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hostileuniverse
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Re: Remember when Bernie said the USA should be more like Norway? [Re: Falcon91Wolvrn03]
#22562944 - 11/23/15 11:20 AM (8 years, 2 months ago) |
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Of course you're right balls, now name the democrat whose gonna campaign on INCREASING oil production,
The fault in all the libtard logic is that these European countries have VERY extremely different economies than we do, from STRICT immigration rules to business friendly environments, that's the exact opposite of what dems here campaign for
You wanna be more like Norway? Let's get our oil production up to their per capita output. As an earth rapist myself, id TOTALLY be down for that!
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse] 1
#22562980 - 11/23/15 11:34 AM (8 years, 2 months ago) |
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Quote:
hostileuniverse said: Of course you're right balls
of course.
As for more oil production, i would like to see a law that states that leases of Federal land to oil companies expire after 5 years without any extraction. and price the leases competitively, so uncle sam can get a reasonable cut. Also, no more subsidies of any kind for mineral extraction of any kind. 78% tax rate on oil profits sounds like a good idea too, so i would be alright with parity with Norway on that one...at least to start. A state run oil company to compete/partner with the private sector would be nice as well.
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qman
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563008 - 11/23/15 11:46 AM (8 years, 2 months ago) |
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Norway's state run oil is not perfect, production has been falling hard for over a decade (3.4 mbpd in 2001 to 1.9 today).
http://www.internationalresourcejournal.com/features/june_09_features/norwegian_oil_and_gas.html
Mexico's oil has the same problem, fields don't last forever, new oil must be found and developed, that's risky and takes lots a new capital
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: qman]
#22563033 - 11/23/15 11:56 AM (8 years, 2 months ago) |
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nothing is perfect. You have to admit though, that the U.S. isn't terribly shy when it comes to spending. A U.S. state oil company would not have trouble finding the cash for oil exploration. But you know that.
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qman
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563070 - 11/23/15 12:05 PM (8 years, 2 months ago) |
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Quote:
ballsalsa said: nothing is perfect. You have to admit though, that the U.S. isn't terribly shy when it comes to spending. A U.S. state oil company would not have trouble finding the cash for oil exploration. But you know that.
Then the question becomes, who should suffer the huge losses involved in wildcatting? Investors or taxpayers? What happens if the operation becomes non-economically feasible (operating at a negative cash flow due to low oil prices)?
It's all fun and games for SA, Iran, and Russia when their cost of production is $5 per barrel, what happens when it's $25-50 for others?
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hostileuniverse
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563117 - 11/23/15 12:17 PM (8 years, 2 months ago) |
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Quote:
ballsalsa said:
Quote:
hostileuniverse said: Of course you're right balls
of course.
As for more oil production, i would like to see a law that states that leases of Federal land to oil companies expire after 5 years without any extraction. and price the leases competitively, so uncle sam can get a reasonable cut. Also, no more subsidies of any kind for mineral extraction of any kind. 78% tax rate on oil profits sounds like a good idea too, so i would be alright with parity with Norway on that one...at least to start. A state run oil company to compete/partner with the private sector would be nice as well.
78%??? Holy fuck balls! You do realize the federal govt already makes more off oil production than the oil companies do. I was actually starting to respect you before that... And now I just feel stupid
Pfizer just relocated their headquarters overseas as well, if you wanna run every fucking business out of the country, keep up your train of thought... I'll go work in Africa, I could give a fuck less, it's not so bad in Ghana, nice hotels, armed guards to protect us from the "religion of peace", it's all good, i won't leave America, America will have left me...
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: qman]
#22563138 - 11/23/15 12:22 PM (8 years, 2 months ago) |
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Quote:
qman said: Then the question becomes, who should suffer the huge losses involved in wildcatting? Investors or taxpayers?
What losses?
http://www.usatoday.com/story/money/markets/2015/07/31/big-oil-profit-falls/30940917/
Quote:
Plunging oil prices are putting pressure on big energy companies in a way not seen in at least a decade.
Just-reported second quarter profit reported by the three giant integrated oil companies in the Standard & Poor's 500 — Chevron (CVX), Exxon Mobil (XOM) and Occidental Petroleum (OXY) — fell to $4.9 billion, according to a USA TODAY analysis of data from S&P Capital IQ.
That's the lowest quarterly profit in at least 10 years — taking out the previous recent low of $6.4 billion in the second quarter of 2009 amid the pain of the financial crisis.
