If you want lower gas prices and to quit feeding the enemy, please sign this petition;
http://www.americansolutions.com/
http://www.americansolutions.com/
Drill Here, Drill Now
- Thread starter TxPhantom
- Start date
HarrySchell
New member
According the the WSJ, (6.11.08, page B5) the large Brazilian oil field in deepwateris going to be in trial production at 100,000 bpd in 2010. This is two years after discovery. They are drilling in 5-8 kft water depth to about 13 kft hole depth.
Sooooo. The lesson is the the "it will take ten years to get a drop of oil out of ANWR or anywhere else" part of the reason drilling has been successfully opposed for decades. The facts point out how wrong this assumption is, if the way is cleared to get moving. We can mitigate prices in 2009 and later by drilling in the US. We will still be kissing camels in another ten years if we don't. Make your choice.
Sooooo. The lesson is the the "it will take ten years to get a drop of oil out of ANWR or anywhere else" part of the reason drilling has been successfully opposed for decades. The facts point out how wrong this assumption is, if the way is cleared to get moving. We can mitigate prices in 2009 and later by drilling in the US. We will still be kissing camels in another ten years if we don't. Make your choice.
toybox99615
New member
another useless Internet petition
WAKE UP FOLKS. Internet petitions are a complete waste of time. Internet petitions and their ineffectiveness a have been explained thousands of time.
You want action? Write an actual letter to some politician. So them you actually care enough to take time to write about the issue.
WAKE UP FOLKS. Internet petitions are a complete waste of time. Internet petitions and their ineffectiveness a have been explained thousands of time.
You want action? Write an actual letter to some politician. So them you actually care enough to take time to write about the issue.
Playboypenguin
Moderator
That statement shows a complete lack of understanding of economics and the business principals and practices that surround the oil industry. Getting the oil out of the ground does not magically instantly affect the price of gas...expecially since most investing and trading of oil is done of the futures market. Harry, do everyone a favor and either drop your constant droning about needless oil drilling or at least do some real research before running off about it. After a while a person starts to sound like a broken record...or a big oil shill.
Barber2678
New member
If there no environmental issues, an on-shore oil or gas well can be drilled and completed (on-line) within three months. In ANWR, the hold ups would primarily be environmental and construction issues. Most likely a drilling program would have to conduct an Environmental Assessment at the very least but most likely an Environmental Impact Statement. These on the short side would take 2 years and most likely more like 5 not considering lawsuits by the environmental crazies.
Drilling a well on private property in the lower 48 can take over a year if there are environmental issues. Longer if on Gov't property. I should know, I permit these locations for oil and gas companies on a daily basis.
Drilling a well on private property in the lower 48 can take over a year if there are environmental issues. Longer if on Gov't property. I should know, I permit these locations for oil and gas companies on a daily basis.
I am awake!!!
[QUOTEWAKE UP FOLKS. Internet petitions are a complete waste of time. Internet petitions and their ineffectiveness a have been explained thousands of time.
][/QUOTE]
This is not just another internet petition being passed around by some anonymous person in their underwear from their mother's basement. It was started by Newt Gingrich. Over a half million people have already signed it and it's picking up momentum every day.
http://newt.org/
As the "Drill Here, Drill Now, Pay Less" petition drive continues to gain more momentum, American Solutions plans to deliver 3 million signatures to both parties at their national conventions.
http://newt.org/tabid/102/articleType/ArticleView/articleId/3495/Default.aspx
If you don't want to sign it, don't!
[QUOTEWAKE UP FOLKS. Internet petitions are a complete waste of time. Internet petitions and their ineffectiveness a have been explained thousands of time.
][/QUOTE]
This is not just another internet petition being passed around by some anonymous person in their underwear from their mother's basement. It was started by Newt Gingrich. Over a half million people have already signed it and it's picking up momentum every day.
http://newt.org/
As the "Drill Here, Drill Now, Pay Less" petition drive continues to gain more momentum, American Solutions plans to deliver 3 million signatures to both parties at their national conventions.
http://newt.org/tabid/102/articleType/ArticleView/articleId/3495/Default.aspx
If you don't want to sign it, don't!
Playboypenguin
Moderator
gc70
Are you trying to say oil prices are following supply and demand?
