BLM has deferred many thousands of acres for oil & gas leasing in the hingeline
area because of "endangered sage grouse". Yet the state of Utah has an annual
hunting season for sage grouse. This is ridiculous and should be publicized
widely. Our nation and your state are not served by this kind of irrational
extremism. I have protested to BLM, and urge the state of Utah to, also.
Ever ask yourself in Utah, why the gas prices are lower there than anywhere else
on this Earth, it's because they hoard it, and won't share with the rest of the
country. Wentworth Energy Inc. plans to buy a major land position in a project
in Utah's Unita Basin.The Fort Worth-based oil and gas exploration and
development company plans to buy an initial 600-acre lease in the project area
and then add several large land plots to its holdings.There are about 100
million to 500 million barrels a day of recoverable oil on the project,
according to historical geological reports.
Peak oil isnt a theory, its a proven equation. It happens in EVERY field. It
happened in the US in the 70s. It will happen (already has) in the world.
Nothing you can do will stop it. Looks at Hubberts law. Oil is finite. This
latest rise in oil is just the beginning due to lack of supply. Go see your
broker and buy some oil and gas stocks.
Why dont you give some facts to support your belief that oil didnt peak in 06?
Look at the EIA numbers and strip out the NGLs and oil peaked. Who in there
right mind wouldn't be producing oil at 130 if they had it? What are the supply
and demand numbers worlwide? We wont produce over 87 barrels of oil per day.
One question for you. Name the four largest oil fields that supply 25% of the
worlds supply. Three out of the four have peaked and are depleting at a minimum
of 4-5%. Where is the supply to overcome that depletion going to come from? I
dare you to find a three fields in the last 30 years that will overcome this
depletion. When Ghawar hits peak (some say it already has) there is no way we
will ever overcome the loss in supply. Give me some numbers, or go back to your
third grade econ class.
and his cronies are nuts. Peak oil doesn't exist, and peak oil extremists have
to change their peak oil dates every year. Why? Because as oil companies invest
profits to find more oil, reserves continue to go up. For example, the peak
oilers last expected "peak oil" to hit in July 2006. Yet the world's oil supply
continues to increase, according to the International OIl Market report.The price of oil is cyclical. When the price is low, companies don't spend
much on exploration. Demand increases, the price rises, and it becomes
profitable to explore. Supply catches up with demand, and the price drops. Look
at the stats, or call your broker and talk to the oil investment guy. It's about
a 10 to 12 year cycle. We're at the top end of the cycle right now. The thing
that's hurting oil prices as much as anything is the weak U.S. dollar. It's not
big oil and it's not the government. It's simple, 3rd grade economics.
The last time I was ABLE to buy gasoline for $3.999was last Friday
evening, May 23rd at a Valero station in California's Central Valley. Tuesday at
an ARCO (know as the cheapest station around) it was $4.029. Wednesday (same
ARCO it was $4.079. Thursday night (same station) > $4.119. Last night,May 30, (same ARCO) it was $4.159!! Today, May 31, another ARCO (known to be
the lowest in its town) it's now $4.199. That is an increase of $0.20 in ONE WEEK!!! If this TREND does not stop it will TANK the whole
American economy. Higher prices and fewer consumers equals mass layoffs and
this current Recession willdevelop into Another GREAT DEPRESSION!! Big
Time!!The man at the top is usually the one blamed for BAD Things.
The old saying is applied, "The Buck StopsHear/There". If
this TREND doesn't stop soon, the name George W. Bush will mostly likely (in
future U.S. History Books) be in the same basic place as that of the late
President Herbert Hoover (early 1930's).I HOPE this doesn't happen.
I'm registed as aRepublican, but I'm still NOT sure who will get my vote
in November.God Bless.
This story is a crock. I live out here in oil country and know that the oil
refineries cannot keep up with the crude being hauled out of here. There are a
lot of times they don't know what to do with it.
So far, only becomeducated is close to correct on why oil prices are high. It
really is a supply/demand issue, and its a world traded commodity. It isn't big
oil, OPEC, speculation, or whatever conspiracy theory many of you seem to want
to believe. Look at the facts please. The world oil supply is peaking (not
that we have used up half of the reserves, but we cannot produce any more than
currently). The US peaked production in the 70's, and now the world is peaking.
