burnsie28
Posts: 5035
Joined: Mon Aug 02, 2004 1:49 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 12:51 pm

If anyone saw or heard the opec announcement today, I think that it brought a lot of hope to airlines. Airlines, if they have the cash could build their own refinery or hope that the producers build more. OPEC essentually said that the reason behind the high oil prices is due to lack of oil refineries, as the last one was built 25 years ago. What do you guys think, this could boost airlines if they were able to come up with their own refinery (possibly Airline inc Refinery for all of them etc)?
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 1:44 pm

If you could get it past the enviro-wacos God bless you. There is a reason no refineries have been build and it's not due to lack of demand.
 
User avatar
clickhappy
Posts: 9042
Joined: Thu Sep 13, 2001 12:10 pm

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 1:58 pm

Sure, its due to lack of investment by the oil companies. The whole oil/gas shortage/price gouging is a mega scam.

Last night I was watching the local ABC station, they said that gas prices were high on the west coast due to some refinery issues and the processing of oil from Alaska, where the west coast gets most of its oil.

On the NBC news tonight they said that 75-80% of the oil from Alaska goes to Japan, and has little to no effect on the price of gas on the west coast, but prices are going up because some refineries in the midwest are down for maintanance.

The bottom line is there is little you (or the airlines) can do about it.
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:14 pm

It's not a lack of crude being produced that adds to the cost at the pump, It's the red tape it goes through before it gets to the consumer. Every step the oil takes from crude to final product is taxed, regulated and taxed again. We just need to reduce the friction between the oil feilds and the our gas tanks and the price will go down.
 
CMHSRQ
Posts: 822
Joined: Fri Feb 27, 2004 1:49 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:21 pm

reason gas is expensive.
demand is high.
excess supply is low.
taxes, $.50 a gallon in here in Ohio
about $10 a barrel is speculation of a possible shortage.

Solutions.
-drill more, build refineries, this is long term
-use less, this is easy
- no chance in hell that Ohio will lower taxes, stupid state

remember everything is a petro product or uses petro to make or move a product.
The voice of moderation
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:29 pm

Start pumping it out of Anwar. We also need to start pushing for further subsidies of "bio" diesel. Not only is it a renewable resource it puts money in the pocket of our farmers and less in the Crown Prince of Saudi Arabia's.
 
brons2
Posts: 2462
Joined: Tue Sep 25, 2001 1:02 pm

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:36 pm

Quoting Jdwfloyd (Reply 5):
Start pumping it out of Anwar. We also need to start pushing for further subsidies of "bio" diesel. Not only is it a renewable resource it puts money in the pocket of our farmers and less in the Crown Prince of Saudi Arabia's.

At some price point biodiesel will be cost effective, but I don't believe in using tax dollars to subsidize it. That's like robbing Peter to pay Paul.

As for the ANWR, it wouldn't come online for a number of years so I don't see any immediate relief from it, not to mention I don't approve of tearing up the Arctic.
Firings, if well done, are good for employee morale.
 
Bronko
Posts: 795
Joined: Tue Jul 03, 2001 3:28 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:44 pm

Quoting Brons2 (Reply 6):
not to mention I don't approve of tearing up the Arctic.

Good, because you don't need to "tear up" the Arctic. During the summer, when all the ice and snow has melted, you wouldn't even know that oil was being drilled there.

See: Ice Roads.
Jet City Aviation Photography
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 2:44 pm

I am not saying that we need to do it permanently but biodiesel stands little chance in the free market against fossil oil. We just need to get a good base under it, call it training wheels. Give it a chance to become self reliant and competitive which I am sure it will. As for Anwar I agree it is a shame to disturb the environment but with the right amount of preventions and technology (which already exists) I believe we could go in there with minimal permanent effect.
 
scotron11
Posts: 1181
Joined: Tue Feb 10, 2004 4:54 pm

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 3:01 pm

I think it's about time a serious push was given for alternative energy. We cannot rely on oil forever, especially where most of it comes from.
 
bigb
Posts: 728
Joined: Fri Nov 07, 2003 4:30 pm

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 3:09 pm

Jdwfloyd hit the nail on the head about the taxes on oil.

