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

[jreeves]

I tend to agree with you on this one.

Mark it down, it might not happen again.

 

[Chris]

Nothing, all the more reason to drill here, oh and according to T Boone its 700 Billion

You do know it's your pals in the Democrat party we have to blame for that right. Standing in the way of developing out own resources for years now is why we send so much money over there.

I am totally for developing any viable alternative to oil, But until we do I would like to see us using our own oil and not buying it over seas.

We have alternatives to oil all over the place. If we took the $700 billion we are spending on foreign oil and invested it in American Energy Independence, the problem would be solved. But we have the most craven politicians in the world.

 

[jreeves]

We have alternatives to oil all over the place. If we took the $700 billion we are spending on foreign oil and invested it in American Energy Independence, the problem would be solved. But we have the most craven politicians in the world.

Hopefully political pressure builds and they will cave. Drill and develop existing oil in the US, develop alternate energy sources, nuclear, build up our refining capacity.....Lets do everything!

 

[Charles_Main]

Hopefully political pressure builds and they will cave. Drill and develop existing oil in the US, develop alternate energy sources, nuclear, build up our refining capacity.....Lets do everything!

Here here.

 

[Jeepers]

Hopefully political pressure builds and they will cave. Drill and develop existing oil in the US, develop alternate energy sources, nuclear, build up our refining capacity.....Lets do everything!

If this were sept 12 2001, I'd have been all over this plan... any motivation to drill at this moment is fear driven manipulation. Ive always been a pro driller but this fight now is nothing more that partisan posturing.. Fuck that...

 

[Charles_Main]

If this were sept 12 2001, I'd have been all over this plan... any motivation to drill at this moment is fear driven manipulation. Ive always been a pro driller but this fight now is nothing more that partisan posturing.. Fuck that...

And who was it that stopped drilling back then again?

 

[Epsilon Delta]

Drilling is procrastination, and it just extends the problem to "someday, in the next crisis, then we can start thinking about it". Put the effort into alternative energies instead. Oil isn't going to be any cheaper, regardless of where they drill next.

 

[Chris]

All the lame ass Bush can do is say, It's all the Dems fault for not letting us drill. Flippin idiot!

We need a president with brains. We will have one next year.

 

[jreeves]

Drilling is procrastination, and it just extends the problem to "someday, in the next crisis, then we can start thinking about it". Put the effort into alternative energies instead. Oil isn't going to be any cheaper, regardless of where they drill next.

If we "extend" the problem till we can develop alternate energy sources, what's wrong with that?

 

[jreeves]

All the lame ass Bush can do is say, It's all the Dems fault for not letting us drill. Flippin idiot!

We need a president with brains. We will have one next year.

He's an idiot for putting political pressure on Democrats to do the right thing?

 

[ronpaul2008]

We NEED to drill. The world LITERALLY RUNS ON OIL. Look around you, your house, your computer, practically everything is made of oil. We are exporting BILLIONS to the middle east daily to dictators who are currently buying our assets for dirt cheap. Probably someday the internal combustion engine will be a relic of the past but not yet. There are no viable electric cars on the market. The main reason is that battery technology is not there yet. Batteries are too expensive, need to be replaced, and do not allow the distances of a gas vehicle. If you find an electric vehicle with much range it will be slow topping out at something like 35 miles an hour and very small like a golf cart.

I hear this talk recently from lefties claiming we need to force the US automakers to make electric cars, like what CA tried to do for a while. This exemplifies leftist ie socialist philosophy keeps then from understanding the free market, hence from understanding the world. People are convinced it would be logistically simple to design and mass manufacture this awesome electric wonder car at cheap prices. The dope smoking leftists can at least recognize that they themselves cannot accomplish this feat but they are under the impression it would be a simple task for the more competant folks at Ford Motor Company. We just have to get the government to use its power to force them to do it then all will be well. But it wouldn't be well it would be a disaster. If the American car companies are so evil by unnecessarily keeping us on this antiquated energy system, then why would the lefties want them to be the company of the future who supplies our electric wonder cars? Why wouldn't they want to create this company on their own? Then they would understand that government taxing corporations is a bad thing. Speaking of electric car companies I am considering investing a little into ZAAP. But I'm also investing in oil drillers because I am a realist.

