Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > Just Conversation
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 02-23-2011, 11:18 AM   #29
Senior Member
 
Join Date: Feb 2011
Posts: 132
Not happy, but a realist. What surprises me is that you are upset or caught off gaurd. Some of us have seen all of this coming for decades. I wrote about all of this in 1986. Way back then I estimated 2017 as total decline based upon facts at that time. Not much has been very far off other than I did think we would have begun fixing entitlments around 2000. Well, we didnt lol, so I moved my target date to 2013.
__________________

__________________
Its Paid For is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 02-23-2011, 02:42 PM   #30
Registered User
 
Vintage RV Owners Club
Gulf Streamers Club
Join Date: Oct 2010
Location: Indiana
Posts: 4,954
Quote:
Not happy, but a realist.
Yep...
__________________

__________________
Midniteoyl is offline   Reply With Quote
Old 02-23-2011, 04:27 PM   #31
Senior Member
 
dajudge's Avatar
 
Tiffin Owners Club
Freightliner Owners Club
Join Date: May 2009
Location: SOUTH LOUISIANA(GOD'S COUNTRY)
Posts: 645
Don't let anybody lie to you, the US has eight times the oil reserves than Saudia Arabia. The only reason we are not taking it out of the ground is because of the envirenmentalists. They cry about causing polution and the regulators jump. Look at the moratorium on the Gulf of Mexico. This is killing our oil industry. Drilling companies and oil service companies are going belly up or laying off people and going out of business. Do the powers that be care? Hell no, they just care about the almighty vote. If we would allow drilling wherever the oil is, we could get oil at about $20 a barrel.
__________________
07 PHAETON, FREIGHTLINER, CAT, FOUR SLIDES, JEEP WRANGLER TOAD
dajudge is offline   Reply With Quote
Old 02-23-2011, 06:50 PM   #32
Senior Member
 
Join Date: Feb 2011
Posts: 132
Not sure where you get your facts, but here is a lil theory for you. Remember the days when they would tap a well and it would just fly into the air from all the pressure it was under. Well now they have to pump fluids down to float the oil up. It costs more to get oil these days because all the easy flying out of the ground oil is gone. 8 times Saudi Arabia huh?

I have very solid sources that say that isn't even possible.
__________________
Its Paid For is offline   Reply With Quote
Old 02-23-2011, 08:17 PM   #33
Senior Member
 
radams's Avatar
 
Join Date: Jul 2010
Location: Omaha, NE
Posts: 398
Quote:
Originally Posted by Its Paid For View Post
Not sure where you get your facts, but here is a lil theory for you. Remember the days when they would tap a well and it would just fly into the air from all the pressure it was under. Well now they have to pump fluids down to float the oil up. It costs more to get oil these days because all the easy flying out of the ground oil is gone. 8 times Saudi Arabia huh?

I have very solid sources that say that isn't even possible.
Actually "dajudge" is a tad conservative if US oil shale estimated reserves are included, as they should be. Estimated reserves of oil shale are 2.6 trillion barrels which is right at 8 times Saudi Arabia's estimated oil reserves. Now add in the Utah oil sands, our oil reserves, and the new extraction methods for oil wells and you are comfortably there.
__________________
radams is offline   Reply With Quote
Old 02-23-2011, 08:33 PM   #34
Senior Member
 
Join Date: Feb 2011
Posts: 132
Not at $20 a barrel, all of those cost much more to extract. They are not proven reserves either, estimates are a dime a dozen.

Obama estimated stimulus would create 3-4 million shovel ready jobs, only to prove $800 billion dollars later "there is no such thing as shovel ready jobs" lol
__________________
Its Paid For is offline   Reply With Quote
Old 02-23-2011, 08:43 PM   #35
Member
 
Vintage RV Owners Club
Join Date: Nov 2009
Posts: 77
Just a thought, vote all the know-it-alls out of DC and put in people with guts to tell the other countries where to go.
__________________
1oleman is offline   Reply With Quote
Old 02-23-2011, 08:50 PM   #36
Registered User
 
Vintage RV Owners Club
Gulf Streamers Club
Join Date: Oct 2010
Location: Indiana
Posts: 4,954
As the old saying goes: "Re-elect Nobody"
__________________
Midniteoyl is offline   Reply With Quote
Old 02-23-2011, 10:08 PM   #37
Senior Member
 
radams's Avatar
 
Join Date: Jul 2010
Location: Omaha, NE
Posts: 398
Quote:
Originally Posted by Its Paid For View Post
Not at $20 a barrel, all of those cost much more to extract. They are not proven reserves either, estimates are a dime a dozen.

