The oil companies wouldn't lie to us would they? They love the environment don't they? You can trust them can't you? Sure you can.

LOL

go Al, go...get Data, too:>)

Global Warming is BUNK. Much ado about BULLSHIT. All this God damned shit is some scare tactic to make the populace frightened and scared. A frightened populace is a more controllable populace. Global Warming bah.

Larry Mohr

I think I will sue those that sue the oil companies. Surely all this costly litigation will cause gas prices to rise. Maybe I can get some money from the greenies.

SEE YOU IN DENVER!!!


Bee Swell

Surely all this costly litigation will cause gas prices to rise.

Yeah, great idea! The cost of cigarettes went up after the tobacco litigation. Let's give the oil companies another excise to raise the price of gasoline. Makes sense to me.

Never mind that such litigation has a less than 0 chance of success. But it doesn't matter. The oil companies can claim their legal costs have to be covered.

"Yeah, great idea! The cost of cigarettes went up after the tobacco litigation."

So--do you think cheap cigarettes are a good idea?


"Let's give the oil companies another excise to raise the price of gasoline. Makes sense to me."

Like they need an excuse. All rights come from the government--and oil is a big part of government.


"Never mind that such litigation has a less than 0 chance of success."

Yeah--That's what they said about Big Tobacco.

"But it doesn't matter. The oil companies can claim their legal costs have to be covered."

They can say anything, any time. They can say they need to do more exploration. They can say--kiss my ass--gas is $15.00 a gallon. There is no shortage of excuses. There is only oil company greed and price manipulation.

First of all, not enough data is out there to prove specifically the main cause of global warming. Secondly, even if global warming could be attributable to being man-made you can't narrow it down to only to the oil companies.

All kinds of stuff goes into the atmosphere that could cause -- and as yet none proven -- global warming. Aerosol spray, exhaust fumes, chemicals, crop dusting chemicals, chlorine in a backyard swimming pool, not to mention regular old weather conditions and a zillion other factors.

This lawsuit against the oil companies charging them with being responsible for as yet unproven causes of global warming would be the dumbest -- and most expensive to taxpayers -- lawsuit ever filed.

With the tobacco companies you could easily narrow it down to one chemical -- nicotine -- and a proven conspiracy among big tobacco to keep the knowledge about the dangers of nicotine hidden. You can not do that with the multitude of oil products in its many forms.

First of all you can't prove that oil company products are the main reason for the cause of global warming and even if you did -- which particular oil byproduct is responsible and to what degree? None of that has been proven.

If the global warming nuts think that just because big oil has big pockets they will settle out of court they are sadly mistaken. If big oil picks any court battle they will fight all the way to the Supreme Court it will be this one. The cost if they lost this battle (because they would then be fair game for being sued by every country in the world) would put them out of business.

The only winners in this phoney global warming lawsuit against big oil will be the lawyers and the only losers will be the American taxpayers.

This has already been tried and the case was dismissed.


The science is WAY too unproven to try and "blame" oil companies for producing a product that almost all global consumers demand.

Global warming cultists are a scourge on mankind.

CChris,


Off-topic - I understand your chili was a success.


Congrats! Few things in life are as gratifying as concocting a tasty pot of chili (I am serious).

I think cigarettes should be cheap, inexpensive and if condoms and are given out at school, why not cigarettes.

When my son was born the first thing I did was buy him a zippo lighter and put it in his crib alongside the 9MM my Uncle Bob bought him

just raise the price per gallon and its settled

Even if you win the case the oil companies would not pay the damages.

Exxon still has not paid the Exxon Valdez - Prince William Sound fines and settlements

sue for a "Non-truth", something thats not happening. only in America.

Go after the deep pockets you fucking gold diggers.

There is no evidence that there even is global warming, none that man is causing it if it even existed, and this will drive the price of gas up to you and me.

Larry Mohr,

Without citing a cause or causes, do you agree or disagree that the Earth is experiencing relatively significant climatic change at this time?

We are all complicite.

But there are specific crimes against humanity/society that BIG OIL and the AUTO Industry could be charged with. Pouring Lead into gasoline, buying out and clsoing public transportation all across the country, spilling oil all over the planet, refineries and chemical plants that kill their neighbors.

The track record in this country of the little guy against the big guy in our legal system is not very good. Particularly at the Federal level justice is shackled.

This is awesome. After a protracted court battle, SCOTUS eventually rules that there is no such thing as global warming.

Gore later sued by Nobel Prize committee. They want their money and cedibility back.

