Ferrari Mailing List: Re: OIL

[Rick Lindsay (rolindsay]

   The problem is energy addiction.  All these
so-called alternative energy sources are a great idea
and they would be fine if they weren't so inefficient.
 So if you want solar panels and wind generators, etc.
to work, let's cut our consumption rate by 90% and we
might have a start.
   The point folks just won't believe is that oil is a
finite resource and it IS running out.  Its my
business to exploit all that remains.  

rick

--- "Robert W. Garven Jr." <rgarven [at] gmail.com> wrote:

> nuclear= billions more wasted $$ and dangerous waste
> + perfect  
> terrorist target , look at Chernobyl that cleanup is
> going real well.
> 
> solar & win  =  free.   I have to agree with TB
> Pickens here, the only  
> way to keep our Ferraris is to get the world on a
> cheap renewable  
> resource (electricity dah), then gas
> will be cheap because not many people will be using
> it. I would buy  
> and electric car if i could keep my Ferrari. BTW I
> live near one of  
> the worst oil spills in US history
> and yet there are still 10 offshore rigs working
> right now off our  
> coast and in my small beachside city there are
> hundreds of wells  
> pumping right now. The issue is peak oil production
> which experts agree that we have reached from here
> on in the supply is  
> going down and the demand is rising.
> 
> I dont have any kids but if I did I would be scared
> for their future,  
> as for me Im going to fill up my Ferrari one of
> life's few  
> pleasures........
> 
> You want to drill off my coast fine I want to cover
> your states with 3  
> WAVELENGTH solar panels  :-) If it works on
> Mars.........
> 
> Robert W. Garven Jr.
> rgarven [at] gmail.com
> 
> 
>   "The Ferrari is a dream - people dream of owning
> this special  
> vehicle and for most people it will remain a dream
> apart from for  
> those lucky few". Enzo Ferrari
> 
> 
> 
> 
> 
> 
> On Aug 9, 2008, at 12:05 PM, Rick Lindsay wrote:
> 
> > Nice write-up Brian.
> >
> > I work for Nobel Energy, Inc. in the Gulf of
> Mexico
> > Deepwater Business Unit.  My job is the technology
> of
> > oil and gas exploration.  I've been doing this for
> 26
> > years for super-majors and independents, and can
> add a
> > few of points.
> >
> > + Drilling success in a mature basin is about 25%.
> > That's one well in four is a discovery.  A typical
> > well where I work costs about $100,000,000.  In a
> > frontier basin, the success rate drops to under
> 10%.
> >
> > + To understand the system, you have to understand
> the
> > dynamics of constant change, not the static
> issues.
> > The TIME it takes from idea to first oil in the
> > pipeline is often over 10 years!  Most of the
> money is
> > spent in the first two years!  That's a L_O_N_G
> lead
> > time before your millions of dollars of investment
> > might pay out.  How much money you ask?  Its not
> > uncommon to spend a quarter-billion dollars over
> those
> > 10 years before getting one cent back!
> >
> > + Drill rigs are expensive.  We don't own them.
> > Drilling companies do and we lease their services.
>  In
> > our department, rig costs are about a million
> dollars
> > a day!
> >
> > + My company is making good money, not because
> we're
> > greedy but because there is high demand for the
> > product we sell.  Where is that different from any
> > other successful industry?
> >
> > + My company owns no service stations and we own
> no
> > refineries.   (Remember, refineries have to BUY
> the
> > oil they refine!)  We simply create the feed stock
> to
> > the industry.
> >
> > + The issue is not expensive oil, it's not
> greenhouse
> > gases, it's not industrialized versus
> > non-industrialized nations.  It's about our
> addiction
> > to energy.  It doesn't matter the source.  And as
> with
> > any other addiction, the answer is not MORE and
> > CHEAPER supply.  It's about beating the addiction.
> >
> > + The only viable solution is nuclear.
> >
> > rick
> >
> > PS: PayPal acceptable for the two-cent fee.
> >
> > --- "Brian E. Buxton"
> > <BrianBuxton [at] BuxtonMotorsports.com> wrote:
> >
> >> Here is something I put together about a month
