Skip to main content

The USA doesnt need any more oil, we are exporting about 400,000 barrels per day of finished gasoline, which explains why US gasoline prices are about $0.50 higher than the price of crude would ordinarily dictate. 

We dont need anymore stinking oil

 

 

http://www.cleveland.com/busin..._are_rising_for.html

Original Post

Replies sorted oldest to newest

Like I have said before, more of drill baby drill will not lower the cost of gas at the pump.

The quicker we can get away from dependence on the limited number of oil companies, the better off we will be, but that will be extremely difficult to do. Take bio-diesel for instance - who owns the pumps ? , do you think they would be willing to put on the market something that is less expensive than their oil product ? Although the diesel engine runs just as well on bio diesel, why do a lot of auto manufactures void the warranty if you run their car on it ? 

I have no idea what the answers are, but control of the commodities market  is a damm good place to start.

Seeweed, I have to agree with Skippy about the biofuels. They are just plain bad for cars, at least the way cars are built now. (I recently had to have my fuel pump replaced after putting in corn gas by mistake.) Someday, maybe they can build an engine that can use it safely. But up 'til now, the stuff dries out all of the rubber parts and causes them to leak. It also seperates after sitting for a while, so when you start your car after a few days of letting it sit, you are sucking pure water into the engine. These are things my mechanic told me.

 

But I agree with YOU that we need to find an alternative source of power NOW, rather than putting it off as generations before us did. Whether it be new engines that can handle biofuel (and that biofuel can and should be made with biomass OTHER than corn, IMO), or whether we find a better way to collect solar energy, or wind energy, we need to start working on these things NOW.

When I mentioned bio fuel, I was speaking specifically of diesel engines. To my knowledge there is no problem with bio-diesel that I have found reported, except that it is cheaper, renewable, and is almost carbon neutral.

I can agree that alcohol in gasoline is a bad thing, and more alcohol as a percentage is a worse thing, first for the vehicle, next for the environment, and third for the food supply. thanks to W Bush, it is difficult to get pure gasoline any more, but some stations are carrying it now.

I personally blend used fry oil in my diesel up to almost 50% in HOT weather, and above 70 deg I use a 40% veg oil mixture.  Except one morning last fall when it turned cold overnight and my fuel filter stopped up, I have not had any negative experience with using it.

I recommend a program on Link TV called "Gas Hole", it's a 2 hr documentary which I found very good. If you are fortunate enough to have Dish Net , it's on ch 9110, don't know what channel it is on Direct TV, and probably cable doesen't even have it.

Here is the web site for the schedule, and I am on dial-up right now, but it looks like you may could watch it on the web, but I am not sure.

http://www.linktv.org/programs/gashole

Regardless of the argument as to when we will or have reached peak oil, there is a simple fact that it is basically a finite resource, and with the rest of the world demanding an American type lifestyle with cars, the ratio of oil to user will diminish over the next few years, and the cost will continue to climb. You can argue about when , and argue about how much, but that is a simple logical deduction, and that of course means that the price will go up, maybe exponentially. Even if we find more and more domestic oil resources, oil is traded on a global market, and an oil well in your back yard does not mean that when you fill up your car , gas will be any cheaper than anywhere else.

I don't believe the solution is any one thing , not bio-diesel , not natural gas, not more oil wells, not electric cars, but a combination of all of them in specific arenas, and maybe most important, more efficient usage of all of them. 

 

http://www.ktvu.com/news/29039642/detail.html


Solar Plant Visited By Obama Closes Its Doors
FREMONT: Solar Company Visited By Obama May Be Shutting Down

Posted: 10:44 am PDT August 31, 2011Updated: 12:25 pm PDT August 31, 2011
FREMONT, Calif. -- Solyndra, an East Bay company President Barack Obama used as a backdrop for a speech on green energy back in May 2010, announced Wednesday it was shutting down its manufacturing plant and laying off 1,100 employees.

In a prepared statement released Wednesday morning, the company said it was forced to closed its Fremont plant because of global economic and solar industry market conditions.

Solyndra said it intended to file a petition for relief under Chapter 11 of the U.S. Bankruptcy Code while it evaluates options, including a sale of the business and licensing of its advanced CIGS technology and manufacturing expertise.