Are you therefore saying that demand has either increased to 300% of what it was just two years ago or that supply has been cut by two thirds? Because that is what the price would reflect if the market was not being manipulated.
And why has the US seen increases in price of nearly 100% when most other countries have seen increases closer to 15-20% per gallon?
Even oil executives have admitted that oil SHOULD be only about $45 a barrel if not for factors outside of supply and demand.
So...with the fact that oil prices are not following the laws of supply and demand being taken into account, how does one argue that a simple 10-20% increase in production would have any effect on prices? Wouldn't oil companies simply find other reasons to raise prices? They themselves would not go on record as saying increased supply would guarantee lower prices...so what makes you so certain???
Are you trying to say oil prices are following supply and demand?
Are you therefore saying that demand has either increased to 300% of what it was just two years ago or that supply has been cut by two thirds? Because that is what the price would reflect if the market was not being manipulated.
And why has the US seen increases in price of nearly 100% when most other countries have seen increases closer to 15-20% per gallon?
Even oil executives have admitted that oil SHOULD be only about $45 a barrel if not for factors outside of supply and demand.
So...with the fact that oil prices are not following the laws of supply and demand being taken into account, how does one argue that a simple 10-20% increase in production would have any effect on prices? Wouldn't oil companies simply find other reasons to raise prices? They themselves would not go on record as saying increased supply would guarantee lower prices...so what makes you so certain???
Worldwide demand for oil continues to go up.
Oil resumes skyward path on demand predictions
http://news.yahoo.com/s/ap/20080610/ap_on_bi_ge/oil_prices_42
Oil resumes skyward path on demand predictions
http://news.yahoo.com/s/ap/20080610/ap_on_bi_ge/oil_prices_42
Playboypenguin
Moderator
People love to quote studies that energy demands will increase by 30% over the next decade. They fail to include the fact that most studies, the ones not funded by the oil industry, state that alternative energy (wind, solar, water, hydrogen) should account for more and more of that energy need and oil should account for less and less of it.
As oil prices press highers the cost to bring a barrel of oil to market also increases. This increase makes alternative energy sources (oil shale, tar sand, alternative energy sources, etc.) that would otherwise be too expensive in a low cost oil environment more and more feasible.
We wouldn't see a push for alternative/renewable energy if energy prices haven't increased the way they have.
The commodities market has done what environmentalist haven't been able to do in decades. Force the market to find an alternative energy source. Not because we're concern about the environment, but because we're feeling the pain in our wallets.
We wouldn't see a push for alternative/renewable energy if energy prices haven't increased the way they have.
The commodities market has done what environmentalist haven't been able to do in decades. Force the market to find an alternative energy source. Not because we're concern about the environment, but because we're feeling the pain in our wallets.
Did you bother to read the link? The IEA has nothing, nada, zilch to do with "the oil industry".
About the IEA
The International Energy Agency (IEA) acts as energy policy advisor to 27 member countries in their effort to ensure reliable, affordable and clean energy for their citizens. Founded during the oil crisis of 1973-74, the IEA’s initial role was to co-ordinate measures in times of oil supply emergencies. As energy markets have changed, so has the IEA. Its mandate has broadened to incorporate the “Three E’s” of balanced energy policy making: energy security, economic development and environmental protection. Current work focuses on climate change policies, market reform, energy technology collaboration and outreach to the rest of the world, especially major consumers and producers of energy like China, India, Russia and the OPEC countries.
With a staff of around 190, mainly energy experts and statisticians from its 27 member countries, the IEA conducts a broad programme of energy research, data compilation, publications and public dissemination of the latest energy policy analysis and recommendations on good practices.
http://www.iea.org/about/index.asp
Playboypenguin
Moderator
Yes, I did read the link. The link in no way discusses a breakdown of energy requirements or alternative energy sources. The report simply deals with demand as it stands now with no alternative sources taken into account. For reports on what effects alternative sources could have on decreases the need for oil simply do a web search. The IEA has put forth several such reports in the past.
It also states that the IEA reduced it previous forecast. So why did oil prices go up on a decreased forcast???
Oil prices climbed, while sighting the original figures as part of the reason, and then when the original figures are decreased they rise again. Does that sound like supply and demand to you?
