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China says willing to help Iraq in any way it can
Yahoo ^ | 06/13/2014 | Reuters

Posted on 06/13/2014 9:55:23 AM PDT by Rusty0604

China said on Friday that it was watching security developments in Iraq closely after Islamist fighters captured two more towns in a sweep south, and offered the government in Baghdad whatever help it can give.

China is the top foreign player in Iraq's oilfields, which are the largest in the Middle East open to foreign investment, and has a natural interest in the country's stability.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Foreign Affairs
KEYWORDS:

1 posted on 06/13/2014 9:55:23 AM PDT by Rusty0604
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To: Rusty0604

Another good reason to increase our Fracking Oil production, bring in the pipelines from Canada, and to build new refineries.

That is the real road to energy freedom not the green bs stuff.


2 posted on 06/13/2014 9:57:37 AM PDT by Grampa Dave ( Herr Obozo, the WonDoer, will not divert resources from his war on Americans to help our Veterans!)
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To: Rusty0604

Vacuums always fill.


3 posted on 06/13/2014 9:58:36 AM PDT by onedoug
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To: Grampa Dave

I strongly agree. We need to put Americans to work taking care of our energy needs, and they’ll be cutting cost for the poor and making investors wealthier. It’s such a win win that only Luddite Greens can oppose it.


4 posted on 06/13/2014 9:59:44 AM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: Rusty0604
How wonderful, we toppled Saddam for China's interests.
Well, go for It China. And GL.
5 posted on 06/13/2014 9:59:54 AM PDT by MaxMax (Pay Attention and you'll be pissed off too! FIRE BOEHNER, NOW!)
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To: onedoug

Someone wants free oil..


6 posted on 06/13/2014 10:00:11 AM PDT by Dog (Founding member of the Osama Bin Laden was alive the whole time club..)
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To: Grampa Dave
Another good reason to increase our Fracking Oil production, bring in the pipelines from Canada, and to build new refineries.

So we can increase our oil exports even more than we have been?

7 posted on 06/13/2014 10:01:09 AM PDT by DoodleDawg
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To: Rusty0604

I guess they could start with 100,000 troops and all the support they need, to squash these bugs.


8 posted on 06/13/2014 10:01:58 AM PDT by grobdriver (Where is Wilson Blair when you need him?)
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To: Dog

They can spare a few million soldiers. Go for it, China. Take out all the jihadis, green up the desert, and your soldiers can take Arabian women for wives.


9 posted on 06/13/2014 10:02:54 AM PDT by txhurl (2014: Stunned Voters do Stunning Things!)
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To: Grampa Dave

Domestic production satisfies 84% of total U.S. energy demand in 2013

http://www.eia.gov/todayinenergy/detail.cfm?id=16511


10 posted on 06/13/2014 10:04:16 AM PDT by EBH (And the head wound was healed, and Gog became man.)
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To: elhombrelibre

Thanks for your reply. Our oil companies, refineries and pipelines have been silently winning the war against the anti American Enviro terrorists, the Opecker Princes, and the Islamic Serial Killing Terrorists.

Most Americans are not aware of this daily victory:

http://www.freerepublic.com/focus/f-news/3167336/posts

One billion dollars every single day.

That is the rough measure of the benefit the U.S. economy is estimated to receive by the end of this year thanks to the development of new supplies of oil and natural gas, according to a new analysis.

USA Today reported recently about a Merrill Lynch study that seeks to quantify just how much the new supplies of natural gas and oil from unconventional sources like shale – not to mention offshore production in the Gulf of Mexico – are adding to U.S. economic output.

The story notes that Merrill Lynch claims raw gains from domestic energy supplies were $900 million per day in April – a 1,300 percent increase from $70 million per day in January 2010. By the end of 2012, Merrill Lynch expects the daily gains from domestic supplies to be over $1 billion.

Unfortunately the report is not online, which is too bad because the authors provide valuable detail about what they see as the great economic contribution of the current energy revolution. They peg that contribution at 2.2 percent of U.S. gross domestic product – an astounding figure in a $15 trillion economy.