Great,

If the bloodsucking lawyers win against the oil companies how long do you think it will be before the go after drivers.

"This is awesome. After a protracted court battle, SCOTUS eventually rules that there is no such thing as global warming.

Gore later sued by Nobel Prize committee. They want their money and cedibility back.

Posted by SE4NY6969 at 2008-05-19 01:58 PM"

...and Se4NY gets a familiar wet, warm feeling in his Sansabelts.

"This is awesome"

YEAH!

It Sure is!

It's sure to bring to the light the details of the super secrete Bush "Energy Bill" for all too finally see!

Red, time for your lithium.

YEAH!

I can't wait to hear what the apologist start blaming when it become apparent to everyone how Bush was and is personally responsible for the huge rise in energy costs!

It will make the Bush ENRON debacle look like wanna -be street corner con games in comparison!

Libs may be as brain dead as the Zombies in The Night of the Living Dead but they are just as relentless. They will never stop until our civilization is in ruins. We may not be able to fortress ourselves in exurbia any longer, we may have to exit and take a stand against this lib madness.

It is just a test case. If it works out, fast food restaurants, breweries, and anything else with a smoke stack or chimney will be sued.

Welcome back to the Carter administration.

Welcome back to the Carter administration.

Posted by EvilDave at 2008-05-19 02:48 PM


YEAH!

Except its worse! This time, instead of defying the terrorist ------ this administration was in bed with them all along!

and this will drive the price of gas up to you and me.


Good, the road is too congested for my morning drive anyhow.

"and this will drive the price of gas up to you and me."

YEAH!

As if the price of gas hasn't already risen 267% since Bush took office! Or more precisely --- since Bush implemented his "Energy Policy"!

It's like you Cultists get dumber everyday!

And with the proceeds, the lawyers will be able to buy all those HUMMERS they always wanted.

Only problem is, globe's getting cooler.

How much did the tobacco lawyers get? 55,000,000,000 - wow! I'm sure this would be worth at least 5 times that with all of these windfall profits. And the States used all of that settlement for so much good, I'm sure with this mother earth will be cleaned up in no time. God, I think I just vomitted in my own mouth... These lawyers should be dis-barred for frivilous BS.

"Go after the deep pockets you fucking gold diggers."

What's wrong with gold diggers?

Sincerely,
John McCain

...and Se4NY gets a familiar wet, warm feeling in his Sansabelts.

Yeah, Monte. I am working it to a pic of Ruth Bader Ginsburg as I type this.

OMG I cars give off CO2...and humans do too! What's next a law suit against God for creating a self polluting individual????

warm feeling in his Sansabelts.

Posted by mOntecOre at 2008-05-19 02:20 PM | Reply

And once again Monty is projecting her old age on someone else.

Look at it this way, Monty. You'll be dead soon; even angry old bitter witches eventually croak.

Gore's renovation project, which he said has been in the works for months,

This is precisely why the term liberal and idiot have become synonymous, and why tort reform should be the number one priority of any presidential candidate that actually had the best for the nation at heart.

Let's see.. if the oil companies STOP providing oil, then... what? We revert to the 19th century?

You obviousl have no clues as usual Goatman. Al Goe TRIED to make His home more energy efecient but the city would not allow Him to do so. It has only been in he past several months they changed their minds and have allowed Al Gore to do so. Funy Dat Be.

Larry Mohr

Al Goe TRIED to make His home more energy efecient but the city would not allow Him to do so.

I've never heard of the government telling anyone they cannot make their homes more energy effecient. Got a link for that, Larry?

My sister lives in Nashville. They let her replace her windows, which is one of the things Al Gore is doing for one of his energy saving projects. I guess Nashville likes my sister better than they like Al. (who doesn't?)

Anyway, Larry -- I'll wait for that link

Larry --

The article says that zoning allowed Al to install solar panels.

He did not need zoning changes to upgrade windows, make ductwork more effecient, install energy effecient lightbulbs, install a rain water collection system.

Why didn't he do those things in the past until waiting until he could no longer explain his blatant hypocrisy. Yes, he needed a zoning change for the solar panels, but not the other items.

Since you seem to be his apologist, I'll await your answer.

BTW, "spew bullshit" "wrong as usual", aren't very good arguements. Funny dat be

Green Goddess Gazette: April 2007

That link doesn't say shit about why Al waited so long to make his home energy effecient, Larry.

Since you can't say it, Larry, I'll say it for you.

