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Old 06-14-2018, 04:41 AM  
HonestChieffan HonestChieffan is offline
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US Oil Industry on verge of a major expansion

Look what happens when American business is allowed to do amazing things and the Socialist policies of control, contain, and deny are lifted.

http://time.com/5187074/fracking-ene...l-natural-gas/

U.S. oil and natural gas is on the verge of transforming the world’s energy markets for a second time, further undercutting Saudi Arabia and Russia.

The widespread adoption of fracking in the U.S. opened billions of barrels of oil and trillions of cubic feet of natural gas to production and transformed the global energy sector in a matter of a few years. Now, a leading global energy agency says U.S. natural gas is about to do it again.

The International Energy Agency (IEA) said in a new forecast this week that growth in U.S. oil production will cover 80% of new global demand for oil in the next three years. U.S. oil production is expected to increase nearly 30% to 17 million barrels a day by 2023 with much of that growth coming from oil produced through fracking in West Texas.

“Non-OPEC supply growth is very, very strong, which will change a lot of parameters of the oil market in the next years to come,” Fatih Birol, the head of the International Energy Agency, told reporters at the CERAWeek energy conference hosted by IHS Markit. “We are going to see a major second wave of U.S. shale production coming.”

Republicans politicians and policymakers celebrated the news and sought to take credit for the development. Trump has sought to portray himself as a savior of the U.S. oil and gas industry, opening up federal lands to oil and gas development at a breakneck pace and undoing Obama-era climate regulations.

But analysts attributed the growth in U.S. production to market factors rather than Republican policy. In the report, the IEA forecast that higher oil prices and increased demand from China and India will trigger increased U.S. output to make up the gap. The IEA also predicts that demand for petrochemicals used in plastic will grow overall demand for oil.

Still, the White House sent out a press release highlighting the report on Monday. Republican Sen. Dan Sullivan of Alaska told reporters at CERAWeek that Republican dominated Washington has transformed the federal government from being “basically hostile” to oil and gas under President Obama to actively supporting the industry’s growth. (In reality, Obama promoted natural gas as part of an “all of the above” energy strategy and his signature climate change regulation would have benefited the fossil fuel.)

“There’s never been a more exciting time in the American energy sector,” Sullivan told oil and gas industry insiders. “The American energy renaissance that so many of you in this room are responsible for is now in full swing.”

A second rise in U.S. oil production comes with significant implications for both the global energy markets and geopolitics more broadly. The U.S. supply of oil and natural gas has contributed to political upheaval in the Middle East, creating new competition for oil exports, and in Russia, a leading supplier of natural gas to Europe.

Alexei Texler, Russia’s first deputy energy minister, acknowledged that U.S. shale “poses certain risk” Tuesday but said his country would continue collaborating with partners in Saudi Arabia and elsewhere in response.

“In a shale revolution world, no country is an island,” said Birol. “Everyone will be affected.”

More good info:

https://cleantechnica.com/2018/03/08...2023-says-iea/
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Old 06-18-2018, 10:20 AM   #106
HonestChieffan HonestChieffan is offline
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Originally Posted by Baby Lee View Post
And ironically, you offer neither any rationale for alleging HCF is in error, nor any data regarding a superior philosophy.
That was his best shot. Its not unusual to just do a drive by adHom attack by these types. Its out of control and is symptomatic of the way dialog and exchange of ideas has become impossible with many progs on CP.
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Old 06-18-2018, 10:29 AM   #107
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And ironically, you offer neither any rationale for alleging HCF is in error, nor any data regarding a superior philosophy.
The irony of hcf's post is he's bashing on me for being pro regulation (I'm not... Not to a significant degree, at least) while himself going through extreme apologetics for anti competitive behavior. Antitrust laws were created to improve capitalism and make freer markets. Patent squatting, monopolizing markets for substitutes, and collusion with the auto industry are anti competitive, anti capitalism behaviors.

If he wanted truly free markets, why would he be against substitutes competing in a less restricted market?
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Old 06-18-2018, 10:40 AM   #108
HonestChieffan HonestChieffan is offline
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Originally Posted by chiefzilla1501 View Post
The irony of hcf's post is he's bashing on me for being pro regulation (I'm not... Not to a significant degree, at least) while himself going through extreme apologetics for anti competitive behavior. Antitrust laws were created to improve capitalism and make freer markets. Patent squatting, monopolizing markets for substitutes, and collusion with the auto industry are anti competitive, anti capitalism behaviors.

If he wanted truly free markets, why would he be against substitutes competing in a less restricted market?

Actually no, that is off target....

My dispute with your position is quite simple. Alternatives are wonderful and fill us all with wonder and hope. They are constantly being developed by great minds and science communities. And they will succeed. But only when they can be in place and replace the current options on the measure of effectiveness and efficiency.

So far, Oil, Natural Gas, and Coal are and will remain the measure of success for solar,battery storage, wind etc.

If you build a better mousetrap they will buy it. People want it. Companies desire to develop and sell it. But there is no "it" that will do what is needed to be a commercial success. Don't blame the big thing of the day....thats wrongheaded and ignores reality.

When you stop demonizing and creating to blame and rail on, you will discover truth.
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Old 06-18-2018, 12:13 PM   #109
chiefzilla1501 chiefzilla1501 is offline
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Originally Posted by HonestChieffan View Post
Actually no, that is off target....

