7 billion. A new active member and two teams to beat.

[WhitehawkEQ]

Here is the link to check your Bonus Status --> Bonus Status

 

[dfonda]

Here is the link to check your Bonus Status --> Bonus Status

This an excellent opportunity for you. Please post stats for every member weekly to lighten Dons load. Thanks in advance...Now get to work.

The stat I am proud of is the 99.6% completion rate.

 

[WhitehawkEQ]

This an excellent opportunity for you. Please post stats for every member weekly to lighten Dons load. Thanks in advance...Now get to work.

The stat I am proud of is the 99.6% completion rate.

Yours or mine?

 

[dfonda]

Yours or mine?

Send me your passkey and I'll check yours. (and then I'll sell it to NorcalSteve)

 

[WhitehawkEQ]

Send me your passkey and I'll check yours. (and then I'll sell it to NorcalSteve)

Sure it's 00000000000000000000000000000000 BTW my Bonus Status is 99.69% completion rate.

 

[Farwalker2u]

We have 227 years of crude oil left(In the USA). It's the greed of the oil companies. We export oil to over 150 countries. Why don't we keep it to ourselves ? Because we get more money from the other countries. If we sold it domestically it would flood the market and lower the price. Companies that want high profits are not going to do that.

You might be watching too much Fox news Entertainment , brother.

Own oil stocks and go along for the ride.

Gas isn't that high where I am at $2.80 something at Costco with 4% back.

If you started an oil production business, used your capital, borrowed money, and got investors to buy equity in that company, what would you do to be successful?
What would be a "fair" profit margin (Exxon-Mobile has been around 10% for decades, while Apple has been between 20 - 35%)?
If you secured oil leases, successfully drilled to find producible crude oil and gas how would you market that?

Defining greed has become too subjective. merriam-webster.com defines greed as: a selfish and excessive desire for more of something (such as money) than is needed.
Do you really want government to decide what people "need"? I submit that the free market where parties are able to bargain for goods and services is the best way to decide prices.

The hydrocarbon market is undeniably worldwide.
Even it your well crude oil production ends up in a refinery in the same state, those refined products can end up all over the world. Unless you want a fascist government that tells private companies how to run their business (that is one definition of fascism), you can not have a law which requires only domestic sales.
I have been involved in hydrocarbon production for over fifty years.

 

[dfonda]

If you started an oil production business, used your capital, borrowed money, and got investors to buy equity in that company, what would you do to be successful?
What would be a "fair" profit margin (Exxon-Mobile has been around 10% for decades, while Apple has been between 20 - 35%)?
If you secured oil leases, successfully drilled to find producible crude oil and gas how would you market that?

Defining greed has become too subjective. merriam-webster.com defines greed as: a selfish and excessive desire for more of something (such as money) than is needed.
Do you really want government to decide what people "need"? I submit that the free market where parties are able to bargain for goods and services is the best way to decide prices.

The hydrocarbon market is undeniably worldwide.
Even it your well crude oil production ends up in a refinery in the same state, those refined products can end up all over the world. Unless you want a fascist government that tells private companies how to run their business (that is one definition of fascism), you can not have a law which requires only domestic sales.
I have been involved in hydrocarbon production for over fifty years.

Well that was a nice dissertation but the only thing I was saying is that drilling for more oil wouldn't matter. We're already the leading oil producer in the world.

You might be too young to remember the 70s when we waited in line for gas. The claim of OPEC was that there was a shortage. That of course wasn't the case we have four or 500 years of oil left in the ground and that's probably just in the US.

At that time it was 100% about greed and making more money.

 

[RollingThunder]

Well that was a nice dissertation but the only thing I was saying is that drilling for more oil wouldn't matter. We're already the leading oil producer in the world.

You might be too young to remember the 70s when we waited in line for gas. The claim of OPEC was that there was a shortage. That of course wasn't the case we have four or 500 years of oil left in the ground and that's probably just in the US.

At that time it was 100% about greed and making more money.

Are you related to Jane Fonda? You know: "Hanoi Jane?"

 

[dfonda]

Are you related to Jane Fonda? You know: "Hanoi Jane?"

Are we going political now?

 

[RollingThunder]

Are we going political now?

Just a historical question................

 

[dfonda]

Just a historical question................

No I think that's definitely political otherwise you just would have asked me if I was related to Jane Fonda.

 

[RollingThunder]

Are you related to Henry Fonda, Jane's father? Now he was a class act.

 

[Farwalker2u]

Well that was a nice dissertation but the only thing I was saying is that drilling for more oil wouldn't matter. We're already the leading oil producer in the world.

You might be too young to remember the 70s when we waited in line for gas. The claim of OPEC was that there was a shortage. That of course wasn't the case we have four or 500 years of oil left in the ground and that's probably just in the US.

At that time it was 100% about greed and making more money.

To some it was greed, but to others it was getting a fair price for their product.
You have to consider that oil produced in the middle east (after 1946) was produced under a complex matrix of pressured contracts by American companies in "partnership" with the various countries. For example Aramco (the Saudi Arabian company with ties to various American companies), America supplied technology to drill, produce, market, and ship crude oil from a unique vuggy oil reservoir. Given the time, economic, native knowledge base, and military power differential; those factors created a unique contractual environment.

Greed and fair are highly subjective terms.
I was born in 1952. I remember 30 cent gasoline. I remember when diesel was less expensive than regular gasoline. I remember a time when natural gas was considered a waste product and burned off as it had too little value top lay pipelines to collect it.
Saying increasing production would have no effect is to refute the basic understanding economics. Increase supply while demand remains stable the price drops.