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) <
li...@packetflux.com> 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 <dmilho...@wletc.com
> <javascript:_e(%7B%7D,'cvml','dmilho...@wletc.com');>> 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 <cknauer.li...@gmail.com
>> <javascript:_e(%7B%7D,'cvml','cknauer.li...@gmail.com');>> 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
>>> <j.mcke...@veloxinetbroadband.com
>>> <javascript:_e(%7B%7D,'cvml','j.mcke...@veloxinetbroadband.com');>>
>>> wrote:
>>> > From what I've read the drop is pretty much exclusively because of
>>> OPEC.
>>> >
>>> >
>>> > On Tuesday, January 13, 2015, Erich Kaiser <
>>> er...@northcentraltower.com
>>> <javascript:_e(%7B%7D,'cvml','er...@northcentraltower.com');>>
>>> > 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 <
>>> thatoneguyst...@gmail.com
>>> <javascript:_e(%7B%7D,'cvml','thatoneguyst...@gmail.com');>>
>>> >> 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
>>> >>> <par...@cyberbroadband.net
>>> <javascript:_e(%7B%7D,'cvml','par...@cyberbroadband.net');>> 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: af@afmug.com <javascript:_e(%7B%7D,'cvml','af@afmug.com');>
>>> >>>> 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: af@afmug.com <javascript:_e(%7B%7D,'cvml','af@afmug.com');>
>>> >>>> Subject: Re: [AFMUG] Gas Prices
>>> >>>>
>>> >>>> Thanks Obama! (he gets blamed for EVERYTHING, right??)
>>> >>>>
>>> >>>> On Tue, Jan 13, 2015 at 8:41 AM, Josh Luthman
>>> >>>> <j...@imaginenetworksllc.com
>>> <javascript:_e(%7B%7D,'cvml','j...@imaginenetworksllc.com');>> 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" <bwireless...@gmail.com
>>> <javascript:_e(%7B%7D,'cvml','bwireless...@gmail.com');>>
>>> >>>>> wrote:
>>> >>>>>>
>>> >>>>>> 1.75 here in my area
>>> >>>>>>
>>> >>>>>> On Jan 13, 2015 9:35 AM, "Vlad Sedov" <v...@atlasok.com
>>> <javascript:_e(%7B%7D,'cvml','v...@atlasok.com');>> 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
>>> >>
>>> >>
>>> >
>>>
>>
>>
>> --
>>
>
>
