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2012-08-19 Economy

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Posted by tipper 2012-08-19 09:22|| || Front Page|| [11126 views ] Top

#1 Its a harbinger of a nationwide investment boom spreading from the oil fields of North Dakota and the Marcellus gas shale in Pennsylvania to power plants in California and chemical refiners in Texas.

I blame Bush for this success.

Posted by JohnQC 2012-08-19 10:46|| 2012-08-19 10:46|| Front Page Top

#2 John -

So does the Democratic Party, and that's the problem. If the numbers we're seeing are even remotely close to right, then there really IS enough fossil fuel out there to hold us for a few centuries yet...and that means the Dems are pretty much wrong on their energy policies, which are in turn the cornerstone/justification for a great deal of their economic policies. They ever flat out admit that, they're dead - people want to be happy and prosperous and in control of their own futures, not freezing in the dark while our masters and betters decide what's good for us...and that much fossil fuel out there means the Dems can't control us.

Not that they won't try, of course.

Mike

Posted by Mike Kozlowski 2012-08-19 11:13|| 2012-08-19 11:13|| Front Page Top

#3 Average tax on a gallon of gas is 48.1 cents per gallon. Average profit Exxon makes is only 2 cents per gallon.

When Hillary Clinton heard about Exxon profit, her response was, "I want that."

The issue with the communist party is not if we have enough energy, it is that we the private sector process it, and they are doing everything they can to keep us away from it until they can completely control it. That is the plan for the major sectors of the less and less free market economy of the U.S..

Posted by Mad Eye Omenter9590 2012-08-19 12:12|| 2012-08-19 12:12|| Front Page Top

#4 Mad Eye, Exxon makes a good deal more profit than that - the 2 cents is the profit from the Refining & Marketing part of the business. They make most profit these days from Production - probably something like 30 cents per eventual gallon of gas. When oil prices collapse though, they lose money on production, but probably still makes a few cents at the pump.

Posted by Glenmore 2012-08-19 13:10|| 2012-08-19 13:10|| Front Page Top

#5 Not that they won't try, of course.

I think their current tactic is to ban coal because of "global warming" and then use up the natural gas that could replace imported oil in replacing the domestically produced coal instead.

Posted by Thing From Snowy Mountain 2012-08-19 13:17|| 2012-08-19 13:17|| Front Page Top

#6 A farmer or lease holder used to get one eighth of one percent royalty on crude oil production. May be a bit different today. The US Gummit is the lease holder for all off-shore drilling as I recall. Wonder if anyone is keeping track of those royalty payments?

Posted by Besoeker 2012-08-19 13:17|| 2012-08-19 13:17|| Front Page Top

#7 ...about as successful as they've been on accounting for residuals on Native American land.

Posted by Procopius2k 2012-08-19 14:10|| 2012-08-19 14:10|| Front Page Top

#8 I would not be surprised at some sort of plan by government to take over the domestic energy production under the guise of using the money to pay down the debt.

Posted by airandee 2012-08-19 15:10|| 2012-08-19 15:10|| Front Page Top

#9 heh. "We aren't asking you to pay more taxes, but fuel and heating oil is now $15+/gallon."

Posted by Frank G 2012-08-19 15:13|| 2012-08-19 15:13|| Front Page Top

#10 Despite mucho MSM-Net Artics both for + against "Peak Oil", "Biotic Oil", + "Shale Oil, etc. I still don't see enuff of a common consensus from Govts-Perts as to reliability.

"SIRIUS" + SOLAR STORMS EVENTS ASIDE, FOR ALL WE KNOW, THIS DRIVE TO INVEST IN SHALE OIL EXISTS BECAUSE TRADITIONAL "DEEP" RESERVOIRS ARE EXHAUSTED. Incidentally, iff true it makes it imoerative for the ongoing natural oil leaks in the Gulf of Mexico to be studies + capped.

Posted by JosephMendiola 2012-08-19 20:19|| 2012-08-19 20:19|| Front Page Top

#11 Green is the energy of the future. But only in THE WINDMILLS OF MY MIND.

Posted by junkiron 2012-08-19 21:12|| 2012-08-19 21:12|| Front Page Top

#12 Have you ever been near those things, junkiron? An entire field of them must be like standing next to a revving jet without ear protectors.

Posted by trailing wife 2012-08-19 21:40|| 2012-08-19 21:40|| Front Page Top

#13 I get the red plastic gas can, but where are all the sliced-up eagle, etc., carcasses in this cartoon rendering?

Posted by canalzone 2012-08-19 22:43|| 2012-08-19 22:43|| Front Page Top

22:43 canalzone
22:21 Rambler in Virginia
21:59 Besoeker
21:41 JosephMendiola
21:40 trailing wife
21:37 trailing wife
21:33 trailing wife
21:17 tu3031
21:12 USN, ret.
21:12 junkiron
21:09 URGENT
21:07 Uninemp Glelet3818
21:01 USN, ret.
20:36 lotp
20:19 Broadhead6
20:19 JosephMendiola
20:16 Frank G
20:15 Frank G
20:15 Frank G
20:12 Frank G
20:12 Broadhead6
20:10 Pappy
20:06 JosephMendiola
19:58 Bright Pebbles