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Orange Blooded [3989]
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Keystone pipeline
Mar 10, 2022, 1:39 PM
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Just wanted another thread on this to see how many morons equate the cancellation of a pipeline (a decade from completion, and designed to IMPORT FOREIGN OIL) is somehow a road block preventing domestic production TODAY.
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Lot o points [155509]
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While we are at it, let's combine the thread with one that
Mar 10, 2022, 1:43 PM
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identifies the people who don't understand the commodities futures markets.
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Heisman Winner [137646]
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The longest oil futures are at around 6 months, and
Mar 10, 2022, 2:15 PM
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certainly less than 1 year if you can find some exceptions. Something that happens (or doesn't) 10 years from now has no effect whatsoever on global oil pricing.
That said, my research is based on some quick googling, so I'll happily recant if there's an oil future market longer than that.
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Lot o points [155509]
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You’re talking about month to month settlements.
Mar 10, 2022, 2:35 PM
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For annual settlements you can go out to 2031 right now if you want to
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Heisman Winner [111193]
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Hall of Famer [23933]
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Re: The longest oil futures are at around 6 months, and
Mar 10, 2022, 2:40 PM
[ in reply to The longest oil futures are at around 6 months, and ] |
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They go out to 2033. That being said, there is no realistic way of knowing how much a single pipeline affects the value of a future.
But this as a sign of overall American energy policy, might certainly be used by OPEC to determine if cutting oil production is advantageous.
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Heisman Winner [111193]
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demand domestically should be considerably lower in 10 years as well,
Mar 10, 2022, 2:51 PM
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with EVs taking over more of the consumer market and hydrogen likely, and much more thoroughly replacing diesel in Long Haul Transport. This would be like investing in Blockbuster when Netflix was a mail service.
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Hall of Famer [23933]
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Re: demand domestically should be considerably lower in 10 years as well,
Mar 10, 2022, 3:03 PM
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EV is definitely where it's going. Teslas are all over the place where I live. Just need to figure out how to make more efficient solar panels, but that's above my pay grade.
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Heisman Winner [111193]
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We can do some math
Mar 10, 2022, 3:54 PM
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and see if it pays for itself in the long run.
the average cost of the juice in the south = 17 cents a kilowatt hour
a model x has a battery capacity of 100kwh
$17.00 to "refuel" on a car with a conservative range of 330 miles.
that would be like paying 2 dollars a gallon for gas, and the model x is one of the more inefficient ev's because of its performance, 0-60 in 2.4 seconds.
I did the same math on a nissan leaf(29k) and it was the equivalent of $1.07 per gallon of gas.
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Oculus Spirit [80914]
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But then you have to drive a Nissan Leaf***
Mar 10, 2022, 4:14 PM
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Heisman Winner [111193]
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It is definitely not an appealing buy
Mar 10, 2022, 4:25 PM
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when you can get this for a measly 11k more.
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Oculus Spirit [80914]
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Thats hot
Mar 10, 2022, 4:37 PM
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I think I'll just pay to put diesel in my Jeep. At <8K miles per year, if I can't afford the fuel, I can't afford the (paid for) vehicle.
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Heisman Winner [111193]
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Re: Thats hot
Mar 11, 2022, 8:42 AM
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paid for vehicles are the best kind. I wonder how long before there is ride sharing app for commuters?
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110%er [7043]
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Re: We can do some math
Mar 11, 2022, 12:18 AM
[ in reply to We can do some math ] |
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Don't forget to include CapEx to build new electric power plants, and the certainty that EV recharging units will be fitted with 'meters' which apply major taxes to 'EV electricity' to pay for highway use / highway maintenance / highway construction.
Oh yeah, if the USA goes all Energiewende on us ... and electricity-generation capacity keeps up with growing demand ... then the fundamental cost of generating electricity will go through the roof.
EV electricity is going to be a lot more expensive on than what it is at this time ... but watch the USA accelerate the approval process for Nuke plants or to building coal plants again (like P.R.China is doing) ... to keep electricity costs from exploding.
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Orange Blooded [3989]
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Re: We can do some math
Mar 11, 2022, 8:25 AM
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ClemsonZJ says we only get 5% efficiency from plant to home. This means all we need to do is improve efficiency by 5% and we will double our capacity without having to build a single new plant. Of course ZJ could be full of it. But I wish you guys would make up your minds.
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Associate AD [838]
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Stop with the 5% transmission efficiency
Mar 11, 2022, 11:49 PM
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That's just not right. It's more like 5% inefficiency (95% efficiency).
