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

Discussion in 'Economy' started by wihosa, Jul 2, 2008.

  1. wihosa
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    wihosa VIP Member

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    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!
     
  2. Jeepers
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    Jeepers Senior Member

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    Drill on current leases.. congress should make it manditory to do so or they forfeit the leases...
     
  3. btopping
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    btopping Bob (Robert) Topping

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    I wonder - should I invest in oil - supply and demand!
     
  4. Jeepers
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    Jeepers Senior Member

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    Neither.. there isnt a shortage and demand has been nothing but an investment bubble.... run forest run away from any thoughts of investment here....
     
  5. editec
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    editec Mr. Forgot-it-All

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    I know I am investing BIGTIME in energy futures.

    I filled up my gas tank yesterday.
     
  6. AveMaria58
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    AveMaria58 Rookie

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    Too much pollution. The planet is crying, we need new energy as soon as possible
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    I agree, but until then we need more oil. Unless of course you want a repeat of the great depression.
     
  8. editec
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    editec Mr. Forgot-it-All

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    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.
     
  9. jreeves
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    jreeves Senior Member

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    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.
     
  10. Charles_Main
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    Charles_Main AR15 Owner

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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.
     

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