Oil hit five year low: Russia, Iran, & OPEC facing disaster?

Discussion in 'Politics, Religion, Social Issues' started by aaronvan, Dec 10, 2014.

  1. aaronvan Suspended

    aaronvan

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    #1
  2. orestes1984 macrumors 65816

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    Because fracking is so ****ing good for the environment, but hey who cares, we've got plenty of other planets we can live on right? But who doesn't want flammable drinking water like most places now in the US where fracking is predominate? Hey how gives a ****

     
  3. aaronvan thread starter Suspended

    aaronvan

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    When are you guys going to come up with something new? You've been hawking that same YouTube video for years now.

    Incidently, fracking occurs hundreds of meters beneath impermeable bedrock. The water table is about 20 feet below the surface in most areas.
     
  4. Happybunny macrumors 68000

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    #4
    Analyats once predicted jet packs for everyone, I believe when I see it.:)
     
  5. orestes1984 macrumors 65816

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    Maybe because its the ****ing reality of what happens when oil gets in your water basin and screws the whole community up.
     
  6. aaronvan thread starter Suspended

    aaronvan

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    So your claim is petroleum came flowing out of that guys faucet and he lit it with a Bic. Is that what you're claiming?

    http://sayanythingblog.com/entry/video-man-claiming-to-be-in-north-dakota-lights-tap-water-on-fire/
     
  7. TimelessOne macrumors regular

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    #7
    just going to point out that the issue with that video is that area had water that would do that before fracking.

    that being said there is way to much about fracking that is kept from the public and research on its issues are actively being blocked.
     
  8. orestes1984 macrumors 65816

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    My point here is this little pictire perfectly describes the goings on of fracking which is deliberately destabilising the ground underneath where oil is presumed to be and when you fracture the earth like that this is exactly what happens.

    [​IMG]
     
  9. aaronvan thread starter Suspended

    aaronvan

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    #9
    Your little cartoon is just that: a little cartoon.

    Anyway, enough of your thread hijacking. The point is that major economies around the world are possibly going into a tailspin because of incredibly low oil prices. That is great for America and Americans and very bad for the likes of Saudi, Russia, et al, and could portend unrest and other secondary and tertiary effects.
     
  10. orestes1984 macrumors 65816

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    It's the ****ing reality of shale oil, as is this

    [​IMG]

    It's about the least effective and most destructive way to extract oil out of the ground and it leaves the surrounding area basically uninhabitable.
     
  11. aaronvan thread starter Suspended

    aaronvan

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    Do you understand that fracking and shale oil are two entirely different, unrelated, and dissimilar extraction techniques?
     
  12. orestes1984 macrumors 65816

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    #12
    Actually its the process of getting shale oil from differing parts of the ground. Oil sands just happen to be on the surface.
     
  13. bradl macrumors 68040

    bradl

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    #13
    The telling lack here is that fracking may not be the only reason why oil prices are dropping. You still have the running gambit of:
    • more fuel-efficient cars,
    • advancement of electric and hybrid technology
    • improved driving infrastructure (at least everywhere else outside the US)
    • improving overall economy, and most importantly,
    • less traveling.

    That, combined with OPEC not cutting oil production is what is driving prices down. Even without fracking, we still produce more crude oil than the rest of the Middle East, and are sitting on more reserves than they can produce. With that, Economics 101 comes into play:

    More supply with less demand equals lower prices.

    BL.
     
  14. Peterkro macrumors 68020

    Peterkro

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    There is of course the theory that the Saudi's are doing this to bankrupt the fracking industry.
     
  15. .Andy macrumors 68030

    .Andy

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    I await with anticipation your claims that fracking is driving up the price of oil when the price inevitably rebounds.
     
  16. aaronvan thread starter Suspended

    aaronvan

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    #16
    The Saudi's can absorb big decreases in the price of oil because they have diversified their wealth. They probably didn't lower prices because they want to stick it to Iran.
     
  17. Technarchy macrumors 603

    Technarchy

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    The closer we are to energy independence, the better off we are.

    Hydrogen cars, electric and hybrids are gaining traction. Many big businesses are going solar. Even our petrol cars are hitting the 40 MPG mark.

    It's about time.

    Speculators and fear mongers are going to ratcheting up the tactics to prop up the Russians and Arabs, but the USA needs to push on and strive toward not relying on energy from outside our borders to the highest extent possible.

    If for no reason other than shrinking energy costs is a massive bailout to the overall American economy.
     