 

[Chris]

He's an idiot for putting political pressure on Democrats to do the right thing?

He's an idiot for ignoring conservation and alternative energy his entire life.

When his press secretary was asked a few years ago about conserving gasoline, he laughed derisively. I could not believe it.

 

[jreeves]

He's an idiot for ignoring conservation and alternative energy his entire life.
When his press secretary was asked a few years ago about conserving gasoline, he laughed derisively. I could not believe it.

Increases the amount of biofuel (usually ethanol) that must be mixed with gasoline sold in the United States to 4 billion gallons by 2006, 6.1 billion gallons by 2009 and 7.5 billion gallons by 2012[1];
Authorizes subsidies for wind energy, and other alternative energy producers;
Adds ocean energy sources including wave power and tidal power for the first time as separately identified renewable technologies;
Authorizes $50 million annually over the life of the bill for a biomass grant program;
Contains several provisions aimed at making geothermal energy more competitive with fossil fuels in generating electricity;
Requires the U.S. Department of Energy to study and report on existing natural energy resources including wind, solar, waves and tides

Provides tax breaks for those making energy conservation improvements to their homes;

Nuclear-specific provisions:[3]
Extends the Price-Anderson Nuclear Industries Indemnity Act through 2025;
Authorizes cost-overrun support of up to $2 billion total for up to six new nuclear power plants;
Authorizes a production tax credit of up to $125 million total per year, estimated at 1.8 US¢/kWh during the first eight years of operation for the first 6.000 MW of capacity[4] ; consistent with renewables;
Authorizes $1.25 billion for the Department of Energy to build a nuclear reactor to generate both electricity and hydrogen;
Allows nuclear plant employees and certain contractors to carry firearms;
Prohibits the sale, export or transfer of nuclear materials and "sensitive nuclear technology" to any state sponsor of terrorist activities;
Updates tax treatment of decommissioning funds;
A provision for the U.S. Department of Energy to report in one year on how to dispose of high-level nuclear waste;
Energy Policy Act of 2005 - Wikipedia, the free encyclopedia


Your an idiot for believing the liberal talking points.....

 

[Zoomie1980]

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.

This is flat out not true. The oil market today is almost PURE PSYCHOLOGY. It has virtually nothing to do with REAL supply or demand or it would be sitting in the 40's. You fight psychology with psychology. You saw what the market did when China reduced their subsidy. That didn't alter the supply-demand equation by one single drop. Bush announces the end of the executive order limiting off-shore drilling, oil goes down sharply, not one drop of oil in the supply-demand equation changes. Senate poised to pass major restrictions on oil speculation, price plummets, not one drop of oil is involved. Congress allows unrestricted drilling, not a single well be online in five years but oil will plummet again.

And that has a MAJOR impact on the economy

 

[Zoomie1980]

We NEED to drill. The world LITERALLY RUNS ON OIL. Look around you, your house, your computer, practically everything is made of oil. We are exporting BILLIONS to the middle east daily to dictators who are currently buying our assets for dirt cheap. Probably someday the internal combustion engine will be a relic of the past but not yet. There are no viable electric cars on the market. The main reason is that battery technology is not there yet. Batteries are too expensive, need to be replaced, and do not allow the distances of a gas vehicle. If you find an electric vehicle with much range it will be slow topping out at something like 35 miles an hour and very small like a golf cart.

I hear this talk recently from lefties claiming we need to force the US automakers to make electric cars, like what CA tried to do for a while. This exemplifies leftist ie socialist philosophy keeps then from understanding the free market, hence from understanding the world. People are convinced it would be logistically simple to design and mass manufacture this awesome electric wonder car at cheap prices. The dope smoking leftists can at least recognize that they themselves cannot accomplish this feat but they are under the impression it would be a simple task for the more competant folks at Ford Motor Company. We just have to get the government to use its power to force them to do it then all will be well. But it wouldn't be well it would be a disaster. If the American car companies are so evil by unnecessarily keeping us on this antiquated energy system, then why would the lefties want them to be the company of the future who supplies our electric wonder cars? Why wouldn't they want to create this company on their own? Then they would understand that government taxing corporations is a bad thing. Speaking of electric car companies I am considering investing a little into ZAAP. But I'm also investing in oil drillers because I am a realist.

