Oil Shale

[Alaska Darin]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

[molson_golden2002]

But what if we could safely and economically get our hands on all that oil? Imagine how the world might change. The

U.S. would instantly have the world's largest oil reserves. Imagine…having so much oil we'd never have to worry about

Saudi Arabia again, or Hugo Chavez, or the mullahs in Tehran. And instead of ships lined up in L.A.'s port to

unload cheap Chinese goods, we might see oil tankers lined up waiting to export America's tremendous oil bounty to the

rest of the world. The entire geopolitical and economic map of the world would change…and the companies in the

vanguard of oil shale development might make hundreds of billions of dollars as they convert America's untapped

shale reserves into a brand new energy revolution.

 

 

Sounds peachy! Hope they work out the hows and the ways.

[VABills]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

But then we'll get the environmentalists and global warming morons complaining again.

[molson_golden2002]

But then we'll get the environmentalists and global warming morons complaining again.

And maybe for good reason

[pBills]

Interesting article.

[VABills]

And maybe for good reason

Sounds peachy! Hope they work out the hows and the ways.

 

You're such a hypocrite.

[Fan in Chicago]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

Given how technology in general has developed over the decades, the optimistic engineer side of me will say 'it is only a matter of time'. The heavy crudes which are mined in Canada were also at one point assumed to be difficult to extract or perhaps 'too expensive' for oil production. That day seems now like a distant memory. With oil well above $100/bbl, there is significant driving force to develop technologies for extracting oil from oil shale. We have a long way to go but it is exciting to even think that the potential exists within our shores.

 

Wonder if we will call our future presidents 'sheiks' Sheik Obama ? King McCain ?

[KD in CA]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

 

 

I'm sorry, but we can't disturb the pristine forests. Might be some spotted wolves living there. We can just keep buying oil from the terrorists up to at least $400/bbl.

[molson_golden2002]

You're such a hypocrite.

You are an idiot.

[KD in CA]

You are an idiot.

 

He's an idiot for pointing out a moron who posts contradictory thoughts in the same thread within an hour of each other?

[molson_golden2002]

He's an idiot for pointing out a moron who posts contradictory thoughts in the same thread within an hour of each other?

Wow, tweedle dumb and tweedle dumber strike again!

 

I shouldn't have to explain this its so simple, but dealing with a fuggin idiot like you I guess I do. I said I hoped it worked out, ok? Hoped. Then I said Global Warming might be a problem. Hoped, might...nothing definitive about my statements.

[KD in CA]

Wow, tweedle dumb and tweedle dumber strike again!

 

I shouldn't have to explain this its so simple, but dealing with a fuggin idiot like you I guess I do. I said I hoped it worked out, ok? Hoped. Then I said Global Warming might be a problem. Hoped, might...nothing definitive about my statements.

 

 

There's never anything definitive about any of your statements -- aside from the ignorance.

[DC Tom]

Sounds peachy! Hope they work out the hows and the ways.

 

Did you read the part where the oil companies could make "hundreds of billions of dollars" off this? I thought oil company profits were a bad thing.

[Fan in Chicago]

Did you read the part where the oil companies could make "hundreds of billions of dollars" off this? I thought oil company profits were a bad thing.

Ofcourse it is. It is less painful to see oil-producing countries make the profits and build grand cities in the middle of deserts. We cannot have enterprising American companies do the same 'cos that would be robbing the American citizens. But not to worry, we will put in place a windfall profit tax and stifle such entrepreneurial aspirations. That will teach them greedy evil oil companies who make money from gouging the public and discouraging irresponsible consumption. This is neo-capitalism.

[Steely Dan]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

 

That's cool. Hopefully the advancements in pulling the oil out will happen quickly. It would be so cool for us to start exporting oil because we are oil self sufficient.

[DC Tom]

Ofcourse it is. It is less painful to see oil-producing countries make the profits and build grand cities in the middle of deserts. We cannot have enterprising American companies do the same 'cos that would be robbing the American citizens. But not to worry, we will put in place a windfall profit tax and stifle such entrepreneurial aspirations. That will teach them greedy evil oil companies who make money from gouging the public and discouraging irresponsible consumption. This is neo-capitalism.

 

And then we can distribute the windfall tax to the American people so they can afford the gasoline the oil companies are gouging them on, thus ensuring the oil companies make even more profits to confiscate on behalf of the people. It's brilliant!

