$7 gasoline in the near future???

[an]

DWCAP, no offense taken. It’s all fun and game. I totally agree about people not seeing beyond the things that are right in front of their face. They don’t see that oil are being used in many different things other than just fueling automobiles. Besides being the materials to make things, since the economy is global now, oil/gas are needed even more to transport things. Such as the “green” Prius people are craving after. They don’t know that the materials for the batteries are mined in Canada, then shipped to China to assemble into battery, then ship to Japan to put into Prius, then ship to US to sell. The cost and pollution cause during the shipping process are not seen by the regular users.

Base on what I’ve heard, oil shale is only profitable when oil price is over $100/barrel. So, if oil price stay where they are now or get higher, we might see more exploration of oil shale in Canada. But last I heard, even oil shale exploration here in the US are banned. So I don’t see any new oil coming out of US anytime soon. Also, last I heard, about 30% of the oil rigs in the gulf of Mexico are moving to other part of the world where profit are higher. That’s the the kind of trend we want but that’s what we’re experiencing.

[Arraya]

Just so these tree huggers, global warming alarmists could shut up and stay out of the news.

LOL. Sick of em being right, huh

Gas will never make it past 7-8. We will be in depression after that.

Sorry, nature is breaking your economic model. Time for a new one. I wonder what our masters have in mind?

[Arraya]

Just so these tree huggers, global warming alarmists could shut up and stay out of the news.

LOL. Sick of em being right, huh

Gas will never make it past 7-8. We will be in depression after that.

Sorry, nature is breaking your economic model. Time for a new one. I wonder what our masters have in mind?

[Arraya]

Just so these tree huggers, global warming alarmists could shut up and stay out of the news.

LOL. Sick of em being right, huh

Gas will never make it past 7-8. We will be in depression after that.

Sorry, nature is breaking your economic model. Time for a new one. I wonder what our masters have in mind?

[Arraya]

Just so these tree huggers, global warming alarmists could shut up and stay out of the news.

LOL. Sick of em being right, huh

Gas will never make it past 7-8. We will be in depression after that.

Sorry, nature is breaking your economic model. Time for a new one. I wonder what our masters have in mind?

[Arraya]

Just so these tree huggers, global warming alarmists could shut up and stay out of the news.

LOL. Sick of em being right, huh

Gas will never make it past 7-8. We will be in depression after that.

Sorry, nature is breaking your economic model. Time for a new one. I wonder what our masters have in mind?

[Aecetia]

The U.S.’ Untapped Oil Bounty
There’s enough oil to power the nation for three centuries without OPEC’s help — IF we’re willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter

http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html

[Aecetia]

The U.S.’ Untapped Oil Bounty
There’s enough oil to power the nation for three centuries without OPEC’s help — IF we’re willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter

http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html

[Aecetia]

The U.S.’ Untapped Oil Bounty
There’s enough oil to power the nation for three centuries without OPEC’s help — IF we’re willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter

http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html

[Aecetia]

The U.S.’ Untapped Oil Bounty
There’s enough oil to power the nation for three centuries without OPEC’s help — IF we’re willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter

http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html

[Aecetia]

The U.S.’ Untapped Oil Bounty
There’s enough oil to power the nation for three centuries without OPEC’s help — IF we’re willing to go after it.
By Jim Ostroff, Associate Editor, The Kiplinger Letter

http://www.kiplinger.com/businessresource/forecast/archive/The_U.S._s_Untapped_Bounty_080630.html

[xironman]

Ok,

Let’s write off Kiplinger from making any sense whatsoever. First the idiotic comments on oil shale, at this point we don’t even know if it will produce positive net energy. You do realize the process includes creating a freeze wall underground and then heating everything in it for a couple of years. $50 per barrel production costs, ha! it is so energy intensive that production costs will outstrip the cost of oil itself. Oh yeah, where is all the water going to come from to make the process work… I guess the west does not have drought to worry about. Then f’ing Bakken Play being 100 billion barrels, even the ever optimistic EIA says we will only be able to get at 4 billion or so using ultra high technology horizontal and MRC wells. As for the off shore resources, 80% of that is available to be drilled today in the gulf, no action needed. Finally oil sands. Lets see, where are you going to get all that stranded natural gas to heat the sands and crack the long chain hydrocarbons that makes it work in Alberta. I just ain’t here. Dumb.

[xironman]

Ok,

Let’s write off Kiplinger from making any sense whatsoever. First the idiotic comments on oil shale, at this point we don’t even know if it will produce positive net energy. You do realize the process includes creating a freeze wall underground and then heating everything in it for a couple of years. $50 per barrel production costs, ha! it is so energy intensive that production costs will outstrip the cost of oil itself. Oh yeah, where is all the water going to come from to make the process work… I guess the west does not have drought to worry about. Then f’ing Bakken Play being 100 billion barrels, even the ever optimistic EIA says we will only be able to get at 4 billion or so using ultra high technology horizontal and MRC wells. As for the off shore resources, 80% of that is available to be drilled today in the gulf, no action needed. Finally oil sands. Lets see, where are you going to get all that stranded natural gas to heat the sands and crack the long chain hydrocarbons that makes it work in Alberta. I just ain’t here. Dumb.

[xironman]

Ok,

Let’s write off Kiplinger from making any sense whatsoever. First the idiotic comments on oil shale, at this point we don’t even know if it will produce positive net energy. You do realize the process includes creating a freeze wall underground and then heating everything in it for a couple of years. $50 per barrel production costs, ha! it is so energy intensive that production costs will outstrip the cost of oil itself. Oh yeah, where is all the water going to come from to make the process work… I guess the west does not have drought to worry about. Then f’ing Bakken Play being 100 billion barrels, even the ever optimistic EIA says we will only be able to get at 4 billion or so using ultra high technology horizontal and MRC wells. As for the off shore resources, 80% of that is available to be drilled today in the gulf, no action needed. Finally oil sands. Lets see, where are you going to get all that stranded natural gas to heat the sands and crack the long chain hydrocarbons that makes it work in Alberta. I just ain’t here. Dumb.

[xironman]

Ok,

Let’s write off Kiplinger from making any sense whatsoever. First the idiotic comments on oil shale, at this point we don’t even know if it will produce positive net energy. You do realize the process includes creating a freeze wall underground and then heating everything in it for a couple of years. $50 per barrel production costs, ha! it is so energy intensive that production costs will outstrip the cost of oil itself. Oh yeah, where is all the water going to come from to make the process work… I guess the west does not have drought to worry about. Then f’ing Bakken Play being 100 billion barrels, even the ever optimistic EIA says we will only be able to get at 4 billion or so using ultra high technology horizontal and MRC wells. As for the off shore resources, 80% of that is available to be drilled today in the gulf, no action needed. Finally oil sands. Lets see, where are you going to get all that stranded natural gas to heat the sands and crack the long chain hydrocarbons that makes it work in Alberta. I just ain’t here. Dumb.

[Author]

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