North sea oil/gas running dry

[BiscayneSunrise]

Re: North sea oil/gas running dry

Didn't think rjwjr was being a bully. Just seemed like a good natured ribbing.

[rabot10]

Re: North sea oil/gas running dry

Didn't think rjwjr was being a bully. Just seemed like a good natured ribbing.

Wouldn't be my first mistake!! If so sorry.

[don]

Re: North sea oil/gas running dry

Tangentially, gas here in the Bay Area dropped 8-10 cents between Thanksgiving and Xmas. The day after Xmas it went up 2 cents. The shoppers' cattle drive appears to be over.

This morning, another 4 cent bump.

Gas prices, the hypnotist's watch for the consumer....

[MulaMan]

Re: North sea oil/gas running dry

Mega, just start your own news blog and start posting.

Will take you an afternoon and post the link on here. Do not allow any fascists that follow Fox News and believe there is a climate change conspiracy amongst scientists to subsribe

[don]

Re: North sea oil/gas running dry

Another jump in gas prices. That's 13 cents since Xmas day, less than a week ago.Wouldn't it be great to hear what kind of horse trading goes on behind closed doors between oil interests and retail sales ;)

[Starving Steve]

Re: North sea oil/gas running dry

Mega, just start your own news blog and start posting.

Will take you an afternoon and post the link on here. Do not allow any fascists that follow Fox News and believe there is a climate change conspiracy amongst scientists to subsribe

I do not pay much attention to FOX News, but there is a conspiracy on BBC to have the public believe that the climate is warming and that the warming is caused by CO2 from industry.

Just watch to BBC World Television, and every day there is another story to re-enforce the man-made global warming hysteria. This is the conspiracy. BBC has become a propaganda tool of the green-nuts, just like FOX News has become a propaganda outlet of the Christian-right.

Meanwhile, the sea-level is little changed. Meanwhile, the mean temperatures at all climate stations are little changed. And meanwhile, the ice in the Antarctic is thicker than ever.

But if you want to see footage of polar bears "drowning" or people in Maritius standing on an islet of barely a few square metres of sand, just inches above sea-level, then watch BBC World TV.

Last night, BBC aired a segment about homes in Australia about to be submerged by the sea. They showed an exceptionally high tide (for shock value). They then showed a map of Sydney and what could happen if the Earth warmed by 6 degrees C: half of Sydney was coloured dark blue to indicated being flooded by the sea.

No mind to BBC that the evidence is that the Earth is not warming by more than 0.3 degrees C. per century. Confusing and scaring the public with a twenty-fold distortion of the evidence is what makes for great viewing. The map showing Sydney flooded by the sea is what the public will remember, not the fact that the map was based upon a twenty-fold distortion of the climate evidence.

The coverage of the Middle East by BBC is propaganda as well. The Islamo-fascists in Tehran and Hamas in Gaza would love the coverage.

There was nothing in the Middle East coverage last night about Gazans or Palestinians taking responsibility for NOT blowing themselves up in Isreali town-squares. Just the ugly wall Isreal has built was covered in the news along with old footage about phosphorus bombs Isreal shot into Gaza in retaliation for Gazans shooting rockets into Isreal.... That was the news story entitled, "Gaza One-Year On".

Apparently, BP sets the agenda at the BBC for Middle East news coverage, and Greenpeace sets the agenda at the BBC for climate news coverage.........One has to laugh!

No, I don't usually watch FOX News, and I don't usually watch BBC World TV either. Both news networks are pathetic.

[GRG55]

Re: North sea oil/gas running dry

Another jump in gas prices. That's 13 cents since Xmas day, less than a week ago.Wouldn't it be great to hear what kind of horse trading goes on behind closed doors between oil interests and retail sales ;)

As difficult as this will be to accept, there is no money in gasoline sales. It's a loss leader. Don't believe me? Take a look at the long term stock performance of the pure refiners/retailers like Valero or Frontier.

To the degree the retailers can make any money it's on the candy bars, chips, cigs, bottled water and coffee [the latter two both being much cheaper to make than gasoline and way more expensive to buy on a cents per gallon basis than the stuff that goes in your fuel tank]. That's why it's near impossible to find a retail gas station without a convenience store...;)

[santafe2]

Re: North sea oil/gas running dry

As difficult as this will be to accept, there is no money in gasoline sales. It's a loss leader. Don't believe me? Take a look at the long term stock performance of the pure refiners/retailers like Valero or Frontier.