Al Gore could've made energy saving solutions for his energy hog of a home, but did not until last summer. He could no longer face the mounting criticism to his extravagent lifestyle, so he finally bowed to public opinion and started making the changes. Yes, he needed a zoning change to install solar panels, but he could've made other energy saving improvements to his house long ago without zoning changes.

There, that wasn't so hard to say now was it, Larry? Funny dat be

He did not need zoning changes to upgrade windows, make ductwork more effecient, install energy effecient lightbulbs, install a rain water collection system.

Why didn't he do those things in the past until waiting until he could no longer explain his blatant hypocrisy. Yes, he needed a zoning change for the solar panels, but not the other items.

Since you seem to be his apologist, I'll await your answer.

BTW, "spew bullshit" "wrong as usual", aren't very good arguements. Funny dat be

Posted by goatman at 2008-05-19 06:43 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

You must get permission before You do these things sans the light bulb deal with a Home Owners Accociation. Especially in those ritzy Hoity Toity Prickazoidal Neighborhoods. Please do try again

Larry Mohr

You must get permission before You do these things sans the light bulb deal with a Home Owners Accociation. Especially in those ritzy Hoity Toity Prickazoidal Neighborhoods. Please do try again


No true, Larry. Please do try again.

Why would a HWA care what you do to your ductwork? Why would they care if you had energy effecient double paned windows instead of single paned? Why would they care that you collect rainwater?

Please do try again.

Why would a HWA care what you do to your ductwork? Why would they care if you had energy effecient double paned windows instead of single paned? Why would they care that you collect rainwater?

Please do try again.

Posted by goatman at 2008-05-19 07:05 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

Ever hear of Building Permits and Code enforcement?? Around these parts even a poor slob like Me has to get a building permit to put sheetrock upon My walls. That includes duct work and the like. Any modifications done to a home at least in cities requires these things. So Yes it needs approval before the job starts. As old as You are I am surprised You don't know this??

Larry Mohr

Don't the people who are suing the oil companies burn oil too? The oil companies don't burn oil, their customers do. Tell the plantiffs they sould be suing every person on the planet who burns oil including themselves.

***** When my son was born the first thing I did was buy him a zippo lighter and put it in his crib alongside the 9MM my Uncle Bob bought him
Posted by timbci ****

.......must be idyllic .......growing up in an Appalachian trailer park..... surrounded by cousins in every trailer ....and a transmission in every yard........

******Only problem is, globe's getting cooler.
Posted by jonryker
Checks thermometer:
data.giss.nasa.gov
What planet are you on?
Posted by Zatoichi *******

........JonRyker's not on a different planet.......

........he's 24inches up Cheney's arsehole, temperatures a little different there.........

With the tobacco companies you could easily narrow it down to one chemical -- nicotine -- and a proven conspiracy among big tobacco to keep the knowledge about the dangers of nicotine hidden. You can not do that with the multitude of oil products in its many forms.

Posted by CalifChris at 2008-05-19 04:47 AM | Reply

The health danger of cigarettes is in the dozens of chemicals that form when tobacco burns. Nicotine is merely the addictive element, but is comparatively benign

and a transmission in every yard........

Posted by skizziks at 2008-05-19 07:30 PM


But their transmissions are automatics. They live on the good side of the tracks. Moose tracks.

"You can not do that with the multitude of oil products in its many forms."

Posted by CalifChris at 2008-05-19 04:47 AM

They are sueing them for conspiring to lie to the Amerrican people, just like they sued the tobacco comanies for conspiring to lie to the American people. They have donated 16 million to companies that distribute misinformation about global warming.

OMG! Don't do that. The oil companies will just flip the bill and penalties back to us. We have no other choice than oil!

We are screwed unless someone brings back an alternate fuel.

They are sueing them for conspiring to lie to the Amerrican people,

Just like a silly american to cut off his nose to spite his face.

Say hello to even higher gas prices as the oil companies have to pay for litigation costs. And if the plaintiffs win?!? Of course they won't, but if they did, that would be good for another couple of bucks a gallon, just as the price of cigarettes went up about a buck after the tobacco industry lawsuits.

Silly Americans! They never learn

Goat,

I am tired of this TOTAL BULLSHIT from you oil company sycophants.

The price of oil has ABSOLUTELY NOTHING to do with the price of production, oil company overhead or anything else. The price of production is pretty much what it was when gas was selling for $2.50/gallon. $20billion in extra taxes on oil companies would raise the cost of production by less than $.01/gallon.

