does anyone have the answer to gas prices
06-17-2008, 09:55 AM
#81
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
OK Read it, and the first 1/2 or 2/3 was good, then it got to the last bit and let me down. First it says they product oil as a waste product, then it says it has to be fermented... Which is it? And what the hell is "custom-de-signing"? Is that where you take parts of company signs down off their building to make new words/names? Like here, when Wal-Mart's "R" was burnt out for many months, we still call it "Wal-Mat" heh.
Anyways, the aspect of being carbon-negative is pretty amazing, but is completely negated by the fact that it'll not only be extremely hard to produce on a mass scale but all that it'll still cost $50/bbl for it. In 1994 it was $17.19/bbl and even as recent as 2004, it was $41.44. Then also imagine how much power will be required for a "chicago sized plant" to produce enough. That, and their figure on the US Oil consumption is HORRIBLY wrong. We consume 20.77mil bbls a day, not 147mil. I can understand being 1-2% off, but not 87%. (My figures are directly from the Energy Information Administration (www.eia.doe.gov), and while 20.77mil bbl/day is from 2007, even 10mil/day more is still a FAR cry from 147.
Lets hope they can find a way to make them **** more to increase production
06-17-2008, 10:06 AM
#82
Teching In
Join Date: May 2008
Posts: 4
Likes: 0
Received 0 Likes
on
0 Posts
Apparently the Saudi's finally heard about how high our prices are and plan to do something about it. According to the news, we should see $2.50 by the time everything is settled, but it'll be awhile. No clue how long "awhile" is though, but if it's a year, that's fine by me. Mom was walking out the door and I asked her about it, 200,000 barrels more next month which should drop the prices/bbl by $49! So it'll be down to around $80/bbl 
Note: Those bbls aren't going to us, but the world, so that's how it'll drop the price.
Note: Those bbls aren't going to us, but the world, so that's how it'll drop the price.
06-17-2008, 08:37 PM
#83
06-17-2008, 08:56 PM
#84
A few people hit on one of the key points here: oil is priced in dollars, and the dollar is dropping in value like a stone, so it takes more dollars to buy a barrel of oil. A spokesman for OPEC recently said that skyrocketing oil prices have nothing to do with supply and demand, and he is dead right; demand is dropping in response to high prices, although not as fast as the prices are rising.
Also, some people are under the impression that if drilling for oil in the Artic National Wildlife Refuge were to get the go ahead then the U.S. would get that oil, which is not the case. Oil is a commodity traded on the world market, regardless of the country it is produced in. The only possible upside of drilling in the ANWR would be a slight drop in price due to an increase in supply, and I wouldn't even count on that.
More info on ANWR:
http://www.arcticwildlife.org/oil10myths.htm
Also, some people are under the impression that if drilling for oil in the Artic National Wildlife Refuge were to get the go ahead then the U.S. would get that oil, which is not the case. Oil is a commodity traded on the world market, regardless of the country it is produced in. The only possible upside of drilling in the ANWR would be a slight drop in price due to an increase in supply, and I wouldn't even count on that.
More info on ANWR:
http://www.arcticwildlife.org/oil10myths.htm
06-17-2008, 09:17 PM
#85
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
I believe that Canada was going to primarily let the US drill if there was a green flag on it.
Consumption in the US has stayed very steady (20mil bbl/day) since Jan-07. Feb and March dropped around 400K bbl/day but it's now right back where it's been.
Consumption in the US has stayed very steady (20mil bbl/day) since Jan-07. Feb and March dropped around 400K bbl/day but it's now right back where it's been.
06-17-2008, 09:51 PM
#86
TECH Veteran
iTrader: (10)
Join Date: Jul 2006
Location: Rialto CA
Posts: 4,770
Likes: 0
Received 0 Likes
on
0 Posts
dinosaurs didnt create the oil we have today. think about it, they wouldve had to have died by the millions in one spot to create the oil fields we have now. which aint happening. by that logic, all the dead dogs, cats, people we bury should be in plain dirt to re create that theory.
06-17-2008, 10:21 PM
#87
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
dinosaurs didnt create the oil we have today. think about it, they wouldve had to have died by the millions in one spot to create the oil fields we have now. which aint happening. by that logic, all the dead dogs, cats, people we bury should be in plain dirt to re create that theory.
Giant air pockets make a great place for liquid to congregate!
06-17-2008, 11:18 PM
#88
TECH Veteran
iTrader: (10)
Join Date: Jul 2006
Location: Rialto CA
Posts: 4,770
Likes: 0
Received 0 Likes
on
0 Posts
but with how much oil there is, there wouldve been 4x as many dinosaurs as there were needed to supply us until now. i think we wouldve dried up in the 60's or earlier if it were them.
06-18-2008, 12:23 AM
#89
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
Plant matter I believe also attributes to becoming oil and most plants shed most of their plant parts (leaves, stalks, flowers, fuits) every year and they outnumber humans and animals by at least a googolplex!
I'm joking by my googolplex, since a googolplex is 10^10,000,000,000,000,000,000,000,000,000,000,000, 000,000,000,000,000,000,000,000,000,000,000,000,00 0,000,000,000,000,000,000,000,000,000
06-18-2008, 12:27 AM
#90
TECH Veteran
iTrader: (10)
Join Date: Jul 2006
Location: Rialto CA
Posts: 4,770
Likes: 0
Received 0 Likes
on
0 Posts
Keep in mind how many tons a lot of them weighed.
