"Dave" wrote in message
news
On Thu, 25 Jan 2007 19:29:28 -0600, "KLC Lewis"
said:

After the current "crisis" is over, and
Shell, BP and ExxonMobile have secured their 30-year contracts on Iraqi
oil,
crude prices will likely settle back down to around $20-25 level.

What's the saying--even paranoids have enemies?

Something like that. lol

The Shell/BP/ExxonMobil contracts are in the works as we speak
(http://news.independent.co.uk/world/...le2132569.ece), and
it's unlikely that the bill will not pass through the Iraqi government more
or less intact. The price projection is based upon historic chart data
(http://www.wtrg.com/oil_graphs/oilprice1947.gif).

KLC Lewis wrote:

"xorbit" wrote in message
...


Larry wrote:

Alaska needs to get in the refining business, then tell America what it
wants for gas and diesel...(c;....instead of just giving crude away until
it's gone.

Larry

My understanding is that won't happen. As part of the agreement to drill
the north slope, no refineries would be allowed in Alaska. That won't
change because the environmental movement would never allow it.




I'll bet Russia would be amenable to building refineries in Siberia, just
across the straights...

Just across the straights? Have you measured how far that is from
Valdez compared to, say, Seattle? Against the current in the open North
Pacific / Bering Sea?

Valdez is a LOT closer to the lower 48 than Siberia.

Steve Thrasher wrote:

xorbit wrote:

My understanding is that won't happen. As part of the agreement to
drill the north slope, no refineries would be allowed in Alaska. That
won't change because the environmental movement would never allow it.


Here is part of an article published: January 23, 2007 in The Anchorage
Daily News:
NORTH POLE -- A small fire that broke out Sunday at Alaska's largest
crude oil refinery did not interrupt production and refining operations,
officials said.
There were no injuries resulting from the fire at the Flint Hills
Refinery in North Pole.

There's more if you want to go to the web site at www.adn.com
Now, it's MY understanding that none of the North Slope oil can be
exported. It's all for domestic use. Federal law of some sort.

I stand corrected. Thanks you for the information.

I knew there was some reason why the Alaska crude was shipped to the
lower 48. I just had the wrong reason. My information came from some
of the residents of Cordova, Alaska on one of our visits.

"xorbit" wrote in message
news


....

Just across the straights? Have you measured how far that is from Valdez
compared to, say, Seattle? Against the current in the open North Pacific
/ Bering Sea?

Valdez is a LOT closer to the lower 48 than Siberia.




Sure, the lower 48 are closer, but Russia has that old entrepreneurial
spirit (and lack of regulation) that no longer exists in the US.

KLC Lewis wrote:

"xorbit" wrote in message
news

...

Just across the straights? Have you measured how far that is from Valdez
compared to, say, Seattle? Against the current in the open North Pacific
/ Bering Sea?

Valdez is a LOT closer to the lower 48 than Siberia.





Sure, the lower 48 are closer, but Russia has that old entrepreneurial
spirit (and lack of regulation) that no longer exists in the US.

Spent some serious time in Russia second half of last year. It might be
called "entrepreneurial" by some. We called it organized crime.

Its an academic discussion if federal law requires all the crude for
U.S. domestic use.

Gordon wrote in
:

Larry, Larry, Larry!
Tell me it isn't true. You're still using Skype even after it was
bought out by big business (EBAY) and raised it's rates? I'm
disappointed in you.
Better look at voipbuster!
Gordon


Yes. I'm forced to spend $28 (Skype Out) plus $15 (Skype In) = $43/YEAR
for home telephone service. Isn't it just AWFUL?!

Larry
--
Democracy is when two wolves and a sheep vote on who's for dinner.
Liberty is when the sheep has his own gun.

xorbit wrote in :

Does Japan pay more for oil? Do you have some numbers on this or a
reference?



Nope. I just assume someone selling a product for $4/gallon has a margin
that can pay more for the product than someone selling it for $1.99/gallon.
He'd be willing to pay more, wouldn't he?

If he offered to pay more for it, to divert it away from the USA for
instance, I'd certainly SELL it to him, if it were mine to sell, right?



Larry
--
Democracy is when two wolves and a sheep vote on who's for dinner.
Liberty is when the sheep has his own gun.

Larry wrote:

xorbit wrote in :


Does Japan pay more for oil? Do you have some numbers on this or a
reference?




Nope. I just assume someone selling a product for $4/gallon has a margin
that can pay more for the product than someone selling it for $1.99/gallon.
He'd be willing to pay more, wouldn't he?

If he offered to pay more for it, to divert it away from the USA for
instance, I'd certainly SELL it to him, if it were mine to sell, right?



Larry

But Japan isn't paying any more for oil than the rest of the world
except to cover transportation to the island. Oil exporting countries
doesn't care who they sell to, just the highest bidder. Unless they
have long-term contracts.

But since all the Alaskan crude is only for U.S. domestic consumption,
it doesn't matter whether you COULD sell it to Japan or not.

Dave wrote:
On Thu, 25 Jan 2007 08:57:16 GMT, "Dennis Pogson"
said:

$6.50 per US gallon here in UK.

How much of that is tax?
Around 82%, between fuel tax and vat. It's added as a precentage rather than
a fixed amount per gallon so that when the refineries put their prices up
due to oil price increases, the Government wins, hands down! The next scam
will soon be "road charges", levied on a GPS-assessed figure of how much
mileage you do, and when. (Go to work at 3am and you get a discount!) It
will soon be better not to work but to go on welfare here in the UK, so long
as you drive to collect your welfare check at 3am.

This is all rather arbritrary anyway, since the more you give the Government
whilst you are alive, the less you are left with to give them when you die
(currently 40% on anything you leave over £285k, including your home).

DP

Dave wrote in news:3h6kr29dd19fsch4t8f7cj03h2cbvk6c35@
4ax.com:

How much of that is tax?
Around 82%,

Give the Democrats here a little time and we'll be at that figure too.



You're in for a shock. We're already at that figure....

Larry
--
Democracy is when two wolves and a sheep vote on who's for dinner.
Liberty is when the sheep has his own gun.