You parrotheads vomit the same bullshit over and over but it does not make it true.

Raising taxes on oil companies will have no effect on the price of gasoline at the pump. Production cost are meaningless when it comes to the price of gasoline at the pump.

The only thing that matters is supply and demand, as any economist will tell you. The oil companies will charge as much as possible regardless of their costs.

You can fine Exxon a few billion bucks but BP and Shell will keep charging whatever the market will bear and Exxon will follow suit.

In the past, you have given some here the impression that you have a few brain cells to rub together, so I have to believe you know this is true. You just prefer to be a lying sack of shit. Either that you you believe the swill FuxNews feeds you and prefer not to use those brain cells god gave you.

" oil companies have to pay for litigation costs. And if the plaintiffs win?!? Of course they won't, but if they did, that would be good for another couple of bucks a gallon"

YEAH!

And on the flip side a "couple of bucks more a gallon" and we WILL have rail and other means on transportation!

" cut off his nose to spite his face" Indeed!

You just prefer to be a lying sack of shit.

I still maintain that any litigation costs and/or fines will be passed on to the consumers. If you think that makes me a lying sack of shit, so be it. You are very naive if you think otherwise, though.

And yes, the oil companies will keep on charging whatever you fools are willing to pay. Don't like the price? Then don't pay it.

And on the flip side a "couple of bucks more a gallon" and we WILL have rail and other means on transportation!

I've been saying this and adovating this very philosophy for months. As recently as yesterday on another thread I said Americans should wean themselves off of oil. But yet there are idiots like Larry and Axe who call me an oil sycophant. LOL. Trust me, an oil sycophant would not advocate the things I do.

But I understand that working on an oil rig I make an easy target for those more weak minded here who don't really understand what I do or say.

Goat,

You posted

"I still maintain that any litigation costs and/or fines will be passed on to the consumers. If you think that makes me a lying sack of shit, so be it. You are very naive if you think otherwise, though.

And yes, the oil companies will keep on charging whatever you fools are willing to pay. Don't like the price? Then don't pay it."

That is a self retorting retort if one was ever written. Do you even read what you type? Can you even see that you are making no sense at all? Are your parroting behaviours so ingrained that you type shit you don't even believe?

The price of oil has ABSOLUTELY NOTHING to do with the price of production

LOL. enlighten me oh oil wizard. How in the world can we drill in 12,000 feet of water, another 35,000 feet below that at the same cost as shallow water or on a land rig that has to used to have to go down maybe 500 feet? ANd the thousands of miles of seabed pipelines crisscrossing the Gulf to bring this crude ashore. The production rig ifrastructure. Yeah, it's all free, no extra costs there.

Can you really be this stupid?

The cost of production is divided by the BILLIONS of gallons produced. Do the math, dittohead.

84.5 million barrels per day, time 365 days a year, times number of gallons per barrel.

My calculator give ERROR when working out that sum. Perhaps yours will work?

Goat,

I'm sure your oil platform is pretty impressive and megabucks expensive, but just how does it compare to the Hibernia or the Troll?

Goat,

I don't mean to belittle your operation. Lets take a look closer to home....how about the Petronius platform.

That one was built back when gas was selling profitably for a third of what it sells for today.

See, the cost of production doesn't have a damned thing to do with the cost of gasoline.

All those mega-platforms built back in Clinton's day didn't raise the price of gasoline at the pump a penny.

Wanna hear about some more costs that are incurred these days that weren't around as recently as 5 or 6 years ago? (probably not. I see fingers going into the ears LALALALALAL)

FOr one thing, the greenies watch us big time now. Not that this is bad; I'm all for a safe, clean envrionment. But now we are not allowed to discharged ANYTHING untreated overboard. Even rain water is captured and sent through oily water seperators. The oil that is captured is put back on boats and taken ashore to be processed.

Even sewage has to be treated first. You'd think that there is nothing more biodegradable than piss and shit, but this has to be processed. A whale probably shits more in one day than an entire oil rig, but we have to process all our sewage.

We can no longer dump the drilling cuttings on the seabed. Yep, it's only rocks and probably actually make nice artificial reefs, but these are now all put into cutting boxes and taken ashore.

Safety: We have more rules and more paperwork to do than you would believe. Without itemizing and going into detail, I'll tell you this: I had to once spend 1.5 hours getting paperwork signed, equipment inspected, an extra man as a watchman to do what was considered "hot work". What was it? I had to grind a rusted on bolt off. IT took me 5 minutes, but the paperwork to get it done took 1.5 hours. Guess who pays for this?