Its called Hubberts theory. It is simple Econ 101 in oil now. We must
conserve and try to find as much alternative fuel as possible. If you think oil
is high now, just wait. Stop blaming others and read about peak oil and learn
I don't know if anyone has read "The Giving Tree" by Shel Silverstein but I
think it has an important message about how the earth is here to provide for us,
wants to provide for us, and at the same time we need to respect it and protect
it. It's absurd for the liberals to think we would put an oil well
on the top of Half Dome in Yosemite if we found oil there, just as it is absurd
for us to think that if liberals had there way they would take us back to the
times of "Little House On the Prarie". Just as Unions were a good
thing to help stop horrendous labor practices, Environmentalism has helped us to
watch what we do a little more with our aluminum cans, plastic bottles,
littering, etc. But I think that we need to realize that we can be
conservationists and be willing to tap every resourse our earth has to offer us
at the same time. It'll take some rational minds to come up with the plan
however.We all need to becomse less hardline and see the full
picture of our purpose and the earths purpose.
Nice try sallying up to the ole neocon spiel and American big oil lies.OPEC still sells at a benchmark 1/2 that of the futures traded oil prices!The environmentalism fall-back doesn't hold up anymore and hasn't since
the year after Bush was first elected.Why's the prices high? 1st, because the crude oil is being traded like pork bellies for the
benefit of go-between capitalist pigs who contribute nothing to the economy
except driving prices up through their greed an non-productive profit taking.2nd, because big oil (and Utah's refineries) have not had a shortage of
crude, but have instead backed off on refinery output, thereby artifically
creating a shortage of fuel in the marketplace, that in turn artifically drives
prices at the pump up... which accounts for the quarter-after-quarter record
profits of the oil companies... all due to monopolistic price gouging and
all.Mr. AH, get a life and quit be a dupe for the very companies
that don't give a flying rats arse for how you blindly support them, all the
while taking advantage of weakened government oversight and even less
responsibility to a 'real' free market economy.Time to treat
oil/fuel as a public utility.
To AH @ 12:58You must have been in the same place for 45 years if
you have not seen any discontinued oil operations dumps.
"Production from an oil well declines naturally over time," said Tom Chidsey,
petroleum section chief for the Utah Geological Survey. How can this be won't
there always be as much oil as we need? Isn't it really a conspiracy between
the Bush Administration and the oil companies? There are always these rumors
about capped wells that are capped in order to raise prices. This may be true,
but how many of you out there have held on to a piece of property or stock
waiting for the price to rise? Why didn't you sell it below what you had paid
for it in order to please the buyer? Besides those who claim to know of capped
wells are nothing but rumor mongers. This information is more highly classified
in oil companies than are our highest military secrets. Always it comes from
someone whose friend or relative who knows someone that works for the oil
company. There is much more rumor and misinformation on this subject than almost
anything, especially in a tight oil market. An example of this are the opinions
look up saudiaramco and learn who the biggest and most profitable company is!
let us not forget we are at the mercy of OPEC and the environmentalist (who in
my opinion are the biggest wasters of fossil fuels to get to where they need to
go to complain and make a radical show)! And by the way the big trucks wont ruin
nine mile canyon they have been traveling those roads as long as I can remember
and I am 45 Years old! its the hands of so called disrespectful humans that
cause places like nine mile to be ruined! most oilwells that are dry are usually
P&A'd before the drilling rig leaves location and the locations that i have been
around have not turned into dump yards and I have seen alot!
WHAT! Oil fields producing less than half of what they did 40 years ago? Isn't
that as telling as ever could be?I live out here in the oil patch
and am not easily put off or deceived by the manner and way in which oil
production statistics are explained to throw the consumer and government
regulators off track.Note, the operating word here is 'producing,'
when the word should be 'reserves,' meaning oil that's been tapped and simply
needs to be pumped. Fact is, there is more oil that's been tapped into and
accessed than 40 years ago, it's just not being pumped according to supply &
demand needs, but is being held back to trick the pricing upwards.Also, Utah's crude oil is very waxy and sulfurous, making it difficult to
refine, which the local refiners will say is the reason refining is down... but
it's not true as Utah's refineries are built to handle this specific type of
oil. Fact is, Utah refineries are as deep in with the oil companies
at large in their manipulating supply to drive up prices to unprecedented
highs.Maybe it's time to treat oil-fuel as a 'public utility'
That is why our gas is still cheaper than many places?
George W. Bush has direct ties to oil.Dick Cheney has ties to energy
people.Condoleeza Rice has an oil tanker named after her.We
tried desperately to warn you ...but you voted for Bush/Cheney anyway.
Really no one cares that Nine Mile Canyon will be wiped out--come on Jeff. It's
not the drilling that kills everything, but rather the amount of truck
traffic.The other issue is you apparently haven't lived in a
community where once an oil well dries up, the companies just leave the site to
turn into a dump yard. If the companies would clean up after the drilling is
done and give back to the community, it could all work. Too bad their are those
extremists on both sides like Jeff. Yes you need to drill, but the
multi-million dollar grossing companies could spare a bit to clean up after
Reading most of the naive comments already posted about oil is depressing. Most
of you really need to learn about Peak oil. Stop blaming everyone else. Its
about peak oil and supply. Instead of taking the easy way out and blaming
everyone, including "Big Oil", do something about it. Invest in oil and gas
companies. CONSERVE. Learn about the real issues. Support alternative energy.
