs funded through tax dollars... in my county it provides health insurance, housing vouchers, food assistance, etc... these were all unheard of during her time.

Back then... each community had faith based organizations... many of the large hospitals were faith based and some staffed by religious... such as nuns... there were also parents that gave up parental rights so the child became a ward... pretty drastic but she said it happened.

We still have them... look at St Jude or similar where no family pays... I have volunteered with Shriners for screenings and also at the family clinic in my city... kids are priority there.

I personally know a young single Grandmother of 32 with a 15 year old daughter living in Section 8 housing that gave birth to a premature baby boy with severe heart defect... that child has had the finest of medical care at Standford Hospital... many operations the first 10 years of his life... and each visit the family stayed without cost at the Ronald McDonald house...

The medical care this child received is about a million dollars... happy to say he is a healthy and active teen...
lots of people who are responsible, work, don't use welfare cannot get care at Stanford.

I think you posted this as a feel-good story, but I'd guess it makes most people that work for a living pretty angry.
 
Old 01-20-2018, 06:34 PM
 
25,836 posts, read 49,741,556 times
Reputation: 19297
Quote:
Originally Posted by phantompilot View Post
lots of people who are responsible, work, don't use welfare cannot get care at Stanford.

I think you posted this as a feel-good story, but I'd guess it makes most people that work for a living pretty angry.
Just relating one of many to prove a point... having no means does not preclude obtaining the finest Health Care...

In my county... the largest provider of charity Health Care was run my nuns... they had decades of giving and truly served a real need... so much so that for profit hospitals and HMO would donate significant resources to aid.

Sadly, the sisters were unable to find a work around the family planning decree... as it violated their fundamental beliefs... the story below highlights their efforts and now with the Sisters leaving a huge void has been created.

Hayward's ailing St. Rose Hospital gets county aid - SFGate
 
Old 01-20-2018, 06:43 PM
 
5,181 posts, read 1,555,330 times
Reputation: 4997
Quote:
Originally Posted by Leisesturm View Post
One day there may be a cure for AIDS, but no one is holding their breath. Maybe Cancer. Possibly Diabetes?
AIDS is largely a lifestyle disease...the lifestyle practiced by people that either are, or have sex with, men who have sex with men, and IV drug users. Lifestyle factors are also causal for some cancers, and some cases of Adult Onset Diabetes. There are also genetic aspects to cancer and diabetes. So patient education aimed at prevention is an effective "cure" of millions of cases per year, globally.
Quote:
Originally Posted by Leisesturm View Post
It won't matter to anyone reading this because of this I am certain: none of us will be able to afford it! And that's with "Socialist Medicine". If Socialist Medicine goes away this country goes away even faster than its going now and it's going. America is officially losing more people every day than are born.
Wrong. That is false. The birth rate and immigration rate far outstrip the death rate, even with the spike caused by the deaths of the largest generation in American history (the Boomers). https://www.census.gov/popclock/

Quote:
Originally Posted by Leisesturm View Post
I'm not the one who decided that a doctor should be compensated at $1000/hr. or that common analgesics should be priced like Cancer drugs.
Would you be open to the idea that socialized medicine is one cause of that? Its that way because hospitals have been trying to find a way to spread the costs of "uncompensated care" amongst people that actually pay for the services that they use.
 
Old 01-20-2018, 08:01 PM
 
8,297 posts, read 3,460,242 times
Reputation: 1588
Quote:
Originally Posted by phantompilot View Post
lots of people who are responsible, work, don't use welfare cannot get care at Stanford.

I think you posted this as a feel-good story, but I'd guess it makes most people that work for a living pretty angry.
Most conservatives, being a fairness issue.

Liberals enjoy helping others. An empathy issue.
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