Plant matter I believe also attributes to becoming oil and most plants shed most of their plant parts (leaves, stalks, flowers, fuits) every year and they outnumber humans and animals by at least a googolplex!
I'm joking by my googolplex, since a googolplex is 10^10,000,000,000,000,000,000,000,000,000,000,000, 000,000,000,000,000,000,000,000,000,000,000,000,00 0,000,000,000,000,000,000,000,000,000
Plant matter I believe also attributes to becoming oil and most plants shed most of their plant parts (leaves, stalks, flowers, fuits) every year and they outnumber humans and animals by at least a googolplex!
I'm joking by my googolplex, since a googolplex is 10^10,000,000,000,000,000,000,000,000,000,000,000, 000,000,000,000,000,000,000,000,000,000,000,000,00 0,000,000,000,000,000,000,000,000,000
then by that logic, by plants shedding and going through their cycles per year, all over the world, they should contribute to the oil supply in the earth. going by plants that died/shedded years ago too.
06-18-2008, 12:47 AM
#91
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
heh You're clearly not factoring in the couple millions of years it takes to form! That, and even I was misunderstood it a bit. Apparently the majority of oil is found under the ocean (I mean, duh with where most rigs are after all), due to a few key contributing factors: Lots and LOTS of water which is used in the form of pressure, and a gripload of heat (mostly a byproduct of that pressure).
06-18-2008, 07:04 AM
#92
Most oil formations have nothing to do with "dinosaurs". Its plant matter that after being compressed and heated for millions of years has degraded to what you see as crude oil. Marshy (sp) enviroments that have a layer of imprenatrable rock under them are your most likely places to find oil in a few million years. It wasnt as if every dinosaur walked to a place to die and then was covered up and fermentated into crude.
Conversely, some people subscribe to the idea that oil is an abiotic process of this planet. That is to say, oil is not a byproduct of long dead plant matter, but a process of the earth and microbe's found in the crust and mantle. Some research was conducted into this in the mid 20th century. I can post links if you want. I personally dont think its very likely, or at least not COMPLETELY responsibile for the massive pockets of oil that we find. (see the middle east)
Also, oil is not a liquid inhabiting an air pocket. It is generally stored under pressure in rock which is porus (sp). When you drill into said deposit's the oil is attracted to the "low pressure" area that the drill provides and escapes from said rock.
At least... I Think.
Conversely, some people subscribe to the idea that oil is an abiotic process of this planet. That is to say, oil is not a byproduct of long dead plant matter, but a process of the earth and microbe's found in the crust and mantle. Some research was conducted into this in the mid 20th century. I can post links if you want. I personally dont think its very likely, or at least not COMPLETELY responsibile for the massive pockets of oil that we find. (see the middle east)
Also, oil is not a liquid inhabiting an air pocket. It is generally stored under pressure in rock which is porus (sp). When you drill into said deposit's the oil is attracted to the "low pressure" area that the drill provides and escapes from said rock.
At least... I Think.
06-18-2008, 02:51 PM
#94
TECH Veteran
iTrader: (10)
Join Date: Jul 2006
Location: Rialto CA
Posts: 4,770
Likes: 0
Received 0 Likes
on
0 Posts
Most oil formations have nothing to do with "dinosaurs". Its plant matter that after being compressed and heated for millions of years has degraded to what you see as crude oil. Marshy (sp) enviroments that have a layer of imprenatrable rock under them are your most likely places to find oil in a few million years. It wasnt as if every dinosaur walked to a place to die and then was covered up and fermentated into crude.
Conversely, some people subscribe to the idea that oil is an abiotic process of this planet. That is to say, oil is not a byproduct of long dead plant matter, but a process of the earth and microbe's found in the crust and mantle. Some research was conducted into this in the mid 20th century. I can post links if you want. I personally dont think its very likely, or at least not COMPLETELY responsibile for the massive pockets of oil that we find. (see the middle east)
Also, oil is not a liquid inhabiting an air pocket. It is generally stored under pressure in rock which is porus (sp). When you drill into said deposit's the oil is attracted to the "low pressure" area that the drill provides and escapes from said rock.
At least... I Think.
Conversely, some people subscribe to the idea that oil is an abiotic process of this planet. That is to say, oil is not a byproduct of long dead plant matter, but a process of the earth and microbe's found in the crust and mantle. Some research was conducted into this in the mid 20th century. I can post links if you want. I personally dont think its very likely, or at least not COMPLETELY responsibile for the massive pockets of oil that we find. (see the middle east)
Also, oil is not a liquid inhabiting an air pocket. It is generally stored under pressure in rock which is porus (sp). When you drill into said deposit's the oil is attracted to the "low pressure" area that the drill provides and escapes from said rock.
At least... I Think.
im sick of people calling it "fossil fuel" just for the fact of the dinosaurs.
06-18-2008, 08:47 PM
#98
TECH Senior Member
iTrader: (3)
Join Date: Oct 2006
Location: Decatur, TN (N-W of Athens)
Posts: 7,564
Likes: 0
Received 4 Likes
on
4 Posts
As for our 'where oil comes from' debate, I'm too tired tonight
I know the dino's aren't the sole reason we have oil, but I'd be surprised if all that decomposing matter didn't help quite a bit. 