Bachmanns $2 gas, what if Obama promises $1 gas?

How many barrels per day from Cheasepeake 6 wells?

 

You get the oil where you can. Tar sands have made Canada the world's 6th largest producer and biggest US supplier. It isn't pretty but it works.

 

We can't produce 9 million barrels a day from Tar sands.

 

Neither can we. In excess of 1 million, yes! 9 million, no! Not yet anyway.

 

I would have voted for Barack Carter, but that wasn't an option.

 

If it wasn't economically viable - as you claimed - Canada wouldn't be selling us oil from the same source.

Regardless: it is also not the only form of oil we can collect. We have supply chain throttling, both in the raw supply itself, and in refining it.

As well as the onerous regulations that surround domestic drilling and refining. It would be possible for Bachmann to correct many of the injustices at the Federal level wrt to drilling/refining restrictions - and stupid regulation - and return us to a pricing level that was reality not that long ago.

I therefore voted Bachmann as more credible.

 

Six wells is only the beginning. Why are you poo pooing this? If you read the 4 articles I've just shown you and don't see that there is huge potential here I give up. I've got more though if you're interested.

Between the Texas and North Dakota fields there are litterally 100s of billions of recoverable oil. That's exciting, job creating, recession busting stuff. Why don't you care? Why doesn't Obama care?

The Shale fields in Colorado are the biggest of all. Different problem to get at the oil though. Probably would require some thorium reactors to heat the shale. Again, exciting potential though. This is the United Stated of America my friend. There are many things we could be doing to unleash our economy. Why isn't Obama talking about any of them?

 

Canadian oil is more expensive than OPEC oil..

Bachman can't correct squat.

If domestic oil prices return to $2 a gallon.. domestic producers will go belly up.

 

Canadian oil is more expensive than OPEC oil..

Bachman can't correct squat.

If domestic oil prices return to $2 a gallon.. domestic producers will go belly up.

 

I know and there are NO economies of scale because 79% of US wells produce less than 50 barrels a day.

 

RAND corp. estimated the cost of production at $20/bbl using Shell oil's process.

Why don't you tell us why this is a bad thing?

 

I think the new frac wells are doing just a bit better than that. Here is a report from one company in North Dakota.

Brigham also announced that it has brought on line to production seven additional wells in North Dakota since its last operational release and to date has completed 68 consecutive long lateral high frac stage wells at an average early 24-hour peak rate of approximately 2,831 barrels of oil equivalent

 

Barack Carter the 7 minute ab guy?

 

There really isn't a problem in the supply chain.. Just in time inventory is economical...and an industry standard.

You will note that there have been NO shortages at the pump.

And do remember that KSA and Kuwait increased production twice earlier this summer.

 

What is OIL EQUIVALENT?

 

Well, gas was under $2 a gallon when Obama took office.......

 

Sorry, no:
Last Updated: March 19, 2008: 11:35 AM EDT
Motorists should expect to pay upwards of $3.75
NEW YORK (CNNMoney.com) -- Gasoline has hit record levels - and experts say it will likely continue to soar in tandem with the skyrocketing price of crude.

 

http://money.cnn.com/2008/03/10/news/economy/gas_prices/index.htm

 

Remember the one promise he made and is keeping? "Energy prices would necessarly skyrocket." Thanks libes for condemning the USA to high gas prices, but then again, without them you wouldn't have an "evil rich oil company" to complain about in draconian fashion.

 

Did you expect to buy cheap gas again?

 

She can do it if she nationalized all the oil companies and subsidized the living crap out all imported oil and paid for it all with tax increases ....

 

Ah... you want socialism.

The result would be gas prices at $8 a gallon at the pump.

 

you do recall that crude oil has been skyrocketing long before Obama became President right?..even before he was a senator...

 

Yes.. I am well aware of that.. Part of it is geopolitical, part of it is the devaluation of the US dollar and part of it is the increased consumption of emerging nations who's standard of living is rapidly improving.

 

I dont know where you got that idea..I merely pointed out that in order to affect gas prices .. bachmann would have to seize control of the oil and refining industries and subsidize imported oil . She would have to pay for all the sudsidies with taxes so as to not increase any deficit and devalue the currency.

I didnt advocate this action.. its just the only feasible way she could hold her promise.