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#1
06-23-2008, 11:26 AM
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Big Oil?
Subject: A Great Article From Billy Weeks
Bill Phillips spent nearly 50 years in the US oil and gas industry; most of his career was with the Phillips Petroleum Company. Bill is a descendant of Frank Phillips. Frank Phillips, along with his brother Lee Eldas (L.E.) Phillips, Sr., founded the original Phillips Petroleum Company in 1917 in Bartlesville, OK. Do you remember Phillips 66 gas stations? Phillips Petroleum Company merged with Conoco, Inc. in 2002 to form the current ConocoPhillips oil company. So, when Bill talks about oil and gas issues, I tend to listen - very closely. I think that you will find Bill's thoughts and facts very revealing, very compelling and very difficult to argue with. May 28, 2008 "Big Oil" Did you know that the United States does NOT have any big oil companies. It's true: the largest American oil company, Exxon Mobil, is only the 14th largest in the world, and is dwarfed by the really big oil companies--all owned by foreign governments or government-sponsored monopolies--that dominate the world's oil supply. With 94% of the world's oil supply locked up by foreign governments, most of which are hostile to the United States, the relatively puny American oil companies do not have access to enough crude oil to significantly affect the market and help bring prices down. Thus, ExxonMobil, a "small" oil company, buys 90% of the crude oil that it refines for the U.S. market from the big players, i.e, mostly-hostile foreign governments. The price at the U.S. pump is rising because the price the big oil companies charge ExxonMobil and the other small American companies for crude oil is going up as the value of the American dollar goes down. They will eventually bleed this country into printing even more money and we will go into runway inflation once again as we did under the Carter Democratic reign. This is obviously a tough situation for the American consumer. The irony is that it doesn't have to be that way. The United States--unlike, say, France--actually has vast petroleum reserves. It would be possible for American oil companies to develop those reserves, play a far bigger role in international markets, and deliver gas at the pump to American consumers at a much lower price, while creating many thousands of jobs for Americans. This would be infinitely preferable to shipping endless billions of dollars to Saudi Arabia, Russia and Venezuela to be used in propping up their economies. So, why doesn't it happen? Because the Democrat Party--aided, sadly, by a handful of Republicans--deliberately keeps gas prices high and our domestic oil companies small by putting most of our reserves off limits to development. China is now drilling in the Caribbean, off Cuba but our own companies are barred by law from developing large oil fields off the coasts of Florida and California. Enormous oil-shale deposits in the Rocky Mountain states could go a long way toward supplying American consumers' needs, but the Democratic Congress won't allow those resources to be developed. ANWR contains vast petroleum reserves, but we don't know how vast, because Congress, not wanting the American people to know how badly its policies are hurting our economy, has made it illegal to explore and map those reserves, let alone develop them. In short, all Americans are paying a terrible price for the Democratic Party's perverse energy policies. I own some small interests in tiny, 4 barrel-per-day oil wells in Wyoming. We have 14 agencies that have iron-hand jurisdiction over us. If we drop any oil on the ground when the refinery truck comes to pick up oil from our holding tanks, we are fined. Yet down the road the state will spray thousands of gallons of used oil on a dirt road to control dirt. When it rains that oil runs into rivers and creeks. Yet a cup of oil on the ground at our wellhead is a $50,000 EPA fine plus additional fines from state regulating agencies. They treat oil as if it were plutonium that has the potential to leak into the environment. We are fined if our dirt berms are not high enough around a holding tank, yet the truck that picks up our oil runs down the road at 60 mph with no berm around it. People wonder why there is no more exploration in this country. It's because of the regulators; people who have lived their whole lives doing nothing but imposing fines on small operators like us for doing mostly nothing. So, America enjoy your $4.00 per gallon gasoline. Your dollar is now worth 0.62 Euro-Cents. The lack of American production of GNP, the massive trade deficit (as labor markets have moved overseas to fight insanely high union imposed labor costs in America) and the run away printing of money (backed by nothing of value here in America) has caused the dollar to become more worthless on the international market. And that's where our oil comes from. It's paid for with dollars that become more worthless everyday. If we had just kept par with the Euro we'd be paying $62 dollars per barrel for oil (42 gallons) or about $1.50 instead of $2.50 a gallon for crude oil. What