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Message: <blockquote data-quote="okietool" data-source="post: 1986685" data-attributes="member: 6030">There is a very interesting book on Rockefeller and Standard Oil, titled The Prize. It covers a lot more than just Standard Oil and is pretty intersting stuff. The Prize.<a href="http://en.wikipedia.org/wiki/The_Prize:_The_Epic_Quest_for_Oil,_Money,_and_Power" target="_blank">http://en.wikipedia.org/wiki/The_Prize:_The_Epic_Quest_for_Oil,_Money,_and_Power</a>It was also a mini-series Part 1<a href="http://www.youtube.com/watch?v=Qspu35JG59Q" target="_blank">http://www.youtube.com/watch?v=Qspu35JG59Q</a>Exporter or producer? The date I've heard bandied about is 2014 the US will surpass Saudi Arabia as the world's largest producer.There is a strategy in the oil industry that revolves around is it worth more in the pipeline or in the ground. Right now natural gas in Oklahoma is below break even for my company. I'm sure it's close for other producers as well. There are new regulations coming that may have a profound effect on oil and gas completions and production. They are greenhouse gas emission regualtions that (with technology at it's current level) will really hinder the completion process as we know it. Right now I am in New Mexico, you see a lot of flares because there are producing oil wells that make natural gas that it is not economically feasible to produce (H2S or no transmission lines near by). I do believe that the US is a net exporter of CNG. The big gains Oil & Gas production companies have made are definitely due to technological advances (horizontal drilling being probably the #1 reason). Also Frac technology advances have led to better stimulation of hydrcarbon bearing zones (yup the notorious fracking), Fracing is not a new process, but the scale of frac jobs has grown signifgantly in the last 10 years. Part of the scaling up of the fracs is because we are now fracing 4000' zones instead of 100' (pulled that last number out of my a$$, it's just for clarification). Oil & Gas producer profits are largely because the Oil & Gas industry is a "for profit" business, if you can't make a profit you do not survive. I think the US could help itself a lot if CNG were a more largely accepted and used fuel for motor vehicles. That being said it will never completely replace gasoline or diesel (IMO). Wind energy is definitely on the up swing, but the last time I knew anything about it, it cost you more per kwh. I think it's no secret the EPA and environmental groups are definitely anti-nuclear, I sure wouldn't want a nuclear plant next to my house.I wonder if Exxon is still the world's largest coal owner/producer?EZ Bake, I don't think I gave you anything you wanted, but in my defense, I think the thread was kind of wandering anyway.Hmm the links aren't blue for me any more.</blockquote>

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