I agree with Scotron, I think its time for investment for an alternative energy right now, that way our society will be prepare once the oil supply runs dry.
ETSN Baber, USN
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 3:16 pm

Quoting Scotron11 (Reply 9):

I think it's about time a serious push was given for alternative energy. We cannot rely on oil forever, especially where most of it comes from.

That is a good long term plan but in the short term (5-10 years) we need to fix the problem. We can not and will not go from a oil based economy to a (insert favorite idea here) based economy over night.
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 3:17 pm

Quoting Scotron11 (Reply 9):

I think it's about time a serious push was given for alternative energy. We cannot rely on oil forever, especially where most of it comes from.

That is a good idea long term plan but in the short term (5-10 years) we need to fix the problem. We can not and will not go from a oil based economy to a (insert favorite idea here) based economy over night.
 
ANCFlyer
Posts: 21391
Joined: Mon Nov 15, 2004 3:51 pm

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 3:19 pm

Quoting Brons2 (Reply 6):
As for the ANWR, it wouldn't come online for a number of years so I don't see any immediate relief from it, not to mention I don't approve of tearing up the Arctic.

Ahhh, another person who thinks we have trees and bears and all that in the arctic . . .

Remind me to tell you about the time Bruce Babbit - former SecInt visited here - went to the Arctic Oil Fields, was spouting off about how the oil fields are screwing up the caribou, their mating season and migration . . . and about that time - live and in color on NBC Channel 2 News, Anchorage, two caribou - one would presume a male and female - staring "bumping uglies" right there live on TV. Of course it was edited for the rest of the country.

Ha Ha Ha - bunny huggers at their finest.

Now I use the word "ignorance" in the literal sense . . . anyone thinking drilling in ANWR wlil destroy the arctic is simply ignorant and been watching too much Bunny Hugger TV.
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
BlatantEcho
Posts: 1817
Joined: Wed Sep 27, 2000 10:11 am

OPEC Announcement Gives Hope To US Airlines

Fri Mar 11, 2005 4:44 pm

whatever happened to the American that innovated and made new products?

Today's solution to high gas prices: WHINE and blame someone else.

------
Remember when America said, shit, let's go to the moon, and we did?

How bout, shit, in 10 years lets not need fossil fuels, and do that instead of bitching about everything political lightning rod there exists....

Think it's impossible? Then you're living proof of the lack of determination or industrialism in this country anymore.
They're not handing trophies out today
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 12:33 am

One more problem is in the long run the price of oil is controlled not by the US but by a conglomerate of foreign powers. Our economy hinges on the whims of OPEC and that is just not a smart way of doing business on our part.
 
TomFoolery
Posts: 423
Joined: Tue Jan 06, 2004 9:10 am

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 8:34 am

OPEC has been contradicting themselves for years. One member nation cites one excuse and amother one cites a completely different excuse. OPEC, in the last 15 years has fallen out of solidarity between its members, there is little in common between the member nations but greed and oil. Hope should not be built upon the many varied excuses from OPEC. The right hand doesnt know what the left hand is doing, and unfortunately, the worlds energy needs rely upon this growing shanty of an organization. I say update/upgrade the refineries and do the same wuth OPEC.
A few years ago, when California was experiencing its electericity woes, tho only ones to profit was ENRON. I see similiar parallels with OPEC. Dont get me wrong, I'm not an anti middle east fundamenalist, or anything like that, but OPEC does have a history of manipulating the oil industry at the expense of Joe Six-Pack.
Paper makes an airplane fly
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 8:38 am

Gas has been expensive in the US for two main reasons:

1. Lack of refinery output capacity

2. Use of additives causing production to halt and restart two times a year to add the additives.

And now a third:

3. Industry Consolidation. Lack of competition always leads to price fixing and highway robbery.
 
ACAfan
Posts: 690
Joined: Fri Apr 30, 2004 11:25 pm

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 8:48 am

The US government makes MORE money from foreign oil than the producer nations.

