Alaskan Oil???

[Lisnpuppy]

My previous post was not my opinion, here is my opinion.

I have little doubt that politicians are influenced by big corporations & not just oil companies.

These companies can afford to have paid lobbyist in Washington D.C. contacting the politicians and in there face constantly. It is only human nature to bend under that kind of pressure most would.

Nothing would please me more than to outlaw corporate lobbyist, I think it dirties the system.

 

The only other bigger influence is the voters, money talks but politicians live or die by the vote and believe me they pay attention to the election results. They have the demographics of all there supporters (I know someone who handles this kind of information) and what the hot topics are.

I have seen grass root causes make a difference, why? Because they shake up the political balancing act of Republicans vs. Democrats, one side will act thinking that it will tip the scales in their favor & this is really what’s great about America.

 

We should try to stop burning gasoline for our vehicles as soon as possible.

The oil industry is finally shooting themselves in the foot, for years maybe even decades the automotive industry has not pursued gasoline alternatives (which many have been around for a long time) because they were in league with oil companies and it was not cost effective.

Now the big 3 are hurting especially Ford and they have to do something to sell cars, so if the public wants gas alternatives they are now willing to provide them. This is a line they’ve broken & I think it’s a point of no return now. This part of my opinion is contrary to Lindsey William I know but is what I think and hope.

 

For the time being though (I heard about this plan & it seems to be the best) we should not buy gas from the biggest oil company, Exxon Mobil.

The thought being is that if Exxon Mobil’s sales go down they will be forced to lower their prices & the smaller companies will follow along (price war).

 

 

I think..but may be wrong that I just read something about Exxon not producing gas in the US anymore soon as they were...<cough> losing money.

[hoots7]

My previous post was not my opinion, here is my opinion.

For the time being though (I heard about this plan & it seems to be the best) we should not buy gas from the biggest oil company, Exxon Mobil.

The thought being is that if Exxon Mobil’s sales go down they will be forced to lower their prices & the smaller companies will follow along (price war).

 

I think..but may be wrong that I just read something about Exxon not producing gas in the US anymore soon as they were...<cough> losing money.

Don't know where you read that, Exxon has been making record profits, while this month they are starting to lower off.

Maybe we will have some relief.

 

Earnings Releases for XOM

Date Actual Expected Prev Yr Qtr

05/01/2008 2.03 2.14 1.62

02/01/2008 2.13 1.95 1.69

11/01/2007 1.70 1.75 1.77

07/26/2007 1.83 1.96 1.72

Link: http://www.investorguide.com/stock.cgi?ticker=xom

[Lisnpuppy]

My previous post was not my opinion, here is my opinion.

For the time being though (I heard about this plan & it seems to be the best) we should not buy gas from the biggest oil company, Exxon Mobil.

The thought being is that if Exxon Mobil’s sales go down they will be forced to lower their prices & the smaller companies will follow along (price war).

 

I think..but may be wrong that I just read something about Exxon not producing gas in the US anymore soon as they were...<cough> losing money.

Don't know where you read that, Exxon has been making record profits, while this month they are starting to lower off.

Maybe we will have some relief.

 

Earnings Releases for XOM

Date Actual Expected Prev Yr Qtr

05/01/2008 2.03 2.14 1.62

02/01/2008 2.13 1.95 1.69

11/01/2007 1.70 1.75 1.77

07/26/2007 1.83 1.96 1.72

Link: http://www.investorguide.com/stock.cgi?ticker=xom

 

 

This is actually what I read about:

 

http://www.worldontheweb.com/2008/06/13/exxon-pulls-out/

 

it isn't the gas making but retail. sorry about that, but still......

[hoots7]

My previous post was not my opinion, here is my opinion.

For the time being though (I heard about this plan & it seems to be the best) we should not buy gas from the biggest oil company, Exxon Mobil.

The thought being is that if Exxon Mobil's sales go down they will be forced to lower their prices & the smaller companies will follow along (price war).

 

I think..but may be wrong that I just read something about Exxon not producing gas in the US anymore soon as they were...<cough> losing money.

Don't know where you read that, Exxon has been making record profits, while this month they are starting to lower off.

Maybe we will have some relief.

 

Earnings Releases for XOM

Date----------Actual--Expected---Prev Yr Qtr

05/01/2008---2.03---2.14--------1.62

02/01/2008---2.13---1.95--------1.69

11/01/2007---1.70---1.75--------1.77

07/26/2007---1.83---1.96--------1.72

Link: http://www.investorguide.com/stock.cgi?ticker=xom

This is actually what I read about:

http://www.worldontheweb.com/2008/06/13/exxon-pulls-out/

it isn't the gas making but retail. sorry about that, but still......

This is saying that Exxon is starting to get out of the gas station business, not oil business.

They are currently a driller & refiner of oil, they also distibute oil, gasoline & diesel.

Granted Exxon does not make a lot with service stations but this shows us just how confident they are about there sales positions.

Becuase they are willing to let go of control by selling corporate gas stations like others have done.

 

I liked this part from your link.

"This year, Exxon reported record profits of $40 billion in 2007, up 3% from their (also record-breaking) 2006 profits. Oil companies composed three of the top five Fortune 500 companies in 2006, with ExxonMobil, Chevron, and ConocoPhillips placing second, fourth, and fifth respectively."

