Saudis Signal Support for OPEC Cut

[Donger]

http://hosted.ap.org/dynamic/stories...10-19-09-53-09

DOHA, Qatar (AP) -- Saudi Arabia's oil minister said Thursday that his country supports OPEC's proposed 1 million barrels-a-day production cut.

"We will try to make the market balanced," Ali Naimi said, ending two weeks of silence from the world's largest oil producing nation and giving a quick jolt to oil prices.

Naimi's statement came as the cartel's oil ministers gathered in the capital of Qatar for emergency talks on cutting output after a price decline of more than 25 percent since mid-July.

Light sweet crude for November delivery rose 70 cents to $58.35 a barrel in electronic trading on the New York Mercantile Exchange.

[Bwana]

Originally Posted by Laz

Hydrogen

+ bomb = giant parking lot.

[Lzen]

Kyle401,
Just stop while you're behind.

FYI, if we decide to convert all our corn crops to ethanol, we'll need to import food to replace all the corn.

[jiveturkey]

Originally Posted by oldandslow

And that thing they are using to plant the corn runs on what...

And the stuff they put into the ground that makes the 300 bushel per acre corn is made out of what....

And the liquid they spray to keep all the little buggies and weeds out of the corn is created from....

You only get one guess now...it has 3 letters...starts with an o...

Old...

and slow.


Hi Ohhh!!!

You probably didn't even see it coming.

[Donger]

Originally Posted by Kyle401

Perhaps you missed the part about being able to outproduce our current demand buy 36%. E85 vehicles are typically approximately 20-30% less efficient overall.

Heh. I knew something was wrong with your figures.

The US comsumes 146 billion gallons of gasoline per year, not 21.9 billion.

[Kyle401]

I could go on and on but, there's no use arguing when no one will likely change their mind. Go find an article that supports your point of view. There are all kinds out there. I'm sure everyone can find one that will assure them that they are indeed correct.

FYI: 35% efficiency is considered good for most energy generation processes.

[Donger]

Originally Posted by Kyle401

I could go on and on but, there's no use arguing when no one will likely change their mind. Go find an article that supports your point of view. There are all kinds out there. I'm sure everyone can find one that will assure them that they are indeed correct.

FYI: 35% efficiency is considered good for most energy generation processes.

Wait. Are you disputing the fact that we consume 146 billion gallons of gasoline every year?

[Mr. Laz]

Originally Posted by Kyle401

FYI: 35% efficiency is considered good for most energy generation processes.

not when you have to use the energy you are trying to conserve.


switching to ethanol wouldn't save oil ... it would use more of it.



not matter how many willie nelson jr. start singing ... ethanol is not a viable replacement, only a supplement.

[Kyle401]

Originally Posted by Donger

Heh. I knew something was wrong with your figures.

The US comsumes 146 billion gallons of gasoline per year, not 21.9 billion.

That figure was based on U.S. Motor Gasoline Sales to end users.


~60 million gpd * 365 days per year = 21.9 billion gallons per year,

[Halfcan]

Originally Posted by Kyle401

This only confirms that we can not convert to E85 fast enough.

Screw the oil countries, we got corn.

We could have used different methods 20 years ago-do you really think anything is going to change with Bush in there?

[Calcountry]

Originally Posted by Donger

Unfortunately, ethanol isn't a viable solution. We could convert all of our fields to ethanol production and still not have enough. I'm all for it as a supplement, but not as a replacement.

Donger, what do you know about the oil well in the Gulf that refills itself?

[Calcountry]

Originally Posted by Kyle401

2.8 gallons of ethanol/Bushel of Corn.

U.S. Corn Production 9-10 Billion Bushels per year.

Annual U.S. Gasoline Consumption = 21.9 Billion gallons per year

If all the Corn in the U.S. (at today's production levels) were converted to ethanol (process leaves high quality feed byproduct), we would generate ~26.6 billion gallons of ethanol per year. Approximately 21% greater than our current gasoline consumption and 36% greater than the quantity needed to completely convert to E85.

In 2000, the U.S. produced approximately 35% of our total oil consumption. If we could reduce our gasoline consumption 85%, we would be nearly independent from foreign oil producers.

Fine, here's your problem. How do you get that product to market? Ethenol doesn't pipe through pipelines well. Are you going to truck it? Are you going to make Ethanol big rigs?

[Donger]

Originally Posted by Kyle401

That figure was based on U.S. Motor Gasoline Sales to end users.


~60 million gpd * 365 days per year = 21.9 billion gallons per year,

Well, that's where you went wrong.

[Donger]

Originally Posted by bunnytrdr

Donger, what do you know about the oil well in the Gulf that refills itself?

Huh?

[Calcountry]

Originally Posted by Laz

does a magic fairy come along and fertilize?

do hobbits come along and harvest?


and who processes ... little bo peep?




saw a report somewhere that said it takes 1 and 1/4 gallons of gas to produce a gallon of ethanol. That report was old ... but it's still fairly applicable.

God comes and scatters seed, some falls on rocky ground, some on the fertile ground and produces a crop a hundred fold.

[Calcountry]

Originally Posted by Donger

Huh?

THere is a theory, that oil is created inorganically by the earths heat where the mantle meets the crust. Some geological formations, such as one off the La. coast, have had their productivity increase after they were almost fully depleted.

Do you know anything about this?