WASHINGTON — If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
But the report also finds that opening ANWR could have other benefits, particularly in Alaska, where tapping the resources in the Arctic refuge could extend the lifespan of the trans-Alaska pipeline. It estimates that if Congress agreed to open ANWR this year, Alaskan oil could hit the market in about 10 years.
WASHINGTON — If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
But the report also finds that opening ANWR could have other benefits, particularly in Alaska, where tapping the resources in the Arctic refuge could extend the lifespan of the trans-Alaska pipeline. It estimates that if Congress agreed to open ANWR this year, Alaskan oil could hit the market in about 10 years.
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that looks like bs to me. Drilling ANWR has virtually no chance of causing the global price of oil to drop.
WASHINGTON — If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
But the report also finds that opening ANWR could have other benefits, particularly in Alaska, where tapping the resources in the Arctic refuge could extend the lifespan of the trans-Alaska pipeline. It estimates that if Congress agreed to open ANWR this year, Alaskan oil could hit the market in about 10 years.
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that looks like bs to me. Drilling ANWR has virtually no chance of causing the global price of oil to drop.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs. Wellhead extraction costs since 2000 have only increased about 14%, transportation costs have remained almost level, and the price point is established at the delivery point (pipeline terminus or input flange on a tanker). -- Sandy - Darwinism, born in ideological struggle, has never escaped from an intimate reciprocal relationship with worldviews exported from and imported into the science. No one challenges the claim that evolutionary theory has had a wide effect on social theory. It is a cliché of cultural history that the explanation of evolution by natural selection served as an ideological justification for laissez-faire capitalism and the colonial domination of the lesser breeds without the law
WASHINGTON ‹ If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
Ah, well, that'll make my life so much better. I say we go for it!
WASHINGTON — If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
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that looks like bs to me. Drilling ANWR has virtually no chance of causing the global price of oil to drop.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs. Wellhead extraction costs since 2000 have only increased about 14%, transportation costs have remained almost level, and the price point is established at the delivery point (pipeline terminus or input flange on a tanker).
That's interesting. Where do those numbers come from? If that's the case, then those costs may have actually increased slower than inflation.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs.
Yes... follow the money. Who in the US makes money off expensive oil? Who is in charge of the government? Who is good "friends" with the Saudis?
WASHINGTON — If Congress were to open up the Arctic National Wildlife Refuge to drilling, crude oil prices would probably drop by an average of only 75 cents a barrel, according to Department of Energy projections issued Thursday.
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The report, which was requested in December by Sen. Ted Stevens, R-Alaska, found that oil production in the refuge "is not projected to have a large impact on world oil prices."
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But the report also finds that opening ANWR could have other benefits, particularly in Alaska, where tapping the resources in the Arctic refuge could extend the lifespan of the trans-Alaska pipeline. It estimates that if Congress agreed to open ANWR this year, Alaskan oil could hit the market in about 10 years.
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that looks like bs to me. Drilling ANWR has virtually no chance of causing the global price of oil to drop.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs. Wellhead extraction costs since 2000 have only increased about 14%, transportation costs have remained almost level, and the price point is established at the delivery point (pipeline terminus or input flange on a tanker).
While US consumption is dropping, China's demand grew 12 % over last year. Supply has gone essentially flat as oil producers struggle to make up for ongoing declines in big fields. Prices will rise exponentially until they cause enough demand destruction in wealthy economies to balance supply and demand.
Ah, well, that'll make my life so much better. I say we go for it!
</sarcasm> for the humor-impaired.
By the time that oil makes it to market, it will probably cost something like 400$/barrel. But the timely arrival of this petroleum on the market will delay the price's progression to 410$/barrel by about 23 minutes. That's really going to be exciting stuff for consumers. So by all means let's start the drilling now.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs.
Yes... follow the money. Who in the US makes money off expensive oil? Who is in charge of the government? Who is good "friends" with the Saudis?
Not good enough judging by the last pow-wow. -- Jay Beattie.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs.
Yes... follow the money. Who in the US makes money off expensive oil? Who is in charge of the government? Who is good "friends" with the Saudis?
