First New Oil Refinery in 30 Years...

Realist1 · #41 (**permalink**) 06-07-2008, 06:12 AM

Quote:

Originally Posted by mulp

When you provide a WSJ or Barrons or similar business journal story reporting a multi-billion dollar investment in production, then you will deserve some attention, but you have persisted to the point where your posts deserve ridicule.

At least post new old Carter era projects abandoned when Reagan didn't push sufficient long term oil corporate welfare. I learn something new each time I research them. I am finding myself surprised at all the Saudi Arabia" sized oil territories the US was going to develop when Carter left office that have been abandoned after the corporate welfare ran out. And that now seem to surface only in conservative media, but never in oil industry trade journals nor in credible business journals. If those long ago promises had been delivered, the US would be oil supplier to the world.

I'm not interested in Politics on this subject Mulp. Only Facts.

Study reveals huge U.S. oil-shale field

By Jennifer Talhelm

The Associated Press

WASHINGTON — The United States has an oil reserve at least three times that of Saudi Arabia locked in oil-shale deposits beneath federal land in Colorado, Utah and Wyoming, according to a study released yesterday.

But the researchers at the RAND think tank caution the federal government to go carefully, balancing the environmental and economic impacts with development pressure to prevent an oil-shale bust later.

"We've got more oil in this very compact area than the entire Middle East," said James Bartis, RAND senior policy researcher and the report's lead author. He added, "If we go faster, there's a good chance we're going to end up at a dead end."

For years, the industry and the government considered oil shale — a rock that produces petroleum when heated — too expensive to be a feasible source of oil.

However, oil prices, which spiked above $70 a barrel this week, combined with advances in technology could soon make it possible to tap the estimated 500 billion to 1.1 trillion recoverable barrels, the report found.

The study, sponsored in part by the U.S. Department of Energy, comes about a month after the president signed a new energy policy dramatically reversing the nation's approach to oil shale and opening the door within a few years to companies that want to tap deposits on public lands.

The report also says oil-shale mining, above-ground processing and disposing of spent shale cause significant adverse environmental impacts. Shell Oil is working on a process that would heat the oil shale in place, which could have less effect on the environment

Take care.

jebe · #42 (**permalink**) 06-07-2008, 10:21 AM

Quote:

Originally Posted by Realist1

Que pas so,,,?

Por favor,,,Explain.

this is the third time i have pointed out that this is NOT the first refinery to be built in 30 years. { actualy, whenever the catylist is replaced, a revamp of the entire system is enacted. } { and when a rebuild has taken place, its realy a new refinery anyhow. } { and when a corporation pumps one billion dollars to expand a refinery, that definately becomes a new refinery. } NOW DONT IT?

Realist1 · #43 (**permalink**) 06-07-2008, 10:34 AM

Quote:

Originally Posted by jebe

this is the third time i have pointed out that this is NOT the first refinery to be built in 30 years. { actualy, whenever the catylist is replaced, a revamp of the entire system is enacted. } { and when a rebuild has taken place, its realy a new refinery anyhow. } { and when a corporation pumps one billion dollars to expand a refinery, that definately becomes a new refinery. } NOW DONT IT?

If that's the case, take it up with the Articles Author.

They're the Ones that gave us the Info.

Just a question though Jeb,,, why would the Article presented sound" legit"
compared to your personal input?

That, and knowing we've not built any new Oil Refineries in 30 years?

jebe · #44 (**permalink**) 06-07-2008, 10:38 AM

just cause you wont look at an article ive pointed you towards, doesnt mean he articls founder is correct. i can see from your responce you do very little research on oil stocks. { may i advise you to never buy any stocks out right. you will get burned with your eenee meenee myneey moo aproach }

Realist1 · #45 (**permalink**) 06-07-2008, 10:50 AM

Quote:

Originally Posted by jebe

just cause you wont look at an article ive pointed you towards, doesnt mean he articls founder is correct. i can see from your responce you do very little research on oil stocks. { may i advise you to never buy any stocks out right. you will get burned with your eenee meenee myneey moo aproach }

I know you'll think me cruel Jeb,,,

I'm going to use you as an example. As a Liberal Democrat, someone against oil drilling, and a product of Liberal Education.

I'm sorry,,,but you fit so well in that realm...

jebe · #46 (**permalink**) 06-07-2008, 10:55 AM

drift away from REALITY or when having dialog, whenever you deem its apropriate. thats what dems do.

Realist1 · #47 (**permalink**) 06-07-2008, 11:08 AM

Quote:

Originally Posted by jebe

drift away from REALITY or when having dialog, whenever you deem its apropriate. thats what dems do.

I base my responses on yours.

You have no one to blame, but yourself. Who knows,,,? verbally upfront, you might have a chance to blow me out of the water.

But not at the moment.

jebe · #48 (**permalink**) 06-07-2008, 11:33 AM

oh, this was a debate? i dont debate. if you want to see how the u.s. does treaties, then just look into Laos.

Realist1 · #49 (**permalink**) 06-07-2008, 11:42 AM

Quote:

Originally Posted by jebe

oh, this was a debate? i dont debate. if you want to see how the u.s. does treaties, then just look into Laos.

You don't think either... Viet Nam,,,Laos,,, Cambodia,,,After the West left, and the Communists killed off everyone that could think, They're now a "Peoples Paradise"...

I believe you...

jebe · #50 (**permalink**) 06-07-2008, 11:44 AM

sorry. im trying to dump a cat.