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CU Guru [1313]
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Re: We can do some math
Mar 12, 2022, 12:21 AM
[ in reply to Re: We can do some math ] |
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Birmtard, give it up. You've been trying to put lipstick on a Fat Pig (XL stoppage) far too long. You know building it is the right thing to do and it will eventually happen. You're not that detached from reality.
Free Advice: trying to defend Biden's disastrous policies does nothing for your credibility. In fact, I can assure you that every post you make pro-Biden puts you closer to being the All Time greatest P & R Village Idiot! One good thing: you provide more laughs than 10 clowns.
LMAO. Take some time off and consider where you are vis-a-vis the human race. Aren't you just a little bit tired of being check-mated or finishing last?
Miura Your Mentor. Gratis!
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Hall of Famer [24632]
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The apparent claim that a half-completed pipeline would take
Mar 10, 2022, 1:53 PM
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10 MORE years to complete just shows the abysmal inadequacy of our industrial resolve.
On, off... On, off. Cut the switch and straight-wire the MFer!
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All-In [34504]
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He's a lying PoS***
Mar 10, 2022, 1:54 PM
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CU Guru [1507]
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Lot o points [155509]
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CU Guru [1507]
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Re: Speaking of using Google, here's a pretty left-leaning
Mar 10, 2022, 2:13 PM
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It was only a two year construction project that was planned in 2008. It had been and was still in various court battles with federal judges stopping sections of it until more complete environmental impact studies had been performed. The Nebraska sand hills section was an ongoing problem as was the crossing of Indian res.'s. Remember that Trump gave the OK in 16, but yet nothing was getting done due to the legal battles. But, I agree, had the legal issues been taken care of along the whole route, it could have been completed by 2023. I think they should have just run it along the entire easement of the existing Keystone phases 1-3 route and this would have taken care of the legal issues. Now I will read your article.
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Lot o points [155509]
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Oh litigation is totally the holdup.
Mar 10, 2022, 2:38 PM
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And in full admission I don’t know how much skid-greasing a willing govt. could do in that area or not.
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CU Guru [1507]
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Re: Oh litigation is totally the holdup.
Mar 10, 2022, 2:46 PM
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Yep, I don't know either but it sounded like Trump tried that route and it didn't work with some federal judges. Dang, that kinda sounds familiar to the period after 11/3/20. I guess we should thank the founders for coming up with the 3 branches to act as checks and balances on each other.
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Hall of Famer [24632]
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"Half" was rhetorical... As per Reuters, remaining funding
Mar 10, 2022, 2:25 PM
[ in reply to Re: The apparent claim that a half-completed pipeline would take ] |
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of $6.9B had already been procured for '21 and '22... (Hint: '22 isn't 10 years away)
The point of my post was the comment about it requiring 10 years to build... The "abysmal inadequacy" was satirical factiousness.
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CU Guru [1507]
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Re: "Half" was rhetorical... As per Reuters, remaining funding
Mar 10, 2022, 2:36 PM
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Great, they could have all the funding they wanted, but until all the lawsuits were settled and done, the project could not be completed. It had taken 10+ years to get the 8% completed and this on a project that would have taken two years to complete if there were not legal complications. Like one article I read stated, NOBODY knows when this thing could have been completed. The environmental groups, the farmers and the Indians were staunchly against it and would have kept suing. BTW, why is "half" rhetorical and not misinformation?
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Hall of Famer [24632]
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Basically because I didn't know the % status... My point
Mar 10, 2022, 2:43 PM
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was about the time necessary to get it built. It certainly wouldn't take 10 years. A Presidential Directive citing "national security" and all that litigation gets tossed.
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CU Guru [1507]
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Re: Basically because I didn't know the % status... My point
Mar 10, 2022, 2:48 PM
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I got your point. As far as the executive branch, see the above reply to Obed on the 3 branches of gov. to act as checks and balances on each other
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Hall of Famer [24632]
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Doesn't apply in cases deemed "national security"...
Mar 10, 2022, 2:51 PM
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See Patriot Act. They can do ANYTHING they want.
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All-TigerNet [11623]
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Orange Blooded [3989]
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Re: Here's more insight I'm sure you'll say is fake news...
Mar 10, 2022, 4:08 PM
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Where in this article does it show where cancellation of a pipeline built to import foreign oil is hampering domestic production?
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Orange Blooded [2939]
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110%er [5638]
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Re: Keystone pipeline
Mar 10, 2022, 3:18 PM
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Trump loved the pipeline, said it was a good pipeline, no a great pipeline - one of the best ever.
So, therefore, I support it.
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CU Guru [1485]
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I'm sure you support Putin too, since Trump does.***
Mar 10, 2022, 3:56 PM
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