BF2S Forums A coupla questions regarding oil

-I agree with B
-Oil companies shouldn't be allowed this monopoly
-I don't believek that all of those scientists were involved in the energy industry

We are nowhere near the end of oil.

But we are getting to the stage where finding oil will get a lot tougher. That's what is meant by 'peak'.

We have SOME idea of how they're formed... but we don't know the exact conditions which cause it to form oil, as opposed to gas or something else.

Deadmonkiefart wrote:

-I agree with B
-Oil companies shouldn't be allowed this monopoly
-I don't believek that all of those scientists were involved in the energy industry

This is a better example.

ATG wrote:

1) Do you believe:

A)
We are running out of gas, oil supplies are vanishing.


Or
B)
We really have no idea about the extend, or nature of oil deposits or even how exactly they are formed.


And do you feel that in a time of war that we should have to put up with this shit.



Let's wonder if these men were on the edge of a energy breakthrough;


http://www.apfn.org/APFN/scientists.htm

Its funny how people bitch about Oil company profits.
You dont bitch about Niagara-Mohawk electricity profits do you?
Exxon is a company that distributes a product. If you don't like it then dont buy there oil.
Problem is you need there product. But you also need food but a lot less people complain about General Mills profit.

Oh and i think we are running out of oil eventually, but i also think that no ones gunna do anything about it, and if they do, they'll probly take advantage of it to RAPE us of our money.

"Yeah here's this ultra clean, never ending fuel source, but its 100k per car and theres only a refuel station every 100 miles"

Last edited by Mitch (2008-02-10 21:25:25)

I agree with B, but I think we need to get some new alternative resources ASAP. Nuclear energy please, and some solar and hydroelectric for good measure. How about some hydrogen cars? Let's not forget GOOD energy efficient lightbulbs (AKA LEDs).

Big Oil needn't worry... they can just become Big Uranium, or Big Hydrogen, or Big Photovoltaic Panel

SenorToenails wrote:

Mitch wrote:

Its funny how people bitch about Oil company profits.
You dont bitch about Niagara-Mohawk electricity profits do you?
Exxon is a company that distributes a product. If you don't like it then dont buy there oil.
Problem is you need there product. But you also need food but a lot less people complain about General Mills profit.

Oh and i think we are running out of oil eventually, but i also think that no ones gunna do anything about it, and if they do, they'll probly take advantage of it to RAPE us of our money.

"Yeah here's this ultra clean, never ending fuel source, but its 100k per car and theres only a refuel station every 100 miles"

My electricity does not cost anywhere near as much as my gasoline.  There are many other food companies that I can choose to buy from, so they can't control the market like oil companies can.  The cost to enter the oil market is so high that it will basically never happen, so the existing ones can control the prices.  I can't just decide to buy the generic gas, like I can with cereal.

Well...yes you can

HurricaИe wrote:

How about some hydrogen cars?

As long as the energy used to manufacture the hydrogen is clean and efficient.  Otherwise, it's a waste of time and money.

SenorToenails wrote:

Mitch wrote:

Its funny how people bitch about Oil company profits.
You dont bitch about Niagara-Mohawk electricity profits do you?
Exxon is a company that distributes a product. If you don't like it then dont buy there oil.
Problem is you need there product. But you also need food but a lot less people complain about General Mills profit.

Oh and i think we are running out of oil eventually, but i also think that no ones gunna do anything about it, and if they do, they'll probly take advantage of it to RAPE us of our money.

"Yeah here's this ultra clean, never ending fuel source, but its 100k per car and theres only a refuel station every 100 miles"

My electricity does not cost anywhere near as much as my gasoline.  There are many other food companies that I can choose to buy from, so they can't control the market like oil companies can.  The cost to enter the oil market is so high that it will basically never happen, so the existing ones can control the prices.  I can't just decide to buy the generic gas, like I can with cereal.

This is true, but in all fairness you have to give props to Exxon and others for fucking owning the market.
Yeah it sucks.
But you and everyone else in the world is at their mercy. And your only complaining because your not making the money.

Mitch wrote:

This is true, but in all fairness you have to give props to Exxon and others for fucking owning the market.
Yeah it sucks.
But you and everyone else in the world is at their mercy. And your only complaining because your not making the money.

Hey, I never said I was bitching.  I just get pissed when these companies make all their profits, and then don't use them to upgrade/maintain the infrastructure.  Look at the telecoms and the sub par broadband in America.  Look at the oil companies and their aging refineries.  Corporations are so concerned with the next-quarter profit that it seems that nothing is spent to benefit the consumers.  I think there is an element of morality that ought to exist in corporate America.

well with the growth rates that China and India are having we will be suffering ever increasing Oil costs

even if production stays the same every year from now on the prices still increase

Are Humans Smarter Than Yeast? explains growth rates


A Crude Awakening
[google]http://video.google.co.uk/videoplay?docid=-703701197044020456[/google]

Edit: forgot to say

A) We are running out of gas, oil supplies are vanishing. people need to wake up oils not just about everyones cars

Last edited by elstonieo (2008-02-10 22:18:01)

Mitch wrote:

But oil companies are just using up there last years to make as much profit as possible. I don't blame them, Mr. Mobil's family is probly fed for the next 4000 years.

You forgot yearly inflation


Back on topic, I think that there are heaps of competitors out in the fuel market. In Aus, we have the supermarket chains, the independent chains, Mobil, Shell, BP etc, there are heaps. But the price is shit for the quality, which is also usually fuckin rediculous. But Im not exactly going to start looking for oil myself and create my own oil business, so I wont complain when I get a car :\
Alternatively, you could give up those SUVs and get a smart car, or a Toyota Prius

With oil supplies, yes we will run out, but I think there will be heaps of oil fields still unheard of in 20 years time. Who knows? We might still be looking for that massive oil field the size of a state? Id say we'd be on the verge of running out in 2075 perhaps. And by then, Im sure we'd already have hydrogen fueled cars and all sorts of crazy shit as an alternative to oil.

I'll go with B.

And remember, the profits oil companies are seeing, when put forward as profit per dollar of revenue, are not inconsistent with other industries and actually are lower than several. It's just that the high risk of drilling and refining has limited the industry to a handful of companies (the cost of entering the market is simply too high). With the increased demand worldwide, their economy of scale is huge, which in turn results in huge profits overall with fairly normal profit per dollar of revenue.

Also, nearly 3/4 of most oil companies' profits go right back into exploration and alternate energy development...both very high risk operations.