Results 101 to 125 of 151
Thread: FUCK YOU BP
-
08-08-2006, 09:42 PM #101rain
- Join Date
- Dec 2005
- Location
- Republik Indonesia
- Posts
- 7,289
Originally Posted by HotDiggity
-
08-08-2006, 09:43 PM #102rain
- Join Date
- Dec 2005
- Location
- Republik Indonesia
- Posts
- 7,289
Originally Posted by DougW
-
08-08-2006, 10:10 PM #103Registered User
- Join Date
- Oct 2003
- Posts
- 8,887
Originally Posted by P_McPoser
BP has a 26 percent stake in the Prudhoe Bay field, meaning its own production would be cut by 100,000 barrels a day, or around 2.5 percent of the company’s worldwide production, said spokesman David Nicholas.
I doubt it was a conspiracy; it is clear BP didn't care much about maintenance (declining production, just millk it). It's also clear that in the face of rising oil prices, with the potential of permanently high oil prices, that deferral isn't terribly costly to them.Last edited by cj001f; 08-08-2006 at 10:15 PM.
Elvis has left the building
-
08-08-2006, 10:13 PM #104
At first I thought I had done something to piss off MBS... glad it was just a gas price rant.
-
08-08-2006, 10:14 PM #105Originally Posted by nutcase
-
08-08-2006, 10:20 PM #106Originally Posted by P_McPoser
-
08-08-2006, 10:21 PM #107Originally Posted by johnnya[This Space For Rent]
-
08-08-2006, 10:25 PM #108Registered User
- Join Date
- Oct 2003
- Posts
- 8,887
Originally Posted by SkiingBear
http://www.usatoday.com/money/indust...ine-usat_x.htm
They hadn't for the previous 14 years because the engineers thought their 'model' was sufficent (or more probably, management told the engineers the model was good enough). No, I doubt it's simple. Nor is it cheap.Elvis has left the building
-
08-08-2006, 10:32 PM #109Originally Posted by SkiingBear
-
08-08-2006, 10:32 PM #110
From my dad, who is an engineer with the BLM-Joint Pipeline Office in Alaska (they approve and inspect all dealings with the pipeline):
As Prudhoe Bay is all on private property we don't get involved except at Pump Station 1 and the main pipeline going south from it. The DOT gets generally gets involved in the pipelines carrying the oil from the processing centers to the pump station; the individual lines in the fields carrying oil from the wells to the processing centers are gathering lines and thus are exempt from DOT regulations. Not sure what the state claims jurisdictional over but its a big kick in the state's budget for sure -
So in reality BP didn't do anything wrong, they'll just pump it dry a little later...When life gives you haters, make haterade.
-
08-08-2006, 10:35 PM #111Originally Posted by Alyeska_Skibum
For everyone else, gas prices suck.I should probably change my username to IReallyDon'tTeleMuchAnymoreDave.
-
08-09-2006, 12:03 AM #112Originally Posted by Alyeska_Skibum
it was reported in the NYTimes that the lines hadn't seen a pig since the early 1990s. Is this really true? North Slope used to have the most organized and well maintained facilities in the US. You could eat off the floor of the main facility.
Good luck, and hope they can stagger production up soon.
-DavidLast edited by tetsuma; 08-09-2006 at 12:17 AM.
-
08-09-2006, 12:16 AM #113Originally Posted by cj001f
Penny wise, pound foolish. Oil prices sucked in 1991, they made cheaper choices and now they're loosing $75 per bbl oil. Let's hope shutting that thing in doesn't negatively impact the ultimate recoverable reserves.
In lieu of 400,000 bbls/day of crude supply appearing on the West Coast, the only realy solution is an abrupt drop in demand. that means, DRIVE LESS - it's cheaper than exploration!Last edited by tetsuma; 08-09-2006 at 12:20 AM.
-
08-09-2006, 02:09 AM #114Originally Posted by P_McPoser
For instance
Originally Posted by New Yorker Magazine by James Suroweicki
...And if Washington wants a scapegoat it might take a look at itself. By not vetting mergers more carefully, government regulators allowed many refiners to achieve “market power” (the ability to influence the market price of what they sell), and other regulators enhanced that power by mandating gasoline standards without considering competition. High gas prices usually provoke one of two explanations: either they’re evidence of a conspiracy or they’re just the result of the free market at work. The good news is that there’s no conspiracy. The bad news is that there’s also no free market.
-
08-09-2006, 07:41 AM #115rain
- Join Date
- Dec 2005
- Location
- Republik Indonesia
- Posts
- 7,289
Originally Posted by Alkasquawlik
-
08-09-2006, 07:52 AM #116
My work shoe's and planner well stay at my desk. I'm going to be riding to work until the snow falls. 20 miles each way. I have access to company pool cars for "official" business.
In the long run, my legs and lungs will be ready for skiing and cx season.Since then it's been a book you read in reverse, so you understand less as the pages turn.
The things you find on the net.
-
08-09-2006, 07:54 AM #117rain
- Join Date
- Dec 2005
- Location
- Republik Indonesia
- Posts
- 7,289
Originally Posted by HotDiggity
Lastly, a dollar of cash flow today is worth more than a dollar of cash flow a year from now, but with the current rate of crude oil price increases, that might not make a difference in this case.
Anyways, it's a stretch to assume that this was done as a "value added" opportunity. There are far better ways than this to take advantage of "market power."
-
08-09-2006, 08:04 AM #118
-
08-09-2006, 08:13 AM #119Originally Posted by cj001f
Last edited by DougW; 08-09-2006 at 08:16 AM.
-
08-09-2006, 08:32 AM #120Originally Posted by P_McPoser
http://www.nytimes.com/2006/03/20/na...rssnyt&emc=rss
Was anything done to prevent another problem?
I've never been to AK, but we're entrusting these corporations with the well-being of a national treasure, and they are being paid handsomely for their efforts. It may be unrealistic, but it would be nice if they upheld their end of the bargain and made an effort to protect the lands they operate on.
-
08-09-2006, 08:33 AM #121Originally Posted by P_McPoserA lot of people earn their turns. Some just get bigger checks.
-
08-09-2006, 10:51 AM #122Originally Posted by mtbakerskier
My Company
Cathodic Protection on pipelines
But hell, they can only last so long. I doubt when they built it that they said, "hmmm, let's build this to break down at a moment in history when our country is in the Middle East fighting a war and oil prices are very high, thus pissing off a ton of people on gas prices, yeah, let's build it like that guys!"
I do agree this is a crappy situation and it really sucks that people may lose their jobs with what happened/is happening, as I read first hand in an earlier post."boobs just make the world better really" - Woodsy
-
08-09-2006, 12:35 PM #123rain
- Join Date
- Dec 2005
- Location
- Republik Indonesia
- Posts
- 7,289
Originally Posted by Mountain Junkie
How the Big Oil companies' track record is on stuff like this, I don't know. But I bet there are some nice, new school buildings and shit like that near Prudhoe........
-
08-09-2006, 01:04 PM #124Originally Posted by P_McPoser
-
08-09-2006, 01:20 PM #125Originally Posted by P_McPoser
Bookmarks