To the degree the retailers can make any money it's on the candy bars, chips, cigs, bottled water and coffee [the latter two both being much cheaper to make than gasoline and way more expensive to buy on a cents per gallon basis than the stuff that goes in your fuel tank]. That's why it's near impossible to find a retail gas station without a convenience store...;)

But getting back to the thread, "North sea oil/gas running dry"...if this is true, one should own one/some domestic oil producers. As with property, they're not making any more of it. For North Americans APA would be an example.

[GRG55]

Re: North sea oil/gas running dry

But getting back to the thread, "North sea oil/gas running dry"...if this is true, one should own one/some domestic oil producers. As with property, they're not making any more of it. For North Americans APA would be an example.

I agree that one should "own some oil" [as EJ says, the exact mechanism by which to do this will vary by individual].

It's just that owning refining and retail gasoline marketing is not the same as "owning some oil"...;)

[Starving Steve]

Re: North sea oil/gas running dry

But getting back to the thread, "North sea oil/gas running dry"...if this is true, one should own one/some domestic oil producers. As with property, they're not making any more of it. For North Americans APA would be an example.

I own Cdn oil sands trusts, but I am very worried about the trouble that Greenpeace and the Copenhagen idiots could cause for heavy oil. These devils are well entrenched in Washington, especially in the U.S. Dept. of Energy. They are also well entrenched in Europe, as one can see by watching the global warming propaganda broadcast daily on the BBC World TV.

Meanwhile, I collect my dividends, but I am worried. Idiots, especially idiots with smart lawyers, could cause trouble for energy producers.:rolleyes:

[GRG55]

Re: North sea oil/gas running dry

I own Cdn oil sands trusts, but I am very worried about the trouble that Greenpeace and the Copenhagen idiots could cause for heavy oil. These devils are well entrenched in Washington, especially in the U.S. Dept. of Energy. They are also well entrenched in Europe, as one can see by watching the global warming propaganda broadcast daily on the BBC World TV.

Meanwhile, I collect my dividends, but I am worried. Idiots, especially idiots with smart lawyers, could cause trouble for energy producers.:rolleyes:

"Smart lawyers" don't want to kill an industry...they simply want to claim a share of the value of that business for their clients [and indirectly themselves]. Tobacco is a good case study.

They will [already are] doing the same to the petroleum industry. But your issue is if this will serve to scare off the money. That too is already happening. But there's a willing funding source, for now, ready to step in as that happens. ;)

Canada has heard the "dirty oil" claims from south of the 49th, and will no longer put all it's chips on one export bet...

Canada approves PetroChina takeover of Athabasca

Grant Ellis, Financial Post
Published: Tuesday, December 29, 2009

The Minister of Industry is giving the go ahead to one of China's biggest forays into Canada's natural resource sector, PetroChina International Investment Company Ltd.'s $1.9-billion investment in properties owned by Athabasca Oil Sands Corp.

In a statement late Tuesday, Tony Clement said he approved the deal to purchase a majority stake in the MacKay and Dover Oil Sands projects "because I am satisfied that the investment is likely to be of net benefit to Canada."

Following its announcement on Aug. 31, the deal was hailed as a major endorsement by foreign investors in the oilsands, as well as a sign that China could be prepared to ramp up its investment in such projects...

...PetroChina is the publicly traded arm of state-owned China National Petroleum...

..."To successfully compete in a globalized economy, we need to attract international investment, which can create jobs, raise our level of competition, and develop Canada's long-term economic prospects," Mr. Clement said.

"Our future prosperity relies on open markets and two-way trade and investment flows that will benefit Canada and Canadians."

Combine this will CN Rail's "Pipeline on Rails" strategy, and it now becomes perfectly feasible to export Canadian oil sands production to Asia instead of just to the increasingly capricious and occasionally hostile market to the south.

CN plans oil sands 'pipeline on rail'


Diane Francis, Financial Post
Published: Thursday, April 09, 2009

Canadian National Railway Co. has developed a transformative strategy it calls the "Pipeline on Rail" that can move oil-sands production quickly and cheaply to markets in North America or Asia...

..."That's the beauty of having the rail system. It's scalable, can go in any direction they want to go -- to the West Coast ports of Prince Rupert, Kitimat or Vancouver, or down to the Gulf coast...