Opportunity for a new industrial revolution

Another way to look at how new production of oil and gas from unconventional sources like shale is transforming our economy comes from Clay Jenkinson, a scholar at Dickinson State University in North Dakota.

In a series of columns for the Bismarck Tribune, Jenkinson describes a tour of the Bakken oil fields he took to see how the latest drilling technology works and what it all means for his home state.

After noting that it wasn’t all that long ago in human history that mankind had mastered fire, he marvels:

Today, a guy with a joystick can direct steel well pipe 12,000 feet into the earth, and then TURN a 90 degree corner (with stiff steel pipe), so that, with the same joystick, he can feel his way to a 3-15 foot vein of oil bearing shale thousands of feet away from the turn. Think about this for a moment. We can send down a straw more than two miles into the earth, through some very dense and unyielding formations, and then turn a corner and wander laterally until we reach an exceedingly narrow formation that the entire population of North Dakota could never reach with shovels if they did nothing else for the rest of their lives.

Given that this technology is just beginning to unlock the state’s vast resources – perhaps 12-20 billion barrels (or 60 years’ worth) of recoverable oil in western North Dakota – Jenkinson dismisses the idea of a regional “oil boom.” That term is inadequate. “It’s an industrial revolution.”

The series explores why Jenkinson thinks Bakken oil could be “one of the greatest gifts that ever came to the people of North Dakota”—but only if managed properly in a way that protects the environment and respects the sentiments of residents. Done correctly, he posits, North Dakota can become “a model of enlightened twenty-first century development.”

It’s an engrossing and worthwhile series that ably treats the entire range of environmental, economic, and cultural issues surrounding domestic energy production in 21st century America.

TOPICS: Business/Economy; Click to Add Topic
KEYWORDS: energy; gas; naturalgas; oil; Click to Add Keyword
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1 posted on 6/13/2014 9:30:58 AM by ckilmer
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To: thackney; bestintxas; Kennard; nuke rocketeer; crusty old prospector
according to the article 1 billion dollars a day is added to the economy by the fracking boom. This has been my rough estimate for awhile now. ((I’ve figured the fracking boom was adding roughly 400 billion to the economy.

However, note the date on the article its August 17, 2012.

Almost two years has gone by since this article was written.

So fracking is adding considerably more to the economy by now.

The USA is entering an exceedingly sweet spot.

Normally higher oil prices would throttle the US economy. This time however, higher oil prices will benefit one part of the US economy while hurting another part of the USA economy.

Well if oil prices go too high they will kill demand for oil. Its hard to know where that price point is.

2 posted on 6/13/2014 9:38:39 AM by ckilmer (q)
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To: ckilmer
As long as the access exists, on private lands, the high prices will continue to drive investment into producing more oil, helping tamp growth in oil prices.

Politics alone, without other influences, could stop it such as an EPA ban of hydraulic fracturing.

3 posted on 6/13/2014 9:42:01 AM by thackney (life is fragile, handle with prayer)
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To: ckilmer
That’s great.
How many billions are exiting the US economy every single day?

4 posted on 6/13/2014 9:44:49 AM by Lorianne (fedgov, taxporkmoney)
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To: ckilmer
B0 DunhamSoetoroSoebarkah will claim all the credit, while doing everything to obstruct production.

In a similar way Slick Clinton claimed credit for an economy that had already recovered before he got elected, and went bust before he left office.

Oh yeah, BJ and Algore invented the internet.

The general public will believe the biggest whoppers.

5 posted on 6/13/2014 9:45:41 AM by Zuse (I am disrupted! I am offended! I am insulted! I am outraged!)
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To: ckilmer
Drill for all of it, and export all of it. Americans can’t afford it, so why sell it here. The only reason for this boom is the high futures prices for crude. Oil sands and fracking are a money loser at less than a hundred dollars a barrel. In the mean time, we’re sitting on a shitload of coal that can be mined and converted into fuel and valuable industrial products, worth far more than any oil and natural gas reserves, and our illustrious government at the behest of their crony masters, has cut the coal industry off at the knees. Anybody who’s stayed awake in chemistry class knows what products you can get from coal. It’s one of the largest untapped reserves of energy that we have at our disposal. Another is the methane hydrates in the waters off of our coasts, literally natural gas trapped in ice, ripe for the picking for those who develop the means to harvest it.