As a result of the suspension of operations approximately 1,100 full-time and temporary employees were to be laid off, effective immediately.

Despite strong growth in the first half of 2011, the company said, it could not achieve full-scale operations rapidly enough to compete with the resources of larger foreign manufacturers.

“Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion,” said Solyndra’s president and CEO, Brian Harrison. “Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.”
..........................................

Obama was among a string of state and federal officials who toured Solyndra after it was announced that the federal government would grant the solar manufacturer a $535 million loan guarantee using stimulus dollars.
..........................................

Days before Obama's May 26, 2010, visit, PricewhaterhouseCoopers LLP expressed concern about Solyndra's financial viability after an audit filed with the U.S. Securities and Exchange Commission in March indicated that the company was struggling to keep its books in the black.

The audit stated that Solyndra "has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders deficit that, among other factors, raise substantial doubt about its ability to continue as a going concern."

The audit had been filed as part of an amendment to Solyndra's application for an initial public offering.

According to the audit, Solyndra had lost $518.7 million in the three previous years and had an accumulated deficit of $557.7 million.


So I guess the goernment paid off all but 22 mil of their debt with the stimulus. I think the “Regulatory and policy uncertainties" should point to a lot of problems.

Originally Posted by Flatus the Ancient:

Funny, the guv'mint website says we imported a bit more than 600,000 barrels/day of gasoline last week. So who's lying more, the lying  guv'mint or the lying newspaper?

 

http://www.eia.gov/oog/info/tw...line.html#production


 

Oil traders are getting government help in tracking an increasingly vital component of the oil market: U.S. gasoline exports.

The Energy Information Administration said Wednesday it is changing its methodology for gathering the figure for its widely watched weekly data report.

Gone are estimates derived from five years of historical data that bear little resemblance to the current, evolving market.

Beginning with data for the week ended Aug. 12, released Wednesday, the EIA said its weekly figure now is solely based on latest monthly reports of actual gasoline exports compiled by the Census Department.

The EIA reported this week that gasoline exports were 395,000 barrels a day. That's still an estimate for the latest week, but it is the actual daily average for June. Under the old methodology exports were reported at 255,000 barrels a day in the week ended Aug. 5.

 

EIA has acknowledged it is likely undercounting exports, which have become a major component of the U.S. market for gasoline, the most widely used fuel in the world's biggest oil consumer.

 

http://www.firstenercastfinanc...soline-export-riddle

 

http://af.reuters.com/article/...dAFN1E77N0NK20110824

 

 

 

 

 

 

 

 

Biodiesel is, like ethanol, self limiting.  Plants producing fats and animals fats are used to produce biodiesel. There's only so much that can be produced and other industries such as soap and other detergents compete for fats. 

 

The US produces about 2.7 billion gallons of biodiesel, annually.  And, uses about 46 billion gallons of all forms of diesel, annually.

 

As to why the manufacturers of biodiesel may not guarantee warranties if biodiesel is used?  Probably because, like ethanol, biodiesel attracts water -- nasty stuff in your engine.  Agreed, there are ways to remove water. 

In the making of Biodiesel Land for food production is used. As we have found in the recent past, this can be a problem. The EPA is now even making rules on dust. As we know farming potentially produces a lot of dust. I won’t even start on the water resource problems. It also takes Fuel that give off emissions to produce Bio or Food crops. Seeing how we can’t eliminate Food crops there is only two solutions. Limit or stop the export from our refineries of processed fuel and Drill Baby Drill.

Skippy

Originally Posted by marksw59:

The thread title is "Stop The Drilling!", yet all the talk is about the finished products of gasoline and diesel.

Very true! Whether or not we import or export the finished products of diesel or gasoline; they are from foreign crude. As to gasoline exports and imports, Mr. calculator says that if one subtracts the 400 thousand barrels/day exports from the 600 thousand barrels/day imported we get 200 thousand barrels/day. Therefore, we must be a net importer of gasoline along with a net importer of crude oil. To end this trend we must both drill for new oil supplies as well as refine more oil for gasoline and diesel.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×