RE: Perry Promises Increased Drilling and Decreased Regulation (Full Version)

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jlf1961 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 10:50:39 AM)

I am surprised that Sanity hasn't said anything about the bakken formation oil field.  It IS the largest oil field in the lower 48 states.




mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 10:51:19 AM)

I could, my father has owned a piece of it since 1949 and now I do.

LOL.





tj444 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 11:07:06 AM)


quote:

ORIGINAL: FirstQuaker

quote:

ORIGINAL: tj444

Nothing personal but... if the US doesn't want Canada's oil, China does..


Sinopec (China) already owns much of it. But until "closer' and more easily refinable  oil gets way pricier, China makes more money selling it to the roundeyes, then they would if they did ship it to China. Even the tar sands and shale in the US are still to costly to mine and process, considering all the labor and regulatory costs.

Those tar sands would be sitting untouched if Canada could not sell the petroleum from them to the US. It isn't even economical most the time to ship the oil; to Eastern Canada, yet.

lol And yet Exxon Mobil is going to be shipping oil via the pipeline from the Kearl project in Alberta to Texas in 2012...

The statement about China wanting it came from Exxon Mobil regarding Kearl and the pipeline to Texas. Basically, get it done. I, however, personally dont care if it is or not, imo those jobs should stay in Alberta where they belong..

I somehow dont see oil getting cheaper, given that China's energy needs is increasing rapidly, they will be the 2nd biggest energy consumer (behind the US) very soon. China buys a lot of Canada's coal, I am sure oil wont be far behind (or why buy stakes in it?). They might be selling it to the roundeyes now, but oil isnt going to be getting any cheaper, imo. And they do tend to think longer term than the US does, imo. If ya'll have a hard on for them "stealing" American jobs,.. i wonder whats gonna happen when they decide to take more and more of that oil for themselves instead.. It will be interesting..




mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 11:11:14 AM)

The time to repair the roof is while the sun is shining.

But the political gravamen of the conservatives is drilled no deeper than jingoes and I don't want to pay more for energy, let the grandbabies do it.




FirstQuaker -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 1:29:07 PM)

quote:

ORIGINAL: tj444

lol And yet Exxon Mobil is going to be shipping oil via the pipeline from the Kearl project in Alberta to Texas in 2012...

The statement about China wanting it came from Exxon Mobil regarding Kearl and the pipeline to Texas. Basically, get it done. I, however, personally dont care if it is or not, imo those jobs should stay in Alberta where they belong..

I somehow dont see oil getting cheaper, given that China's energy needs is increasing rapidly, they will be the 2nd biggest energy consumer (behind the US) very soon. China buys a lot of Canada's coal, I am sure oil wont be far behind (or why buy stakes in it?). They might be selling it to the roundeyes now, but oil isnt going to be getting any cheaper, imo. And they do tend to think longer term than the US does, imo. If ya'll have a hard on for them "stealing" American jobs,.. i wonder whats gonna happen when they decide to take more and more of that oil for themselves instead.. It will be interesting..


The pipeline to anywhere in North America from Alberta will be far cheaper then shipping it in the massive chain of  tankers to China, or anywhere else in Asia, and will be for some period of time. Once you get a pipeline built, shipping oil with it is pretty inexpensive.

And the intial cost of getting the tar oil processed into shippable form is far higher then pumping that light sweet crude out of the ground and onto a tanker, like the Arabian oil.

The more fuel costs the more it cost to run a vessel. The supertankers are pretty efficient ships, but still, running 60 and 70 thousand horsepower engines wide open and around the clock is not cheap.

But for the foreseeable future, Canada depends on the US to buy it from Alberta




jlf1961 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 1:51:47 PM)

As has been pointed out before, tar or oil sands do not really have oil.  It is bitumen, which is a tar like substance that is the basis for synthetic oil production.

You dont drill for it, you use surface mining and the particulates have to be removed on site before you can do much else with it.  To pump it through a pipeline, it has to be either heated or mixed with lighter hydrocarbons. 

It is called unconventional oil.  It is more expensive to refine and if you want cheap affordable gas, then you are looking in the wrong place.

Sanity made the statement that "many leftists dont care that higher energy costs are causing poor people to go hungry and to do without many of lifes necessities..." and yet he is advocating a resource that will RAISE the cost of gasoline at the pump.




tj444 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 5:16:39 PM)


quote:

ORIGINAL: FirstQuaker
The pipeline to anywhere in North America from Alberta will be far cheaper then shipping it in the massive chain of  tankers to China, or anywhere else in Asia, and will be for some period of time. Once you get a pipeline built, shipping oil with it is pretty inexpensive.