[Alaska Darin]

Ofcourse it is. It is less painful to see oil-producing countries make the profits and build grand cities in the middle of deserts. We cannot have enterprising American companies do the same 'cos that would be robbing the American citizens. But not to worry, we will put in place a windfall profit tax and stifle such entrepreneurial aspirations. That will teach them greedy evil oil companies who make money from gouging the public and discouraging irresponsible consumption. This is neo-capitalism.

Am I the only one who loves the idea of a "windfall profit tax"? How the hell are you planning on proving that, politician? They'll tie you up in courts for years and at the end of they day the taxpayer will spend more in auditing and legal fees than they ever take in.

 

Dumbest idea ever. Completely unenforceable.

[VABills]

And then we can distribute the windfall tax to the American people so they can afford the gasoline the oil companies are gouging them on, thus ensuring the oil companies make even more profits to confiscate on behalf of the people. It's brilliant!

All while the feds fund an entire new cabinet level department with 9000 government employees to oversee it, on the tax dollars collected.

[Live&DieBillsFootball]

Did you read the part where the oil companies could make "hundreds of billions of dollars" off this? I thought oil company profits were a bad thing.

 

Well it would be nice if they put their obscene profits into developing this. The bad point is that 72% of the land is owned by the government. I'm sure that they can find a way to phuck it up.

 

Just makes so much more sense to get our fuel from shale rather than our food supply.

[John Adams]

Shell May Be On To Something

 

If this were actually successful on a large scale, the US would become the world's leading energy producer.

 

I've never been worried about energy shortages for the US, knowing Canada and the US have LOTS of energy in shale oil and coal sitting here.

 

That being said, the less we rely on oil, the better.

[molson_golden2002]

There's never anything definitive about any of your statements -- aside from the ignorance.

LOL, great come back.......not

[molson_golden2002]

Did you read the part where the oil companies could make "hundreds of billions of dollars" off this? I thought oil company profits were a bad thing.

Why are you addressing this to me?

[erynthered]

Why are you addressing this to me?

 

 

Holy Shiit, Dude. Do you remember anything you !@#$ing write?

[Fan in Chicago]

Am I the only one who loves the idea of a "windfall profit tax"? How the hell are you planning on proving that, politician? They'll tie you up in courts for years and at the end of they day the taxpayer will spend more in auditing and legal fees than they ever take in.

 

Dumbest idea ever. Completely unenforceable.

I am assuming your first sentence was sarcasm.

In any case, it will be interesting to see GAAP modified to calculate a 'windfall profit' line item. It is an incredibly moronic idea, who ever floated this term 'windfall profit' anyway ?

But back to the original point, I don't know how high the price of oil needs to be before technologies to extract shale oil become feasible. I remember reading something like $140/bbl. It may be worth our while to start developing technologies now and work through the permitting process. Commericialization of technology, getting environmental permits, getting past the environmentalists & NIMBY people will take several years. I venture to guess oil will indeed be $140 by the time all these hurdles are crossed. Shell is doing the right thing by investing now. If however, there is a negative incentive to high profits, their desire will go down in a hurry.

[molson_golden2002]

Holy Shiit, Dude. Do you remember anything you !@#$ing write?

Are you acting as spokeswomen for Tom? If you are I would ask what oil profits being evil have to do with me?

[GG]

Imagine that. Resourceful companies and their engineers finding solutions to the energy crisis when price of drilled oil hits a certain level.

 

Maybe they can come up with a catchy phrase to describe this phenomenon.

[VABills]

Holy Shiit, Dude. Do you remember anything you !@#$ing write?

Let's see so far today

 

1. Using shale as an alternate oil source will be good

 

2. Using shale as an alternate oil source will be bad because oil is bad for global warming and ripping up the enviroment to get the oil.

 

3. Getting shale oil is good because we can tax the energy companies more

 

4. Getting shale oil is bad because energy companies will make more money

 

5. Shale oil is good because we won't need to come up with alternate fuels so we can cancel the mars mission

[KD in CA]

Imagine that. Resourceful companies and their engineers finding solutions to the energy crisis when price of drilled oil hits a certain level.

 

Maybe they can come up with a catchy phrase to describe this phenomenon.

 

 

Government funded??

 

 

[erynthered]

Are you acting as spokeswomen for Tom? If you are I would ask what oil profits being evil have to do with me?

 

 

Why should I prove you're a retard, when you're doing a good enough job all by yourself. Keep up the good work.