the US government also does not tell you is that it is the leaseholder and royalty recipient of most oil production and receives 25% of the gross oil sales before we pay for electricity to lift the oil, propane to keep the oil-water separators from freezing in the winters. We pay a pumper to visit each well everyday plus we have equipment failures all the time. We pay for that out of our 75% of gross sales. The government does not share in any expenses to run any production well. So, if the Big Oil Companies are making record profits, then so is the federal government from it's 25% tax on every molecule of oil sold to a refinery in this country. Why isn't the government on the stand for "Record" profits? What you don't see is this 25% of the sales price of crude oil being siphoned away by the government. That money plus the road taxes, state taxes, etc. amounts to over $1 per gallon of gasoline you are buying while the governments only admit to about 50 cents per gallon. To all you Democrats, when you go vote for your candidate, a blazing liberal like Barrack Hussein Obama or Hillary Clinton, just keep in mind that their liberal spending habits will further decrease the value of the American dollar on the world market and your gasoline costs will hike even higher. As they introduce more give-away programs, raise taxes on everyone to pay people not to produce or work, your dollar will continue to dwindle on the world market and you will be paying $10.00 per gallon at the next election. Cheap hydrocarbon fuel is all over. Enjoy! Enjoy the fruits of your decision to elect these folks when you are there in that voting booth and you stab your pin through a Democrat's name. William "Bill" Phillips
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Those who hammer their guns into plows will plow for those who do not.--- Thomas Jefferson 2005 DG MT6 Sport Sedan Premium, MREV2, NISMO R tune CAI, M-45 sport wheels w/Falken TS115, Hotchkis bars, 350Z springs, StopTech Stage II kit, etc. Last edited by Texasscout : 06-23-2008 at 11:27 AM. Reason: typos 
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#2
06-23-2008, 01:37 PM
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Good read, where did you find this?
__________________
"A government big enough to give you everything you want, is big enough to take away everything you have." - Thomas Jefferson
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#3
06-23-2008, 02:29 PM
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Wow.. pretty ignorant B.S. from a purported "expert." Also interesting is the fact that "Bill" Phillips has direct financial interest in domestic drilling which paints him as a non-objective commentator. Not the industry expert this oversimplified article suggests.
Furthermore, the mention of oil shales was raised while watching Fox News which artificially inflates purported U.S. oil reserves available for tap. People need to understand that developing oil from these non-optimal sources involve very high investments and risk as well as a significant carbon footprint to support extraction infrastructures versus a high quality source like the sweet crude we get from Saudi Arabia. The PR flak that the oil industry is firing off on TV and the warped reasoning that right wing tools are parroting off are more of the same lies and deception to pull off another swindle on the American people. While the likes of Exxon/Mobil drill for oil in your backyard, no American citizen will see any relent in oil prices for decades. If that is the carrot being dangled, I'd rather take my chances on green tech.
__________________
"The greatest tyrannies are always perpetrated in the name of the noblest causes." Thomas Paine
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#4
06-23-2008, 03:05 PM
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There's that 'carbon footprint' again.
__________________
"A government big enough to give you everything you want, is big enough to take away everything you have." - Thomas Jefferson
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#5
06-23-2008, 03:11 PM
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From what I read, the "vast" domestic reserves only represents 5-10 years at best. Any other reserves that are calculated are from less than optimal sources as mentioned and would take alot more expense to get at.
You want a "vast" natural resource?? Try coal. We have ALOT of coal. Finding out how to harness it in an enviromentally responsible way is another thing.
__________________
Coupe 19s ~ Hotchkis swaybars ~ Crawford V5 plenum ~ V1 hardwire kit ~ Autoenginuity OBDII & Nissan enhanced ~ Z front/coupe rear springs w/ Koni adjustable shocks *meow* Quote:
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#6
06-23-2008, 03:52 PM
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5-10 yrs. to see any of the oil IF we started today. True. But if we were to start today, you'd see oil & gas traders unload some serious positions, and possibly go short, causing an instant decrease @ the pump.
Plus, if clinton hadn't vetoed drilling in the ANWAR wasteland in '95, we'd already be seeing oil from there.