Quote:
That's the lowest quarterly profit in at least 10 years
and thats with the bottom falling out of the price of oil. Doesn't seem like any of the big dogs are taking "huge losses" due to failed exploration.
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse]
#22563155 - 11/23/15 12:26 PM (8 years, 2 months ago) |
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Quote:
hostileuniverse said:
Quote:
ballsalsa said:
Quote:
hostileuniverse said: Of course you're right balls
of course.
As for more oil production, i would like to see a law that states that leases of Federal land to oil companies expire after 5 years without any extraction. and price the leases competitively, so uncle sam can get a reasonable cut. Also, no more subsidies of any kind for mineral extraction of any kind. 78% tax rate on oil profits sounds like a good idea too, so i would be alright with parity with Norway on that one...at least to start. A state run oil company to compete/partner with the private sector would be nice as well.
78%??? Holy fuck balls! You do realize the federal govt already makes more off oil production than the oil companies do. I was actually starting to respect you before that... And now I just feel stupid
Pfizer just relocated their headquarters overseas as well, if you wanna run every fucking business out of the country, keep up your train of thought... I'll go work in Africa, I could give a fuck less, it's not so bad in Ghana, nice hotels, armed guards to protect us from the "religion of peace", it's all good, i won't leave America, America will have left me...
78% is what Norway's tax rate is on oil profits. I only proposed parity with a highly functional system.
Pfizer can press pills anywhere they want, but exxon and royal dutch shell can only extract American Oil in America.
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qman
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563174 - 11/23/15 12:31 PM (8 years, 2 months ago) |
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Quote:
ballsalsa said:
Quote:
qman said: Then the question becomes, who should suffer the huge losses involved in wildcatting? Investors or taxpayers?
What losses?
http://www.usatoday.com/story/money/markets/2015/07/31/big-oil-profit-falls/30940917/
Quote:
Plunging oil prices are putting pressure on big energy companies in a way not seen in at least a decade.
Just-reported second quarter profit reported by the three giant integrated oil companies in the Standard & Poor's 500 — Chevron (CVX), Exxon Mobil (XOM) and Occidental Petroleum (OXY) — fell to $4.9 billion, according to a USA TODAY analysis of data from S&P Capital IQ.
That's the lowest quarterly profit in at least 10 years — taking out the previous recent low of $6.4 billion in the second quarter of 2009 amid the pain of the financial crisis.
Quote:
That's the lowest quarterly profit in at least 10 years
and thats with the bottom falling out of the price of oil. Doesn't seem like any of the big dogs are taking "huge losses" due to failed exploration.
That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
I ask again, who should take losses on wildcatting and high cost production that becomes economically unsound?
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Webster10
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Re: Remember when Bernie said the USA should be more like Norway? [Re: qman]
#22563193 - 11/23/15 12:36 PM (8 years, 2 months ago) |
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I can say with absolute certainty that that will never happen
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hostileuniverse
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563195 - 11/23/15 12:36 PM (8 years, 2 months ago) |
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Quote:
78% is what Norway's tax rate is on oil profits. I only proposed parity with a highly functional system.
Pfizer can press pills anywhere they want, but exxon and royal dutch shell can only extract American Oil in America.
Can we get our immigration and border policy inline with them too? Fact is, if Norway had our immigration problems, they may have collapsed by now.
You big govt type libs won't be happy until the govt owns it all, will you?
And what about us field guys? Are we supposed to bust our ass and loose all that time with our families for minimum wage???
Fuck that, I guess I'm a minority, (you can no longer criticize me or you're a bigot) but I'd rather work for my money than have a huge nanny state taking care of me.
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: qman]
#22563208 - 11/23/15 12:39 PM (8 years, 2 months ago) |
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Quote:
qman said: That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
Why would a state run oil company be obligated to operate in a manner different from major private oil companies? You do realize that i never suggested abolishing private industry right?
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hostileuniverse
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse]
#22563216 - 11/23/15 12:41 PM (8 years, 2 months ago) |
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Quote:
That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
I ask again, who should take losses on wildcatting and high cost production that becomes economically unsound?
Finally, some damn common sense, I've worked my fair share of "water wells" ( those are oil wells with no oil) the oil companies take huge losses on these wells and these are also the wells that put the little guys out of business. What's the govt do then? Just raise the taxes to make up the lost revenue?
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Falcon91Wolvrn03
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Re: Remember when Bernie said the USA should be more like Norway? [Re: qman]
#22563223 - 11/23/15 12:43 PM (8 years, 2 months ago) |
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Quote:
qman said: Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
When was the last year big oil didn't make billions in profit???
