Oil Price Surging

[Azure]

NEW YORK, Feb 24 (Reuters) - Oil surged to almost $120 a barrel and the safe-haven Swiss franc hit a record high on Thursday on fears turmoil in Libya could spread, but gold eased on talk Saudi Arabia could boost its crude output.

http://www.reuters.com/article/2011/...28708920110224

What kind of price does Alberta need to erase the deficit?

[Cowboy89]

Originally Posted by Azure

http://www.reuters.com/article/2011/...28708920110224

What kind of price does Alberta need to erase the deficit?

Sustained natural gas prices above $6/GJ.

[chemgear]

Originally Posted by Cowboy89

Sustained natural gas prices above $6/GJ.

Not for a while unfortunately.

[puckluck]

They're building something special up there in Libya.

[Pinner]

If N. America would switch to Nat gas for a transportation fuel we would be further ahead in so many ways.

[puckluck]

Originally Posted by Pinner

If N. America would switch to Nat gas for a transportation fuel we would be further ahead in so many ways.

Dr. Robert Howarth, professor of ecology and environmental biology at Cornell University, indicates that using natural gas rather than diesel in vehicles could actually increase climate change, according to his preliminary finding dated Nov. 15 of a research paper to be under peer review.

“Using the best available science, we conclude that natural gas is no better than coal and may in fact be worse than coal in terms of its greenhouse gas footprint when evaluated over the time course of the next several decades.”

I really don't think that there will be much difference at all.

[mikey_the_redneck]

^^

[Pinner]

You have considered that we have an unlimited supply of domestic Nat Gas at a fraction of the price of oil right ?

That quote you posted is the first instance I can remember of anyone stating Nat Gas is no better than coal or diesel (environmentally)

[puckluck]

Originally Posted by Pinner

You have considered that we have an unlimited supply of domestic Nat Gas at a fraction of the price of oil right ?

That quote you posted is the first instance I can remember of anyone stating Nat Gas is no better than coal or diesel (environmentally)

Natural gas is unlimited? how so? Nothing that comes from fossil fuels is unlimited.

[FlamesKickAss]

Originally Posted by puckluck

Dr. Robert Howarth, professor of ecology and environmental biology at Cornell University, indicates that using natural gas rather than diesel in vehicles could actually increase climate change, according to his preliminary finding dated Nov. 15 of a research paper to be under peer review.

“Using the best available science, we conclude that natural gas is no better than coal and may in fact be worse than coal in terms of its greenhouse gas footprint when evaluated over the time course of the next several decades.”

I really don't think that there will be much difference at all.

except that climate change is a farce..

[HPLovecraft]

Originally Posted by FlamesKickAss

except that climate change is a farce..

No.

You are probably thinking of arguing that global warming is a farce, but even skeptics of that acknowledge climate change is real.

But let's not turn this into another climate change fiasco of a thread.

[Pinner]

OK, I should have said we have more Nat Gas than we will ever need.

[Bill Bumface]

These oil prices suck, even for us.

We want measured growth, not some second rediculous boom that is going to stall out world wide economic recovery and leave things in an even bigger mess in the long term. It's pretty bad timing for all of this.

[zuluking]

Originally Posted by puckluck

Dr. Robert Howarth, professor of ecology and environmental biology at Cornell University, indicates that using natural gas rather than diesel in vehicles could actually increase climate change, according to his preliminary finding dated Nov. 15 of a research paper to be under peer review.

“Using the best available science, we conclude that natural gas is no better than coal and may in fact be worse than coal in terms of its greenhouse gas footprint when evaluated over the time course of the next several decades.”

I really don't think that there will be much difference at all.

Leaving climate change and global warming aside, the prototypical environmental science shock-and-awe statements always tend to crumble under any sort of cross-examination. The revised statements then become minor footnotes in the annals of history (but that doesn't sell magazines or enhance reputations.

It took two seconds to find this: http://blogs.worldwatch.org/revolt/n...thane-leakage/

[PIMking]

I love that oil prices are dictated by speculation and not supply and demand. Maybe once they go down again some bird can crap on a pipeline and make them skyrocket once again.

[Pinner]

Originally Posted by zuluking

It took two seconds to find this: http://blogs.worldwatch.org/revolt/n...thane-leakage/

Potluck was just trolling zulu

[macker]

Paging T.Boone Pickens..... http://www.youtube.com/watch?v=JRVQyL4tUs4&feature=fvsr

www.pickensplan.com

[valo403]

Originally Posted by PIMking

I love that oil prices are dictated by speculation and not supply and demand. Maybe once they go down again some bird can crap on a pipeline and make them skyrocket once again.

How so? I mean everything is based on speculation to a certain extent, that's how commodity markets work. I don't see how oil is any different than buying frozen concentrated orange juice futures.

[PIMking]

Originally Posted by valo403

How so? I mean everything is based on speculation to a certain extent, that's how commodity markets work. I don't see how oil is any different than buying frozen concentrated orange juice futures.

Apples and Oranges, You don't people say "well there is a country in the middle east that might go into a civil war. So lets crank up the prices of our oranges to take full affect of the soldiers need for tasty orange juice"

One gas station that I go past every day to class was $2.92 yesterday, Today it was $3.30.. What in the world justifies that sort of jump in gas prices?

[zuluking]

Originally Posted by PIMking

Apples and Oranges, You don't people say "well there is a country in the middle east that might go into a civil war. So lets crank up the prices of our oranges to take full affect of the soldiers need for tasty orange juice"

One gas station that I go past every day to class was $2.92 yesterday, Today it was $3.30.. What in the world justifies that sort of jump in gas prices?

Please say you're in the U.S. (or BC)!!