And the intial cost of getting the tar oil processed into shippable form is far higher then pumping that light sweet crude out of the ground and onto a tanker, like the Arabian oil.

The more fuel costs the more it cost to run a vessel. The supertankers are pretty efficient ships, but still, running 60 and 70 thousand horsepower engines wide open and around the clock is not cheap.

But for the foreseeable future, Canada depends on the US to buy it from Alberta

pffft Yeah, sure, you keep tellin yourself that, bud...

"Filing with the Canadian regulator National Energy Board, Enbridge's Northern Gateway Pipelines has signed commercial agreements that fully subscribe for the long-term service and capacity of both the crude oil export pipeline and condensate import pipeline. The Canadian producers and Asian markets have agreed on commercial terms relating to the long-term use of the project.
The Northern Gateway project will build two pipelines from Edmonton, Alberta to a new marine terminal in Kitimat, British Columbia, on Canada's West Coast. "

http://www.pennenergy.com/index/petroleum/display/0695044630/articles/pennenergy/petroleum/pipelines/2011/08/enbridge_s-_5_5b_northern.html




FirstQuaker -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 5:28:21 PM)

If they had any sense they would pipe it east, not west, and end Ontario and Quebec's reliance on foreign oil.

Of course, corporate Canada woudl take a beating, in that case.




mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 5:37:37 PM)

And there would also be some foolishness to shipping to Quebec, it would be akin to our foolishness of letting Jefferson Davis be secretary of the war department prior to the civil war and then letting him move all the federal armories south that he could.

Quebec is tenuous in terms of the Canadian states. They got that poussy foussy goin on with them.




FirstQuaker -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 6:30:05 PM)

quote:

ORIGINAL: mnottertail

And there would also be some foolishness to shipping to Quebec, it would be akin to our foolishness of letting Jefferson Davis be secretary of the war department prior to the civil war and then letting him move all the federal armories south that he could.

Quebec is tenuous in terms of the Canadian states. They got that poussy foussy goin on with them.


That is a two edged sword.

If the Frogs drop out of Canada, they just might face a major increase of their petro chemical prices, if they were on the end of such a pipe, for then Canada companies would charge them the going international rate per barrel.

Right now there is enough complaints in the Dominion on just how the gas prices from province to province do not reflect the actual corporate costs, to obtain, process and transport it to where it is sold. Ontario for instance, gets robbed  at the gas pump.

This has already caused Parliamentary inquiries, when for example, gasoline on the ALCAN in the Yukon or in Nunavut costs less per liter then it does in Ottawa.




mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 6:37:29 PM)

What price freedom, eh?





Sanity -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:00:34 PM)


Thats ridiculous - it wont raise the cost at the pump, it will lower it. Nothing sells for more than market value unless its a superior product, ergo you cant bring gold or cars or french fries to market if youre mining, processing, manufacturing etc is not competitive.

Again, its feasible to recover and sell now, obviously. And of course, at current market prices.

quote:

ORIGINAL: jlf1961

As has been pointed out before, tar or oil sands do not really have oil.  It is bitumen, which is a tar like substance that is the basis for synthetic oil production.

You dont drill for it, you use surface mining and the particulates have to be removed on site before you can do much else with it.  To pump it through a pipeline, it has to be either heated or mixed with lighter hydrocarbons. 

It is called unconventional oil.  It is more expensive to refine and if you want cheap affordable gas, then you are looking in the wrong place.

Sanity made the statement that "many leftists dont care that higher energy costs are causing poor people to go hungry and to do without many of lifes necessities..." and yet he is advocating a resource that will RAISE the cost of gasoline at the pump.




mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:06:22 PM)

Ja, especially that bakken field. remember, ask for bakken field based petroleum products at the pump, and at your mechanics.

Fuck that Canadian road rubber salesman.


Tell 'em Ron sent ya.
Ron 'Bakken Field' Melby




jlf1961 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:18:54 PM)

quote:

In mid-2006, the National Energy Board of Canada estimated the operating cost of a new mining operation in the Athabasca oil sands to be C$9 to C$12 per barrel, while the cost of an in-situ SAGD operation (using dual horizontal wells) would be C$10 to C$14 per barrel. This compares to operating costs for conventional oil wells which can range from less than one dollar per barrel in Iraq and Saudi Arabia to over six in the United States and Canada's conventional oil reserves.
The capital cost of the equipment required to mine the sands and haul it to processing is a major consideration in starting production. The NEB estimates that capital costs raise the total cost of production to C$18 to C$20 per barrel for a new mining operation and C$18 to C$22 per barrel for a SAGD operation. This does not include the cost of upgrading the crude bitumen to synthetic crude oil, which makes the final costs C$36 to C$40 per barrel for a new mining operation.
http://en.wikipedia.org/wiki/Athabasca_oil_sands


Please note the costs of production for tar sands, and tell me that those costs will not be passed on to the consumer.