A lot of the older rigs are grandfathered to these new rules and don't adhere to them. But all the new ones as of about 5 or so years ago have to abide. And since new rigs are coming on line and old ones being scrapped, these environment and safety regs now apply where they used to not.

So tell me again, Axe how the price of oil has absolutely nothing to do with the cost of production? I love this little fairy tale!

I'm still waiting for you to tell me how it is possible for drilling costs to not go up when we are now drilling about 9 miles deep in 2 miles of water to find the same deposits we used to find at 500-1,200 feet on land. Please, enlighten me. I'm baffled how this type of drilling with the new env. and safety rigs can be done at the same costs as the carefree dirty oil drilling of as recently as 10 years ago.

I'm waiting.

'm sure your oil platform is pretty impressive and megabucks expensive, but just how does it compare to the Hibernia or the Troll?

I'm not familiar with those two rigs.

I see your last two posts came out while I was typing my long one above. I think it answers questions why new platforms cost more to operate than the older ones and will continue to do so.

BTW, I'm an electronics technician. I can ply my trade anywhere. I am not beholden to the oil companies. If they go under, I'll get an onshore job at a hospital or the phone company like I used to do. I came offshore after 20 years with the phone company because I like the time off (26 weeks a year) and the money. I could give a shit about the oil industry as far as what they do. ETs and electricians can find jobs anywhere.

The Hybernia looks like a modern dual activity moored semi-submersible.

The Troll is obviously a production platform. (notice there is no derrick? Gotta have a derrick to drill.

I still don't know much about them exceept what they look like thanks to CC.

BTW, there are about 3,000 drilling and production rigs in teh GoM alone. I am familiar with maybe a couple of dozen of them. Who know what they have in the N Sea (I assume that is where the Hibernia is judging by her name) or other offshore drilling locales around the globe.

Why did you ask about those two specifically? If I can answer a specific question, I'll be glad to find the answer for you, Axe

Goat,

The point I am trying to make is that the cost of production has nothing to do with the cost of oil.

Think about that simple statement.

The price of oil has gone up how much in that past year? Are you telling me that the cost of production has increased that much?

NO. It is tempting to think in normal business accounting terms, but they don't apply here.

The cost of oil is ONLY DETERMINED by supply and demand.

When oil was selling for $10/barrel, they didn't spend huge sums for production because they didn't have to.

Demand goes up, the price goes up, so now it is cost effective to spend more on production.

Price goes up due to even more demand or some stupid war in the Middle East, now it makes sense to spend even more on floating rigs in thousand of feet of water.

If the price went high enough, they'd be drilling on the moon.

It is simple Oil Economics. The price of oil drives production costs, not the other way around.

And neither has shit to do with the price at the gas pump. That is all about the refusal of oil companies to invest in another refinery. They have enough capacity to meet demand 10 months of the year and enjoy the 'bonus profits' in the summer months.

All those mega-platforms built back in Clinton's day

Ahem: There were very few, if any mega platforms (depends what you are calling a "mega platform. I'm not familiar with that term) built back in Clinton's day. It did not become profitable to build them until oil got over $30-$35/bbl.

They are building drilling ships like crazy now, though to keep up with demand for drilling company's services.

The Hibernia (world's largest oil rig)

The TROLL (the largest movable object every built by man)

The Petronius (Tallest rig in the world, and it is in the Gulf of Mexico, too).

All built during Clinton's term.

All very expensive, even by today's measure.

All profitable to the oil companies when oil with selling for a quarter of what it is today.

That is my point bring up those platforms.

Oil is what this country works lives and produces forward on--


I guess they will tax us people for breathing--we are the biggest carbon producers.

Then tax the cows for farting..

This is another scheme by lawyers to try and make money and screw the folks and the planet.

Kill all the lawyers--who said that??

Murphy

Did you read about the new safety and environmental regs we deal with that we did not 4 years ago? Do you think these are free.

And as I said yesterday, it is crass, but I (and pretty much everyone else out there) am making about twice what I did 6 years ago. Guess where this money comes from? Guess who pays for me to run around the rig for an hour and a half to get paperwork signed to do that 5 minute job? Guess who pays to fix a well that has collapsed because we are still learning to drill at deeper depths. (seems like it's almost every few months anymore that we read about a new depth record in the industry rags.)

