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Oil under $10/barrel


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2 hours ago, Ferret said:

Agree. This is not the time but it should be a wake up call and I can't, for the life of me, understand why it was never done during the "good" times. The same goes for Canada... shipping tar oil is hazardous.

We dumped anything to do with oil ten years ago. It is a "fossilized" industry whose time has passed. A "dinosaur" if you will. We need CLEAN energy in this world and it better happen soon!

 

In Canada the environmentalists won't let a refinery be built in the west so they have to ship it out of the country to be refined.

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2 minutes ago, cedros said:

In Canada the environmentalists won't let a refinery be built in the west so they have to ship it out of the country to be refined.

That makes a lot of sense.  You get less environmental pollution by shipping it both ways, right?  And Canada is so rich they can afford to give away those high paying refinery jobs.

What do you want to bet the geniuses who are behind this all drive cars?  And probably some pretty big trucks too.

  🤣

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In the greater BC and WA areas, there isn't that much sun or free oil, but there are plenty of cloudy rainy days. So solar panels are not the best choice. (neither is oil) Rather we get most of our electricity from rain water racing down the rivers, and going over dams and where  electrical generators are used to produce much more than 80% to 90 % of  the total power.

In fact the largest utility in BC that generates electricity is not called BC electric, rather it is called  BC Hydro.

Seattle City light for example,, according to my last bill gets its power from

Hydro           86%

Wind              7%

Nuclear         5%

Biogas          1%

Unspecified 1%

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32 minutes ago, Ferret said:

Total unadulterated hogwash. Fake news and distorted opinion[which this is,opinion] comes out when people are  mentally vulnerable at times like this. I'm sure there is more to come of this sort of bullfarb.

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On 4/21/2020 at 1:47 PM, Ferret said:

Time will tell and yes, it was an opinion piece, one with which I happen to agree. Sorry Alberta.

https://www.nrcan.gc.ca/energy/electricity-infrastructure/about-electricity/7359

 

How about sorry Canada because until now Alberta was the engine that ran it. Equalization payments alone will tell you that. Got sucked in by the SJW and foreign meddlers agendas did you?

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4 minutes ago, happyjillin said:

How about sorry Canada because until now Alberta was the engine that ran it. Equalization payments alone will tell you that. Got sucked in by the SJW and foreign meddlers agendas did you?

The Tar Sands in Canada is a terrible, terrible ecological disaster . How the Canada can cast  stones at other parts of the world for being responsible for climate change etc etc  is beyond me.

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Frack'in ain't so bad as long as you have tons and tons of clean water to start with and a hole in mother earth to put the chemical-laden spent water back into, hopefully missing an aquifer . Oh, and some county roads you can chew up in the mean time trucking that stuff around like mad. Otherwise....

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Maybe we could send our best oil people to China and help them find and produce enough for the whole world and keep all that nasty drilling and fracking over there.

Wait...

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On 4/24/2020 at 1:40 PM, lakeside7 said:

The Tar Sands in Canada is a terrible, terrible ecological disaster . How the Canada can cast  stones at other parts of the world for being responsible for climate change etc etc  is beyond me.

Why don't you misname the oil sands in Utah tar sands and rail against that and what about in California? Tar is produced from coal ,oil or wood and  is commonly used as road asphalt and roofing material  and oil sands produce heavy "oil" bituman. Utah oil sands fotos

oil sands utah.jpg

oil sands utah x.jpg

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On 4/24/2020 at 2:38 PM, Mainecoons said:

It's expensive.  At $10 per barrel won't be a lot of it happening going forward.

Mexico can fix their Pemex problem tomorrow by selling it off and recognizing government can't do things like this well, particularly a government that is highly prone to corruption.

I was thinking something similar. Why not put Pemex up for bid and let BP, Chevron, Shell etc. Purchase? Mexico could fill its treasury then put a reasonable tax on the sales. Just my thoughts. 

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That would be logical.

I remember waiting over a year to get a phone line in Chapala when the government owned Telmex. 

Problem is AMLO is a socialist, his party holds the majority in congeress and for him Pemex and CFE  are the property of the citizens of Mexico. We have 4 more years to wait before anything could change.

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