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Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by StillwaterTownie
Why should drillling for oil in S. Dakota be in question?
It isn't. The oil cartels can drill there tomorrow if they want. There is no prohibition on it at all. It is just that Hannity needs something to gripe about because it is getting harder and harder for him to fill 4 hours a day with the same old crap repeated over and over.
The US government will never set up a national energy company involved in shale oil, synthetic fuel and renewables, subsidized by taxpayers.
It's not the government of the people, it's the government of world bankers, intellectuals and the petroleum industry.
Of course not ;they are not a private business. Besides they can screwup anything .Look at the soviets;they are now a world power in oil now that they let private enterprise do it. When they were socialist and the gov't control oil production they went bankrupt.Even the chinese have figured this out and allow private enterprise and their economy is boom now.Everyhting the governamnt does runs over budget by 80-400%.
The good old US of A has put so many restrictions on oil refineries that there have been no refineries built in the last 20 years. They are getting ready to build a refinery in Elk Point South Dakota. The cost??? In order to meet the requirements? $10 billion. That ain't going to help the cost of fuel.
However, with the current demand, and the fact that about 70% of our current wells are capped and not producing squat. The refineries are full. They can't take anymore oil. They are operating at max capacity and have crude trucks backed up for blocks. Pipelines are full. The refinery is maxed out and has plenty waiting to be refined.
So if we drill new wells, in South Dakota or wherever, what are we going to do with those wells? Cap them and wait for more refineries to be built.
I, personally, believe that they should relax some standards that they've put into place so we can get through this gas crunch. (Cost wise) That would allow more refineries to be built. Then, allow them to be built with the understanding that they will meet current standards over a 10 year period.
You seem to be ignorant about the amount of expansion going on at refineries on the gulf coast. One area in Texas as 15 billon dollar expansion of refineries and will be the biggest in the USA and double output capacity. Why was there no new refineries;because refining was not profitable from the mid 70's until 2003. That siswhy so many refineries were sold multiple times.The money is and has always been in the crude and refining has always been a method of bring the oil to a product that can be sold. Most think that building a new refinery is not econoically feasiable because of recovering cost. The fact is that thre is plenty of refining capacity in the world and oil is a world business now.Of course no body can venture a estimate within reason what a new refinery would cost. A example of those capped oil wells was near my house in what was once the biggest texas find that was just uncapped at a cost of 1/2 million to put back into production. Yield: 15 barrels a day.There are tons of those old wells capped because the cost to recover is too high.We need to drill not for the present because we are years to late for thast;but for the future when it is estimated that china alone could use all the crude production capacity of today.
So why hasn't a new refinery been built in the U.S. since 1976?
"There have been calls every year this decade for new refining capacity, yet no new projects initiated," said Geoff Sundstrom, a spokesman for AAA, the motorist organization. "Refining capacity has not kept pace with demand for gasoline."
Correct thus the cost of diesel. Diesel is reletively cheap to refine as compared to gasoline. But due to limited refinery capacity, the extreme variation in state to state requirements for gas our systems are over taxed. We for allegedly being at 88% are importing a huge amount of refined fuel. The imported fuel is often of low quality. We have a few closed naval bases which would make ideal sights for new modern refineries. We the people ie the US Gov. could lease the bases to the oil companies. Put restrictions on them.
1. They must pay to clean up these eye sores.
2. Require that a set % of profits be used in developing alternative fuels.
I say yes, it's great economic opportunity for them!
Beats getting it from foreigners...
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