[snakeoil]

Wondering why the Shell oil rig ran aground in high winds in Alaska? Wondering why Shell was moving the rig in less than optimal conditions? Wondering why the taxpayers are getting screwed for Shell's mistake.

I'll give you a little hint: Shell was moving the rig in high winds to avoid paying Alaska $6 million plus in taxes if the rig remained in Alaska past Jan, 1, 2013. Now many state, Federal and many local citizens are helping to free the rig and avoid any oil spills from the onboard tanks. BTW-the Navy and the Coast Guard are involved too at a huge cost to the taxpayers. Is that enough of a hint for you?

http://grist.org/news/surprise-shells-r ... oid-taxes/" onclick="window.open(this.href);return false;

[Leroy]

And yet you don't hold Gore accountable to not wanting to pay additional taxes on a Sale after Dec 31'st, 2012.

[snakeoil]

Huh? I never mentioned anything about Gore. My post only suggested that very few would turn down $500 million for a TV channel worth much, much less.

[snakeoil]

I do hope that the Federal government and the state of Alaska are keeping records of the time and money spent on this problem and are going to bill Shell for the costs incurred.

[Leroy]

Huh? I never mentioned anything about Gore. My post only suggested that very few would turn down $500 million for a TV channel worth much, much less.

No, you wrote "Shell was moving the rig in high winds to avoid paying Alaska $6 million plus in taxes if the rig remained in Alaska past Jan, 1, 2013."

And yet you didn't complain about Al Gore screwing the tax payers out of millions by short selling, early, a company to avoid the Jan 1, 2013 tax increase on capital gains.

You are a hypocrite.

[snakeoil]

And you are a nut.

[justdoit]

Sure would be nice if certain people could "stay on topic".

[RealJustme]

I do hope that the Federal government and the state of Alaska are keeping records of the time and money spent on this problem and are going to bill Shell for the costs incurred.

Yep, gas had spike 10 cents a gallon across the Nation in anticipation of Shell getting the bill.

[snakeoil]

Justme-that's a stretch isn't it. I'll bet that world markets and speculation had nothing to do with it.

[Leroy]

And the entire point of this thread was to vilify a company for not wanting to pay the increased taxes that it was going to be assessed if completed after Dec 31, 2012 - yet you libs are unwilling to complain about libs/progs/democrats doing the same thing for even more money - Hypocrites.

[snakeoil]

justme-I think that this might support my hypothesis that speculation has a lot to do with the price of gas going up 10 cents in such a short time.

"US oil imports will fall to their lowest level for more than 25 years next year, as production booms while demand grows only slowly, according to a government forecast.

The US Energy Information Administration predicted that net imports of liquid fuels, including crude oil and petroleum products, would fall to about 6m barrels per day in 2014, their lowest level since 1987 and only about half their peak levels of more than 12m during 2004-07."

http://edition.cnn.com/2013/01/09/busin ... index.html" onclick="window.open(this.href);return false;

[Leroy]

Snake misses that we have more than enough oil reserves in the USA to last this country for hundreds of years, but the Obama administration is doing all it can to keep it from reaching the pumps.

[snakeoil]

Leroy-I'm sure you can prove that wild statement. Enlighten us.

[BilboBagend]

It's a typical liar leroy lie.

Yes, it's true, but it's not what it is meant to appear as.

We have huge shale oil reserves in the midwest. Expensive to recover and process.

Still, what liar ;leroy wants you to believe is that's it's worth going after the few remote light sweet crude oil sites that would not last very long and would wreck havoc with the environment.

[Leroy]

Leroy-I'm sure you can prove that wild statement. Enlighten us.

Snake, look it up and prove that you're worth discussing with, or don't, just misdirect, and prove that you're not worth the time it takes to read your posts.

[snakeoil]

Why should I have to look it up; I'm not the one making the claims.

[RealJustme]

Yes, it's true, but it's not what it is meant to appear as.

Bilbo, you work for Obama?

[snakeoil]

Leroy:

#1 - Does the U.S. Really Have More Oil than Saudi Arabia?

Posted by Robert Rapier on January 3, 2013 - 11:41am
Topic: Supply/Production
Tags: oil shale, reserves, resources, saudi-arabia, shale oil, tight oil, united states

http://www.theoildrum.com/node/9753#more" onclick="window.open(this.href);return false;

Thus, my prediction is that despite having an oil shale resource that may indeed be far greater than the oil resources of Saudi Arabia (I don't think I have seen an estimate of Saudi's total oil resources), the reserve will continue to be close to zero for the foreseeable future because there are still many technical hurdles to overcome to realize a scalable, commercially viable process.

Finally, I would say that if a commercially viable process for shale oil production from the Green River formation is developed, the environmental blowback will be enormous. The production of shale oil is more energy intensive (i.e., has higher carbon emissions) than for the oil sands, it has a high water requirement in a dry climate, and it is potentially a huge new source of carbon dioxide emissions. The environmental protests that would arise in response to a growing commercial shale oil operation would make the Keystone XL pipeline protests pale in comparison.

http://www.theoildrum.com" onclick="window.open(this.href);return false; is a respected source for information on oil and other forms of energy. It relies on facts (proven data) not conjecture. You should really read the entire article. My short clip does not do this issue justice.

[snakeoil]

This from http://www.theoildrum.com" onclick="window.open(this.href);return false;

The Coming Global Oil Crisis

As Washington continues to deliberate over the fiscal cliff and the much-hyped notion that the US government is sufficiently functional to avert fiscal disaster, America's attention is being diverted from a much more profound cliff-hanger looming on the horizon.

The USA, Saudi Arabia and Russia are competing to see which country can "produce" the most oil. That translates into racing to see which country will reach the bottom of the barrel first. In their frantic race to the bottom, these countries are creating havoc on the ground -- destroying aquifers, watersheds, productive land, forests -- and on the high seas -- even to the point of attempting to drill in the Arctic Ocean where extreme conditions will thwart human arrogance.

Reports of production increases can be seen as just more warnings that the race to the finish is accelerating. Sadly those fossil fuelish players have little to show for a Plan B.

Reports of profits can be seen as thieves bragging about who got away with the biggest heist. Oil only costs what it takes to steal it from our children's children's children. The notion that "they will come up with something to replace oil" is thoughtless and irresponsible. Tell those guys to be careful: they might stub their toes trying to kick the can down the road that far. The physical cliff may be closer than they think.

In the decades to come, the fiscal cliff of December 31, 2012 will be remembered as a picnic when it is contrasted to the fall from glory which these great nations will experience as they slide down the physical cliff of rapidly depleting oil / gas / coal.