What benefit would Utah/USA receive by selling this oil overseas? Wouldn't
it be better to keep the oil for ourselves and use it when the next embargo
I hope we (Utahns) are not so foolish that we sell our birthright (Utah natural
resources) to others outside the state. Let's have Utah companies do the
Utah drilling and keep the jobs and money right here in our state. This is not
a hard one to figure out what is best for Utah. Eastonia . . . work in your own
neighborhood. Thanks for the offer, but No Thanks.
RCSDoes Halliburton have a head office in SLC, or what about
Newfield Production who is the largest oil producer in Utah. Neither of these
firms are based out of Utah yet they employee thousands locally.If
this company can withdraw the oil without using water they should be given the
chance. There are enough checks and balances in place that it makes it nearly
impossible to get a new company in the industry off the ground.More
power to them and the infrastructure it will bring to the Uintah Basin.
Sorry, folks, keeping our resources here in Utah is not a good idea. Just how
much coal can we use here? Or shale oil? Or whatever. The free
market will allow commodities to flow where there is the greatest demand and
highest price. We can take the money from that and buy commodities we need, but
do not have, in Utah.Kind of like we make a lot more electricity
than we need, and sell it to the folks in California who don't like smelly
old electric generating plants in their neighborhood. We should be charging
them a LOT more for the electricity!
Utah charges the least amount of royalty taxes (by far) than the other Rocky
Mountain states, so this oil wouldn't benefit us that much until they (the
GOP) quit giving our natural resources away.
Utah's severance tax on oil is 5%; ND is 12%; Alaska takes 25%. What is
motivating our legislators to enrich Estonians by letting them take our
resources for next to nothing?
"What benefit would Utah/USA receive by selling this oil overseas?
Wouldn't it be better to keep the oil for ourselves and use it when the
next embargo takes place?"Not according to the free market! The
free market demands that we sell our resources to the highest bidder!And the way our tax system here in Utah heavily favors businesses, we the
people won't see any benefit. Just a few legislators who will be bought off
my this company.Any wonder why our country is in the state that
it's in? We value the free market and corrupt politics more than our own
country and natural resources. We are quickly becoming a third world country. A
country to be pillaged for its people and resources.Can anyone stop
this train from going over this cliff?
The State of Utah should mine and refine this resource and sell it in state at a
reasonable profit markup, which will probably be less than current gas prices.
This will create competition that will force other gas companies to either lower
the price of their product or leave. The profits of this State owned/operated
refinery could then be used to help finance building and repair of state
infrastructure projects.Gas is sold on the world market. The reason
for the keystone pipeline is to get the tar sands oil from Canada to a port so
that it can be sold and shipped to the world, ie. China. They had tried to get
a pipeline built in Canada to ports in British Columbia, but the Canadian people
would not allow it. When the pipeline ruptures polluting the waters of a
primary source of potable water, we'll understand why the Canadian's
did not permit it.Keystone pipeline is presented to the US people as
a jobs builder, It is only going to make the Koch Brothers more money. And when
the inevitable accident happens, US taxpayers will be charged for the clean up.
Not a bad article. Good to see some positive exposure for Enefit. But this company's project in Utah has a lot going for it: little water
usage, project is mostly on private land, 30+ years of experience with shale, no
fracking (though fracking is not a big issue with Utah geology and depth of the
resource), and the company reps are doing a good job of informing the public of
their plans. The article did not mention, and probably should have,
that Brazil has an active oil shale processing plant, decent size, that has been
running for a few years. It is not like there is no proven technology to make
this a successful project. Both Enefit and Brazil are enjoying successes.
Jim, I predict that both the keystone XL and Northern Gateway pipeline to prince
rupert will be built. It will take a while, but economic pressures will prevail.
To The Real Mavrick:re: "Any wonder why our country is in the
state that it's in?"No need to wonder. Pro-business states
like Utah are a rare exception in an increasingly "hostile-to-business"
country. Most of the largest states economically (CA, NJ, IL, MA, PA, NY, etc.
have, for the past 60 years, turned increasingly liberal and hostile to
business. If more states were like UT, TX and (to a degree) FL, this country
would be doing just fine. Instead we jack up taxes, make it expensive to hire
and retain employees, then hand out increasing welfare benefits to those at the
bottom of the economic ladder who have been put out of work by these insane
economic and tax policies. Ironically, it is mostly the low-value-added
laborers that the high taxes, high mandated benefits and high regulation put out
of work. So the libs continue to create a death spiral for businesses that
hurts the poor and under-educated the most, then want to blame the other side
for the problems.The best way to solve our problems is to get people
back to work. That will require more business friendly policies...
I'm good with this as long as the top 50 executives of Enefit will move,
with their families, to the Utah land they will mine and live there for at least
three generations. Then, I will trust what they say.
Keystone XL is designed to move oil across the US, to the Gulf, where it can be
sold at higher prices on the world spot market.Thank God Utah
doesn't have its grimy fingers on more of our public lands, else it'd
all be sold to developers and land scrapers.
How is it that a Utah company didn't come up with this? I've also
read that a Canadian company has developed such technology.
Perhaps Estonia can just make something up, such as;Utah is hiding
Weapons of Mass Destruction,or We are secretly training
terrorists.Then they can invade us, and just take it.
Didn't Brother Brigham mention something about digging for riches?Strip mines are beautiful, and carman is essentially saying if we
don't "give it away" to corporations (corporate welfare) then
we'll have to give welfare to the employees of said company so that the
executives and shareholders can continue to see record profits, while having the
government subsidize there businesses, poor business model. (walmart model)Why were the fifties so great? 50% corporate taxes forced business to
pay employees better and reinvest to keep it from being taxed, but then the
conservatives with reagan thought those good business men would do this if we
let them keep more profit. They were completely wrong.
Those of you who think that the oil will be shipped outside the US are ignorant.
In Utah, most of the oil that we used is produced in Utah or nearby in the
surrounding states. We are too far from the coasts to import/export the oil.If you have a hard time with allowing a foreign company to come in and
extract the oil, ask yourself if you have a hard time Toyota, Lexus, Honda,
Accura, BMW, Porsche, Ferrari, Audi, Fiat, Mini, or any of the other foreign
owned car companies?
Once again well to do environmentalist are backing our country into screw the
working poor, we have a trust fund.