They are already moving to other projects. Regardless of your beliefs, they are very sharp! There was a recent documentary on this...very informative...I will see if I can find it
Jaime Solorza Wireless Systems Architect 915-861-1390 On Wed, Jan 14, 2015 at 9:56 PM, Sean Heskett <[email protected]> wrote: > The Saudi prince knows this and if we move to renewables then his country > becomes a desert once again. > > As long as they have oil they will fight to remain viable...wouldn't you. > > They have tested and know very well the price elasticity of oil. They > don't want competitors, wether it's other oil producers (franking and tar > sands) or renewable energy. > > Keep oil at a certain price and everyone keeps using it. > > -Sean > > > > > On Wednesday, January 14, 2015, Forrest Christian (List Account) < > [email protected]> wrote: > >> For our future, and totally ignoring the short-term repercussions,one of >> the best things I think that could happen is that the price of oil to go to >> like $250/barrel and stay there. >> >> We really need to spend the money as a country on moving to whatever's >> next. There are a lot of viable options which should have costs lower than >> oil. Unfortunately at $50/barrel the R&D and infrastructure buildout costs >> look silly to spend. (Why spend billions moving to something that costs >> basically the same as what we have, with an infrastructure already in >> place). At the $100/barrel pricing things were finally starting to move >> in the right direction. At even higher, all of a sudden the political and >> financial motivation is there to make what should be happening happen. >> >> On Wed, Jan 14, 2015 at 5:59 AM, David Milholen <[email protected]> >> wrote: >> >>> Its a ploy to slow production of more energy efficient vehicles. >>> >>> On 1/14/2015 5:30 AM, Forrest Christian (List Account) wrote: >>> >>> There's an old, insightful joke about "what is the best price to sell >>> barrels of oil for", which states that it's something like "$100, $100, >>> $100, $100, $20, $20, $100, $100, $100....." >>> >>> At $100 everyone is eager to turn up production and do things like >>> hydraulic fracturing. At $20, there's a lot of hurt in those same >>> industries. There is a lot of political and economic force in the ability >>> to effectively increase and decrease the rarity of a commodity, and as a >>> side effect, it's price, with a turn of a valve. With additional US >>> sources coming online, and OPEC deciding not to cut production, there's now >>> a glut in the market. The question is ... at what level is this >>> sustainable stateside? I haven't seen a good analysis of the impact of >>> these lower crude prices on domestic production and more importantly our >>> willingness to invest in growth of our production capabilities. >>> >>> Personally, I have mixed feelings. I like the price of gas when I >>> get to the pump, but I also sell into the oil industry, which I sure hope >>> continues to drill wells, since it's very good for my bottom line. >>> >>> -forrest >>> >>> On Tue, Jan 13, 2015 at 6:58 PM, Caleb Knauer <[email protected]> >>> wrote: >>> >>>> Yep. Shuts down the oil sands (for a bit), slaps Russia/Venezuela in >>>> the face, cranks down on the mid-tier producers like Nigeria trying to >>>> squeeze into the market, etc. It's multiple birds with one stone. US >>>> oil production will drop, oil sands bubble will pop, and all sorts of >>>> gloom and doom until prices naturally go back up and we spin up >>>> production again. The oil guys will take a hammering and I feel bad >>>> for them, but all bubbles burst. A lot of Americans will have a net >>>> benefit. Macroeconomics is complex. >>>> >>>> On Tue, Jan 13, 2015 at 8:40 PM, Jason McKemie >>>> <[email protected]> wrote: >>>> > From what I've read the drop is pretty much exclusively because of >>>> OPEC. >>>> > >>>> > >>>> > On