> ago -
> >> had been wondering
> >> about where fuel prices came from and how much
> >> profit there actually was
> >> in oil.  As with many other issues (minimum wage,
> >> "big" business, etc.)
> >> the issue comes down to TAXES!!
> >>
> >>
> >> B
> >>
> >>
> >>
> >> Want lower fuel prices? VOTE!
> >>
> >> Because of the high cost of gasoline over the
> past 6
> >> months, I have been
> >> wondering exactly what it costs to drill for,
> pump,
> >> transport, store,
> >> refine, mix additives into and transport gasoline
> to
> >> a gas pump where it
> >> can be purchased by you and I. After a little
> >> research and reading a
> >> great article by Csaba Csere in the Aug. 20008
> Car &
> >> Driver I have a
> >> little better understanding of the entire
> process. I
> >> found it very
> >> interesting and thought that you might as well. I
> >> will use ExxonMobil
> >> Oil Company as my example ...
> >>
> >> American oil companies actually own very little
> of
> >> the 388.6 million
> >> gallons of oil that we Americans utilize
> everyday.
> >> They have to buy
> >> crude oil on the open market in order to have a
> >> product that can be
> >> refined into gas, diesel, jet fuel, motor oil,
> >> heating oil, etc. A
> >> barrel of crude oil contains 42 gallons of oil,
> and
> >> as of July 3, 2008
> >> costs $145.29 per barrel. That means the raw
> >> material that the oil
> >> companies purchase currently costs roughly $3.46
> per
> >> gallon.
> >>
> >> Based on figures from its 2007 annual report,
> Exxon
> >> made approximately
> >> 58 cents per gallon for finding / buying oil,
> >> pumping it out of the
> >> ground and into storage tanks, transporting it to
> a
> >> refinery, turning it
> >> into gasoline, and distributing that fuel to gas
> >> stations all over the
> >> US. Of that 58 cents of profit, Exxon paid about
> 25
> >> cents in income tax
> >> (they pay 41% of their taxable income to the US
> >> Government!) -
> >>
> >
>
(http://seekingalpha.com/article/63131-exxon-s-2007-tax-bill-30-billion
> 
> > ).
> >>
> >> The Federal Government also collects 18.4 cents
> of
> >> excise tax per
> >> gallon. The state of Michigan charges an
> additional
> >> 19.875 cents per
> >> gallon of excise and environmental taxes, along
> with
> >> 24 cents of sales
> >> tax (at $4.00 / gallon). Including the sales and
> >> excise tax, Indiana
> >> residents pay 50.1 cents per gallon on gasoline,
> and
> >> 69.2 cents per
> >> gallon on diesel.
> >>
> >> So while ExxonMobil makes 33 cents per gallon of
> >> gross profit (without
> >> the inclusion of paying their employees and the
> >> other costs of being in
> >> business), the Federal Gov. & State Governments
> >> takes 87 cents per
> >> gallon of gas sold in MI, 75 cents per gallon of
> gas
> >> sold in IN, and a
> >> national average of 62 cents per gallon of gas
> sold
> >> in the US
> >> (http://www.indianagasprices.com/tax_info.aspx).
> >>
> >> I have heard many people complain that the high
> fuel
> >> prices are the
> >> fault of the "greedy" oil companies, or President
> >> Bush, etc. But nobody
> >> ever looks at the issues that really affect the
> >> price of fuel. The
> >> falling value of the dollar. Looking at the year
> >> 2000, the Euro was
> >> worth 82 cents compared with the US dollar, and
> >> crude oil was at
> >> approximately $30 per barrel, or 36.5 Euros. In
> >> 2008, because our
> >> elected officials in Congress, the Senate, and
> local
> >> Governments (the
> >> President has little control) have degraded the
> >> value of the dollar by
> >> decades of out of control deficit spending and
> >> enacting various future
> >> programs that have no fiscal support, the Euro
> has
> >> now appreciated from
> >> 82 cents to approximately $1.60. In comparison,
> >> while the cost of crude
> >> oil has quadrupled in dollars (from $30 to $145),
> it
> >> has barely doubled
> >> in Euros (from 36.5 to 80). If the US dollar had
> >> maintained parity with
> >> the Euro, crude oil today would cost $80 a barrel
> >> and gas would be under
> >> $3.00 per gallon.
> >>
> >> The problem is not the oil companies - they give
> >> away almost half of
