Like the illusion of Wall Street, with its vast and powerful investment banks, now shuttered, China too is an illusion perpetuated by the Globalists that gave us the 15,000 mile Caesar salad, poisoned cat food and lead based paint on babies' pacifiers. Like the illusion that money would come from thin air to always push housing prices higher, China has spent a generation pursuing its illusion. Pursuing an unattainable dream to be like the West, while 6000 years of its carefully shepherded top soil blows into the sea.
Joined: Jul 14, 2004 Posts: 404 Location: The Motor City
Posted: Thu Mar 02, 2006 12:24 pm Post subject: Re: NYT article on Katrina, Rita damage to oil infrastructur
Interesting, Ruppert was pretty much on the mark last fall.
Quote:
Then I asked the single most important question I had brought to the conference. “We know about the hurricane damage to refineries, to the terminals, and that we have lost 108 rigs in the Gulf. But what about the pipelines from rig to shore? If those are down, nothing else matters.”
As usual, Simmons showed no hesitation. “You know why you haven’t heard anything? Because they don’t have any idea. It’s hard to make a report when you don’t know anything. Unfortunately, there are some reports that say that the pipelines aren’t leaking. But so what? They’re not on. Nobody’s turned them on because they don’t know how extensive the damage is and they don’t know whether they’re going to start pumping oil and gas directly into the water.”
If Simmons is correct then that means that all US oil and natural gas production from the Gulf (except for the small portion transported by tanker) is still shut in and whether rigs are standing and refineries are working, as touted in the press, is irrelevant if there’s no way to get the product ashore.
Upon hearing what Simmons had told me, a retired production manager from the Gulf who spoke on condition of anonymity said, “He’s right but I can tell you that the pipeline damage is catastrophic and it’s going to take years to fix.”
Posted: Thu Mar 02, 2006 12:47 pm Post subject: Re: NYT article on Katrina, Rita damage to oil infrastructur
Quote:
Hurricanes do come in cycles, but scientists believed that this cycle will be stronger and more powerful than previous because of global warming.
You might want to read this thread, if you haven't: Link
Climatologists have a lot more understanding of what is causing hurricanes now. The "natural cycle" theory was basically a fudge to deal with something they didn't have a mechanism for. Now they do have the mechanisms. It's still controversial, but my feeling is the climatologists have pretty much reached a consensus that there is no "natural cycle."
Quote:
As for plenty of oil, the SPRs were barely used at all. Only a few million barrels and less than half of what was offered was used.
Not quite true. About 11 million barrels were released from our own SPR, but we also imported millions of barrels of gasoline from Europe and Japan. We imported 35% more gasoline than usual after Katrina.
Quote:
US has refinery constraints, but there are no refinery constraints if environmental laws are lifted and refineries can use lower quality oil or do less processing on lower quality oil. You add the fact that Europe has ample capacity to refine more fuel, which were delivered to US.
Refinery constraints are not the problem. If they were, we would expect heavy, sour crude to be cheap. It's not. It's also near record highs, which suggests that refinery constraints are not the issue.
Posted: Thu Mar 02, 2006 1:25 pm Post subject: Re: NYT article on Katrina, Rita damage to oil infrastructur
Leanan wrote:
You might want to read this thread, if you haven't: Link
Climatologists have a lot more understanding of what is causing hurricanes now. The "natural cycle" theory was basically a fudge to deal with something they didn't have a mechanism for. Now they do have the mechanisms. It's still controversial, but my feeling is the climatologists have pretty much reached a consensus that there is no "natural cycle."
I am not an expert in this area nor do much reading, but I still many experts quote cycles. You can even look at historical data and see patterns.
Quote:
Not quite true. About 11 million barrels were released from our own SPR, but we also imported millions of barrels of gasoline from Europe and Japan. We imported 35% more gasoline than usual after Katrina.
What does not quite true mean?
30mb of oil was available for US, yet less than half of that was withdrawn.
Gasoline and diesel regulations were relaxed to allow EU oil refineries to take up the slack- demonstrating amble refinery capacity in the world.
Quote:
Refinery constraints are not the problem. If they were, we would expect heavy, sour crude to be cheap. It's not. It's also near record highs, which suggests that refinery constraints are not the issue.
Sour crude is cheap!
If you are going to compare in absolute terms, then it is paramount that OPEC and other non-OPEC members be allow to sell on market prices. Many producing nations that have gov't control production agreements have dictate prices based on differential, so you can only compare against differential pricing.
Refinery constraints are the problem. Mexico, Eucador, Saudi Arabia are the countries with biggest heavy, sour crude available on the market with no buyers due to price. If refineries were not a problem, they would buy these instead of sweet crude with astronomical prices.