Obviously I can't convince you that production costs are indeed rising and play a part in oil prices. C'est la vie. You and many others obviously get too much pleasure bitching about big bad oil. That's cool, but it doesn't drive down cost of production.

And think about this. As I pointed out upthread, why would I lie about these things? I am not an oil company spokesman. I am an ET and a licensed electrician. I can get a job anytime, anywhere with my skills. I do not get, nor need to get point by playing petroleum sycophant.

But if you'd rather get your "facts" from a lib blog that hates big oil than from someone in the trenches, that's your call obviously.

Oil is good--oil is great and Oil makes the world run.

Do you think corn is going to be cheaper that $4.00 a gallon?

How about corn costing $25.00 a gallon--who is going to pay that price?

I won't and I dont know too many people who can keep paying that price!

There is nothing on the horizon that can replace oil--not the millions and billions of gallons needed to keep the economy going.

We conserve and drive less and the damn friggin libs won't drill from our own resources or build new refineries.

And like Obama---and like Carter--let's tax the profits of the oil companies. Just like the 70's==we can have lines around the block and the cost only soared and they pass it on to you and me.

Obama--the Carter idiot incarnate.

Murphy

OOPs. meant to add "cost close to $650m" as indicated on the link.

That's bunch more than a shallow water jackup.

The lines around the block started under Nixon. Pay attention in class and you won't look so stupid.

As usual Goatman ignores reality and keeps spammimg the same nonsense again and again even after being refuted. The oil companies don't need this lawsuit as an excuse to raise prices---they can raise prices on any reason they can think up.

Facts are the oil companies showed obscene profits--which means that it didn't all go to production and taxes.

Facts are the oil companies are funding companies that are putting out misinformation about global warming.

Maybe the oil companies should be fined by lowering the price of oil until the fine is paid off at the pumps, and the oil companies regulated as to their profits and production for the good of the country.

After all, if the government can regulate the profits of the Air Traffic Controllers for the good of the nation, the oil companies should fall under the same umbrella.

As usual Goatman ignores reality and keeps spammimg the same nonsense again and again even after being refuted.

Spamming? For every once you can show that I spammed (mindlessly copied and pasted the same thing over and over) I'll show you three times you have done so. Care to take my challenge? I didn't think so. What a pathetic loser of a liar you are, bOoB.

The oil companies don't need this lawsuit as an excuse to raise prices---they can raise prices on any reason they can think up.

Exactly as I said yesterday, bOoB. If you paid attention in class you wouldn't look so stupid.

Facts are the oil companies showed obscene profits-

Facts are the bOoB is too stupid to buy stock in oil companies and get rich with them. Fool. LOL

Facts are the oil companies are funding companies that are putting out misinformation about global warming.

Link? I know you'll provide it, because if you don't you will once again prove yourself a liar.

LOL

I always post links DummY--

Posted by Buffalo_Bob at 2008-05-18 04:28 PM |

BTW, conspiracy lunar smokestack type links don't count.

After all, if the government can regulate the profits of the Air Traffic Controllers for the good of the nation, the oil companies should fall under the same umbrella.

If you paid attention in class, you wouldn't look so stupid. Specifically the class that tought that monopolies are regulated, not industries that have competition. the ATCs are a monopoly. The oil companies are not. Idiot

AXE

Below is a link to a short two-page article written in 2006.

Goatman is correct when he wrote about having to dig at before unheard of depths to get to the oil:

... Guess who pays to fix a well that has collapsed because we are still learning to drill at deeper depths. (seems like it's almost every few months anymore that we read about a new depth record in the industry rags.)..

This article (which happens to mention Goatman's oil company Deepwater) is from the "National Geographic" which I hardly consider an oil company promo piece. I respect what NG has to say.

I read another article a week or so ago about how in the Gulf of Mexico the deeper they dig for oil the more they run into more seismic problems which can cause shifting and can unsettle all the pipes/equipment they've laid down for drilling. Plus in the GOM there's problem with salt and corrosion on the beds they drill thru. (Don't ask me any more about it than that because I'm not any geologist or oil person who knows about it.)

The show I watched on CNN last night said they are drilling down to almost 30,000 feet into the ocean -- depths never tried before. The equipment needed to be able to guide the equipment to the right spot to extract the oil doesn't come cheap either. New technology does cost big bucks. Plus, if they spend months working on a spot and then some seismic shift breaks apart some of the pipe laid it ruins the whole production they've done to date you're talking major money loss.

I'm not for big oil's head honchos as I do think they make obscene profits and I don't like these prices any more than you do but big oil does have to absorb billions in loses when those drilling at deep depth problems occur.