Tesla is probably the best electric on the market today. But they run $110,000. Chevy will offer the Volt next year and you won't be able to get one, they are already year-plus backordered.

GM, on the verge of bankruptcy has a real opportunity to get out in front of this market revolution if they had a functioning brain cell left, but they won't. Instead of shutting down truck plants and just making smaller gasoline cars, they need to massively invest in battery production and convert those truck plants into electric and other vehicles and completely phase out traditional engined vehicles. The public would buy everything they could make and more and GM could position itself as the global leader....but no, they are too hidebound for that.

 

[Chris]

Increases the amount of biofuel (usually ethanol) that must be mixed with gasoline sold in the United States to 4 billion gallons by 2006, 6.1 billion gallons by 2009 and 7.5 billion gallons by 2012[1];
Authorizes subsidies for wind energy, and other alternative energy producers;
Adds ocean energy sources including wave power and tidal power for the first time as separately identified renewable technologies;
Authorizes $50 million annually over the life of the bill for a biomass grant program;
Contains several provisions aimed at making geothermal energy more competitive with fossil fuels in generating electricity;
Requires the U.S. Department of Energy to study and report on existing natural energy resources including wind, solar, waves and tides

Provides tax breaks for those making energy conservation improvements to their homes;

Nuclear-specific provisions:[3]
Extends the Price-Anderson Nuclear Industries Indemnity Act through 2025;
Authorizes cost-overrun support of up to $2 billion total for up to six new nuclear power plants;
Authorizes a production tax credit of up to $125 million total per year, estimated at 1.8 US¢/kWh during the first eight years of operation for the first 6.000 MW of capacity[4] ; consistent with renewables;
Authorizes $1.25 billion for the Department of Energy to build a nuclear reactor to generate both electricity and hydrogen;
Allows nuclear plant employees and certain contractors to carry firearms;
Prohibits the sale, export or transfer of nuclear materials and "sensitive nuclear technology" to any state sponsor of terrorist activities;
Updates tax treatment of decommissioning funds;
A provision for the U.S. Department of Energy to report in one year on how to dispose of high-level nuclear waste;
Energy Policy Act of 2005 - Wikipedia, the free encyclopedia


Your an idiot for believing the liberal talking points.....

Liberal talking points? I saw his press secretary mock energy conservation with my own eyes. Did you even read my post?

 

[Zoomie1980]

Liberal talking points? I saw his press secretary mock energy conservation with my own eyes. Did you even read my post?

Every Administration since Jimmy Carter has mocked conservation. You can't convince anyone to conserve something that is cheap and plentiful and get elected at the same time.

 

[jreeves]

Liberal talking points? I saw his press secretary mock energy conservation with my own eyes. Did you even read my post?

Did you happen to see the part where his plan laid out tax breaks for conservation efforts?

 

[Chris]

Did you happen to see the part where his plan laid out tax breaks for conservation efforts?

How did that turn out?

We are in a national emergency, and we need a project for American Energy Independence. It is the most important issue we face right now. The only one that is doing anything about it is T. Boone Pickens.

 

[jreeves]

How did that turn out?

We are in a national emergency, and we need a project for American Energy Independence. It is the most important issue we face right now. The only one that is doing anything about it is T. Boone Pickens.

But you said.....

He's an idiot for (ignoring) conservation and alternative energy his entire life.


ig·nore Audio Help /ɪgˈnɔr, -ˈnoʊr/ Pronunciation Key - Show Spelled Pronunciation[ig-nawr, -nohr] Pronunciation Key - Show IPA Pronunciation
–verb (used with object), -nored, -nor·ing. 1. to refrain from noticing or recognizing: to ignore insulting remarks.

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