  18. aaronvan thread starter Suspended

    aaronvan

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    #18
    There are many leftist-liberals bemoaning lower oil prices because they hate seeing Americans enjoying the lifestyle benefits brought on by cheaper gas and increased energy consumption. However, fracking has been wildly successful and it will only increase over the near term.
     
  19. Technarchy macrumors 603

    Technarchy

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    Spot on. We got stung pretty good with high fuel costs in last decade. From there American ingenuity and innovation kicked in leading up to your aforementioned bullet points.

    Cutting demand for foreign oil should be one of our primary initiatives in the 21st century.
     
  20. bradl macrumors 68040

    bradl

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    And it was those same "leftist-liberals" who were enjoying gas at $.73/gallon to $.97/gallon on Clinton's last day in office.

    It is also those same liberals and a few conservatives driving those hybrids and electric cars, consuming LESS energy, regardless of the price of gas.

    And wasn't it the Reds who were screaming "Drill, baby, Drill!" consuming more energy to do so?

    And wasn't it both parties who were complaining about gas being so expensive when ripping Big Oil a new one when gas was approaching (and in some cases, exceeding) $5/gallon?

    I'm not sure what point you are building up to, but history and current events certainly aren't looking to agree with it.

    BL.
     
  21. aaronvan thread starter Suspended

    aaronvan

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    #21
    You're missing a digit to the left of the decimal.
     
  22. orestes1984 macrumors 65816

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    In a nod to concerns Ohio legislature passed a bill that oil companies MUST disclose the chemicals involved in the process of fracking. This issue has also been raised by the EPA.

    Fracking fluids add up to a primary content of water as well as sand in their base however, what also constitutes franking fluids includes are chemical additives aiding the ability to horizontal fracture shale and extract natural gas. the contents of fracking fluids in some cases are benign such as citric acid, found in citrus fruit as well as coffee grounds, however other components of fracking fluid, such as benzene or toluene, can and do cause chronic health problems at certain doses and this is well founded based on evidence.

    fracking fluid when it is also dispersed with groundwater contains high levels of brine as well as trace elements of naturally occuring radioactive elements and it comes back up to the surface during the drilling process.

    According to Deborah Swackhamer, an environmental chemist at the University of Minnesota in St Paul. "You can have spills or leaks or flooding."

    "The big threats to public health are in wastewater pits and storage and also during transportation when you are trucking around contaminated water."

    With uneasiness growing about the increasing scale of fracking in the United States, the pressure on companies to be more forthcoming is growing. The Ohio bill allows a doctor to request proprietary information about fracking fluid when treating a patient who shows signs of exposure to a toxic chemical that might have come from a gas well - but doctors must keep what they learn confidential. An amendment to the bill supported by the Ohio State Medical Association would allow doctors to break the confidentiality rule when professional ethics demands it.

    At the 2013 American Industrial Hygiene Conference and Expo in Montreal, Quebec, Avens shared these key findings:

    *Seventy-seven surface spills that affected groundwater were recorded in Weld County, where 18,000 wells were active.

    *Surface spills were experienced at about 0.4% of active wells.

    *An average of seven barrels of hydraulic fracturing water was spilled during each incident.

    *The average area of a spill was 197 cubic meters and the average depth was 2 m.

    *Tank battery systems represented a major point of origin for spills.

    *Spills were most often caused by equipment failure.

    *BTEX concentrations were significantly lower outside the excavation area than within the excavated area and decreased rapidly as the distance from a spill increased.

    Based on these findings, Avens and other researchers offered these recommendations:

    1) Well operators should conduct comprehensive chemical risk analyses to better understand surface spills.

    2) Water table depth and other factors should be carefully considered.

    3) Equipment safety systems should be examined and enhanced as needed, especially for sites where human attendants are not consistently present.

    4) Well operators must effectively communicate safety procedures and risks.
     
  23. Technarchy macrumors 603

    Technarchy

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    I don't think there is much to lament, even for the whinier wing of the left.

    Decreasing energy costs will stimulate the economy, especially for the poor and every man who will suddenly find an extra couple of hundred bucks in their pocket every month as food, travel, and heating costs go down.

    We want people having more money to pay down debt, and spend, because that creates jobs, which we desperately need.

    The above things are what the left likes to champion, not deride.
     
  24. aaronvan thread starter Suspended

    aaronvan

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    Oh, they will whine all right. Look for the kids at the rallies wearing the Che Guevara t-shirts and protesting against capitalism and corporations while texting on their iPhones.
     
  25. orestes1984 macrumors 65816

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    #25
    If conservatives prove one thing it's that they're conservative and narrow minded and proud of it. I'll never understand narrow minded people who reject information even when the weight of evidence outweighs their convictions.
     

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