the oil companies point out oil is about 40.00 a barrell , not 140.00
where it used to be. last time taxes were raised on big oil it made
america more dependent upon opec. the oil industry will air commercials fighting new taxes on oil, bit in your opinion, do you think
he will get the tax increases in and how do you feel it will effect
the oil industry, thank you.
So far every indication is that the Obama administrations stance on the oil industry is a pretty big paradox. He wants us to be less dependent on foreign oil, but he won’t work to open up exploration and production activities in the outer continental shelf. It looks like he wants to impose punitive taxes on oil companies, which in the end will only discourage investment in domestic production. Why drill here when it’s cheaper to drill somewhere else, or you don’t believe you’ll make a decent return on your investment.
To give you an idea of the kinds of decisions and risks oil companies are already faced with, Chevron and it’s partners will have spent somewhere between 4 and 6 billion dollars on developing one of their fields in deepwater gulf of mexico before they extract one drop of oil out of the ground. Obama’s taxes would tax a project like that every step of the way.
Right now other countries like China, Canada, Brazil etc.. are working to secure energy supplies for the future in their outer continental shelfs. Russia is reported to begin drilling in cuba this summer, only 60 miles off the coast of florida. But our politicians are instead going for cheap political gain and grandstanding against oil companies who are currently unpopular.
It is certainly true that we need to invest in renewables, but our own departement of energy’s most aggressive models predict that oil will still make up 80% of our energy mix by the year 2030.
Oil prices are low right now, but within a few years they’ll be back up to 70 to 80 dollars a barrel. By 2018 we could see 100/barrel again. It would be very arrogant of us to demand that other countries produce more oil while we prohibit and discourage domestic production with moratoriums and punitive taxation. This however, is what we’ve been doing so far.
Additional info: if you have any more questions feel free to email me. As you can see I can talk about this all day long.
Additional info2: The oil industry already pay the highest tax rate of ANY industry. I think that already qualifies as fair share. Is it fair to make them pay even more (especially when we know the real reason is that most people don’t like them)?
additional info3: I forgot to mention that the person Obama appointed as his energy secretary looks like a total douche. Steven Chu. So it doesn’t look good.
I’m just curious how oil companies acquire the rights to drill offshore. Do they buy the land? from whom? Well a related question is where do they get the rights to drill oil on land? Do they just buy the land?
Congress leases the land to the oil companies.
Regarding the recent oil spill, i would like to know…
1)which organizations (environmental, etc) are taking iniciative?
2)is anyone suing the oil transport company or the oil company?
3)how can i help, which organization can i donate money to, or where can i volunteer.
I would really like to donate money $$$ to an organization that is taking iniciative against the oil transport company or the oil company. I think ultimately, its their responsibility, not the coast guards.
Thank you.
Organizations have been overwhelmed with offers of help by people wanting to volunteer to help counter the affects of the oil spill, so much so that most offers of volunteering has been turned away. Don’t be discouraged — persistence, and being ready to commit for the long haul, will lead you to long-term opportunities related to what’s happened.
The Sierra Club of California should be able to direct your regarding what action is being taken, by themselves and by other organizations, regarding this oil spill.
Also see www.volunteermatch.org — there are many environmental organizations on that database, including some serving the SF Bay Area, and they can further refer you to how to help.
a. Jimmie Johnson’s number 48 Chevrolet Impala
b. Pennsylvania route 62 between Oil City and Warren
c. any Mexican teams Jersey
this is funny haha
Brazil use absolutely 0 gasoline and has millions of cars. They have no energy problem and booming agriculture. Do we not do this because it would be too easy or do we want to spend all of our money on foreign oil and destroy the planet?
I’m not sure of all the reasons but its said that corn ethonal is just not working as well as we hoped. But the sugarcane works great. Also while they don’t have as many cars, they manage with less land to fuel 2 of the biggest cities in the world.
Sugarcane doesn’t grow too well in most of the US, that’s unfortunately we use corn to make our ethanol.
I think a better question would be why does the US still have a 50% tariff on all imported sugar? If we dropped this tax, we could make ethanol a lot more efficiently rather than using corn, it would almost make sense to have E85 gasoline then. But no, I guess we would rather import oil from Saudi Arabia and Iran then sugar from Brazil.
I have a 92 Accord. On the outside of the valve cover where the spark plug wires slide in that well is full of oil pls help?
try to check it out first on auto repair shop…..
A 4.0 kg sign hangs from a boom supported by a cable connected to a wall. The cable makes a 30 degree angle with the boom.
does the wall provide any vertical force? If it does, we need to take that into account in solving this problem (we would need to know the length of the sign)
If we are not worried about a vertical force from the wall, then we realize that the weight of the sign is supported by the vertical component of tension in the boom.
The vertical component of the tension is Tsin30, so we have
Tsin30= weight = 4kg x 9.8m/s/s
T=39.2N/sin30=78.4N
I keep hearing that big oil gets all kinds of governmental subsidies. Can anybody give any specific examples? Or is this more of a myth that people eventually believe is "truth" because it is repeated again and again? Give me some hard evidence, please, of current subsidies received by specific oil companies, including the dollar value of the subsidy, and a link to the source of your information. Thanks.
this is a Republican point of view talking about the Dem congress cutting oil subsidies…
http://www.cato.org/pub_display.php?pub_id=7066
if you want to go digging around in the fed budget for the actual line items… go crazy… but I’m not that bored…
the congress and the president sure do talk about them a lot for something that you don’t think exists though
To me this is an important question on whether it is the oil companies fault for high gas prices or not. I just see a lot of blame being thrown their way.
They are vertically integrated companies which means they make money all the way up the line from the time the oil leaves the ground. Focusing on just the profit on the end product of gas is misguided.
I don’t understand how oil and gas industry has anything to do with electrical engineering jobs??
Am I not seeing this because currently I am working as a electronics engineer ?
This is how I am thinking about this – Oil and gas industry , digs up oil , provides it to our cars and trucks so they can run. Now I don’t understand how or where "Electrical engineers" come into play into this ?? Please make me understand. I want to know.
P.s: I am an entry level electronics engineer, with a degree in "Electrical engineering" , Currently I am located in Houston, texas.
The oil and gas industry may more be well known to hire chemical engineers or geologists, but EEs are definitely around. For example, chemical processes in refineries have to be monitored and controlled. The computer network that controls these processes have to be designed and implemented by the help of EEs. Electrical power also needs to be delivered to various processes. These type of work are not the typical EE work like developing microprocessors or printed circuit boards.