70 buck a barrel oil matched by rising airfares...talk of rationing.

[mzaharis]

No we are not. I am buying a still this week and am going to start making my own fuel from grain. Screw the oil companies. I am not going to wait for them to build more refining capacity or discover new reserves. We are NEVER POWERLESS

You know, I was trying to mimic the Alcoholics Anonymous 12 step program - don't quite know how they'd feel about distilling!!!! :laugh:

Oh well, as long as it ends up in the fuel tank!!! Good luck, and be safe!

 

[LowCarb]

12

Mzaharris

 

[LowCarb]

12 Step Program

Mzaharris-I got that and it WAS funny! I'm a small time oil investor and I'm tellin ya'll that if I could pump it out of the ground any faster, I would...I sure as heck wouldn't leave it in there...it helps pay my mortgage!
The business (the oil and gas business) today is WAY different than it was 50 years ago, the old timers have told me, who've been around and wached the US oil scene go from boom to bust. Sure, technology has improved a lot, but it's WAY harder to get the stuff out of the ground when you do find it. Use to be you could just poke a hole in the ground, stand back and get out of the way cause the reservour pressure was just so great...
Nowadays you have to sweet talk the black goo with carbon dioxide, water or gas injection just to motivate it. It's a COMPLICATED and hideously EXPENSIVE process. There's nothing more frustrating than investing tens of thousands of dollars into a drilling project and then having to wait as the stuff trickles out ...slowly, oh, so slowly!! (except maybee investing 50 grand and years of eating only Top Ramen to get that precious 23K a year RJ Job!)
This morning, I'm headed down from Wisconsin to a little town in East Texas called New London, where my dad was raised. At one time, they had so much oil comming out of the ground that their school district was the richest in the country...now, its almost a ghost town, population 491 or some such number.

 

[jetflyer]

....I'm tellin ya'll that if I could pump it out of the ground any faster, I would...I sure as heck wouldn't leave it in there...it helps pay my mortgage!
The business (the oil and gas business) today is WAY different than it was 50 years ago, the old timers have told me, who've been around and wached the US oil scene go from boom to bust. Sure, technology has improved a lot, but it's WAY harder to get the stuff out of the ground when you do find it. Use to be you could just poke a hole in the ground, stand back and get out of the way cause the reservour pressure was just so great...
Nowadays you have to sweet talk the black goo with carbon dioxide, water or gas injection just to motivate it. It's a COMPLICATED and hideously EXPENSIVE process. There's nothing more frustrating than investing tens of thousands of dollars into a drilling project and then having to wait as the stuff trickles out ...slowly, oh, so slowly!! .........

Lowcarb,
You described what the Crazies would say is the problem of PEAK OIL of an oil field. The pressure is great at first then declines and you then have to inject carbon dioxide, gas, or water to raise the reservoir pressures and you still get less and less out each year.

The crazies that believe in Peak oil say that since the U.S. went from pumping 9.6 million barrels a day in 1970 to 5.4 million barrels a day today that the U.S. passed its peak oil in 1970.

From: http://www.energybulletin.net/primer.php

Of the 65 largest oil producing countries in the world, up to 54 have past their peak of production and are now in decline, including the USA (in 1970/71) and the North Sea (in 2001).

Scaremongerers!! NOT TRUE! They're intentionally holding back oil to raise the price

I think those fields that have lost their reservoir pressure in Texas and all over the world will soon replenish themselves from the oil created in the center of the Earth

Other GIANT OIL FIELDS that will soon replenish themselves include these great oil fields from our past that have gone into decline:
Oseberg
Brent
Gullfaks
Prudhoe
Slaughter
Romashkino
Forties
Samotior
North Sea

Two recently added to the decline list:
Burgan of Kuwait in March 2005
Cantarell of Mexico sometime in 2005 according to Mexico

An oilfield none of us want to see go into decline but many say is very close:
Ghawar of Saudi Arabia where over half their oil comes from and 5-6% of the world's oil.

My not so expert opinion:$20.00/ barrel oil will be back any day now......
Can you imagine how good our airlines are going to do when oil gets back to $20.00/barrel!!?? I can't wait! The good ole days of 89Cent/gallon gasoline will be back any day now!

Jet

 

[CrimsonEclipse]

Present price of light sweet crude. $69/barrel

que $20/barrel in 3...2...1...now......no no...NOW... no, I mean NOW!.

If you watch the show "Mind of Mencia" you'll recognise this quote:

DUR DI-DUR!!!

