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Thompsons Station, Tennessee Auto Repair Shops

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Thompsons Station, TN Car Consumer Discussions

Re: Record Oil Price [texases]
by gagrice on Wed Apr 23 22:25:35 PDT 2008
Their lack of development of Pt. Thomson is a good indicator it's not a very attractive project without a gas pipeline. It's expensive to develop a field if you have to reinject all the produced gas. It could also be the oil companies are waiting for Congress to get their heads out of you know where and open ANWR for leases. That would make extending the pipeline practical. Right now the thrust is in the NPR that Bush opened when they slammed the door on ANWR. Pt Thompson is rather small in comparison. They had big hopes for Badami and it is a so so field that is closest to Pt Thompson. The field is going crazy with work out in the western region. I don't think you will ever see the 2 million barrels a day from the 1980s and early 1990s. That pipeline has already past its life expectancy and is lucky to pass a million barrels a day. At least two pump stations are gone, removed. All the talk about Exxon making big profits is not a reflection of gas refining. That is probably operated at a loss. They do still have some sizable leases that are real money makers at $120 per barrel. They were happy when oil was $30 per barrel. The only way to drop the price of oil being imported is to colonize those countries and Nationalize the oil production. I would start with Mexico and Canada and let Venezuela and Saudi Arabia know they are next. Of course we do not have the will to do that so get used to being held hostage to our neighbors and enemies. And the gamblers on the commodity exchange.

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