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03 Sedan...Gas, Tires & Oil....
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#7
06-23-2008, 04:56 PM
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And just how long have you been in the "All Biddness" huh? I have for over 30 years. When it comes to the Oil Business, this guy has more smarts in his little finger than you have in your whole body. You damn right he has a financial interest in drilling here, but to be frank, he would rather drill elsewhere because of all the stupid regulations that make in unprofitable to drill here. But at $100/bbl, it's financially practical to drill ANYWHERE. When oil was $30/bbl, there was no incentive to drill anywhere here. Now, even the stuff that looked unprofitable, looks pretty darn good. We have enough oil on US soil to last us 30-50 more years. We just can't get to it. OUR OWN GOVENMENT IS STANDING IN THE WAY! I have seen the reservoir estimates, I have seen the 3D seismographs of stuff just waiting for someone to poke a hole. If we started right now, we could have the easier stuff on line in less than two years, while we gear up for the hard stuff. Right now Shell is experimenting in the Shale with "super heating" the formation and then water flooding to the center of the lease. So far it looks good. We have so much better ways of producing Primary, Secondary and Tertiary formations now that it has become profitable to do so. Also, Screw your "carbon Footprint", it's all BS from the start and nothing more than a way for the government to control and tax business. Why don't your read THIS, it will set you straight on the subject. [end rant] So.... What's your way to solve this.
__________________
Those who hammer their guns into plows will plow for those who do not.--- Thomas Jefferson 2005 DG MT6 Sport Sedan Premium, MREV2, NISMO R tune CAI, M-45 sport wheels w/Falken TS115, Hotchkis bars, 350Z springs, StopTech Stage II kit, etc. Last edited by Texasscout : 06-23-2008 at 05:13 PM.
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#8
06-23-2008, 05:06 PM
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Jeff, we already have the technical know how to be VERY clean with our coal but the green weanies won't listen. When I was in Denver I worked for The Shaw Group engineering company(they now own Stone and Webster in Houston) and we designed power generation plants there. You wouldn't believe how clean they are with little impact on the enviroment. We had a job site in Ark that was shut down for over a month because of 'possible' Indian artifacts. Yes, they found 3 or 4 pots, some animal bones and a few other odds and ends. Can you believe that crap? Remember that next time you hear of rolling brown outs.
__________________
"A government big enough to give you everything you want, is big enough to take away everything you have." - Thomas Jefferson
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#9
06-23-2008, 05:20 PM
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Bottom line is the planet wasn't designed to hold six billion motherfvckers. Be fruitful and multiply, damn the consequences.
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#10
06-23-2008, 05:30 PM
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Quote:
And how do we control that? The six billion? Who gets nuked first. 
__________________
"A government big enough to give you everything you want, is big enough to take away everything you have." - Thomas Jefferson
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#11
06-23-2008, 05:33 PM
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This line of trolling again? I don't have to be anything to weigh in facts and pragmatic intelligence to a subject. Quote:
Ding ding ding! That statement already tells me all I need to know about this special interest biased thread... -_-; Quote:
Glad you didn't put up a fight on that one. Now as you said, beyond a certain price, drilling ANYWHERE would be profitable. Now take that statement and REALLY think about what that implies. If we were to allow drilling ANYWHERE.... like your hometown for example. They will give residents chump change for their property, start drilling operations, create industrial waste, create noise, more people moving in from outside, more crime, more money, economic boom for your town, etc... Now fast forward several years and now drilling and refining operations have sickened near by residents, created increased risk for cancer and other genetic disorders in children, increased mortality for seniors, etc.. Who pays for that? Who pays the human cost while people like Bill and you make your money hand over fist and drive home to your pristine house on a hill? Oh, it's the Feds. They pay the medicare bills, they pay for the uninsured, and they charge all of us for the bill. Quote:
Based on what metric? Current consumption? How are they modeling consumption over the next 30-50 years to advertise that number? Just because we have 30 years worth, would it be in the country's best interest to burn it all up now? How does that fit in with our nation's defense policy? What about our strategic reserves? When no foreign and domestic sources exist, where will we get our strategic reserves for national defense? Why is the oil lobby and you dangling some magical carrot that doesn't exist to further their own financial gain for the short term while disregarding the long term viability for the country? Quote:
