The Truth About Gas Prices (Canada, solution, cost, politicians)

[Blue Grass Fever]

Here is the editorial - THE TRUTH ABOUT GAS PRICES

Interesting perspective!....

There is no energy crisis. There is a political crisis, and it’s getting worse rather than better.

The author's sumnation is telling....

[rlchurch]

It's pretty much bull but what the heck. Editorials aren't subject to fact checking.

[Blue Grass Fever]

Originally Posted by rlchurch

It's pretty much bull but what the heck. Editorials aren't subject to fact checking.

So what is your perspective/opinion on that matter?

Would you say he has but a piece to the puzzle in regards to the gas prices?!

[Alaskagrl]

Great post/article; most of it's probably true.

It is possible to believe in getting to our own fossil fuels and development of alternative energy at the same time, btw.

Get the politicians out of our way and let us drill, drill, drill!

[ParkTwain]

hahahaha hahahaha

[NewToCA]

Originally Posted by Blue Grass Fever

So what is your perspective/opinion on that matter?

Would you say he has but a piece to the puzzle in regards to the gas prices?!

I'll lift this off a posting I made in a different thread, it is a good fit here too:


I believe that the cost is going to come down pretty rapidly, and our drilling will only be part of the greater short term solution.

Canada's Alberta region has a load of oil sand, enough to meet the growing world needs for decades (and perhaps a century). Canada wants the royalties from this oil. The problem is time lag, the prices are high enough today to make extracting this very profitable and attractive, but the equipment needed to extract in sufficient quantities isn't fully operational yet. The per barrel cost to extract and process this oil sand into a finished product is estimated as follows (Pg 17 for those not inclined to read the entire report):

For in situ bitumen production, estimated costs ranged from $4.82- $8.57/bbl for investment, and (excluding taxes and royalties) $13.81- $15.47/bbl for total production.

A resource whose time has come? The Alberta oil sands as an economic resource. | Energy & Utilities > Oil & Gas Industry from AllBusiness.com (http://www.allbusiness.com/energy-utilities/oil-gas-industry-oil-processing/8887796-1.html - broken link)

[rlchurch]

Originally Posted by Blue Grass Fever

So what is your perspective/opinion on that matter?

Would you say he has but a piece to the puzzle in regards to the gas prices?!

The amount of hydrocarbons untapped in the lower 48 is pretty modest. Even tapping ANWR adds only about 1 million barrels per day to the mix. I'm not opposed to an approach that responsibly taps these undeveloped reserves, but supply isn't the current problem, it's run away consumption in the United States. We will have to change our habits -- dump the gas hog SUV, aggressively pursue plug-in hybrid vehicles, continue to increase energy conversion efficiency across the board, and begin to think about sustainability as a strategy.

[Alaskagrl]

I would really like to know where your stat about ANWR came from, church ol' buddy!

See, the USGS seems to believe that:

These distributions were restricted to potential accumulations larger than 50 million barrels of oil (MMBO) in-place so that the assessment would not be influenced by smaller accumulations that are non-economic in most cases on the North Slope. Please see link for entire scientific study:

Arctic National Wildlife Refuge, 1002 Area, Petroleum Assessment, 1998, Including Economic Analysis

They actually had to RESTRICT study areas to 50 or greater million barrels of oil! Do you know how many study areas there are in/near ANWR? Check out the map. End result: barrels of oil in the BILLIONS, not millions. Do some research for god's sake.

[rlchurch]

Originally Posted by Alaskagrl

I would really like to know where your stat about ANWR came from, church ol' buddy!

See, the USGS seems to believe that:

These distributions were restricted to potential accumulations larger than 50 million barrels of oil (MMBO) in-place so that the assessment would not be influenced by smaller accumulations that are non-economic in most cases on the North Slope. Please see link for entire scientific study:

Arctic National Wildlife Refuge, 1002 Area, Petroleum Assessment, 1998, Including Economic Analysis

They actually had to RESTRICT study areas to 50 or greater million barrels of oil! Do you know how many study areas there are in/near ANWR? Check out the map. End result: barrels of oil in the BILLIONS, not millions. Do some research for god's sake.

See the capacity of TAPS, Eskimuddle.

[Alaskagrl]

I'm not ashamed to admit I have no idea what your last retort meant, Churchie!