Re: Illinois speed traps | <– Date –> <– Thread –> |
From: Rich (Richf355![]() |
|
Date: Fri, 8 Aug 2008 18:03:31 -0700 (PDT) |
Some brief facts on Oil leases i ran across recently. Like staking Gold
mining claims out west. Just because you have a claim does not mean there
is cost effective gold that can be recovered underneath your claim.
Rich
Let's make sure we all understand how offshore leasing works. The potential commercial value and the chance that a particular lease will provide a discovery of oil or gas is often just speculation at the time of bidding. The acquisition of the lease allows for control of that lease for from five to 10 years so that further evaluations can be made. Commonly subsequent work, often costing millions of dollars, leads to the conclusion that no economically viable accumulation is present.
What needs to be better understood by all of us is that the holding of a federal offshore lease doesn't indicate a certainty that oil or gas is present. It's more of a bet that it may be present, a bet that can only be made good by the investment of large sums of money. The controlling federal agency, the Minerals Management Service, has an excellent Web site at www.mms.gov. RICHARD KLECKER Damascus The writer is a retired exploration geologist.
----- Original Message ----- From: "Stephen Sherman" <sherman [at] wildblue.net>
To: "Rich" <RichF355 [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, August 08, 2008 8:18 PM
Subject: Re: [Ferrari] Illinois speed traps
Rich
Oil is no sure thing
Let's make sure we all understand how offshore leasing works. The potential commercial value and the chance that a particular lease will provide a discovery of oil or gas is often just speculation at the time of bidding. The acquisition of the lease allows for control of that lease for from five to 10 years so that further evaluations can be made. Commonly subsequent work, often costing millions of dollars, leads to the conclusion that no economically viable accumulation is present.
What needs to be better understood by all of us is that the holding of a federal offshore lease doesn't indicate a certainty that oil or gas is present. It's more of a bet that it may be present, a bet that can only be made good by the investment of large sums of money. The controlling federal agency, the Minerals Management Service, has an excellent Web site at www.mms.gov. RICHARD KLECKER Damascus The writer is a retired exploration geologist.
----- Original Message ----- From: "Stephen Sherman" <sherman [at] wildblue.net>
To: "Rich" <RichF355 [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, August 08, 2008 8:18 PM
Subject: Re: [Ferrari] Illinois speed traps
1.When the Oil companies use the leases they have I would support off shore
but not until then.
2. Don't expect American Oil not to sell on the open market.
3. Think about it:If your raw materials have gone up and your product has
gone up and you are selling less of your product AND you HAVE RECORD PROFITS
would you increase your supply
of raw materials or build more factories so you produce more product and
make less profit.
Don't think so.
I was in line at a fast food establishment after Katrina and was talking to
an oil man about the $3
gasoline and he said 'I did not see you complain when I was getting $10 a
barrel for my oil.
And remember these are the good days. I am 64 and I expect to see $10 a gallon b4 I check out.
Stephen
81 308 GTSi
----- Original Message ----- From: "LarryT" <l02turner [at] comcast.net>
To: "Stephen" <sherman [at] wildblue.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, August 08, 2008 6:03 PM
Subject: Re: [Ferrari] Illinois speed traps
Ken quoted Tommy Jefferson as saying <<governmentthose entrusted with power have, in time, and by slow operations, perverted it into tyranny.>>
It appears we are deep into that process -- as I understand it Pelosi and gang are so determined to prevent the "Drill Here, Drill Now" movement from bringing drilling offshore to a vote they turned the lights off while Republican senators continued to speak and today I hear some kind of "compromise" legislation that prevents drilling while showing congress is doing *something*. Don;t they freakin underrstand what the people want? Lower prices and energy independence.
Geez, there's 536 morons inside the beltway - all being paid by tax dollars and all they do is make a show.
As far as the speed traps - the New Jersey portion of I95 used to have toll booths with time stamps on the tickets - rumor has it they checked the time to make sure you didn;t move between booths to quickly.
While he didn;t get the timing quite right when he wrote "1984" he seems to have the concept pretty well covered.
We are being smothered with governmental "Help". Either in the name of safety or "For the Children" It''s like LBJs "War on Poverty" - we'd be better off giving all the poor people $1 mil each and we'd have come out ahead.
sorry for the rant - everything seems to be going into the crapper at once - and the children of gov't take a recess. Not that they;d make things better based on past experience.
Larry T (66 MGB, 74 911, 91 300D) www.youroil.net for Oil Analysis and Weber Parts Test Results http://members.rennlist.com/oil PORSCHE POSTERS! youroil.net 800-583-8601 Weber Carb Info http://members.rennlist.com/webercarbs
----- Original Message ----- From: "Ken Rentiers" <rentiers [at] me.com>
To: "Larry Turner" <l02turner [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, August 08, 2008 3:59 PM
Subject: Re: [Ferrari] Illinois speed traps
On Aug 8, 2008, at 1:56 PM, LtWacko wrote:
You are forgetting about the proposed use of our I-Pass/electronic toll collection being used to calculate our speed. If your "time" between toll collection points averages above the set speed limit, you will receive your tax donation certificate via mail. One way to beat this is to have "two" I-Passes. You just have to remember to switch them while "pacing" the traffic between "check points".
This was the system on the French AutoRoutes when I was over there a few years back. No I-Pass; they just issued a paper receipt which you presented at the next window to pay. It had the time of printing stamped on it. Between the toll plazas, which were about 30 KM apart, were wonderful roadside parks with benches etc. The prevailing method of driving was to go like Godzilla was right behind you, then pull into les parc for a Gauloise. Once the requisite amount of time had elapsed you resumed driving absolutely flat out all the way to the next toll plaza.
You cannot legislate human behavior.
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. Thomas Jefferson _________________________________________________________________ To unsubscribe or modify your subscription options, please visit: http://lists.ferrarilist.com/mailman/options/ferrari/l02turner%40comcast.net
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- Re: Illinois speed traps, (continued)
- Re: Illinois speed traps LarryT, August 9 2008
- Re: Illinois speed traps Hans E. Hansen, August 9 2008
- Re: Illinois speed traps LarryT, August 9 2008
- Message not available
- Re: Illinois speed traps Hans E. Hansen, August 10 2008
- Re: Illinois speed traps Rich, August 8 2008
- Re: Illinois speed traps LarryT, August 8 2008
- Re: Illinois speed traps Stephen Sherman, August 8 2008
- Re: Illinois speed traps LarryT, August 9 2008
- Re: Illinois speed traps red5hilser, August 8 2008
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