[Tamujiin]

Think about it. If you start a gas price war, gas will just sky rocket even more. Those people know what they are doing, they control the flow of gas.

 

I agree with the point about VOTES. If you are old enough to vote and are able too then do it. If you dont vote, dont complain when everything comes crashing down.

I hope after Obama gets into office stuff changes. As a matter of fact it will change. Great and good change. Maybe it will be like the late 90's again. I believe we a re falling unco ntolably into the worst world wide depression in history, even out doing the one that led up to world war 2. All somebody needs to do is set off a nuclear bomb and its over with. And that sounds like it could happen pretty damn easy in todays world.

 

In an alternitive perspective if america is going to invaded a country and occupy it. then we should just annex the f-er and be done with it. Impose our will with a strong military campaign. Kill or be killed and screw the geneva convention, and screw the rules of war. Kill em all. Otherwise we have no reason to send our young ones over to die for a cause that isnt clearly defined.

 

I dont belive in an "end time" or "apocolypse" but i do belive in the world going to hell in a hand basket and thats the course we are on. Drilling for oil in alaska isnt the answer. The answer is give every single human a computer, accsess to the internet, and start them gaming. The answer to world peace......right there. Let em fight it out PVP style. Seriously.

[imapain]

DRILL!!! Us, as in humans, have killed off millions of animals and these ecoists are telling me we cant drill due to POSSIBLE extinctions. We hunt, slaughter and kill hundreds of thousands of animals a day and an extra ten thousand at best more animals a day is a problem?! Thats like running a massive crime organization and saying that shoplifting is unnacceptable!!!

 

but what do i know? im just a small little school kid who wastes his day on the computer playing videogames

[myrmaad]

DRILL!!! Us, as in humans, have killed off millions of animals and these ecoists are telling me we cant drill due to POSSIBLE extinctions. We hunt, slaughter and kill hundreds of thousands of animals a day and an extra ten thousand at best more animals a day is a problem?! Thats like running a massive crime organization and saying that shoplifting is unnacceptable!!!

 

but what do i know? im just a small little school kid who wastes his day on the computer playing videogames

 

 

Drilling is not the answer, and anyone who thinks it is, is clearly uneducated on the subject. Drilling in Alaska and offshore WILL NOT lower the price of gas for any of you. Mark my words. Ignore them at your peril.

 

It's only a pipedream to fill your head with unfounded hope so they can get your vote, and then you'll see again, how wrong you all were.

 

I've been following politics for a long time, longer than most of you have been alive. I predicted the invasion of Iraq, before Bush ever entered the white house. Everything I told my friends, family, and anyone who would listen before November of 1999 about what would happen if Bush won the election (which he did not) happened just as I predicted. I have many witnesses, who regret not listening, now.

[Kendo 2]

I've been in the oil and gas business for 26 years. Taking into account inflation and the devaluated US dollar, a gallon of gas is no more expensive now than it was back ing the 1970s. The best way to gauge the value of a gallon of refined gasoline is to compare its' price to that of a loaf of bread or a gallon of milk. They should all ball-park in the same price range. Americans got used to cheap gas and now they are squawking since the market has balanced.

 

A common myth is that 'Big Oil Companies' control the price of gas and the flow of crude to consumers. This is false. Prospectors in New York control the price of a barrel of sweet crude (all oil is judged on its' SO2 content) and trade the futures like baseball cards. The US Government controls how much crude may be produced. One field may be able to produce 20K barrels a day, but is only allowed to pump 2k. Every developed field in the US has had a U.S. Geological Survey done on it at one time. They know how much oil is in the ground (roughly) and will cap the production.

 

I heard on the news recently that Obama has a plan to drill for natural gas in Alaska and NOT increase crude production. Either he's an idiot or he thinks the voters are idiots. He doesn't know (or has ommitted the fact) that natural gas and crude are in the SAME formations. There are two types of drive in a formation, underground salt water (the ocean seeping through the earth's crust) or NATURAL GAS. Those oil fields in Alaska? Gas driven. If those fields are tapped the oil is comming whether it's wanted or not.

 

The price of a barrel of crude will never go back down to the pre-2002 $50.00 US range. India and China have industrialized and that syphons off crude and increases demand. It doesn't matter who gets into the White House, the price of a gallon of unleaded will NOT go down. That's just how it is.

 

Drilling in Alaska is fine. The US Government never declared the land over those fields a designated wilderness area. Every President since Eisenhower has had the chance to do so and they've all passed on it. It's open for development. Out of about 10 million acres maybe 700 will have a footprint on them from the fields' development.

[Michlo]

Read this.

[Timihendrix91]

Maybe the US should get its head out of its arse and really jump on the alternative fuel thing. Other countries have done it...I believe our friend Nosisab's home of Brazil went through a hard bit to get it done.

Yes...So true.

 

Drilling is not the answer, and anyone who thinks it is, is clearly uneducated on the subject. Drilling in Alaska and offshore WILL NOT lower the price of gas for any of you. Mark my words. Ignore them at your peril.

Agreed. Bush's own energy expert admitted that off-shore drilling wouldn't effect prices until about 2023. If we stop wasting money in other areas and invest that in alternative energies, we might be close to being completely indepedent of oil by that time. Of course, people are too lazy to try to conserve and just expect the government to do everything.