My dispute with your position is quite simple. Alternatives are wonderful and fill us all with wonder and hope. They are constantly being developed by great minds and science communities. And they will succeed. But only when they can be in place and replace the current options on the measure of effectiveness and efficiency.

So far, Oil, Natural Gas, and Coal are and will remain the measure of success for solar,battery storage, wind etc.

If you build a better mousetrap they will buy it. People want it. Companies desire to develop and sell it. But there is no "it" that will do what is needed to be a commercial success. Don't blame the big thing of the day....thats wrongheaded and ignores reality.

When you stop demonizing and creating to blame and rail on, you will discover truth.
It is not off target. An industry buying out every small piece and patent of the substitution threat is anti competition. Period. Oil companies partnering with big auto to block the battery market is collusion. We're right back to the Kodak discussion. Wouldn't Kodak make every effort to kill digital technology? Why would you expect big oil and big auto to even want batteries to be even remotely successful?

If you believe anything you said, then you'd want that tech in the hands of scientists and innovators who want it to succeed. You'd want constant test and learn. You'd want open source development instead of every patent and technology being hidden. The oil industry in collusion with big auto was actively trying to PREVENT batteries from becoming a standard. That is anti capitalism.
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Old 06-18-2018, 12:17 PM   #110
BleedingRed BleedingRed is offline
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Quote:
Originally Posted by chiefzilla1501 View Post
It is not off target. An industry buying out every small piece and patent of the substitution threat is anti competition. Period. Oil companies partnering with big auto to block the battery market is collusion. We're right back to the Kodak discussion. Wouldn't Kodak make every effort to kill digital technology? Why would you expect big oil and big auto to even want batteries to be even remotely successful?

If you believe anything you said, then you'd want that tech in the hands of scientists and innovators who want it to succeed. You'd want constant test and learn. You'd want open source development instead of every patent and technology being hidden. The oil industry in collusion with big auto was actively trying to PREVENT batteries from becoming a standard. That is anti capitalism.
This is a load of horseshit, you still do not understand that batteries have been capped out for a while do you? We have no advanced in battery technology for a long while.......
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Old 06-18-2018, 12:28 PM   #111
HonestChieffan HonestChieffan is offline
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Originally Posted by chiefzilla1501 View Post
It is not off target. An industry buying out every small piece and patent of the substitution threat is anti competition. Period. Oil companies partnering with big auto to block the battery market is collusion. We're right back to the Kodak discussion. Wouldn't Kodak make every effort to kill digital technology? Why would you expect big oil and big auto to even want batteries to be even remotely successful?

If you believe anything you said, then you'd want that tech in the hands of scientists and innovators who want it to succeed. You'd want constant test and learn. You'd want open source development instead of every patent and technology being hidden. The oil industry in collusion with big auto was actively trying to PREVENT batteries from becoming a standard. That is anti capitalism.

None of that is real. You make shit up and then rail on making a fool of yourself. You are the 2018 version of the conspiracy that knew that GM bought the 200mpg carburetor nonsense.
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Old 06-18-2018, 12:32 PM   #112
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Originally Posted by HonestChieffan View Post
None of that is real. You make shit up and then rail on making a fool of yourself. You are the 2018 version of the conspiracy that knew that GM bought the 200mpg carburetor nonsense.
I'm toying with the nickname Alzilla Jones.
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Old 06-18-2018, 01:11 PM   #113
HonestChieffan HonestChieffan is offline
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I'm toying with the nickname Alzilla Jones.
Free energy sources such as perpetual motion machines and cold fusion generators have been stifled by special interest groups, mainly the fossil fuel and nuclear power industries. Without that interference, we could have pollution-free, no-cost energy sources.


Gotta be true, it was on the internets
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Old 06-18-2018, 01:15 PM   #114
Al Bundy Al Bundy is offline
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When is my gas price going back down?
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Old 06-18-2018, 01:16 PM   #115
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When is my gas price going back down?
Never. Bigassgass hates us
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Old 06-18-2018, 02:03 PM   #116
GloryDayz GloryDayz is offline
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When is my gas price going back down?
With how my XOM and BP investments are performing, I don't care if your prices ever go down!
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Old 06-18-2018, 02:48 PM   #117
chiefzilla1501 chiefzilla1501 is offline
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This is a load of horseshit, you still do not understand that batteries have been capped out for a while do you? We have no advanced in battery technology for a long while.......
Nobody, other than delusional people, thinks EV should be taking over the world right now. Or that we'd have perfect technology. I asked a simple question that still nobody has answer to. What other motivation would oil companies have for monopolizing the battery market other than to hold it back? Could it have been further along by now? I don't know. But undoubtedly tech progress was significantly held back.

Capacity has issues, but battery mileage is improving and more importantly, battery price and charging time are dropping significantly. The battery has tons of limitations. There are plenty of alternatives that haven't been tested because nobody wants to take the risk (even though we've been doing that for years with oil R&D and capital). But at least now, there is a competitive race to make it work. It's still not enough. You'd have to be absolutely naive to think the oil industry wasn't putting all their muscle into stopping this market as quickly as possible, and who could blame them?
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