You are dreaming if you think it won't be.




Sanity -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:29:01 PM)


Ask yourself how much is oil selling for a barrel

The initial startup costs may seem like a lot but there is so much oil there that those costs will be negated in time, thats how such startups work

Canada can still sell the tar sands oil at market prices and make a nice profit, provide a lot of very badly needed energy, and put a lot of people to work in decent paying jobs in the process

Using the pipeline instead of supertankers the transport costs will be low enough to recoup a large portion of the costs as well

Win-win-win

quote:

ORIGINAL: jlf1961

quote:

In mid-2006, the National Energy Board of Canada estimated the operating cost of a new mining operation in the Athabasca oil sands to be C$9 to C$12 per barrel, while the cost of an in-situ SAGD operation (using dual horizontal wells) would be C$10 to C$14 per barrel. This compares to operating costs for conventional oil wells which can range from less than one dollar per barrel in Iraq and Saudi Arabia to over six in the United States and Canada's conventional oil reserves.
The capital cost of the equipment required to mine the sands and haul it to processing is a major consideration in starting production. The NEB estimates that capital costs raise the total cost of production to C$18 to C$20 per barrel for a new mining operation and C$18 to C$22 per barrel for a SAGD operation. This does not include the cost of upgrading the crude bitumen to synthetic crude oil, which makes the final costs C$36 to C$40 per barrel for a new mining operation.
http://en.wikipedia.org/wiki/Athabasca_oil_sands


Please note the costs of production for tar sands, and tell me that those costs will not be passed on to the consumer.

You are dreaming if you think it won't be.





mnottertail -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:41:38 PM)

http://www.albertaoilmagazine.com/2011/09/enhanced-oil-recovery-%E2%80%93-show-me-the-money/

so, it is very dependent upon extraction conditions and methods. operating is going to be of course cheaper. West Texas is going 87 bucks a barrel and brent 114.

Price would rise.




tj444 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:44:35 PM)


quote:

ORIGINAL: FirstQuaker

If they had any sense they would pipe it east, not west, and end Ontario and Quebec's reliance on foreign oil.

Of course, corporate Canada woudl take a beating, in that case.

lol I am a Western Canadian born in Alberta... I (& I am sure many Albertans) still hate Trudeau for his NEP and putting Alberta into an economic tailspin for 15 or so years... We used to have a saying "let them freeze in the dark" lol

"Premier of Alberta Peter Lougheed went on national television to announce that oil shipments to the rest of Canada would be halted, forcing the federal government to import more expensive crude. Lougheed also stopped development on several oil sands projects."
http://en.wikipedia.org/wiki/National_Energy_Program




tj444 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:48:41 PM)


quote:

ORIGINAL: mnottertail

And there would also be some foolishness to shipping to Quebec, it would be akin to our foolishness of letting Jefferson Davis be secretary of the war department prior to the civil war and then letting him move all the federal armories south that he could.

Quebec is tenuous in terms of the Canadian states. They got that poussy foussy goin on with them.

Naw, not really. In the last federal election the Bloc was decimated, meaning imo that separation of Quebec is an empty threat. Imo its always been used as a bargaining chip to get Quebec more than it perhaps should... They would need to come up with their share of the Federal debt too.. lol




tj444 -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 7:53:14 PM)


quote:

ORIGINAL: FirstQuaker
Right now there is enough complaints in the Dominion on just how the gas prices from province to province do not reflect the actual corporate costs, to obtain, process and transport it to where it is sold. Ontario for instance, gets robbed  at the gas pump.

This has already caused Parliamentary inquiries, when for example, gasoline on the ALCAN in the Yukon or in Nunavut costs less per liter then it does in Ottawa.

umm,.. well the price of gas in each province also depends on the amount of provincial tax included in the pump price. In some areas too, there are local taxes added as well to the price of gas. That is why BCers drive across the border to buy gas in WA state, cuz the price difference due to tax is substantial.




Sanity -> RE: Perry Promises Increased Drilling and Decreased Regulation (10/17/2011 8:03:37 PM)


More or less than if there were NO oil coming to market? [;)]

Again, they can only bring it to market if they can do so competitively.

quote:

ORIGINAL: mnottertail

http://www.albertaoilmagazine.com/2011/09/enhanced-oil-recovery-%E2%80%93-show-me-the-money/

so, it is very dependent upon extraction conditions and methods. operating is going to be of course cheaper. West Texas is going 87 bucks a barrel and brent 114.

Price would rise.




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