ATCs are a monopoly. The oil companies are not.

That's why all the gas stations charge the same price per gallon! Competition...my ass.

If you paid attention in class, you wouldn't look so stupid. Specifically the class that tought that monopolies are regulated, not industries that have competition. the ATCs are a monopoly. The oil companies are not. Idiot

Posted by goatman at 2008-05-20 12:15 AM | Reply

You know when I was a wee lad My teachers always taught Me that taught was spelt like dat Taught not tought. I guess You went to a different school then I did. Oh well. Funny Dat Be.

Larry Mohr

Larry, it's not like you to ping on typos. But if you want to, flame on, dude.

Where I went to school we didn't capitalize words in the middle of sentence unless they were proper nouns. Funny that be.

We spelled That T-H-A-T, not Dat. Funny that be

When I went to school, we were taught to use commas between clauses in a sentence. Funny that be.

Goat,

I am sorry but trying to reason with you is like arguing with a post.

I'll try one more time: It is profitable for oil companies to spend whatever it takes to produce the oil as long as there is enough demand. The cost of production is undoubtedly higher than it was in the past, I am not arguing that. But the cost of production is NOT DRIVING UP the cost of oil.

The value of oil is driving up the amount the oil companies can spend on production while still making incredible profits.

Simple, except maybe to you, with your fingers tight in your ears singing LALALALALALA as loud as you can.

I'll try one more time: It is profitable for oil companies to spend whatever it takes to produce the oil as long as there is enough demand.

Of course this is true. Econ 101 supply and demand

The cost of production is undoubtedly higher than it was in the past, I am not arguing that. But the cost of production is NOT DRIVING UP the cost of oil.

Not 100%, but it definitely has an impact.

Let's say demand (global consumption) has remained the same over the last 10 years. However, to get the same amount of oil out of the ground, we are having to invent new technologies, build new undersea infrastructures, pay for new environmental and safety regs that are being thrust upon the oil company. Don't you think the cost of oil would go up even if demand remained the same?

Goat posts "Not 100%, but it definitely has an impact."

"Let's say demand (global consumption) has remained the same over the last 10 years. However, to get the same amount of oil out of the ground, we are having to invent new technologies, build new undersea infrastructures, pay for new environmental and safety regs that are being thrust upon the oil company. Don't you think the cost of oil would go up even if demand remained the same?"

Wrong again Goatman....It would have NO IMPACT AT ALL.

If demand does not go up, price will not go up, therefore there would be no incentive to produce more expensive oil than they could profitably sell.

The price of oil is purely determined by demand, supply will always follow at whatever level the price allows.

Economics 101. You shouldn't have slept thru the boring parts.

Wrong again Goatman....It would have NO IMPACT AT ALL.

LOL.

So if the price of electricity goes up, it'll still cost the same to keep my house at 70F. If costs of soap at the local car wash goes up, the cost of a cleaning your car won't. If beef prices go up a Big Mac will still cost $1.99. And if the cost of oil drilling and production goes up your price per gallon stays the same.

Funny stuff, Axe. I'll bet you were a riot in econ 101.

Goat,

You really don't have reading comprehension skills, do you. The price of oil is so high that even with the insane costs of production, the oil companies are still making record profits. DEMAND is the ONLY FACTOR in todays oil market. The new middle class in India and China outnumber us and are driving cars now. That is all that matters! In a few months, oil will be $150/bbl and then the shale oil nightmare begins.

If you can't understand that, you really do deserve to be a republican.

"Spamming? For every once you can show that I spammed (mindlessly copied and pasted the same thing over and over) I'll show you three times you have done so. Care to take my challenge? I didn't think so. What a pathetic loser of a liar you are, bOoB."

Absolutely Big Mouth;-) You're up. Show three times or be shown the punk liar you are. Again.



The oil companies don't need this lawsuit as an excuse to raise prices---they can raise prices on any reason they can think up.

"Exactly as I said yesterday, bOoB. If you paid attention in class you wouldn't look so stupid."

Then why are you harping on this lawsuit as an excuse to raise prices when you also say they don't need an excuse dUmmY? Talking out of both sides of your mouth again? Neat trick.


Posted by goatman at 2008-05-20 12:09 AM

DEMAND is the ONLY FACTOR in todays oil market.

That's part of it. But the higher cost of getting it out of the ground is part of it as well. If it's not, I guess you wouldn't mind if my company charged $5,000,000/day to drill instead of our current $500,000/day. After all, rising production prices do not affect the price at the pump, right?