Posted: Thu Mar 02, 2006 2:37 pm Post subject: Re: NYT article on Katrina, Rita damage to oil infrastructur
Quote:
I am not an expert in this area nor do much reading, but I still many experts quote cycles. You can even look at historical data and see patterns.
Humans see patterns in everything, even when they do not exist. (The face on Mars, for example.) It's what our brains are designed to do.
The pattern I see in this graph is a general uptrend, with a lot of oscillation: Link
Quote:
30mb of oil was available for US, yet less than half of that was withdrawn.
And a lot of gasoline was imported from the SPRs of Europe and Japan. What would have happened without those imports? They're a one-time deal, that have to be replaced.
Quote:
Gasoline and diesel regulations were relaxed to allow EU oil refineries to take up the slack- demonstrating amble refinery capacity in the world.
So you're saying refining capacity is not an issue? In that case, I agree.
Quote:
Sour crude is cheap!
No, it's not. It's cheaper than sweet crude, but it's not cheap by historical standards.
Quote:
If refineries were not a problem, they would buy these instead of sweet crude with astronomical prices.
Posted: Fri Sep 15, 2006 9:34 am Post subject: Attempt upon oil infrastructure
Quote:
Four suicide attackers have been killed in Yemen attempting to blow up oil installations with bomb-laden cars, Yemen's interior ministry says.
Quote:
The attacks also came just a few days after al-Qaeda number-two, Ayman al-Zawahiri, called on Islamic militants to target oil facilities in the Gulf region, the BBC's Heba Saleh says.
Source
First in February it was in Saudi Arabia, now a few months later in Yemen. It won't be a while until they are successful. When that happens... _________________ I want to put out the fires of Hell, and burn down the rewards of Paradise. They block the way to God. I do not want to worship from fear of punishment or for the promise of reward, but simply for the love of God. - Rabia
Joined: May 15, 2005 Posts: 4142 Location: THE MATRIX
Posted: Sat Sep 16, 2006 5:47 am Post subject: Re: Attempt upon oil infrastructure
damn we better hurry up and get the 145000 american terrs out of iraq quickly!! _________________ It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.
Joined: Apr 27, 2007 Posts: 4351 Location: The Great Sonoran Desert
Posted: Sat May 10, 2008 11:54 am Post subject: OTC: $100 trillion needed to rebuild energy infrastructure
Link Not ever gonna happen.
This is what happens when you discount the future for immeadiate gain.
Oh well ...so it goes. _________________ "There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
Joined: Jun 13, 2007 Posts: 3894 Location: Minniesotuh
Posted: Sat May 10, 2008 11:56 am Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
[quote="roccman"Link
Not ever gonna happen.[/quote]
Ah, the difference between POers and the sheeple-we know it won't happen, the sheeple have no doubts that it will happen! _________________ "RRrrruuuunnnn!!!" ~Apocalypto
Last edited by Ferretlover on Mon Jun 23, 2008 11:31 am; edited 1 time in total
Ah, the difference between POers and the sheeple-we know it won't happen, the sheeple have no doubts that it will happen!
Amazing what one can learn when one turns off the TV.
However, there are still plenty here that cannot make that leap down the rabbit hole.
Oh well - so it goes. _________________ "There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins
"... hope is a rotten-thighed whore" Niko Kazantzakis
Posted: Sat May 10, 2008 12:19 pm Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
Quote:
Simmons forecasts that oil prices could hit $200/bbl as global demand increases. He pointed out that the industry had previously sold its best-quality grade of oil at $15/bbl and flared natural gas because it was too costly to develop.
"That was a mistake," he concluded.
I have seen this type of attitude in the mining industry all of my life. Huge reserves destroyed because they just weren’t profitable enough at time. Perfectly good reserves blown up and shoveled out of the way to get to higher grade areas that could produce higher profits. I have always shook my head and thought, “we will regret this some day”.
The day has arrived!
Posted: Sat May 10, 2008 12:44 pm Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
roccman wrote:
Amazing what one can learn when one turns off the TV.
However, there are still plenty here that cannot make that leap down the rabbit hole.
Oh well - so it goes.
You read my mind rock. Unplugging the TV and tossing it in the trash was one happiest days of my life. That was the day I stopped any pretense of being told what to think and starting thinking for myself. See you at the bottom of the rabbit hole.
You cannot post new topics in this forum You cannot reply to topics in this forum You cannot edit your posts in this forum You cannot delete your posts in this forum You cannot vote in polls in this forum
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