Obama estimated stimulus would create 3-4 million shovel ready jobs, only to prove $800 billion dollars later "there is no such thing as shovel ready jobs" lol
Actually those estimates were put together by the USGS using a variety of methods too complex to go into here. You can Google USGS oil shale reserves if you're interested in learning more. You're right that it can't be done for $20 a barrel . . . yet. Royal Dutch Shell has a very interesting in situ process that is driving the cost down below $40 a barrel and that's in it's early stages. There are always further cost savings as volume increases and there are similarities between extracting oil from sand and from shale. Canada has process for sand being worked on that would be below $20 so who knows where it will end up.

Don't see the relevance of comparing Obama's job estimates with oil reserves. Seems to me to be two totally separate issues.
__________________
radams is offline   Reply With Quote
Old 02-23-2011, 10:53 PM   #38
Senior Member
 
Join Date: Feb 2011
Posts: 132
Because our proven oil reserves are a published fact and none of your ideology is included in those proven reserves, so until they are, it is a bit like Ponce De Leon and the Fountain Of Youth in Florida or Bigfoot in Bluff Creek. It may or may not exist, but as of today we don't have a body, fountain, shale process, sand process, and not a drop has been added to our proven reserves that continue to decline since 1972.

Although we have drilled many new wells, we have increased consumption every single year and in no year has the gap narrowed.

Until it does, there is literally nothing there but hope. just like Ethanol didnt close the gap, even though we were promised it would solve everything. I can even buy ethanol, didnt help at all.
__________________
Its Paid For is offline   Reply With Quote
Old 02-23-2011, 11:01 PM   #39
Registered User
 
Vintage RV Owners Club
Gulf Streamers Club
Join Date: Oct 2010
Location: Indiana
Posts: 4,954
Again... argue all you wish on whether the reserves are 20 billion or 200 trillion...all the oil in the world means jack without the refineries to go with it...
__________________
Midniteoyl is offline   Reply With Quote
Old 02-23-2011, 11:14 PM   #40
Senior Member
 
w6pea's Avatar
 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Feb 2011
Location: Chula Vista, Mexifornia
Posts: 1,010
Quote:
Originally Posted by Midniteoyl View Post
Again... argue all you wish on whether the reserves are 20 billion or 200 trillion...all the oil in the world means jack without the refineries to go with it...
With all of the "tree huggers and do gooders" around you will not see an refinery's built anytime soon in the USA. Also the "do gooders" are sending foreign aid to countries that want our money but they do not want American Policies.
I could go on for hours but my opinion would get this thread closed and me kicked out of this forum.
__________________
Remember "Without Truck's......America Stops" RVM129
"Take me to the Brig. I want to see the "Real Marines".
Major General Chesty Puller, USMC -
"Semper Fi"
w6pea is offline   Reply With Quote
Old 02-24-2011, 12:22 AM   #41
Senior Member
 
Join Date: Feb 2011
Posts: 132
It isn't a lack of refineries, although that argument is still very valid, but the number of fuel blends existing refineries have to deal with make them very low efficiency as well. Also in an effort to hurt the
__________________
Its Paid For is offline   Reply With Quote
Old 02-24-2011, 10:21 AM   #42
Member
 
Join Date: Nov 2010
Posts: 31
Quote:
Originally Posted by WOODYDEL View Post
This is how the NYMEX has changed the definition of SUPPLY AND DEMAND.

"
The price is determined by the instantaneous equilibrium between the forces of supply and demand among competing buy and sell orders on the exchange at the time of the purchase or sale of the contract."


That's different than what it should be. It is no longer supply and demand of oil. supply and demand among competing buy and sell orders ?

This is GAMBLING. This is what's wrong. Especially when the big boys are all talking to each other.

In case you didn't look it up. When did oil hit the NYMEX? Heating oil 1978 , crude oil 1983 , unleaded gas 1984. It took them a few years to sort out but they finally got the formula right to manipulate the "MARKET".

Take oil off the NYMEX.

It USED TO BE that anyone speculating in oil had to have the capacity to actually hold on to that oil. The wonderful federal government ended that. What wonderful people they must be.
Leave it on the NYMEX but require buyers to take delivery. Id like to see a NY trader get a tanker of oil dumped in his/her front yard in the Hamptons
__________________

__________________
puddinhead is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 01:06 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.