The Jetfuel Conspiracy

[FlyFastLiveSlow]

Can you name a system of government that would be more 'effective' at promoting general welfare?

Last time I checked, "capitalism" is not a form of government.

CAPITALISM, noun:
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

 

[Smacktard]

Last time I checked, "capitalism" is not a form of government.

CAPITALISM, noun:
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

Ok, true that, name another economic and social system that will promote the general welfare...

 

[jetwash]

Canada has welcomed massive, open investment from the U.S. and the inflows and development of new oilfields are huge.

The only reason Canada has welcomed the US investment is because of NAFTA. They have no choice.

NAFTA allows us the unrestricted access to the natural resources of Canada, in particularly the oil sands in Alberta. So if the politicians in the US kill NAFTA the Canadians can slow down the amount of oil being exported to the US which is what many Canadians are talking about. They don't want us to drain all the oil in the next 80 or 90 years. They want it to slow it down so it lasts 150 more years.

Just last week the Canadian Prime Minister said if the US wants to open up NAFTA then the oil agreement will also have to be renegotiated as well.

 

[lowecur]

Oil down big time today

Why?

Because the FTC will be opening up an investigation into the manipulation of oil by everyone from Big Oil to the traders. In reading the article, they refer back to the fines some of the oil companies have received in the past and it's peanuts. I guess the max they can fine them is $1M per day...not alot when they are making $10.4B per Q ie: Exxon.

http://www.ajc.com/news/content/news/stories/2008/05/01/GASPRICES.html

imp:​

 

[Ticker]

Well... its nice to know I'll have company in the 're-education centers' when one of the three socialists takes over.

I'll bring the beer!

 

[JFReservist]

I'll bring the beer!

Beer is for the proletariat, Comrade Ticker... we will all drink vodka. A half ration for you at that, for your disruption!

 

[jetflyer]

Why?

Because the FTC will be opening up an investigation into the manipulation of oil by everyone from Big Oil to the traders. In reading the article, they refer back to the fines some of the oil companies have received in the past and it's peanuts. I guess the max they can fine them is $1M per day...not alot when they are making $10.4B per Q ie: Exxon.

http://www.ajc.com/news/content/news/stories/2008/05/01/GASPRICES.html

imp:​

Oil is up today. Why? Maybe because Bloomberg says Russia's oil output may have peaked.....
Russian April Oil Output Falls to Lowest in 18 Months

(Bloomberg) -- Russia, the world's second-largest oil supplier, produced the least amount of crude in 18 months in April as aging fields and rising costs threaten the country with the first annual decline in oil output in a decade.

Production dropped to 9.72 million barrels a day (39.8 million metric tons a month), 0.8 percent less than in April last year and only slightly higher than in October 2006, according to data released today by CDU TEK, the dispatch center for the Energy Ministry. Compared with March, output fell 0.4 percent.

Russia's output may have peaked as producers struggle with aging fields, rising costs and increasingly remote new deposits, Moscow-based OAO Lukoil and OAO TNK-BP, the country's two- biggest independent oil companies, said in April. The finance and energy ministries are working on tax-cut proposals by July to stimulate investment.

Are they past peak? Probably. There is a LOT of oil left to tap in Siberia, but like happened to the USA after its peak in 1970 at 10mbd, when the Gulf of Mexico and Alaska oil were later brought to production this only stopped production in the USA from falling temporarily.

OPEC's production was less in 2006 than 2005
OPEC's production was less in 2007 than 2006

For every one barrel decrease in consumption in the USA from the USA's slowdown consumption increases by 14 barrels of oil in China/India/and Brazil alone.

Oil will probably go back down to $100/barrel soon to meet its moving 200 day moving average which is normal for a bull market but don't expect it to stay down there for long. This is NOT a bubble. We are entering a new energy paradigm where demand is going up faster than supply and it is going to take the slow learners out there a while to figure this out.

 

[lowecur]

Oil is up today. Why? Maybe because Bloomberg says Russia's oil output may have peaked.....

I'm in a another camp, but for different reasons. It all boils down to my prognostication that the world economy is headed for a cliff. Am I right?....who knows for sure....but by this time next year we'll have a pretty good handle on where things are going (once the stimulus pkg has worked it's way thru the economy). If I'm wrong oil will travel the range from $100-$200. If I'm right, oil will trade $70-90. The caveat in my answer is how dangerous the world will get as economies faulter. Attacks by militant groups will find it much smoother sailing as US military and counter terrorism groups will have less money to spend.

