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- Mar 23, 2005
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Hi all,
1) There is fact about oil shale require high oil price to survive, possibly over $70 per barrel and oil companies depend on high oil price to make more investment.
2) You know that OPEC want to shut oil shale down in the US by oversupply of oil.
http://www.telegraph.co.uk/finance/...pec-warns-US-cannot-withstand-price-rout.html
http://www.theguardian.com/business...n-kill-us-shale-oil-price-down-seven-year-low
3) Many of us are excited about cheap gas price, but they do have consequence.
4) Many people don't want oil shale due to water issue, earthquake and lack of transparency, even there are some people celebrated that OPEC killed oil shale in the US.
Do you think that we could save oil shale?
It could be done via government subsidies so there is 2 choice - more debt, deficit or less debt deficit. If government decide to subsidize the oil shale, such as add $50 per barrel on top of $27 per barrel to make $77 per barrel so for less to no deficit/debt, it means US customers have to pay high gas price to cover the subsidies, such as add $2 on top of $1.50 gas price to make $3.50. For more deficit/debt, government give a lot of money to subsidize and we don't pay at all.
I know many people don't want to pay more for gas price, but we can't let OPEC to defeat us, so I want US to dominate the oil market, that will be good for our country.
http://money.cnn.com/2016/01/14/investing/oil-bailout-us-washington/
I don't support incentives that lead to high gas price, but I'm just curious and learn about how oil works.
Please discuss about related to oil shale, not otherwise and no political bashing allowed.
1) There is fact about oil shale require high oil price to survive, possibly over $70 per barrel and oil companies depend on high oil price to make more investment.
2) You know that OPEC want to shut oil shale down in the US by oversupply of oil.
http://www.telegraph.co.uk/finance/...pec-warns-US-cannot-withstand-price-rout.html
http://www.theguardian.com/business...n-kill-us-shale-oil-price-down-seven-year-low
3) Many of us are excited about cheap gas price, but they do have consequence.
4) Many people don't want oil shale due to water issue, earthquake and lack of transparency, even there are some people celebrated that OPEC killed oil shale in the US.
Do you think that we could save oil shale?
It could be done via government subsidies so there is 2 choice - more debt, deficit or less debt deficit. If government decide to subsidize the oil shale, such as add $50 per barrel on top of $27 per barrel to make $77 per barrel so for less to no deficit/debt, it means US customers have to pay high gas price to cover the subsidies, such as add $2 on top of $1.50 gas price to make $3.50. For more deficit/debt, government give a lot of money to subsidize and we don't pay at all.
I know many people don't want to pay more for gas price, but we can't let OPEC to defeat us, so I want US to dominate the oil market, that will be good for our country.
http://money.cnn.com/2016/01/14/investing/oil-bailout-us-washington/
I don't support incentives that lead to high gas price, but I'm just curious and learn about how oil works.
Please discuss about related to oil shale, not otherwise and no political bashing allowed.