gasoline prices

[jon1856]

Originally Posted by texas*princess

Even if they started "exploring" tomorrow, it would take anywhere from 3-5 YEARS for that to affect prices.

And even if this is something that does provide a solution for a few decades, what about after that? And what about the other ramifications this causes?

Considering you have told us on more than one occasion that you are in the oil industry, that doesn't exactly make you an unbiased person.... how much was it Exxon made in profits last year? 92-Billionish?

I agree with you Texas*Princess.
And as I posted, add on at least 10-20 years for equipment and tools needed to work on, work with, and distribute product.

[flirt5721]

So this week I drove to California from AZ and I was completely shocked at the prices of gas just crossing the state line. AZ $4.07 CA $4.69. I even think i saw one place in CA with gas was $4.9something

[TexasWSP]

Originally Posted by jon1856

I agree with you Texas*Princess.
And as I posted, add on at least 10-20 years for equipment and tools needed to work on, work with, and distribute product.

What?? Why would it take 10-20 years to find "equipment" needed to drill and produce oil? That doesn't make much sense to me. Maybe I missed your other post but that is somewhat puzzling.

[jon1856]

Originally Posted by TexasWSP

What?? Why would it take 10-20 years to find "equipment" needed to drill and produce oil? That doesn't make much sense to me. Maybe I missed your other post but that is somewhat puzzling.

Brother;
You may have missed it either in this thread or another gas related one.
It would be kind of difficult to start looking for and drilling for oil off shore with out the deep sea boats used for that correct?!

Well, unless I heard incorrectly, those that do currently exist are fully committed and in use.

Rest are somewhere between design work and shipyards in China.

Add to that no up updates, expansion or new building of refineries and that is where the time frame comes into play.

Along with the fact, as I know it or understand it, that even if product is drilled off US shoreline, it could go anywhere.

Which then adds into mix problems with distribution and use by other counties.

Unlike wind or solar power.

[TexasWSP]

Originally Posted by jon1856

Brother;
You may have missed it either in this thread or another gas related one.
It would be kind of difficult to start looking for and drilling for oil off shore with out the deep sea boats used for that correct?!

Well, unless I heard incorrectly, those that do currently exist are fully committed and in use.

Rest are somewhere between design work and shipyards in China.

Add to that no up updates, expansion or new building of refineries and that is where the time frame comes into play.

Along with the fact, as I know it or understand it, that even if product is drilled off US shoreline, it could go anywhere.

Which then adds into mix problems with distribution and use by other counties.

Unlike wind or solar power.

I don't deal at all with off-shore drilling so I can't really comment on any of that.

Sure, there is a time frame associated with when oil would make a noticeable impact due to the lack of refineries. That doesn't mean that opening up drilling and immediately producing oil won't affect the speculation markets.....which, as you probably know, is a huge determinant of oil and gas prices. I mean, Bush did nothing more than lift the ban of offshore drilling and oil fell 6$.

Oil and natural gas that is produced can go anywhere, yes. I can't imagine that would take place considering we import 75% of our energy. That all depends on who is doing the drilling, who has pipeline contracts, where the product is flowing to via pipelines, gas marketers, etc. etc. etc.