[BillsWatch]

Well it would be nice if they put their obscene profits into developing this. The bad point is that 72% of the land is owned by the government. I'm sure that they can find a way to phuck it up.

 

Just makes so much more sense to get our fuel from shale rather than our food supply.

 

Don't worry they will lease the land from government for pennies and cost the taxpayers millions to clean mess when they are done.

[VABills]

Well it would be nice if they put their obscene profits into developing this. The bad point is that 72% of the land is owned by the government. I'm sure that they can find a way to phuck it up.

 

Just makes so much more sense to get our fuel from shale rather than our food supply.

You do realize that oil companies actually have a fairly small profit margin (I think about 8%). They do infact put lots of money into research, exploration and infrastructure (refineries, etc...). In fact while they made about 40 billion in profit, I believe it's something like 2 or 3 times that amount that go into research yearly.

[Fan in Chicago]

You do realize that oil companies actually have a fairly small profit margin (I think about 8%). They do infact put lots of money into research, exploration and infrastructure (refineries, etc...). In fact while they made about 40 billion in profit, I believe it's something like 2 or 3 times that amount that go into research yearly.

The long term return on assets is pretty poor also. Plus mandates such as reducing benzene in gasoline (MSAT2) need refiners to spend capital for zero return. Of the projects I am working on right now, a typical process unit to 'saturate' the Bz costs $150-$200 million. It just increases the capital outlay and operating costs without providing any marginal increase in gasoline price. It is as if someone forced you to invest in your house to the level of ~ 10-20% of the equity without any increase in house market price or salary increase.

[Pine Barrens Mafia]

Maybe they can come up with a catchy phrase to describe this phenomenon.

 

Vast Right-Wing Conspiracy?

[Nanker]

A slight diversion - this is about Evil Exxon - the most criminal robber baron de jour.

 

Exxon just posted their Q1 results - to the orchestrated gasps and horrified shrieks of the socialists living the a capitalist world.

 

Mind you, these are results for the first quarter only. Oh, and the figures are in "millions" for those of you who might not be familiar with how financials are reported in the real world.

 

Gross Income 116,854

Op expenses 96,662

Profit Before Income Taxes: 20,192

Income Taxes: 9,302

Net Income: 10,890

 

Part of their Op expenses were:

Sales-based taxes 8,432

All other taxes 11,607

TOTAL TAXES PAID IN Q1: 29,341 = that's twenty nine billion dollars that went to local, state and Federal coffers, both here and around the world.

 

Then again they spent 5,491 on global exploration of fuel sources.

They also employ over 105,000 people who pay taxes.

Exxon is widely owned by institutional investors and the enterprise has over 5 billion shares outstanding - and the dividends those shares generate are taxed as ordinary income by the share owners.

 

I say Barak should nationalize the entire oil industry in the US the morning after he becomes President.

Why should the government get less profit from the company than the company makes in profit?

The government should take ALL the profit. Better yet, the government is so good at running things, it should be able to do a LOT better job of running a simple thing like and oil company.

That way the goose can be slit open and all the gold can be taken from its belly and he can pass it around to those who deserve and need it.

It's the socialist way - the way of change. It's so... now.

 

You know, when Nelson Rockefeller died, his estate was worth about $250 million.

There were about 250 million people in the US at that time.

I often thought how democratic it would be if his entire fortune - which he inherited from his evil granddad - were distributed equally amongst "the people".

Every man, woman and child would have received a dollar.

The mind reels at the amount of good that could have done to improve our lives and to make a real difference in the world.

 

[/s]

[Booster4324]

A slight diversion - this is about Evil Exxon - the most criminal robber baron de jour.

 

Exxon just posted their Q1 results - to the orchestrated gasps and horrified shrieks of the socialists living the a capitalist world.

 

Mind you, these are results for the first quarter only. Oh, and the figures are in "millions" for those of you who might not be familiar with how financials are reported in the real world.

 

Gross Income 116,854

Op expenses 96,662

Profit Before Income Taxes: 20,192

Income Taxes: 9,302

Net Income: 10,890

 

Part of their Op expenses were:

Sales-based taxes 8,432

All other taxes 11,607

TOTAL TAXES PAID IN Q1: 29,341 = that's twenty nine billion dollars that went to local, state and Federal coffers, both here and around the world.

 

Then again they spent 5,491 on global exploration of fuel sources.