The consumer rules the roost in the US, and they will be propped up by the stimulus pkg until the election is over. Housing is toast for another 4 to 5 yrs, and the US multinational corps (that are presently keeping equities high), will run into a road block as the dollar strengthens to fight inflation.

Hope I'm wrong, but that's my tale of the tape.

imp: ​

 

[jetflyer]

I'm in a another camp, but for different reasons. It all boils down to my prognostication that the world economy is headed for a cliff. Am I right?....who knows for sure....but by this time next year we'll have a pretty good handle on where things are going (once the stimulus pkg has worked it's way thru the economy). If I'm wrong oil will travel the range from $100-$200. If I'm right, oil will trade $70-90. The caveat in my answer is how dangerous the world will get as economies faulter. Attacks by militant groups will find it much smoother sailing as US military and counter terrorism groups will have less money to spend.

The consumer rules the roost in the US, and they will be propped up by the stimulus pkg until the election is over. Housing is toast for another 4 to 5 yrs, and the US multinational corps (that are presently keeping equities high), will run into a road block as the dollar strengthens to fight inflation.

Hope I'm wrong, but that's my tale of the tape.

imp: ​

Well, I think you're right about a slowdown coming around the elections, but I question whether it will be a worldwide slowdown or just a U.S. slowdown. The rest of the world seems to be doing fine especially China/India/Brasil and they're increasing oil consumption at phenomenal rates.

I think it's possible to have the U.S. after about the elections like you say, have declining GDP but have the rest of the world simply slow their rates of growth.

I also think after a bounce in the Dollar Index to no higher than 80 the U.S. dollar will continue its decline. There are simply too many global imbalances with the U.S. and the rest of the world that have a lot further to be worked out and a weaker dollar is one way of fixing them.

Jet

 

[SuperFLUF]

The solution to high jet fuel prices

The coal to oil technology is here now and is certified. The military is using it and it yields around the equivalent of $55 a barrel oil. Even with the plans to recapture and use the CO2 emissions from the process the greenies are still blocking it from wide scale use here in the US. We have at least enough coal to last another 200 years at our current rate of consumption. With the coal we have, we could reduce our foreign oil reliance to zero. That would have too many positive effects to even list here. But the greenies have the Dems by the huevos so nothing gets through the legislative process.


Maybe the garbage to oil plan will get the greenies on board. Even though this is two years away, it could be the saving grace. Buy the coal-oil fuel from S.Africa now and produce our own in a few years.


Jet fuel from garbage?

http://www.biomassmagazine.com/article.jsp?article_id=1584



International event to discuss biobased jet fuel

By Jerry W. Kram


Solena Group, a Washington, D.C.-based company developing a commercial-scale biobased jet fuel production plant, will be discussing synthetic aviation fuel at the ASTM International Aviation Subcommittee meeting in Warsaw, Poland, on June 3-5.

Among other topics, the meeting will include updates on proposals for aviation fuels produced from the Fischer-Tropsch process and a review of a fully synthetic aviation fuel produced by South Africa-based Sasol for the Johannesburg International Airport. In early April, the company became the first in the world to receive international approval for its 100 percent synthetic jet fuel produced by its proprietary coal-to-liquids process. The approval, which was sanctioned by global aviation fuel specification authorities, allows the company’s fully synthetic fuel to be used in commercial airliners. Sasol claims the engine-out emissions of its jet fuel are lower than those from crude-oil-based jet fuel due to its limited sulfur content.

Solena intends to build its biobased jet fuel facility in Gilroy, Calif. The company is in the permitting and engineering phase of development, and the plant is scheduled to be operational in 2011. It will produce 17 MMgy of syngas generated from municipal, agricultural and forestry waste provided by Norcal Waste Systems Inc., one of California’s largest municipal waste and biomass collectors.

The Solena facility will be developed, designed, built, owned and operated by several corporations, including Solena and Rentech Inc., a coal-to-liquid production company that will use the biobased syngas as a replacement for syngas generated from coal or natural gas. Financing for the $250 million plant is being arranged in London. Solena’s production process incorporates a high-temperature gasification reactor powered by a plasma heating system. The biobased syngas is then cooled, cleaned and funneled through Rentech’s Fischer Tropsch technology into equipment that converts it to clean-diesel liquid fuel, which is then upgraded to jet fuel. The fuel can withstand temperatures down to 50 degrees below zero, according to Robert Do, chief executive officer of Solena.