Not good enough judging by the last pow-wow. -- Jay Beattie.
Righ...t. How do you think that last meeting came down? "King, will you increase production to help our poor and middle class, wink-wink." "Uh, sorry George, can't do that."
Ah, well, that'll make my life so much better. I say we go for it!
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</sarcasm> for the humor-impaired.
By the time that oil makes it to market, it will probably cost something like 400$/barrel. But the timely arrival of this petroleum on the market will delay the price's progression to 410$/barrel by about 23 minutes. That's really going to be exciting stuff for consumers. So by all means let's start the drilling now.
I think we should skip the drilling and just take the animals. There are lots of rideable moose and caribou (for learners). We can commute to work on those -- take the kids to soccer practice on the sport utility moose. If we could get them to eat junk mail or lawn clippings, it would be a totally free means of transportation. -- Jay Beattie.
I think we should skip the drilling and just take the animals. There are lots of rideable moose and caribou (for learners). We can commute to work on those -- take the kids to soccer practice on the sport utility moose. If we could get them to eat junk mail or lawn clippings, it would be a totally free means of transportation. -- Jay Beattie.
> WASHINGTON — If Congress were to open up the Arctic National > Wildlife Refuge to drilling, crude oil prices would probably drop > by an average of only 75 cents a barrel, according to Department of > Energy projections issued Thursday.
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> The report, which was requested in December by Sen. Ted Stevens, > R-Alaska, found that oil production in the refuge "is not projected > to have a large impact on world oil prices."
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> But the report also finds that opening ANWR could have other > benefits, particularly in Alaska, where tapping the resources in > the Arctic refuge could extend the lifespan of the trans-Alaska > pipeline. It estimates that if Congress agreed to open ANWR this > year, Alaskan oil could hit the market in about 10 years.
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that looks like bs to me. Drilling ANWR has virtually no chance of causing the global price of oil to drop.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs. Wellhead extraction costs since 2000 have only increased about 14%, transportation costs have remained almost level, and the price point is established at the delivery point (pipeline terminus or input flange on a tanker).
While US consumption is dropping, China's demand grew 12 % over last year. Supply has gone essentially flat as oil producers struggle to make up for ongoing declines in big fields. Prices will rise exponentially until they cause enough demand destruction in wealthy economies to balance supply and demand.
Robert
Somewhat true. But demand is not in constriction, nor will it be, nor has it ever been. I recall that in 1973, there was a gas station in Manhattan that (briefly) charged about $3 per gallon and had lines, so long as they had gas. So long as money is more elastic than supply, demand will grow. Note also, China has its CPEC pipeline in place, thus taking prices from the tap, not speculators.
I would avoid the word "exponential" unless math has taken a logical holiday.
On May 23, 12:07 pm, "Sandy" <[email hidden]> wrote:
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> Completetly correct. The speculation on pricing, as well as the cartel > price and volume setttings, are the only things that really influence the > rise in costs. Yes... follow the money. Who in the US makes money off expensive oil? Who is in charge of the government? Who is good "friends" with the Saudis?
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Not good enough judging by the last pow-wow. -- Jay Beattie.
Righ...t. How do you think that last meeting came down? "King, will you increase production to help our poor and middle class, wink-wink." "Uh, sorry George, can't do that."
Wow. That is sinister. I would call you paranoid, except that you are probably right. -- Jay Beattie.
Ah, well, that'll make my life so much better. I say we go for it! </sarcasm> for the humor-impaired.
Quoted message said:
Quoted message said:
By the time that oil makes it to market, it will probably cost something like 400$/barrel. But the timely arrival of this petroleum on the market will delay the price's progression to 410$/barrel by about 23 minutes. That's really going to be exciting stuff for consumers. So by all means let's start the drilling now.