The greatest issue we will face in the next decade is Peak Oil. Pull your
heads out of the sand and learn the facts. How much oil does the US use each
day?...Over 20 million barrels!! All of ANWAR would only supply the US for
about a year. We are in trouble as a nation, and Peak Oil is what its about.
What you are seeing is the supply and demand curve in action. Companies that
make big screen t.v.'s have learned that they can force more demand by pricing
t.v.'s lower thereby making more profit by selling to more people. The oil
companies on the other hand, have discovered that American's demand for oil
stays the same regardless of the price charged. We are an oil hungry nation.
By slowly raising the cost, they can continue to increase their profits. The
only solution is to create extra supply (which the oil companies won't do), or
lower our demand.
There's plenty of blame to go around. As long as Congress and the legislators
around the country bow down to the environmentalists, we will continue to have
this problem. Wasn't it Kansas that was supposed to build a refinery and the
governor vetoed it? Here in Utah, the refineries don't want to refine the high
wax content crude from the Uintah Basin. It's cheaper and easier for them to
get their crude from Canada, so they ARE capping wells in Utah. I wish someone
with big pockets and the guts to take on SUWA and the Sierra Club would build a
new refinery in Utah, but prices would go down if we did that so the local oil
companies aren't interested. Give me a good hybrid, but oh, I forgot, they
don't sell them in Utah! You have to go out of state and buy one in California.
The environmentalists are the ones to blame, not the lack of oil. They are the
ones who have blocked all new development and exploration of oil drilling
stations both on land and in the ocean. Let them pay higher prices, and let us
normal folks with real jobs pay normal prices.
The question I have is when WE are going to stop letting the environmentalists
control our lives and our country. We are giving them free reign to destroy our
economy and our way of life and there is little or no backlash against them.
Someone needs to organize a revolt to take our country back from them.
And those same environmentalists then protest the wind turbines for shredding
the birds that fly into them and the footprint of land that solar power stations
require. You can't win with environmentalists.
I won't matter if we do find more oil. The slimy oil companies will still
continue to charge an arm and a leg (and make record porfits) for any new oil.
I wonder how much higher prices have to go before the environmentalists get
over-ruled? I guess I see the potential for an improved trade deficit,
reduction of national debt, strengthened dollar and ultimately an international
increase in production and decrease in price to try to discourage, again, our
own production.What's wrong with that picture?
Ask the Wilderness Society, SUWA, NRDC or Sierra Club this question: Where
should we drill for oil? There head-in-the-sand answer will be that we
shouldn't, we should only focus in conservation, wind and solar power. Fill your
tank up with that unreasonable nonsense!
The factors contributing to the current gasoline prices, that Republicans have
been a strong supporter of initiatives to develop and adopt new technologies,
demanding to build more "moon-shine-stills, where researchers described the
potential for cellulosic ethanol production and industry leaders reported on
their plans to build more alternative fuel station in Florida and throughout the
United States", but the question of "double talk" still remains, WHY DON'T THEY
WRITE UP THE PROPER WORDING IN A BILL, and DEMAND THAT BIG OIL INVEST THEIR HUGE
QUARTERLY PROFIT'S or 2/3 of it INTO REFINERIES to REFINE the stock piles of
crude we have laying around in our OWN barrels here in America per se, from the
LARGEST OIL STRIKE IN UTAH, as well as other States to, and turn it into gas for
our cars now with the added 10% per gal moonshine?. This was NOT DONE in the
past 30 years. WHY?.
Does it seem that every news article, or story about the cost of oil and the
price we pay at the pump just makes excuses for the rising prices?In
an age where I'm now paying a quarter of what I did for my first computer and
flat screen TV's have dropped from $10,000 to under $2000 in the past 5 years,
shouldn't I be getting a better or the same price on my gas as I did 5 years
ago?I know I'm a bit naive about the whole thing but I thought that
the advancement of technology is for the betterment of society in both making us
more comfortable and doing it at a lower cost? Someone's getting fat
rich off of these oil prices, and I know that we're getting stabbed at the pump
while someone is sitting back on their 123ft floating uberliner somewhere off
the south of France! I would like to thank whomever that is for making me
changing my family vacation from Disneyland to Lagoon!
It has been rumored that a new well discovered by wolverine in Mayfield which is
capable of producing on par with the sigurd well