It also states that the IEA reduced it previous forecast. So why did oil prices go up on a decreased forcast???
Oil prices climbed, while sighting the original figures as part of the reason, and then when the original figures are decreased they rise again. Does that sound like supply and demand to you?
PBP
Unless I misunderstood your posts, you believe oil prices are being manipulated and pointed to the futures market. There is clearly rampant speculation in the oil futures market.
When bad US economic statistics are published, oil futures prices shoot up because speculators anticipate lower future exchange rates for the dollar. When politicians in the US and Iran start making bellicose noises at each other, oil futures prices shoot up because speculators project possible future problems moving oil through the Straits of Hormuz. The speculators have been in a feeding frenzy because most recent news has been negative about the future, whether it has involved the declining value of the dollar or the probable availability of oil.
You are correct that pumping a few more barrels of oil today will not necessarily offset the speculators' expectations of negative conditions in the future. However, positive news (such as the discovery of a major new oil field or drilling new wells that will increase future supplies, or improvement in the US economy) would offset the speculative frenzy - without more oil being produced today.
Unless I misunderstood your posts, you believe oil prices are being manipulated and pointed to the futures market. There is clearly rampant speculation in the oil futures market.
When bad US economic statistics are published, oil futures prices shoot up because speculators anticipate lower future exchange rates for the dollar. When politicians in the US and Iran start making bellicose noises at each other, oil futures prices shoot up because speculators project possible future problems moving oil through the Straits of Hormuz. The speculators have been in a feeding frenzy because most recent news has been negative about the future, whether it has involved the declining value of the dollar or the probable availability of oil.
You are correct that pumping a few more barrels of oil today will not necessarily offset the speculators' expectations of negative conditions in the future. However, positive news (such as the discovery of a major new oil field or drilling new wells that will increase future supplies, or improvement in the US economy) would offset the speculative frenzy - without more oil being produced today.
Playboypenguin
Moderator
But price already adjusted to a higher price based on the first report. When the first report was found to be in error would that mean that the prices should adjust downward to the new lower forecast? Instead they climb once again.
Dust Monkey
New member
if we would have already been drilling in ANWR for 15 years, you know when it was set aside for that. If we could build more refineries, have not built one since the 70's, gas would not be as high as it is today. We can't drill our way out of this, but we need to increase drilling here while exploring and developing alternative energy. And rid ourselves of the damn speculators. Its that simple.
Oh. A big bonus brownie if you can tell me why we can't drill like we need to here and why no new refineries have been built. Hint. It starts with a D.
Oh. A big bonus brownie if you can tell me why we can't drill like we need to here and why no new refineries have been built. Hint. It starts with a D.
If drilling was conducted in Alaska,where would the oil go? Most of the oil coming down the Alaskan Pipeline goes overseas because there are not enough places to refine it on the west coast of the USA.
The large tankers can't use the canal so they would have to go around South America to get to the Gulf where it can be re-fined although places there are in short supply.
If China drills in the Gulf,there must be plenty of oil there and that is what the USA should be doing.
The large tankers can't use the canal so they would have to go around South America to get to the Gulf where it can be re-fined although places there are in short supply.
If China drills in the Gulf,there must be plenty of oil there and that is what the USA should be doing.
House Subcommittee Rejects Plan to Open U.S. Waters to More Oil Exploration
Who should we thank for the decision to not even try to produce more oil domestically? All nine Democratics on the House Appropriations Committee and their cheerleaders from "environmental groups from states where the shorelines are under consideration for drilling."
Nevertheless, this is consistent with the views of the Democrats' Presidential nominee. "Discussing rising gasoline prices, Obama said: "I think that I would have preferred a gradual adjustment." The fact that gas is rising towards Al Gore's goal of $5 a gallon is not an issue, but that the increase is just too fast.
Who should we thank for the decision to not even try to produce more oil domestically? All nine Democratics on the House Appropriations Committee and their cheerleaders from "environmental groups from states where the shorelines are under consideration for drilling."
Nevertheless, this is consistent with the views of the Democrats' Presidential nominee. "Discussing rising gasoline prices, Obama said: "I think that I would have preferred a gradual adjustment." The fact that gas is rising towards Al Gore's goal of $5 a gallon is not an issue, but that the increase is just too fast.