Tuesday, January 13, 2015, Erich Kaiser < >>>> [email protected]> >>>> > wrote: >>>> >> >>>> >> I think a lot of the low prices are due to abundance of oil right >>>> here in >>>> >> the US from Fracking and Tar sands from Canada. I bet eventually >>>> when the >>>> >> additional pipeline capacity is completed it may drive things even >>>> lower, >>>> >> but that is just my thought. >>>> >> >>>> >> It would be nice if they could do the same with grain. >>>> >> >>>> >> >>>> >> On Tue, Jan 13, 2015 at 12:53 PM, That One Guy < >>>> [email protected]> >>>> >> wrote: >>>> >>> >>>> >>> I dont know how petroleum stores, the costs of operating, etc. But >>>> I look >>>> >>> at it as right now being a great time to get in on it, when the >>>> rubber band >>>> >>> snaps, you would already be at peak production capacity, without >>>> the export >>>> >>> and shipping to get it to its destination, in North America at >>>> least. This >>>> >>> is an artificially deflated market, it cant be sustained since it is >>>> >>> inherently and artificially inflated market. >>>> >>> >>>> >>> On Tue, Jan 13, 2015 at 12:19 PM, CBB - Jay Fuller >>>> >>> <[email protected]> wrote: >>>> >>>> >>>> >>>> >>>> >>>> The investment has already been made to build the wells. I know it >>>> >>>> would suck, but why not shut them down until the price goes up >>>> again, then >>>> >>>> just resume production? Even under new ownership? Doesn't sound >>>> like a >>>> >>>> permanent problem to me... >>>> >>>> >>>> >>>> >>>> >>>> ----- Original Message ----- >>>> >>>> From: Bill Prince >>>> >>>> To: [email protected] >>>> >>>> Sent: Tuesday, January 13, 2015 10:23 AM >>>> >>>> Subject: Re: [AFMUG] Gas Prices >>>> >>>> >>>> >>>> It's Saudi Arabia trying to squeeze out all the marginal producers. >>>> >>>> Initially it will be Russia and some of the other marginals like >>>> Iraq & >>>> >>>> Iran. >>>> >>>> >>>> >>>> Pretty sure the shale oil and tar sands guys are hurting big time >>>> right >>>> >>>> now. >>>> >>>> >>>> >>>> bp >>>> >>>> <part15sbs{at}gmail{dot}com> >>>> >>>> >>>> >>>> On 1/13/2015 8:03 AM, Chuck McCown wrote: >>>> >>>> >>>> >>>> I wonder what is really driving the price down. Fracking, OPEC >>>> >>>> diaspora, CAFE improvements, Russia problems ??? >>>> >>>> >>>> >>>> From: Jeremy >>>> >>>> Sent: Tuesday, January 13, 2015 8:54 AM >>>> >>>> To: [email protected] >>>> >>>> Subject: Re: [AFMUG] Gas Prices >>>> >>>> >>>> >>>> Thanks Obama! (he gets blamed for EVERYTHING, right??) >>>> >>>> >>>> >>>> On Tue, Jan 13, 2015 at 8:41 AM, Josh Luthman >>>> >>>> <[email protected]> wrote: >>>> >>>>> >>>> >>>>> Same up here in Ohio. >>>> >>>>> >>>> >>>>> Josh Luthman >>>> >>>>> Office: 937-552-2340 >>>> >>>>> Direct: 937-552-2343 >>>> >>>>> 1100 Wayne St >>>> >>>>> Suite 1337 >>>> >>>>> Troy, OH 45373 >>>> >>>>> >>>> >>>>> On Jan 13, 2015 10:35 AM, "joseph marsh" <[email protected]> >>>> >>>>> wrote: >>>> >>>>>> >>>> >>>>>> 1.75 here in my area >>>> >>>>>> >>>> >>>>>> On Jan 13, 2015 9:35 AM, "Vlad Sedov" <[email protected]> wrote: >>>> >>>>>>> >>>> >>>>>>> $1.50 to $1.55 in oklahoma city.. crazy. >>>> >>>>>>> >>>> >>>>>>> vlad >>>> >>>>>>> >>>> >>>>>>> On 1/13/2015 9:32 AM, Travis Johnson wrote: >>>> >>>>>>>> >>>> >>>>>>>> I never thought I would see gas prices this low. We have >>>> stations at >>>> >>>>>>>> $1.71/gallon in our area right now. :) >>>> >>>>>>>> >>>> >>>>>>>> Travis >>>> >>>>>>> >>>> >>>>>>> >>>> >>>> >>>> >>>> >>>> >>>> >>>> >>> >>>> >>> >>>> >>> >>>> >>> -- >>>> >>> All parts should go together without forcing. You must remember >>>> that the >>>> >>> parts you are reassembling were disassembled by you. Therefore, if >>>> you can't >>>> >>> get them together again, there must be a reason. By all means, do >>>> not use a >>>> >>> hammer. -- IBM maintenance manual, 1925 >>>> >> >>>> >> >>>> > >>>> >>> >>> >>> -- >>> >> >>