11 posted on 06/13/2014 10:04:16 AM PDT by Grampa Dave ( Herr Obozo, the WonDoer, will not divert resources from his war on Americans to help our Veterans!)
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To: Rusty0604

In a some ways I’d love to watch China step in and dip their toe in that Middle East cesspool. Try reasoning with a bunch of terrorists who are immune to reason. Let them give it a shot and see where it gets them. They made the deals with al-Maliki for the oil, let’s see them try and keep the flow going.


12 posted on 06/13/2014 10:04:25 AM PDT by DoodleDawg
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To: txhurl
and your soldiers can take Arabian women for wives . . .

. . . and even do it in the Koranic way.

13 posted on 06/13/2014 10:04:45 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: EBH

Thanks for your link and info.

If we make the anti America Envirals, unwelcome scum bags, they will have to move to the Middle East to live.

Great news!: Domestic production satisfies 84% of total U.S. energy demand in 2013

http://www.eia.gov/todayinenergy/detail.cfm?id=16511


14 posted on 06/13/2014 10:06:10 AM PDT by Grampa Dave ( Herr Obozo, the WonDoer, will not divert resources from his war on Americans to help our Veterans!)
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To: txhurl

Yea, they have to send their men overseas to find wives so that would work.


15 posted on 06/13/2014 10:06:39 AM PDT by Rusty0604
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To: Grampa Dave

Obama likes to brag about increased oil production. The truth is that the private sector has increased production in spite of Obama, not because of him.


16 posted on 06/13/2014 10:09:00 AM PDT by Rusty0604
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To: Vigilanteman

Breed the Arabs right out of their countries.


17 posted on 06/13/2014 10:10:28 AM PDT by txhurl (2014: Stunned Voters do Stunning Things!)
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To: Rusty0604

That’s so true and so typical of Obama that he takes credit for things he tries to stop and continues to mess up and slow the progress of Americans who are actually fixing our energy problems.


18 posted on 06/13/2014 10:26:31 AM PDT by elhombrelibre (Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
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To: elhombrelibre

Now wait a minute, what would be the spawn of Chinese and Muslims? Chums? Minks?


19 posted on 06/13/2014 10:44:35 AM PDT by SgtHooper (This is not my tag!)
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To: SgtHooper

Chinlims


20 posted on 06/13/2014 10:51:12 AM PDT by Bobalu (What cannot be programmed cannot be physics)
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To: DoodleDawg

ChiComs aren’t known for their excessive humanity, Mao having bumped off about 60,000,000 Chinese.


21 posted on 06/13/2014 10:55:52 AM PDT by libstripper
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To: libstripper
ChiComs aren’t known for their excessive humanity, Mao having bumped off about 60,000,000 Chinese.

Nor are they known for their diplomatic skills. About all China could do in Iraq is make things worse and demonstrate that they're a bit of a paper tiger.

22 posted on 06/13/2014 10:57:42 AM PDT by DoodleDawg
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To: Rusty0604

“Obama likes to brag about increased oil production. The truth is that the private sector has increased production in spite of Obama, not because of him.”

Bingo! If Obama and the green thugs in his cabinet and outhouse had their way, we would have negatives re production of oil.


23 posted on 06/13/2014 1:37:41 PM PDT by Grampa Dave ( Herr Obozo, the WonDoer, will not divert resources from his war on Americans to help our Veterans!)
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To: DoodleDawg

US Crude Oil Exports Hit A 15-Year High | The Daily Caller
dailycaller.com/2014/.../us-crude-oil-exports-hit-a-15-year high...

The Daily Caller
May 30, 2014 - Government estimates show that U.S. oil exports reached a 15-year ... is on the verge of a boom on March 23, 2014 near McKittrick, California.


24 posted on 06/13/2014 1:42:18 PM PDT by Grampa Dave ( Herr Obozo, the WonDoer, will not divert resources from his war on Americans to help our Veterans!)
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To: Rusty0604

“Blood for oil.” It works for China.


25 posted on 06/14/2014 12:25:54 AM PDT by clearcarbon
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