Oil Drilling - re-investment in last century's technology

As to be expected, those who are getting rich on the manipulation of oil prices are trying to stampede the American people into foolishly re-investing in last century's technology. The internal combustion engine is relic of the past.

Our future is in electric vehicles. Wise investments recognize the direction of technological development. Opening more federal lands to oil drilling will not bring oil prices down as the rising costs have nothing to do with supply and demand, but rather the realization on the part of oil companies that technology is now prepared to move into the future with electric cars. Soon the value of oil is going to crash because of the fact that electric cars are coming on regardless of the attempts of the oil cabal to prevent this advance.

Oil companies have been waiting for this moment (of pervcieved shortage). While they have us panicked by the spike in oil prices and suppossed shortage they will push to open up more oil fields and double down on our investment in past technology. If we allow more of the American People's land to be exploited (without fair compensation by the way), we will only delay the day at which we throw off the yoke of the oil companies and their easy money days.

I don't know about you but I am sick and tired of over paying for energy. Inexpensive and plentiful energy are ours if we invest in the technologies of the 21st century.

Say no to oil drilling. Say yes to investments of the future.

The future is now!

Drill on current leases.. congress should make it manditory to do so or they forfeit the leases...

I wonder - should I invest in oil - supply and demand!

Neither.. there isnt a shortage and demand has been nothing but an investment bubble.... run forest run away from any thoughts of investment here....

I know I am investing BIGTIME in energy futures.

I filled up my gas tank yesterday.

Too much pollution. The planet is crying, we need new energy as soon as possible

I agree, but until then we need more oil. Unless of course you want a repeat of the great depression.

Charles there is no way in hell that drilling today will solve today's economic problems.

If you're counting on ANWR to save the economy you are in for a big shock.

Lmao....

Drilling won't help the economy......
There is a perceived world oil shortage why not drill?
Develop the oil shale in the Rockies, there is a potential of 800 billion barrels of oil in the Rockies. You don't think that will change the economy? That's 3 times more oil than Saudi Arabia's oil reserves.


Also, our government must stop spending more money than it has, its killing the dollar.

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I am not, I am counting on it to save the economy of the future, along with of course eventually getting away from oil all together.

I keep asking these people that insist electric is the wave of the future to explain where THEY think electric power comes from. Most of it comes from coal and oil powered plants.

So again explain how we "save" oil by converting to electric?

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Sorry to hear about your ass falling off. I'd get that checked if I were you

Not to solve the problem of oil pricing, today, no, it won't.

You just answered your own question. "perceived wrold oil shortage"

Here's a head's up...nobody is stopping them from doing so except the bean counters.

It is not economically feasible to recover that oil.


Yes, so we're told. Sadly the oil is impregrated in solid rock and the cost of recovery make that solution impractical.


Grand idea. Why hasn't anyone else ever thought of that?

Obama said that we should bring in alternate technologies and there is a way to do so that energy companies are not left out on the inevitable profits. Seems fair, and would allay the main concern of the dominating conglomerates...losing all that money they are fleecing us for.

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Luminous Beings Are We.

We don't have a free market in the energy industry. Everybody knows that. We give a trillion a year in subsidies, direct and indirect subsidies, to oil, and somewhere near a trillion dollars to coal. Nuclear energy is also highly subsidized. If we had a real free market that does what a market is supposed to do, which is to reward good behavior and punish bad behavior and inefficiency, wind, solar, geothermal and tidal would easily triumph in the marketplace. You would see them immediately taking over the marketplace. The biggest impediment is these huge subsidies we're pouring into incumbents.

We save oil by driving fuel efficient cars, producing ethanol on algae farms, and by developing solar and wind power. The technology is there. The time to move is NOW.