You get funnier with every post, Axe. Keep it up.

Absolutely Big Mouth;-) You're up. Show three times or be shown the punk liar you are. Again.

Cool. First of all, what does the winner get? We can't say staying off the DR, because you've proven you reneg on that. Also the challenge was that YOU show me one and I'll show you three. Now show me once where I've spammed.

Go.

Buffalo and Goat

Absolutely Big Mouth;-) You're up. Show three times or be shown the punk liar you are. Again.


I love you two nuts. hahahaha Endless amusement for me.

Then why are you harping on this lawsuit as an excuse to raise prices when you also say they don't need an excuse dUmmY?

???

Is your reading comprension approaching that of even a 1st grader? I'm not making excuses. I merely said what would happen.

There are remedial reading courses for illiterate adults online, bOoB. I suggest you check into one.

Facts are the oil companies are funding companies that are putting out misinformation about global warming.

Link? I know you'll provide it, because if you don't you will once again prove yourself a liar.

LOL



I always post links DummY--

Posted by Buffalo_Bob at 2008-05-18 04:28 PM |


BTW, conspiracy lunar smokestack type links don't count.

Posted by goatman at 2008-05-20 12:13 AM | Reply


The link is at the top of the thread dUmMy. That's what the lawsuit is all about.

I suppose you will also later claim you didn't bring up the smokestacks on the moon first on this thread too. Those nasty Nova and NASA conspiracy nuts.

*puts a shotgun to his chin*

Is your reading comprension approaching that of even a 1st grader? I'm not making excuses. I merely said what would happen.

There are remedial reading courses for illiterate adults online, bOoB. I suggest you check into one.

Posted by goatman at 2008-05-20 01:16 AM | Reply


So what you are saying is that the oil companies don't need an excuse to raise prices, but they will use this as an excuse to raise prices, even though they don't need an excuse--is that your point?

;-)

The link is at the top of the thread dUmMy. That's what the lawsuit is all about.

The story upthread does not indicate anywhere in it that oil companies are funding companies that put out disinformation on global warming. That is what I asked for a link to.

Remember the remedial reading class for illiterate adults I mentioned up thread?

ooops. It's been more than 5 minutes. Of course you don't remember. Well, check out my retort before this one. It could change your life in a very positive way, bOoB.

So what you are saying is that the oil companies don't need an excuse to raise prices, but they will use this as an excuse to raise prices, even though they don't need an excuse--is that your point?

My point was spelled out clearly enough that no one else had to have it explained to them. Have your nanny explain it to you. I don't have the three or so hours it would take to get through your thick skull. I'm sure she has time between diaper changes.

Goat,

You really are as thick as a post, aren't you?

Look at this: it costs the Saudi's $20/bbl to produce oil.

Exxon pays the US Taxpayer $12/bbl to pump oil out of the ground in Texas and since the well was amortized years ago, production costs about $3/bbl.

Oil from a deep well in the GoM costs about $90/bbl.

Every drop of all this oil sells for $110/bbl. Where are the production costs? They have NO EFFECT on the price of oil. ONLY DEMAND has any effect.

The Saudi's just turned down Chimpy's request to ramp up production because THEY WANT TO KEEP THE PRICE UP. They can keep that oil in the ground and sell it next year at $200/bbl. Only crackheads and Rtards want to piss away our oil like an alocholic in the oval office.

Sorry, bOoB: I know you've forgotten since it's been a while -- about 1 day -- but I do not look at your youtube.com links anymore. I'll admit it took me a couple of dozen of them whereas itt took the folks in the village to figure out the boy was crying wolf, but I finally caught on. You can't trick me with your stupid videos anymore.

I see where you are coming from Axe. I did not thin you assumed that oil wells produce forever. My bad.

I hate to break the news, so sit down . . . oil wells go dry and new ones have to be drilled to keep up with demand. Using my analogy upthread: The beef gets eaten, the electricity gets used, the soap goes down the drain. Likewise, oil wells run dry and new ones have to be drilled to keep up the current demand. The new ones are more expensive to drill.

Hope this helps.

There is more oil now than there was 20 years ago and there will be more oil 20 years from now than now.

Demand and supply has nothing to do with the price, it is all political and those who have not figured this out is just playing purposeful ignorance.

There is nothing going on to justify this rise in fuel prices other than just plan greed and the fact that the government does nothing about this is clear that the government is in bed with it.