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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hostileuniverse
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563229 - 11/23/15 12:44 PM (8 years, 2 months ago) |
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Quote:
ballsalsa said:
Quote:
qman said: That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
Why would a state run oil company be obligated to operate in a manner different from major private oil companies? You do realize that i never suggested abolishing private industry right?
Is this kinda like having the PO compete with private banks? It didn't turn out so well last time, private companies ALWAYS do it better!
Ever heard of Amtrak? These fuckwits lose 80 million dollars a year in FOOD AND BEVERAGES ALONE!
We need less of govt ownership, not more
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse]
#22563236 - 11/23/15 12:46 PM (8 years, 2 months ago) |
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Quote:
hostileuniverse said:
Quote:
Can we get our immigration and border policy inline with them too? Fact is, if Norway had our immigration problems, they may have collapsed by now.
I'm not necessarily opposed to that
Quote:
You big govt type libs won't be happy until the govt owns it all, will you?
What?
Quote:
And what about us field guys? Are we supposed to bust our ass and loose all that time with our families for minimum wage???
What? No, i would never suggest that.
Quote:
Fuck that, I guess I'm a minority, (you can no longer criticize me or you're a bigot) but I'd rather work for my money than have a huge nanny state taking care of me. 
this statement doesn't actually make sense. take a few deep breaths, calm yourself, and re-read the last page or so of this thread. try checking Norway's unemployment rate while you're at it.
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qman
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Re: Remember when Bernie said the USA should be more like Norway? [Re: ballsalsa]
#22563242 - 11/23/15 12:47 PM (8 years, 2 months ago) |
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Quote:
ballsalsa said:
Quote:
qman said: That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
Why would a state run oil company be obligated to operate in a manner different from major private oil companies? You do realize that i never suggested abolishing private industry right?
Petrobras turned into a major shitfest this year.
http://www.nytimes.com/2015/08/09/business/international/effects-of-petrobras-scandal-leave-brazilians-lamenting-a-lost-dream.html?_r=0
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Falcon91Wolvrn03
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse]
#22563248 - 11/23/15 12:48 PM (8 years, 2 months ago) |
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Quote:
hostileuniverse said: Ever heard of Amtrak? These fuckwits lose 80 million dollars a year in FOOD AND BEVERAGES ALONE!
We need less of govt ownership, not more
Do you know why the Government runs the national rail passenger service and not private industry?
-------------------- I am in a minority on the shroomery, as I frequently defend the opposing side when they have a point about something or when my side make believes something about them. I also attack my side if I think they're wrong. People here get very confused by that and think it means I prefer the other side.
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qman
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Re: Remember when Bernie said the USA should be more like Norway? [Re: Falcon91Wolvrn03]
#22563249 - 11/23/15 12:48 PM (8 years, 2 months ago) |
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Quote:
Falcon91Wolvrn03 said:
Quote:
qman said: Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
When was the last year big oil didn't make billions in profit??? 
Is "big oil" the "oil and gas industry"?
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ballsalsa
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Re: Remember when Bernie said the USA should be more like Norway? [Re: hostileuniverse]
#22563283 - 11/23/15 12:55 PM (8 years, 2 months ago) |
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Quote:
hostileuniverse said:
Quote:
ballsalsa said:
Quote:
qman said: That's a very simplistic approach to a very dynamic industry, you do realize the majors are very conservative operators that are somewhat diversified from the price of oil? Do they take big risks for exploration? No.
They have the ability to buy up exploration and fields on the cheap when the medium or small operators go belly up. Do you honestly think the oil and gas industry is just pure non-stop profitability? It's not.
Why would a state run oil company be obligated to operate in a manner different from major private oil companies? You do realize that i never suggested abolishing private industry right?
Is this kinda like having the PO compete with private banks? It didn't turn out so well last time, private companies ALWAYS do it better!
We need less of govt ownership, not more
seriously, i can tell you aren't a dummy, so just think about this for a second. PO banking was a response to the unreliability of the private banking system. The PO didn't offer high interest rates, but the deposits were guaranteed. Eventually, The FDIC extended a government guarantee to all deposits, including those in private banks. This brought the reliability of the private banks up to par with the PO as far as the consumer is concerned, which provided impetus for people to leave PO banking behind for the higher interest rates offered by private banks. In other words, the success of private banking over PO banking was dependent on private banks being insured by the federal government(taxpayers)
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