Wow.. Sounds like a rosy plan. Would you bet your life savings on the statement above? Two years???? At what volume? Many experts have said it would be decades to even be able to produce the volume necessary to have any effect, if at all. Why so optimistic? Reminds me of why Rumsfeld thought the Iraq War could be paid off by Iraqi oil profits once the Iraqis "embrace" us with their undying loyalty and gratitude. Please... Quote:
Ever hear the joke of oil shale futures? Yeah... if you've been around for 30 years, I'm sure you would have. The same general strategy was used to extract oil from shale. The issue lies in the fact that you have to heat large geological areas with heat and then apply high pressure liquids to "push out" the oil from the shale. Just the amount of energy needed to be put in to the process to extract the oil made it unprofitable in the 80s. At best estimates, we would net less than half of the oil extracted with current technologies with the other half being spent to extract and process the oil from shale. Because of the slim margins, it would be highly volatile to the rise and fall of oil prices. A new sizeable find the likes of Saudi Arabia would doom all oil shale operations overnight. Quote:
Nice that you respond to the keyword instead of understanding what I wrote. My argument regarding the carbon footprint of oil shale development is above. Quote:
Easy. Don't listen to the oil lobby and oil industry workers like you. I think the Europeans and the Asians are much far ahead in their thinking and pragmatic approach to the global energy issue. The level of intelligence and understanding here is pathetic. Which explains the phenomena of McMansions, fat people, and the Hummer H2.
__________________
"The greatest tyrannies are always perpetrated in the name of the noblest causes." Thomas Paine
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#12
06-23-2008, 06:08 PM
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The similarities between Big Oil and Big Tobacco are astounding. Just like tobacco denying the health risks of smoking, oil companies are denying the impact of thier products.
__________________
I'm a mushroom-cloud-layin' mothe*****, mother*****! Every time my fingers touch brain, I'm Superfly T.N.T., I'm the Guns of the Navarone!
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#13
06-23-2008, 06:09 PM
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Quote:
Texas...fuggem!
__________________
I'm a mushroom-cloud-layin' mothe*****, mother*****! Every time my fingers touch brain, I'm Superfly T.N.T., I'm the Guns of the Navarone!
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#14
06-23-2008, 06:16 PM
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Quote:
Well like how? IMHO ( but I'm far from an expert) that building clean energy from coal is expensive. I think that's the main issue because getting at the coal isn't difficult from what limited amount I've read.
__________________
Coupe 19s ~ Hotchkis swaybars ~ Crawford V5 plenum ~ V1 hardwire kit ~ Autoenginuity OBDII & Nissan enhanced ~ Z front/coupe rear springs w/ Koni adjustable shocks *meow* Quote:
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#15
06-23-2008, 06:54 PM
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Very obvious from your naive responses that you have never set foot in an oil field or ever got your hands dirty or covered with crude. Yes, I would welcome drilling in my town, in fact a well was drilled not 50 feet from my bedroom several years ago (dry hole). It would give a huge boost to our economy and provide jobs that left back in the 80's because of wimps like you that made it impossible to make a profit from it. We have lots of crude left that is recoverable. Where do I get the idea that 2yrs is enough time to market new oil? From PERSONAL experience. It takes anywhere from 5 days to 6 weeks to drill and complete a well in the 4000 to 9000 foot depth. The biggest hold up at this time is pipe. It's scarce and expensive. Most of it comes from Japan because we shut down the "Rust Belt". If we have your way, we won't have plastic, fuel, and many chemicals you take for granted on a daily basis. Yes all the plastic you see and use every day comes from Oil and Natural Gas. Without those feed stocks, we would be back to the turn of century with sanitation, water distribution (think PVC pipe), and health services. Like it or not, you use Oil and NG every day and I defy you to live without it. I don't want those bastards in OPEC controlling the economy of the USA.
__________________
Those who hammer their guns into plows will plow for those who do not.--- Thomas Jefferson 2005 DG MT6 Sport Sedan Premium, MREV2, NISMO R tune CAI, M-45 sport wheels w/Falken TS115, Hotchkis bars, 350Z springs, StopTech Stage II kit, etc.
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