Panama Canal Expansion

[Windigo]

your being myopic again.

naw.... just know how expensive it is to get that oil out of the ground and how much water its going to take

[airboy]

naw.... just know how expensive it is to get that oil out of the ground and how much water its going to take

Valid point.  Hydrolic Fracking is more expensive than conventional drilling.  But the water does not have to be "pure drinking water" to work.  The economics totally depend on the price of oil.  High price of oil - makes the break-even work very well.  Low price of oil - does not get drilled.

[GDS_Starfury]

and if China needs to import more and more oil we can use that to our advantage the same way they get minerals from Africa for construction projects.  need another million barrels?  ok, apply the cost to our dept plus 4%.

[LongBlade]

naw.... just know how expensive it is to get that oil out of the ground and how much water its going to take

Valid point.  Hydrolic Fracking is more expensive than conventional drilling.  But the water does not have to be "pure drinking water" to work.  The economics totally depend on the price of oil.  High price of oil - makes the break-even work very well.  Low price of oil - does not get drilled.

Oil prices are also tied to political stability.

Who's willing to bet that tensions are going to ease between the west and, say, Syria, Iran, and the various radicals over there? The political will to uncouple our energy supply from the cesspool of radicals is more than enough to encourage private and public interest in fracking's success.

[GDS_Starfury]

what most people miss is that Iran and Syria supply almost no oil to the west.  we're linked to mid east oil because of the Orient and Europe.

[LongBlade]

what most people miss is that Iran and Syria supply almost no oil to the west. 

Oh I know.

However, when things get kinetic over there it doesn't matter how much oil they directly control - only how much oil logistics they can disrupt.

[GDS_Starfury]

I think the perceived threat is far greater then reality.  if push came to shove I think it would take maybe 48 hours to remove Irans ability to dick around in the Gulf for the next 15 years.  part of me thinks the week of stock market bs might be worth it in the long run.

[Windigo]

naw.... just know how expensive it is to get that oil out of the ground and how much water its going to take

Valid point.  Hydrolic Fracking is more expensive than conventional drilling.  But the water does not have to be "pure drinking water" to work.  The economics totally depend on the price of oil.  High price of oil - makes the break-even work very well.  Low price of oil - does not get drilled.

you really didn't mean to say that did you??? (The economics totally depend on the price of oil.   :o :o :o :o      8)  kinda like saying gravity works (heh)

there are many things on the cost side of the ledger, that change as a well matures... e.g., there are reports that the north dakota plays are peaking quicker than anticipated and requiring addition services to keep them economical - and never underestimate people's ability to kill the golden goose (social factors)

[GDS_Starfury]

then perhaps you should draft a white paper detailing all the problems and your solutions and send in your resume.

[LongBlade]

then perhaps you should draft a white paper detailing all the problems and your solutions and send in your resume.

I'm starting to work up a list that Windy's an expert in.

• Psychiatry: http://grogheads.com/forums/index.php?topic=4988.msg206014#msg206014
• Aviation engineering: http://grogheads.com/forums/index.php?topic=4824.msg205657#msg205657
• Combat Optics: http://grogheads.com/forums/index.php?topic=4824.msg206009#msg206009
• Sociology: http://grogheads.com/forums/index.php?topic=8174.msg204953#msg204953
• Satellite-based communications: http://grogheads.com/forums/index.php?topic=8194.msg204625#msg204625
• Disaster Planning: http://grogheads.com/forums/index.php?topic=8194.msg205196#msg205196
• Disaster Recovery: http://grogheads.com/forums/index.php?topic=8194.msg205341#msg205341

That doesn't even include his unrivaled position as the World's Leading Expert on Anthropogenic Global Warming.

We don't know how lucky we are to have him here.

[Windigo]

then perhaps you should draft a white paper detailing all the problems and your solutions and send in your resume.

I'm starting to work up a list that Windy's an expert in.

• Psychiatry: http://grogheads.com/forums/index.php?topic=4988.msg206014#msg206014
• Aviation engineering: http://grogheads.com/forums/index.php?topic=4824.msg205657#msg205657
• Combat Optics: http://grogheads.com/forums/index.php?topic=4824.msg206009#msg206009
• Sociology: http://grogheads.com/forums/index.php?topic=8174.msg204953#msg204953
• Satellite-based communications: http://grogheads.com/forums/index.php?topic=8194.msg204625#msg204625
• Disaster Planning: http://grogheads.com/forums/index.php?topic=8194.msg205196#msg205196
• Disaster Recovery: http://grogheads.com/forums/index.php?topic=8194.msg205341#msg205341

That doesn't even include his unrivaled position as the World's Leading Expert on Anthropogenic Global Warming.

We don't know how lucky we are to have him here.

.... even dripped in sarcasm, its still a compliment - thank you; it's a blessing when one's career path has been has been wide and varied and taken me places where you need to know that stuff

[LongBlade]

I'm sure I missed a couple dozen other areas. I only spent about two minutes compiling that list. My apology for any omissions.

[Windigo]

I'm sure I missed a couple dozen other areas. I only spent about two minutes compiling that list. My apology for any omissions.

well at least you've managed to hit some of the cooler ones....

[airboy]

naw.... just know how expensive it is to get that oil out of the ground and how much water its going to take

Valid point.  Hydrolic Fracking is more expensive than conventional drilling.  But the water does not have to be "pure drinking water" to work.  The economics totally depend on the price of oil.  High price of oil - makes the break-even work very well.  Low price of oil - does not get drilled.

you really didn't mean to say that did you??? (The economics totally depend on the price of oil.   :o :o :o :o      8)  kinda like saying gravity works (heh)

there are many things on the cost side of the ledger, that change as a well matures... e.g., there are reports that the north dakota plays are peaking quicker than anticipated and requiring addition services to keep them economical - and never underestimate people's ability to kill the golden goose (social factors)

Actually I meant to say it and still do.  People forget about the law of supply and demand all of the time.  Just like Obama and the Dems forgot that when the incentives to get insurance are high (i.e. you are sick or need lots of health care) you rush to get subsidized insurance.  But if you are well & healthy (say almost all under 30), then the incentive to buy health insurance is very low. 

Or "cash for clunkers" will be a disaster which only shifts people's buying habits by a few months and takes lots of useful capital (functioning old cars) and destroys them.  This costs the government a ton of money (only the worst cars will be destroyed) for minimum benefit (people still only buy when they think its a good deal).

Or that 7% growth rates are long term sustainable even as the size of the economic base gets bigger and bigger (China).

This is not to say I'm right in my forecasts.  But in economics and business I can usually spot the general incentives and understand when the predictions are just nuts.

[Mr. Bigglesworth]

I'm sure I missed a couple dozen other areas. I only spent about two minutes compiling that list. My apology for any omissions.

well at least you've managed to hit some of the cooler ones....

Everyone should have such broad interests.