I believe that the US Government has been making a conscious effort to  
save the oil reserves that you have in the ground against a future  
world shortage.  That is probably a good strategy from a Homeland  
Security point of view.

If you feel that the oil companies are ripping you off, buy shares in  
them and become a recipient of that gratuitous pillaging.  I suspect  
that you will discover that while they are a good investment, they are  
not as good as the press would have you believe.  Just because a  
company makes "billions of dollars of profits" doesn't mean that the  
profit divided up evenly amongst the shareholders  is all that great.  
Why not pick on the auto industry, the clothing industry, the  
pharmaceutical industry, etc.  Looking at my own portfolio, the energy  
stocks are currently returning somewhat higher gains than financials  
and materials  but not that much more.

I find it ironic that the same complaints of excess profits are being  
made in Canada.  If the press were to get off their butts, they might  
discover that the pension plans are big investors in the energy  
industry.  Perhaps, without the excess profits, your pension plan,  
401K, etc would be cutting their payouts to all us old folks.

It always seems greener on the other side of the fence.  The press  
digs for headlines, not the truth or a balanced treatment of a  
subject.  They always have and I guess they always will.


On 23-May-08, at 2:56 PM, Daniel Horgan wrote:

> His point was that there was plenty of oil, but it was cheaper to  
> buy it
> from the Middle East. Now that the oil companies are making record
> profits, why not milk the cash cow instead of using the $86 oil here.
>
> Dan Horgan | Sr Software Engineer | Infor | 550 Cochituate Rd |
> Framingham, Ma 01701 |508-598-4062 | [log in to unmask]
>
> -----Original Message-----
> From: [log in to unmask] [mailto:[log in to unmask]]
> Sent: Friday, May 23, 2008 2:28 PM
> To: Daniel Horgan; [log in to unmask]
> Subject: Re: Re: [HP3000-L] OT: Energy and Politics
>
> OK I will BYTE... What are you talking about...!
>
>
>> From: Daniel Horgan <[log in to unmask]>
>> Date: 2008/05/23 Fri PM 02:08:20 EDT
>> To: [log in to unmask]
>> Subject: Re: [HP3000-L] OT: Energy and Politics
>
>> A friend of mine is from Wyoming. He told me last week a barrel of  
>> oil
>> (better quality than from Middle East) is selling for $86/Barrel.
> Follow
>> the money boys and girls!
>>
>> Dan Horgan | Sr Software Engineer | Infor | 550 Cochituate Rd |
>> Framingham, Ma 01701 |508-598-4062 | [log in to unmask]
>>
>> -----Original Message-----
>> From: HP-3000 Systems Discussion [mailto:[log in to unmask]] On
>> Behalf Of Kevin Smeltzer
>> Sent: Friday, May 23, 2008 1:11 PM
>> To: [log in to unmask]
>> Subject: [HP3000-L] OT: Energy and Politics
>>
>> Forget wind farms......
>> Forget drilling in ANWR........
>> Forget drilling off the coasts of the U.S........
>> Forget coal, nuclear, natural gas.........
>> Forget OPEC......
>> It is all a political show.
>>
>> To paraphrase Shakespeare from 'The Tragedy of Macbeth'
>> Politicians are "... but a walking shadow, a poor player
>> That struts and frets his hour upon the stage
>> And then is heard no more: it is a tale
>> Told by an idiot, full of sound and fury,
>> Signifying nothing."
>>
>>
>> U.S. and world energy needs are solved.  But you must admit the
>> squealings
>> of politicians are an interesting sound effect, during election  
>> years.
>> ONE
>> solution know for years, and rarely reported is 'shale oil'.  Try
>> Google, it
>> returns 441,000 results on 'shale oil'.  If you are really bored  
>> trying
>
>> Googling 'oil sand', 672,000 results.  Canada's solution to energy
>> needs.
>>
>> Check out the RAND report paid for by your tax dollars on web site:
>> http://www.rand.org/pubs/monographs/2005/RAND_MG414.pdf
>>
>> Highlights from 2005 report:
>> 1.  "The largest known oil shale deposits in the world are in the  
>> Green
>> River
>> Formation, which covers portions of Colorado, Utah, and Wyoming.
>> Estimates
>> of the oil resource in place within the Green River Formation range
> from
>> 1.5 to
>> 1.8 trillion barrels."
>> 2.  "Present U.S. demand for petroleum products is about 20 million
>> barrels per
>> day. If oil shale could be used to meet a quarter of that demand, 800
>> billion
>> barrels of recoverable resources would last for more than 400 years."
>> - suspect current U.S. demand is above 20 million barrels per day,
>> adjust as
>> needed.
>> 3.  "unlikely to be profitable unless real crude oil prices are at
> least
>> $70 to $95
>> per barrel (2005 dollars)."
>>
>> NOW, you can understand why U.S. oil companies are not investing
>> in 'renewable energy sources'.  THEY DO NOT NEED TO!
>>
>> * To join/leave the list, search archives, change list settings, *
>> * etc., please visit http://raven.utc.edu/archives/hp3000-l.html *
>>
>> * To join/leave the list, search archives, change list settings, *
>> * etc., please visit http://raven.utc.edu/archives/hp3000-l.html *
>
>
> joseph dolliver
> e3k solutions , inc
> 41630 marie court
> leonardtown, md 20650
> 301-475-6985
>
> * To join/leave the list, search archives, change list settings, *
> * etc., please visit http://raven.utc.edu/archives/hp3000-l.html *

C.A.R. Hoare: "Inside every large program is a small one struggling to  
get out"

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