Barak Obama IS the Change We Need !
Solar Paneled Roof.
The NEW BREED Oil Tycoons have had their worst nightmare dealt to them, "THE PRICE OF OIL HAS DROPPED."
The oil gluts in the world no longer exist. We are at the end of our oil supplies globally. Gas for the internal combustion engine is no longer 30 cents a gallon. As gas and oil prices have gone up over the decades so has the general cost of living. We have witnessed this past year how energy prices, when relying on oil and gas, drive up not only the price of personal transportation, but, the cost of food, clothing and most consumer items.
And explore this 'concept' with me. The cost of USA labor is directly related to the energy sector and the cost of oil as well. How? Easy. When the 'cost of living goes up' for Americans they demand higher wages 'on the job.' What does that do to the 'best labor force in the world?' It prices it out of the market for many consumer goods and hence 'outsourcing.'
When the USA has a lousy energy policy is resonates throughout the infrastructure of the USA. When Barak 'gives back' our country to us and places the replacement of our infrastructure as the top priority to the American agenda, he is not only increasing the tax base with new jobs, he is increasing the buying power of the American consumer when this new infrastructure begins to provide energy WITHOUT unpredictable costs.
A solar panel doesn't have wide fluctuations. Now, does it? How much will 'consistent' energy and transportation costs STABILIZE the cost of American Labor and return the USA (nearly overnight) back to 'the best labor market for the money?'
Think about it !
Inflationary trends have been true the entire time oil and gas have been the primary fuel sources. It is just that in the year 2008, at the end of oil availability, we are 'feeling' it more in our budgets because the price is exorbitant.
Previous to 2008, the prices would go up but were still within reach of American's budgets. How many households now can't afford their energy costs, yet alone their mortgages?
The very sad reality is that as oil demands fall because of anticipated and actual changes from fossil fuels to alternative "Earth Friendly" energy, the possibility of continued exploitation of the Earth's natural resources for oil and gas will become less and less desirable an investment.
If Americans are to believe that "...ending their dependance on foreign oil..." is a matter of simply drilling offshore; they need to think again. Offshore drilling is no longer a viable investment, nor is it an environmentally safe one regardless of whether one is looking at CO2 emissions or pollution free oceans.
The Republicans have no viable energy plan if they are seeking oil and gas as an integral part of providing energy needs for Americans. Get over it. Oil is an immoral and hideous choice for future energy needs, besides robbing our children of their entitlements to a healthy and viable Earth.
...With oil at $60 per barrel, some deepwater projects in Brazil, the Gulf of Mexico and West Africa are looking uneconomic in a market when drilling rig and offshore vessel rates are at record levels, so something has to give, said Matthew Simmons, chairman of investment group Simmons & Co.
“Oil sands and gas shales in North America and deepwater projects do not work at $60 oil. The problems are oilfield service costs are too high and we need to change this for projects to go ahead,” Mr Simmons told Lloyd’s List at the Oil & Money Conference in London on Tuesday.
“Rig costs are so high and we cannot get enough spare capacity to lower costs. Even if more rigs are built, it is hard to recruit people, so crew costs are high.”
Deepwater-capable drilling rigs are being hired out at $600,000 per day and oil companies are willing to pay more than $130,000 per day for subsea support vessels and $300,000 day rates for rig towing anchor handlers.
The price of subsea equipment such as the flowlines and wellheads needed for deepwater projects have also soared, but equipment and service prices will soon come under pressure.
“When oil prices increase everything goes higher including oil services and when oil prices fall service costs will decrease, so at $65 per barrel we expect costs will also go down as well,” said Paolo Scaroni, chief executive of Italian oil firm Eni.
The oil price fall and tight financial markets have prevented companies from finding credit to undertake their oil and gas field development plans.
Brazil has already acknowledged that the lower oil price is delaying its plans to develop the deepwater pre-salt discoveries, which would require new fleets of offshore vessels, drilling rigs and oil producing ships.
Qatar Energy Minister Abdulla Bin Hamad Al-Attiyah said no banks were offering finance for energy projects any more, whereas even four months ago they were jumping over one another to give out their cash....
Offshore Oil is UNDEPENDABLE source of energy as Climate Change continues to progress. These oil rigs have been offline for a month and a half. "Ike" dissipated on September 14, 2008. We don't need it. Our military doesn't need it either, they have been looking at domestically produced fuels and some of the alternative fuels for over a decade. The military has jets that fly on fuel produced without oil or gas. THAT is another complete series of entries. Another time maybe.
Gulf of Mexico energy production slowly being restored (click here)
by The Times-Picayune
Tuesday October 28, 2008, 1:15 PM
Energy producers in the Gulf of Mexico are slowly restoring production after hurricanes Gustav and Ike.
More than 27 percent of all Gulf of Mexico oil production remains shut down in the aftermath of last month's storms, the Minerals Management Service reported this afternoon. Roughly 33 percent of the Gulf's gas production also remains shuttered. Roughly 10 percent of the platforms in the Gulf remain evacuated because of the storms, but all of the drilling rigs have been fully restaffed. Platforms are the offshore structures from which oil and natural gas are produced. Rigs are offshore drilling facilities.