Jay Beattie said:
I think we should skip the drilling and just take the animals. There are lots of rideable moose and caribou (for learners). We can commute to work on those -- take the kids to soccer practice on the sport utility moose. If we could get them to eat junk mail or lawn clippings, it would be a totally free means of transportation. -- Jay
How 'bout the Law of Unintended Consequences? Do you recall the taunting pun on 'moussaka' in 'My Big Fat Greek Wedding'?? -- Andrew Muzi <www.yellowjersey.org/> Open every day since 1 April, 1971 ** Posted from http://www.teranews.com **
Darwinism, born in ideological struggle, has never escaped from an intimate reciprocal relationship with worldviews exported from and imported into the science. No one challenges the claim that evolutionary theory has had a wide effect on social theory. It is a cliché of cultural history that the explanation of evolution by natural selection served as an ideological justification for laissez-faire capitalism and the colonial domination of the lesser breeds without the law
- Richard Lewontin
This clown must be a French philosopher: they can make liquid [censored] smell like roses, until you try to extract a singular meaning by translating their liquid phrases into a logical language like English or German. Laissez-faire economics have their own justification built in, Adam Smith's "hidden hand", and Social Darwinism has long been thoroughly discredited among Anglo-Saxon scholars. In any event, Darwinism is a description of a random statistical event iterating itself; no actual scientist with, for instance, dreams of racial superiority could mistake it for support for his political leanings. Basically, science and Darwinism are mutually compatible, science and social darwinism of any kind are fundamentally incompatible.
>> WASHINGTON — If Congress were to open up the Arctic National >> Wildlife Refuge to drilling, crude oil prices would probably >> drop by an average of only 75 cents a barrel, according to >> Department of Energy projections issued Thursday.
>> The report, which was requested in December by Sen. Ted Stevens, >> R-Alaska, found that oil production in the refuge "is not >> projected to have a large impact on world oil prices."
>> But the report also finds that opening ANWR could have other >> benefits, particularly in Alaska, where tapping the resources in >> the Arctic refuge could extend the lifespan of the trans-Alaska >> pipeline. It estimates that if Congress agreed to open ANWR this >> year, Alaskan oil could hit the market in about 10 years.
>> [more]
> that looks like bs to me. Drilling ANWR has virtually no chance > of causing the global price of oil to drop.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs. Wellhead extraction costs since 2000 have only increased about 14%, transportation costs have remained almost level, and the price point is established at the delivery point (pipeline terminus or input flange on a tanker).
While US consumption is dropping, China's demand grew 12 % over last year. Supply has gone essentially flat as oil producers struggle to make up for ongoing declines in big fields. Prices will rise exponentially until they cause enough demand destruction in wealthy economies to balance supply and demand.
Somewhat true. But demand is not in constriction, nor will it be, nor has it ever been.
Continuing population growth, if nothing else, will ensure this. Continually increasing energy consumption per capita will multiply this.
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I recall that in 1973, there was a gas station in Manhattan that (briefly) charged about $3 per gallon and had lines, so long as they had gas. So long as money is more elastic than supply, demand will grow. Note also, China has its CPEC pipeline in place, thus taking prices from the tap, not speculators.
Rapidly increasing demand in China and India, stable to gradually increasing demand in much of the rest of the world, combined with what appears to be the peak oil phenomenon in action.
Completetly correct. The speculation on pricing, as well as the cartel price and volume setttings, are the only things that really influence the rise in costs.
Yes... follow the money. Who in the US makes money off expensive oil? Who is in charge of the government? Who is good "friends" with the Saudis?
While you're hinting at the Bush family, it's much broader than that. Just since 2000, consider the secret "energy policy" task force convened by Cheney that basically consisted of the oil industry. Consider that the various high level policy and bureaucratic positions within the various parts of the administration concerned with energy has been a musical chair game, swapping high-powered roles among various representatives of the oil industry. But consider that between 1992 and 2000, it wasn't much different.
On May 23, 12:52 pm, Ron Ruff <[email hidden]> wrote: > Yes... follow the money. Who in the US makes money off expensive > oil? Who is in charge of the government? Who is good "friends" > with the Saudis?
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Not good enough judging by the last pow-wow. -- Jay Beattie.
Righ...t. How do you think that last meeting came down? "King, will you increase production to help our poor and middle class, wink-wink." "Uh, sorry George, can't do that."
Wow. That is sinister. I would call you paranoid, except that you are probably right.
Just because you're paranoid doesn't mean they're not out to get you.