And for those of you in Europe, your governments make TWICE as much money as the producer nations.

The OPEC nations actually give you something in return for the money they charge you. But our governments make more on the transaction for doing absolutely nothing.

The world price of oil per barrel: $54.43 according to Reuters
The OPEC price of oil per barrel: $49.40 according to the OPEC daily basket report

I like biodiesel, and I think that the US government out to subsidize it by getting the infrastructure in place. Subsidies are good. Remember the benefit of US Mail contracts (subsidies) for the early airline industry?

[Edited 2005-03-12 00:49:28]
Freddie Laker ... May be at peace with his maker ... But he is a persona non grata ... with IATA
 
co7772wuh
Posts: 381
Joined: Sun Feb 06, 2005 7:13 am

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 9:14 am

Quoting Brons2 (Reply 6):
As for the ANWR, it wouldn't come online for a number of years so I don't see any immediate relief from it, not to mention I don't approve of tearing up the Arctic.

There 19 million acres in Anwar . If we were to drill for oil there they would use less than 1% of the land . It will take years to finally see oil from Anwar . However , OPEC will see we are serious about putting up with high oil prices . Drilling in Anwar will give us leverage over OPEC and other oil producing countries that are screwing us !
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 9:17 am

Quoting Co7772wuh (Reply 19):
There 19 million acres in Anwar . If we were to drill for oil there they would use less than 1% of the land . It will take years to finally see oil from Anwar . However , OPEC will see we are serious about putting up with high oil prices . Drilling in Anwar will give us leverage over OPEC and other oil producing countries that are screwing us !

That and tapping into our 2.3 Trillion Barrels held in schale (sp) which would now be profitable to process.
 
jdwfloyd
Posts: 799
Joined: Sun Feb 06, 2005 10:29 am

OPEC Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 9:18 am

What about the oil fields off the coast of California? I seem to recall there is a good deal of oil there, or is that part of the strategic oil reserves?
 
co7772wuh
Posts: 381
Joined: Sun Feb 06, 2005 7:13 am

RE: Opec Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 9:33 am

Quoting Boeing7E7 (Reply 20):
That and tapping into our 2.3 Trillion Barrels held in schale (sp) which would now be profitable to process.

Correct ! Schale requirers $30 a barrel to make a profit !

Since Oil is now more than $50  banghead  .

Schale is a very logical alternative !
 
Boeing7E7
Posts: 5512
Joined: Sat Jul 31, 2004 9:35 pm

RE: Opec Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 9:48 am

Quoting Jdwfloyd (Reply 21):
What about the oil fields off the coast of California? I seem to recall there is a good deal of oil there, or is that part of the strategic oil reserves?

That's what you call an environmental impossibility. You'd have to kill the entire tree hugger population to increase California Coastal drilling.
 
co7772wuh
Posts: 381
Joined: Sun Feb 06, 2005 7:13 am

RE: Opec Announcement Gives Hope To US Airlines

Sat Mar 12, 2005 10:25 am

As some have stated before . 1 of the main reasons why oil prices are so high is due to the extremely high demand from huge developing counties like China and India . Especially China , which has a population of more than 1.3 billion . This was not the case back in the early 90's ! Since China just started to open up like it has now . That and on top of that the lask of modern refineries in the US and a # of other issues are the reasons for high oil prices . Not GW !!!

Quoting Boeing7E7 (Reply 23):
That's what you call an environmental impossibility. You'd have to kill the entire tree hugger population to increase California Coastal drilling.

First , you'd have to start with Barbara Boxer then Paloci and the Pussy Cats !

 silly