Capitalism versus socialism
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.
Comments
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When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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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...2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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Oil is fine until about $50 - then it’s kind of a shit show for drillers and service companies.2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
It’s about $40 as the shit show point for the producers. -
Damn you. Ten minutes smarter.UW_Doog_Bot said:
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...2001400ex said:When oil drops below $60 a barrel. What happens to oil production in North Dakota? Axen for a fren.
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That's great, but who gives a shit in the long run if we don't find an alternative for oil.
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In the long run we are all dead.oregonblitzkrieg said:That's great, but who gives a shit in the long run if we don't find an alternative for oil.
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I’m just scared about when we run out of oil in 2014 like all the predictions say
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Finding an oil alternative = putting the Middle East back in the Stone Age where they belong. Where they want to be.
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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. -
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.
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The answer is always ABUNDANCE.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.
PIIHB
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Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?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. -
Generally.SFGbob said:
Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?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.
Just depends on the infrastructure available to carry the gas to market. In lots of places, the gas is just flared off and burned.
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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 said:
Given the connection between the two during the drilling process, arent pretty much all oil companies also in the natural gas business?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. -
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
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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. -
The margin on NG is tiny.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
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.
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Because they can't control delivery. That's handled by utility companies. I've already stated that.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
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I'm hearing that supply and demand forces would cause the price to increase if there were several million CNG cars on the road.PurpleThrobber said:
The margin on NG is tiny.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
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.PurpleThrobber said:
The margin on NG is tiny.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
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.
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. -
Truth.UW_Doog_Bot said:
More than anything while people think that the energy and oil markets are a set of oligopolies they really aren't.PurpleThrobber said:
The margin on NG is tiny.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
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.
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.
There are hundreds, if not thousands of independent producers in the US.
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Who controls refining and delivery of oil/gas?UW_Doog_Bot said:
More than anything while people think that the energy and oil markets are a set of oligopolies they really aren't.PurpleThrobber said:
The margin on NG is tiny.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
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.
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. -
The Bilderburgs or the Stonecutters I forget which2001400ex said:
Who controls refining and delivery of oil/gas?UW_Doog_Bot said:
More than anything while people think that the energy and oil markets are a set of oligopolies they really aren't.PurpleThrobber said:
The margin on NG is tiny.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
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.
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. -
Socialism is a bad idea. BAD!
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Yes, corky, socialism and its tenets are bad. Centralized governmental control of "the means of production" and the "equitable distribution of wealth" are very bad ideas. Socialism is ultimately incompatible with our constitutional republic as it violates our inherent rights.jecornel said:Socialism is a bad idea. BAD!
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UW_Doog_Bot said:
In the long run we are all dead.oregonblitzkrieg said:That's great, but who gives a shit in the long run if we don't find an alternative for oil.
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The Dems have wanted the constitution gone forever! Not Americans!Southerndawg said:
Yes, corky, socialism and its tenets are bad. Centralized governmental control of "the means of production" and the "equitable distribution of wealth" are very bad ideas. Socialism is ultimately incompatible with our constitutional republic as it violates our inherent rights.jecornel said:Socialism is a bad idea. BAD!
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Sad they don't teach this in the schools and universities anymore. If they did, we would not be where we are today with a movement of retards demanding Marxism and wanting to live under socialism/communism instead of capitalism.Southerndawg said:
Yes, corky, socialism and its tenets are bad. Centralized governmental control of "the means of production" and the "equitable distribution of wealth" are very bad ideas. Socialism is ultimately incompatible with our constitutional republic as it violates our inherent rights.jecornel said:Socialism is a bad idea. BAD!
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Tear the entire rotten education system down and rebuild it. It has been a colossal failure. Trump needs to start devoting time and energy to this. The education system is an existential threat to the republic in its current form because it's churning out a bunch of Marxists, fascists and racists who don't respect freedom, have no knowledge of history and who view the Constitution as a white privilege document.
Reform it now or Civil War later. Everyone can see where this is heading. Take your pick. -
Nothing screams communism like being a ducks fan