...The cost of a pipeline expansion from Edmonton to Kitimat, B.C., is estimated at $4-billion to handle nearly 600,000 barrels per day of bitumen and diluent. But producers will have to sign on, and take the pricing risk, for 20 years and wait years to get it built.

CN estimates it could ship and have the capacity to handle 2.6 million barrels a day of oil products to the West Coast if 20,000 railcars were added to its fleet.

For instance, CN's current volume of coal shipments is equivalent to transporting 624,000 barrels per day and represents only 5% of CN's business.CN moves about 130 trains a day in Western Canada alone...

[rjwjr]

Re: North sea oil/gas running dry

Didn't think rjwjr was being a bully. Just seemed like a good natured ribbing.

I wasn't trying to be a bully, but honestly, it wasn't innocent ribbing either. I, too, enjoy the volume of Mega's posts, but not so much that I care to keep begging him to stick around. If he's posting, fine. If he's not, fine. His posts don't materially change my life either way as they are more akin to the E! Entertainment Network of the site. A fun distraction, but rarely very substantial.

Apparently however, Rabot10 loves the E! channel.

[Starving Steve]

Re: North sea oil/gas running dry

I'd rather see China benefit from the tar sands because China is a willing and eager buyer, unlike the USA and unlike Europe. China has no attitude problems.

Let the global warming idiots--- those who are too proud and too elitist to buy up-graded oil from tar sands and bitumen--- freeze in the dark.

"Let 'em freeze in the dark." :p

And yes, the CNR may be the railroad to own because the heavy oil may be shipped by rail to the West Coast. Blackberries from Guadalajara, Jalisco, Mexico into Canada via the CNR, and heavy oil shipped westward to the coast and out of Canada via the CNR. (That is a great railroad.)

The CNR ships iron ore from the Mesabi Range too. Heretofore, that iron ore has gone to steel mills in the Lower Great Lakes states. But I can actually envision that ore someday going to China via rail thru Vancouver or Seattle, rather than out thru the St. Lawrence Seaway.

[GRG55]

Re: North sea oil/gas running dry

I'd rather see China benefit from the tar sands because China is a willing and eager buyer, unlike the USA and unlike Europe. China has no attitude problems.

Let the global warming idiots--- those who are too proud and too elitist to buy up-graded oil from tar sands and bitumen--- freeze in the dark.

"Let 'em freeze in the dark." :p

And yes, the CNR may be the railroad to own because the heavy oil may be shipped by rail to the West Coast. Blackberries from Guadalajara, Jalisco, Mexico into Canada via the CNR, and heavy oil shipped westward to the coast and out of Canada via the CNR. (That is a great railroad.)

The CNR ships iron ore from the Mesabi Range too. Heretofore, that iron ore has gone to steel mills in the Lower Great Lakes states. But I can actually envision that ore someday going to China via rail thru Vancouver or Seattle, rather than out thru the St. Lawrence Seaway.

Steve: It's actually cheaper to ship the ore as pellet concentrate through the St Lawrence Seaway and to Asia via the Panama Canal than it is to lift it over the Rocky Mountains to get it to the West Coast using rail.

Railroads are quite energy efficient until they have to move a lot of weight vertically...then the energy input gets serious. And the Canadian Rockies are a formidable natural barrier to trade from the interior of Canada to the west coast and beyond. That is one of the reasons that the historical trade patterns for the prairie provinces have been more north-south [with our American cousins] than to the west [also one of the reasons Alberta has had such an "American attitude" in the business community compared to B.C.].

If iron ore becomes as valuable as oil, perhaps we'll see it shipped via rail to the west coast...but I wouldn't expect that any time soon...;)

[Starving Steve]

Re: North sea oil/gas running dry

I knew there was something about Alberta that I liked, and it was Alberta's American-spirit: i.e, the "can-do" spirit, the "we're gonna boom" spirit, the pro-growth spirit, the "you can go as far as you can dream" spirit, the "live free or die" spirit, the anti-government spirit, the big-ranch spirit, the mountain-West spirit, the pro-drilling and f--k Greenpeace spirit, and the "let 'em freeze in the dark," spirit.

And every dwelling in Alberta has central heating with natural gas. Not only that, you can drive 110 KPH between Edmonton and Calgary, and no-one stops you. It's legal.........No photo radar. No Queen's cowboys. No laser-cameras...... Just a wide-open freeway, and you can boogie......... That's the Alberta spirit.;)