CE

 

[molson247]

uhh Jet, wasn't it no more then 2 months ago or so that you we're all into the Peak oil theory and the world was doomed?? What's up?

 

[jetflyer]

Molson,

I was brainwashed by the crazies that preach their peak oil bunk. I learned recently that oil is made in the center of the earth(Abiotic oil theory). I just bought me a HUMMER!!

The claim that 54 out of 65 of the world's largest oil producers have passed their Peak Oil is completely CRAZY and unfounded because those countries' oil fields will be replenished with the oil from the center of the earth any day now!!

Sites like this one below that introduce people to the Peak Oil religious Mumbo Jumbo should be shut down by deeeeeee guv-a-mint:
http://www.energybulletin.net/primer.php

There will never be an oil crisis. The oil countries of the world are claiming that they are "PUMPING FULL TILT". Mumbo Jumbo!! I have a hunch they're lying. Once the global economy starts to get bad, the oil producing countries of the world will all at once say, "HAH, HAD YA GOING!! lol, here's your precious oil!"

It's also just a matter of time before the oil fields start to refill. My sources deep inside the earth are telling me it will be real soon. Flightinfo member "Lowcarb" will be insanely happy when his oil fields start to refill with new oil!!

Don't Worry, Be Happy!! Life is Good. Nothing will ever change!!

Except: Oil will be $20.00 any day now!! From Crimson: "DUR DI-DUR!!!"

:nuts::laugh:

Jet

 

[cynic]

Congrats jetflyer, you are the first to make it on my ignore list.

 

[LowCarb]

jetflyer- you know, I've been kinda down lately with oil comming out so slowly and bills to pay....but now with my newfound knowledge about oil "replentishing itself from the center of the earth", I'm starting to get downright giddy...I'm calling my wife first thing tomorrow morning and telling her that I'm on the fast track to "insanely happy"!!! She'll be thrilled!!

 

[jetflyer]

Lol Lowcarb,

I'm glad to be the one to tell you the good news! Plus when you become a multi-multi-millionaire don't forget those like me that helped ya get there k? Plus there's no happiness like "insane happiness".

Now go enjoy a beer!:beer:

Jet

 

[Dangerkitty]

Lol Lowcarb,

I'm glad to be the one to tell you the good news! Plus when you become a multi-multi-millionaire don't forget those like me that helped ya get there k? Plus there's no happiness like "insane happiness".

Now go enjoy a beer!:beer:

Jet

Dude,

You have freaking lost it. Please shut the f up.

 

[atpcliff]

Hi!

I'll tell U exactly who's fault it is. The leader of our country is in charge, and he is there to lead us, which means working to solve the big problems to the best of his ability.

Nixon and Carter did something.

Ford, Reagan, Bush, Clinton and Bush did absolutely nothing. They are at fault.

GW Bush can save himself by getting off his a$$ and doing something about Oil now, but it'll be pretty tough for him at the rate things are going for his administration.

Unfortunately, until we have a new President, Congress is best choice to do something. I don't see them doing anything.

I think WalMart is the answer. If WalMart demands highly efficient vehicles, they will get them, which will spillover to the general public. I'm going to try that tactic.

Cliff
YIP

 

[FN FAL]

Dude,

You have freaking lost it. Please shut the f up.

If this change in Jetflyr is not a pun, it almost reminds me when this born again, HT1 Salter. He was a diver from my unit that fell off the wagon, got divorced and started nailing hookers and gambling. It was so unsettling, it actually freaked out the whole crew. We had long accepted him as the boat Baptist...it made the boat complete, just like on the movie/tv show MASH. Everybody played their part.

Then, when Salter busted his move, lookout...you didn't know what to think.

Moral of the story? I don't know about jetflyr, but If I remember correctly, I think Salter married one of those catalogue brides from the Philipines and got all straight laced, then when he found out he was just a mark...he tipped over.

 

[A Squared]

Ummm, folks. I thought it was rather obvious, but it appears that some hadn't caught it. Jetflyer is employing the literary device known as irony. Heavyhanded maybe, perhaps even a little annoying, but irony, nonetheless. That's right folks, he doesn't really *mean* what he's saying, and that's apparently sailing right over several heads.

 

[FN FAL]

Ummm, folks. I thought it was rather obvious, but it appears that some hadn't caught it. Jetflyer is employing the literary device known as irony. Heavyhanded maybe, perhaps even a little annoying, but irony, nonetheless. That's right folks, he doesn't really *mean* what he's saying, and that's apparently sailing right over several heads.

So...you're saying jetflyer isn't just another mark? Because I don't want to see him tip over.