A fix for high oil prices and the defecit?

[uscitizen]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

 

[CrusaderFrank]

No, EnviroMarxists insist that oil is the one commodity impervious to the basic laws of supply and demand.

 

[spectrumc01]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

Check out the poll

 

[uscitizen]

Poll?

also should not the govt be involved in oil since it is an issue of national security?

 

[spectrumc01]

Poll?

also should not the govt be involved in oil since it is an issue of national security?

absolutely. Nationalizing is the only answer.

 

[code1211]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

The leases are granted but the right to drill on the leased land is not.

Will the government grant itself the right to drill when it has denied that right to the oil companies?

Shell May Seek Alaskan Oil Leases Extension After Permits Delay - Bloomberg

Shell May Seek Alaskan Oil Leases Extension After Permits Delay
By Katarzyna Klimasinska and Eduard Gismatullin - Feb 3, 2011 5:12 PM ET
inShare.0More
Business ExchangeBuzz up!DiggPrint Email .Royal Dutch Shell Plc, Europe’s largest oil company, said it may ask the U.S. to extend leases off the Alaska coast beyond 2015 after delays in issuing permits forced the company to put off drilling until next year.

 

[code1211]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

The government is the entity that is preventing drilling. You're acting like the kidnap victim who thinks the kidnapper is her friend.

 

[dilloduck]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

Where does the government keep all it's drilling rigs ?

 

[Ernie S.]

Absofuckinglutely not!!! If the government got in the oil business, they would be in competition with private sector business. Put that kind of power in the hands of government and it 2 years only the government would still be in the oil business and 6 months later gasoline would cost a hundred dollars a gallon and they'd still be loosing money.

 

[uscitizen]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

The leases are granted but the right to drill on the leased land is not.

Will the government grant itself the right to drill when it has denied that right to the oil companies?

Shell May Seek Alaskan Oil Leases Extension After Permits Delay - Bloomberg

Shell May Seek Alaskan Oil Leases Extension After Permits Delay
By Katarzyna Klimasinska and Eduard Gismatullin - Feb 3, 2011 5:12 PM ET
inShare.0More
Business ExchangeBuzz up!DiggPrint Email .Royal Dutch Shell Plc, Europe’s largest oil company, said it may ask the U.S. to extend leases off the Alaska coast beyond 2015 after delays in issuing permits forced the company to put off drilling until next year.

Do not be so selective in you articles, there are many oil leases just sitting there ready to drill that are not being drilled.
Remember Alaska and Exxon? Do a google and educate yourself.

 

[uscitizen]

Absofuckinglutely not!!! If the government got in the oil business, they would be in competition with private sector business. Put that kind of power in the hands of government and it 2 years only the government would still be in the oil business and 6 months later gasoline would cost a hundred dollars a gallon and they'd still be loosing money.

Wrongo, we are in a global oil market.

 

[uscitizen]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

Where does the government keep all it's drilling rigs ?

The same places oil companies do. Many oil companies actually lease the rig and crew.
Who did the rig in the Gulf belong to that spilled all the oil?
Not BP.

 

[rdean]

No, EnviroMarxists insist that oil is the one commodity impervious to the basic laws of supply and demand.

Link?

Of course not. You never do. I was just kidding.

 

[Baruch Menachem]

Companies lease large quantities of land for exploration. Much of the land under lease that hasn't been drilled yet has been deemed uneconomic. That is, the cost of extraction is greater than the value of the minerals extracted.

So your proposal is to have the government pay 1.05 for oil worth 95 cents.

Over time, as the price of oil moves, or the technology moves, oil that was not feasible yesterday becomes feasible tomorrow.

I don't believe it is wise to pay extra for lower value and have the government do the stupid.

 

[Ernie S.]

Absofuckinglutely not!!! If the government got in the oil business, they would be in competition with private sector business. Put that kind of power in the hands of government and it 2 years only the government would still be in the oil business and 6 months later gasoline would cost a hundred dollars a gallon and they'd still be loosing money.

Wrongo, we are in a global oil market.

What's to stop the government from stopping oil imports? They've got airplanes, tanks, bombs and shit.

 

[Mr. H.]

Should our govt drill the oil leases that the oil companies do not?

Produce oil to increase supply and lower oil prices and use the profit to pay against the debt.
It would also create jobs.

I'm sure the government would be more than capable of drilling unpromising or worthless acreage.
They're experts at wasting money.

Poll?

also should not the govt be involved in oil since it is an issue of national security?

This is precisely why the government should get the fuck out of the way and let the experts do their job.

 

[FA_Q2]

Absofuckinglutely not!!! If the government got in the oil business, they would be in competition with private sector business. Put that kind of power in the hands of government and it 2 years only the government would still be in the oil business and 6 months later gasoline would cost a hundred dollars a gallon and they'd still be loosing money.

Wrongo, we are in a global oil market.

What's to stop the government from stopping oil imports? They've got airplanes, tanks, bombs and shit.

Most idiotic post of the month or did I miss the winner already…..

 

[Ernie S.]

Wrongo, we are in a global oil market.

What's to stop the government from stopping oil imports? They've got airplanes, tanks, bombs and shit.

Most idiotic post of the month or did I miss the winner already…..

Why thank you. Coming from you, I consider it a compliment.
I was trying to carry it to the absurd.
It's a real bad idea to put the government in competition to the businesses it has the power to regulate.
Government has no real incentive to earn a profit and could use regulatory power to destroy the oil corporations who actually have the expertise, equipment and experience to run oil companies.

 

[uscitizen]

Companies lease large quantities of land for exploration. Much of the land under lease that hasn't been drilled yet has been deemed uneconomic. That is, the cost of extraction is greater than the value of the minerals extracted.

So your proposal is to have the government pay 1.05 for oil worth 95 cents.

Over time, as the price of oil moves, or the technology moves, oil that was not feasible yesterday becomes feasible tomorrow.

I don't believe it is wise to pay extra for lower value and have the government do the stupid.

Well why did Exon sue alaska to keep them from reletting leases that exon had been sitting on for many years?
Your post is true in some cases, but only some not all.

 

[uscitizen]

Six months later gas would cost 100 a gallon, bomb to prevent imports, etc.

Man you need to think a little bit.