Capitalism versus socialism

WestlinnDuck

Someone once said, “Drill baby, drill. Someone once said, “We can’t drill our way to lower energy prices”. One was a very smart politician and the other was an economic moron. For all you leftards that don’t do capitalism – there is a real world economic laboratory out there and this thing called history.



https://pjmedia.com/instapundit/



BUT ALL THE BEST PEOPLE* TOLD ME THAT WE COULDN’T DRILL OUR WAY TO ENERGY EFFICIENCY: North Dakota Is Producing As Much Oil As The Entire Country Of Venezuela.

2001400ex

When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.

UW_Doog_Bot

2001400ex said:

When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.

The lower limit is about $35 a barrel now. It's almost like economic cycles in a free market provide downward pressure on costs from suppliers...

PurpleThrobber

2001400ex said:

When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.

Oil is fine until about $50 - then it’s kind of a shit show for drillers and service companies.

It’s about $40 as the shit show point for the producers.

PurpleThrobber

UW_Doog_Bot said:

2001400ex said:

When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.

The lower limit is about $35 a barrel now. It's almost like economic cycles in a free market provide downward pressure on costs from suppliers...

Damn you. Ten minutes smarter.

oregonblitzkrieg

That's great, but who gives a shit in the long run if we don't find an alternative for oil.

UW_Doog_Bot

oregonblitzkrieg said:

That's great, but who gives a shit in the long run if we don't find an alternative for oil.

In the long run we are all dead.

CuntWaffle

I’m just scared about when we run out of oil in 2014 like all the predictions say

oregonblitzkrieg

Finding an oil alternative = putting the Middle East back in the Stone Age where they belong. Where they want to be.

2001400ex

Natural gas should be there as an alternative. But the oil companies won't allow it. Imagine retrofitting every house for a connection to your car.

Then develop some actual renewable resource in the mean time.

And to the OP. When a large percentage of the market is speculators. Oil prices don't necessarily follow normal supply and demand principles.

WestlinnDuck

Like he said, in the long-term we are all dead. We have lots of natural gas. The world has lots of uranium. We have lots of coal. The Germans by 1945 were running their war machine on gas from coal. Eventually, we will figure out fusion. Our only limits is the limits that government puts on the private capitalistic sector. Which was the point of my post. Leaving our national energy policy up to the government “experts” gets us ethanol in our gasoline and government road blocks to fracking and the exportation of LNG.

pawz

WestlinnDuck said:

Someone once said, “Drill baby, drill. Someone once said, “We can’t drill our way to lower energy prices”. One was a very smart politician and the other was an economic moron. For all you leftards that don’t do capitalism – there is a real world economic laboratory out there and this thing called history.



https://pjmedia.com/instapundit/



BUT ALL THE BEST PEOPLE* TOLD ME THAT WE COULDN’T DRILL OUR WAY TO ENERGY EFFICIENCY: North Dakota Is Producing As Much Oil As The Entire Country Of Venezuela.

The answer is always ABUNDANCE.

PIIHB

SFGbob

2001400ex said:

Natural gas should be there as an alternative. But the oil companies won't allow it. Imagine retrofitting every house for a connection to your car.

Then develop some actual renewable resource in the mean time.

And to the OP. When a large percentage of the market is speculators. Oil prices don't necessarily follow normal supply and demand principles.

Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?

PurpleThrobber

SFGbob said:

2001400ex said:

Natural gas should be there as an alternative. But the oil companies won't allow it. Imagine retrofitting every house for a connection to your car.

Then develop some actual renewable resource in the mean time.

And to the OP. When a large percentage of the market is speculators. Oil prices don't necessarily follow normal supply and demand principles.

Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?

Generally.

Just depends on the infrastructure available to carry the gas to market. In lots of places, the gas is just flared off and burned.

2001400ex

SFGbob said:

2001400ex said:

Natural gas should be there as an alternative. But the oil companies won't allow it. Imagine retrofitting every house for a connection to your car.

Then develop some actual renewable resource in the mean time.

And to the OP. When a large percentage of the market is speculators. Oil prices don't necessarily follow normal supply and demand principles.

Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?

No. But I'd expect you to think that. Why else don't we really have natural gas cars here while other countries have them all over?

SFGbob

I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative

UW_Doog_Bot

FYI UW already built this prototype and is building a larger scale one and/or putting funds together last I read.

UW fusion reactor concept could be cheaper than coal

I think I will probably live to see fossil fuels no longer be the dominant industry in the energy market but that's only one market of many that oil is an input for.

PurpleThrobber

SFGbob said:

I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative

The margin on NG is tiny.

There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so.

2001400ex

SFGbob said:

I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative

Because they can't control delivery. That's handled by utility companies. I've already stated that.

2001400ex

PurpleThrobber said:

SFGbob said:

I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative

The margin on NG is tiny.

There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so.

I'm hearing that supply and demand forces would cause the price to increase if there were several million CNG cars on the road.

UW_Doog_Bot

PurpleThrobber said:

SFGbob said:

I can’t think of any reason why an oil company that is also in the NG business wouldn’t allow NG to be used as an alternative

The margin on NG is tiny.

There was a phase back in 2010 where NG was around $11/mcf but it has hovered between $2 and $4.50/mcf for the last 7 years or so.

More than anything while people think that the energy and oil markets are a set of oligopolies they really aren't.



It's a fabrication of the Left and a mythos from the days of Standard Oil to think there's some kind of cabal capable of controlling the market like that.