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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: geode00 who wrote (55776)1/22/2006 10:05:01 PM
From: Rock_nj  Read Replies (4) | Respond to of 362352
 
Oil is in your local garbage dump. Seriously, there are companies turning waste products from turkey waste to just plain garbabe into oil by speeding up the natural process that took millions of years to make the oil we extract from the earth to a few hours for synthetic oil from waste.

This waste to energy technology is rather primative, but there are actually some working plants out there turning out 2,000 barrels of oil per day. The cost is around $30 a barrel, so they are profitable, as long as they can secure the waste at a reasonable cost.



To: geode00 who wrote (55776)1/22/2006 10:15:45 PM
From: stockman_scott  Read Replies (1) | Respond to of 362352
 
Bush's Colon - Or the Neutering of Karl Rove

huffingtonpost.com



To: geode00 who wrote (55776)1/22/2006 11:13:12 PM
From: Rock_nj  Read Replies (2) | Respond to of 362352
 
Oil Reserves Over-Estimated!

Here's a big reason why oil is going up in price and will continue to rise in coming years. The arabs have been less than truthful about how much oil reserves they actually have. We are starting to see concrete signs that this is the case, see below:

LONDON, Jan 20 (Reuters) - London Brent crude futures rose $2 on Friday to its highest level since early September after a report that Kuwait's oil reserves are only half those officialy stated.

March Brent <LCOc1> rose $2.01 to $67.24 a barrel after industry newsletter Petroleum Intelligence Weekly (PIW) reported it had seen internal Kuwaiti records showing that Kuwait's reserves were about 48 billion barrels, compared to the officially stated 99 billion barrels.

Ahead of the report, Brent had already gained $1.50 on mounting concern about supply from Iran and Nigeria had already fuelled a rally of $1.50.