Wednesday, April 28, 2010

Why don't we uncap our domestic , privately owned oil wells here in the States and refine our own crude?

People I know have had to stop pumping because the equipment used to pump the oil out of the ground is worth more in scrap. Yet we pay high prices for foreign oil.Why don't we uncap our domestic , privately owned oil wells here in the States and refine our own crude?
US Oil Companies are waiting for the price to get high enough that the people will pay anything to get oil/fuel.





Big oil is the same as Big Railroads of the 1880-90's, Greed driven and profit sustained. Screw the public.Why don't we uncap our domestic , privately owned oil wells here in the States and refine our own crude?
Believe me, speaking as one who works for a major oil company, we are drilling and pumping domestically in the US. However, many of our oil wells are very ';mature,'; as the industry terms it. That means that they have been under production for a long time and are nearing the end of their effective recovery lives. I suspect that the people you are referring to who have had to stop pumping own wells where there simply isn't enough oil left to offset the cost of pumping. There are many wells where that is the case.





Most of the light, sweet (meaning low in sulfur) crude that is easy to get at in the US has been gotten at. Why else do you think we would be going to the trouble and expense of drilling through the permafrost of Alaska, to say nothing of setting up platforms out in the Gulf of Mexico?





There are indeed other sources of oil, or at least ';oil equivalent,'; in the US, such as the oil shales under the Rocky Mountains. But oil shales are very expensive to recover and refine. If oil gets to a high enough price to make those sources economically attractive, then long before those sources have made much of an impact, people will have been compelled to come up with a cheaper, more sustainable source of energy.
The US does pump and refine large amounts of oil. But we need more production from high yield wells, and we need to build new efficient refineries. Both those things are being blocked by the democrats for political purposes.





If the USA would announce a new oil drilling campaign in our own country, the world price of oil would drop like a rock. Just from the announcement.
Because there are too many big money contributors that are against it


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And when money hollers Washington listens


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You do know politicians are only there for a short time and then back to home they go when the next election is over and votes are counted


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And the party has to keep the big money donate-rs happy or else they will be in short supply of the green stuff aka money


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America does not know how to make good things only cheep things and I do mean cheep quality and to put the oil pumps back in operation is kind of like using the family bicycle to run the cars generator to produce electicy for the home


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You should know that the United States is based upon the almighty dollar the maker and breaker of all who are born in that country


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And to put a tree toad in jeopardy of extension is a carnal sin or make all kinds of black beaches is a crime against mankind


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Oil is a nonrenewable resource and we're obviously running low. With Bush being in bed with the oil companies there has to be a big demand for oil. That way Bush and all his buddies will make a profit. Alternative energy sources? That'll be the end of the oil corporations.
We are waiting on the rest of the world to run out. So then we will have only what's left.

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