> >> their profits in taxes, and what they do earn
> they
> >> deserve. Companies
> >> like Exxon are American companies that are
> largely
> >> owned by American
> >> stockholders, who employ ten of thousands of
> white
> >> and blue collar
> >> Americans and pay them very high wages. They help
> to
> >> maintain the high
> >> standard of living the US enjoys, as well as the
> >> technical and
> >> technological superiority that the US enjoys over
> >> the rest of the world.
> >>
> >> The problem isn't OPEC or the oil producing
> >> companies of the Middle
> >> East. Why would they want to produce more oil?
> They
> >> are in business to
> >> make money, and they have a product that everyone
> >> wants and needs. The
> >> price of oil is up, which means the profits they
> >> fairly earn are up. Do
> >> farmers who grow corn sell their product for
> $3.00 a
> >> bushel when the
> >> market pays $4.00, and is up from $2.00 per
> bushel
> >> last year? Do movie
> >> stars cut their $20M per picture salary to make
> >> theater tickets more
> >> affordable? Sports figures give back half of
> their
> >> multiple million
> >> dollar paychecks to make sports tickets cheaper?
> So
> >> why should oil
> >> producers flood the market, lowering prices and
> >> cutting into their profits?
> >>
> >> My point in all this? Don't complain ... Vote.
> This
> >> is an election year.
> >> Get interested in US politics and educate
> yourself
> >> on how we are
> >> affected by the laws that our elected officials
> have
> >> been enacting for
> >> decades. Vote for the officials who will reduce
> >> spending, balance the US
> >> budget, and do what is necessary to keep our
> country
> >> and our dollar
> >> strong. Take a look at how much our IN Governor
> >> Mitch Daniels has done
> >> for our state in the past couple of years -
> balanced
> >> our state budget,
> >> reduced spending, lowered property taxes. It does
> >> affect you, and you
> >> can make a difference. Change can occur!
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >>
> >> Ken Rentiers wrote:
> >>
> >>> On Aug 8, 2008, at 9:20 PM, Stephen Sherman
> wrote:
> >>>
> >>>
> >>>
> >>>> ARE US oil companies drilling on the leases
> they
> >> have in the Gulf or
> >>>> land, NO!
> >>>>
> >>>>
> >>>
> >>> The oil companies lease tracts by bidding. They
> pay
> >> FedGovCo an
> >>> initial deposit and an annual rental for the
> term
> >> of the lease. If the
> >>> tract is not developed the lease is lost. You
> can
> >> bet the very first
> >>> thing that happens after the money has been
> spent
> >> is exploratory
> >>> drilling. And, more often than not, what
> appeared
> >> to be a promising
> >>> tract turns out dry. So they don't continue
> >> drilling. This happens the
> >>> majority of the time. Finding oil is
> ex-pen-sive.
> >> There's your
> >>> "windfall profits" right there. Jesus Christ,
> >> Stephen, do a little
> >>> research before spouting off, you sound like a
> >> goddamned fool.
> >>>
> >>>
> >>>> Have they built any new refineries in the past
> 25
> >> years, NO!
> >>>>
> >>>>
> >>>
> >>> Can't get the permits. Every time they try to
> put
> >> up a new refinery,
> >>> or tap into the vast proven fields off CA or FL
> >> they get sued by the
> >>> Cariboosters and the Firend of the Polar Bear.
> See
> >> "research" above.
> >>>
> >>>
> >>>> Why is EXXON MOBIL getting out of the service
> >> station bussiness TOO
> >>>> LITTLE PROFIT!
> >>>>
> >>>>
> >>>
> >>> And the corner lots are worth a fucking fortune!
> >> They have
> >>> shareholders to answer to. ROI. That's how this
> >> country grew.
> >>>
> >>> I quit - you can't fix stupid.
> >>
> >>
>
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> >>>
> >>
> >> -- 
> >> Brian E. Buxton
> >>
> >> President, Buxton Motorsports, Inc .
> >> www.BuxtonMotorsports.com
> >> (812) 476-2281 x 209
> >> Member ThaList.com
> >>
> >> President, Brian Buxton Enterprises, Inc.
> >> Nationwide Enclosed Auto Transportation
> >>
> www.BuxtonMotorsports.com/storage-transportation.php
> >>
> >>
> >> Founder & Past President
> >> SO. IN Region PCA
> >> www.pca.org/soi
> >>
> >>
> >
>
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