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Comments about ‘Estonia company wants to pull 2.6 billion barrels of oil from Utah’

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Published: Saturday, July 13 2013 1:05 p.m. MDT

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Dixie Dan
Saint George, UT

What benefit would Utah/USA receive by selling this oil overseas? Wouldn't it be better to keep the oil for ourselves and use it when the next embargo takes place?

RCS
Orem, UT

I hope we (Utahns) are not so foolish that we sell our birthright (Utah natural resources) to others outside the state. Let's have Utah companies do the Utah drilling and keep the jobs and money right here in our state. This is not a hard one to figure out what is best for Utah. Eastonia . . . work in your own neighborhood. Thanks for the offer, but No Thanks.

Doug10
Roosevelt, UT

RCS

Does Halliburton have a head office in SLC, or what about Newfield Production who is the largest oil producer in Utah. Neither of these firms are based out of Utah yet they employee thousands locally.

If this company can withdraw the oil without using water they should be given the chance. There are enough checks and balances in place that it makes it nearly impossible to get a new company in the industry off the ground.

More power to them and the infrastructure it will bring to the Uintah Basin.

DN Subscriber
Cottonwood Heights, UT

Sorry, folks, keeping our resources here in Utah is not a good idea. Just how much coal can we use here? Or shale oil? Or whatever.

The free market will allow commodities to flow where there is the greatest demand and highest price. We can take the money from that and buy commodities we need, but do not have, in Utah.

Kind of like we make a lot more electricity than we need, and sell it to the folks in California who don't like smelly old electric generating plants in their neighborhood. We should be charging them a LOT more for the electricity!

Kings Court
Alpine, UT

Utah charges the least amount of royalty taxes (by far) than the other Rocky Mountain states, so this oil wouldn't benefit us that much until they (the GOP) quit giving our natural resources away.

Irony Guy
Bountiful, Utah

Utah's severance tax on oil is 5%; ND is 12%; Alaska takes 25%. What is motivating our legislators to enrich Estonians by letting them take our resources for next to nothing?

The Real Maverick
Orem, UT

"What benefit would Utah/USA receive by selling this oil overseas? Wouldn't it be better to keep the oil for ourselves and use it when the next embargo takes place?"

Not according to the free market! The free market demands that we sell our resources to the highest bidder!

And the way our tax system here in Utah heavily favors businesses, we the people won't see any benefit. Just a few legislators who will be bought off my this company.

Any wonder why our country is in the state that it's in? We value the free market and corrupt politics more than our own country and natural resources. We are quickly becoming a third world country. A country to be pillaged for its people and resources.

Can anyone stop this train from going over this cliff?

JimInSLC
Salt Lake City, UT

The State of Utah should mine and refine this resource and sell it in state at a reasonable profit markup, which will probably be less than current gas prices. This will create competition that will force other gas companies to either lower the price of their product or leave. The profits of this State owned/operated refinery could then be used to help finance building and repair of state infrastructure projects.

Gas is sold on the world market. The reason for the keystone pipeline is to get the tar sands oil from Canada to a port so that it can be sold and shipped to the world, ie. China. They had tried to get a pipeline built in Canada to ports in British Columbia, but the Canadian people would not allow it. When the pipeline ruptures polluting the waters of a primary source of potable water, we'll understand why the Canadian's did not permit it.

Keystone pipeline is presented to the US people as a jobs builder, It is only going to make the Koch Brothers more money. And when the inevitable accident happens, US taxpayers will be charged for the clean up.

sherlock holmes
Eastern, UT

Not a bad article. Good to see some positive exposure for Enefit.

But this company's project in Utah has a lot going for it: little water usage, project is mostly on private land, 30+ years of experience with shale, no fracking (though fracking is not a big issue with Utah geology and depth of the resource), and the company reps are doing a good job of informing the public of their plans.

The article did not mention, and probably should have, that Brazil has an active oil shale processing plant, decent size, that has been running for a few years. It is not like there is no proven technology to make this a successful project. Both Enefit and Brazil are enjoying successes.

Hutterite
American Fork, UT

Jim, I predict that both the keystone XL and Northern Gateway pipeline to prince rupert will be built. It will take a while, but economic pressures will prevail.

carman
Wasatch Front, UT

To The Real Mavrick:

re: "Any wonder why our country is in the state that it's in?"

No need to wonder. Pro-business states like Utah are a rare exception in an increasingly "hostile-to-business" country. Most of the largest states economically (CA, NJ, IL, MA, PA, NY, etc. have, for the past 60 years, turned increasingly liberal and hostile to business. If more states were like UT, TX and (to a degree) FL, this country would be doing just fine. Instead we jack up taxes, make it expensive to hire and retain employees, then hand out increasing welfare benefits to those at the bottom of the economic ladder who have been put out of work by these insane economic and tax policies. Ironically, it is mostly the low-value-added laborers that the high taxes, high mandated benefits and high regulation put out of work. So the libs continue to create a death spiral for businesses that hurts the poor and under-educated the most, then want to blame the other side for the problems.

The best way to solve our problems is to get people back to work. That will require more business friendly policies...

Kralon
HUNTINGTON BEACH, CA

I'm good with this as long as the top 50 executives of Enefit will move, with their families, to the Utah land they will mine and live there for at least three generations. Then, I will trust what they say.

Reasonable Person
Layton, UT

Keystone XL is designed to move oil across the US, to the Gulf, where it can be sold at higher prices on the world spot market.

Thank God Utah doesn't have its grimy fingers on more of our public lands, else it'd all be sold to developers and land scrapers.

cjb
Bountiful, UT

How is it that a Utah company didn't come up with this? I've also read that a Canadian company has developed such technology.

LDS Liberal
Farmington, UT

Perhaps Estonia can just make something up, such as;

Utah is hiding Weapons of Mass Destruction,
or
We are secretly training terrorists.

Then they can invade us, and just take it.

Happy Valley Heretic
Orem, UT

Didn't Brother Brigham mention something about digging for riches?

Strip mines are beautiful, and carman is essentially saying if we don't "give it away" to corporations (corporate welfare) then we'll have to give welfare to the employees of said company so that the executives and shareholders can continue to see record profits, while having the government subsidize there businesses, poor business model. (walmart model)

Why were the fifties so great? 50% corporate taxes forced business to pay employees better and reinvest to keep it from being taxed, but then the conservatives with reagan thought those good business men would do this if we let them keep more profit. They were completely wrong.

RedShirtMIT
Cambridge, MA

Those of you who think that the oil will be shipped outside the US are ignorant. In Utah, most of the oil that we used is produced in Utah or nearby in the surrounding states. We are too far from the coasts to import/export the oil.

If you have a hard time with allowing a foreign company to come in and extract the oil, ask yourself if you have a hard time Toyota, Lexus, Honda, Accura, BMW, Porsche, Ferrari, Audi, Fiat, Mini, or any of the other foreign owned car companies?

Shawn S.
OGDEN, UT

Once again well to do environmentalist are backing our country into screw the working poor, we have a trust fund.

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