T. BOONE PICKENS- THE UNITED STATES SHOULD STOP PURCHASING MID EAST OIL!!!!!

T. Boone Pickens build a case for the United States to stop purchasing oil from our enemys in the mid-east.

https://www.facebook.com/Pickensplan/?fref=nf

It is hard to understand why the political climate does not understand the power of the United States

that now has the ability to produce our own energy needs.  Stopping fracking when our national debt is about to bury this country is tanamount to political suicide and cutting our own national throat.  

Something is so wrong with this picture that the only conclusion I can come to is that someone is being paid lots of money to make sure that this country does not understand the power of our own resource.

This is so amazing that it defies belief - this country is going broke- we pay huge amounts of money to purchase energy from our own enemies that we do not need to purchase.....!!!  We could change the whole balance of power and the administration and political hacks want to ban fracking?????

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Permalink Reply by Craig Cooper on April 12, 2016 at 7:24am

Joseph,

In addition to the things mentioned by Thomas, there are (at least) two other issues associated with the construction of new US refineries that are better suited to the crude being produced from unconventional reservoirs: 1. governmental permitting & regulatory requirements are extremely onerous and 2. few people want refineries located in their communities.

Added to an increasingly aggressive environmentalism as well as political extremism & polarization and together, all of these things create an effective barrier to new construction and inhibit our ability to take full advantage of our resources.

Permalink Reply by Joseph-Ohio on April 12, 2016 at 7:53am

Craig Cooper,

Thank you for bringing those hurdles (better termed walls) that stand in the way of our energy independence.

This is a huge country.  There is also our ally to the immediate north of the contiguous lower forty-eight (Canada) another huge country, our ally to our south (Mexico) another huge country and other allies in Central and South America covering a vast amount of allied real estate.  It seems to me that considering all the area covered and once meaningful trade agreements are forged could support as many refineries as are needed for ourselves and allies.

These refineries ought to / must be built correctly so as to minimize potential and therefore actual catastrophe.  

Stick to our western geography and vetted non authoritarian allies when it comes to our independence / security / economic prosperity.

Doing business with the OPEC, the Middle Eastern and / or Eastern authoritarian potentially / outrightly hostile states makes no sense to me and poses greater risk including the risk of having our own dollars turned against us. It seems to be only common sense to me.

Permalink Reply by Mike Fulper on April 12, 2016 at 10:25am

The Only reason we use '"crude' is for some POWER PLANTS...

Soon our Power Plants will be on NG......end of Crude

Costs more to 'refine" Crude for gasoline then to refine Lite Sweet...

Lets see... before the UN TREATY ... we did not have all this ME oil

coming into the US.... we used our OWN oil.......mostly....

After the UN TREATY illegal as it is.. was signed... all these

"foreign" countries came in and slowly degraded the USA....

The US was sold out by Reagan and CLINTON big time....

It doesn't take a degree in Math or science to figure out what is going

on......

Suadi's are MUSLIMS and they are the complete enemy of the US....

did everyone forget "1973" Oil "crisis"........

Trump and NATIONALISM is the only hope left.....

35% import  tax on every dollor of value of any item IMPORTED

into the US... will help a lot......

Screw England.. Germany .. Japan... ME.... South America ..China.....

Mabey give France a small break   :)

If Trump isn't nominated in July there will be an uprising bigger then

the last Civil War....

The "system" of voting for President is being "re structured"  by Trump

There will be NO "contested convention" in July and NO Electoral College

BS in Nov.....

Permalink Reply by Craig Cooper on April 12, 2016 at 11:55am

Mike, 

"The Only reason we use '"crude' is for some POWER PLANTS..."

You don't really believe that do you? See: http://www.ranken-energy.com/products%20from%20petroleum.htm  and I'm sure you know that, for the most part, natural gas is often associated with liquid petroleum and that 'light sweet' is a form of crude oil. Right? 

Permalink Reply by Mike Fulper on April 13, 2016 at 12:47am

I built power plants in South Florida in the 70's

Crude....or what came from the ME .was like TAR......

Permalink Reply by Joseph-Ohio on April 13, 2016 at 1:53am

Have heard the term 'Bunker' used to describe that grade of crude - have you also ?

Sounds like plain old No. 2 Heating Fuel (but probably cold and viscous when you saw it).

Permalink Reply by Craig Cooper on April 13, 2016 at 2:53am

Mike,

'Crude' is a general term which encompasses an entire spectrum of liquid hydrocarbons. Not all crude oils or crude oils from the ME are heavy / tar-like. 

Permalink Reply by Thomas Malcolm Pendergast on April 13, 2016 at 8:23am

Hi Craig!  To fine-tune your comment a bit:  the standard way of classifying crude is the "degree of gravity" established by the American Petroleum Institute.  Go to their website and that of the EIA for tons of technical info.

Name just about any source of hydrocarbons and you'll find quite a range of qualities in greater or smaller quantities.  It's all spelled out on those websites.

Permalink Reply by wandering juju on April 18, 2016 at 8:15am

Right ON Mike

Permalink Reply by lance on April 12, 2016 at 1:40pm

To whom it may concern..... The Saudi's are not really our friends. They just put up with us because we protect their rag heads from Iran who want to destroy them....

Permalink Reply by Thomas Malcolm Pendergast on April 13, 2016 at 8:49am

Lance, do you know anyone who works for ExxonMobil?  Their largest foreign investment is with the SABIC ragheads, a joint venture in Saudi Arabia.  That is with ExxonMobil Chemicals Arabia and Saudi Arabia Basic Industries (the 2nd largest petrochemical company in the world) set up 35 years ago.  Rex Tillerson could probably give you a pretty good idea of how friendly their relationships have been over the last three and a half decades.

By the way, ExxonMobil's cash reserves are down 85%.  They're probably going to collapse any day now.  I'm sure Paul will be able to confirm this.

Tom, the worldly, elitist, creepy fraud

Permalink Reply by Thomas Malcolm Pendergast on April 11, 2016 at 12:00pm

According to the EIA, as of January 2015 the U.S. imported 7,900,000 bbls of crude per day.  One year later, we imported 7,675,000 bbls per day  EIA also says that 89% of the natural gas that is consumed in the U.S. is produced in the Marcellus/Utica play.  That is creating jobs in Mount Vernon, Ohio where they make all the compressors that are installed on Mariner West and Mariner East pipelines that export ethane to Sarnia, Grangemouth and Norwegian crackers as well as on the ATEX pipeline for Gulf of Mexico crackers.  Valourec has some 200 new employees producing pipes in a plant that didn't exist just 3 years ago.

While U.S. foreign direct investments in Saudi enterprises keeps going up, Saudi direct investments in the U.S. are increasing at a faster rate.  Altogether, Saudi companies employee 6,500 Americans with a payroll of about $4.5 billion, mainly petrochemicals and textiles (all derived from oil and gas) and export sales from Saudi affiliates in the U.S. reached $3 billion.  These figures have grown for the past 7 years.

In Ohio alone, $8 billion has been invested in projects directly related to oil and gas.  The reason Ohio, western Pennsylvania and northern West Virginia are faring better than North Dakota, Colorado, Wyoming and Utah is because, like Texas, Oklahoma and Louisiana, we have better infrastructure (pipelines, fractionators, cryogenics, pipe and structural steel fabricators, and a well-established polymer industry.  And we're within 500-600 miles of the greatest concentration of population in North America.  And Ohio's superb transportation network - - -  highways, rail, air and barge - - - gets our products to market efficiently.

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