They also employ over 105,000 people who pay taxes.

Exxon is widely owned by institutional investors and the enterprise has over 5 billion shares outstanding - and the dividends those shares generate are taxed as ordinary income by the share owners.

 

I say Barak should nationalize the entire oil industry in the US the morning after he becomes President.

Why should the government get less profit from the company than the company makes in profit?

The government should take ALL the profit. Better yet, the government is so good at running things, it should be able to do a LOT better job of running a simple thing like and oil company.

That way the goose can be slit open and all the gold can be taken from its belly and he can pass it around to those who deserve and need it.

It's the socialist way - the way of change. It's so... now.

 

You know, when Nelson Rockefeller died, his estate was worth about $250 million.

There were about 250 million people in the US at that time.

I often thought how democratic it would be if his entire fortune - which he inherited from his evil granddad - were distributed equally amongst "the people".

Every man, woman and child would have received a dollar.

The mind reels at the amount of good that could have done to improve our lives and to make a real difference in the world.

 

[/s]

 

Am I missing something (probably), but that looks like a 25% tax rate. Is that including things the company purchases? If so call the waambulance as my taxation rate is much higher. It seems to include sales tax. Do those figure include matching SS funds?

[Wacka]

People also forget who the shareholders of the "evil oil companies" are. If you have a a mutual fund, you probably own part of the oil companies.

Finally, the oil companies are putting out radio commercials here in the SF Bay area reminding people of that.

[Booster4324]

People also forget who the shareholders of the "evil oil companies" are. If you have a a mutual fund, you probably own part of the oil companies.

Finally, the oil companies are putting out radio commercials here in the SF Bay area reminding people of that.

 

I seem to remember you spouting off about a 40% taxation rate for the companies. Was that someone else?

[John Adams]

Am I missing something (probably), but that looks like a 25% tax rate. Is that including things the company purchases? If so call the waambulance as my taxation rate is much higher. It seems to include sales tax. Do those figure include matching SS funds?

 

Companies don't get taxed at the same rate as individual income tax. The govt !@#$s a company on profit, then !@#$s you when the company pays you. It's a great system.

[Booster4324]

Companies don't get taxed at the same rate as individual income tax. The govt !@#$s a company on profit, then !@#$s you when the company pays you. It's a great system.

 

I am referring to total taxation. I could care less which tax it is applied to.

[ExiledInIllinois]

A slight diversion - this is about Evil Exxon - the most criminal robber baron de jour.

 

Exxon just posted their Q1 results - to the orchestrated gasps and horrified shrieks of the socialists living the a capitalist world.

 

Mind you, these are results for the first quarter only. Oh, and the figures are in "millions" for those of you who might not be familiar with how financials are reported in the real world.

 

Gross Income 116,854

Op expenses 96,662

Profit Before Income Taxes: 20,192

Income Taxes: 9,302

Net Income: 10,890

 

Part of their Op expenses were:

Sales-based taxes 8,432

All other taxes 11,607

TOTAL TAXES PAID IN Q1: 29,341 = that's twenty nine billion dollars that went to local, state and Federal coffers, both here and around the world.

 

Then again they spent 5,491 on global exploration of fuel sources.

They also employ over 105,000 people who pay taxes.

Exxon is widely owned by institutional investors and the enterprise has over 5 billion shares outstanding - and the dividends those shares generate are taxed as ordinary income by the share owners.

 

I say Barak should nationalize the entire oil industry in the US the morning after he becomes President.

Why should the government get less profit from the company than the company makes in profit?

The government should take ALL the profit. Better yet, the government is so good at running things, it should be able to do a LOT better job of running a simple thing like and oil company.

That way the goose can be slit open and all the gold can be taken from its belly and he can pass it around to those who deserve and need it.

It's the socialist way - the way of change. It's so... now.

 

You know, when Nelson Rockefeller died, his estate was worth about $250 million.

There were about 250 million people in the US at that time.

I often thought how democratic it would be if his entire fortune - which he inherited from his evil granddad - were distributed equally amongst "the people".

Every man, woman and child would have received a dollar.

The mind reels at the amount of good that could have done to improve our lives and to make a real difference in the world.

 

[/s]

 

That 29 billion, I hope goes into maintaining the road infrastucture of this country... That 29 the gov't) siphon that off to other things, it sure hurts the ability to keep in place a quality infrastructure... Like bridges and roads.